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Business model risk and uncertainty factors: Toward building and maintaining profitable and sustainable business models

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  • Brillinger, Anne-Sophie
  • Els, Christian
  • Schäfer, Björn
  • Bender, Beate

Abstract

Business models and business model innovation—and particularly their opportunities—have been a popular topic recently, but we find the extant literature on the subject lacking. The risk and uncertainty aspect typical of business models has not been sufficiently addressed. We draw upon the existing literature and triangulate results with an extensive expert group interview to identify 28 risk and uncertainty factor groups, creating a checklist that can be used as the first step in an integrative business model risk management process for existing and new iterations. With an established process for managing and identifying risk in business models, managers can make more conscious and well-informed decisions.

Suggested Citation

  • Brillinger, Anne-Sophie & Els, Christian & Schäfer, Björn & Bender, Beate, 2020. "Business model risk and uncertainty factors: Toward building and maintaining profitable and sustainable business models," Business Horizons, Elsevier, vol. 63(1), pages 121-130.
    • Handle: RePEc:eee:bushor:v:63:y:2020:i:1:p:121-130
    DOI: 10.1016/j.bushor.2019.09.009
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    1. Hao NingShan & Dragomir Voicu D., 2024. "The Characteristics and Institutional Factors of Sustainable Business Models," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 18(1), pages 2075-2085.
    2. Andrea Tuni & Fiona Gutteridge & Winifred L. Ijomah & Maryam Mirpourian, 2024. "Risks in circular business models innovation: A cross‐industrial case study for composite materials," Business Strategy and the Environment, Wiley Blackwell, vol. 33(4), pages 2771-2787, May.
    3. Xingyu Qi & Songyan Han, 2022. "The Way toward Sustainability: Policy Attention Evolution of Chinese Local Governments to Promote Entrepreneurship of Returnees Based on Grounded Theory and Social Network Analysis," Sustainability, MDPI, vol. 14(20), pages 1-25, October.
    4. Fuxia Gao & Chuan Lin & Haomiao Zhai, 2022. "Digital Transformation, Corporate Innovation, and International Strategy: Empirical Evidence from Listed Companies in China," Sustainability, MDPI, vol. 14(13), pages 1-19, July.
    5. Yi, Yaqun & Wang, Yunhui & Shu, Chengli, 2020. "Business model innovations in China: A focus on value propositions," Business Horizons, Elsevier, vol. 63(6), pages 787-799.
    6. Michael Fruhwirth & Viktoria Pammer-Schindler & Stefan Thalmann, 2024. "Knowledge Leaks in Data-Driven Business Models? Exploring Different Types of Knowledge Risks and Protection Measures," Schmalenbach Journal of Business Research, Springer, vol. 76(3), pages 357-396, September.

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