The business model represents the strategic choices made by a company, as well as the operational implications they present. It constitutes a holistic and systematic way of analyzing and describing the methods and means by which a business operates.

The importance of a business model is evidenced by the fact that it serves as the core and guide of each strategy, as well as the way to decode, understand, and effectively communicate it, both within the company and throughout the entire ecosystem with which it interacts.

This particular book presents the development and empirical application of a conceptual framework for assessing the innovation of the business models of small and medium-sized enterprises, while simultaneously examining the influence of organizational design as a key driver of business excellence.

It also analyzes the prospects and contemporary trends of business model innovation, while providing an empirical application on a sample of Greek small and medium-sized enterprises. The new chapters of the 2nd improved edition present in detail the business models and the way they connect to the sustainable development of businesses.

Emphasis is placed on open innovation and the crucial role it plays in the introduction of new business models. Moreover, the organizational dimension of business models is analyzed, mainly their connection with strategy, organizational structure, leadership, and the capabilities of businesses.

The book is targeted towards undergraduate and postgraduate students dealing with issues of innovation and entrepreneurship, as well as researchers and executive professionals in businesses and organizations.