scholarly journals The Effect of Learning Orientation and Business Model Innovation on Entrepreneurial Performance: Focused on South Korean Start-Up Companies

2021 ◽  
Vol 7 (4) ◽  
pp. 245
Author(s):  
Byungyun Bae ◽  
Sungyong Choi
Keyword(s):  
Business Model ◽  
Empirical Studies ◽  
Business Model Innovation ◽  
Theoretical Research ◽  
Learning Orientation ◽  
Performance Technology ◽  
Technology Acquisition ◽  
Market Expansion ◽  
Start Up ◽  
Start Ups

The purpose of this study is to empirically confirm the importance of learning orientation in the operation of start-up companies. In the literature, it is well known that this learning orientation plays a big role in improving the performance of start-ups by cultivating organizational members’ capabilities in detail, encouraging active learning, and creating new knowledge. To this end, a business model innovation framework for start-ups was established by empirically validating the theoretical research model. For the analysis, 139 questionnaires from start-ups with less than 7 years of business history in the incubation center were used. For the novelty of this work, it investigates the causal relationship between the learning orientation of start-ups, business model innovation, and start-up performance (technology acquisition and market expansion). Our research has contributed to the literature on entrepreneurship, innovation and strategy as follows. First, it contributed to the literature on entrepreneurship by redefining the performance of start-up companies as technology acquisition and market expansion through a review of previous studies and providing insight into the importance of learning orientation for start-ups through empirical studies. Second, it contributed to the innovation literature by confirming the importance of business model innovation for start-ups to achieve start-up performance through empirical research. Third, it contributed to the strategic literature by presenting and empirically confirming business model innovation through learning-orientation improvement as a way to achieve the performance of start-up companies.

Business model innovation for sustainability: a food start-up case study

2018 ◽  
Vol 120 (10) ◽  
pp. 2483-2494 ◽  
Author(s):  
Maria Vittoria Franceschelli ◽  
Gabriele Santoro ◽  
Elena Candelo
Keyword(s):  
Business Model ◽  
Single Case ◽  
Business Model Innovation ◽  
Sustainable Business ◽  
Case Study Methodology ◽  
Content Type ◽  
Start Up ◽  
Model Configuration ◽  
Start Ups

Purpose The purpose of this paper is to investigate and present the way in which a food start-up can develop business model innovations, taking into account the importance of social and environmental issues. Design/methodology/approach The authors studied an Italian pizzeria, implementing the illustrative single-case study methodology, to answer the research question: “how can food start-ups develop a sustainable business model innovation?” Findings The study highlights sustainable elements for each component of the business model configuration provided by Osterwalder to provide a deeper view of the sustainable business model concept. Originality/value The study contributes to the extant research introducing the concept of sustainable innovation within the business model literature. It concludes that, within the food industry, especially for start-ups, the development of sustainable business model innovation is particularly important because the industry is itself linked with nature and human respect. Moreover, it suggests a methodological analysis of the business model configuration, which will help to develop clearer and more accurate and influential research.

Business Model Innovation of Technical Start-ups in Emerging Markets

2021 ◽  
pp. 2150020
Author(s):  
Yu Luo ◽  
Yang Bai
Keyword(s):  
Emerging Markets ◽  
Business Model ◽  
Service Providers ◽  
Developed Countries ◽  
Business Model Innovation ◽  
Start Up ◽  
Sustainable Advantage ◽  
The Difference ◽  
Start Ups ◽  
Developing And Developed Countries

Innovation is critical for a start-up company to succeed, especially in emerging markets. Business Model Innovation (BMI) is highly related to entrepreneurship, though researchers have not paid sufficient attention on it. This paper develops a conceptual model to address the following questions. First, the authors try to find out the drivers of BMI and the difference between developing and developed countries. Second, the way start-ups partner escrow online payment service providers in emerging markets is discussed. Lastly, this paper studies how BMI could adapt to external changes and maintain a sustainable advantage.

