%0 Journal Article %A Yung C. Ho and Hui C. Fang and Ming J. Hsieh %D 2011 %J International Journal of Mechanical and Industrial Engineering %B World Academy of Science, Engineering and Technology %I Open Science Index 53, 2011 %T The Relationship between Business-model Innovation and Firm Value: A Dynamic Perspective %U https://publications.waset.org/pdf/3428 %V 53 %X 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. %P 599 - 607