Amit and Zott’s [4]

Business model is a transactional content, structure, and governance structure that uses business opportunities to create value, and describes the way networks are made up of companies, suppliers, alternates, and customers.

Applegate [17]

Business model is a description of a complex company that can describe the company’s structure and the interrelationships between the elements and how the company responds to the real world.

Osterwalder [18]

Business model is a conceptual tool that builds upon many of the constituent elements and their relationships to illustrate the business logic of a particular company. It describes the value that companies can provide to their customers, as well as the internal structure of the company, partner networks, and relationship capital to achieve (create, market, and deliver) this value and generate sustainable, profitable revenue.

The Shafer and Smith et al. [19]

Business model is the essential expression of the company’s core logic and is a strategic choice for creating and acquiring value from the value network. This definition contains four key elements: strategic choice, value network, value creation, and value obtain.

Morris and Schindehutte et al. [20]

The business model is a simple statement that shows how companies can position and integrate a set of internally correlated variables in strategic direction, operational structure, and economic logic in order to establish a competitive advantage in a particular market.

Yuan Lei [13]

Business model describes how an enterprise designs four factors: value proposition, value network, value maintenance, and value realization. Based on the creation of customer value, it serves as other stakeholders such as shareholders and partners. Create value.

Johnson and Christensen et al. [8]

The business model consists of four closely linked elements that together create and deliver value. These four elements are customer value propositions, profit models, key resources, and key processes.

Wei Wei and Zhu Wuxiang [21]

The business model is essentially a transaction structure. The complete business model system includes positioning, business systems, key resource capabilities, profitability models, free cash flow structure, and corporate value. These six aspects are mutually exclusive. Influences constitute an organic business model system.

Teece [22]

Business model is a logical model of how companies create, deliver value to customers, and how companies obtain value, and reveals the revenue, cost, and profit structures associated with them.

Zott and Amit [23]

Business model is a model for businesses to conduct business. This model illustrates how companies provide value to stakeholders and how they relate to factors and product markets.

Fuller and Haefliger’s [24]

Business model is a system that solves the problem of determining who the customer is, what the customer needs, and what is providing the customer with a satisfying and measurable value. The business model consists of four core elements: customer confirmation, customer demand, value transfer, and Contact, value acquisition.