ABSTRACT
Though often quoted in Internet and e-commerce literature, the term business model has no uniform definition. In this text, we will define an Internet business model as follows:
An Internet business model is an organization’s strategic business system for producing a customer-oriented value proposition. The business system is composed of one or more targeted customer segments; hardware and software architecture, the organization’s product offering; the organization’s business partners; and associated resources required to achieve the organizational objectives.
