Purpose: Extant research on business models does not address the question of business model evolution. Therefore, the purpose of this paper is to explore how we can capture the dynamism of business models. Approach: We examine the applicability of the principles of complexity theory as an...

Business model literature has been focused on value co-creation and co-capture logic in understanding business models in the ecosystem. To understand the "Ex Ante" source of ecosystem-based value creation/capture, this paper proposes opportunity complementarity as a key antecedent and construct...

Business ecosystems are evolutionary business environments that go through various life-cycle stages. Ecosystemic business models are rather complex in emergence and evolution in comparison to incumbent organizations' business models. Ecosystemic business models are needed especially in the area...

Digitalisation lays the groundwork for the emergence of novel business models taking advantage of modern technologies. Simultaneously, the new business models face an array of legitimacy challenges. This paper proposes an integrated framework for studying legitimacy challenges through the lens...