Unpacking the Disruption Process: New Technology, Business Models, and Incumbent Adaptation

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Title: Unpacking the Disruption Process: New Technology, Business Models, and Incumbent Adaptation
Authors: Cozzolino, Alessio
Verona, Gianmario
Rothaermel, Frank
Permanent link: http://hdl.handle.net/10197/9565
Date: Nov-2018
Abstract: Despite the growing importance of digital transformation and the notion of disruptive innovation, strategy literature still lacks a more complete picture of how incumbent organizations adapt their business models after disruptions. This research sheds light on this important process by analyzing a major Italian news media publisher reacting to the advent of the internet and the emergence of new business models by entrants into the industry (1995–2017). We specifically examine: (1) the drivers and impeding factors of business model adaptation; (2) how incumbents change strategies to cope with different components of the disruption process; and (3) how a closed business model can be renewed to develop an open, platform-based business model to seize external opportunities, incur lower costs, and fend off disruptors. This study contributes to the burgeoning literature on disruption, business models, and platforms.
Funding Details: University College Dublin
Type of material: Journal Article
Publisher: Wiley
Journal: Journal of Management Studies
Volume: 55
Issue: 7
Start page: 1166
End page: 1202
Copyright (published version): 2018 Wiley
Keywords: Disruptive innovationIncumbent adaptionOpen business modelsValue creation and captureDigital platforms
DOI: 10.1111/joms.12352
Language: en
Status of Item: Peer reviewed
Appears in Collections:Business Research Collection

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