Influence Business Model Research Articles

Factors influencing business model change: a case study for the European crop protection industry

PurposeThis paper proposes a theoretical framework for the comprehensive study of business model (BM) change by taking different types of influencing factors and different levels of analysis into account (business, industry and macro-environment).Design/methodology/approachEvaluation of the added value of using the combination of three existing frameworks (the business model canvas (Osterwalder and Pigneur, 2010), Porter’s five forces framework (Porter, 1980) and PESTEL (Johnson et al., 2017)) based on semi-structured interviews with eight companies active in the European crop protection industry. The proposed theoretical framework was used to analyse several BM change situations as presented by the companies.FindingsOur findings reveal that the study of BM change is improved when a third type of influencing factors is considered besides drivers and facilitating/hindering factors. This third type includes factors that shape cohesion between BM components or between the BM and its environment. Second, the interaction of different types of influencing factors at different levels of analysis should be considered, as this generates a comprehensive view of the BM change situation.Originality/valueThis paper meets the demand for a theoretical handle that results in improved and more comprehensive analysis of BM change. The proposed theoretical framework combines different types of internal (business) and external (industry and macro-environment) factors that shape a BM change and considers their interaction.

The improvement of business performance in the shipbuilding sector driven by digital transformation and decarbonisation, and its impact on human resources

This study analyses the relationship between digital transformation, decarbonisation and Human Resource Management (HRM) on performance in the naval sector, with the aim of empirically confirming a correlation between these variables, achieving a deeper knowledge that allows companies to upgrade their results. The methodology used to obtain the results and contrast the hypothesis model has been the Partial Least Squares (PLS), using data from 102 questionnaires collected from employees belonging to the sector. The findings of this research represent a new contribution to the literature: the results of the analysis found evidence of decarbonisation contributing favourably to HRM, leading to performance improvement in the naval industry companies, as well as a positive correlation between digital transformation and performance. However, there was no sufficient evidence to prove the direct relationship between decarbonisation and performance in the sector. Finally, the results found in this research could be utilised as evidence to consider the trend variables in the current business environment to influence business model design aiming to promote efficiency and improvement of the results of the organisations in the naval sector. HIGHLIGHTS Improved performance in the shipbuilding sector Study on the importance of digital transformation, decarbonisation and human resource management in the shipbuilding sector. Development, validation and evaluation of a proposed hypothesis model based on the Partial Least Squares method. Conclusions for industry managers, so that they can design business models that improve performance.

Confluence of Factors that Influence Business Model by Digitalisation and Industry 4.0 Technologies

Confluence of Factors that Influence Business Model by Digitalisation and Industry 4.0 Technologies

The Impact of Big Data Capability on Business Model Transformation：Mediated by Knowledge Renewal and moderated by Resource Slack

The traditional enterprises have been significantly impacted by the digital economy and the COVID-19 pandemic, leading to a more dynamic and complex business environment. Business model innovation has become essential for enterprises to adapt effectively to this complexity. This study aims to examine the impact of big data capabilities on business model transformation. Enterprises from four regions in Jiangxi Province—Shangrao, Pingxiang, Nanchang, and Ganzhou—were selected as the research subjects, covering various industries such as technology and information technology, financial services, healthcare, manufacturing, retail, and energy. Data from 800 enterprises were collected using stratified random sampling and questionnaires, and analyzed empirically using structural equation modeling. The results demonstrate that big data capabilities significantly positively influence business model transformation, with knowledge renewal acting as a mediator between big data capabilities and business model transformation. These findings integrate the utilization of big data capabilities, knowledge renewal, and resource slack, facilitating business model transformation and enabling enterprises to achieve value growth through efficient resource sharing and management.

Utjecaj korporativnog poduzetništva na inovacije poslovnog modela poduzeća u Bosni i Hercegovini nakon pandemije COVIDA-19

The study presented in this paper explored the relationship between corporate entrepreneurship and business model innovation of companies in Bosnia and Herzegovina (B&H) after the COVID-19 pandemic. In particular, the authors aimed to analyze how the individual dimensions of corporate entrepreneurship influence business model innovation by using the dynamic capabilities view. The study empirically analysed a sample of 100 companies using regression analysis. The findings revealed that each dimension of corporate entrepreneurship positively and significantly impacts business model innovation. Innovativeness, proactiveness, risk-taking, autonomy, and competitive aggressiveness positively affected the innovation of the business model. The results of this study confirm that entrepreneurial initiative is a good predictor of a company’s ability to innovate business models. The implication for management is to deepen the understanding of how corporate entrepreneurship promotes and shapes an innovative business model. This increases companies’ success and overall well-being in B&H after the COVID-19 pandemic.

