Knowledge Tree
Relations (1)
related 2.32 — strongly supporting 4 facts
The concept of a business model is intrinsically linked to lock-in as a strategic theme that firms activate to gain competitive advantages, such as hindering imitators and new entrants {fact:1, fact:2}. Furthermore, business models are conceptualized as mechanisms for establishing business ecosystems specifically to achieve this lock-in effect [1].
Facts (4)
Sources
Business ecosystems as a way to activate lock-in in business models link.springer.com 4 facts
claimThe article 'Business ecosystems as a way to activate lock-in in business models: a theoretical integration' by D.M. Haftor, R.C. Climent, and A. Kallmuenzer is licensed under a Creative Commons Attribution 4.0 International License.
claimActivating the lock-in theme in a business model makes it more difficult for imitators to copy the pioneering firm and for new entrants to enter the marketplace.
claimManagers of pioneer firms must plan for the long-term deployment of their business models, which evolves from novelty and efficiency to the simultaneous activation of lock-in and complementarity.
claimThe article 'Business ecosystems as a way to activate lock-in in business models' introduces a conceptualization of a business model that activates the lock-in theme by establishing a business ecosystem.