IDEAS home Printed from https://ideas.repec.org/a/eee/bushor/v63y2020i1p121-130.html

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

Author

Listed:
  • 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
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0007681319301326
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.bushor.2019.09.009?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to

    for a different version of it.

    References listed on IDEAS

    as
    1. Rainer Lueg & Maria Medelby Pedersen & Søren Nørregaard Clemmensen, 2015. "The Role of Corporate Sustainability in a Low‐Cost Business Model – A Case Study in the Scandinavian Fashion Industry," Business Strategy and the Environment, Wiley Blackwell, vol. 24(5), pages 344-359, July.
    2. Berdica, Katja, 2002. "An introduction to road vulnerability: what has been done, is done and should be done," Transport Policy, Elsevier, vol. 9(2), pages 117-127, April.
    3. Knights, D. & Vurdubakis, T., 1993. "Calculations of risk: Towards an understanding of insurance as a moral and political technology," Accounting, Organizations and Society, Elsevier, vol. 18(7-8), pages 729-764.
    4. Hallikas, Jukka & Karvonen, Iris & Pulkkinen, Urho & Virolainen, Veli-Matti & Tuominen, Markku, 2004. "Risk management processes in supplier networks," International Journal of Production Economics, Elsevier, vol. 90(1), pages 47-58, July.
    5. Paola Musile Tanzi & Elena Aruanno & Mattia Suardi, 2018. "A European banking business models analysis: the investment services case," Journal of Financial Regulation and Compliance, Emerald Group Publishing Limited, vol. 26(1), pages 35-57, February.
    6. Anne-Sophie Brillinger, 2018. "Mapping Business Model Risk Factors," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 22(05), pages 1-29, June.
    7. Valérie Sabatier & Vincent Mangematin & Tristan Rouselle, 2010. "From Business model to Business model portfolio in the european biopharmaceutical industry," Grenoble Ecole de Management (Post-Print) hal-00430782, HAL.
    8. Franziska Günzel & Anna B. Holm, 2013. "One Size Does Not Fit All — Understanding The Front-End And Back-End Of Business Model Innovation," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 17(01), pages 1-34.
    9. Valérie Sabatier & Vincent Mangematin & Tristan Rouselle, 2010. "From Business model to Business model portfolio in the european biopharmaceutical industry," Post-Print hal-00430782, HAL.
    10. Jan F. Tesch & Anne-Sophie Brillinger & Dominik Bilgeri, 2017. "Internet Of Things Business Model Innovation And The Stage-Gate Process: An Exploratory Analysis," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 21(05), pages 1-19, June.
    11. Mark Farrell & Ronan Gallagher, 2015. "The Valuation Implications of Enterprise Risk Management Maturity," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 82(3), pages 625-657, September.
    12. Nebahat Tokatli, 2008. "Global sourcing: insights from the global clothing industry—the case of Zara, a fast fashion retailer," Journal of Economic Geography, Oxford University Press, vol. 8(1), pages 21-38, January.
    13. Evans David S., 2003. "Some Empirical Aspects of Multi-sided Platform Industries," Review of Network Economics, De Gruyter, vol. 2(3), pages 1-19, September.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. 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.
    2. 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.
    3. 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.
    4. 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.
    5. 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.
    6. Chunmei Xu & Yan Kong, 2024. "Random forest model in tax risk identification of real estate enterprise income tax," PLOS ONE, Public Library of Science, vol. 19(3), pages 1-16, March.
    7. 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.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. 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.
    2. Anne-Sophie Brillinger, 2018. "Mapping Business Model Risk Factors," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 22(05), pages 1-29, June.
    3. Sarel Gronum & John Steen & Martie-Louise Verreynne, 2016. "Business model design and innovation: Unlocking the performance benefits of innovation," Australian Journal of Management, Australian School of Business, vol. 41(3), pages 585-605, August.