The Impact of the Digital Capability of College Students’ New Enterprises on Business Model Innovation Driven by the Digital Economy: The Mediating Effect of Digital Opportunity Discovery

Based on the theoretical frameworks on dynamic capabilities and business model innovation, we conducted a comprehensive survey and analysis involving 451 Chinese university student enterprises. The primary objective was to investigate the synergistic mechanism between these two factors, assessing their impact on business model innovation and tracing the evolutionary path. The study revealed the following key findings: (1) positive correlations exist between digital capabilities and business model innovation; (2) entrepreneurial passion serves as a mediator in the positive relationship between digital capabilities and the discovery of digital opportunities; (3) digital opportunity discovery acts as a mediator in the relationship between digital capabilities and business model innovation; (4) under the mediation of dynamic capabilities, digital opportunity discovery significantly promotes business model innovation. Our research contributes to the empirical exploration of digitization in enterprises, shedding light on the collaborative influence of digital capabilities and digital opportunity discovery on business model innovation. Importantly, it elucidates the contextual boundaries that influence business model innovation through diverse pathways, enhancing our comprehensive understanding of the dynamic landscape in the evolution of digital business transformations.

Harnessing Disruptive Technologies for Agricultural Revolution: A Systematic Literature Review on Impact and Sustainability

This literature review employs the Scientific Procedures and Rationales for Systematic Literature Reviews (SPAR-4-SLR) framework to comprehensively analyze the impact of disruptive technologies on the agricultural sector, often characterized as the Agriculture Revolution. The review's primary focus lies on understanding how disruptive technologies influence business model transformation, enhance operational efficiency, promote sustainability, and mitigate supply chain disruptions within the agricultural domain. By systematically reviewing existing research, this study seeks to consolidate knowledge, identify research gaps, and provide valuable insights for the future development of agriculture in the era of disruptive technologies.

Mastering digital leadership capabilities for business model innovation: the role of managerial decision-making and grants

PurposeResearch has shown that business model innovation can facilitate most ventures to innovate and remain competitive, yet there has been limited work on how digital leadership capabilities influence business model innovation. Building on the dynamic capabilities view, we address this gap by linking digital leadership capabilities with business model innovation via managerial decision-making through provision of grants received by new ventures.Design/methodology/approachThe study is cross-sectional research. Data have been collected utilizing purposive sampling from 313 founding members of new ventures in high-velocity markets, i.e. from Pakistan. SPSS has been used to conduct the moderated mediation analysis.FindingsDigital leadership capabilities foster the business model innovation of the new ventures because they enable new ventures to capitalize on digital technologies and create new ways of generating value for the customers and themselves. Moreover, managerial decision-making mediates digital leadership capabilities and business model innovation relationship, whereas, grants moderate the indirect positive effect of digital leadership capabilities on business model innovation via managerial decision-making. The study generates initial evidence on the impact of digital leadership capabilities on business model innovation via managerial decision-making for new ventures. We advance knowledge on new ventures’ business model innovation by deep-diving into dynamic capabilities view and emphasizing digital leadership capabilities as a significant driver for business model innovation.Originality/valueWith the help of dynamic capabilities theory, this study analyzes how new ventures make use of digital leadership capabilities to promote business model innovation.

