Rethinking business models as value creating systems

Fuller, Ted and Warren, Lorraine and Thelwall, Sarah and Alamdar, Fizza and Rae, David (2010) Rethinking business models as value creating systems. Leonardo, 43 (1). pp. 96-97. ISSN 0024-094x

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Abstract

The generic notion of a business model is well
understood by investors and business managers and
implies a number of anticipations; chiefly that it is a
replicable process that produces revenues and profits.
At its heart is some replicable process, artefact
or proposition around which the everyday practices
are formed. There are a number of reasons why this
conception is weak in the Creative Industries. We
have identified that the rationale for ‘business models’
in the Creative Industries include providing an
attractor for non goal oriented creative activity, for
stabilising emergent properties from creative activities
and for maintaining the stability of these by
anticipating revenues.

Item Type:Article
Additional Information:The generic notion of a business model is well understood by investors and business managers and implies a number of anticipations; chiefly that it is a replicable process that produces revenues and profits. At its heart is some replicable process, artefact or proposition around which the everyday practices are formed. There are a number of reasons why this conception is weak in the Creative Industries. We have identified that the rationale for ‘business models’ in the Creative Industries include providing an attractor for non goal oriented creative activity, for stabilising emergent properties from creative activities and for maintaining the stability of these by anticipating revenues.
Keywords:Business models, entrepreneurship, creative industries, value creation, emergence
Subjects:N Business and Administrative studies > N200 Management studies
N Business and Administrative studies > N100 Business studies
Divisions:College of Social Science > Lincoln Business School
ID Code:2738
Deposited By: Ted Fuller
Deposited On:29 Jun 2010 13:09
Last Modified:13 Mar 2013 08:40

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