Start-Ups as Adaptable Stable Systems Based on Synchronous Business Models

Stephen Fox and Päivi Vahala

Business models have been a popular topic in research and practice for more than twenty years. During this time, frameworks for formulating business models have been developed, such as the business model canvas. Moreover, different business model frameworks have been proposed for different sectors. Yet, these frameworks have the fundamental shortcoming of not addressing directly and persistently the primary objective of start-ups: to survive in changing environments. This fundamental shortcoming is addressed in the paper and training material provided here. Publication available at:

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