Rooted in strategic management research, Business Model Innovation explores the concepts, tools, and techniques that enable organizations to gain and/or maintain a competitive advantage in the face of technological innovation, globalization, and an increasingly knowledge-intensive economy. Updated with all-new cases, this second edition of the must-have for those looking to grasp the fundamentals of business model innovation, explores the novel ways in which an organization can generate, deliver, and monetize benefits to customers.

In today s fast-changing business environment, those firms that want to remain competitive must also be innovative. Innovation is not simply about developing new technologies into new products or services, but in many cases, finding new models for doing business in the face of change. It often entails changing the rules of the game.

Strategic Innovation demonstrates to students how to create and appropriate value using new game strategies to gain competitive advantage. The book begins with a summary of the major strategic frameworks and showing the origins of strategic innovation. Next, Afuah gives a thorough examination of contemporary strategy from an innovation standpoint, including:

• how to develop strategy in the face of change
• a detailed framework for assessing the profitability potential of a strategy or product
• consideration of how both for-profit and non-profit organizations can benefit from new game strategies.

With a wealth of quantitative examples of successful strategies, as well as descriptive cases, Strategic Innovation will complement courses in strategy, and technology and innovation.

In today s fast-changing business environment, those firms that want to remain competitive must also be innovative. Innovation is not simply about developing new technologies into new products or services, but in many cases, finding new models for doing business in the face of change. It often entails changing the rules of the game.

Strategic Innovation demonstrates to students how to create and appropriate value using new game strategies to gain competitive advantage. The book begins with a summary of the major strategic frameworks and showing the origins of strategic innovation. Next, Afuah gives a thorough examination of contemporary strategy from an innovation standpoint, including:

• how to develop strategy in the face of change
• a detailed framework for assessing the profitability potential of a strategy or product
• consideration of how both for-profit and non-profit organizations can benefit from new game strategies.

With a wealth of quantitative examples of successful strategies, as well as descriptive cases, Strategic Innovation will complement courses in strategy, and technology and innovation.

Rooted in strategic management research, Business Model Innovation explores the concepts, tools, and techniques that enable organizations to gain and/or maintain a competitive advantage in the face of technological innovation, globalization, and an increasingly knowledge-intensive economy.

Updated with all-new cases, this second edition of the must-have for those looking to grasp the fundamentals of business model innovation, explores the novel ways in which an organization can generate, deliver, and monetize benefits to customers.

Table of Contents

Part I: Intoduction

1. Intoduction to Business Model Innovation

Part II: Analytical Techniques

2. Business Model Frameworks

3. Business Valuation Techniques: A Strategic Management Approach

4. Breakeven Analysis in Strategy and the Margin-SalesRate Matrix (MSM)

5. Business Model Appraisal Frameworks

Part II: Core Concepts

6. Network Effects and Multisided Platforms

7. Crowdsourcing

8. Disruptive Innovations and Business Models

9. Complementary Assets: A Cornerstone of Profiting from Innovation

10. Long Tail Strategies in Business Models

Appendices

A. Strategy and Business Models

B. Types of Business Models

C. Glossary of Business Model Terms

D. Important Formulae

Part IV: Cases

1. Alibaba in 2018

2. Tinder: New CEO, New Reputation? Or Should You Swipe Left on Tinder?

3. Spotify: Now What?

4. Snapchat: Another Overvalued Tech Unicorn?

5. Pokémon Go: Way to Go?

6. SoFi (Social Finance Inc.)

7. Airbnb: Innovation in Hospitality

8. Pixar: Changing the Rules of the Game

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This second edition of <I>Innovation Management<R> provides a systematic approch to the strategies and processes that underlay the financial results of innovation, using multi-functional research from economics, organizational theory, general management and marketing, and the strategy literature. <NL> Designed to meet the increasing number of courses in this vitally important area, the book provides full course coverage of innovation management as its core theme. Drawing from his professional and academic experience, Allan Afuah shows the relationshiop between innovation, a management function, and profitability, a financial function. He creates the framework to encompass the basic questions of the "who, what, when, and where of innovation, combining the latest theoretical discussion with abundant examples. This new edition explicitly incorporates the Internet as a technological change and offers an entirely new chapter, Strategies for Sustaning Profits.

Examples of the value that can be created and captured through crowdsourcing go back to at least 1714 when the UK used crowdsourcing to solve the Longitude Problem, obtaining a solution that would enable the UK to become the dominant maritime force of its time. Today, Wikipedia uses crowds to provide entries for the world's largest and free encyclopedia. Partly fueled by the value that can be created and captured through crowdsourcing, interest in researching the phenomenon has been remarkable. Despite this - or perhaps because of it - research into crowdsourcing has been conducted in different research silos, within the fields of management (from strategy to finance to operations to information systems), biology, communications, computer science, economics, political science, among others. In these silos, crowdsourcing takes names such as broadcast search, innovation tournaments, crowdfunding, community innovation, distributed innovation, collective intelligence, open source, crowdpower, and even open innovation. This book aims to assemble chapters from many of these silos, since the ultimate potential of crowdsourcing research is likely to be attained only by bridging them. Chapters provide a systematic overview of the research on crowdsourcing from different fields based on a more encompassing definition of the concept, its difference for innovation, and its value for both private and public sector.

Why is Africa so poor? Contrary to prevailing arguments, The African Paradox; Is China the Solution argues that Africa's poverty has little or nothing to do with corruption, colonialism, slavery, tribalism, war and disease, etc. Rather, Africa has remained poor because it has not learned how to create value-how to make the products or offer the services that people need. Why has it not been able to learn how to create value? The book offers five reasons. First, driven by a false sense of entitlement, many Africans have focused on value capture rather than value creation-focused on finding ways to consumer what others have made rather than learning how to do things for themselves. Second, it has not been in the interest of rich countries and their businesses to help African countries build value creation capabilities. It does not make sense for rich countries to make smart rivals out of loyal customers and suppliers. Third, the timing has not been right, yet. Fourth, African countries have failed to identify their strengths and opportunities and capitalize on them. Fifth, Africa and its benefactors have failed to understand that the transformation of Africa from poor to rich is a radical innovation, and therefore failed to pursue the right strategies. The book offers five strategies that African countries can use to dig themselves out of poverty. It also argues that China can be a huge part of the solution to Africa's poverty problem.