This paper provides a theoretically grounded framework for designing and analysing business models for ICT services, products and systems. It critically revisits the most topical literature on business modelling, as well as general strategic management, industrial organisation and network economics literature. Business model design is interpreted as the (re)configuration of control parameters on the one hand, and value parameters on the other hand, within a particular innovation system.
Ballon, Pieter, "Business Modelling as the Configuration of Control and Value" (2007). BLED 2007 Proceedings. 19.