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Keywords

core competence, manufacturing enterprises, business model innovation

Abstract

Based on the perspective of core competence,this paper takes internal and external situational driving forces as the driving factors for business model innovation,and explores the "top-down"and "bottom-up"business model innovation through vertical case studies on the business model innovation of Shenyang Machine Tools in different stages from 2002 to 2018.It is found that under different circumstances,Shenyang Machine Tools will cultivate different core competencies to promote business model innovation,thus forming a new business model.The successful practice of business model innovation in different stages of Shenyang Machine Tools has provided some enlightenment for other manufacturing enterprises to explore new business model.

DOI

10.16315/j.stm.2020.04.003

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