Abstract
Purpose: This study explores business models within a
particular domain of Industrial Internet.
Design/Methodology/Approach: Building from theory, this
study is conceptual in nature. Findings: This paper
presents a business model framework for understanding the
dynamics of value co-creation and co-capture from
lifecycle and ecosystem configuration point of view.
Research limitations/implications: This study stresses
the need to understand how the integrated, co-dependent
processes of value co-creation and co-capture influence
on business models of individual
firms in co-evolving business ecosystems. Practical
implications: To fully benefit from the mutually
connected opportunities enabled by IoT, it is important
for firms to position themselves within the ecosystem in
terms of the stage of product or
service life cycle as well as the scale and scope of
ecosystem configuration. Originality/value: The
originality of this research thus relates to expanding
the business model literature from ecosystemic
perspective.
Original language | English |
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Pages (from-to) | 42-59 |
Journal | Journal of Business Models |
Volume | 4 |
Issue number | 2 |
DOIs | |
Publication status | Published - 2016 |
MoE publication type | A1 Journal article-refereed |
Keywords
- ecosystem
- industrial internet
- internet of things
- value co-creation
- value co-capture