A New Definition Of A Business Model

This paper discusses the lack of agreement on the definition of a business model which is a recent addition to management literature since the dot com era.  An abbreviated literature review was discussed that emphasizes the different perspectives of business model definitions.  There are categories such as auction, subscription, or advertising business models which describe the processes between a buyer and seller (Rappa, 2005). Business models have also been defined in the literature as a system with components (Afuah&Tucci, 2001) or a method to make money (Weill&Vitale 2001). They have also been categorized as business to business models or business to consumer models (Haag, 2004)  This author has developed a new definition of a business model that focuses on the transaction between the buyer and seller, regardless of whether it is a traditional transaction, an electronic transaction or the type of transaction.  The paper has provided six comparisons of the difference between a traditional transaction between a buyer and a seller and an electronic transaction between a buyer and a seller. The direct comparisons of traditional and e-commerce business models illustrate the major component of a business model—the transaction that occurs between the seller and buyer and that the transaction must be included in the definition of a business model.

Download Full-text

Business models in the business-to-business and business-to-consumer worlds – what can each world learn from the other?

Journal of Business and Industrial Marketing ◽

10.1108/jbim-10-2016-267 ◽

2016 ◽

Vol 31 (8) ◽

pp. 943-954 ◽

Cited By ~ 21

Author(s):

Ryan Neill Stott ◽

Merlin Stone ◽

Jane Fae

Keyword(s):

Business Model ◽

Design Methodology ◽

Business Models ◽

Academic Research ◽

Content Type ◽

Managerial Implications ◽

Business To Consumer ◽

Business To Business ◽

Practical Implications ◽

Proper Analysis

Purpose The purpose of this research is to identify how managers can apply the results of academic research into the concept of business models for creating and evaluating possible models for their businesses. Design/methodology/approach A review of the literature is followed by two case studies, from the airline and logistics industries, followed by recommendations based on both. Findings The findings are that there is relatively weak consensus among academics as to the definition and meaning of a business model and its components, and that the notion of generic business model applies better within rather than between industries, but that the discussion is a very fertile one for developing recommendations for managers. Practical implications The managerial implications of the study are that in their planning and strategizing, managers should factor in a proper analysis of the business model they currently use and one that they could use. Originality/value The study provides a useful addition to the literature on the practical implications of business models.

Download Full-text

Business Model Canvas: an introduction

Manuali – Scienze Tecnologiche - SPARKLE - Entrepreneurship for Sustainable Precision Agriculture ◽

10.36253/978-88-5518-044-3.45 ◽

2020 ◽

pp. 45

Author(s):

Alessandro Guadagni ◽

Umberto Pascucci

Keyword(s):

Business Model ◽

Business Models ◽

Business Plan ◽

Visual Language ◽

Good Practices ◽

Business Model Canvas ◽

The World ◽

The Difference ◽

Definition Of ◽

External Forces

The Business Model Canvas is a strategic tool that uses visual language to create and develop high-value innovative business models. The goal of this lesson is to give a clear and precise definition of BMC and see how this concept can fit into the world of SPA. In this sense, in the previous months the 3 farmers have developed, with the help of external collaborators, their BMC, visually representing the process of creating, distributing and capturing value for their customers. The results are presented as "good practices". The BMC is completed with the presentation of the "external forces framework" . Furthermore, one slide presents the difference between BMC and Business Plan.

Download Full-text

Business Model Literature Overview

FINANCIAL REPORTING ◽

10.3280/fr2014-001004 ◽

2014 ◽

pp. 79-130 ◽

Cited By ~ 4

Author(s):

Ales Novak

Keyword(s):

Business Model ◽

Financial Reporting ◽

Business Models ◽

Potential Role ◽

Financial Instruments ◽

Business Logic ◽

Literature Overview ◽

Ifrs 9 ◽

Definition Of

The term ?business model' has recently attracted increased attention in the context of financial reporting and was formally introduced into the IFRS literature when IFRS 9 Financial Instruments was published in November 2009. However, IFRS 9 did not fully define the term ‘business model'. Furthermore, the literature on business models is quite diverse. It has been conducted in largely isolated fashion; therefore, no generally accepted definition of ?business model' has emerged. Therefore, a better understanding of the notion itself should be developed before further investigating its potential role within financial reporting. The aim of this paper is to highlight some of the perceived key themes and to identify other bases for grouping/organizing the literature based on business models. The contributions this paper makes to the literature are twofold: first, it complements previous review papers on business models; second, it contains a clear position on the distinction between the notions of the business model and strategy, which many authors identify as a key element in better explaining and communicating the notion of the business model. In this author's opinion, the term ‘strategy' is a dynamic and forward-looking notion, a sort of directional roadmap for future courses of action, whereas, ‘business model' is a more static notion, reflecting the conceptualisation of the company's underlying core business logic. The conclusion contains the author's thoughts on the role of the business model in financial reporting.

