Match!

Business model evolution, contextual ambidexterity and the growth performance of high-tech start-ups

Published on Jun 1, 2019in Journal of Business Research4.03
· DOI :10.1016/j.jbusres.2019.02.029
Bernardo Balboni6
Estimated H-index: 6
(University of Modena and Reggio Emilia),
Guido Bortoluzzi7
Estimated H-index: 7
(UniTS: University of Trieste)
+ 1 AuthorsAndrea Tracogna4
Estimated H-index: 4
(UniTS: University of Trieste)
Cite
Abstract
Abstract Focusing on the role of efficiency and novelty design themes, this paper examines how (a) the initial business model of a start-up, (b) the subsequent changes in the design themes and (c) the combinative effect of efficiency and novelty (contextual ambidexterity) impact a start-up's growth performance. The study is based on a survey involving 267 new ventures from high-tech industries. The results highlight the importance of pursuing higher efficiency over the life cycle of a start-up, although not at the moment of its establishment. In relation to business model ambidexterity, the findings highlight the different effect that contextual ambidexterity can have on the growth performance of a start-up firm in different stages of its life cycle. While initial ambidexterity is found to have a negative effect on growth performance, successive increases in the level of ambidexterity have a positive influence on growth.
  • References (78)
  • Citations (1)
Cite
References78
Newest
Published on Sep 2, 2018in Asian Journal of Technology Innovation0.71
Suqin Liao1
Estimated H-index: 1
(USTC: University of Science and Technology of China),
Zhiying Liu1
Estimated H-index: 1
(USTC: University of Science and Technology of China),
Shanshan Zhang1
Estimated H-index: 1
ABSTRACTAlthough innovation ambidexterity is a critical factor for a firm’s long-term success, particularly in high-tech firms operating in a dynamic environment, limited research offers views regarding the mechanism how innovation ambidexterity affects firm performance. Drawing upon market orientation theory, this study conceptualizes business model ambidexterity as a high-order construct consisting of market-driven and driving-market business models. Premised on the resource-based view, this s...
Published on Mar 1, 2018in Small Business Economics3.56
Joseph B. Farhat7
Estimated H-index: 7
(CCSU: Central Connecticut State University),
Alicia Robb20
Estimated H-index: 20
(CU: University of Colorado Boulder)
The Kauffman Firm Survey (KFS) was a panel study of new businesses that employed a complex sample design to collect key data about the dynamics of high-technology, medium-technology, and female-owned business entities. Complex sample designs of the type employed in the KFS typically have multi-frame sampling, stratification, non-response adjustment, and over-sampling components. Each of these design elements has been proven to enhance the efficiency with which researchers analyze and draw infere...
Published on Nov 20, 2017in European Journal of Innovation Management
Blendi Gërdoçi1
Estimated H-index: 1
(University of Tirana),
Guido Bortoluzzi7
Estimated H-index: 7
(UniTS: University of Trieste),
Sidita Dibra1
Estimated H-index: 1
(University of Tirana)
Purpose The purpose of this paper is to contribute to the literature on business model (BM) design by deepening the relationship between BM design themes and performance in a sample of firms based in a developing country. In particular, the authors deepen the relationship between business model novelty (BMN), business model efficiency (BME), the trade-off between novelty and efficiency – that the authors call BM ambidexterity – and performance. Design/methodology/approach Data are drawn from a s...
Published on Oct 1, 2017in Long Range Planning3.36
Tina Saebi7
Estimated H-index: 7
(NHH: Norwegian School of Economics),
Lasse B. Lien6
Estimated H-index: 6
(NHH: Norwegian School of Economics),
Nicolai J. Foss72
Estimated H-index: 72
(Bocconi University)
Business models change as managers not only innovate business models, but also engage in more mundane adaptation in response to external changes, such as changes in the level or composition of demand. However, little is known about what causes such business model adaptation. We employ threat-rigidity as well as prospect theory to examine business model adaptation in response to external threats and opportunities. Additionally, drawing on the behavioural theory of the firm, we argue that the past...
