Dear @Henrik, how about this resource?

This study seeks to build a definition of business model innovation, and to provide a measurement index for the extent of innovativeness of a firm’s changed business model...

Article Business model innovativeness: Designing a formative measure...

Hi,

you might get valuable insights (summarised within Figure 3) from:

Teece, D. J. 2010. Business models, business strategy and innovation. Long range planning 43 (2): 172–194.

Kind regards,

Marko

We conduct research on this as well in a multi-year project called data to intelligence (D2I). Within that project we have developed business models for several so called industry cases ranging from start-ups to large incumbents. Some of the results have been published by Jukka Heikkilä and Marikka Heikkilä. You may also refer to the work of Harry Bowman.

Involvement into multiple real-world cases with a mix-method approach appears useful. 

Dear Marko,

Thank you very much for your input! We will read Teece's paper carefully.

Best wishes, Henrik.

Dear Tomi, 

Thanks for sharing information about your research project! We will definitely review your publications to see what we can learn from what you have done. We will also review the work of Harry Bowman. Again, thanks a lot for sharing!

Best wishes for a great week!

/Henrik

Henrik

It's a good question, and one that I have been grappling with. I don't have a good answer, but have found the following papers useful, or at least interesting places to start.

Alexy, O. & George, G. (2013). Category divergence, straddling, and currency: Open innovation and the legitimation of illegitimate categories. Journal of Management Studies, 50, 2. 173-203.

Camisón, C. & Villar-Lopez, A. (2010). Business models in spanish industry: A taxonomy-based efficacy analysis. Management, 13, 4. 298-317.

Lee, C.-S. & Ho, J.C. (2010). A framework for analyzing business model innovation in mobile commerce. Journal of International Technology & Information Management, 19, 4. 37-60.

Lindgren, P. (2012). Business model innovation leadership: How do sme's strategically lead business model innovation? International Journal of Business & Management, 7, 14. 53-66.

Pateli, A.G. & Giaglis, G.M. (2004). A research framework for analysing ebusiness models. European Journal of Information Systems, 13, 302-314.

Good to hear, too, of the work of Jukka Heikkilä and Marikka Heikkilä, and also Harry Bowman.

Best

Richard

We measure innovation in agricultural enterprises and build an index. Case of Colombia in South America

Dear Richard, 

Thanks for your valuable input! We will review the papers you suggest carefully. I might come back to you for a more in-depth discussion about this issue later on, as it seems that there is a need for some conceptual work on BMI that can guide investigations of BMI in a more quantitative way. Perhaps we can share experiences on this matter.

Again, thanks for your help!

Warm regards,

/Henrik

Thanks for the suggestion, Jonas. I will read the JOMS article and evaluate its usefulness. 

Dear Toni Dahlberg

thanks for your contribution. I would like to read the paper for which you mention the authors - can you mention the journal / title? I cannot find it.

Great question asked Henrik, I enjoy learning more about the measurement side of business models. I cannot add to that list.

ISSUE: How to measure innovation?

ZOTT & AMIT ARTICLE 2007

The 2007 article looks at business model of 190 publicly listed companies. The article tries to answer the question of whether organizational design affects performance? The authors used 13 variables (X-independent variables. See Table 2, Panel B) to explain performance/ this is a study of the causality of performance (increased performance in comparison to peers); however, it is not the same as measuring innovation. What makes the performance/result “innovative” is a different issue.

There are two ways to approach the issue: (a) ask what is the model that leads to innovation, or (b) whether an innovation has occurred. If approach “a” is used, the research will still have to prove innovation by doing “b.” However, if approach “b” is adopted, the issue in “a” becomes secondary. This is to say verify if innovation exists and then determine the business model that produces that innovation.

MEASUREMENT OF INNOVATION: There are two types of innovation: (i) production increase or (ii) reduction of cost. These ends of innovation analysis tell us that it is the result of a process that is the object, not the process or procedure that leads to innovation. If we look at the process that leads to innovation, we will have to examine many processes and see their results to judge whether there is innovation. Instead, when we look at the end result and verify whether it is a result of innovation, it is the shortest distance between two points.

