New spectrum bands are being released to respond to the growing need for locally deployed industrial and private networks. This calls for new licensing schemes and spectrum sharing approaches. New challenges are faced from the ever-increasing variety of released spectrum bands with different technical and operational requirements and the increasing fragmentation of spectrum management approaches. While the standardization is progressing and technical solutions are developed for the new networks, less attention has been paid to the radio product related regulation, including equipment authorization frameworks. With roots in engineering, policy and economics, this paper looks through the lenses of business model framework at scenarios of wireless equipment authorization related to novel spectrum management approaches. This paper provides an overview of radio authorization for mobile communication networks and develops a conceptual framework to depict and analyze authorization policies. The results indicate the strong impact the authorization frameworks have on the scalability and replicability of the business. This calls for novel models of governance and regulation that highlight utilization of harmonized, widely employed frequency bands and the associated technical requirements.