Business Models as Models to Reflect Reality. How useful are they?

By André Euschen

Seminar paper from the year 2016 in the subject Philosophy - Miscellaneous, grade: 1,7, University Witten/Herdecke, course: Philosophy of Science, language: English, abstract: The core concern of this academic essay is to examine the issue of how to make sure that Business Models are useful. For that, a notion of Business Models proposed by Baden-Fuller & Morgan (2010) is taken up, "which comes from the practical and technological domain rather than the scientific one" They suggest the original concept of thinking Business Models as recipes, "as practical models of technology that are ready for copying, but also open for variation and innovation" (ibid.). I will develop this idea further and extend it by not only taking up the various ingredients but also the typical characteristics of a recipe as well as the external environment, the final dish is served in. First, the notion of Business Models (as models) will be explained in order to build a profound theoretical background. Afterwards, the original analogy between BMs and recipes will be presented and extended. Based on this idea, the core concern will be discussed: How useful Business Models are in order to represent reality and how it can be made sure, that they are useful - especially for practitioners. In the end, there will be a short summary.

• Format: Paperback
• Language: English
• ISBN: 3668657270
• ISBN13: 9783668657274
• Release Date: March 2018
• Publisher: Grin Verlag
• Length: 20 Pages
• Weight: 0.12 lbs.
• Dimensions: 0.0" x 7.0" x 10.0"