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...

The discipline of project management adheres to the dominant model of the project life cycle, or the phased stage-gate approach, of executing projects. This implies a clear definition of mission and system at the outset (to reduce uncertainty), and subsequent execution in phases with decision...