Towards a Component-based Description of Business Models: A State-of-the-Art Analysis

Since the mid-1990s, in the course of the raising commercial use of modern ICT and the transformation of traditional to digital business, the business model concept has emerged as a promising unit of analysis in business practice that has attracted increasing interest in research. To describe business models, they are usually broken down to single business model components. Unfortunately, no uniform framework of business model components has been established so far. Thus, this paper presents a comprehensive analysis of business model components proposed in literature as well as harmonizes and categorizes them by constructing an overall framework.