Title: Modelling firm-level innovation value chain

Authors: Shimelis Tilahun; Eshetie Behan

Addresses: Faculty of Mechanical and Industrial Engineering, Bahir Dar Institute of Technology, Bahir Dar, Ethiopia ' School of Mechanical and Industrial Engineering, Addis Ababa Institute of Technology, Addis Ababa University, Addis Ababa, Ethiopia

Abstract: Innovation is known in the literature as a deliberate act of firms' creativity in the intentional and unintentional knowledge management process for the success of business ventures. The innovation value chain has represented in place of the innovation process with a depth view of knowledge production and management through recursive acts. It has also been seen as the firm's creative path to achieve a financial objective through the value capturing process. This study has gone through a fused approach of innovation value chain with the knowledge management process and business model innovation. The new approach has filled a literature gap that comprehends the innovation value chain and business model as independent elements of entrepreneurship. The study has also contributed a methodological approach that can resolve the criticisms of process-based innovation studies. Based on simulation results staying a long time in the imitation process may cause firms to become colonised on imported technologies.

Keywords: knowledge management process; KMP; business model innovation; BMI; innovation process; IVC canvas model; knowledge spillover.

DOI: 10.1504/IJBIR.2024.141620

International Journal of Business Innovation and Research, 2024 Vol.35 No.2, pp.238 - 276

Received: 20 Jul 2020
Accepted: 21 May 2021
Published online: 27 Sep 2024 *

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