The business model as a generative replicator

Olivier Brette () and Virgile Chassagnon
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Olivier Brette: INSA Lyon - Institut National des Sciences Appliquées de Lyon - Université de Lyon - INSA - Institut National des Sciences Appliquées, TRIANGLE - Triangle : action, discours, pensée politique et économique - ENS de Lyon - École normale supérieure de Lyon - Université de Lyon - UL2 - Université Lumière - Lyon 2 - IEP Lyon - Sciences Po Lyon - Institut d'études politiques de Lyon - Université de Lyon - UJM - Université Jean Monnet - Saint-Étienne - CNRS - Centre National de la Recherche Scientifique

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Abstract: This paper proposes a new conceptualization of business model (BM) that rigorously exploits the important insights this notion offers and links them to related views developed in economics and business studies. We develop the foundations of a BM concept consistent with the principles of generalized Darwinism (GD) and with contributions already developed within this framework. Thus, we demonstrate the relevance of GD as a unifying framework for developing the evolutionary theory of firm and industry. We suggest analysing BM as a generative replicator hosted by the firm, which structures interactions between the members of this organization and the social entities of its industrial environment. We argue that GD allows us to clarify the nature and boundaries of the BM concept and to specify its relationships to other key evolutionary concepts, such as organizational routines.

Keywords: business model; evolutionary economics; firm; generalized Darwinism; industry; replicator; routine (search for similar items in EconPapers)
Date: 2021
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Published in Journal of Institutional Economics, 2021, 17 (5), pp.746-763. ⟨10.1017/S1744137421000242⟩

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Related works:
Journal Article: The business model as a generative replicator (2021)
Working Paper: The business model as a generative replicator (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-03223118

DOI: 10.1017/S1744137421000242

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