Abstract
The construction of the business model is to shape the structure of various activities in the plate according to the task attributes and task objectives of each section in the business model. The Dynamic Capabilities of the enterprise determine the result of the construction of the business model, and its strength also affects the adaptation and operation of the business model institutions to the new business model. Enterprises with strong Dynamic Capabilities have a good execution ability in the business model architecture, and can also quickly adapt to the structural framework of changing their business model, and improve the feasibility of the actual operation of the business model. This paper will be in the framework of the Dynamic Capabilities theory, the construction of business model, through the case from model construction, design innovation to the coordinated operation of the new model, concluded that the two have a strong interaction, including the enterprise higher-order Dynamic Capabilities has a strong positive influence on the choice of business model, construction and application.
Highlights
The business model is the enterprise as the core of the stakeholders to complete the two basic tasks of "creating customer value" and "acquiring enterprise interests".As Joan Magretta, a famous scholar at Harvard University pointed out: business models are the story of how innovators make money, and the idea of the business innovation building activities to carry out
This paper emphasizes the coupling relationship between some business models and dynamic capabilities, at its core are powerful dynamic capabilities that help build and implement efficient business models. It discusses how core enterprise resources influence dynamic capabilities to further affect the efficacy of business models
A good business model, by making smart "make or buy" choices, can free up more resources to invest in future business development and help an organization reorient its strategic focus
Summary
The business model is the enterprise as the core of the stakeholders to complete the two basic tasks of "creating customer value" and "acquiring enterprise interests".As Joan Magretta, a famous scholar at Harvard University pointed out: business models are the story of how innovators make money, and the idea of the business innovation building activities to carry out. In the process of critical inheritance and development of resource foundation theory, Dynamic Capabilities theory explains how its ability determines the design and operation of business model, and its higher-order Dynamic Capabilities is a necessary condition for business model design, optimization, operation, and transformation. Higher-order Dynamic Capabilities to guide these micro basic ability: reflected in the enterprise is good at thinking of customer value proposition, to design a business model to solve customer problems, its scheme and according to the existing organization form and development plan to choose the best configuration of organizational structure to achieve the best resources transformation, and determine the interests of the enterprise. This paper discusses the design, construction, and operation of the business model under the framework of Dynamic Capabilities theory, focusing on the conception value, design scheme, and transformation benefit ability of the senior managers of enterprises who attach the most importance (or attention)
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