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An Exploratory System Dynamics Model of Business Model Evolution

In: The 19th International Conference on Industrial Engineering and Engineering Management

Author

Listed:
  • Xiao-lin Shao

    (Zhejiang University)

  • Ju-wei Shi

    (China University of Petroleum)

Abstract

The evolution of the business model is a complex dynamic process and shows abundant dynamic characteristics, which are the integrated effects of surroundings and inter structure of the system. By developing causal loop diagrams and stock and flow diagrams, we build a scientific dynamic system model to identify the relationships among key variables in the business model and probe its evolutionary dynamics. As a result, we are able to lay the foundation for further research of business model evolution.

Suggested Citation

  • Xiao-lin Shao & Ju-wei Shi, 2013. "An Exploratory System Dynamics Model of Business Model Evolution," Springer Books, in: Ershi Qi & Jiang Shen & Runliang Dou (ed.), The 19th International Conference on Industrial Engineering and Engineering Management, edition 127, chapter 0, pages 1535-1544, Springer.
    • Handle: RePEc:spr:sprchp:978-3-642-38391-5_162
    DOI: 10.1007/978-3-642-38391-5_162
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