Review of literature on business models and innovation

Abstract

Businesses has face some challenge in developing new service without the aids of business models and innovation which is an essential task for many companies, driven by technological advances, using the literatures from previous researchers in identifying the key elements of some business model developed for easing creation of value and co-values. The paper heighted some friendly and applicable business models and develop innovation through the application framework by well know author‟s that are cited in many of today modern knowledge lead like Scopus, Web of science and Science direct in other to create agender for future researchers on the need areas for focusing and embedded new knowledge that can reduces the fall down of businesses or bankruptcy.