Business model innovation with platform canvas

Krista Sorri, Marko Seppänen, Kaisa Still, Katri Valkokari

Research output: Contribution to journalReview Articlepeer-review

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Abstract

Purpose: This paper offers a literature review and explores a business model innovation for platform business. It also suggests a practical tool, Platform Canvas, to support implementation activities.

Design/Methodology/Approach: A literature review was conducted in fall 2016 that resulted in the tentative canvas approach, which was evaluated in seven real company cases.

Findings: The study identified the eight most important characteristics of a platform business model innovation. To support the innovation and development of successful business models in a platform ecosystem, the Platform Canvas tool was created. With guiding questions, Platform Canvas allows for an ecosystemic approach to business model innovation: it helps to understand the value creation and capture for multiple actors.

Originality/Value: The unique result is a practical tool, Platform Canvas, which facilitates business model creation in platform ecosystems.
Original languageEnglish
Pages (from-to)1-13
Number of pages13
JournalJournal of Business Models
Volume7
Issue number2
DOIs
Publication statusPublished - 10 Sept 2019
Publication typeA2 Review article in a scientific journal

Keywords

  • Business model
  • Ecosystem
  • Literature review
  • Platform
  • Platform Canvas

Publication forum classification

  • Publication forum level 1

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