Research on the theoritical boundary of the business model concept

The conceptualization of the business model has plunged into a dilemma of no consensus on its concept for a long time. In order to establish a distinct business model construct for further empirical study, this thesis elaborately explores its boundary, and finds that in essence it is a kind of value-creating mechanism constructed by a series of variables with causal correlations rather than a lot of complementary, parallel ones.