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What is the concept of business model in the literature ? 


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The concept of a business model (BM) in the literature is multifaceted and has evolved over time, reflecting a variety of perspectives and dimensions. Initially, BMs were broadly understood as a scientific method for fostering creativity and innovation in establishing successful businesses, emphasizing the importance of defining characteristics such as customers, distribution, value, resources, activities, cost, and revenue . This foundational view has been expanded upon by identifying three basic theoretical approaches to BMs, which include a range of concepts and chronological developments . Research has systematically categorized BMs into key areas, grouping them into domains such as BM terminology, factors, outcomes and impacts, and concept application and transfer, highlighting the breadth of the field and the need for further exploration . The literature also points to the crucial role of BMs in business operations and strategy, especially in the context of innovation, which can significantly enhance business performance . This is supported by the examination of BM innovation (BMI) as part of a company's broader business strategies, focusing on value creation and capture in various economic, social, and environmental settings . Despite the growing body of literature, there remains a lack of consistency in defining BMs, with studies identifying gaps in definitions, dimensions, antecedents, outcomes, variables, and boundaries . The exploration of business model archetypes (BMA) reveals a similar issue, with a noted lack of clarity and universal applicability in existing definitions and classifications, particularly in fields such as sustainability and the circular economy . Recent efforts aim to systematize the knowledge around BMI processes, developing frameworks to categorize different types of BMI processes and their interrelations, thereby addressing some of the identified research gaps . In summary, the concept of a BM in literature is characterized by its emphasis on innovation, value creation, and strategic importance in business success, yet it is also marked by ongoing debates over definitions and frameworks, underscoring the dynamic and evolving nature of the field .

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The concept of a business model in the literature refers to a systematic review of BMI processes, categorizing types and sub-processes, and exploring future research directions for BMI scholars.
The concept of a business model is defined through four dimensions: value, modeling principles, function, and strategy, as identified in the literature through content analysis.
The literature lacks a clear and universally applicable definition of business model archetypes, with a focus on sustainability, circular economy, and business model innovation in specific business fields.
The concept of a business model in the literature is evolving with various qualitative research defining and developing frameworks, lacking a consensus on its precise definition and structure.
The literature lacks a universal definition of Business Model Archetypes (BMA), with varying interpretations among authors, emphasizing the need for a clear and universally applicable classification.
OtherDOI
25 Feb 2022
Business models in literature encompass value creation and capture strategies, emphasizing innovation and alignment with business tactics, as outlined in the academic literature on business models.
The concept of a business model in the literature emphasizes value identification, creation, delivery, and capture, along with transaction and strategy components for business model development.
The concept of business models in literature encompasses terminology, factors, outcomes, and application, with 10 key research areas identified for future exploration and research directions.
Journal ArticleDOI
29 Jan 2021
3 Citations
The concept of a business model in literature refers to a systematic approach involving resources, activities, and value creation for customers, essential for business success and innovation.
The literature distinguishes various business model concepts, presenting three theoretical approaches and their associated models, along with a chronological overview of developments in the field.

Related Questions

What is a start up business model?4 answersA start-up business model is a crucial framework that new companies utilize to establish and grow their ventures effectively. It involves elements like the product or service offered, target market, customer relationships, available resources, key activities, revenue streams, and cost structures. Business model innovation, particularly focusing on elements like customer, value proposition, value chain, and revenue mechanism, plays a significant role in the success and resilience of start-ups. Modern business models, such as the Business Model Canvas, provide a structured approach for start-ups to evaluate their effectiveness, investment attractiveness, and value creation for stakeholders. Survival in changing environments is a primary objective for start-ups, emphasizing the need for adaptable stable systems based on synchronous business models.
What is an e-commerce business model?5 answersAn e-commerce business model refers to the process of conducting commercial activities online or through electronic means, allowing organizations to engage in global markets. It involves selling and buying products and information via the internet without being limited by geographical boundaries. E-commerce has revolutionized traditional business operations by enabling online financial transactions and altering the way businesses are structured and operated. Digital business models, including e-commerce, present unique challenges and characteristics compared to traditional models, emphasizing the importance of understanding how value is created and captured in the digital realm. Academic research highlights the significance of comprehending the evolving nature of e-commerce, its various models, and the emerging trends and challenges within the global e-commerce marketplace.
What is business model concept?5 answersA business model is a conceptual framework that describes how a company generates value, manages its resources, and makes money. It encompasses various aspects such as sales, cost-effectiveness, investment, financing, and the achievement of cohesion in financial, environmental, and social areas. The concept of a business model is based on the detailed architecture of a company's activities aimed at obtaining profit and maintaining a competitive status. It takes into account factors such as complexity, situationality, evolution, and practical implementation. A business model should be based on material resources, key competencies, and the enterprise's place in the consumer value chain. It should also consider the chaotic and changing business environment and be clear for practical implementation. Business models play a crucial role in defining and implementing strategic business goals and are becoming increasingly important for gaining competitive advantage.
What is the overview of business model innovations?5 answersBusiness model innovation is a topic of interest in academic research, particularly in the context of digital technologies and the dynamic business environment. It involves continuously adapting and creating value in new ways to meet changing customer requirements and remain competitive. Firms can approach business model innovation through experimentation, open and disruptive innovations, and by modifying single or multiple elements of their business models. The development of business model innovations is crucial in the digitalization of the economy, surpassing the interest in product and process innovations. Start-ups, in particular, can benefit from business model innovation as it provides resilience and long-term success, and many start-ups nowadays are pursuing complex business model innovations. Overall, business model innovation is a strategic and organizational challenge that requires firms to respond to disruptive business models, compete with dual business models, and migrate from one business model to another.
What is business model innovation?5 answersBusiness model innovation refers to the introduction of new and different ways of conducting business compared to existing models in the same field. It involves making changes to one or more core elements of a business model, such as the customer, value proposition, value chain, or revenue mechanism. Research suggests that business model innovations are more resilient and successful in the long term compared to traditional types of innovation. Start-ups, in particular, are increasingly focusing on business model innovation to grow and scale up under conditions of uncertainty. Established firms also face challenges in business model innovation, such as responding to disruptive models or migrating from one model to another. Business model innovation is seen as a way to achieve corporate sustainability by integrating sustainability principles into companies' activities and extending value creation to non-financial stakeholders. Overall, business model innovation plays a crucial role in the success of digital ventures in highly competitive environments.
What is business model in startup?3 answersA business model in a startup refers to the structure and strategy that the startup uses to create, deliver, and capture value. It outlines how the startup will generate revenue, acquire customers, and sustain its operations. The business model is a crucial aspect of a startup's success, as it determines the startup's ability to attract investors, scale its operations, and achieve profitability. The business model of a startup can vary depending on factors such as the industry, market conditions, and the startup's unique value proposition. It is important for startups to carefully analyze and refine their business models to ensure they are aligned with their goals and market opportunities.

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