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Regular Papers

Changing industrial trajectories through business model innovation: a case study of the oil and gas industry in Norway

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Pages 1555-1574 | Received 12 Jul 2022, Accepted 21 Feb 2023, Published online: 06 Mar 2023

Figures & data

Figure 1. The oil and gas industry landscape influencing business model innovation. Business models consist of nine building blocks (as depicted in the middle of the figure): key partners (KP), key activities (KA), key resources (KR), value proposition (VP), customer relationships (CR), customer segments (CS), channels (CH), cost structure (C$), and revenue streams (R$). Author's own compilation based on Osterwalder and Pigneur Citation2010, 201.

Figure 1. The oil and gas industry landscape influencing business model innovation. Business models consist of nine building blocks (as depicted in the middle of the figure): key partners (KP), key activities (KA), key resources (KR), value proposition (VP), customer relationships (CR), customer segments (CS), channels (CH), cost structure (C$), and revenue streams (R$). Author's own compilation based on Osterwalder and Pigneur Citation2010, 201.

Figure 2. Barriers in the process of business model innovation. The barriers are colour-coded: dark blue = organizational barriers, light blue = cognitive barriers, grey = additional barriers. Source: Osterwalder and Pigneur (Citation2010), 249. Author's own compilation based on the findings.

Figure 2. Barriers in the process of business model innovation. The barriers are colour-coded: dark blue = organizational barriers, light blue = cognitive barriers, grey = additional barriers. Source: Osterwalder and Pigneur (Citation2010), 249. Author's own compilation based on the findings.