    4. Beatrice d'Ippolito, 2014. "The importance of design for firms' competitiveness: a review of the literature," Working Papers hal-00936947, HAL.
    5. Mark Loon & Xiaohong Iris Quan, 2021. "Theorising business model innovation: An integrated literature review," Australian Journal of Management, Australian School of Business, vol. 46(3), pages 548-577, August.
    6. Czinkota, Michael & Kaufmann, Hans Rüdiger & Basile, Gianpaolo & Ferri, Maria Antonella, 2020. "For-Benefit Company (fBComp): An innovative social-business model. The Italian case," Journal of Business Research, Elsevier, vol. 119(C), pages 377-387.
    7. Li, Feng, 2020. "The digital transformation of business models in the creative industries: A holistic framework and emerging trends," Technovation, Elsevier, vol. 92.
    8. Susan Lambert & Marco Montemari, 2017. "Business Model Research: From Concepts to Theories," International Journal of Business and Management, Canadian Center of Science and Education, vol. 12(11), pages 1-41, October.
    9. René Bohnsack & Francesca Ciulli & Ans Kolk, 2021. "The role of business models in firm internationalization: An exploration of European electricity firms in the context of the energy transition," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 52(5), pages 824-852, July.
    10. Svetlana V. Orekhova & Andrey V. Misyura & Evgeny V. Kislitsyn, 2020. "Managing the increasing returns of a high-tech business model in industry: Classic and ecosystem effects," Upravlenets, Ural State University of Economics, vol. 11(4), pages 43-58, September.
    11. Child, John & Hsieh, Linda & Elbanna, Said & Karmowska, Joanna & Marinova, Svetla & Puthusserry, Pushyarag & Tsai, Terence & Narooz, Rose & Zhang, Yunlu, 2017. "SME international business models: The role of context and experience," Journal of World Business, Elsevier, vol. 52(5), pages 664-679.
    12. Thomas Moellers & Lars von der Burg & Bastian Bansemir & Max Pretzl & Oliver Gassmann, 2019. "System dynamics for corporate business model innovation," Electronic Markets, Springer;IIM University of St. Gallen, vol. 29(3), pages 387-406, September.
    13. Colak, Ozlem & Enoch, Marcus & Morton, Craig, 2023. "Airport business models and the COVID-19 pandemic: An exploration of the UK case study," Journal of Air Transport Management, Elsevier, vol. 108(C).
    14. Kamuriwo, Dzidziso Samuel & Baden-Fuller, Charles, 2016. "Knowledge integration using product R&D outsourcing in biotechnology," Research Policy, Elsevier, vol. 45(5), pages 1031-1045.
    15. Alexis Laszczuk & Lionel Garreau, 2015. "Le journal de bord sibyllique : de l’importance des anticipations dans le processus de construction de sens du chercheur en immersion," Post-Print hal-01649597, HAL.
    16. Daliborka Witschel & Julian Marius Müller & Kai-Ingo Voigt, 2023. "What Takes the Wind out of Their Sails? A Micro-Foundational Perspective of Challenges for Building Dynamic Capabilities Towards Digital Business Model Innovation," Schmalenbach Journal of Business Research, Springer, vol. 75(3), pages 345-388, September.
    17. Goumagias, Nikolaos & Fernandes, Kiran Jude & Nucciarelli, Alberto & Li, Feng, 2022. "How to overcome path dependency through resource reconfiguration," Journal of Business Research, Elsevier, vol. 145(C), pages 78-91.
    18. Chammassian, Raffi Gabriel & Sabatier, Valerie, 2020. "The role of costs in business model design for early-stage technology startups," Technological Forecasting and Social Change, Elsevier, vol. 157(C).
    19. Beatrice d'Ippolito, 2014. "The importance of design for firms' competitiveness: a review of the literature," Working paper serie RMT - Grenoble Ecole de Management hal-00936947, HAL.
    20. Sara Bonini Baraldi & Paolo Ferri, 2019. "From communism to market: business models and governance in heritage conservation in Poland," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 23(3), pages 787-812, September.

    More about this item

    Keywords

    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:bushor:v:63:y:2020:i:1:p:121-130. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/bushor .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.