Business model innovation of international new ventures: An empirical study in a Swedish context

Ongoing economic, social and environmental developments have forced the production system to undertake a profound transformation, shifting from a linear to a circular model. The transformation towards a circular economy poses significant challenges for established companies, in many cases requiring a strong modification of their current business models, start-ups and new ventures. Firms need to completely rethink their value proposition, modifying how the product or service is produced, delivered to the customers and disposed of. As a result, interest in business model innovation with a view to a circular system has increased significantly over the last five years, leading to a flourishing literature production. Although several literature reviews have been published on the topic of the circular business model, few of them include the innovation dimension. Moreover, the time horizon covered by the previous reviews extends to 2019 and in one case to 2020. Since 2020 saw a 135% increase in scientific production compared to the previous year, it is necessary to update the prior works, taking into account the new contributions. Our paper aims to bridge this gap by proposing a literature review based on keywords analysis. In this way, it is possible to analyze the issues addressed in the circular business model innovation (CMBI) by categorizing them as core, emerging/phantom, trendy or intermittent. This analysis is particularly suitable for identifying future research directions as signaled by the emerging themes.

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Does Business Model Innovation Enhance the Sustainable Development of New Ventures? Understanding an Inverted-U Relationship

Sustainability ◽

10.3390/su13010262 ◽

2020 ◽

Vol 13 (1) ◽

pp. 262

Author(s):

Yuqiang Mai ◽

Hualong Yang ◽

Guangyu Zhang

Keyword(s):

Sustainable Development ◽

Business Model ◽

Competitive Strategy ◽

New Ventures ◽

Theoretical Perspective ◽

Business Model Innovation ◽

Research Issues ◽

The Sustainable Development ◽

Strategy Innovation ◽

And Performance

Improving the sustainable development of new ventures and helping them survive and develop in the entrepreneurial environment are important research issues. Business model innovation is considered as a potential way for new ventures to enhance their sustainable development capability and performance. Although previous studies have pointed out that there is a positive linear relationship between business model innovation and sustainable development, little research has found the nonlinear relationship between them, as well as the moderating effects of competitive strategy innovation and strategy flexibility. In this study, an empirical model was established to test our hypotheses and answer our research questions. Analysis of data collected from 326 questionnaires shows that an inverted-U relationship exists between business model innovation and sustainable development such that new ventures with low or high business model innovation have worse sustainable development than new ventures with appropriate business model innovation. Moreover, this paper finds that competitive strategy innovation and strategic flexibility positively moderate the inverted-U relationship between business model innovation and sustainable development of new ventures. From a theoretical perspective, this study offers a model with which to understand the impacts of business model innovation, and contributes significantly to the research on new ven- tures. From a practical perspective, this paper provides new insights into the management of new ventures and recommends several practical strategies for managers and practitioners.

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Bridging entrepreneurial competencies and business model innovation: insights on business renewal in the small horticulture businesses in Finland

Agricultural and Food Science ◽

10.23986/afsci.79500 ◽

2019 ◽

Vol 28 (3) ◽

Author(s):

Taina Eriksson ◽

Hilkka Halla ◽

Marikka Heikkilä ◽

Helka Kalliomäki

Keyword(s):

Empirical Study ◽

Business Model ◽

Driving Force ◽

Business Model Innovation ◽

Venture Performance ◽

The Core ◽

Innovation Model ◽

Entrepreneurial Competencies ◽

Internal Drivers

Entrepreneurial competencies are connected to venture performance, but the link between these competencies and the business model (BM) innovation is scarcely studied. This article is among the first to study entrepreneurial competencies as a driving force for BM innovation. This paper presents a qualitative empirical study of six innovative horticulture entrepreneurs in Finland. We contribute to two separate literature streams, competence and BM literature, by combining competence categories (Mitchelmore and Rowley 2010) and BM Innovation model (Foss and Saebi 2017) in the analysis of innovative entrepreneurs. This paper provides evidence on entrepreneurial competencies being internal drivers for BM innovation, and also identifies the core entrepreneurial competences related to BM innovation.

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Business Model Innovation of Industry 4.0 Solution Providers Towards Customer Process Innovation

Processes ◽

10.3390/pr6120260 ◽

2018 ◽

Vol 6 (12) ◽

pp. 260 ◽

Cited By ~ 24

Author(s):

Julian Marius Müller ◽

Simon Däschle

Keyword(s):

Empirical Study ◽

Business Model ◽

Industry 4.0 ◽

Process Innovation ◽

Theoretical Background ◽

Business Model Innovation ◽

Process Improvements ◽

Current State ◽

State Of Research

The article investigates the role of business model innovation by Industry 4.0 solution providers and their impact on process innovation of their customers. Industry 4.0 solution providers are hereby seen as the enablers and providers of Industry 4.0 technologies, which provide access to several potentials of Industry 4.0 technologies to their customers. In particular, the role of small and medium-sized enterprises (SMEs) that provide solutions that are based on Industry 4.0 technologies for their customers are investigated, which in turn can improve and innovate their own processes. Frist, the article presents an overview of the current state of research and a brief theoretical background. Second, the article bases its findings on an empirical study of 111 Industry 4.0 providers from Germany that are SMEs. Analyzing the results of questionnaires, correlations between Industry 4.0 solutions and two perspectives are examined: benefits for the solution providers and benefits for process improvements and innovations of the customers. Subsequently, the article discusses these findings, closing the article with both managerial and research implications.

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Business Model Creation and International New Ventures

10.4324/9781003204268-5 ◽

2021 ◽

pp. 78-94

Author(s):

Svante Andersson ◽

Petri Ahokangas

Keyword(s):

Business Model ◽

New Ventures ◽

International New Ventures

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