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Business models and the managerial sensemaking process

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  • Syrus Islam

Abstract

This study examines the managerial sensemaking process around business models. Drawing on fieldwork, this study introduces a model to describe how managerial sensemaking occurs around business model development and use. This study shows that managerial sensemaking around business models occurs through a mutually co‐constituted process, a separate yet shared process, or a combination of them resulting from an interplay between sensemaking and sensegiving activities. To facilitate their sensemaking around business models, managers draw on several schemas. Over time, some schemas underlying business models remain unchanged, while others change in varying degrees.

Suggested Citation

  • Syrus Islam, 2019. "Business models and the managerial sensemaking process," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 59(3), pages 1869-1890, September.
    • Handle: RePEc:bla:acctfi:v:59:y:2019:i:3:p:1869-1890
    DOI: 10.1111/acfi.12459
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    Cited by:

    1. Daniela Andreini & Cristina Bettinelli & Nicolai J. Foss & Marco Mismetti, 2022. "Business model innovation: a review of the process-based literature," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 26(4), pages 1089-1121, December.
    2. Tim Heubeck & Reinhard Meckl, 2022. "Antecedents to cognitive business model evaluation: a dynamic managerial capabilities perspective," Review of Managerial Science, Springer, vol. 16(8), pages 2441-2466, November.
    3. Kylie J. Gilbey & Sharon Purchase, 2023. "Segmented financial risk tolerances within the standardised initial public offering regulatory environment of the Australian Securities Exchange," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 63(S1), pages 1447-1475, April.

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