Prelims

Business Models and Cognition

ISBN: 978-1-83982-063-2, eISBN: 978-1-83982-062-5

ISSN: 2397-5210

Publication date: 30 November 2020

Citation

(2020), "Prelims", Sund, K.J., Galavan, R.J. and Bogers, M. (Ed.) Business Models and Cognition (New Horizons in Managerial and Organizational Cognition, Vol. 4), Emerald Publishing Limited, Leeds, pp. i-xv. https://doi.org/10.1108/S2397-521020200000004001

Publisher

:

Emerald Publishing Limited

Copyright © 2021 Emerald Publishing Limited


Half Title

Business Models and Cognition

Title Page

New Horizons in Managerial and Organizational Cognition

Business Models and Cognition

Edited by

Kristian J. Sund

Roskilde University, Denmark

Robert J. Galavan

Maynooth University, Ireland

Marcel Bogers

Eindhoven University of Technology, The Netherlands, University of Copenhagen, Denmark, and UC Berkeley, USA

United Kingdom – North America – Japan – India – Malaysia – China

Copyright Page

Emerald Publishing Limited

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First edition 2021

Copyright © 2021 Emerald Publishing Limited

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British Library Cataloguing in Publication Data

A catalogue record for this book is available from the British Library

ISBN: 978-1-83982-063-2 (Print)

ISBN: 978-1-83982-062-5 (Online)

ISBN: 978-1-83982-064-9 (Epub)

ISSN: 2397-5210 (Series)

Contents

List of Contributors vii
Author Biographies ix
Exploring the Connections Between Business Models and Cognition: A Commentary
Kristian J. Sund, Robert J. Galavan and Marcel Bogers
1
Examining Ceos’ Business Model Schemas: A Cognitive Mapping of Differences Between Industry Insiders and Outsiders
Somendra Narayan, Jatinder S. Sidhu, Charles Baden-Fuller and Henk W. Volberda
15
Unveiling the Dark Side of Business Models: A Novel Framework for Managerial Cognition and Decision-Making
Antonio Daood, Cinzia Calluso and Luca Giustiniano
39
Escaping the Founder Identity Trap: A Process View on Business Model Design During New Venture Creation
Anneleen Van Boxstael and Lien Denoo
57
What Bounds Entrepreneurial Business Modelling? The Impacts of Visual Framing Effects and Cognitive Dispositions
Tassilo Henike and Katharina Hölzle
95
Creating Meta-Narratives: How Analogies and Metaphors Support Business Model Innovation
Ksenia Podoynitsyna, Yuliya Snihur, Llewellyn D. W. Thomas and Denis A. Grégoire
135
The Metacognition Underlying Radical Business Model Innovation: Four Case Studies of Individual Criticism
Emilio Bellini and Silvia Castellazzi
169
Barriers in Searching for Alternative Business Models: An Essay on the Fear of Looking Foolish
Sea Matilda Bez and Henry Chesbrough
187
Business Model Innovation in Incumbent Firms: Cognition and Visual Representation
Lorenzo Massa and Fredrik Hacklin
203
Science and Swagger for Success: The Interactions of Hypothesis Testing and Self-Efficacy to Influence Business Model Performance
Ted Ladd
233
Index 253

List of Contributors

Charles Baden-Fuller Cass Business School, UK
Emilio Bellini Politecnico di Milano, Italy
Sea Matilda Bez University of Montpellier, France
Marcel Bogers Eindhoven University of Technology, The Netherlands, University of Copenhagen, Denmark, and UC Berkeley, USA
Cinzia Calluso Luiss University, Italy
Silvia Castellazzi Politecnico di Milano, Italy
Henry Chesbrough UC Berkeley, USA, and Luiss University, Italy
Antonio Daood University of Bologna, Italy
Lien Denoo Tilburg University, The Netherlands
Robert J. Galavan National University of Ireland Maynooth, Ireland
Luca Giustiniano Luiss University, Italy
Denis A. Grégoire HEC Montréal, Canada
Fredrik Hacklin Vlerick Business School, Belgium, and ETH Zürich, Switzerland
Tassilo Henike ITONICS, Germany
Katharina Hölzle University of Potsdam, Germany
Ted Ladd Hult International Business School, USA
Lorenzo Massa Aalborg University, Denmark
Somendra Narayan NEOMA Business School, France
Ksenia Podoynitsyna Tilburg University and Eindhoven University of Technology, The Netherlands
Jatinder S. Sidhu Leeds University Business School, UK
Yuliya Snihur Toulouse Business School, France
Kristian J. Sund Roskilde University, Denmark
Llewellyn D. W. Thomas LaSalle Universitat Ramon Lull, Spain
Anneleen Van Boxstael Eindhoven University of Technology, The Netherlands
Henk W. Volberda Amsterdam Business School, University of Amsterdam, The Netherlands