Die deutsche Gründerlandschaft im Energiesektor und ressourcenbedingte Voraussetzungen für eine Gründungsfinanzierung eines Energie-Startups

2020 ◽  
Vol 68 (3-4) ◽  
pp. 169-189
Author(s):  
Theresa Fritz ◽  
Wolfgang Burr
Keyword(s):  
Human Capital ◽  
Scientific Literature ◽  
Empirical Studies ◽  
Organizational Level ◽  
Team Members ◽  
Start Up ◽  
Utility Models ◽  
The Individual ◽  
Technological Capital ◽  
Start Ups

Zusammenfassung Empirische Untersuchungen zur Gründungslandschaft der deutschen Energiewirtschaft sind in der wissenschaftlichen Literatur bisher unterrepräsentiert. Im Zuge einer explorativen Darstellung von deutschen Energie-Startups wird zu Beginn ein Überblick über die Gründungsbereiche, die Gründungsteams sowie die finanzielle Lage von 126 deutschen Energie-Startups gegeben. Mithilfe einer Regressionsanalyse werden im nächsten Schritt die Einflüsse von Humankapital und technologischen Ressourcen auf die Akquise von Finanzierungsmitteln überprüft. Im Rahmen der Auswertung kann ein signifikanter Zusammenhang zwischen der Anzahl der Gründer, den individuellen Fähigkeiten der Teammitglieder sowie der Anzahl der Patente und Gebrauchsmuster auf die Akquise von Finanzierungsmitteln nachgewiesen werden. Dies legt den Schluss nahe, dass die Kombination der beiden Ressourcen Humankapital und technologisches Kapital den Aufbau von Kompetenz bei der Finanzierungsmittelakquise auf organisationaler Ebene begünstigen und zum Wachstum des Startups beitragen können. Abstract Empirical studies on the start-up landscape of the German energy industry have so far been underrepresented in the scientific literature. In the course of an exploratory presentation of German energy start-ups, an overview of the start-up areas, the founding teams and the financial situation of 126 German energy start-ups is given at the beginning. In the next step, a regression analysis is used to examine the influence of human capital and technological resources on the acquisition of funding. As part of the evaluation, a significant relationship between the number of founders, the individual skills of the team members and the number of patents and utility models on the acquisition of funding can be demonstrated. This suggests that the combination of the two resources human capital and technological capital can facilitate the development of skills in the acquisition of funding at the organizational level and contribute to the growth of the start-up.

Service Logic Business Model Canvas for Lean Development of SMEs and Start-Ups

2020 ◽  
pp. 436-463
Author(s):  
Jukka Ojasalo ◽  
Katri Ojasalo
Keyword(s):  
Business Model ◽  
Business Models ◽  
Business Community ◽  
Service Development ◽  
Model Framework ◽  
Business Plans ◽  
Business Model Canvas ◽  
Start Up ◽  
Service Logic ◽  
Start Ups

Business models have made a breakthrough both in the academic and in business community in the area business development. Old fashioned business plans are in many cases considered as a waste of time and resources. Particularly start-ups and SMEs have a great potential to take advantage of business model approach which allows lean and agile product and service development. However, the existing widely used business model frameworks are lacking the new service logic orientation. They mostly see the world in terms of goods logic. Since all sizes of businesses in all industries are increasingly adopting the service logic or service-dominant logic, there was a clear need to develop a new service logic based business model framework. Based on an extensive empirical study with both practitioners and academics, a new Service Logic Business Model Canvas was developed to fill this need. This chapter explains the theoretical foundations of this framework in SME and start-up context, as well as the framework itself and its application.

scholarly journals The Business Model of Start-Up—Structure and Consequences

2019 ◽  
Vol 9 (3) ◽  
pp. 69 ◽  
Author(s):  
Štefan Slávik
Keyword(s):  
Business Model ◽  
Business Performance ◽  
Distribution Channel ◽  
Field Research ◽  
Lessons Learned ◽  
Entrepreneurial Performance ◽  
Start Up ◽  
Three Stages ◽  
Start Ups ◽  
The Impact

