Proceedings of IFIP 8.2/Organizations and Society in Information Systems (OASIS)
A business model is the conceptual foundation that determines how an organization creates and captures value. Prior research suggests that three main types of business models exist--closed, open, and co-created. Central to each of these models is the role of the organizational boundary which can protect an organizationâ€™s internal resources (i.e., closed), funnel knowledge from external resources into an organization (i.e., open), or act as a bridge between the organization and its environment (i.e., co-created). The purpose of this manuscript is to highlight the characteristics of each model and outline a research agenda which explores the role information technology plays in facilitating value creation.
Di Gangi, Paul, " Exploring Business Models and the Role of Information Technology on Value Creation" (2010). All Sprouts Content. 385.