Managing risks in business model innovation processes

Yariv Taran, Harry Boer, Peter Lindgren

Research output: Contribution to book/anthology/report/conference proceedingArticle in proceedingResearchpeer-review


Companies today, in some industries more than others, invest more capital and
resources just to stay competitive, develop more diverse solutions, and increasingly
start thinking more radically when considering their business models. However,
despite the understanding that business model (BM) innovation is a risky enterprise,
many companies are still choosing not to apply any risk management in the BM
innovation process.
The objective of this paper is to develop a better understanding of how risks are
handled in the practice of BM innovation. An analysis of the BM innovation
experiences of two industrial companies shows that both companies are experiencing
high levels of uncertainty and complexity during their innovation processes and are,
consequently, struggling to find new processes for handling the risks involved. Based
on the two companies’ experiences, various testable propositions are put forward,
which link success and failure to the way companies appreciate and handle the risks
involved in BM innovation.
Original languageEnglish
Title of host publicationProceedings of the 11th International CInet Conference in Zürich
Number of pages14
PublisherContinuous Innovation Network
Publication date2010
ISBN (Print)978-90-77360-13-2
Publication statusPublished - 2010
Event11th International CINet Conference - Practicing innovation in times of discontinuity -
Duration: 5 Sep 20107 Sep 2010


Conference11th International CINet Conference - Practicing innovation in times of discontinuity

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