ABSTRACT

The role of leadership and the evolution of traditional managerial tools, such as ‘business plans’ is recognized as a topic that deserves further research. The concept of the business model is largely applied to private or listed companies. However, even though business model research can be extended to different sectors and organizational dimensions, public sector business models deserve a separate research agenda. Perhaps it is true that business models are a new conceptualization that really does make a difference to organizations. Like innovation studies, business model research often outlines how different buisness models may create wealth when successful. The concept of the business model is largely applied to private or listed companies. A research agenda that only reveals the good news is incomplete and inadequate. Managerial implications revolve around the consideration that managers have to deal with a turbulent and dynamic competitive environment.