Facilitating business model transformation: Theory, operators, and patterns
Understanding Business Models (BMs) has become an essential capability for organizations seeking to drive growth, revitalize a lagging core or defend against industry disruption. However, this concept still has multiple interpretations, as it is often intertwined with others, like business strategy...
| Principais autores: | , , , |
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| Formato: | Artigo |
| Idioma: | English |
| Publicado em: |
Elsevier
2024-03-01
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| coleção: | Journal of Open Innovation: Technology, Market and Complexity |
| Assuntos: | |
| Acesso em linha: | http://www.sciencedirect.com/science/article/pii/S2199853123003050 |
| _version_ | 1827289799652802560 |
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| author | Paula Velandia Andrea Herrera Mario Sánchez Jorge Villalobos |
| author_facet | Paula Velandia Andrea Herrera Mario Sánchez Jorge Villalobos |
| author_sort | Paula Velandia |
| collection | DOAJ |
| description | Understanding Business Models (BMs) has become an essential capability for organizations seeking to drive growth, revitalize a lagging core or defend against industry disruption. However, this concept still has multiple interpretations, as it is often intertwined with others, like business strategy (BS), making it difficult for stakeholders to understand and re-design their own BMs. In fact, current tools including taxonomies, have encountered difficulties in providing mechanisms to guide this process. Seeking to contribute with the strengthening of the theoretical basis and with tools to transform BMs, in this work, we follow a Design Science Research (DSR) approach to provide a theoretical foundation for the concepts of BM, Business Model Patterns (BMPs), and BS under a formal conceptual representation. In doing so, we propose a language to describe a BM and we introduce a set of mechanisms to transform BMs. Finally, we provide a collection of BMPs that serve as the foundation for the application of these mechanisms. Thus, we aim to contribute to the development of a solid knowledge base to be used as a source of inspiration when restructuring, specializing, or creating new BMs. |
| first_indexed | 2024-03-08T12:52:03Z |
| format | Article |
| id | doaj.art-1ba3598761a24b69bf37f6d497754a7d |
| institution | Directory Open Access Journal |
| issn | 2199-8531 |
| language | English |
| last_indexed | 2024-04-24T11:56:11Z |
| publishDate | 2024-03-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Journal of Open Innovation: Technology, Market and Complexity |
| spelling | doaj.art-1ba3598761a24b69bf37f6d497754a7d2024-04-09T04:12:53ZengElsevierJournal of Open Innovation: Technology, Market and Complexity2199-85312024-03-01101100203Facilitating business model transformation: Theory, operators, and patternsPaula Velandia0Andrea Herrera1Mario Sánchez2Jorge Villalobos3Corresponding author.; Universidad de los Andes, Bogotá, ColombiaUniversidad de los Andes, Bogotá, ColombiaUniversidad de los Andes, Bogotá, ColombiaUniversidad de los Andes, Bogotá, ColombiaUnderstanding Business Models (BMs) has become an essential capability for organizations seeking to drive growth, revitalize a lagging core or defend against industry disruption. However, this concept still has multiple interpretations, as it is often intertwined with others, like business strategy (BS), making it difficult for stakeholders to understand and re-design their own BMs. In fact, current tools including taxonomies, have encountered difficulties in providing mechanisms to guide this process. Seeking to contribute with the strengthening of the theoretical basis and with tools to transform BMs, in this work, we follow a Design Science Research (DSR) approach to provide a theoretical foundation for the concepts of BM, Business Model Patterns (BMPs), and BS under a formal conceptual representation. In doing so, we propose a language to describe a BM and we introduce a set of mechanisms to transform BMs. Finally, we provide a collection of BMPs that serve as the foundation for the application of these mechanisms. Thus, we aim to contribute to the development of a solid knowledge base to be used as a source of inspiration when restructuring, specializing, or creating new BMs.http://www.sciencedirect.com/science/article/pii/S2199853123003050Business ModelBusiness Model PatternTaxonomyBusiness Model Open Innovation |
| spellingShingle | Paula Velandia Andrea Herrera Mario Sánchez Jorge Villalobos Facilitating business model transformation: Theory, operators, and patterns Journal of Open Innovation: Technology, Market and Complexity Business Model Business Model Pattern Taxonomy Business Model Open Innovation |
| title | Facilitating business model transformation: Theory, operators, and patterns |
| title_full | Facilitating business model transformation: Theory, operators, and patterns |
| title_fullStr | Facilitating business model transformation: Theory, operators, and patterns |
| title_full_unstemmed | Facilitating business model transformation: Theory, operators, and patterns |
| title_short | Facilitating business model transformation: Theory, operators, and patterns |
| title_sort | facilitating business model transformation theory operators and patterns |
| topic | Business Model Business Model Pattern Taxonomy Business Model Open Innovation |
| url | http://www.sciencedirect.com/science/article/pii/S2199853123003050 |
| work_keys_str_mv | AT paulavelandia facilitatingbusinessmodeltransformationtheoryoperatorsandpatterns AT andreaherrera facilitatingbusinessmodeltransformationtheoryoperatorsandpatterns AT mariosanchez facilitatingbusinessmodeltransformationtheoryoperatorsandpatterns AT jorgevillalobos facilitatingbusinessmodeltransformationtheoryoperatorsandpatterns |