The Constructs of a Business Model Redefined: A Half-Century Journey

Roger on 30/12/2020

The Constructs of a Business Model Redefined: A Half-Century Journey

Despite its growing popularity, the term business model has not been uniquely defined so far. Within the management
science and practice, it has been frequently confused with other popular terms. This article aims to bring clarity into what stands behind the business model concept by providing a review of the most common themes used in defining business model elements. It also discusses the relationship between the concept of a business model, on one hand, and strategy and sustainability, on the other. A few conclusions emerge. First, although there are no generally accepted definitions for either the business model or its building blocks, academics and practitioners agree that a business model is all about value. Second, a business model is not the same as a strategy but it has an important role in strategy implementation. Third, sustainability is found to be a hot topic for business models and has been increasingly used in symbiosis with this concept. Besides being a theoretical contribution to a definition of the business model as an independent concept, the findings may be particularly helpful to managers and business practitioners seeking ways to enable their firms to deal with complex market challenges and gain competitive advantage.

https://journals.sagepub.com/doi/pdf/10.1177/2158244017733516

Strategic Development of Business Models: Implications of the Web 2.0 for Creating Value on the Internet

Roger on 30/12/2020

Strategic Development of Business Models: Implications of the Web 2.0 for Creating Value on the Internet

There is virtually a consensus that, to remain competitive, firms must continuously develop and adapt their business models. However, relatively little is known about how managers can go about achieving this transformation, and how, and to what extent, different types of business models should be adapted. To illustrate the differential effect of environmental changes on different business model types, this article draws from the ‘4C’ Internet business model typology to elaborate on how a recent wave of changes on the Internet e the emergent Web 2.0 phenomenon e is affecting each of its four business model types. We argue that Web 2.0 trends and characteristics are changing the rules of the ‘create and capture value’ game, and thus significantly disrupt the effectiveness of established Internet business models. Since systematic empirical knowledge about Web 2.0 factors is very limited, a comprehensive Web 2.0 framework is developed, which is illustrated with two cases
and verified through in-depth interviews with Internet business managers. Strategic recommendations on how to what extent different Web 2.0 aspects affect each business model type are developed. Executives can use the ideas and frameworks presented in the article to benchmark their firm’s efforts towards embracing the changes associated with the Web 2.0 into their business model.

https://isiarticles.com/bundles/Article/pre/pdf/7685.pdf

From rapid prototyping to home fabrication: How 3D printing is changing business model innovation

Roger on 30/12/2020

From rapid prototyping to home fabrication: How 3D printing is changing business model innovation

There is a growing consensus that 3D printing technologies will be one of the next major technologicalrevolutions. While a lot of work has already been carried out as to what these technologies will bring in termsof product and process innovation, little has been done on their impact on business models and businessmodel innovation. Yet, history has shown that technological revolution without adequate business model evolu-tion is a pitfall for many businesses. In the case of 3D printing, the matter is further complicated by the fact thatadoption of these technologies has occurred in four successive phases (rapid prototyping, rapid tooling, digitalmanufacturing, home fabrication) that correspond to a different level of involvement of 3D printing in theproduction process. This article investigates the effect of each phase on the key business model components.While the impact of rapid prototyping and rapid tooling is found to be limited in extent, direct manufacturingand, even more so, home fabrication have the potential to be highly disruptive. While much more value can becreated, capturing value can become extremely challenging. Hence,finding a suitable business model is http://critical.to/ this respect, this article shows that 3D printing technologies have the potential to change the way businessmodel innovation is carried out, by enabling adaptive business models and by bringing the‘rapid prototyping’paradigm to business model innovation i

https://reader.elsevier.com/reader/sd/pii/S0040162515002425?token=087BC22539DF3D79AA599B60FCEDBD2095452FE406A760119202BD5AFB680F51627045F8F7C4303AD9D837B8E97AB438

Small interesting projects. Learn to build and sell. Chances are the next generation of founders that learn through no code Will have a totally different philosophy than the traditional founder

Roger on 30/12/2020

Small interesting projects. Learn to build and sell. Chances are the next generation of founders that learn through no code Will have a totally different philosophy than the traditional founder