Business Model Innovation in Established SMEs: A Configurational Approach

Ibarra, Dorleta; Bigdeli, Ali Ziaee; Igartua, Juán Ignacio; Ganzarain, Jaione

doi:10.3390/joitmc6030076

Cited by 83 publications

(83 citation statements)

References 110 publications

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“…It is crucial in this aspect that such environmental shocks provoke a high level of strategic uncertainty in the functioning of small and medium-sized businesses [26,54,63]. Scholars focus on the advantages of centralized corporate management systems [26,64], since in the context of a health system crisis, the ability of an enterprise to mobilize financial, technological and human resources in the shortest possible time is the most important factor for SMEs' survival-this is an advantage of centralized systems [65]. As noted, the COVID-19 pandemic brings the non-market aspects of corporate strategy to the fore.…”

Section: Literature Reviewmentioning

confidence: 99%

“…It is worth noting that, as a whole, so far, scholars have considered and described the anti-crisis package to support SMEs in different countries, such as tax holidays [25,48,54,57,58]; moratorium on conducting business audits [58,59]; insurance premium reduction and holidays [58,59]; credit holidays [54,[58][59][60][61][62][63]; moratorium on bankruptcy filings initiated by creditors [58,59]; public funding [54,55,58,59,62,[64][65][66] and so on. As evidenced by the results of research, the studied state support system provides slow but fairly stable life support [59].…”

Section: Literature Reviewmentioning

confidence: 99%

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The Effectiveness of Russian Government Policy to Support SMEs in the COVID-19 Pandemic

Razumovskaia

Yuzvovich

Князева

et al. 2020

Journal of Open Innovation: Technology, Market, and Complexity

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This study was aimed at developing a cognitive—econometric model for assessing the effectiveness of the current governmental policies to support enterprises in Russia in the context of pandemic propagation. Using the Granger test and correlation analysis, we formed a system of key indicators that characterizes the economic development of SMEs (small and medium-sized enterprises) in Russia. Based on the revealed causal relationships and correlation coefficients, a model describing the impact of public policy support instruments on SME economic development was built using cognitive modeling. By means of the additive convolution method, the correlation coefficient between the Russia Small Business Index (RSBI) and the COVID-19 prevalence rate was used to predict the 2020 year-end RSBI value. Regarding the RSBI index forecast, the effectiveness of instruments of the state support for SMEs was evaluated. It was determined how much these indicators of the anti-crisis package of measures should change to increase SMEs’ business activities. The developed cognitive model can be utilized by private and governmental institutions to continuously monitor the effectiveness of public policies that support SMEs. It can also be used as a preventive indicator to evaluate the impact of the anti-crisis measures during pandemics and in the case of other exogenous risks threatening SMEs. The originality of the research results was determined by the econometric methods applied to empirically assess the effectiveness and degree of impact of governmental measures on the operation of SMEs under conditions of uncertainty.

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Section: Literature Reviewmentioning

confidence: 99%

Section: Literature Reviewmentioning

confidence: 99%

The Effectiveness of Russian Government Policy to Support SMEs in the COVID-19 Pandemic

Razumovskaia

Yuzvovich

Князева

et al. 2020

Journal of Open Innovation: Technology, Market, and Complexity

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show abstract

“…The paper also provides an empirical contribution, in light of the fact that the increasing interest in BMI in SMEs (e.g. [20], [21], [25]- [28]), by collecting and analyzing primary data on a large, representative sample of European SMEs engaged in BMI,…”

Section: Rq: To What Extent Does Bmi Engagement Enhance Business Performance In European Smes and What Is The Relative Importance Of Bm Ementioning

confidence: 99%

Implementing Business Models Into Operations: Impact of Business Model Implementation on Performance

Verhagen

Reuver²,

Bouwman³

2023

IEEE Trans. Eng. Manage.

