You are here: Home » News, views and events » Innovation glossary » Business model innovation
Business model innovation
A description of the operations of a business - including the components and functions of the business and the revenues and expenses that the business generates - that differentiates a company and that creates value for its customers, and, by doing that, puts the company in a unique position in its industry. Examples: McDonald's restaurants, Netflix, eBay.
News, views and events
- Press releases
- Events
- Video and audio
- Articles
- Innovation glossary
- Business angels
- Business model innovation
- Collective innovation
- Creative Industries
- Creativity
- Disruptive innovation
- Entrepreneurship
- Externality
- Hidden innovation
- Incremental innovation
- Innovation
- Intellectual Property Rights
- Interdisciplinarity
- Invention
- Knowledge economy
- Knowledge transfer
- Open innovation
- Public good
- R&D
- R&D tax credits
- Seed capital
- Skills for innovation
- Social innovation
- Social networks
- Systems of innovation
- User-led innovation
- Venture capital
- Newsletters and subscriptions
- Brand resources
- Archive
© 2008 NESTA
Add a comment
Comments on this article
Added: 17/03/2008 3:54pm
Brendan Dunphy
This far too narrow. Business models include the Customers, Supplier and Partners, implicitly if not explicitly. Making the implicit elements of the business model transparent is essential if we are too innovate beyond the boundaries of the product/company - we need the broader perspective in order to see the inefficiencies and opportunities presented by inadequate business models today.