The Role of Business Models in Managing Organisations in Turbulent Times

Joanna Œwierk
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Joanna Œwierk: Maria Curie-Sklodowska University in Lublin, Poland

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Abstract: Nowadays, the concept of a business model has been widely discussed both in the literature and business practice. In the article, the author presents different approaches to its definition. In general, a business model describes how an organization creates, delivers, and captures value in economic, social, cultural or other contexts. The model includes elements of a business, as well as the revenues it generates and expenses it incurs. In addition, the relationship between a business strategy and a business model of an organization has been discussed. The aim of this article is to demonstrate the business model and its relationships with the strategy as a tool used by modern enterprises. The business model is an important component in managing an organization. In order to face challenges of the changing business environment, enterprises should design business models in a flexible manner to build sustainable competitive advantage.

Keywords: definition and components of a business model; strategy; managing organisations; turbulent environment (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:tkp:mklp16:785-792

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