Business process analyzed factors affecting business model innovation

All businesses from an organization use a particular business model which may either externally or internally defined. A business model describes architecture of creation of services, delivery and capture mechanisms for employed business used in an organization. For a source of competitive environment, a business model must be a good logical way of doing business. Increasing heterogeneity of resources or technologies may be affecting firms' innovation that has led to the knowledge created out of the companies achieving greater importance. Innovation can work as central role for integrating inner and outer sources of technological capabilities with other competitive forces. Business model innovation involves designing a modified business processes from existing working system or newly developed system. In this paper steps to be followed for innovation indicates analyzing different types of business activity with its interdependencies and governance among other activities. This paper focuses on the list of external and internal factors affecting different types of innovation of business model as per the types of business process structure.