The Concept and Frameworks of Digital Business Models

The overall aim of this chapter is to identify the concept of digital business models (DBMs). The literature review explores extant literature in mapping the DBM concept and identifying established and new frameworks for DBMs, thereby providing a platform for understanding, discussing and developing them in established companies as well as in digital start-ups. The objective of this chapter is to provide answers to the following questions: (1) How do we define the DBM concept and the key drivers and challenges of DBMs? (2) Which business model frameworks and tools can be applied in exploring and leveraging DBMs? (3) What are the benefits and challenges of the frameworks in mapping DBMs?

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