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Today, business model innovations leverage digital technologies to gain a competitive advantage and transform business processes. Blockchain is still gaining attention in specific fields and bringing value to business models. There is a dearth of research on how blockchain decentralized autonomous organizations impact organization business model innovations. This study attempts to contribute the body of knowledge based on a review of decentralized autonomous organizations and the business model innovation literature using the integrative and generative approach.

The paper offers an analysis of decentralized autonomous organizations based on digital business models built on the well-established work by Osterwalder and Pigneur (2010). The practical multilayered decentralized autonomous organizations architectural implementation model design is achieved using practical archetypes depicted in the proposed decentralized autonomous organizations business model. The paper evaluates a marketplace comprising 13 decentralized autonomous organizations led platforms with core functionalities.

The paper delivers decentralized autonomous organizations led digital business model canvas elements to explain decentralized autonomous organization business model innovations. It presents the underlying multilayered decentralized autonomous organizations architectural implementation model required to conceptualize a practical business model with an enterprise-ready target operating model.

The paper contributes directly to the practical decentralized autonomous organizations business model canvas, exemplifying the nine elements of decentralized autonomous organizations’ characteristics for any organizational transformation. The tools and accelerators (business model, layered architecture, target operating model and product mapping) developed in the paper address the managerial challenges of redesigning the decentralized business models.

The proposed decentralized autonomous organizations smart contract powered business model provide a digital platform to adhere to rules, follow policies, preserve principles and develop consensus without human interventions. The paper shapes the first of its kind decentralized autonomous organizations marketplace evaluation while mapping it to decentralized autonomous organizations layered architecture product requirement considering business model dimension to adopt actionable target operating model.

To better understand where the banking industry is heading and how it can thrive in the new environment of converged industries and competition, the IBM Institute for Business Value, in collaboration with Oxford Economics, surveyed 850 banking and financial markets executives across all major geographies and a variety of C-suite roles.

The survey sought answers to three key questions: What impacts are the changing currents around ecosystems, business models and business economics having on banking and other financial services organizations? What strategies are likely to be most successful for banks to adopt over the next few years? What steps can banking leaders adopt today to accelerate their progress toward obtaining a leading competitive position?

Most senior executives surveyed – 72 percent – agree that platform business models – and the ecosystems that underpin them – are disruptive for the banking industry: 70 percent of executives say that platform business models are driving changes in traditional value chains across the industry. 69 percent acknowledge that platforms are disrupting their organization’s own business and operating models.

As many as 79 percent of banking executives globally say that adoption of platform business models will help them achieve sustainable differentiation and competitive advantage with benefits across multiple dimensions. They identify profitability, innovation and access to markets as the top-three areas where platform models can drive advantage.

Visionary banks believe engagement with partners across platforms should increase their commitment to innovation, especially relating to the search for new and more valuable product and service combinations. They realize that radical transformation is required across business and operating models and in the way resources, business processes and technologies are assembled to create value.

The recent transformations brought about by the globalisation of markets have increased the competitive pressure for firms operating in traditional sectors, and in particular for those in industrial districts. The authors' aim is to understand the extent to which firms responded to these new challenges. More particularly, they investigate the determinants of innovation at firm level focusing on the role of firm's outsourcing strategies.

Drawing on an original firm‐level dataset, the authors analyse the determinants of innovation in a typical Italian industrial district, i.e. the hosiery district of Castel Goffredo in the Third Italy. They apply econometric techniques, in particular OLS and Tobit models.

The authors' findings suggest that industrial districts are evolving towards a differentiated organisational structure in which innovation is driven by firms, which are focused on core competences and high valued added activities.

The authors' results should be interpreted with some caution, since the cross‐sectional design of their data does not allow them to fully control for potential reverse causation effects, which might be relevant for some of the explanatory variables. Their data do not allow them to include additional instrumental variables, thus they cannot control for endogeneity. Therefore, their interpretation is limited to comment the extent and regularity of the relation between dependent and explanatory variables.

The evidence presented in this study corroborates some arguments highlighted in the current debate about the evolution of industrial districts. A network‐based organisation is the dominant organisational structure. The authors have some evidence on the importance of size as driver of innovation.

The authors find original evidence at firm level on the relation between organisational change, in the form of outsourcing, and innovation in the context of an industrial district. They also find empirical support to arguments debated in the recent policy debates on whether small firms can be regarded as engines of innovation in industrial districts.

According to IBM research, companies seeking opportunities in an era of constant customer connectivity focus on two complementary activities: reshaping customer value propositions and transforming their operations using digital technologies for greater customer interaction and collaboration. This paper aims to address this issue.

The paper explains that businesses aiming to generate new customer value propositions or transform their operating models need to develop a new portfolio of capabilities for flexibility and responsiveness to fast‐changing customer requirements.