In the article (linked below), innovation was verified through statistical test, i.e. outlier analysis. The answer of whether an innovation has occurred can be empirically verified. As to business model that produces the innovation remains only a conceptual framework to speculate whether such models produce innovation. Assume that there are 10 models, which one is innovative? This is not easy to answer and may not be appropriate for empirical study. However, if there even 100 performance results over a time period, the answer of whether there is innovation could just easily be answer through statistical test. Once innovation is verified against the peer group’s performance, then this result may lead to business model types. This approach is obverse to the approach taken by Zott and Amit who examine 190 firms using 13 variables which may fall short of model efficiency, i.e. too many variables.

EVALUATION OF BUSINESS MODEL: RESULT OR PROCESS? Generally, what leads to innovation are not too many factors or variables. The “few variables” that leads to innovation is the model that can be classified as “business model innovation.” To avoid tautology, this is to say that there are many business models ---which may seem innovation, i.e. no more that differentiation---but produce no innovative result (that is … increase performance or reduce cost). Therefore, the starting point for innovative studies should be a form of “reverse engineering”---looking at the innovative result then trace back the model that produce that result.

Innovation study is the study of the result. Once the result is known, i.e. analyzing the Yi, then look for Xi to explain it. If the industry earns 5% but the subject firms earns 15%. If the standard deviation is known, we can verify whether this 15% is a result of an innovative process---then we can follow through with the analysis to verify what are the components of the process? If we start with the process and evaluate whether the process is innovative---we might end up with innovative process that is not accompanied by innovative result; this will result in Type 1 error due to incomplete analysis.

REFERENCES

The materials by Zott and Amit may be downloaded here: https://mgmt.wharton.upenn.edu/profile/1301/research

Innovation paper may be accessed here at researchgate:

https://www.researchgate.net/profile/Paul_Louangrath

I have another conference article coming in October 2014 on Innovation & Competitiveness. Let me know if you want a copy.

Business model innovation refers to fundamentally rethinking business around a clear customer need, then realigning the resources, processes and profit formula with this new value proposition. 

The Oslo Manual provides guidelines for collecting and interpreting innovation data in an internationally comparable manner. The manual is prepared under the joint guidance of the OECD and the European Commission (Eurostat), the

third edition of the Oslo Manual is the result of a three year collaborative process that has involved the OECD Working Party of National Experts on Science and Technology Indicators (NESTI) and the Eurostat Working Party on Science, Technology and Innovation Statistics (WPSTI) as well as a number of outside experts.

For more information you may look in the following link>

http://www.tiec.gov.eg/backend/Reports/MeasuringOrganizationInnovativeness.pdf

Dear @Henrik, some more reading on how to measure business model innovation. There are some metrics, the very first link! "... there are a lot of ways to measure innovation productivity, so choosing the right metrics requires some selectivity. Process-oriented metrics typically consider the means, such as the number of new ideas proposed or new ideas introduced. They also consider organizational outcomes such as increased capabilities with existing or new technologies, which makes them potentially useful as indicators. Financial metrics are focused on ends, the results, and include ROI-based models to track financial performance, or the proportion of sales or profits from new products!"

http://www.innovationmanagement.se/2013/08/15/how-to-measure-the-innovation-process-and-its-results/

There is a very recent paper that suggests and validates scales for measuring business model innovation from Tomas Clauss http://onlinelibrary.wiley.com/doi/10.1111/radm.12186/full 

You can find the pre-peer reviewed version here on researchgate (see the hyperlink) 

Article Measuring Business Model Innovation: Conceptualization, Scal...

Don't know if the question is still valid, but there is an article in R&D Management on this subject: Clauss (2016) Measuring business model innovation: conceptualization, scale development, and proof of performance

BR

 Dear Ieva and Tobias, 

Thanks for sharing. I did notice this publication, and it seems promising. It is going to be interesting to see what will happen in terms of the diffusion and use of the proposed scale for measuring business model innovation. 

Dear @Henrik, how about this resource?

This study seeks to build a definition of business model innovation, and to provide a measurement index for the extent of innovativeness of a firm’s changed business model...

Article Business model innovativeness: Designing a formative measure...

Dear Ljubomir,

Thanks for sharing! This publication was new to me, and the provided measurement index seems promising. I especially like their approach to "Innovativeness of business models". Hope to see follow-up research that uses the ideas Spieth and Schneider introduces. 

//Henrik