Towards a Business Model Validation Framework: A System Engineering Perspective

Publication Type

Conference Proceeding Article

Publication Date

12-2015

Abstract

Business Model (BM) presents a configurational formation composed of relevant building elements. These elements can be combined and permuted in multiple ways, but not all combinations and permutations actually form valid BMs. Diverse BM configurations are commonly the source of innovation itself and the overall driver of firm's success. However, there are no prior attempts to introduce a framework enabling analysis and validation of internal compatibility among the BM building elements. We adopt a systemic view of BMs and apply the internal compatibility validation procedure from system engineering. We perform two literature reviews, one summarizing elements that can be applied in BM design, and another exploring existing BM design patterns. By taking a systemic approach this study considerably improves the theoretical understanding of configurational compatibility within a BM. It also provides managers and industry professionals with a generic framework for internal compatibility validation of innovative BMs.

Discipline

Computer Sciences | Management Information Systems

Research Areas

Information Systems and Management

Publication

Proceedings of the 2015 ISPIM Innovation Summit: Brisbane, Australia, 6-9 December 2015

ISBN

9781911136002

Publisher

ISPIM

City or Country

Brisbane, Australia

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