The paper finds that engaging with customers at every point where value is created is what differentiates a customer‐centered business from one that simply targets customers well. Customer interaction in these areas often leads to open collaboration that accelerates innovation using online communities.

Companies focused on fully reshaping the operating model optimize all elements of the value chain around points of customer engagement.

The article explains how companies with a cohesive plan for integrating the digital and physical components of operations can successfully transform their business models.

The more recent emergence of advanced digital technologies and the acceleration of process digitization, combined with rising stakeholder expectations, have created an urgent imperative for organizations to embrace open innovation.

The analysis in this paper is based on a survey 2,379 executives representing 24 industries and 26 countries conducted by the IBM Institute for Business Value. IBV researchers used descriptive statistics to understand innovation trends. To understand the role of open innovation for business performance IBV researchers segmented the sample based on two criteria: extent to which the organization sees open innovation as important for their growth strategy and the extent to which they are effective in advancing open innovation.

Ecosystems are key to success with open innovation, creating value opportunities within and across the value chains. 10;

Open and interoperable technologies like hybrid cloud, APIs, blockchain and AI allow for many more ways to create value by unlocking hidden potential in existing relationships.

Open innovation drives growth; new research found that 84 percent of executives think open innovation is important for their future growth strategy.

A recent survey conducted by the IBM Institute for Business Value (IBV) indicates that as many as 83 percent of companies see open innovation as important to their future growth strategy.

The authors describe how significant recent advancements in digital technologies have opened up new opportunities for broader external collaboration.

Business is moving into a new phase in which ecosystems are not only an incremental part of the innovation process but integral to every element of it.

Hybrid-cloud acts as the technological glue enabling open collaboration, experimentation and co-creation across ecosystems.

The research found that the emergence of Hybrid Cloud (connectivity), AI (intelligence) and Blockchain (security, transparency and trust) as foundational technologies for more openness and collaboration has ushered in a new era of realizable open innovation.

This chapter reviews the literature on servitization to understand whether and how mergers and acquisitions (M&As) have been dealt with and what the portrayed consequences are of servitization through M&As. Servitization refers to how manufacturing firms extend and remodel their offerings to focus on value in use rather than product transfer. The rationale of the chapter follows from how business model innovation or business modeling has been predicted as the next M&A wave, while the focus on servitization has been pronounced in research and practice as a means for manufacturing firms to refocus operations during the past decade. The chapter concludes that while the servitization literature is vibrant, the mode of reaching service competence and renewing business is not well explored in the literature. In line with the predicted next M&A wave, servitization through M&As would thereby create an interesting path for future research.

One problem that many organisations face today in the global economy is that too few ideas are turned into innovations. The purpose of this paper is to show how innovations in organisations may be obtained by means of creative energy fields.

The design employed in the research represents a holistic, change oriented approach to innovation, and the methodology is conceptual where an analytical model is used.

The paper provides arguments that organisations need to develop creative energy fields in order to enhance their innovative capacity and performance. In the paper the construct creative energy field is conceptualised as “a spot in an organisation where a Group of creative individuals collaborate and work together in order to bring to surface new ideas which may fuel innovation processes and Development in organisations”. The paper shows that creative energy fields are influenced by five distinct components; those of making a clear purpose, planning after the results have become apparant, an organisation’s rule breakers, drawing a map that changes the landscape, and igniting the flame of innovation. Furthermore, the findings encompass three conditions which need to be present in an organisation in order to make creative energy fields work.

The carried out focuses on the individual organisation which aims to enhance innovation performance.

In relation to practical implications, the paper shows, in particular, how an organisation may move into areas of innovation by means of a Lego system of organising.

To the authors’ knowledge, the creation and use of a novel construct, that of creative energy fields, represents newness and originality in innovation research at the level of the individual enterprise. Furthermore, the paper contributes to the extant management knowledge of innovation by showing how a Lego system of organising may foster innovation at the enterprise level.

The purpose of this paper is to examine how national innovation policies strategically interact to form emergent de facto global entrepreneurship and innovation policies.

Reviews the innovation economics theory and policy literature, synthesizing the existing work into three models (autarky, cooperation and competition), then adds four new models of strategic interaction (asymmetric information, duopolistic competition, competitive factor mobility and complementary assets).

The different models predict very different outcomes. Therefore, it matters which model is true. Entrepreneurship and innovation policy needs to start with an improved science of strategic global interaction of national innovation policy.

Conceptual approach only, without empirical analysis, calls for empirical analysis to test the different models.

Points to the problem of absence of global coordination in innovation policy arising from strategic interactions between national innovation policies. Recognizes that entrepreneurship public policy is caught in this strategic game, and that there are missing global institutions here.

Improved innovation policy should enable more effective entrepreneurial environments.

Proposes seven models for understanding global strategic interaction of innovation policy, out of which four are new. These new ones are highly relevant to entrepreneurship policy.