Business Model Innovation in Established SMEs: A Configurational Approach
Small and medium-sized enterprises (SMEs) are at the heart of a nation’s wealth creation, employment generation and economic development. To help SMEs stay competitive in a fast-changing environment, researchers have recently emphasized the relevance of business model innovation (BMI). However, BMI...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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Elsevier
2020-09-01
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| Series: | Journal of Open Innovation: Technology, Market and Complexity |
| Subjects: | |
| Online Access: | https://www.mdpi.com/2199-8531/6/3/76 |
| _version_ | 1797668513013301248 |
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| author | Dorleta Ibarra Ali Ziaee Bigdeli Juan Ignacio Igartua Jaione Ganzarain |
| author_facet | Dorleta Ibarra Ali Ziaee Bigdeli Juan Ignacio Igartua Jaione Ganzarain |
| author_sort | Dorleta Ibarra |
| collection | DOAJ |
| description | Small and medium-sized enterprises (SMEs) are at the heart of a nation’s wealth creation, employment generation and economic development. To help SMEs stay competitive in a fast-changing environment, researchers have recently emphasized the relevance of business model innovation (BMI). However, BMI and its performance are not linear but rather a complex phenomenon that depends on contingency factors. Based on configurational theory, this study extends the BMI research to SMEs, exploring the management approaches and BMI capabilities that foster BMI in established SMEs. To achieve this objective, this study of a purposive sample of 78 Spanish SMEs adopts the fuzzy set qualitative comparative analysis (fsQCA) method. Results suggest three substantive conclusions. First, long-term managerial orientation is a key factor for the development of BMI in SMEs. Second, five BMI capabilities (sensing customer needs, sensing technological options, conceptualizing and experimenting, collaborating and BMI strategy) support, in combination with the management approach, the development of BMI in established SMEs. Third, open innovation (open flows of knowledge regarding market needs and the potential of technologies, as well as collaboration with customers) are concrete preconditions of business model innovation. Therefore, managers in SMEs need both to actively consider their management approach towards BMI, and to develop some key dynamic capabilities in their organizations to implement BMI, an approach also valid for post-Covid-19 management. |
| first_indexed | 2024-03-11T20:30:18Z |
| format | Article |
| id | doaj.art-7fc275f1a7e04201a737d617fe936495 |
| institution | Directory Open Access Journal |
| issn | 2199-8531 |
| language | English |
| last_indexed | 2024-03-11T20:30:18Z |
| publishDate | 2020-09-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Journal of Open Innovation: Technology, Market and Complexity |
| spelling | doaj.art-7fc275f1a7e04201a737d617fe9364952023-10-02T09:23:32ZengElsevierJournal of Open Innovation: Technology, Market and Complexity2199-85312020-09-016767610.3390/joitmc6030076Business Model Innovation in Established SMEs: A Configurational ApproachDorleta Ibarra0Ali Ziaee Bigdeli1Juan Ignacio Igartua2Jaione Ganzarain3Mechanical and Industrial Production Department, Faculty of Engineering, Mondragon University, 20500 Mondragon, SpainThe Advanced Services Group, Aston Business School, Aston University, Birmingham B4 7ET, UKMechanical and Industrial Production Department, Faculty of Engineering, Mondragon University, 20500 Mondragon, SpainMechanical and Industrial Production Department, Faculty of Engineering, Mondragon University, 20500 Mondragon, SpainSmall and medium-sized enterprises (SMEs) are at the heart of a nation’s wealth creation, employment generation and economic development. To help SMEs stay competitive in a fast-changing environment, researchers have recently emphasized the relevance of business model innovation (BMI). However, BMI and its performance are not linear but rather a complex phenomenon that depends on contingency factors. Based on configurational theory, this study extends the BMI research to SMEs, exploring the management approaches and BMI capabilities that foster BMI in established SMEs. To achieve this objective, this study of a purposive sample of 78 Spanish SMEs adopts the fuzzy set qualitative comparative analysis (fsQCA) method. Results suggest three substantive conclusions. First, long-term managerial orientation is a key factor for the development of BMI in SMEs. Second, five BMI capabilities (sensing customer needs, sensing technological options, conceptualizing and experimenting, collaborating and BMI strategy) support, in combination with the management approach, the development of BMI in established SMEs. Third, open innovation (open flows of knowledge regarding market needs and the potential of technologies, as well as collaboration with customers) are concrete preconditions of business model innovation. Therefore, managers in SMEs need both to actively consider their management approach towards BMI, and to develop some key dynamic capabilities in their organizations to implement BMI, an approach also valid for post-Covid-19 management.https://www.mdpi.com/2199-8531/6/3/76business model innovationdynamic capabilitiesopen innovationpost-Covid-19 managementmanagerial orientationcollaboration |
| spellingShingle | Dorleta Ibarra Ali Ziaee Bigdeli Juan Ignacio Igartua Jaione Ganzarain Business Model Innovation in Established SMEs: A Configurational Approach Journal of Open Innovation: Technology, Market and Complexity business model innovation dynamic capabilities open innovation post-Covid-19 management managerial orientation collaboration |
| title | Business Model Innovation in Established SMEs: A Configurational Approach |
| title_full | Business Model Innovation in Established SMEs: A Configurational Approach |
| title_fullStr | Business Model Innovation in Established SMEs: A Configurational Approach |
| title_full_unstemmed | Business Model Innovation in Established SMEs: A Configurational Approach |
| title_short | Business Model Innovation in Established SMEs: A Configurational Approach |
| title_sort | business model innovation in established smes a configurational approach |
| topic | business model innovation dynamic capabilities open innovation post-Covid-19 management managerial orientation collaboration |
| url | https://www.mdpi.com/2199-8531/6/3/76 |
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