Download Full-text

L'anglicisme dans la langue française

Digital Press Social Sciences and Humanities ◽

10.29037/digitalpress.43286 ◽

2019 ◽

Vol 3 ◽

pp. 00013

Author(s):

Danny Susanto

Keyword(s):

English Language ◽

Oil Industry ◽

English Word ◽

Public Institutions ◽

Font Size ◽

The World ◽

French Speaking ◽

The Difference ◽

Definition Of ◽

Bibliographic Study

The purpose of this study is to analyze the phenomenon known as “anglicism”: a loan made to the English language by another language. Anglicism arose either from the adoption of an English word as a result of a translation defect despite the existence of an equivalent term in the language of the speaker, or from a wrong translation, as a word-by-word translation. Said phenomenon is very common nowadays and most languages of the world including making use of some linguistic concepts such as anglicism, neologism, syntax, morphology etc, this article addresses various aspects related to Anglicisms in French through a bibliographic study: the definition of Anglicism, the origin of Anglicisms in French and the current situation, the areas most affected by Anglicism, the different categories of Anglicism, the difference between French Anglicism in France and French-speaking Canada, the attitude of French-speaking society towards to the Anglicisms and their efforts to stop this phenomenon. The study shows that the areas affected are, among others, trade, travel, parliamentary and judicial institutions, sports, rail, industrial production and most recently film, industrial production, sport, oil industry, information technology, science and technology. Various initiatives have been implemented either by public institutions or by individuals who share concerns about the increasingly felt threat of the omnipresence of Anglicism in everyday life.

Download Full-text

B2B, B2C and Virtual Enterprise Management Systems

10.46532/jebm.20201205 ◽

2020 ◽

pp. 118-127

Author(s):

Yong Geng Chen

Keyword(s):

Virtual Enterprise ◽

Enterprise Management ◽

Virtual Enterprises ◽

Future Directions ◽

Web Based ◽

Goods And Services ◽

Detailed Evaluation ◽

Business To Consumer ◽

Definition Of ◽

Business To Business

This research paper provides a detailed evaluation of the business concepts in Electronic Commerce (E-Commerce). The concept of E-Commerce defines the exchange of goods and services with monetary value between consumers and companies. E-Commerce is a web-based catalogue whereby buyers can possibly place order and sellers possibly accept payments. E-Commerce incorporates two forms of business: Business-to-Business (B2B) and Business-to-Consumer (B2C), which provides a definition of the commerce transactions between enterprises, such as between the wholesalers and the manufacturers or the retailers. B2C E-Commerce provides enterprises with the model which allows businesses to deliver purchasers to the relevant merchants and achieve from the commission rewards given by the merchants. This paper evaluates two forms of business with relation to management of Virtual Enterprises (VE) in the field of E-Commerce. The paper will end with an analysis of VE before projecting future directions for health of B2B and B2C in business.

Download Full-text

Harmonious entrepreneurship – a new approach to the challenge of global sustainability

World Journal of Entrepreneurship Management and Sustainable Development ◽

10.1108/wjemsd-09-2020-0126 ◽

2021 ◽

Vol ahead-of-print (ahead-of-print) ◽

Author(s):

David Anthony Kirby ◽

Iman El-Kaffass

Keyword(s):

Business Model ◽

Traditional Approach ◽

Secondary Data ◽

Wealth Creation ◽

Content Type ◽

Global Sustainability ◽

New Business ◽

The Status ◽

The Difference ◽

Definition Of

PurposeThe article is intended to consider how entrepreneurship needs to adapt if it is to address the global sustainability challenge. The intention is to propose a new business model that recognises the interconnectedness of the global ecosystem.Design/methodology/approachThe article analyses two case studies purposively written to demonstrate the difference between the traditional entrepreneurship approach, dating back to the 19th century and the proposed harmonised one. Both cases are based on secondary data and personal field observation.FindingsWhile the two cases focus on wealth creation, job generation and innovation, the traditional approach is shown to have had a long-term deleterious impact on both society and the environment, whereas the proposed harmonised approach impacts positively. The article recognises the multifaceted nature of the sustainability challenge and that the three elements (economy/commerce, society and environment) are interconnected. If there is a change in the status of one the other, connected facets will change or will need to be changed. Thus any solution needs to address all three facets.Social implicationsThe proposed business model will be of interest to scholars and practitioners of entrepreneurship and sustainability, as well as to policy makers and educators.Originality/valueApart from proposing a new business model that will address the sustainability challenge, the article provides a definition of harmonious entrepreneurship and identifies the conditions required for it to be met, as well as the characteristics of the harmonious entrepreneur.

