Different coupling of business model innovation system across Chinese listed oil companies

Abstract

ABSTRACT The analysis of coupling and coordination within the business model innovation system of petroleum companies, especially in the context of Chinese petroleum companies, is crucial for enhancing their competitiveness. Using the entropy method and a coupling coordination model with data from 2015 to 2019, this study quantifies the levels of coupling and coordination within the business model innovation system of Chinese petroleum companies. We also examine spatial disparities and disparities along the industrial chain. The findings reveal that: 1) The value creation, transmission, and acquisition subsystems within the petroleum business model innovation system are highly coupled but lack inter-subsystem coordination. 2) Regional differences in the coupling and coordination of petroleum companies’ business model innovation systems are evident. The northeast China and central China show the highest coupling, while the South China and North China have lower coupling. Additionally, South China and Northwest China exhibit superior coupling coordination compared to the relatively weaker coordination in Northeast China. 3) Business model innovation systems vary across different industrial chain segments in the petroleum industry. Downstream companies show the best coupling coordination while upstream systems exhibit relatively weaker coordination. 4) Substantial disparities in core innovation system elements are evident across regions and industrial chain segments, underscoring the need for tailored development strategies and regulatory policies for the petroleum industry.