A start-up already at its origin has to solve the crucial existential condition that is a viable business model. The purpose of the research is to deepen and expand the knowledge about the structure of the start-up business model and its impact on entrepreneurial performance. Field research was carried out in three stages over one and a half years. The source of knowledge about the studied start-ups has been the personal experience recorded in the questionnaire. Start-ups are small closed communities that do not sufficiently shape external partnerships, cannot reach the customers, although they can identify them well enough, try to improve the business model blocks but they do not pay attention to their coordination and perceive the monetization in a simplified way. The impact of the business model on start-up performance has been confirmed but the internal blocks affect business performance unambiguously over the three stages of the research. The best conversion of users to customers and subsequently to revenues are distinctive for the start-ups with their own simple distribution channel and partners who are experienced distributors. The lessons learned can directly improve the results of start-ups when their incompleteness and imperfection will be substituted by appropriate partners. Start-ups provide a space for the new jobs and the self-realization of ambitious people with a sense of service for society. Empirical research on start-ups identifies their weaknesses and possibilities to increase their entrepreneurial performance.

Knowledge-driven business model innovation through the introduction of equity investment: evidence from China’s primary market

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Jiali Zheng ◽  
Han Qiao ◽  
Xiumei Zhu ◽  
Shouyang Wang
Keyword(s):  
Business Model ◽  
Business Models ◽  
Learning Algorithm ◽  
Empirical Studies ◽  
Back Propagation ◽  
Back Propagation Neural Network ◽  
Business Model Innovation ◽  
Data Set ◽  
Equity Investment ◽  
Content Type

Purpose This study aims to explore the role of equity investment in knowledge-driven business model innovation (BMI) in context of open modes according to the evidence from China’s primary market. Design/methodology/approach Based on the database of China’s private market and data set of news clouds, the statistic approach is applied to explore and explain whether equity investment promotes knowledge-driven BMI. Machine learning method is also used to prove and predict the performance of such open innovation. Findings The results of logistic regression show that explanatory variables are significant, providing evidence that knowledge management (KM) promotes BMI through equity investment. By further using back propagation neural network, the classification learning algorithm estimates the possibility of BMI, which can be regarded as a score to quantify the performance of knowledge-driven BMI Research limitations/implications The quality of secondhand big data is not very ideal, and future empirical studies should use first-hand survey data. Practical implications This study provides new insights into the link between KM and BMI by highlighting the important roles of external investments in open modes. Social implications From the perspective of investment, the findings of this study suggest the importance for stakeholders to share knowledge and strategies for entrepreneurs to manage innovation. Originality/value The concepts and indicators related to business models are difficult to quantify currently, while this study provides feasible and practical methods to estimate knowledge-driven BMI with secondhand data from the primary market. The mechanism of knowledge and innovation bridged by the experience from investors is introduced and analyzed.

scholarly journals The effect of Relationship Network and Business Model Innovation on Start-up Performance in Vietnam

2021 ◽  
pp. 58-69
Author(s):  
Nguyen Manh Thang
Keyword(s):  
Business Model ◽  
Quantitative Methods ◽  
Business Models ◽  
Positive Impact ◽  
Business Model Innovation ◽  
Value Proposition ◽  
Government Officials ◽  
Business Partners ◽  
Start Up ◽  
Relationship Network

Aims: It aims to build and verify the theoretical model among the network of relationships, business model innovation and start-up performance of start-up companies. Methodology: The study employed qualitative and quantitative methods of research in 550 start-up firms in Vietnam. The qualitative method is utilised to adjust and complement the scale (interviews with experts). Utilising the PLS-SEM analysis method with the SmartPLS support tool, the quantitative method is used to assess reliability, permissibility, model testing, and research hypotheses. Results: Start-up firms' relationship network (with government officials, social contacts, and business partners) has a beneficial effect on their performance. Relations with government officials benefit value creation, value proposition, and value capture innovation. Social relationships have a positive impact on value proposition innovation. Relationships with business partners contribute to the creation of value and the innovation of new products and services. Business model innovation can have a sizable impact on the performance of a start-up. Finally, environmental dynamism has no regulatory effect on the innovation of business models or the performance of start-up firms. Conclusion: This study has filled theoretical gaps by confirming the results of prior studies that had questioned the connection between the network of relationships, business model innovation, and start-up performance. The findings propose management solutions for start-ups' owners and senior managers, policymakers, and official government entities.

scholarly journals Tech Start-up Incubation Program: Business Model Evaluation on Government Based Incubator in Indonesia

