Managerial networking and business model innovation: empirical study of new ventures in an emerging economy

Anwar, Muhammad; Shah, Syed Zulfiqar Ali

doi:10.1080/08276331.2018.1490509

Cited by 92 publications

(106 citation statements)

References 52 publications

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“…Thereby, supporting studies which suggest that the relevance of mediating variables on the relationship between EO and international performance will concurrently move the BMI and EO research forward (Lumpkin and Dess 2001;Wiklund and Shepherd 2005;Li et al 2009;Foss and Saebi 2018). Second, we examined BMI as a key success factor for SMEs' internationalization activities (Sosna et al 2010;Anwar and Ali Shah 2018) as well as the international performance implications of BMI (Aspara et al 2010;Amit and Zott 2012). To our knowledge, neither of these notions was empirically confirmed previously; rather, they were only partly alluded to in earlier conceptual works.…”

Section: Contributionmentioning

confidence: 89%

Business model innovation and entrepreneurial orientation relationships in SMEs: Implications for international performance

et al. 2019

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Academic research is increasingly emphasizing the critical role of business models (BMs) and business model innovation (BMI) in the international entrepreneurship (IE) domain, yet empirical studies on the topic are quite limited. This study demo0nstrates the role of BMI and entrepreneurial orientation (EO) in the internationalization of small-and medium-sized enterprises (SMEs). Specifically, we explored the mediating role of BMI in the relationship between EO and international performance among internationalizing SMEs. Drawing on a cross-industrial sample of 95 international Finnish SMEs, we empirically test the hypothesized relationships by developing a confirmatory factor analysis measurement model with subsequent application of ordinary least squares multiple regression. The results suggest that BMI positively and significantly mediates the relationship between EO and international performance. In addition, EO has a positive and significant effect on SMEs' BMI. Thus, the findings of the study imply that both BMI and EO are important drivers of international performance for internationalizing SMEs. The study contributes to the IE literature by illustrating the dynamics of BMI and providing evidence of the linkages between strategic orientations and BMI in the international performance of SMEs.

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Section: Contributionmentioning

confidence: 89%

Business model innovation and entrepreneurial orientation relationships in SMEs: Implications for international performance

et al. 2019

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“…This research enables the Small and Medium Enterprises Authority (SMEDA)-a authority responsible for SMEs in Pakistan-to modify their internal policies and strategies to support SMEs in acquiring useful tangible and intangible resources. For instance, Anwar and Shah [1] reported that more than 50% of firms fail in the initial stage due to a lack of resources and support. The high failure ratio behooves the SMEDA and other responsible authorities to provide adequate resources to SMEs, which in turn will contribute to economic performance and employment.…”

Section: Contributions Of This Studymentioning

confidence: 99%

“…Due to resource constraints and a lack of capabilities, many reputed firms have failed. For instance, a recent study indicates that more than 50% of newly established ventures shut down in the initial stage across the globe due to a lack of resources, a lack of competencies, and limited skills [1]. Resource base view (RBV) theory depicts that unique, rare, and immutable resources enable firms to gain sustainable competitive advantage [2].…”

Section: Introductionmentioning

confidence: 99%

The Role of a Manager’s Intangible Capabilities in Resource Acquisition and Sustainable Competitive Performance

2019

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The answer to the challenging question, “Should one either invest in tangible resources or intangible resources/capabilities?” is still fragmented. In prior studies, more emphasis is given to tangible resources, while intangible resources have comparatively received minor attention, despite their significant role in the success of small and medium enterprises (SMEs). Particularly the role of the intangible skills; intellectual capital, financial literacy (FL), and business experience (BE) in resource acquisition and sustainable competitive performance has missed in prior studies. Grounded on the resource-based view and upper echelon theory, this study examines the role of intellectual capital in sustainable competitive performance with a mediating role of resource acquisition. This research also assesses the moderating role of financial literacy and business experience between intellectual capital and resource acquisition. Data are collected through structured questionnaires from 384 owners/managers of Pakistani SMEs. After analyzing the data through structural equation modeling (SEM), the results indicate that intellectual capital helps managers in acquiring valuable resources, which in turn enhance sustainable competitive performance. Resource acquisition partially mediates the relation between intellectual capital and sustainable competitive performance. Financial literacy is a significant predictor of resource acquisition, but it does not significantly moderate the relation between intellectual capital and sustainable competitive performance. Business experience significantly boosts the acquisition of resources and strengthens the path between intellectual capital and resource acquisition. SMEs should encourage their managers to acquire unique, rare, and immutable external resources in the turbulent markets.

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“…Hypotheses H3a and H3b are accepted (H3a: β = 0.179, p = 0.020 <0.05; H3b: β = 0.1170, p = 0.016 <0.05). These relationships have not been well tested previously, but Anwar & Shah (2018) stated that relationships with business partners influence BMI in the same direction. Hypothesis H3c is rejected since the test result is not statistically significant (H3c: β = 0.112, p = 0.169> 0.1).…”

Section: Resultsmentioning

confidence: 99%

“…Some scholars have published studies on the influence of the relationship network on BMI. For example, Guo et al (2013) examined the impact of human capital, and social capital on BMI, Anwar & Shah (2018) assessed the impact of financial, political, and business partners' networks on BMI. These two studies adopted the BMI measurement scale of Zott & Amit (2007).…”

Section: Introductionmentioning

confidence: 99%

Relationship Network and Business Model Innovation of Start-Up Companies in the Context of Industrial Revolution 4.0: An Evidence from Vietnam

Ghi¹,

Anh²,

Thu.³

et al. 2020

Proceedings of the 17 Th International Symposium on Management (INSYMA 2020)

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In the starting phase, despite incentives of government support policies and related entities' supports, startup companies face many difficulties in accessing external information and resources to innovate current business models. The role of management resources in building relationship networks to promote business model innovation (BMI) is a popular topic but has not been tested in transition markets and the context of Industry 4.0. This study was conducted by applying the Partial Least Squares method (PLS-SEM) to examine relationship networks and BMI of startup companies in Vietnam. The research results showed that relationship with government officials positively influences BMI's components; social relations positively affect value proposition innovation; relationship with business partners positively influences value creation innovation and value proposition innovation. Relationship network and BMI are essential for startup companies to respond to environmental changes. The research results also provide useful information for startup support organizations in connecting and consulting effective business models for startup companies.

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Managerial networking and business model innovation: empirical study of new ventures in an emerging economy

Cited by 92 publications

References 52 publications

Business model innovation and entrepreneurial orientation relationships in SMEs: Implications for international performance

Business model innovation and entrepreneurial orientation relationships in SMEs: Implications for international performance

The Role of a Manager’s Intangible Capabilities in Resource Acquisition and Sustainable Competitive Performance

Relationship Network and Business Model Innovation of Start-Up Companies in the Context of Industrial Revolution 4.0: An Evidence from Vietnam

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