Revolution of e-Business Models
For centuries, it has been acknowledged that after §major technical innovations, there exists a business §opportunity for turning innovations into businesses. §Similarly, the very same has happened when the §opportunities of electronic business based on the §Internet were identified over a decade ago. In the§late 1990s, the business model concept appeared to §describe a business logic according to which §electronic businesses were typically described in §brief and put into practice. Meanwhile, several §daily business magazines reported success stories of §electronic business models, drawing the attention of §investors and stock markets. Soon after this §phenomenon, researchers developed an interest in §gaining a better understanding of the business model §concept by defining the concept, listing various §business models, and identifying the underlying §constructs of the business model concept. Still most §of the business model research has focused mainly on §the static constructs of the business model concept §instead of studying the dynamic nature of a business §model. The purpose of this study is to evaluate e-§business models and their dynamic nature.