A business model describes the design of the value creation and capture mechanisms needed to yield profit. We contend that for a business model to be viable in turbulent and hypercompetitive environments, its dynamics are important and must leverage, out of all key business model modules...

Few studies on open innovation (OI) have addressed OI practices in small and medium sized enterprises (SMEs) and how their use of OI and resulting benefits differ from large enterprises. The lack of resources in SMEs to engage in looking outward is said to be a barrier to OI, but at the same...