Author Biographies

Charles Baden-Fuller is the Centenary Professor of Strategy and the Leader of the Strategy Group at Cass Business School, City, University of London. He is one of the leading global thinkers on the topic of Business Models. He has made key contributions to the field, particularly on their role as cognitive devices to assist managerial thinking and predict firm behaviour. He has also had a significant impact on policy in mature firms and in firms in the field of High Technology (especially Biotechnology). His honors include being a Senior Fellow at the Wharton School, University of Pennsylvania since 2010, Editor-in-Chief of Long Range Planning 1999–2010, Fellow of the Strategic Management Society, Fellow of Academy of Social Sciences, and Fellow of British Academy of Management.

Emilio Bellini is an Assistant Professor of Leadership and Innovation at the School of Management, Politecnico di Milano, Italy. He is the Co-founder of the LEADIN’Lab, the laboratory for Leadership, Design and Innovation at the School of Management, Politecnico di Milano. He holds a PhD in Management Engineering from the Università di Roma Tor Vergata, Italy. His current research focuses on design-driven innovation in services and the innovation of meaning process.

Sea Matilda Bez is an Associate Professor at the University of Montpellier-MOMA in France and a Member of the research groups Labex Entreprendre, and Montpellier Research in Management. As a Postdoctoral Researcher at the University of California, Berkeley (UC Berkeley), she worked on open-coopetition (open-innovation in collaboration with competitors). She holds a PhD in strategic management from the University of Montpellier. Her research focuses on how competitors can innovate together and share their core competitive advantage transparently.

Marcel Bogers is a Professor of Open and Collaborative Innovation at the Eindhoven University of Technology, at the Innovation, Technology Entrepreneurship and Marketing (ITEM) group (Department of Industrial Engineering and Innovation Sciences). Before, when his work on this volume was conducted, he was a Professor of Innovation and Entrepreneurship at the University of Copenhagen, at the Unit for Innovation, Entrepreneurship and Management (Department of Food and Resource Economics). Currently, he also is an Adjunct Professor at the University of Copenhagen (Faculty of Science) and a Senior Research Fellow at the University of California, Berkeley (at the Garwood Center for Corporate Innovation, Haas School of Business). He obtained a combined BSc and MSc in Technology and Society from the Eindhoven University of Technology and a PhD in Management of Technology from the Ecole Polytechnique Fédérale de Lausanne (Swiss Federal Institute of Technology).

Cinzia Calluso is an Assistant Professor (Research) of Organization Studies at the Department of Business and Management of Luiss University. She studied cognitive psychology at the Gabriele D’Annunzio University of Chieti-Pescara (Italy), where she also got her PhD in functional neuroimaging at the Department of Neuroscience, Imaging and Clinical Sciences. She also studied clinical neuropsychology at the Skinner Institute & European University of Rome, where she got a second-level postgraduate master’s in clinical neuropsychology. She is also a Cognitive Psychotherapist in training at the Italian School of Clinical Cognitivism (SICC) in Rome. Her research is focused on the study of a particular class of organizational behaviors – organizational routines – and their cognitive and neurofunctional counterparts.

Silvia Castellazzi is a Research Fellow at the Department of Management, Economics and Industrial Engineering, Politecnico di Milano, Italy. She has a background in Philosophy and holds a PhD from Zeppelin Universität, Friedrichshafen, Germany. Her current research focuses on innovation and its cognitive antecedents.

