What is the concept of business model in the literature ?
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 .
Answers from top 10 papers
Papers (10) | Insight |
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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. | |
20 Citations | 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. | |
4 Citations | 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. | |
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. | |
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. |