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Software tools for business model innovation: Current state and future challenges

  • Daniel Szopinski*
  • , Thorsten Schoormann
  • , Thomas John
  • , Ralf Knackstedt
  • , Dennis Kundisch
  • *Corresponding author

Research output: Contribution to journalJournal articleResearchpeer-review

Abstract

Software tools for business model development hold great promise for supporting business model innovation, but nonetheless, virtually no design-relevant knowledge exists concerning the functions that such tools should possess. As a result, practitioners lack guidance for choosing software tools, and researchers lack a foundation for advancing knowledge on these tools in a cumulative way. To address these issues, we synthesize knowledge from research on software tools for business model development and adjacent fields with the results of an analysis of 24 software tools from practice. Our contribution is threefold. First, we provide a comprehensive taxonomy that identifies 43 characteristic functions of software-based business model development tools. Second, we provide a classification of existing software tools for the taxonomy and, on this basis, third, we derive an agenda for future research. We thus support practitioners’ decision making on tool (re-)design and investment, and provide the foundation for a cumulative stream of research on software tools for business model development.

Original languageEnglish
JournalElectronic Markets
Volume30
Issue number3
Pages (from-to)469-494
Number of pages26
ISSN1019-6781
DOIs
Publication statusPublished - 1 Sept 2020
Externally publishedYes

Bibliographical note

Publisher Copyright: © 2019, Institute of Applied Informatics at University of Leipzig.

Keywords

  • Business model
  • Business model development tool
  • Business model innovation
  • Research agenda
  • Taxonomy

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