Henry Chesbrough is the Faculty Director of the Garwood Center for Corporate Innovation at the Haas School of Business at UC Berkeley and Maire Tecnimont Professor of Open Innovation at Luiss University in Rome. He holds a PhD in business administration from UC Berkeley, an MBA from Stanford University, and a BA from Yale University, summa cum laude. His book Open Innovation (2003) articulates a new paradigm for organizing and managing R&D; his second book, Open Business Models (2006), extends his analysis of innovation to business models, intellectual property management, and markets for innovation; and his third book, Open Services Innovation (2011), explores open innovation in services businesses. His newest book is Open Innovation Results (2019). He received the IRI Medal of Achievement in 2017.

Antonio Daood is a Postdoctoral Research Fellow at the University of Bologna and cooperates with the Centre for Research in Leadership, Innovation, and Organisation (CLIO) at Luiss University. He obtained his PhD at the Sapienza University of Rome, with a thesis on business model innovation and organizational change in SMEs operating in Made in Italy industries. His current research interests are focused on organizational change, business model innovation, and traditional industries.

Lien Denoo is an Assistant Professor in entrepreneurship at Tilburg University’s Department of Management. She got her PhD from Ghent University and previously was a postdoctoral scholar at the University of Southern California. Her research interests include technology-market linking in new ventures, entrepreneurship in nascent industries, and the impact of founder characteristics and resource acquisition processes on new venture start-up and growth. Her dissertation received the Heizer Doctoral Dissertation Award in New Enterprise Development from the Academy of Management’s Entrepreneurship division. Her research was published in the Journal of Business Venturing as well as in several book chapters.

Robert J. Galavan is a Full Professor and holds the Chair in Strategic Management at the National University of Ireland Maynooth. He was the Founding Head of the School of Business at NUI Maynooth and formerly Dean of the Faculty of Social Science. He is a Council Member of the Irish Academy of Management and Chairs the Strategy Significant Interest Group (SIG). He holds an award winning PhD on Strategic Leadership from Cranfield University, a master’s degree in Adult Education and Sustainable Development, and degrees in Strategy and Management.

Luca Giustiniano is a Professor of organization studies in the Department of Business and Management and the Director of CLIO (Center for research in Leadership, Innovation and Organisation) at Luiss University, Rome, Italy. He is an Editorial Board Member of the Journal of Management Studies. During his career, he has been visiting researcher and scholar at the Viktoria Institute (Sweden), the Sauder School of Business (Canada), the Interdisciplinary Centre for Organizational Architecture (Denmark), the Nova SBE (Portugal), and the Waseda Institute for Advanced Studies (Japan). He co-authored Elgar Introduction to Theories of Organizational Resilience (2018). His current research interests are focused on new forms of organizing, organizational paradoxes and metaphors.

Denis A. Grégoire (PhD, University of Colorado – Boulder) holds the Rogers-J.A.-Bombardier Chair of entrepreneurship research and is an Associate Professor of Entrepreneurship and Innovation at HEC Montréal, Canada. His research centers on the cognitive processes supporting the early identification of insightful ideas for new innovative products/services and entrepreneurial projects, entrepreneurs’ decision to expand their firm’s activities in foreign locations, and the contributions of business angels and venture capitalists to the growth of high-potential technology ventures. His research has been published in the Academy of Management Journal, Entrepreneurship Theory and Practice, the Journal of Business Venturing, the Journal of International Business Studies, the Journal of Management Studies, Organizational Research Methods, Organization Science, Small Business Economics, in addition to a few French-language journals. He is currently an Associate Editor at the Academy of Management Journal.

Fredrik Hacklin is a Professor of Entrepreneurship at Vlerick Business School in Brussels and Associate Professor (PD) at ETH Zurich. He further serves as a Member of the Board of Directors at Evli Bank Plc and as a Visiting Faculty at ESMT Berlin. Being a regular speaker and trainer, he has worked with companies such as ABB, Bang & Olufsen, Danone, Deutsche Telekom, Nokia, and UBS and advised organizations such as the European Parliament or the Swiss Federal Department of Foreign Affairs. He holds a PhD in management from ETH Zurich, an MSc in computer science from KTH Royal Institute of Technology Stockholm, and a BSc in computer science and physics from RWTH Aachen.

