Digital Business Models Flashcards
Business models
Business models are a description of how companies make money or generate value
Example business models
Airbnb, Giffgaff, Ali Baba
Operand resources and operant resources
Operand resources are physical resources whilst operant resources act on other resources
Business model analysis frameworks
Value flow analysis and Hedman and Kalling model
Value flow analysis
Consists of only circles and arrows. Stakeholders in the circles and arrows showing how the stakeholders are linked
Issues around value creation
What is value creation. The process by which value is created. The mechanisms that allow the creator of the value to capture the value
Two types of value
Use value and exchange value
Hedman and Kalling
Strategy theory concerns the explanations of firm performance in a competitive environment