Identification and Prioritization of Religious Mental Models Influencing the Business Model

Objective: The primary objective of this study is to identify and prioritize the religious mental models that influence business models among Iranian Muslim entrepreneurs. Methodology: The study employs a mixed-method research approach, combining qualitative and quantitative data collection methods. Data were gathered through interviews and questionnaires. The interview sample consisted of 13 entrepreneurs from the city of Mashhad, while the questionnaire sample included 21 faculty members from management disciplines at Adib Mazandaran Institute of Higher Education. The collected data were analyzed using Excel and MICMAC software to identify and prioritize the key dimensions of religious mental models that influence business practices. Findings: The study identified eight key dimensions of business models influenced by religious beliefs: business ethics, stakeholder importance, cultural context, institutional context, family-centeredness, customer orientation, the divine meaning of business, and business skills. Among these, business ethics, family-centeredness, and the divine meaning of business were found to have the highest priority. These dimensions reflect the deep integration of religious values into business practices, with a strong emphasis on ethical conduct, the centrality of family, and the spiritual significance of business activities. Conclusion: The findings underscore the critical role that religious beliefs play in shaping the business models of Iranian Muslim entrepreneurs. Business ethics, family-centeredness, and the divine meaning of business emerge as the most influential dimensions, highlighting the importance of aligning business practices with Islamic values.

Resourcing actions that influenced business model adaptation during the COVID-19 crisis

Purpose: Entrepreneurs constantly face crises and resource scarcity threatening their firms’ survival. However, limited studies analyse how entrepreneurs influence business model adaptation to survive a crisis. The study uses the bricolage theory to explore how entrepreneurs’ resourcing actions influenced business model adaptation during the COVID-19 crisis in a resource-constrained environment.Design/methodology/approach: This narrative qualitative study was conducted on 12 Indian entrepreneurs in the KwaZulu-Natal province and validated by additional interviews with three Black African entrepreneurs in Gauteng province, South Africa. The themes were developed using narrative thematic analysis.Findings/results: The study reveals the resourcing actions influencing Indian entrepreneurs’ business model adaptation. These include sense-making of resource constraints, leveraging ‘self-reliant’ entrepreneurial bricolage behaviours and maximising ‘joint’ stakeholder resources. The study shows how some dimensions of effectuation influence the resourcing actions, suggesting that bricolage is not mutually exclusive from effectuation during business model adaptation because of the crisis.Practical implications: The study offers entrepreneurs practical insights on resourcing actions for business model adaptation during a crisis. The findings will help entrepreneurship development groups establish suitable interventions for entrepreneurs, assisting in preparing and managing crises.Originality/value: The study shows how the micro or individual and/or entrepreneur interacts with the macro business levels and stakeholders during business model adaptation. The study shows that entrepreneurs’ actions are significant antecedents to business model adaptation.

Organizational structure and dynamic capabilities on business model innovation in project-driven enterprises: evidence from the construction industry

PurposeFlexibility and efficiency are dual attributes of the organizational structure that are crucial for project-driven enterprises to achieve sustainable development in a dynamic environment. However, there is a lack of research on the patterns by which the dual attributes of a project-driven enterprise’s organizational structure affect business model innovation. Employing organizational theory, this study aims to assess the mediating mechanisms and dynamic capabilities through which the dual attributes of the organizational structure influence business model innovation in project-driven enterprises.Design/methodology/approachData were collected from 242 employees from four project-driven companies across 26 cities (e.g. Beijing, Tianjin, Guangzhou and Shenzhen) in China. Structural equation modeling revealed the relationship between organizational structure’s dual attributes and business model innovation.FindingsThe findings show that the dual attributes (flexibility and efficiency) of the organizational structure have positive impacts on business model innovation. Moreover, dynamic capabilities mediate the relationship between the dual attributes and business model innovation in project-driven enterprises.Originality/valueThis study provides contributions to innovation research in the context of project-driven enterprises by revealing the influence of organizational structure on business model innovation through the firms’ dynamic capabilities. Such knowledge can enable managers of project-driven enterprises to develop effective interventions to promote business model innovation.

Innovative practices in the hospitality industry - a literature review

The purpose of this research is to provide guidance for future research that may be related to the concept of innovation specifically within the hospitality industry, which is quite imperative when recent researches are being analyzed further and looked on in a deeper scope. Literature reviews examined in this study had a different drive. The main purpose was to analyze factors that influence business models in the hospitality industry, to provide fusion potential on collaborative innovation in tourism and hospitality and to determine dimensions for sustainable oriented hospitality innovation. This literature review seeks to inspect the existing literature published in the period 2012-2022 by using Emerald Insight and ProQuest database with the following keywords: “innovation” and “hospitality” concerning their a) research focus, b) methodology used, c) sample, d) results. All papers that matched the research requirements and time frame are presented. The two databases were carefully examined for the purpose of this study. This systematic and detailed literature review could be a useful base for future researches and service innovation as a key of business success and competitive advantage for the hospitality industry. One of the most significant findings is the relative lack of empirical researches conducted on the sample of restaurants.

