I am interested in innovation, particularly business model innovation. I focus on this subject in both my research and teaching.
Innovation has been the locus of attention for both management scholars and practitioners alike since at least the times of Ford and Schumpeter. When innovating, firms can choose to introduce new products, processes, management techniques, or business models. The choice among these is important because of the potential performance consequences.
I define business model innovation as the design of an activity system that is new to the industry where the focal firm competes, and that affects the distribution of the total value created to different business model participants (i.e. the focal firm and its partners, suppliers and customers).