• ISSN: 2301-3567 (Print), 2972-3981 (Online)
    • Abbreviated Title: J. Econ. Bus. Manag.
    • Frequency: Quarterly
    • DOI: 10.18178/JOEBM
    • Editor-in-Chief: Prof. Eunjin Hwang
    • Executive Editor: Ms. Fiona Chu
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HOME > Archive > 2020 > Volume 8 Number 2 (May 2020) >
JOEBM 2020 Vol.8(2): 74-79 ISSN: 2301-3567
DOI: 10.18178/joebm.2020.8.2.616

Concept and Building Blocks of a Business Model: A Systematic Literature Review

Bin Gao, Shaofeng Liu, Genhua Pan, and Aira Patrice R. Ong

Abstract—Business model has been drawing attention from both industry and academia. It plays a crucial role in business operations and strategy. In the revolutionary and competitive environment, business model innovation is likely to lead to better business performance. However, there have been diverse interpretations on the concept and building blocks of a business model. The purpose of this paper is to provide some common understanding on the concept and its core building blocks in order to progress to the development of an innovative business model. A systematic literature review has been undertaken to gain insights into the key themes of the topic, before some recommendations for business model development are made.

Index Terms—Business model, value beneficiary, value capture, value chain, value creation.

Bin Gao, Shaofeng Liu, Genhua Pan, and Aira Patrice R. Ong are with the University of Plymouth, UK (e-mail: tony.gao@plymouth.ac.uk).

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Cite:Bin Gao, Shaofeng Liu, Genhua Pan, and Aira Patrice R. Ong, "Concept and Building Blocks of a Business Model: A Systematic Literature Review," Journal of Economics, Business and Management vol. 8, no. 2, pp. 74-79, 2020.

Copyright © 2020 by the authors. This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited (CC BY 4.0).

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