Business Model Innovation as a Future-oriented Sensemaking Process

It is well established that technology—and particularly the uncertainty caused by disruptive emerging technologies—has an impact on industrial dynamics, forcing organizations to reimagine their business models. This paper investigates the way in which uncertainties arising from the imminent disruption caused by 5G technology are influencing business model innovation. This in-depth qualitative case study of a Nordic telecom organization shows that the uncertainty created by disruptive technologies initiates a parallel process of sensemaking and business model innovation. The newly developed business model has three dimensions , reflecting value-centric activities, internal changes in the organization and its attempt to capitalize on external opportunities. By investigating the way in which managers deal with uncertainties associated with 5G, this research characterizes business model innovation as a future-oriented sensemaking process, revealing three distinct phases which entail five underlying novel mechanisms explaining this process model. The present study advances our understanding on the impact of future uncertainty on the business model innovation process.

Single- or multi-sided business models: how does time perception influence business model choice

Various cognitive factors can influence managerial decisions about business models; in particular, this article reveals how time representation affects entrepreneurs' business model choices over time. By studying four start-ups pursuing emerging internet of things applications in real-life contexts, this article reveals that when the entrepreneurs perceive time urgency, they rely on information and knowledge from their personal backgrounds and adopt single-sided business models. Conversely, when no perceived time urgency exists, entrepreneurs devote more time to exploring their environments and can develop alternative business model configurations. This research contributes to debates about the relationship between technology and business models and reveals that the type of technology affects an entrepreneur's time perception, which influences business model choice. The findings then can help entrepreneurs select a business model by acknowledging how their unconscious mental representation of time influences their choice.

Understanding the influence of technological capability and exogenous pressure on business model dynamics: insights from a longitudinal case study

PurposeThe purpose of the study is to explore how technological capability and exogenous pressure interactively influence business model (BM) dynamics over time in new technology-based ventures.Design/methodology/approachThe study adopts a longitudinal case study of the BM innovations of a Chinese financial technology venture. The structural approach and temporal bracket are used to analyze and theorize the data.FindingsThe findings indicate that distinct contextual changes impel a firm to refine or abandon existing BMs over time. In different stages, the antecedents interactively influence BM dynamics with three successive patterns, namely pressure dominance, parallel influence and hybrid influence. While both antecedents trigger changes during the initiation and implementation of new BMs, they also serve as the filter and the enabler, respectively, during the ideation and integration of BMs.Research limitations/implicationsThe study inductively develops three propositions regarding the relationship between BM dynamics and its antecedents, which is based on the data collected from one single firm. Future research should test the propositions in other domains and take more cross-level antecedents into consideration.Originality/valueThe study contributes to the nascent research stream of BM dynamics by offering in-depth insights into the interaction of internal and external antecedents and by linking the differentiated roles of antecedents to the BM innovation process. The research offers some practical implications for new technology-based ventures seeking to develop BMs in a fast-changing environment.

Investigating the Predictors and Outcomes of Entrepreneurial Bricolage

Entrepreneurial leaders have the ability to influence business model innovation and entrepreneurial bricolage. Introducing alternative ideas and behaviors in an enterprise nowadays often linked to innovation. Companies are eager to take advantage of or benefit from new goods or services or technological marketing channels in this context. Due to the recognition of leadership as an important driver of business innovation, a perceptual framework has been established in order to study the consequences of entrepreneurial leadership on the desire to build business model innovation in organizations, with business acting as a mediating moderating function on entrepreneurial bricolage and entrepreneurial self-efficacy. To explore the conceptual model of the study, five hypotheses have been proposed. A self-managed survey was conceived to acquire cross-sectional responses from 325 people working in the Punjab, Pakistan manufacturing industry. The results demonstrated that, when entrepreneurial self-efficacy is high, the link between entrepreneurial leadership and business model innovation models is stronger. As a result, this is a one-of-a-kind cross-sectional study that investigates the mediating-moderating process of business bricolage and entrepreneurial self-efficacy in Pakistan's manufacturing industry. The study contributes to existing research while also assisting legislators in taking action to govern workplace self-efficacy and encouraging leaders to use entrepreneurial bricolage techniques and business model innovation.

