Knowledge Tree
novelty
Facts (14)
Sources
Business ecosystems as a way to activate lock-in in business models link.springer.com Mar 28, 2025 12 facts
claimUnder intense competition, firms are more likely to perform highly if they combine novelty with either a cost-leadership or differentiation product market strategy.
claimNovelty in a business model may be relative to the firm pursuing it, the firm's industry, or the world itself.
accountSpotify activated the novelty and efficiency business model themes during the market entry of its music streaming service (Rayna & Striukova, 2016).
claimAmazon's second business model (the digital marketplace) activated novelty, efficiency, and complementarity themes, eventually creating indirect network effects that locked in both third-party sellers and customers.
claimBusiness model theory identifies four primary themes of value creation and appropriation: novelty, efficiency, complementarity, and lock-in.
claimManagers of pioneer firms must plan for the long-term deployment of their business models, which evolves from novelty and efficiency to the simultaneous activation of lock-in and complementarity.
claimFuture research is needed to understand the interactions between lock-in mechanisms and other business model themes, specifically novelty, efficiency, and complementarity.
claimNespresso maintains a competitive advantage in the coffee business ecosystem by utilizing a model based on novelty and efficiency, which creates a lock-in effect for consumers through brand trust, awareness, and sunk costs.
claimHigh firm performance is achieved through the combination of novelty with lock-in, or efficiency with complementarity and lock-in (Kulins et al., 2016).
claimThere are four distinct business model themes: novelty, efficiency, complementarity, and lock-in.
claimAmazon's initial bookselling business model activated novelty and efficiency themes relative to the existing offline marketplace model embodied by Walmart.
claimTo drive firm performance, a business model architecture must be configured to activate one or more of the following themes: novelty, efficiency, complementarity, and lock-in.
Effects of psychedelics on neurogenesis and broader neuroplasticity link.springer.com Dec 19, 2024 1 fact
perspectiveThompson et al. (2012) suggested that further research is needed to determine if norepinephrine transporter (NET) upregulation is associated with morphological changes and cognitive/behavioral changes related to novelty.
Panpsychism - Stanford Encyclopedia of Philosophy plato.stanford.edu Jul 18, 2017 1 fact
referenceWilliam James published the chapter 'Novelty and Causation: The Perceptual View' in the book 'Some Problems of Philosophy' through Longmans, Green & Co. in 1911.