An Exploratory System Dynamics Model of Business Model Evolution

Xiao-lin Shao () and Ju-wei Shi
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Xiao-lin Shao: Zhejiang University
Ju-wei Shi: China University of Petroleum

Chapter Chapter 162 in The 19th International Conference on Industrial Engineering and Engineering Management, 2013, pp 1535-1544 from Springer

Abstract: Abstract The evolution of the business model is a complex dynamic process and shows abundant dynamic characteristics, which are the integrated effects of surroundings and inter structure of the system. By developing causal loop diagrams and stock and flow diagrams, we build a scientific dynamic system model to identify the relationships among key variables in the business model and probe its evolutionary dynamics. As a result, we are able to lay the foundation for further research of business model evolution.

Keywords: Business model evolution; Causal loop diagram; Stock and flow diagram; System dynamic model (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-642-38391-5_162

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DOI: 10.1007/978-3-642-38391-5_162

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