Relating business model innovations and innovation cascades: the case of biotechnology. Niosi, J. & McKelvey, M. 28(5):1081–1109.
Relating business model innovations and innovation cascades: the case of biotechnology [link]Paper  doi  abstract   bibtex   
This article conceptualizes innovation as a process, where the scientific andindustrial application of technological knowledge nurtures new routines and institu-tions, in order to relate changing business model innovations to innovation cascades.Innovation in science-based, high-tech sectors is changing its tempo, from the evolu-tionary pace of incremental novelties punctuated by occasional radical novelties, toinnovation cascades. These cascades involve a long series of interlinked radicalinnovations, which can be traced through various scientific and technological indicatorslike patents and publications. Innovation cascades are relevant to industry, because theymake the future less predictable. They are particularly interesting because these changesalso enable the testing an abundance of new business models. Innovation cascades havea major impact on the number and sustainability of business models and on strategy.Business model innovations are visible not only in the existing organizations thatundergo change, but also new organizational models appear. The case of biotechnologyafter the 1980s is used to illustrate our conceptualization.
@article{niosi_relating_2018,
	title = {Relating business model innovations and innovation cascades: the case of biotechnology},
	volume = {28},
	issn = {0936-9937, 1432-1386},
	url = {http://link.springer.com/10.1007/s00191-018-0561-9},
	doi = {10.1007/s00191-018-0561-9},
	shorttitle = {Relating business model innovations and innovation cascades},
	abstract = {This article conceptualizes innovation as a process, where the scientific andindustrial application of technological knowledge nurtures new routines and institu-tions, in order to relate changing business model innovations to innovation cascades.Innovation in science-based, high-tech sectors is changing its tempo, from the evolu-tionary pace of incremental novelties punctuated by occasional radical novelties, toinnovation cascades. These cascades involve a long series of interlinked radicalinnovations, which can be traced through various scientific and technological indicatorslike patents and publications. Innovation cascades are relevant to industry, because theymake the future less predictable. They are particularly interesting because these changesalso enable the testing an abundance of new business models. Innovation cascades havea major impact on the number and sustainability of business models and on strategy.Business model innovations are visible not only in the existing organizations thatundergo change, but also new organizational models appear. The case of biotechnologyafter the 1980s is used to illustrate our conceptualization.},
	pages = {1081--1109},
	number = {5},
	journaltitle = {J Evol Econ},
	author = {Niosi, Jorge and {McKelvey}, Maureen},
	urldate = {2021-03-24},
	date = {2018-12},
	langid = {english},
	file = {Full Text:files/62/Niosi and McKelvey - 2018 - Relating business model innovations and innovation.pdf:application/pdf},
}
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