Innovative business models are crucial for a firm’s competitive success. When adapting a business model, it is key to understand existing interrelations between its components, as a change in a single component can lead to various changes in other components. Furthermore, the influence of external triggers on components is crucial to understand the inherent dynamics caused by these interrelations. With this study, we gather, describe, and classify interrelations between business model components based on the existing literature. In research, these results can be used to model the inherent dynamics of business models. In practice, this knowledge helps to develop and maintain a stable business model by considering the found interrelations of its components. Furthermore, it supports the evaluation and implementation of changes in BMs. Moreover, we contribute to research on business model innovation, dynamic business models, and cognitive biases in the use of business models.
Schaffer, Norman; Drieschner, Clemens; and Krcmar, Helmut, "An Analysis of Business Model Component Interrelations" (2020). PACIS 2020 Proceedings. 82.
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