Business Models

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A firm's business model is a template that depicts the way the firm conducts its business. It describes the system of interdependent activities that are performed by the firm and by its partners and the ways that these activities are linked to each other through transactions in factor and product markets. In this chapter, we focus on the evolution of business model research during the last 10 years and explain the various ways in which the business model has been conceptualized. We review scholarly work on business models within the fields of strategic management, entrepreneurship, and innovation.
Bibliographic citation: Amit, Raphael; Zott, Christoph, "Business Models". In: James D. Wright. International Encyclopedia of the Social & Behavioral Sciences. New York: Elsevier, 2015. pp 33 - 36 (2nd Edition; Vol. 3).
Date: 03/2015
Author(s): Amit, Raphael; Zott, Christoph
Document type: Chapter
Languages: English