Driving internationalization through business model innovation

Cavallo, Angelo; Ghezzi, Antonio; Guzmán, Bertha Viviana Ruales

doi:10.1108/mbr-11-2018-0087

Cited by 45 publications

(45 citation statements)

References 61 publications

(164 reference statements)

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“…As Brandenburg et al (2014) pointed out, almost one out of ten Erasmus students start their own company, and more than three out of four plan to do so. This is because exchange programs allow students to create an international network, improve their soft skills and get in touch with different cultures, thus obtaining a better understanding of the international market (Cavallo et al 2019;Varano et al 2019). In fact, these programs can have an impact on the social norm of an individual.…”

Section: Variablesmentioning

confidence: 99%

Entrepreneurial intention: An analysis of the role of Student-Led Entrepreneurial Organizations

2021

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Although a great deal of attention has been paid to entrepreneurship education, only a few studies have analysed the impact of extra-curricular entrepreneurial activities on students’ entrepreneurial intention. The aim of this study is to fill this gap by exploring the role played by Student-Led Entrepreneurial Organizations (SLEOs) in shaping the entrepreneurial intention of their members. The analysis is based on a survey that was conducted in 2016 by one of the largest SLEOs in the world: the Junior Enterprises Europe (JEE). The main result of the empirical analysis is that the more time students spent on JEE and the higher the number of events students attended, the greater their entrepreneurial intention was. It has been found that other important drivers also increase students’ entrepreneurial intention, that is, the Science and Technology field of study and the knowledge of more than two foreign languages. These results confirm that SLEOs are able to foster students’ entrepreneurial intention. The findings provide several theoretical, practical and public policy implications. SLEOs are encouraged to enhance their visibility and lobbying potential in order to be recognized more as drivers of student entrepreneurship. In addition, it is advisable for universities and policy makers to support SLEOs by fostering their interactions with other actors operating in the entrepreneurial ecosystem, who promote entrepreneurship and technology transfer activities. Lastly, this paper advises policy makers to assist SLEOs’ activities inside and outside the university context.

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Section: Variablesmentioning

confidence: 99%

Entrepreneurial intention: An analysis of the role of Student-Led Entrepreneurial Organizations

2021

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“…Next, we identify the salient characteristics of value creation and capture in Latin America and the implications of our proposed perspective for distinguishing the region from other emerging market contexts in terms of the dynamics of international business. We conclude with a brief presentation of the papers by Kogut et al (2020), Cavallo et al (2019) and Puig et al (2020), and highlight how the conclusions of each paper relate to our focus on value creation.…”

Section: Introductionmentioning

confidence: 93%

“…The article emphasizes the difficulties the firm's managers encountered to share corporate best practices and allow for firm-wide knowledge flows. The article by Cavallo et al (2019) uses a Colombian agroindustry company to portray how innovation in business models (as compared to products and services) can create value (Amit and Zott, 2012) and trigger firms to pursue opportunities overseas. The authors document how the firm adapted its value creation, delivery and capture mechanisms to be able to venture and compete abroad.…”

Section: Value Of Brandsmentioning

confidence: 99%

A value creation perspective on international business in Latin America: directions for differentiation between emerging market multinationals

Hermans

Borda

2020

MBR

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Purpose This study aims to draw researchers’ attention to the need to differentiate within the emerging market multinational companies (EMNCs) category. This study focuses on international business in Latin America to argue that the region’s specific institutional characteristics have consequences for within-firm decision-making regarding internationalization strategies. Additionally, the study suggests that to develop a more specific understanding of international business in emerging markets, it is important to consider how decision-makers define value and how they can capture such value. Design/methodology/approach The approach used in this study draws on the bathtub analogy used in micro-foundations research in international business. It proposes a multilevel analysis in which micro-level variation in within-firm decision-making is considered, while accounting for the conditioning effects of macro-level contextual factors. Findings The study identifies characteristics of the Latin American institutional context that are relevant to international business strategies and that potentially differ from other emerging market contexts. These include the pendular shifts to and from pro-market economic reform, fragmented government intervention in business, underdeveloped capital markets, low competition among firms and polarized labor markets. The study explains how these characteristics shape the definition of value and firm strategies to capture value in international markets, and provides examples from firms in different industries. Originality/value This study applies a value creation and capture perspective to international business in Latin America, allowing for the simultaneous consideration of macrolevel institutional characteristics and microlevel variation in decision-making regarding internationalization strategies. This perspective not only helps to distinguish Latin American EMNCs from companies from other emerging market contexts, but also explains the considerable variation in the internationalization strategies of firms within the region.

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“…Also, Ghezzi (2013) proposes that value networks are a system of interconnected and interplaying business models of different firms operating in the industry and involved in value exchanges. In general terms, the business model has often been conceptualized as a complex system of interdependent activities performed by the firm and its partners, with transaction mechanisms that link these activities (Massa and Tucci, 2013;Cavallo et al, 2019b).…”

Section: Value Network Business Models and Entrepreneurial Ecosystemsmentioning

confidence: 99%

Assessing entrepreneurial ecosystems through a strategic value network approach: evidence from the San Francisco Area

Cavallo

Ghezzi

Sanasi

2021

JSBED

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PurposeThe purpose of this article is to develop a model to assess entrepreneurial ecosystems. Specifically, the authors examine how to measure value creation and value capture mechanisms from a single participant's perspective and at the ecosystem level through a strategic value network-based approach.Design/methodology/approachBuilding on extant research on strategic networks, value networks and business models and leveraging a qualitative survey, the authors develop and test an assessment tool to measure value creation and capture within the entrepreneurial ecosystem of the San Francisco Bay Area.FindingsThe authors show that value-based measures on entrepreneurial ecosystems provide a systemic approach to assess how ecosystems operate, which can guide policymakers, entrepreneurs and all the other stakeholders of entrepreneurial ecosystems in their strategic decision-making process.Originality/valueThe authors provide an original model grounded in the strategic management and entrepreneurship literature for entrepreneurial ecosystems' assessment as few studies have done before. Besides, the authors provide an illustrative attempt to show how to empirically apply the original model by assessing the San Francisco Bay Area's entrepreneurial ecosystem.

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Driving internationalization through business model innovation

Cited by 45 publications

References 61 publications

Entrepreneurial intention: An analysis of the role of Student-Led Entrepreneurial Organizations

Entrepreneurial intention: An analysis of the role of Student-Led Entrepreneurial Organizations

A value creation perspective on international business in Latin America: directions for differentiation between emerging market multinationals

Assessing entrepreneurial ecosystems through a strategic value network approach: evidence from the San Francisco Area

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