Business models : a routine dynamics reconceptualization

Nair, Anup Karath and D'Adderio, Luciana and Corney, Jonathan; (2017) Business models : a routine dynamics reconceptualization. In: British Academy of Management 2017 Conference. British Academy of Management, GBR.

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    Abstract

    Despite its widespread use within strategy and innovation research the notion of “business model” as a theoretical construct remains ill-defined and conceptually underdeveloped. In this conceptual paper, we address these limitations, first, by identifying some of the reasons for the lack of consensus around business models conceptualisation, and, second, by reconceptualising business models from a novel perspective based on Routine Dynamics. More specifically, we show how the lack of theoretical integration between the transaction cost economics, Schumpeterian innovation, resource based theory, strategic networks and cognitive perspectives that underpin current business models research act as a major source of theoretical dissonance. We elaborate and illustrate these arguments by drawing on the business models of Amazon, a leading e-commerce firm. We then propose a routine dynamics perspective to integrate insights from the various perspectives within business model research. Our findings contribute towards further integrating BM research with Management and Organisational Theory.

    Creators(s): Nair, Anup Karath, D'Adderio, Luciana ORCID logoORCID: https://orcid.org/0000-0001-8240-6802 and Corney, Jonathan ORCID logoORCID: https://orcid.org/0000-0003-1210-3827;
    Item type:Book Section
    ID code:60597
    Keywords:business models, conceptualisation, transaction cost economics,, Schumpeterian innovation, resource based theory, strategic networks, cognitive perspectives, Management. Industrial Management, Strategy and Management
    Subjects:Social Sciences > Industries. Land use. Labor > Management. Industrial Management
    Department:Faculty of Engineering > Design, Manufacture and Engineering Management
    Strathclyde Business School > Hunter Centre For Entrepreneurship
    Strategic Research Themes > Innovation Entrepreneurship
    Depositing user: Pure Administrator
    Date deposited:03 May 2017 16:00
    Last modified:27 Jan 2021 10:00
    Related URLs:
    URI:https://strathprints.strath.ac.uk/id/eprint/60597
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