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The S&P 500 Real Estate Index Sector (SP500-60) rose 2.42% from the prior week to close at 265.53, while the accompanying Real Estate Select Sector SPDR Fund ETF (XLRE) added 2.44% to 42.34.
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And it really seems that the business model is emerging as a new unit of analysis (Zott et al., 2011). These authors offer a variety of definitions, but a general consensus on the definition of the business model has not been reached.
What factors contribute to the complexity of business model research?The paper reveals that business model research is complex due to divergent definitions and multiple perspectives, including technological, economic, operational, and strategic aspects. This heterogeneity hinders consensus and clarity in understanding business model elements.How has the academic literature on business models evolved over time?The study indicates significant growth in academic articles featuring the term 'business model,' increasing from single digits to over 100 annually since the 1990s. This surge correlates with the rise of the internet and e-commerce, which heightened the relevance of business models in practice.What are common elements defined within business models?Approximately 387 distinct elements related to business models were identified, with 'value proposition', 'customer', 'product', and 'resources' being the most frequently mentioned. In particular, the value proposition appears in one-third of reviewed publications, highlighting its critical role.