Business Model from an Investor's Perspective: The Effectiveness of Experimental Approaches in Business Model Research

The purpose of this paper is to propose an approach to analyze a firm's business model from the investor's perspective. Until now, much research has been conducted on business models from the perspective of managers. In recent years, the term business model has been included in acco...

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Main Author: Masahiro KONDO
Format: Article
Language:Japanese
Published: The Academic Association for Organizational Science 2022-09-01
Series:AAOS Transactions
Subjects:
Online Access:https://www.jstage.jst.go.jp/article/aaostrans/11/1/11_170/_pdf/-char/ja
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author Masahiro KONDO
author_facet Masahiro KONDO
author_sort Masahiro KONDO
collection DOAJ
description The purpose of this paper is to propose an approach to analyze a firm's business model from the investor's perspective. Until now, much research has been conducted on business models from the perspective of managers. In recent years, the term business model has been included in accounting systems and has become an important concept for investors. However, until now, business model research has not been conducted from the investor's perspective. This paper emphasizes the significance of discussing business model evaluation from the investor's perspective and identifies key concepts in business model research from the investor's perspective by integrating research in the fields of finance and management. Through a review of existing studies, the paper points out the importance of five axes in investors' business model evaluation: business model content, market content, number of business models, number of markets, and synergy effects. Furthermore, we finally propose a research approach using this framework and an experimental approach. We point out the possibility of new research by using the method of experimentation, which has rarely been used in business model research.
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spelling doaj-art-076f4cd9df824e8aa95e003ec2413ebf2025-08-20T02:48:54ZjpnThe Academic Association for Organizational ScienceAAOS Transactions2758-27952022-09-01111170176https://doi.org/10.11207/aaostrans.11.1_170Business Model from an Investor's Perspective: The Effectiveness of Experimental Approaches in Business Model ResearchMasahiro KONDO0Waseda University The purpose of this paper is to propose an approach to analyze a firm's business model from the investor's perspective. Until now, much research has been conducted on business models from the perspective of managers. In recent years, the term business model has been included in accounting systems and has become an important concept for investors. However, until now, business model research has not been conducted from the investor's perspective. This paper emphasizes the significance of discussing business model evaluation from the investor's perspective and identifies key concepts in business model research from the investor's perspective by integrating research in the fields of finance and management. Through a review of existing studies, the paper points out the importance of five axes in investors' business model evaluation: business model content, market content, number of business models, number of markets, and synergy effects. Furthermore, we finally propose a research approach using this framework and an experimental approach. We point out the possibility of new research by using the method of experimentation, which has rarely been used in business model research. https://www.jstage.jst.go.jp/article/aaostrans/11/1/11_170/_pdf/-char/jabusiness modelinvestorexperimental approachcorporate value
spellingShingle Masahiro KONDO
Business Model from an Investor's Perspective: The Effectiveness of Experimental Approaches in Business Model Research
AAOS Transactions
business model
investor
experimental approach
corporate value
title Business Model from an Investor's Perspective: The Effectiveness of Experimental Approaches in Business Model Research
title_full Business Model from an Investor's Perspective: The Effectiveness of Experimental Approaches in Business Model Research
title_fullStr Business Model from an Investor's Perspective: The Effectiveness of Experimental Approaches in Business Model Research
title_full_unstemmed Business Model from an Investor's Perspective: The Effectiveness of Experimental Approaches in Business Model Research
title_short Business Model from an Investor's Perspective: The Effectiveness of Experimental Approaches in Business Model Research
title_sort business model from an investor s perspective the effectiveness of experimental approaches in business model research
topic business model
investor
experimental approach
corporate value
url https://www.jstage.jst.go.jp/article/aaostrans/11/1/11_170/_pdf/-char/ja
work_keys_str_mv AT masahirokondo businessmodelfromaninvestorsperspectivetheeffectivenessofexperimentalapproachesinbusinessmodelresearch