“Business model development” is the design of new commercial concepts that represent the future functional logic underlying the value creation of a company or an industry as well as the essential structures. “Business model development” is the well-founded formation of business models.
The definition given above was proposed as part of the Digital Era Framework by Dr. Dr. Jörn Lengsfeld. The text was first published in: Jörn Lengsfeld: Digital Era Framework. Please refer to the original publication if you want to cite the text.
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