A framework for business model with strategic innovation in ICT firms: the importance of information

Purpose – What is a business model framework with the strategic innovation approach in the SMEs of ICT industry? What are the components of this model and the relations between them? Business model is a logical response to how a business can create value. Changing business environment means that business models are rapidly growing; accordingly, innovation is no longer optional. However, innovation is important in general, but the kind of innovation that is widely and directly dependent on business model will be quite critical for all parts of the organization. In fact, Business Model Innovation is an exquisite technic to create, deliver, and earn value by changing one or more components of a typical business model. Design/methodology/approach – The present paper focuses upon SMEs in ICT. Grounded Theory had used for this purpose with 15 interviews. Findings – Emerging market is the market in which commercial exchanges of a particular industry between the countries are relatively new but with great investment attractiveness and also a high potential to grow (such as Iran).Since the ICT industry of Iran is a leader industry, and the country itself is an emerging market, the main purpose of this study is to provide a framework for designing an innovative information-based business to help fledgling businesses development in ICT industry of Iran. Originality/value – The purpose for writing the article is to help accurate and distinct understanding of the business model concept and critical steps in designing an appropriate business model. The conducted studies that simultaneously dealt with the business model and strategic innovations are few and there was no research observed in Persian sources by the time the proposal was written