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Business models help firms to translate abstract strategic decisions into their daily operations.Because business models mediate between strategy and operations, business model innovation involves both high-level strategic experiments and low-level implementation into operations and technologies. However, most existing empirical studies regarding business model innovation focus exclusively on strategic management and marketing theory. This paper examines whether the performance implications of business model experimentation are mediated by the time and effort spent on implementing business models into operating models and enterprise architectures. We adopt an empirical approach, by analyzing the results of a large-scale, representative survey among European small and medium-sized enterprises (SMEs). In line with existing literature, the research confirms that spending time and effort experimenting with new business models has a positive impact on firm performance. An important new finding is that that impact is in part mediated by business model implementation (i.e. translating new business models into operating models and enterprise architectures). The study provides empirical support for the argument that business model innovation is not just a matter of strategic thinking 1 The work leading to these results has received funding from the European Community's Horizon 2020 Programme (2014Programme ( -2020 under grant agreement 645791. The content herein reflects only the authors' view. The European Commission is not responsible for any use that may be made of the information it contains.The authors thank Maarten Kroesen and Marina van Geenhuizen for comments and suggestions.

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“…The strategic attributes of SMEs that enable optimal development include (1) the innovation and use of technology for product development, (2) the formation of humanitarian relations that are mutually beneficial, (3) the ability to create job opportunities and absorb labor, (4) flexibility and the ability to adapt to market conditions, and (5) managerial dynamics and entrepreneurial roles. SMEs are at the heart of a nation's wealth creation, job creation, and economic development [41]. SMEs are divided into several categories, namely, (1) livelihood activities-SMEs whose aim is to provide a living, more commonly called the informal sector; (2) micro-enterprises-SMEs that have the character of craftspeople but are not yet entrepreneurial; and (3) small dynamic enterprises-SMEs that have an entrepreneurial spirit and are able to accept subcontracts and export jobs.…”

Section: Conceptual Frameworkmentioning

confidence: 99%

Economic Business Sustainability and Strengthening Human Resource Capacity Based on Increasing the Productivity of Small and Medium Enterprises (SMEs) in Makassar City, Indonesia

Hernita¹,

Surya

Perwira³

et al. 2021

Sustainability

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The dynamics of urban development coupled with economic growth have contributed positively to the development of small and medium enterprises (SMEs). Optimizing the utilization and strengthening of the capacity of SMEs’ human resources will encourage increased productivity of economic enterprises and the sustainability of small and medium enterprises (SMEs). This study aims to analyze (1) strengthening the capacity of human resources (HR) of small and medium enterprises to work as a determinant of increasing the productivity of small and medium enterprises (SMEs) and labor absorption; (2) the effect of strengthening the capacity of human resources (HR), business productivity, technology utilization, and business diversification on the sustainability of small and medium enterprises (SMEs); and (3) optimizing the role of government in supporting business development, increasing productivity, business stability and sustainability of small and medium enterprises (SMEs). This study uses a sequential explanatory design approach. Data were obtained through observation, in-depth interviews, surveys, and documentation. Qualitative analysis in this study was carried out through a process of data reduction, data presentation, and conclusion drawing, while the quantitative analysis in this study uses quantitative descriptive analysis, correlation, and multiple regression. The results showed that strengthening the capacity of human resources, coupled with the use of technology, and followed by diversification of business, had a positive contribution to increasing the productivity of small and medium enterprises (SMEs). Furthermore, strengthening human resource capacity, business productivity, technology utilization, and business diversification simultaneously have a positive and significant correlation to the sustainability of small and medium enterprises (SMEs) with a determination coefficient of 72.3%. This study recommends that government policy support through strengthening human resource capacity, increasing business productivity, technology utilization, and business diversification have an impact on the sustainability of small and medium enterprises (SMEs) in Makassar City, Indonesia.

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Business Model Innovation in Established SMEs: A Configurational Approach

Cited by 83 publications

References 110 publications

The Effectiveness of Russian Government Policy to Support SMEs in the COVID-19 Pandemic

The Effectiveness of Russian Government Policy to Support SMEs in the COVID-19 Pandemic

Implementing Business Models Into Operations: Impact of Business Model Implementation on Performance

Economic Business Sustainability and Strengthening Human Resource Capacity Based on Increasing the Productivity of Small and Medium Enterprises (SMEs) in Makassar City, Indonesia

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