Business models: a routine dynamics reconceptualization

Anup Karath Nair, Luciana D'Adderio, Jonathan Corney

Research output: Chapter in Book/Report/Conference proceedingConference contribution book

Abstract

Despite its widespread use within strategy and innovation research the notion of “business model” as a theoretical construct remains ill-defined and conceptually underdeveloped. In this conceptual paper, we address these limitations, first, by identifying some of the reasons for the lack of consensus around business models conceptualisation, and, second, by reconceptualising business models from a novel perspective based on Routine Dynamics. More specifically, we show how the lack of theoretical integration between the transaction cost economics, Schumpeterian innovation, resource based theory, strategic networks and cognitive perspectives that underpin current business models research act as a major source of theoretical dissonance. We elaborate and illustrate these arguments by drawing on the business models of Amazon, a leading e-commerce firm. We then propose a routine dynamics perspective to integrate insights from the various perspectives within business model research. Our findings contribute towards further integrating BM research with Management and Organisational Theory.
LanguageEnglish
Title of host publicationBritish Academy of Management 2017 Conference
Subtitle of host publicationRe-connecting Management Research with the Disciplines : Shaping the Agenda for the Social Sciences
Place of PublicationWarwick
Publication statusPublished - 5 Sep 2017
EventBritish Academy of Management 2017 Conference: Reconnecting management research with the disciplines: Shaping the research agenda for the social sciences - University of Warwick, Warwick, United Kingdom
Duration: 5 Sep 20177 Sep 2017
https://www.bam.ac.uk/civicrm/event/info?id=3178

Conference

ConferenceBritish Academy of Management 2017 Conference
CountryUnited Kingdom
CityWarwick
Period5/09/177/09/17
Internet address

Fingerprint

Business model
Innovation
Conceptualization
Organizational theory
Transaction cost economics
Management theory
Electronic commerce
Strategic networks
Dissonance
Amazon
Joseph Schumpeter
Resource-based theory

Keywords

  • business models
  • conceptualisation
  • transaction cost economics,
  • Schumpeterian innovation
  • resource based theory
  • strategic networks
  • cognitive perspectives

Cite this

Nair, A. K., D'Adderio, L., & Corney, J. (2017). Business models: a routine dynamics reconceptualization. In British Academy of Management 2017 Conference: Re-connecting Management Research with the Disciplines : Shaping the Agenda for the Social Sciences Warwick.
Nair, Anup Karath ; D'Adderio, Luciana ; Corney, Jonathan. / Business models : a routine dynamics reconceptualization. British Academy of Management 2017 Conference: Re-connecting Management Research with the Disciplines : Shaping the Agenda for the Social Sciences. Warwick, 2017.
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Nair, AK, D'Adderio, L & Corney, J 2017, Business models: a routine dynamics reconceptualization. in British Academy of Management 2017 Conference: Re-connecting Management Research with the Disciplines : Shaping the Agenda for the Social Sciences. Warwick, British Academy of Management 2017 Conference, Warwick, United Kingdom, 5/09/17.

Business models : a routine dynamics reconceptualization. / Nair, Anup Karath; D'Adderio, Luciana; Corney, Jonathan.

British Academy of Management 2017 Conference: Re-connecting Management Research with the Disciplines : Shaping the Agenda for the Social Sciences. Warwick, 2017.

Research output: Chapter in Book/Report/Conference proceedingConference contribution book

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N2 - Despite its widespread use within strategy and innovation research the notion of “business model” as a theoretical construct remains ill-defined and conceptually underdeveloped. In this conceptual paper, we address these limitations, first, by identifying some of the reasons for the lack of consensus around business models conceptualisation, and, second, by reconceptualising business models from a novel perspective based on Routine Dynamics. More specifically, we show how the lack of theoretical integration between the transaction cost economics, Schumpeterian innovation, resource based theory, strategic networks and cognitive perspectives that underpin current business models research act as a major source of theoretical dissonance. We elaborate and illustrate these arguments by drawing on the business models of Amazon, a leading e-commerce firm. We then propose a routine dynamics perspective to integrate insights from the various perspectives within business model research. Our findings contribute towards further integrating BM research with Management and Organisational Theory.

AB - Despite its widespread use within strategy and innovation research the notion of “business model” as a theoretical construct remains ill-defined and conceptually underdeveloped. In this conceptual paper, we address these limitations, first, by identifying some of the reasons for the lack of consensus around business models conceptualisation, and, second, by reconceptualising business models from a novel perspective based on Routine Dynamics. More specifically, we show how the lack of theoretical integration between the transaction cost economics, Schumpeterian innovation, resource based theory, strategic networks and cognitive perspectives that underpin current business models research act as a major source of theoretical dissonance. We elaborate and illustrate these arguments by drawing on the business models of Amazon, a leading e-commerce firm. We then propose a routine dynamics perspective to integrate insights from the various perspectives within business model research. Our findings contribute towards further integrating BM research with Management and Organisational Theory.

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Nair AK, D'Adderio L, Corney J. Business models: a routine dynamics reconceptualization. In British Academy of Management 2017 Conference: Re-connecting Management Research with the Disciplines : Shaping the Agenda for the Social Sciences. Warwick. 2017