Reciprocating Business Model Innovation – How Client and Supplier Models Interact

ABSTRACT Purpose. The purpose of this article is to show the relationship between changes of industry business model on the supplier side and changes in business model on the client side, using the information technology industry as an example. This is the first paper to investigate supplier-side industry-wide business models and identify their consequences for client-side industry-wide business models. Methodology. The methodology is a review of academic and gray literature and conceptual analysis, applied particularly to three client-side industry case studies – financial services, airlines and online video streaming services Findings. Changes in the business model on the client side may be contingent on the products and services that emerge from the information and communications technology industry as it changes its business models. Practical implications. Client-side companies formulating their business strategies in industries which are highly dependent on successful information management should factor developments in the information and communications technology industry business models into account in their planning. They should also consider how they can influence business model change on the supplier side by changes they make to their information management strategies and processes. Research implications. The implications for research are that researching investigating changes in business models, particularly in relation to clients of the IT industry, should consider whether there have been changes in business models on the supplier or client side, and whether and how they have interacted.

The Role of Supply Chains in the Global Business of Forced Labour

Supply chains are fundamental to whether decent work flourishes or not. Not only do supply chain dynamics shape employment practices and working conditions, but they also influence business models and capabilities which structure opportunities for decent work. As scholars and policymakers race to strengthen labor standards in supply chains and confront barriers to their effective implementation, management scholars can both benefit from and advance an understanding of the role of supply chains in giving rise to indecent work, especially the business practices commonly described as forced labor and modern slavery. To help realize this potential, this article draws from my research on the business of forced labor to emphasize three points. First, there are clear and discernible patterns with respect to the root causes of forced labor in supply chains. Second, forced labor in supply chains cannot be understood in isolation of broader dynamics of work and employment, since low‐waged workers tend to move in and out of conditions of forced labor in relatively short periods of time. Third, on‐the‐ground studies of the effectiveness of buyer‐centric governance programs reveal serious gaps between corporate social responsibility standards and business practices when it comes to indicators most relevant to forced labor. I conclude with a discussion of future directions in this research agenda and highlight the potential for business scholars to make a contribution.

A balancing strategy for ambidextrous learning, dynamic capabilities, and business model design, the opposite moderating effects of environmental dynamism

The present study examines whether a balancing strategy for ambidextrous learning (BSAL) can influence business model design (BMD) via dynamic capabilities. Furthermore, this study investigates whether environmental dynamism, in an opposite manner, moderates the relationships between dynamic capabilities and novelty-centered and efficiency-centered BMD. It draws on a cross-industrial sample of 493 Chinese firms. Data are analyzed using a set of OLS regression models and the bootstrap procedure. Results show that dynamic capabilities mediate the positive effects of BSAL on novelty-centered and efficiency-centered BMD; environmental dynamism positively moderates the dynamic capabilities – novelty-centered BMD relationship, while negatively moderating the dynamic capabilities – efficiency-centered BMD relationship. Moreover, the indirect effects of BSAL on novelty-centered and efficiency-centered BMD via dynamic capabilities are also moderated by environmental dynamism in an opposite manner. Theoretical and practical implications are discussed.

Entrepreneurial Alertness, Innovation Modes, And Business Models in Small- And Medium-Sized Enterprises: An Exploratory Quantitative Study

Entrepreneurial alertness refers to the ability to process information and signals from the environment so that individuals can recognize business opportunities, whereas innovation modes depict the variation in firms’ approaches to innovation. Innovation modes have important implications in the way firms compete; however, little research has been done about the relationship among entrepreneurial alertness, innovation modes, and business model in firms. This study explores whether entrepreneurial alertness dimensions influence business models through their effect on firms’ innovation modes. Using survey data from analysis of 119 manufacturing small and medium-sized enterprises in Mexico using structural equation modelling, this study shows that entrepreneurs’ entrepreneurial alertness dimensions have different impacts on innovation modes, which thus have different effects on the efficiency and novelty of business models