Digital Business Models: Review and Synthesis

Abstract

While technological disruptions are changing the competitive landscape, their full impact on business structures, processes, and innovativeness are less understood and vary significantly across companies in the same industry, and may ironically be similar for companies in different industries. A primary reason for such a seemingly “random process” is the lack of a generally accepted definition of the term “business model” within which to provide systematic analyses. In fact, multiple definitions of business models exist, which pose significant challenges for understanding essential components.