Business Model Concept: An Integrative Framework Proposal
Vanja Vitezić () and
Additional contact information
Marko Peric: University of Rijeka, Croatia
Jelena Durkin: University of Rijeka, Croatia
Managing Global Transitions, 2017, vol. 15, issue 3 (Fall), 255-274
Every firm employs a particular business model seeking competitive advantage. However, this pursuit is difficult, and sometimes unsuccessful. The reasons for failure should be sought in the managers’ lack of understanding of their organisations’ business models, their unique building blocks, and the potential that they have. To help managers better understand business models, this paper reviews the extant literature and identifies the elements of business models cited therein. Further, considering the new needs on the changing markets and the prevailing search for sustainability beyond profit, this paper portrays essential business model elements in an integrated framework. An updated generic business model framework consists of four primary categories, namely, value proposition, value capture, value creation, and value network, and could be useful for a variety of organisations, profit and non-profit, with various mission and vision orientations and interaction with the environment.
Keywords: business model; value proposition; value creation; value capture; value network (search for similar items in EconPapers)
JEL-codes: L26 M10 (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:mgt:youmgt:v:15:y:2017:i:3:p:255-274
Ordering information: This journal article can be ordered from
Access Statistics for this article
Managing Global Transitions is currently edited by Jana Hojnik
More articles in Managing Global Transitions from University of Primorska, Faculty of Management Koper Contact information at EDIRC.
Bibliographic data for series maintained by Alen Jezovnik ().