publication . Article . Other literature type . 2014

Conceptualising Business Models: Definitions, Frameworks and Classifications

Erwin Fielt;
Open Access English
  • Published: 18 Aug 2014 Journal: Journal of Business Models (issn: 2246-2465, eissn: 2246-2465, Copyright policy)
  • Publisher: Aalborg University Press
Abstract
The business model concept is gaining traction in different disciplines but is still criticized for being fuzzy and vague and lacking consensus on its definition and compositional elements. In this paper we set out to advance our understanding of the business model concept by addressing three areas of foundational research: business model definitions, business model elements, and business model archetypes. We define a business model as a representation of the value logic of an organization in terms of how it creates and captures customer value. This abstract and generic definition is made more specific and operational by the compositional elements that need to a...
Subjects
free text keywords: business model, business model classification, business model concept, business model definition, business model element, business model framework, customer value, value creation, Business, HF5001-6182
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