TEM Journal ◽  
2021 ◽  
pp. 283-291
Author(s):  
Tifa Noer Amelia ◽  
Armanu Thoyib ◽  
Gugus Irianto ◽  
Ainur Rofiq
Keyword(s):  
Business Model ◽  
Support System ◽  
Model Evaluation ◽  
System Analysis ◽  
Qualitative Approach ◽  
Early Stages ◽  
Start Up ◽  
Start Ups

This research evaluates business model in an incubator company using a framework that consists of 21 assessment components. It is required to examine and measure the efficiency of the incubation program. The incubation program is an intensive mentoring service for start-ups and connects them with the related support system. Analysis conducted using a qualitative approach and matrix scoring generated from N-Vivo. Bekraf Incubator is a government-based incubator in Indonesia suitable for early stages of start-up. Bekraf Incubator successfully demonstrates an effective and flexible business model by focusing on 16 sub-sectors under their incubation program.

scholarly journals Business Model Innovation and Its Implications for Indonesian Batik’s Start-up Development

2020 ◽  
Vol 7 (9) ◽  
pp. 370
Author(s):  
Inthannia Elvaretha Wijaya ◽  
Perminas Pangeran
Keyword(s):  
Business Model ◽  
Social Impact ◽  
Evaluation Research ◽  
Model Development ◽  
Business Model Innovation ◽  
Study Approach ◽  
Business Model Canvas ◽  
Start Up ◽  
Depth Interviews

Business Model Innovation is the key to develop and improve the company's strategy to survive and sustain. Nevertheless, the existing Batik communities often find it difficult to innovate their business model. The purpose of this study was to evaluate the nine components of the business model canvas, in Batik communities, Giriloyo and Kricak Kidul village, Yogyakarta. Second, develop an innovation on business model, Ruby Batik start-up. The evaluation research method used was descriptive qualitative case study approach. The data were collected through questionnaires and in-depth interviews. The analytical model used the CIPP (Context, Input, Process, Product). The results showed that nine components of the business model canvas of the batik communities, Giriloyo and Kricak Kidul, Yogyakarta were still less and need improvement and innovation. Innovation of the business model canvas component became the development basis of social entrepreneurship business model, Rubi Batik start-up. The startup business model development, Rubi Batik, was directed to the commercial mission and social impact mission.

SECURE – a new business model framework for measuring start-up performance

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Tahseen Anwer Arshi ◽  
Venkoba Rao ◽  
Sardar Islam ◽  
Swapnil Morande
Keyword(s):  
Business Model ◽  
Emerging Economies ◽  
Performance Outcomes ◽  
Equation Modeling ◽  
Model Framework ◽  
Content Type ◽  
Start Up ◽  
New Business ◽  
Start Ups ◽  
The Impact

Purpose Existing business model frameworks show weak conceptual unification, a paucity of measurement focus and limitations when applied in emerging economies. The study proposes a new business model framework – “Start-up Evaluation Calculus Using Research Evidence” (SECURE). The purpose of this study is to allow the measurement of the impact of business model design on start-up performance in emerging economies. Design/methodology/approach Data collected from 713 entrepreneurs in select cities of India, Oman and the United Arab Emirates is analyzed through structural equation modeling. The study uses measurement and structural models to examine the validity of measures and additionally tests the five hypothesized relationships proposed in the study. Findings The SECURE’s components comprising desirability, marketability, feasibility, scalability and viability showed validity and reliability. They synergistically demonstrated a statistically significant effect on a mix of financial and non-financial start-up performance outcomes. An alternative structural relationship that examined the impact of SECURE on only financial performance outcomes showed a weaker model fit. The findings indicate that a business model framework is useful when its ex ante measures show a positive causal effect on the desired performance outcomes. Practical implications The scores obtained by the SECURE framework serve as an evaluative tool that informs entrepreneurs and start-ups on the readiness of their proposed, incubated or existing start-ups. Originality/value Replacing subjective judgments with objective assessment criteria, SECURE is one of the first quantitative and performance-driven business model frameworks that contain measures from all functional domains of a start-up business. Start-ups can evaluate their business models against the SECURE model’s research-driven quantitative criteria and assess their impact on start-up performance.

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