Publication Type
Journal Article
Version
acceptedVersion
Publication Date
1-2011
Abstract
While the term 'business model' has gained widespread use in the practice community, the academic literature on this topic is fragmented and confounded by inconsistent definitions and construct boundaries. In this study, we review prior research and reframe the business model with an entrepreneurial lens. We report on a discourse analysis of 151 surveys of practicing managers to better understand their conceptualization of a business model. We find that the underlying dimensions of the business model are resource structure, transactive structure, and value structure, and discuss the nature and implications of dimensional dominance for firm characteristics and behavior. These findings provide new directions for theory development and empirical studies in entrepreneurship by linking the business model to entrepreneurial cognition, opportunity co-creation, and organizational outcomes.
Discipline
Business | Entrepreneurial and Small Business Operations | Strategic Management Policy
Research Areas
Strategy and Organisation
Publication
Entrepreneurship Theory and Practice
Volume
35
Issue
1
First Page
83
Last Page
111
ISSN
1540-6520
Identifier
10.1111/j.1540-6520.2010.00424.x
Publisher
Wiley
Citation
GEORGE, Gerard and BOCK, Adam J..
The Business Model in Practice and its Implications for Entrepreneurship Research. (2011). Entrepreneurship Theory and Practice. 35, (1), 83-111.
Available at: https://ink.library.smu.edu.sg/lkcsb_research/4640
Copyright Owner and License
Authors
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.
Additional URL
https://doi.org/10.1111/j.1540-6520.2010.00424.x
Included in
Entrepreneurial and Small Business Operations Commons, Strategic Management Policy Commons