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Cited by 983Business Strategies and InnovationInnovation and Knowledge ManagementEntrepreneurship Studies and Influences

The Business Model in Practice and its Implications for Entrepreneurship Research

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George, Gerard, Bock, Adam J.·2011·Entrepreneurship Theory and Practice
DOI 10.1111/j.1540-6520.2010.00424.x
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Abstract

While the term “business model” has gained widespread use in the practice community, the academic literature on this topic is fragmented and confounded by inconsistent definitions and construct boundaries. In this study, we review prior research and reframe the business model with an entrepreneurial lens. We report on a discourse analysis of 151 surveys of practicing managers to better understand their conceptualization of a business model. We find that the underlying dimensions of the business model are resource structure, transactive structure, and value structure, and discuss the nature and implications of dimensional dominance for firm characteristics and behavior. These findings provide new directions for theory development and empirical studies in entrepreneurship by linking the business model to entrepreneurial cognition, opportunity co–creation, and organizational outcomes.

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  • The importance of innovativeness confirmed by both PLS-SEM and fsQCA results indicates that BMs represent a component of innovation commercialization that is managed separately, but in accordance with the value innovation process.

    “In addition, the importance of innovativeness confirmed by both PLS-SEM and fsQCA results indicate that BMs represent a component of innovation commercialization that is managed separately, but in accordance with the value innovation process (George & Bock, 2011).”

    From Digitalization, business models, and SMEs: How do business model innovation practices improve performance of digitalizing SMEs? (2019) · cites this paper as George & Bock, 2011

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Authors
George, G., & Bock, A. J.
Affiliations
Imperial College London (GB)
Corresponding author
  • George, Gerard
  • Bock, Adam J.
ORCID
George, Gerard
Venue
Entrepreneurship Theory and Practice
Publisher
SAGE Publications
Published
2011-01
Volume
35
Issue
1
Pages
83-111
ISSN
  • 1042-2587 (ISSN-L)
  • 1540-6520
DOI
10.1111/j.1540-6520.2010.00424.x
OpenAlex
W3123995026
Cited by
983
References
2
Citations by year
2026: 21 · 2025: 37 · 2024: 50 · 2023: 79 · 2022: 63 · 2021: 71 · 2020: 88 · 2019: 70 · 2018: 91 · 2017: 104 · 2016: 65 · 2015: 82 · 2014: 69 · 2013: 50 · 2012: 26
FWCI
41.27
Type
journal article
Language
en
Open access
Licence
journals.sagepub.com/page/policies/text-and-data-mining-license (tdm)
Locations
  • Entrepreneurship Theory and Practice (publishedVersion)
  • SSRN Electronic Journal (publishedVersion)
  • Singapore Management University Institutional Knowledge (InK) (Singapore Management University) (submittedVersion)
  • RePEc: Research Papers in Economics (submittedVersion)
  • Edinburgh Research Explorer (University of Edinburgh) (submittedVersion, other-oa)
Funders
Economic and Social Research Council (ES/E019366/1, ES/H046569/1)
Topics
  • Social Sciences › Business, Management and Accounting › Strategy and Management › Business Strategies and Innovation
  • Social Sciences › Business, Management and Accounting › Strategy and Management › Innovation and Knowledge Management
  • Social Sciences › Business, Management and Accounting › Management of Technology and Innovation › Entrepreneurship Studies and Influences
Keywords
business models, entrepreneurship research, resource structure, value structure, entrepreneurial cognition, organizational outcomes

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