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Rethinking the European Business Model

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  • Georgeta Ilie

    () (Dimitrie Cantemir Christian University)

Abstract

The notion of business models makes possible to describe how a company creates value through innovation, generally within a business ecosystem, and how the value will be distributed between the actors involved. The experiences corporate managers made in the recent economic recession, the existing volatility of the environment, and the resulting uncertainty is changing what is regarded as best practice in enterprise management. Companies will experience a new focus on entrepreneurial sustainability. The European Union has a role to play in this plan: it needs to promote a European business model that integrates sustainable development and social responsibility.

Suggested Citation

  • Georgeta Ilie, 2012. "Rethinking the European Business Model," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 2(Special 1), pages 34-39, May.
  • Handle: RePEc:hur:ijaraf:v:2:y:2012:i:1special:p:34-39
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    References listed on IDEAS

    as
    1. B. Demil & X. Lecocq, 2010. "Business model evolution : in search of dynamic consistency," Post-Print hal-00572915, HAL.
    2. Shafer, Scott M. & Smith, H. Jeff & Linder, Jane C., 2005. "The power of business models," Business Horizons, Elsevier, vol. 48(3), pages 199-207.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Business model; innovation; cooperation; economic recession;

    JEL classification:

    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics
    • M38 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Marketing and Advertising - - - Government Policy and Regulation

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