We highlight business model innovation as a way for general managers and entrepreneurs to create and appropriate value, especially in times of economic change. Business model innovation, which involves designing a modified or new activity system, relies on recombining the existing resources of a...

"The emergence of business model innovation as a key strategic issue that both founders of new firms and senior managers of incumbent firms need to address has created a teaching need in business schools. Yet, as of now, there is no book on the market that provides systematic and focused course...