A review and evaluation of business model ontologies: a viability perspective

Austin D'Souza, Nick van Beest, George. B. Huitema, J.C. Wortmann, Hugo Velthuijsen

Research output: Chapter in Book/Report/Conference proceedingChapterAcademicpeer-review

Abstract

Organisations are increasingly becoming interdependent in order to create and deliver superior value to their customers. The resulting business models of such organisations are becoming increasingly complex and difficult to design, because they have to deal with multiple stakeholders and their competing interests, and with dynamic and fast paced markets. Hence, in order to ensure the long-term survival of such firms, it is crucial that their business models are viable. Business model ontologies (BMOs) are effective tools for designing and evaluating business models. However, the viability perspective has largely been ignored, and the current BMOs have not been evaluated on their capabilities to facilitate the design and evaluation of viable business models. In order to address this gap, current BMOs have been assessed from the viability perspective. To evaluate the BMOs, a list of 26 criteria is derived from the literature. This list of criteria is then applied to assess six well-established BMOs. The analysis reveals that none of the BMOs satisfies all the criteria. However, the e3-value satisfies most of the criteria, and it is most appropriate for designing and evaluating viable business models. Furthermore, the identified deficits clearly define the areas for enhancing the BMOs from a viability perspective.
Original languageEnglish
Title of host publicationEnterprise information systems
EditorsJ. Cordeiro, S. Hammoudi, L. Maciaszek, O. Camp, J. Felipe
PublisherSpringer
Pages453-471
ISBN (Print)9783319223476
DOIs
Publication statusPublished - 2015

Publication series

NameLecture Notes in Business Information Processing (LNBIP)
PublisherSpringer
Volume227

Keywords

  • business models
  • ontologies
  • viability

Cite this

D'Souza, A., van Beest, N., Huitema, G. B., Wortmann, J. C., & Velthuijsen, H. (2015). A review and evaluation of business model ontologies: a viability perspective. In J. Cordeiro, S. Hammoudi, L. Maciaszek, O. Camp, & J. Felipe (Eds.), Enterprise information systems (pp. 453-471). (Lecture Notes in Business Information Processing (LNBIP); Vol. 227). Springer. https://doi.org/10.1007/978-3-319-22348-3_25
D'Souza, Austin ; van Beest, Nick ; Huitema, George. B. ; Wortmann, J.C. ; Velthuijsen, Hugo. / A review and evaluation of business model ontologies : a viability perspective. Enterprise information systems. editor / J. Cordeiro ; S. Hammoudi ; L. Maciaszek ; O. Camp ; J. Felipe. Springer, 2015. pp. 453-471 (Lecture Notes in Business Information Processing (LNBIP)).
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D'Souza, A, van Beest, N, Huitema, GB, Wortmann, JC & Velthuijsen, H 2015, A review and evaluation of business model ontologies: a viability perspective. in J Cordeiro, S Hammoudi, L Maciaszek, O Camp & J Felipe (eds), Enterprise information systems. Lecture Notes in Business Information Processing (LNBIP), vol. 227, Springer, pp. 453-471. https://doi.org/10.1007/978-3-319-22348-3_25

A review and evaluation of business model ontologies : a viability perspective. / D'Souza, Austin; van Beest, Nick; Huitema, George. B.; Wortmann, J.C.; Velthuijsen, Hugo.

Enterprise information systems. ed. / J. Cordeiro; S. Hammoudi; L. Maciaszek; O. Camp; J. Felipe. Springer, 2015. p. 453-471 (Lecture Notes in Business Information Processing (LNBIP); Vol. 227).

Research output: Chapter in Book/Report/Conference proceedingChapterAcademicpeer-review

TY - CHAP

T1 - A review and evaluation of business model ontologies

T2 - a viability perspective

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AU - Velthuijsen, Hugo

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AB - Organisations are increasingly becoming interdependent in order to create and deliver superior value to their customers. The resulting business models of such organisations are becoming increasingly complex and difficult to design, because they have to deal with multiple stakeholders and their competing interests, and with dynamic and fast paced markets. Hence, in order to ensure the long-term survival of such firms, it is crucial that their business models are viable. Business model ontologies (BMOs) are effective tools for designing and evaluating business models. However, the viability perspective has largely been ignored, and the current BMOs have not been evaluated on their capabilities to facilitate the design and evaluation of viable business models. In order to address this gap, current BMOs have been assessed from the viability perspective. To evaluate the BMOs, a list of 26 criteria is derived from the literature. This list of criteria is then applied to assess six well-established BMOs. The analysis reveals that none of the BMOs satisfies all the criteria. However, the e3-value satisfies most of the criteria, and it is most appropriate for designing and evaluating viable business models. Furthermore, the identified deficits clearly define the areas for enhancing the BMOs from a viability perspective.

KW - business models

KW - ontologies

KW - viability

KW - bedrijfsmodellen

KW - energieindustrie

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U2 - 10.1007/978-3-319-22348-3_25

DO - 10.1007/978-3-319-22348-3_25

M3 - Chapter

SN - 9783319223476

T3 - Lecture Notes in Business Information Processing (LNBIP)

SP - 453

EP - 471

BT - Enterprise information systems

A2 - Cordeiro, J.

A2 - Hammoudi, S.

A2 - Maciaszek, L.

A2 - Camp, O.

A2 - Felipe, J.

PB - Springer

ER -

D'Souza A, van Beest N, Huitema GB, Wortmann JC, Velthuijsen H. A review and evaluation of business model ontologies: a viability perspective. In Cordeiro J, Hammoudi S, Maciaszek L, Camp O, Felipe J, editors, Enterprise information systems. Springer. 2015. p. 453-471. (Lecture Notes in Business Information Processing (LNBIP)). https://doi.org/10.1007/978-3-319-22348-3_25