Title

“Fake it until you make it”: business model conceptualization in digital entrepreneurship

Document Type

Journal Article

Publisher

Routledge

School

School of Business and Law

RAS ID

24306

Comments

Originally published as: Standing, C., & Mattsson, J. (2016). “Fake it until you make it”: business model conceptualization in digital entrepreneurship. Journal of Strategic Marketing. Advance online publication. Original article available here

Abstract

Digital business model research spans the disciplines of information systems, marketing and entrepreneurship. Despite the growing research in the area there is a lack of understanding of how digital entrepreneurs identify business opportunities and conceptualize those in a business model. The literature on business models lacks consistent terminology and specification of critical components. Through an explorative study of digital entrepreneurs we examine how entrepreneurs identify business opportunities and how they translate them into a workable business idea. Although entrepreneurs typically have difficulty explaining their business model components we identified that critical features in our simplicity framework include three main modules, transaction/matching, marketing and back-office components, and simplicity in terms of value proposition, conceptualization approach and usability. This research proposes that a parsimonious view of digital business models, aligned with the lean start-up idea, makes sense for theory development and in terms of usefulness for entrepreneurs.

DOI

10.1080/0965254X.2016.1240218

Access Rights

free_to_read

Share

 
COinS