The role of top management team diversity in shaping the performance of business model innovation: a threshold effect

Guo, Bin; Pang, Xueqing; Li, Wen Helena

doi:10.1080/09537325.2017.1300250

Cited by 35 publications

(29 citation statements)

References 51 publications

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“…Estimated results showed that all hypotheses are accepted (H1a: β = 0.485, p = 0.000 <0.01; H1b: β = 0.319, p = 0.000 <0.01 and H1c: β = 0.377, p = 0.000 <0.01). The results are similar to Wu (2011) and Guo et al (2017) that stated that when companies have a good relationship with Government officials, it will positively affect the business model. The test results showed that the hypothesis H2b is accepted (H2b: β = 0.278, p = 0.000 <0.01).…”

Section: Resultssupporting

confidence: 83%

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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Section: Resultssupporting

confidence: 83%

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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“…Top management team measures the board's knowledge characteristics through diversity (tenure and functional) [55] and their strategic orientation [56]. It is particularly relevant because the TMT drives the strategic orientation, search activities and guides management's attention [46], [57].…”

Section: ) Sensing Capability For Bmimentioning

confidence: 99%

Opening the Dynamic Capability Black Box: An Approach to Business Model Innovation Management in the Digital Era

et al. 2021

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The digital era is reshaping the competitive landscape, creating a more turbulent environment where digital technologies play a significant role in enabling innovative business models. Companies need to promote business model innovations, readapting their business models, and create new digital business models to thrive in this scenario. The literature emphasizes that dynamic capabilities are the main antecedent to business model innovation. However, the dynamic capabilities construct is poorly operationalized, lacking proper measurements that effectively translate them to practice, remaining a black box. This paper aims to further understand, operationalize and measure the distinctive dimensions of dynamic capabilities for business model innovation. To this end, we follow the design science research methodology, building a tool for dynamic capabilities evaluation through a systematic literature review. We then evaluate the tool based on a three-year, in-depth case study of a software company. Our findings show that the current business model has a central role in shaping dynamic capabilities for business model innovation. The proposed measures encompass activities and practices and business model structure, highlighting the relevance of the co-evolution between business model and dynamic capabilities. Thus, we propose creating what we call a "business model innovation engine" as a function that reshapes the business model to incorporate dynamic capabilities as part of the value creation architecture. We contribute to theory by better translating dynamic capabilities for business model innovation to observable (and measurable) organizational phenomena, linking it to the extant strategic management literature, and elucidating how to measure and guide the build-up of such capabilities. We also add to practice by developing a practical tool for management to use as a means to evaluate their current dynamic capabilities state, therefore guiding for informed strategic action.INDEX TERMS Business model innovation, design science research, digital economy, dynamic capabilities, innovation management.

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“…Companies may decide to reduce production and transaction costs by innovating the business model, or by engaging in new ways of achieving economic exchange between different parties (Zott & Amit, 2007). According to the literature, there are two basic ways to implement this: the first one relates to the efficiency-centered business model innovation and the second one to the novelty-centered business model innovation (Guo, Pang, & Li, 2017). They both represent the dimensions of business model innovation (Zott & Amit, 2007).…”

Section: Business Model and Business Model Innovationmentioning

confidence: 99%

The interplay of technological innovation and business model innovation toward company performance

Smajlović

Umihanić

Turulja

2019

Management (Split, Online)

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This study aims to clarify the relation between technological innovation and business model innovation and their shared impact on the business success of medium and large enterprises. Drawing on the Resource-Based View, this paper offers a comprehensive research model that analyses the relationships between technological innovation and business model innovations and their impact on business success. Structural Equation Modelling is utilized for the analysis of a dataset collected in a Southeast European developing country among medium and large enterprises. The results show that technological innovation has a positive influence on business model innovation and that business model innovation positively impacts the success of a business. Finally, the results confirm the mediating role of business model innovation between technological innovation and company business success. This research adds to the existing literature by empirically investigating the relationship between technological innovation, business model innovation, and company success identifying an antecedent role in the relationship between technological innovation and business model innovation.

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The role of top management team diversity in shaping the performance of business model innovation: a threshold effect

Cited by 35 publications

References 51 publications

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

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

Opening the Dynamic Capability Black Box: An Approach to Business Model Innovation Management in the Digital Era

The interplay of technological innovation and business model innovation toward company performance

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