Paper 1

Question 1

What are common themes among scholars of business models?

Answer 1

1. The business model is emerging as a new unit of analysis
2. A holistic perspective on how firms do businbess
3. An emphasis on activities
4. An acknowledgement of the importance of value creation

Question 2

What are the 3 phenomena of business model innvotion according to paper 1?

Answer 2

1. E-business and the use of information technology in organizations
2. Strategic issues, such as value creation and competitive advantage
3. Innovation and technology management

Question 3

What is e-business?

Answer 3

Doing business electronically

• e-commerce
• e-markets
• internet-based business

Question 4

What are the two research streams of e-business?

Answer 4

1. Aim to describe generic e-business models and provide typologies
2. Focus on the components of e-business models

Question 5

How do Seelos and Mair conceptualize a business model?

Answer 5

“A set of capabilities that is configured to enable value creation consistent with their economic or social strategic objectives”

Question 6

What are four potential sources of value creation according to Amit and Zott?

Answer 6

• Novelty
• Lock-In
• Complementarities
• Efficiency

Question 7

How do Afuh and Tucci conceptualize the business model?

Answer 7

The method by which a firm builds and uses its resources to offer its customers better value and to make money in doing so

Question 8

According to paper 1, what are 2 design themes around which the business model can be orchestrated?

Answer 8

1. Efficiency

2. Novelty

Question 8

Business model design and product market strategy are?

Complements/Substitues

Answer 8

Complements

Question 9

What are the two main concepts of differentiation?

Answer 9

1. Traditional emphasis of strategy on competition, value capture and competitive advantage
2. Focus on the value proposition and a generalized emphasis on the role of the customer

Question 10

What are the tree field aspects of strategy?

Answer 10

• The networked nature of value creation
• The relationship between business models and firm performance
• The distinction between business model and other strategy concepts

Question 11

What is collaborative entrepreneurship?

Answer 11

The creation of something of economic value based on new jointly generated ideas that emerge from sharing of information and knowledge

Question 12

What does open innovation require?

Answer 12

The adaption of new, open business models designed for sharing or licensing technologies.