An Introduction to Business Models

Nielsen, Christian; Lund, Morten

doi:10.2139/ssrn.2579454

Cited by 29 publications

(25 citation statements)

References 7 publications

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“…Another strand defines them as the organisational and financial architecture of a business (Teece, 2010). Recently, Nielsen and Lund (2014) describe a business model as a sustainable way of doing business. Today, more and more companies are keener on developing sustainable business models (Czinkota et al.…”

Section: Relevant Studiesmentioning

confidence: 99%

Using bibliometric analysis to map innovative business models for vertical farm entrepreneurs

Biancone

Brescia

Lanzalonga

et al. 2022

BFJ

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PurposeThis paper aims to explore the literature on vertical farming to define key elements to outline a business model for entrepreneurs. The research aims to stimulate entrepreneurship for vertical farming in a smart cities' context, recognising urban agriculture as technology to satisfy increasing food needs.Design/methodology/approachThe research conducts a structured literature review on 186 articles on vertical farming extracted from the Scopus. Moreover, the bibliometric analysis revealed the descriptive statistics on this field and the main themes through the authors' keywords.FindingsDifferent perspectives showed the multidisciplinary nature of the topic and how the intersection of different skills is necessary to understand the subject entirely. The keywords analysis allowed for identifying the topics covered by the authors and the business model's elements.Research limitations/implicationsThe research explores a topic in the embryonic stage to define key strands of literature. It provides business model insights extending George and Bock's (2011) research to stimulate entrepreneurship in vertical farming. Limitations arise from the sources used to develop our analysis and how the topic appears as a frontier innovation.Originality/valueOriginality is the integration of literature strands related to vertical farming, highlighting its multidisciplinary nature to provide a holistic understanding of the themes. In smart cities' context, innovations allow traditional business models to be interpreted in a novel perspective and revealed the elements for transforming vertical farming from innovative technology to an effective source of food sustenance. Finally, the paper suggests a new methodology application for the analysis of word clusters by integrating correspondence analysis and multidimensional scaling analysis.

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Section: Relevant Studiesmentioning

confidence: 99%

Using bibliometric analysis to map innovative business models for vertical farm entrepreneurs

Biancone

Brescia

Lanzalonga

et al. 2022

BFJ

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“…One of the popular business models often discussed is the Canvas Business Model (BMC), founded by Osterwalder and Pigneur and acts as a mind map for a business plan. Essential elements in this business model are critical business partners, activities, resources, value propositions, customer relationships, customer segments, channels, cost structure, and revenue produced by the model (Fauvel, 2013;Nielsen & Lund, 2014;Wardhana, 2014;Pratama & Iijima, 2018;Marcinkowski & Gawin, 2021). BMC is a tool that provides a clear view of what a company needs to achieve, and it focuses on the strategic elements that will have the most significant impact on the business (Amanullah et al, 2015;Bonazzi & Zilber, 2014;Wijaya, 2016;Nooh, 2019;Hermawan, 2020;Sylvia & Sumadhinata, 2021).…”

Section: The Business Model Conceptmentioning

confidence: 99%

Developing Business Model Based on Islamic Classical Economic Thoughts

Nordin

Samsuddin

Embong

et al. 2022

Acad. J. Interdiscip. Stud.

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This study aims to develop a business model based on Islamic economic thoughts pioneered by Muslim thinkers such as Abu Yusuf, al-Syaibani, Abu Ubayd, al-Mawardi, al-Ghazali, Ibn Taimiyah, and Ibn Khaldun. They existed from the early period of Islam until 1446. An absence of consensus on the definition of a business model that is universally accepted has led to the reassessment of the current business model towards pro-business and encouraged by profit margins. A holistic and comprehensive business model influences a business's enhanced performance. Hence, in reality, the survival rate of businesses, mainly businesses run by Muslims, is at a low ebb, although Islam has provided guidelines for all life activities, including business strategies. Hence, further studies should be conducted to seek solutions to overcome the resilience of Muslim businesses by referring to the thoughts of Islamic economic scholars. However, the scholarly thoughts were not organised as a scientific discipline, which eventually led to a decline in the Islamic economy, and consequently, humans began to follow the conventional economy. Data were collected through the document analysis and Focus Group Discussion (FGD) methods involving agency representatives, entrepreneurs, and academicians in the business field. It was then analysed using the content analysis method. Findings indicate that the business model comprised four components, namely production, business transactions, marketing, and the government's role, which was based on Islamic creed (aqidah), Islamic law (shariah), and Islamic morality and manners (akhlaq), acts as a catalyst for a successful business venture. This study has a significant impact and offers a new solution for overcoming and substantiating society's economic growth and development by making business a mechanism for empowering the Islamic economy. Received: 16 April 2022 / Accepted: 25 June 2022 / Published: 5 July 2022

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“…Business model was viewed as a representation of how a company buys and sells goods and services for earning money by Osterwalder (2004) and was described as a financial model in the definition forwarded by Rayport and Jaworsky (2002). Other definitions by researchers (Afuah, 2004;Fiet and Patel, 2008;Nielsen and Lund, 2014) also described business models as framework for creating money and business being profitable over time. Many definitions of business model view it either as a revenue model or as a business concept.…”

Section: Qrom 163/4mentioning

confidence: 99%

Corporate sustainability: the new organizational reality

Dhanda

Shrotryia

2020

QROM

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PurposeToday, corporate sustainability is at a tipping point. With average lifespan of organizations shrinking, striving for corporate longevity and sustainability has become indispensable in this fast-paced world. Despite the growing interest in this domain, companies are struggling to define sustainability in a way that is relevant to their business. This article attempts to synthesize the extant literature and provide a conceptual perspective on corporate sustainability and sustainable business models.Design/methodology/approachThematic literature review was done to gain an understanding of the extant literature and the ongoing debates on organizational sustainability. As the literature in context of corporate sustainability was found to be in a fluid state, a thematic review was found suitable to systematize and disclose valuable insights that open avenues for addressing sustainability concerns.FindingsThe paper attempts to throw light on the journey of organizations towards sustainability and how the context of sustainability has changed for the organizations over time. The paper discusses how companies embarked on their sustainability revolution by shifting their focus from mere compliance and philanthropy to attaining a sustainability edge and also explicates the transformation from traditional business models to sustainable business models. Finally, the research gaps are identified to pave the way for future research in the domain of corporate sustainability.Originality/valueThe extant literature on corporate sustainability is in a shambolic state. This creates a need to investigate what has been done and how the context of corporate sustainability is being shaped. This paper contributes to the emerging literature on sustainability by providing a conceptual perspective and highlighting the research gaps which pave the way for future research on sustainability paradigm.

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An Introduction to Business Models

Cited by 29 publications

References 7 publications

Using bibliometric analysis to map innovative business models for vertical farm entrepreneurs

Using bibliometric analysis to map innovative business models for vertical farm entrepreneurs

Developing Business Model Based on Islamic Classical Economic Thoughts

Corporate sustainability: the new organizational reality

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