Towards a classification of resources for the business model concept

Abstract

The purpose of this paper was to continue the discussion on the representation of resources as a part of the business model concept. Recently, a business model concept has been proposed to support managing the exploitation of business opportunities. Such exploitation generates a need to select and arrange resources of the firm in order to fulfil the value creation potential and achieve a competitive advantage. Although resources have been elucidated in this young field of enquiry concerning business model conceptualisations, the exposition of and the categorisation of resources have been left ambiguous. The contribution of this study is an empirically and theoretically grounded categorisation of the resources that need to be combined with business model concept in order to exploit rent‐generation potential.