“…There are three main elements when designing a business model: 1) content (the activities performed in the focal organisation and its business partners), 2) structure (how the performed activities link to each other), and 3) governance (who should perform the activities at where) (Carayannis, Sindakis, & Walter, 2015;Kohler, 2015;Muzellec, Ronteau, & Lambkin, 2015;Novikova & Vuori, 2013;Wei et al, 2014). (Frow et al, 2014) x x x S-33 (Golnam, Ritala, & Wegmann, 2014) x S-2 (Koch & Windsperger, 2017) x x S-22 (Kohler, 2015) x S-14 (Letaifa, 2014) x x S-20 (Lusch, Vargo, & Gustafsson, 2016) x S-9 (Morgan, Feller, & Finnegan, 2013) x x S-34 (Muzellec, Ronteau, & Lambkin, 2015) x S-24 (Novikova & Vuori, 2013) x S-21 (Pagani, 2013) x S-11 (Pera, Occhiocupo, & Clarke, 2016) x S-12 (Ritala & Tidström, 2014) x S-17 x S-23 (Wei et al, 2014) x S-16 (Zott & Amit, 2013) x x Similarly, Ammar and Ouakouak (2015) suggest five dimensions in representing a business model: 1) value proposition, 2) value architecture, 3) value network, 4) value engaged, 5) value generation. Value proposition contains value creation, capture and delivery activities.…”