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Business model
About: Business model is a research topic. Over the lifetime, 31509 publications have been published within this topic receiving 599504 citations.
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TL;DR: In this paper, the authors present a review of the business model literature from which a generic business model framework is derived, identifying and introducing the main elements of these processes as the firms' focus, modus and locus.
Abstract: New technology-based firms, particularly those that develop their business around a new technological platform, are likely to be impacted by globalization, in terms of both pace of innovation and pressure of competition. For these firms, strategic decisions and growth processes are characterized by a deep inter-relationship amongst the processes of internationalization, innovation and entrepreneurship; processes which have tended to be examined independently in distinct bodies of literature. In practice strategic decisions concern each of these processes and address issues such as organizational boundaries, location of the operational activities, what activities to focus on and selection of value partners. The business model by which firms operate needs also to accommodate the spatial dimensions indicated by globalization; and the emergence of global technology markets. Little is known to date about the extent to which business models accommodate or are adapted to internationalization, innovation and entrepreneurship. This paper presents a review of the business model literature from which a generic business model framework is derived, identifying and introducing the main elements of these processes as the firms’ focus, modus and locus. This contribution makes a clear distinction between the business model and the strategy concepts and highlights the relevance of location decisions—not considered by extant business model literature to date. While our discussion draws on the high technology new venture as our primary example, we believe our business model conceptualization has general applicability.
347 citations
TL;DR: In this article, the authors analyze the strategies of software firms that have entered the open source (OS) field and examine the determinants of the degree of openness toward OS and discuss the stability of hybrid models in the evolution of the industry.
Abstract: The paper analyzes the strategies of software firms that have entered the open source (OS) field. The notion of the OS business model is discussed in the light of a substantial body of theoretical literature concerning strategic management and the economics of innovation, as well as specialized literature on OS. Empirical evidence based on a survey of 146 Italian software firms shows that firms have adapted to an environment dominated by incumbent standards by combining the offering of proprietary and OS software under different licensing schemes, thus choosing a hybrid business model. The paper examines the determinants of the degree of openness toward OS and discusses the stability of hybrid models in the evolution of the industry.
346 citations
TL;DR: In this article, the authors delineate a future research agenda for business models, and draw inspiration from the direction of business model research by reviewing several distinct bodies of literature adjacent to the business model literature including new organizational forms, ecosystems, activity systems, and value chain.
Abstract: Anchored in our research on business models, we delineate in this article a future research agenda. We establish that the theoretical and empirical advancements in business model research provide solid conceptual and empirical foundations on which scholars can build in order to explore a range of important, yet unanswered research questions. We draw inspiration on the direction of the business model research agenda by briefly reviewing several distinct bodies of literature adjacent to the business model literature including new organizational forms, ecosystems, activity systems, and value chain. In doing so, we also distinguish the business model concept from seemingly similar concepts that have been proposed by researchers.
346 citations
TL;DR: In this paper, the authors compared the similarities and differences of the P2P energy trading trails in different regions of the world and showed that although many of the trails focus on the business models acting similarly to a supplier's role in the electricity sector, it is also necessary to design the necessary communication and control networks that could enable P2PCE energy trading in or among local microgrids.
345 citations
TL;DR: In this article, the authors examine the role of the Internet in marketing in the context of business models that are economically viable and raise questions regarding the degree to which the Internet is genuinely different and whether it will be a boon to consumers and investors.
Abstract: The authors examine the role of the Internet in marketing in the context of business models that are economically viable. This examination raises questions regarding the degree to which the Internet is genuinely different and whether it will be a boon to consumers and investors. Economic necessity associated with the need to obtain and maintain profit streams suggests that Internet markets will likely be more similar to than different from traditional markets. The authors challenge assumptions regarding the role of the Internet in creating frictionless markets that benefit consumers and the role of personal information and privacy on the Internet that are necessary conditions for potentially profitable business models. The authors also discuss subsidization of Internet businesses in the context of public policy and examine other issues related to the relationship of current models of Internet business to public policy and consumer welfare.
345 citations