A Critical Synthesis of Scientific Research on Business Models and Business Model Components
A Critical Synthesis of Scientific Research on Business Models and Business Model Components

Summary/Abstract: The current volatile economic environment, globalization and evermore shorter technology cycles impact the way business is done today. Business modelling proves itself as an instrument, which may impact decisively the success or failure of a business. This is why both the business and academic community critically address this issue. The aim of this article is to contribute to the development of a unifying research agenda by synthesising the most relevant scientific research and studies. The author reviewed and analysed the scientific theoretical framework on this subject from the past 15 years. The research result consists in a systematisation on past approaches on business modelling stressing the components as they are defined by contemporary scholars. By doing this, the author aims at reconciling the fragmented and only partially overlapping definition of the concept of “business model”

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