Published on Sep 1, 2017in R & D Management2.35
Isabelle Isabelle Reymen2
Estimated H-index: 2
(TU/e: Eindhoven University of Technology),
Jj Hans Berends2
Estimated H-index: 2
(VU: VU University Amsterdam)
+ 1 AuthorsRgl Rutger Stultiëns3
Estimated H-index: 3
This study investigates the decision-making logics used by new ventures to develop their business models. In particular, they focussed on the logics of effectuation and causation and how their dynamics shape the development of business models over time. They found that the effectual decision-making logic was used dominantly to generate a viable value proposition for a specific customer segment. Causal logic is then used dominantly to define the other business model components in relation to the ...
Published on Aug 1, 2017in Long Range Planning3.36
Nicolai J. Foss72
Estimated H-index: 72
(Bocconi University),
Tina Saebi7
Estimated H-index: 7
(NHH: Norwegian School of Economics)
Abstract While research on business models and business model innovation continue to exhibit growth, the field is still, even after more than two decades of research, characterized by a striking lack of cumulative theorizing and an opportunistic borrowing of more or less related ideas from neighbouring fields in the place of cumulative theory. We argue that the lack of cumulativeness stems from lack of construct clarity (i.e., BM and BMI are seldom defined with much precision) and lack of agreem...
Published on Jun 1, 2017in Journal of Finance6.20
Manuel Adelino9
Estimated H-index: 9
,
Song Ma4
Estimated H-index: 4
,
David T. Robinson23
Estimated H-index: 23
New firms are an important source of job creation, but the underlying economic mechanisms for why this is so are not well understood. Using an identification strategy that links shocks to local income to job creation in the nontradable sector, we ask whether job creation arises more through new firm creation or through the expansion of existing firms. We find that new firms account for the bulk of net employment creation in response to local investment opportunities. We also find significant gro...
Published on Jan 1, 2017in Journal of Management9.06
Nicolai J. Foss72
Estimated H-index: 72
(Bocconi University),
Tina Saebi7
Estimated H-index: 7
(NHH: Norwegian School of Economics)
Over the last 15 years, business model innovation (BMI) has gained an increasing amount of attention in management research and among practitioners. The emerging BMI literature addresses an important phenomenon but lacks theoretical underpinning, and empirical inquiry is not cumulative. Thus, a concerted research effort seems warranted. Accordingly, we take stock of the extant literature on BMI. We identify and analyze 150 peer-reviewed scholarly articles on BMI published between 2000 and 2015. ...
Published on Nov 1, 2016in Journal of Business Research4.03
Francesca Ricciardi8
Estimated H-index: 8
(University of Verona),
Alessandro Zardini6
Estimated H-index: 6
(University of Verona),
Cecilia Rossignoli7
Estimated H-index: 7
(University of Verona)
Firm performance in turbulent business environments strongly depends on the adaptive (re)generation of the firm's business model. However, studies on the enablers of business model innovation are sparse. This study leverages the literature on dynamic capabilities, on organizational ambidexterity/vacillation, and Lewis's view of organizational paradoxes to build an integrated model of organizational dynamism that includes seven dimensions: three pairs of paradoxical constructs (cooperation–compet...
Published on Sep 1, 2016in Information Systems Journal3.29
Johann Kranz10
Estimated H-index: 10
(GAU: University of Göttingen),
Andre Hanelt6
Estimated H-index: 6
(GAU: University of Göttingen),
Lutz M. Kolbe20
Estimated H-index: 20
(GAU: University of Göttingen)
The increasing popularity of Software as a Service has strongly affected the established business model of on-premise enterprise software. Software as a Service has distinctive characteristics of disruptive innovations that typically create several difficulties for incumbent firms, in particular with regard to adapting business models. To date, however, little empirical understanding exists regarding the dynamics of business model change - a topic of special importance to the highly dynamic soft...
Cited By1
Newest
Published on May 11, 2019in Sustainability2.59
Adopting the empowerment perspective of leadership, this study proposes and examines the mediating model that leader encouragement of creativity affects innovation speed through strengthening employees’ engagement in the creative process. Using a sample of 245 participants in China, the results from structural equation modeling (SEM) suggest that the impact of leader encouragement of creativity on innovation speed is significantly mediated by creative process engagement, and positively moderated...
View next paperTechnology innovation ambidexterity, business model ambidexterity, and firm performance in Chinese high-tech firms