Challenges in building innovative business models

Author(s)	Vijayalakshmi Duraisamy
Country	United States
Abstract	Innovation in business models has emerged as a critical factor for achieving competitive advantage in the digital economy as markets become more dynamic and customer preferences evolve rapidly traditional business models often fail to keep pace while the rewards of innovating business models can be substantial including first-mover advantage operational efficiency and market disruption the process is complex multidimensional and fraught with challenges this paper provides a comprehensive analysis of the core barriers to business model innovation bmi including organizational financial technological strategic and regulatory obstacles each challenge is analysed in depth supported by real-world examples and case studies the paper also suggests practical frameworks and mitigation strategies for overcoming these barriers.
Keywords	Cultural Resistance, Design, Resource Constraint, Technology Complexity, Market uncertainty, legal barriers.
Field	Engineering
Published In	Volume 16, Issue 2, July-December 2025
Published On	2025-10-16
Cite This	Challenges in building innovative business models - Vijayalakshmi Duraisamy - IJAIDR Volume 16, Issue 2, July-December 2025. DOI 10.71097/IJAIDR.v16.i2.1579
DOI	https://doi.org/10.71097/IJAIDR.v16.i2.1579
Short DOI	https://doi.org/g96262

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Journal of Advances in Developmental Research