Dynamic business model framework for emerging technologies

Abstract

This paper suggests a new framework for business models that takes into account disruptive technologies. It identifies four stages in the development of new technologies. In each of these stages there are factors that should be overcome. Stage 1 emphasises technical issues. In stage 2 environmental factors such as law and adoption should be considered. Developers begin to incorporate traditional business model factors in stage 3. Stage 4 focuses on factors that will sustain the business. The paper also distinguishes between supply and demand business models. The development of the literature on peer to peer networks illustrates these stages.

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