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The Impact of Business Model Innovation on Corporate Performance: Taking BYD as an Example
- 1 School of Accountancy, Shanghai University of Finance and Economics, Shanghai, China
* Author to whom correspondence should be addressed.
Abstract
In the context of intensified global market competition and rapid technological development, business model innovation has become a core issue in corporate strategic management. Therefore, it is of great significance to explore the impact of business model innovation on corporate performance. Taking BYD as an example, this article first summarizes BYD's business model innovation measures from the three dimensions of value discovery, value creation, and value realization. Secondly, this article analyzes the impact of its business model innovation on financial and non-financial performance. The results show that at the financial level, profitability, operating capacity, and growth capacity have been positively promoted by business model innovation. However, the accompanying debt pressure also poses a certain challenge to its debt repayment ability and increases financial risks. At the non-financial performance level, BYD's brand awareness and market share have both achieved significant improvements, reflecting the fact that its competitive position in the market has been strengthened. Based on the above analysis, this article believes that business model innovation is an important driving force for enhancing the core competitiveness of enterprises, and scientific and reasonable business model innovation has a positive impact on the performance of enterprises in all aspects.
Keywords
Business model innovation, Corporate performance, BYD
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Cite this article
Liu,W. (2025). The Impact of Business Model Innovation on Corporate Performance: Taking BYD as an Example. Advances in Economics, Management and Political Sciences,166,46-56.
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Volume title: Proceedings of the 4th International Conference on Business and Policy Studies
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