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Defining the Business Model in the New World of Digital Business
Proceedings of the Americas Conference on Information Systems (AMCIS) (2008)
  • Mutaz M. Al-Debei
  • Ramzi El-Haddadeh
  • David Avison
Abstract

Recent rapid advances in ICTs, specifically in Internet and mobile technologies, have highlighted the rising importance of the Business Model (BM) in Information Systems (IS). Despite agreement on its importance to an organization’s success, the concept is still fuzzy and vague, and there is no consensus regarding its definition. Furthermore, understanding the BM domain by identifying its meaning, fundamental pillars, and its relevance to other business concepts is by no means complete. In this paper we aim to provide further clarification by first presenting a classification of definitions found in the IS literature; second, proposing guidelines on which to develop a more comprehensive definition in order to reach consensus; and third, identifying the four main business model concepts and values and their interaction, and thus place the business model within the world of digital business. Based on this discussion, we propose a new definition for the business model that we argue is more appropriate to this new world.

Keywords
  • Business Model,
  • Digital Business,
  • Information Systems.
Publication Date
2008
Citation Information
Mutaz M. Al-Debei and David Avison. "Defining the Business Model in the New World of Digital Business" Proceedings of the Americas Conference on Information Systems (AMCIS) 2008 (2008): 1-11. Available at: http://works.bepress.com/mutaz_al-debei/22