Original scientific paper
Business models of micro businesses: Empirical evidence from creative industries
Pfeifer Sanja
orcid.org/0000-0002-7394-3080
; J. J. Strossmayer University of Osijek, Faculty of Economics
Oberman Peterka Sunčica
; J. J. Strossmayer University of Osijek, Faculty of Economics
Stanić Marina
orcid.org/0000-0002-3835-6358
; J. J. Strossmayer University of Osijek, Faculty of Economics
Abstract
Business model describes how a business identifies and creates value for customers and how it organizes itself to capture some of this value in a profitable manner. Previous studies of business models in creative industries have only recently identified the unresolved issues in this field of research. The main objective of this article is to analyse the structure and diversity of business models and to deduce how these components interact or change in the context of micro and small businesses in creative services such as advertising, architecture and design. The article uses a qualitative approach. Case studies and semi-structured, in-depth interviews with six owners/managers of micro businesses in Croatia provide rich data. Structural coding in data analysis has been performed manually. The qualitative analysis has indicative relevance for the assessment and comparison of business models, however, it provides insights into which components of business models seem to be consolidated and which seem to contribute to the diversity of business models in creative industries. The article contributes to the advancement of empirical evidence and conceptual constructs that might lead to more advanced methodological approaches and proposition of the core typologies or classifications of business models in creative industries. In addition, a more detailed mapping of different choices available in managing value creation, value capturing or value networking might be a valuable help for owners/managers who want to change or cross-fertilize their business models.
Keywords
Creating and capturing value; Business model components; Business model commonalities; Business model diversity; Creative professional services
Hrčak ID:
190493
URI
Publication date:
30.11.2017.
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