{"id":1383,"date":"2017-12-27T14:19:08","date_gmt":"2017-12-27T13:19:08","guid":{"rendered":"https:\/\/frjournal.eu\/journal\/?p=1383"},"modified":"2017-12-27T14:19:08","modified_gmt":"2017-12-27T13:19:08","slug":"business-model-literature-overview","status":"publish","type":"post","link":"https:\/\/frjournal.eu\/journal\/2017\/12\/27\/business-model-literature-overview\/","title":{"rendered":"Business Model Literature Overview"},"content":{"rendered":"

Novak Ales\/\u00a0Financial Reporting<\/a>,\u00a0Riviste<\/a>\u00a0\/\u00a0Fascicolo: 1-2014<\/p>\n

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The term \u201cbusiness model\u201d has recently attracted increased attention in the context of financial reporting and was formally introduced into the IFRS literature when IFRS 9 Financial Instruments was published in November 2009. However, IFRS 9 did not fully define the term \u2018business model\u2019. Furthermore, the literature on business models is quite diverse. It has been conducted in largely isolated fashion; therefore, no generally accepted definition of ?business model\u2019 has emerged. Therefore, a better understanding of the notion itself should be developed before further investigating its potential role within financial reporting. The aim of this paper is to highlight some of the perceived key themes and to identify other bases for grouping\/organizing the literature based on business models. The contributions this paper makes to the literature are twofold: first, it complements previous review papers on business models; second, it contains a clear position on the distinction between the notions of the business model and strategy, which many authors identify as a key element in better explaining and communicating the notion of the business model. In this author\u2019s opinion, the term \u2018strategy\u2019 is a dynamic and forward-looking notion, a sort of directional roadmap for future courses of action, whereas, \u2018business model\u2019 is a more static notion, reflecting the conceptualisation of the company\u2019s underlying core business logic. The conclusion contains the author\u2019s thoughts on the role of the business model in financial reporting.<\/p>\n

Keywords:\u00a0<\/strong>Business model, literature overview, meaning of the term, strategy<\/p>\n

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