The concept of business models and consequently business model innovation has its foundation in corporate practice, strategic management, and industrial economics. However, business models are not a strategy but constitute the core and driver of a strategy as well as the key for decoding,...

Organizations are open systems operating under conditions of substantial turbulence, risk (known unknowns), and uncertainty (unknown unknowns) and seeking to balance stability and coherence with flexibility and change in pursuit of higher levels of efficacy and routine excellence. In addition,...