Business model: Concept, definition and framework

Abstract

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.

Key words: business model, definition, general framework

CLC Number:

F270

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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