Tassilo Henike is a Senior Innovation Consultant at ITONICS, a leading provider of Innovation Software and Consulting Solutions. Previously, he was a Teaching Assistant and obtained his PhD at the Chair of Innovation Management and Entrepreneurship, University of Potsdam, Germany. He holds an MSc in Business Administration and Engineering from the Technical University Berlin, Germany. His research concerns how cognitive factors affect innovation behavior, particularly focusing on the emergence of new business models. His research is published in international outlets such as Long Range Planning, the Journal of Business Models, or the Routledge Companion to Innovation Management.

Katharina Hölzle is a Professor and the Head of the research group IT-Entrepreneurship at the Hasso-Plattner-Institute, Faculty of Digital Engineering at the University of Potsdam. Since 2015, she has been the Editor-in-Chief of the Creativity and Innovation Management Journal (Wiley) and editorial board member in various other innovation management journals. She is a Visiting Professor to the University of International Business and Economics in Beijing, to the University of Technology, Sydney, and the Macquarie Graduate School of Management in Sydney. She is a Spokesperson for the Potsdam Graduate School and a Member of the Fulbright commission’s selection committee for PhD grants. She has been the Vice-chair of the Commission of Experts for Research and Innovation (EFI) since May 2019 and a Member of the Hightech Forum of the German Federal Government. Her research focuses on digital entrepreneurship, digital innovation and transformation, and digital ecosystems. She advises young and established companies in the field of technology-driven business model innovation, digitalization, strategic technology, and innovation management and is a mentor to technology start-ups and entrepreneurs.

Ted Ladd is the Dean of Research and a Professor of Entrepreneurship at the Hult International Business School, as well as an Instructor of Platform Entrepreneurship at Harvard University. He has participated in five start-up ventures; the most recent was acquired by Google as the basis for its WearOS software. His research focuses on the design of new ventures, especially multisided platforms. He holds a PhD in Management from Case Western Reserve, an MBA from Wharton at the University of Pennsylvania, an MA from SAIS at Johns Hopkins, and a BA from Cornell.

Lorenzo Massa is Professor and Director of the Business Design Lab at Business School Aalborg University (AAU), Adjunct Faculty at EPFL-EMBA, at the École Polytechnique Fédérale de Lausanne, and member of the Expert Network (Innovation) at the World Economic Forum. He has been the Scientist at the College du Management (CDM) of EPFL, an Adjunct Professor at the University of Bologna (UNIBO), a Visiting Scholar at the Wharton School, University of Pennsylvania (UPENN), a Visiting Researcher at the MIT Sloan School of Management (MIT), and an Assistant Professor at the Vienna University of Economics and Business (WU). He holds graduate degrees with distinctions in Mechanical Engineering from the Dublin Institute of Technology (BEng) and the University of Genoa (MSc Eng) and a master and PhD in Management from IESE Business School.

Somendra Narayan is an Assistant Professor of Strategic Management and Entrepreneurship at the NEOMA Business School in France. He holds a doctorate in Strategic Management from the Rotterdam School of Management, Erasmus University, The Netherlands. Prior to that he has also completed a Master of Science in Management of Technology from the Delft University of Technology (TU Delft) in The Netherlands and a Bachelor of Engineering from the National Institute of Technology – Surat in India. Currently, he serves as an Ad hoc Reviewer for the Journal of Management Studies, Journal of Organizational Change Management, the Asian Academy of Management, and the European Academy of Management.

Ksenia Podoynitsyna is an Associate Professor of Data-Driven Entrepreneurship at JADS, the Joint Graduate School of Tilburg University and Eindhoven University of Technology, The Netherlands. Her research focuses on business models and ecosystems for data-driven and sustainable businesses and employs both qualitative and quantitative methods. She codeveloped two tools that allow to map, design, and analyze business models and ecosystems and that were explicated in publications in Long Range Planning and Journal of Cleaner Production. She has furthermore published in journals such as Journal of Business Venturing, Entrepreneurship Theory and Practice, California Management Review, Journal of Product Innovation Management, Renewable & Sustainable Energy Reviews, Strategic Organization, and Technological Forecasting & Social Change. She received her PhD in entrepreneurship from the Eindhoven University of Technology.

