How do technical factors affect the traditional business model? Does technology often become the cause of destructive business models?

In the research of innovation, technological innovation and business model innovation are often treated differently or even opposed. By analyzing the concept of innovation, the traditional concept of innovation is extended to all the improvement activities of the system; Therefore, both technological innovation and business model innovation can be expressed as a complex dynamic innovation process composed of three elements: resources and capabilities, decision-making and value results.

Driven by their own goals and constrained by their own resources, each subject constantly breaks through resource constraints and goals and creates better new products, new processes and new services through individual and interactive innovative behaviors. Combining technological innovation with business model innovation is helpful to describe and analyze innovation more quantitatively and formally.