Business Models and Innovative Technologies for SMEs

Business Model Innovation for Mobile Application Development for SMEs in Response to Disruptive Innovation

Author(s): Errol Francke * .

Pp: 1-23 (23)

DOI: 10.2174/9789815196719123010003

* (Excluding Mailing and Handling)

Abstract

The central proposition of this chapter is that a multi-factorial strategy model can be evolved to support mobile application development for SMEs in response to disruptive innovation through business model innovation. Artificial Intelligence is often regarded as a significantly disruptive technology impacting many industries today. AI is penetrating many sectors and transforming the tasks performed by computers. This chapter rests on two principles: the discovery of business model innovation and the type of disruption of SMEs in the mobile application sector. The fieldwork for this chapter consists of four phases. The findings and interpretations presented in this chapter imply that the rise of disruptive innovation has sparked technological advancement, which will affect SMEs in South Africa. SMEs should transition to a progressive interdependent modality where they participate using their shared strengths, according to the concept of business model innovation. They could mitigate their weaknesses by working with other mobile app development SMEs. The value of the principles' synergistic relationship has finally been revealed in the chapter. The Disruptive Innovation State Response Model and the Disruptive Innovation Praxis Model were created by this research as responses to its main thesis. A development agency, businessperson, technologist, venture capitalist, etc. could use these models to determine the state that the business recognizes itself in and, employing its use, generate a response that is suitable according to the chapter's final proposition.


Keywords: Artificial Intelligence, Business Model, Business Model Innovation, Commercialization, Disruptive Innovation, Disruptive Technology, Mobile Computing, Multi-Factorial Strategy Model, Praxis Model, Small Business, Strategy, Technology Innovation.

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