The dynamic business model: a dynamic perspective for business models design

Federico Cosenz, Guido Noto

Abstract


Building on the extant literature on business modelling and focussing on start-up firms, this article aims at exploring the combination between conventional business model schemes and System Dynamics methodology with the intent to overcome those limitations related to a static design approach. By mapping the multiple key elements underlying value creation processes – linked according to a cause-and-effect perspective – and with the support of a simulation-based methodology, entrepreneurs may experiment and understand how the firm reacts to strategic and organizational changes in terms of performance, innovation and value creation.

Keywords


business models; system dynamics; start-up

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References


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DOI: http://dx.doi.org/10.14596/pisb.257

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