This paper presents a theory of business model innovation (BMI) within incumbent firms. The process of business model change is examined, with particular attention to business units in a multibusiness enterprise. The paper expands upon past definitions of business models. It identifies four...

Innovation outsourcing has become a widespread practice in R&D management. Five types of innovation partners are the most widely discussed: universities and R&D institutes, customers, suppliers, competitors, and high-technology start-up companies. Previous work has compared these innovation...