Abstract
The aim of this study is to map and analyse the dynamic structure and the evolution of topics in business model research during the period of 1993- 2016. Co-word analysis and maximum spanning tree analysis were employed to identify the main topics and research fronts, while clustering analysis and strategic diagrams were applied to visualize the research trends. The data set included 4134 articles that were grouped into three different periods: 1993-2005, 2006-2013, and 2014-2016, in order to reveal both how the results changed over time and what were the most recent research trends. The results showed business model literature had a stable diversity over time, and it was closely related to topics of electronic commerce in the early times, and continued to develop around topics of innovation, sustainability and strategy, while in the meantime technology development played as an important driving force especially in recent literature.
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