• Richard Stechow Brandenburg University of Technology, Cottbus-Senftenberg, Cottbus
  • Magdalena Mißler-Behr Brandenburg University of Technology, Cottbus-Senftenberg, Cottbus
Keywords: Industry 4.0, industrial Internet, business model, innovation


As the development of Industry 4.0 is predicted to disrupt the current industrial system, newer research studies need to focus increasingly on analyzing the resulting economic implications of these technological changes. One of the most important topics in this context is the influence of Industry 4.0 on business models (BM) and business model innovation (BMI), since for most firms, a change of their extant business model or a completely new business model is needed to fully capture the opportunities offered by the Industry 4.0.

This paper analyzes the existing literature to identify, address and examine the major outcomes, similarities and differences of the important studies, allowing for better description of the current state-of-the-art regarding the influence of the Industry 4.0 on contemporary BMs. Based on this, reoccurring core concepts such as data-centricity, efficiency and individualization, servitization, value networks and platform-based BM are identified and their impacts as well as implications for future research are outlined. To gain additional insights, the use cases of the most prominent business model frameworks in the context of the Industry 4.0 are illustrated and compared side-by-side, highlighting their specific applications, benefits, and limitations.


Download data is not yet available.

Author Biographies

Richard Stechow, Brandenburg University of Technology, Cottbus-Senftenberg, Cottbus

PhD student at Brandenburg University of Technology, Germany,

interests – Supply Chain Management, Industry 4.0, Logistics, Innovation

Magdalena Mißler-Behr, Brandenburg University of Technology, Cottbus-Senftenberg, Cottbus

PhD., professor in Brandenburg University of Technology, Germany,

Scientifica interests are mathematical economics, business administration, and entrepreneurial economics.

Published more than 50 research papers in International journals, avtively participated in more than 100 international conferences, head of international knowledge transfer and students exchange programs


Kagermann, H. (2015). Change Through Digitization – Value Creation in the Age of Industry 4.0. In: Albach, M. and Pinkwart, R. (eds.). Management of Permant Change, Springer Fachmedien, Wiesbaden.

Osterwalder, A., & Pigneur, Y. (2010). Business model generation: a handbook for visionaries, game changers, and challengers, John Wiley & Sons.

Arnold, C. et al. (2016). How Industry 4.0 changes business models in different manufacturing industries. ISPIM Innovation Symposium. The International Society for Professional Innovation Management (ISPIM).

Burmeister, C. et al. (2016). Business Model Innovation for Industrie 4.0: Why the "Industrial Internet" Mandates a New Perspective on Innovation. Die Unternehmung. 72(2), 124-152.

Casadesus-Masanell, R. & Ricart, J.E. (2010). From Strategy to Business Models and onto Tactics. Long Range Planning 43(2), 195-215.

Ehret, M. & Wirtz, J. (2016). Unlocking value from machines: business models and the industrial internet of things. Journal of Marketing Management, 33(1-2), 111-130.

Kiel, D. et al. (2016). The impact of the industrial internet of things on established business models. Proceedings of the 25th International Association for Management of Technology (IAMOT) Conference.

Laudien, S. M. & Daxböck, B. (2016). The influence of the industrial internet of things on business model design: a qualitative-empirical analysis. International Journal of Innovation Management. 20(8)

Teece, D. J. (2010). Business models, business strategy and innovation. Long range planning, 43(2), 172-194.

Vandermerwe, S., & Rada, J. (1988). Servitization of business: adding value by adding services. European management journal, 6(4), 314-324.

Weill, P., & Woerner, S. L. (2015). Thriving in an increasingly digital ecosystem. MIT Sloan Management Review, 56(4), 27-34.

Weinberger, M. et al., (2016). IoT business models in an industrial context. IoT business models in an industrial context. Automatisierungstechnik, 64(9), 699-706.

Zott, C., and Amit, R. (2010). Business model design: an activity system perspective. Long range planning, 43(2), 216-226.

Mellor, S. et al. (2016). The Industrial Internet of Things, Volume B01: Business Strategy and Innovation Framework. Online:

Schlaepfer, R. et al., (2014). Industry 4.0 challenges and solutions for the digital transformation and use of exponential technologies. Online:

Abstract views: 303
PDF Downloads: 128
How to Cite
Stechow, R., & Mißler-Behr, M. (2017). STATE-OF-THE-ART AND FURTHER DEVELOPMENTS IN BUSINESS MODEL RESEARCH FOR INDUSTRY 4.0. The EUrASEANs: Journal on Global Socio-Economic Dynamics, (6(7), 51-57.