SMEs Perspective on Business Model Innovation

Marolt, Marjeta; Lenart, Gregor; Borštnar, Mirjana Kljajić; Vidmar, Doroteja; Pucihar, Andreja

doi:10.18690/978-961-286-170-4.40

Cited by 19 publications

(12 citation statements)

References 7 publications

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“…Therefore, this research findings support theoretical foundations. Moreover, as hypothesized in this research, the findings are consistent with the most recent results by Marolt et al (2018), which suggest that BMI outcomes have a positive impact on company performance in the context of Slovenian SMEs.…”

Section: Discussionsupporting

confidence: 92%

“…Therefore, a most recent study has shown the contribution of BMI to company performance (Foss and Saebi, 2017;Guo et al, 2017). Additionally, a most recent study results have confirmed that BMI outcomes are positively associated with firm performance (Marolt et al, 2018). Therefore, Bouwman et al (2018) shown a direct effect of BM practices on company performance.…”

Section: Outcomes Of the Bmi Practicesmentioning

confidence: 86%

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Impact of business model innovations on SME’s innovativeness and performance

Gatautis

Vaičiukynaitė

Tarutė

2019

BJM

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Purpose Business model innovations (BMIs), their drivers and outcomes are attracting increasing attention in academic literature. However, previous studies have mainly focused on large companies, while knowledge of BMI in small-to-medium-sized enterprises (SMEs) is limited. Therefore, the purpose of this paper is to add new insights into how related BMI drivers, practices and outcomes are in relation to SMEs. Design/methodology/approach An extensive review of the existing literature was performed. Consequently, the relationships between BMI drivers, BMI practices and outcomes of BMI were developed as a conceptual framework. An empirical study was carried out. A structural equation modeling (SEM) procedure was used to empirically test the model using a quantitative data set of Lithuanian SMEs (n=73). Findings The study provides insights into the relations between BMI drivers, BMI practices and outcomes of BMI in SMEs. The findings of SEM, four drivers (innovation activities, strategic orientation, market and technology turbulence, respectively) are indicated to contribute to BMI of SMEs. In addition, the results proved that the implementation of BMI practices leads to strategic and architectural changes in firms and has a positive impact on SMEs performance and innovativeness. Research limitations/implications Empirical research is focused on a limited number of internal and external BMI drivers, which have an influence on BMI in SMEs from one geographical region. Consequently, there are many external and internal BMI drivers which also may have an influence on BMI in SMEs, such as industry life cycle, organizational inertia and leadership. Meanwhile, SMEs possess multiple characteristics, i.e. a phase of maturity, gender of CEO, firm size and industry; therefore, the aforesaid aspects are considered to be significant limitations. In addition, the importance of SMEs characteristics as mediators for the effects on a firm’s performance and innovativeness should be considered in future research avenues. Practical implications Findings of this research can be used by SME managers to better understand how firms might actively engage in BMI practices, what drivers lead to BMI and, in turn, affect their firm’s performance and innovativeness. SME managers should be encouraged to pay attention to strategic and architectural changes of BM that can contribute to enterprise performance and innovativeness. Originality/value This paper adds to the stream of BMI research by empirically exploring drivers and outcomes of BMI in SMEs. In addition, this paper fulfills research gaps proposed by Bouwman et al. (2018), Foss and Saebi (2017), Heikkilä, Bouwman and Heikkilä (2018) and Lambert and Davidson (2013), and enhances the current overall understanding of BMIs.

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Section: Discussionsupporting

confidence: 92%

Section: Outcomes Of the Bmi Practicesmentioning

confidence: 86%

Impact of business model innovations on SME’s innovativeness and performance

Gatautis

Vaičiukynaitė

Tarutė

2019

BJM

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“…More specifically, BMI leads towards changes in the BM architecture; either in one or more components in the BM [4,23,57]. In our research, we observe outcomes as changes in business processes standardization and integration, as well as changes in information and communication applications and infrastructure as a result of BMI activities [79,80].…”

Section: Outcomes Of Bmimentioning

confidence: 95%

“…In our study, we focus only on several dimensions, which are conceptualized as sales and profit growth, market share, value and penetration rate, and net income [83,87]. Hence, we hypothesize that: processes standardization and integration, as well as changes in information and communication applications and infrastructure as a result of BMI activities [79,80]. Previous research has shown that BMI activities are related to BMI outcomes [1,14].…”

Section: Outcomes Of Bmimentioning

confidence: 99%

Drivers and Outcomes of Business Model Innovation—Micro, Small and Medium-Sized Enterprises Perspective

et al. 2019

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Business model innovation (BMI) is one of the key activities, which has to be continuously undertaken in every enterprise to sustain competitiveness in today’s digital economy. Although the interest in business models (BM) has risen significantly since the late 1990s, little is known about BMI practices in small- and medium-sized enterprises (SMEs), representing a majority of enterprises in the European market. Our study addresses this research gap and focuses on the investigation of drivers and outcomes of BMI in SMEs. A partial least squares path modeling (PLS-PM) method was used to empirically test the model using data collected in 2017 from 71 SMEs in Slovenia. Results have shown that the innovativeness of enterprises and their business environment has a positive impact on the level of BMI activities in the enterprises. However, this is not the case of fast developing and rapidly changing information technology. In addition, the results show that the level of BMI has a positive impact on BMI outcomes and further on overall business performance. The results contribute to the body of knowledge in the field of BMI activities in SMEs and offer useful insights to SMEs that intend to innovate their business model(s) and government to create a supportive environment.

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“…71 valid responses were utilized for the statistical analysis using SPSS software. Based on the initial research model proposed by Marolt, Lenart, Kljajić Borštnar, Vidmar, & Pucihar (2018) we calculated means for all components of model variables to form constructs for further analysis of differences among groups of different size SMEs by using one way ANOVA analysis with Tukey post hoc test. All statistical tests were calculated with .05 confidence interval for statistically significant differences.…”

Section: Methodsmentioning

confidence: 99%

SMEs business model innovation: does enterprise size matter?

Lenart

Marolt

Vidmar

et al. 2019

Humanizing Technology for a Sustainable Society

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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.

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SMEs Perspective on Business Model Innovation

Cited by 19 publications

References 7 publications

Impact of business model innovations on SME’s innovativeness and performance

Impact of business model innovations on SME’s innovativeness and performance

Drivers and Outcomes of Business Model Innovation—Micro, Small and Medium-Sized Enterprises Perspective

SMEs business model innovation: does enterprise size matter?

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