@article{(Open Science Index):https://publications.waset.org/pdf/3428, title = {The Relationship between Business-model Innovation and Firm Value: A Dynamic Perspective}, author = {Yung C. Ho and Hui C. Fang and Ming J. Hsieh}, country = {}, institution = {}, abstract = {When consistently innovative business-models can give companies a competitive advantage, longitudinal empirical research, which can reflect dynamic business-model changes, has yet to prove a definitive connection. This study consequently employs a dynamic perspective in conjunction with innovation theory to examine the relationship between the types of business-model innovation and firm value. This study tries to examine various types of business-model innovation in high-end and low-end technology industries such as HTC and the 7-Eleven chain stores with research periods of 14 years and 32 years, respectively. The empirical results suggest that adopting radical business-model innovation in addition to expanding new target markets can successfully lead to a competitive advantage. Sustained advanced technological competences and service/product innovation are the key successful factors in high-end and low-end technology industry business-models respectively. In sum up, the business-model innovation can yield a higher market value and financial value in high-end technology industries than low-end ones.}, journal = {International Journal of Mechanical and Industrial Engineering}, volume = {5}, number = {5}, year = {2011}, pages = {599 - 607}, ee = {https://publications.waset.org/pdf/3428}, url = {https://publications.waset.org/vol/53}, bibsource = {https://publications.waset.org/}, issn = {eISSN: 1307-6892}, publisher = {World Academy of Science, Engineering and Technology}, index = {Open Science Index 53, 2011}, }