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Business model concept for construction businesses: a literature synthesis

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dc.contributor.author Abeynayake, DN
dc.contributor.author Perera, BAKS
dc.contributor.author Hadiwattege, C
dc.contributor.editor Sandanayake, YG
dc.contributor.editor Gunatilake, S
dc.contributor.editor Waidyasekara, KGAS
dc.date.accessioned 2023-01-13T02:53:39Z
dc.date.available 2023-01-13T02:53:39Z
dc.date.issued 2018-06
dc.identifier.citation ********** en_US
dc.identifier.uri http://dl.lib.uom.lk/handle/123/20156
dc.description.abstract Despite the importance of a business model (BM) to an organisation’s success, clearing up the fuzziness of the concept of BM before applying it to any business or sector is worthwhile. Since definitions are expected to bring clarity, this paper attempts to analyse various definitions given to BM by different authors. Accordingly, eight notions around which 31 definitions of BM have been centred were identified. These notions are based on stakeholders, value, revenue, strategies, process, causality, elements and dynamicity of the business with which all the BM definitional views are associated. In addition to its two key roles, value creation and value capture, BM plays several other roles as well. Some of these roles relate to being an opportunity facilitator; a common language; a source of industry change; a source of competitive advantage and an exemplar. The paper also distinguishes the term BM from the other commonly used term in the business language, ‘strategy’. Once the basis on which the preliminary views expressed by past researchers on the concept of BM is understood, it will be necessary to review the literature once again to get an understanding of the BM elements, BM design, BM changes and BM innovations, so that the concept of BM in the construction business environment and culture could be fully grasped. en_US
dc.language.iso en en_US
dc.publisher Ceylon Institute of Builders en_US
dc.relation.uri https://ciobwcs.com/downloads/WCS2018-Proceedings.pdf en_US
dc.subject Business model en_US
dc.subject Construction business en_US
dc.subject Definitional views en_US
dc.subject Strategy en_US
dc.title Business model concept for construction businesses: a literature synthesis en_US
dc.type Conference-Full-text en_US
dc.identifier.faculty Architecture en_US
dc.identifier.department Department of Building Economics en_US
dc.identifier.year 2018 en_US
dc.identifier.conference 7th World Construction Symposium 2018 en_US
dc.identifier.place Colombo en_US
dc.identifier.pgnos pp. 126-135 en_US
dc.identifier.proceeding Built Asset Sustainability: Rethinking Design, Construction and Operations en_US


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