Open Principles in New Business Models for Information Systems

Research output: Contribution to journalReview articleResearchpeer-review

Abstract

Open source software and open innovation are an important resource for today’s industries. Communities collaboratively create different kind of publicly available value, boosting innovation and also technology. However, whereas this value is generated and captured by various involved parties, the outcomes are, in many cases, commercialized by companies who build their business models on this openness. Thus, current business model representations used for these open systems mainly focus on the commercial side of companies, not directly regarding the value creation and distribution by the underlying communities. This results in a lack of potential representation of alternative value created by individuals and communities that are not necessarily aiming for direct monetary compensation. In this work, we show, by the example of open source projects, how communities create value and their potential to be represented by the upcoming domain of new business models. The emerging idea of new business models, based on sharing, collaboration, and the circular economy, not only considers economical viewpoints, but also social and ecological. New trends in research are intensively starting to investigate these models and how they can be brought to practice. The co-creation of value, collaboration of various actors, and following a shared vision are just some of the identified overlaps that are also essential for a potential representation of open communities. This first review unveils that new business models and open source software projects have a variety of aspects in common. We highlight the potential of open communities to be seen as new business models themselves, instead of just being a pure enabler for firms’ business models. This approach is leaving room to explore new organizational and economical aspects of open ecosystems, enhancing the understanding of co-creative communities and the definition of collaborative value.
LanguageEnglish
Article number6
Number of pages13
JournalJournal of Open Innovation: Technology, Market, and Complexity
Volume5
Issue number1
DOIs
StatusPublished - 2019

Fingerprint

Business model
Information systems
New business
Open source software
Open source
Ecosystem
Boosting
Industry
Resources
Innovation
Shared vision
Value creation
Open innovation
Circular economy
Open systems
Openness
Enablers
Co-creation of value

Keywords

  • Information systems
  • New business models
  • Open innovation
  • Open source software
  • Value co-creation

ASJC Scopus subject areas

  • Economics, Econometrics and Finance(all)
  • Development
  • Sociology and Political Science

Cite this

Open Principles in New Business Models for Information Systems. / Müller, Matthias; Vorraber, Wolfgang; Slany, Wolfgang.

In: Journal of Open Innovation: Technology, Market, and Complexity, Vol. 5, No. 1, 6, 2019.

Research output: Contribution to journalReview articleResearchpeer-review

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