SMEs business model innovation: does enterprise size matter?

Abstract

This paper extends previous studies on micro, small, and medium-sized enterprises (SMEs) perspective on business model innovation (BMI) by analysing the differences in opinions between SMEs of different sizes regarding the drivers of BMI and the level of BMI. Based on the literature review the hypotheses were developed. Results demonstrate that there are significant differences in opinion in SMEs of different sizes about the importance of environment and innovation as BMI drivers, while there were no significant differences in opinion about the importance of technology as BMI driver. In addition, the results show that there are significant differences between SMEs of different sizes about the level of BMI.