Abstract: The fundamental question in the field of strategic management is how firms achieve competitive advantage and create value, or why do firms in the same industry perform differently? In the era of mobile Internet, reshaping enterprises' business model is a common way to realize the transformation and upgrading or cross-border development, and it is also regarded as an important source of competitive advantage and value creation.Therefore, taking open business model(OBM) as a special research object, the purpose of this article is to explore the relationship between OBM's attribute characteristics and value creation.First, the meaning and structure dimensions of open business model are made clear, identifying its intrinsic attributes: Novelty; Lock-in; Complementarity; Efficiency.Second, the relationship between NICE characteristics and value creation is analyzed theoretically and theoretical assumptions are put forward, based on RBV,theory of strategic networks, the theory of platform economics and etc.Lastly, testing the theoretical assumptions using SPSS19.0 and Amos21.0 software, using data from Zhubajie.com, the largest service trading platform of China, and the classes of EMBA, MBA, EDP.It is found that novelty has a positive relationship on the enterprise value; complementary is positively related to the customer value; efficiency has positive effects on corporate value and partners value;other assumptions are not supported.The fundamental question in the field of strategic management is answered, and the mechanism analysis of theory and empirical conclusion are helpful to guide enterprises' business model innovation and obtain the competitive advantage.

Key words: open business model, value creation, NICE, value network, SEM