Business Models Evolution of Business Article

Total Length: 2175 words ( 7 double-spaced pages)

Total Sources: 12

Page 1 of 7

0 technologies ((Wirtz, Schilke, Ullrich, 2010)

Heavily reliant on a broad range of integration points throughout an enterprise, creating a real-time information network using collaboration technologies including Facebook-like applications ( Chatter)

Comparable in design objectives to the structure of the knowedlge-sharing ecosystem; yet this business model is based on real-time social media data and collaboration

Ideal for large, knowledge-based businesses that are growing rapidly; perfect fit for new business ventures based on consulting and subject matter expertise


The progression of business models has been from those initially focused on the internal needs of a company to the expectations, preferences, wants and needs of customers. Compounding this transition has been the need for providing customers with highly customized products and experiences (Pynnonen, Hallikas, Ritala, 2012). These factors have been taken into account in the analysis of the core business models that have dominated the global economic landscape from 1900 to today. The business model of today's key features are defined earlier in this analysis, in addition to showing how agility and responsiveness have won out over rigidity and cost reductions over time. The need for creating business models that stay in step with customers' expectations and needs have never been greater as businesses face greater uncertainty and risk in their core markets than ever before.


Cagliano, R., Caniato, F., & Spina, G. (2005). E-business strategy: How companies are shaping their supply chain through the internet.
International Journal of Operations & Production Management, 25(12), 1309-1327.

Dyer, J.H., & Nobeoka, K. (2000). Creating and managing a high-performance knowledge-sharing network: The toyota case. Strategic Management Journal, 21(3), 345-367.

Hamel, G. (2011). Extreme makeover. Leadership Excellence, 28(1), 3-4.

Hearle, J.W.S. (2004). The challenge of changing from empirical craft to engineering design. International Journal of Clothing Science and Technology, 16(1), 141-152.

Kujala, S., Kujala, J., Turkulainen, V., Artto, K., Aaltonen, P., & Wikstrom, K. (2011). Factors influencing the choice of solution-specific business models. International Journal of Project Management, 29(8), 960.

Linder, J.C., & Cantrell, S. (2001). Five business-model myths that hold companies back. Strategy & Leadership, 29(6), 13-18.

Mitchell, M.F. (2005). Specialization and the skill premium in the 20th century*. International Economic Review, 46(3), 935-955.

Pensieroso, L. (2011). Real business cycle models of the great depression. Cliometrica, 5(2), 101-119.

Porter, M.E. (2001, Strategy and the internet. Harvard Business Review, 79, 63-78.

Porter, M.E. (1986). Changing patterns of international competition. California Management Review, 28(2), 9-9.

Pynnonen, M., Hallikas, J., & Ritala, P. (2012). Managing customer-driven business model innovation. International Journal of Innovation Management, 16(4), 1.

Rebelo, S. (2005). Real business cycle models: Past, present and future. The Scandinavian Journal of Economics, 107(2), 217-238.

Shi, Y., & Manning, T. (2009). Understanding business models and business model risks. The Journal of Private Equity, 12(2), 49-59.

Teece, D.J. (2010)......

Have Any Questions? Our Expert Writers Can Answer!

Need Help Writing Your Essay?