Business Model Literature Overview
Ales Novak
University of Maribor, Slovenia
The term ʻbusiness modelʼ has recently attracted increased attention
in the context of financial reporting and was
explicitly introduced in the IFRS literature when IFRS 9 Financial
Instruments was published in November 2009.
However IFRS 9 does not define the term ‘business model’. Since there
is no generally accepted definition of the term
‘business model’, we think that before investigating the possible role
of the business model notion within financial
reporting as a first step a better understanding of the notion itself
should be gained. The objective of this paper is thus
to provide an overview of mainly academic literature on the topics
related to the discussion on the business model,
focusing on the meaning of the term business model rather than its
role in financial reporting. The paper does not
attempt to provide an exhaustive list of all the relevant research in
the area but attempts to highlight some of the
perceived key themes in the literature. In the literature, the
expression stands for various things, such as parts of a
business model, types of business models, concrete real world
instances of business models or concepts. Yet no
generally accepted definition of the term ʻbusiness modelʼ has
emerged. However we agree with Keen and Qureshi
(2006) that there are two common themes running through the majority
of business model conceptions: a) focus on
value and b) that a business model is a statement of the basic ʻlogicʼ
of the business. In addition, there are no
established general classifications of the business model, which
consequently provides little theoretical base for
business model research and application. Research about the role of
business models has been conducted in largely
isolated fashion within several literature streams. We also notice
confusion in the terminology, as business model,
economic model, business strategy, organisational design etc. are
often used interchangeably.
--
CA Ramachandran Mahadevan,M.Com.,F.C.A.,
Ales Novak
University of Maribor, Slovenia
The term ʻbusiness modelʼ has recently attracted increased attention
in the context of financial reporting and was
explicitly introduced in the IFRS literature when IFRS 9 Financial
Instruments was published in November 2009.
However IFRS 9 does not define the term ‘business model’. Since there
is no generally accepted definition of the term
‘business model’, we think that before investigating the possible role
of the business model notion within financial
reporting as a first step a better understanding of the notion itself
should be gained. The objective of this paper is thus
to provide an overview of mainly academic literature on the topics
related to the discussion on the business model,
focusing on the meaning of the term business model rather than its
role in financial reporting. The paper does not
attempt to provide an exhaustive list of all the relevant research in
the area but attempts to highlight some of the
perceived key themes in the literature. In the literature, the
expression stands for various things, such as parts of a
business model, types of business models, concrete real world
instances of business models or concepts. Yet no
generally accepted definition of the term ʻbusiness modelʼ has
emerged. However we agree with Keen and Qureshi
(2006) that there are two common themes running through the majority
of business model conceptions: a) focus on
value and b) that a business model is a statement of the basic ʻlogicʼ
of the business. In addition, there are no
established general classifications of the business model, which
consequently provides little theoretical base for
business model research and application. Research about the role of
business models has been conducted in largely
isolated fashion within several literature streams. We also notice
confusion in the terminology, as business model,
economic model, business strategy, organisational design etc. are
often used interchangeably.
--
CA Ramachandran Mahadevan,M.Com.,F.C.A.,
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