Jatinder S. Sidhu is a Professor of Strategic Management & Organization at the Leeds University Business School (LUBS), University of Leeds, UK. Prior to joining LUBS, he was affiliated as an Associate Professor of Strategic Management to the Rotterdam School of Management, Erasmus University Rotterdam, The Netherlands, which he joined after obtaining his PhD degree at the Tinbergen Institute, Erasmus School of Economics, Rotterdam, The Netherlands. He has served as the National Representative of the Netherlands (2015–2018) at the European Academy of Management (EURAM), and he currently serves as an Associate Editor for European Management Review, EURAM’s peer-reviewed journal.

Yuliya Snihur is an Associate Professor of Strategy, Entrepreneurship, and Innovation at the Toulouse Business School, France. She teaches and studies strategy-formation processes in new ventures and the evolution of strategic management in existing firms based on the analysis of firms’ business models. She is researching the role of time and language in strategy-making by applying theories of organizational imprinting, complexity, and cognitive framing. To this end, she uses hand-collected interview data, fieldwork, and longitudinal datasets to build theory. She has published in journals such as Academy of Management Journal, Journal of Management Studies, Long Range Planning, and Strategic Entrepreneurship Journal. She serves as Associate Editor at Long Range Planning and is a Member of editorial boards at Strategic Organization and Strategic Entrepreneurship Journal. She received her PhD in management from the IESE Business School (Barcelona, Spain), prior to which she worked in corporate finance.

Kristian J. Sund is a Professor of Strategic Management at Roskilde University in Denmark. He is a Co-editor, with Robert Galavan, of the New Horizons in Managerial and Organizational Cognition book series. His research currently focuses on business model innovation, uncertainty, and management education and has recently appeared in outlets like MIT Sloan Management Review and Studies in Higher Education. He holds a Doctorate in Management and Licentiate (MSc) in Economics from the University of Lausanne, and an MA from the Ecole Polytechnique Fédérale de Lausanne (EPFL), where he also completed his postdoc.

Llewellyn D. W. Thomas is an Associate Professor at LaSalle Universitat Ramon Lull (Barcelona) and a Visiting Professor at Imperial College Business School (London). His research interests lie in the coevolutionary processes that lead to successful innovation and entrepreneurship. He focuses on digital economy contexts with an interest in ecosystem creation, evolution, and dynamics. He has published in Journal of Management Studies, Strategic Entrepreneurship Journal, Industrial and Corporate Change, Communications of the ACM, Academy of Management Perspectives, Business Horizons, and Telecommunications Policy. He has a PhD from Imperial College London, an MBA with Distinction from Cass Business School London, and Honors Degrees in both Law and Arts from Sydney University, Australia.

Anneleen Van Boxstael is an Assistant Professor at the Eindhoven Technical University whose research and teaching focus on entrepreneurship, technology innovation, and entrepreneurial strategy. She received the PhD degree in Applied Economics from Ghent University. She takes a special interest in learning and managerial cognition during business founding, in settings of industry evolutions. Currently, she is engaged in innovation studies of music publishing, renewable energy transition, and digitization of business. She also aims to understand programs that shape entrepreneurial ecosystems: user innovations, intermediary organizations, accelerator and incubation programs, communities of practices, advisory and funding programs.

Henk W. Volberda is a Professor of Strategic Management & Innovation at Amsterdam Business School of the University of Amsterdam. Moreover, he is the Director of the Amsterdam Centre for Business Innovation. He has held visiting scholarships at the Wharton School of the University of Pennsylvania, Duke University’s Fuqua School of Business and at Cass Business School in London. He holds various advisory positions such as member of the supervisory board of NXP Semiconductors, The Netherlands, expert member of the World Economic Forum, and fellow of the European Academy of Management. His research on technological disruption, coevolution, new business models, strategic flexibility, and management innovation has led to an extensive number of publications in international peer-reviewed journals including the Academy of Management Journal, Journal of Management, Journal of Management Studies, Journal of International Business Studies, Management Science, Organization Science, and Strategic Management Journal. He is a Member of the editorial boards of Long-Range Planning, Journal of Strategy and Management, Management and Organization Review, and Organization Studies.