Download Full-text

Two Black Boxes: Understanding the Coherence between Business Models & Business Model Eco Systems – A Contribution toward a Definition of the Object for Business Model Innovation and the Question of “Where to Look”?

Journal of Multi Business Model Innovation and Technology ◽

10.13052/jmbmit2245-456x.331 ◽

2016 ◽

Vol 3 (3) ◽

pp. 1-65

Author(s):

Ole Horn Rasmussen ◽

Peter Lindgren ◽

◽

Keyword(s):

Business Model ◽

Business Models ◽

Business Model Innovation ◽

Black Boxes ◽

Definition Of

Download Full-text

Framework Studies on Manufacturing Resource Management System Based on E-Hubs

Applied Mechanics and Materials ◽

10.4028/www.scientific.net/amm.10-12.28 ◽

2007 ◽

Vol 10-12 ◽

pp. 28-33 ◽

Cited By ~ 2

Author(s):

Q.S. Xie ◽

Gui Xian Zhou ◽

Q.N. Yan

Keyword(s):

Resource Management ◽

Management System ◽

Business Models ◽

Functional System ◽

Resource Management System ◽

New Business ◽

Manufacturing Resource ◽

Definition Of ◽

Business To Business ◽

System Designs

E-Hubs as new entrants with new business models pour into the business-to-business space; it's increasingly difficult to make sense of the landscape. Electronic hubs--Internet-based intermediaries that host electronic marketplaces and mediate transactions among businesses--are generating a lot of interest. This paper provides a blueprint of the E-Hubs arena. Conceptual specification of functional system, comprising the selection of core E-Hubs services and definition of basic hosting platform of the E-Hubs realization business development plan, Conceptual framework for Manufacturing Resource Management System designs based on E-hubs.

Download Full-text

Business Model for Czech Agribusiness

Scientia Agriculturae Bohemica ◽

10.1515/sab-2015-0027 ◽

2015 ◽

Vol 46 (3) ◽

pp. 128-136 ◽

Cited By ~ 6

Author(s):

Jana Poláková ◽

G. Koláčková ◽

I. Tichá

Keyword(s):

Business Model ◽

Value Creation ◽

Business Models ◽

Theoretical Background ◽

Business Modelling ◽

New Business ◽

Definition Of

Abstract Business modelling facilitates the understanding of value creation logic in organizations in general. Identifying the components of business models based on different criteria helps understanding the fundamentals of business and the position of entrepreneurs and managers in companies. The present research is focused on the definition of a specific business model for the Czech agribusiness sector. Based on the theoretical background and evaluation of selected business models, the aim is to create a new business model, using components which take into account the specifics of this particular industry.

Download Full-text

Performance Analysis of B2B and B2C companies in Northern Macedonia and Serbia

Heritage and Sustainable Development, ISSN 2712-0554 ◽

10.37868/hsd.v2i2.29 ◽

2020 ◽

Vol 2 (2) ◽

pp. 89-99

Author(s):

Vedat Asipi ◽

Benjamin Duraković

Keyword(s):

Developing Countries ◽

Performance Analysis ◽

Business Models ◽

Total Employment ◽

Employment Level ◽

Goods And Services ◽

Performance Differences ◽

Business To Consumer ◽

Business To Business

The purpose of this paper is to analyze and compare two different business models called business to business and business to consumer. The first model -business to business or B2B is defined as the transfer of goods and services between businesses or firms without the interference of consumers. The second model, business to consumer or B2C is customer-oriented in which the goods and services are sold immediately to customers in the market. This research focuses on the performance of these two business models in North Macedonia and Serbia. Our analysis tries to provide information regarding the countries’ development in different sectors within B2B and B2C models that are affected by specific indicators such as net salaries, total employment level, investment and exports, and research&innovation. Furthermore, besides the analysis of these indicators separately for each country, the paper will show the results and compare the performance differences among listed developing countries.

Download Full-text