Business Model: What It Is and What It Is Not

The term “business model” has been misinterpreted and misused over the years, and has consequently been inadequately understood and applied by both practitioners and scholars. It has been frequently confused with other popular terms in the management literature such as strategy, business concept, re...

Full description

Saved in:
Bibliographic Details
Published in:Long range planning 2014-12, Vol.47 (6), p.379-389
Main Authors: DaSilva, Carlos M., Trkman, Peter
Format: Article
Language:English
Subjects:
Business models
Competitive advantage
Innovations
Studies
Transaction costs
Citations: Items that this one cites
Items that cite this one
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
cited_by cdi_FETCH-LOGICAL-c379t-539310f4d14a059d08d9592d7a0b90509c830cd77a8dce614b3ac5d2738948003
cites cdi_FETCH-LOGICAL-c379t-539310f4d14a059d08d9592d7a0b90509c830cd77a8dce614b3ac5d2738948003
container_end_page 389
container_issue 6
container_start_page 379
container_title Long range planning
container_volume 47
creator DaSilva, Carlos M.
Trkman, Peter
description The term “business model” has been misinterpreted and misused over the years, and has consequently been inadequately understood and applied by both practitioners and scholars. It has been frequently confused with other popular terms in the management literature such as strategy, business concept, revenue model, economic model, or even business process modeling. This paper aims to contribute to the clarification of the meaning and use of the business model image, as well as to theorize on its logical underpinnings that we find rooted in the resource-based view and in the transaction cost economics. This paper identifies new avenues for further research, such as the investigation of path dependency in a business model and the meaning of business model innovation.
doi_str_mv 10.1016/j.lrp.2013.08.004
format article
fullrecord <record><control><sourceid>proquest_cross</sourceid><recordid>TN_cdi_proquest_journals_1634177040</recordid><sourceformat>XML</sourceformat><sourcesystem>PC</sourcesystem><els_id>S0024630113000502</els_id><sourcerecordid>3519277421</sourcerecordid><originalsourceid>FETCH-LOGICAL-c379t-539310f4d14a059d08d9592d7a0b90509c830cd77a8dce614b3ac5d2738948003</originalsourceid><addsrcrecordid>eNp9kEFLxDAQhYMoWFd_gLeC59SZJm0SPemy6sKqF8VjyCZZbKltTbqC_94s68GTMMww8N684SPkHKFAwPqyLbowFiUgK0AWAPyAZCgFo6mVhyQDKDmtGeAxOYmxBQAEVWaE3m5j0_sY88fB-e4qf3s3U75MFXPTu7_r0zCdkqON6aI_-50z8nq3eJk_0NXz_XJ-s6KWCTXRiimGsOEOuYFKOZBOVap0wsBaQQXKSgbWCWGks75GvmbGVq4UTCouAdiMXOzvjmH43Po46XbYhj5FaqwZRyGA71S4V9kwxBj8Ro-h-TDhWyPoHRXd6kRF76hokDpRSZ7rvcen978aH3S0je-td03wdtJuaP5x_wBbKGX1</addsrcrecordid><sourcetype>Aggregation Database</sourcetype><iscdi>true</iscdi><recordtype>article</recordtype><pqid>1634177040</pqid></control><display><type>article</type><title>Business Model: What It Is and What It Is Not</title><source>Elsevier</source><creator>DaSilva, Carlos M. ; Trkman, Peter</creator><creatorcontrib>DaSilva, Carlos M. ; Trkman, Peter</creatorcontrib><description>The term “business model” has been misinterpreted and misused over the years, and has consequently been inadequately understood and applied by both practitioners and scholars. It has been frequently confused with other popular terms in the management literature such as strategy, business concept, revenue model, economic model, or even business process modeling. This paper aims to contribute to the clarification of the meaning and use of the business model image, as well as to theorize on its logical underpinnings that we find rooted in the resource-based view and in the transaction cost economics. This paper identifies new avenues for further research, such as the investigation of path dependency in a business model and the meaning of business model innovation.</description><identifier>ISSN: 0024-6301</identifier><identifier>EISSN: 1873-1872</identifier><identifier>DOI: 10.1016/j.lrp.2013.08.004</identifier><identifier>CODEN: LRPJA4</identifier><language>eng</language><publisher>London: Elsevier Ltd</publisher><subject>Business models ; Competitive advantage ; Innovations ; Studies ; Transaction costs</subject><ispartof>Long range planning, 2014-12, Vol.47 (6), p.379-389</ispartof><rights>2013 Elsevier Ltd</rights><rights>Copyright Pergamon Press Inc. Dec 2014</rights><lds50>peer_reviewed</lds50><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c379t-539310f4d14a059d08d9592d7a0b90509c830cd77a8dce614b3ac5d2738948003</citedby><cites>FETCH-LOGICAL-c379t-539310f4d14a059d08d9592d7a0b90509c830cd77a8dce614b3ac5d2738948003</cites></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><link.rule.ids>314,778,782,27911,27912</link.rule.ids></links><search><creatorcontrib>DaSilva, Carlos M.