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Clarifying the business model construct
Conference paper   Peer reviewed

Clarifying the business model construct

Sumaiyah Abd Aziz, Jason R Fitzsimmons and Evan J Douglas
Proceedings of the 5th Australian Graduate School of Entrepreneurship International Entrepreneurship Research Exchange, pp.795-813
Australian Graduate School of Entrepreneurship International Entrepreneurship Research Exchange (AGSE) International Entrepreneurship Research Exchange, 5th (Melbourne, Australia, 05-Feb-2008–08-Feb-2008)
Swinburne University of Technology, The Australian Graduate School of Entrepreneurship
2008
url
http://www.swinburne.edu.au/View
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Abstract

Business and Management Entrepreneurship business model
Several prior studies have attempted to characterise the firm's business model but there is little consensus on frameworks or the essential elements of the business model for the emerging firm. In this paper we identify fifty-four elements of the business model from the literature and perform exploratory factor analysis of these elements. We identify four separate factors that constitute a parsimonious description of the business model for the nascent entrepreneur. This set of factors has value for entrepreneurs, advisors, policy makers and educators as it will facilitate and illuminate their discussions about entrepreneurship and the creation of new business ventures.

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