Is the Business Model a Useful Strategic Concept? Conceptual, Theoretical, and Empirical Insights

  • Micheal Morris Syracuse University
  • Minet Schindehutte Syracuse University
  • James Richardson University of Hawaii
  • Jeffrey Allen University of Central Florida

Abstract

Although a widely used managerial concept, the notion of a "business model" has only recently begun to receive serious attention from researchers. While disparate opinions exist regarding its nature, the business model holds promise as a focal point for the development of theory in entrepreneurship. Realizing this promise requires progress not only in how to conceptualize the business model but, also, in how to measure a firm's model and draw comparisons across model types. Utilizing a six-component framework published earlier by the authors, a methodology for measuring the business model is demonstrated with a random sample of high-growth firms. Cluster analysis indicates the existence of four generic models. Suggestions are made and implications drawn for ongoing theory development and entrepreneurial practice.
Published
Jan 20, 2006
How to Cite
MORRIS, Micheal et al. Is the Business Model a Useful Strategic Concept? Conceptual, Theoretical, and Empirical Insights. Journal of Small Business Strategy, [S.l.], v. 17, n. 1, p. 27-50, jan. 2006. ISSN 2380-1751. Available at: <http://libjournals.mtsu.edu/index.php/jsbs/article/view/62>. Date accessed: 18 dec. 2017.
Section
Articles