business model ↔ strategy

Relations (1)

related 2.00 — strongly supporting 3 facts

Business models and strategy are intrinsically linked, as strategy involves the design and redesign of business models [1], and business models are considered reflections of a realized strategy [1]. Furthermore, strategy is categorized as an internal contingency factor for business models [2], and the progression from strategy to business models is a recognized conceptual framework [3].

Facts (3)

Sources

Does the combination of sustainable business model patterns lead ... link.springer.com Springer 3 facts

quoteCasadesus-Masanell and Ricart (2010) define business models as "reflections of the realized strategy" and state that "strategy entails designing business models (and redesigning them as contingencies occur)."

referenceAccording to Pati et al. (2018), contingency categories for business models are divided into internal and external factors: internal contingencies include strategy, long-term entrepreneurial/managerial orientation, and organizational resources (tangible and intangible); external contingencies include the competitive environment, the firm's stakeholders, and the value-adding network.

referenceCasadesus-Masanell and Ricart (2010) discussed the progression from strategy to business models and tactics in their article 'From strategy to business models and onto tactics'.