</creatorcontrib><creatorcontrib>Trkman, Peter</creatorcontrib><title>Business Model: What It Is and What It Is Not</title><title>Long range planning</title><description>The term “business model” has been misinterpreted and misused over the years, and has consequently been inadequately understood and applied by both practitioners and scholars. It has been frequently confused with other popular terms in the management literature such as strategy, business concept, revenue model, economic model, or even business process modeling. This paper aims to contribute to the clarification of the meaning and use of the business model image, as well as to theorize on its logical underpinnings that we find rooted in the resource-based view and in the transaction cost economics. This paper identifies new avenues for further research, such as the investigation of path dependency in a business model and the meaning of business model innovation.</description><subject>Business models</subject><subject>Competitive advantage</subject><subject>Innovations</subject><subject>Studies</subject><subject>Transaction costs</subject><issn>0024-6301</issn><issn>1873-1872</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2014</creationdate><recordtype>article</recordtype><recordid>eNp9kEFLxDAQhYMoWFd_gLeC59SZJm0SPemy6sKqF8VjyCZZbKltTbqC_94s68GTMMww8N684SPkHKFAwPqyLbowFiUgK0AWAPyAZCgFo6mVhyQDKDmtGeAxOYmxBQAEVWaE3m5j0_sY88fB-e4qf3s3U75MFXPTu7_r0zCdkqON6aI_-50z8nq3eJk_0NXz_XJ-s6KWCTXRiimGsOEOuYFKOZBOVap0wsBaQQXKSgbWCWGks75GvmbGVq4UTCouAdiMXOzvjmH43Po46XbYhj5FaqwZRyGA71S4V9kwxBj8Ro-h-TDhWyPoHRXd6kRF76hokDpRSZ7rvcen978aH3S0je-td03wdtJuaP5x_wBbKGX1</recordid><startdate>20141201</startdate><enddate>20141201</enddate><creator>DaSilva, Carlos M.</creator><creator>Trkman, Peter</creator><general>Elsevier Ltd</general><general>Pergamon Press Inc</general><scope>AAYXX</scope><scope>CITATION</scope></search><sort><creationdate>20141201</creationdate><title>Business Model: What It Is and What It Is Not</title><author>DaSilva, Carlos M. ; Trkman, Peter</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c379t-539310f4d14a059d08d9592d7a0b90509c830cd77a8dce614b3ac5d2738948003</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2014</creationdate><topic>Business models</topic><topic>Competitive advantage</topic><topic>Innovations</topic><topic>Studies</topic><topic>Transaction costs</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>DaSilva, Carlos M.</creatorcontrib><creatorcontrib>Trkman, Peter</creatorcontrib><collection>CrossRef</collection><jtitle>Long range planning</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>DaSilva, Carlos M.</au><au>Trkman, Peter</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Business Model: What It Is and What It Is Not</atitle><jtitle>Long range planning</jtitle><date>2014-12-01</date><risdate>2014</risdate><volume>47</volume><issue>6</issue><spage>379</spage><epage>389</epage><pages>379-389</pages><issn>0024-6301</issn><eissn>1873-1872</eissn><coden>LRPJA4</coden><abstract>The term “business model” has been misinterpreted and misused over the years, and has consequently been inadequately understood and applied by both practitioners and scholars. It has been frequently confused with other popular terms in the management literature such as strategy, business concept, revenue model, economic model, or even business process modeling. This paper aims to contribute to the clarification of the meaning and use of the business model image, as well as to theorize on its logical underpinnings that we find rooted in the resource-based view and in the transaction cost economics. This paper identifies new avenues for further research, such as the investigation of path dependency in a business model and the meaning of business model innovation.</abstract><cop>London</cop><pub>Elsevier Ltd</pub><doi>10.1016/j.lrp.2013.08.004</doi><tpages>11</tpages></addata></record>
fulltext fulltext
identifier ISSN: 0024-6301
ispartof Long range planning, 2014-12, Vol.47 (6), p.379-389
issn 0024-6301
1873-1872
language eng
recordid cdi_proquest_journals_1634177040
source Elsevier
subjects Business models
Competitive advantage
Innovations
Studies
Transaction costs
title Business Model: What It Is and What It Is Not
url http://sfxeu10.hosted.exlibrisgroup.com/loughborough?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&ctx_tim=2025-01-15T18%3A10%3A56IST&url_ver=Z39.88-2004&url_ctx_fmt=infofi/fmt:kev:mtx:ctx&rfr_id=info:sid/primo.exlibrisgroup.com:primo3-Article-proquest_cross&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.atitle=Business%20Model:%20What%20It%20Is%20and%20What%20It%20Is%20Not&rft.jtitle=Long%20range%20planning&rft.au=DaSilva,%20Carlos%20M.&rft.date=2014-12-01&rft.volume=47&rft.issue=6&rft.spage=379&rft.epage=389&rft.pages=379-389&rft.issn=0024-6301&rft.eissn=1873-1872&rft.coden=LRPJA4&rft_id=info:doi/10.1016/j.lrp.2013.08.004&rft_dat=%3Cproquest_cross%3E3519277421%3C/proquest_cross%3E%3Cgrp_id%3Ecdi_FETCH-LOGICAL-c379t-539310f4d14a059d08d9592d7a0b90509c830cd77a8dce614b3ac5d2738948003%3C/grp_id%3E%3Coa%3E%3C/oa%3E%3Curl%3E%3C/url%3E&rft_id=info:oai/&rft_pqid=1634177040&rft_id=info:pmid/&rfr_iscdi=true