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Rethinking business models as value creating systems

By Ted Fuller, Lorraine Warren, Sarah Thelwall, Fizza Alamdar and David Rae

Abstract

The generic notion of a business model is well\ud understood by investors and business managers and\ud implies a number of anticipations; chiefly that it is a\ud replicable process that produces revenues and profits.\ud At its heart is some replicable process, artefact\ud or proposition around which the everyday practices\ud are formed. There are a number of reasons why this\ud conception is weak in the Creative Industries. We\ud have identified that the rationale for ‘business models’\ud in the Creative Industries include providing an\ud attractor for non goal oriented creative activity, for\ud stabilising emergent properties from creative activities\ud and for maintaining the stability of these by\ud anticipating revenues

Topics: N200 Management studies, N100 Business studies
Publisher: ISAST, MIT
Year: 2010
OAI identifier: oai:eprints.lincoln.ac.uk:2738

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Citations

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