Business model: Concept, definition and framework

Wei Jian; Liu Yang; Xing Ying

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Science Research Management ›› 2012, Vol. 33 ›› Issue (5) : 107-114.

Business model: Concept, definition and framework

Wei Jian, Liu Yang, Xing Ying

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Abstract

Three key perspectives in the literature, including. internal process, external transaction, and systemic integration are reviewed, and then a business model is defined as the architecture configuration that depicts the structure of value proposition, value creation, and value capture. Based on this operational definition, a general business model framework is proposed in order to answer the question that how a business model is able to help company to achieve and sustain the competitive advantage.

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business model / definition / general framework

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Wei Jian, Liu Yang, Xing Ying. Business model: Concept, definition and framework[J]. Science Research Management. 2012, 33(5): 107-114

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