A New Proposition of Business Model Innovation: Anteceding Managerial Competencies
DOI:
https://doi.org/10.54820/CLDP2350Klíčová slova:
managerial competencies, business model innovation, the new propositionAbstrakt
Knowledge, competencies, and human capital are the cornerstones of business innovation. Generating innovation alone is not a guarantee of success in the market, but it is necessary to successfully manage innovation, which requires managers' expertise and specific competencies. The paper focused on analyzing the impact of several managerial competencies on improving the new proposition dimensions of the business model innovation. The business model innovation consists of new creation innovation, new proposition innovation, and value capture innovation. This paper analyses the new proposition innovation segment that relates to solutions for customers and how they are offered; it consists of the dimensions of new offerings, new customers and markets, new channels, and new customer relationships. The research was conducted among managers of companies from several industries, who evaluated their competencies, namely analytical and innovative, their ability to recognize opportunities, their tenacity, and passion for work, as well as new proposition innovation of business model innovation. The findings suggest that each of the managerial competencies is influential in some way but that they do not all affect each dimension of a new proposition of business model innovation.
Reference
Anwar, M., Shah, S. Z. A., Khan, S. Z., Khattak, M. S. (2019), “Manager’s personality and business model innovation”, International Journal of Innovation Management, Vol. 23 No. 7, pp. 1-27.
Baum, J. R., Locke, E. A. (2004), “The relationship of entrepreneurial traits, skill, and motivation to subsequent venture growth”, Journal of Applied Psychology, Vol. 89 No. 4, pp. 587-598.
Bocken, N. M. P., Geradts, T. H. J. (2020), “Barriers and drivers to sustainable business model innovation: Organization design and dynamic capabilities”, Long Range Planning, Vol. 53 No. 4, pp. 1-23.
Bouncken, R. B., Fredrich, V. (2016), “Business model innovation in alliances: Successful configurations”, Journal of Business Research, Vol. 69 No. 9, pp. 3584-3590.
Chinwendu, J., Eze, A. N. (2021), “Managerial Competencies Required of Business Education Graduates for Handling Entrepreneurship Challenges in Anambra State, Nigeria”, European Journal of Education Studies, Vol. 8 No. 5, pp. 180-196.
Clauss, T. (2017), “Measuring business model innovation: conceptualization, scale development, and proof of performance”, R and D Management, Vol. 47 No. 3, pp. 385-403.
Dewald, J., Bowen, F. (2010), “Storm clouds and silver linings: Responding to disruptive innovations through cognitive resilience”, Entrepreneurship: Theory and Practice, Vol. 34 No. 1, pp. 197-218.
Fornell, C., Larcker, D. F. (1981), “Evaluating Structural Equation Models with Unobservable Variables and Measurement Error”, Journal of Marketing Research, Vol. 18, pp. 39-50.
Futterer, F., Schmidt, J., Heidenreich, S. (2018), “Effectuation or causation as the key to corporate venture success? Investigating effects of entrepreneurial behaviors on business model innovation and venture performance”, Long Range Planning, Vol. 51 No. 1, pp. 64-81.
George, G., Bock, A. J. (2011), “The Business Model in Practice and its Implications for Entrepreneurship Research”, Entrepreneurship: Theory and Practice, Vol. 35 No. 1, pp. 83-111.
Guo, H., Zhao, J., Tang, J. (2013), “The role of top managers’ human and social capital in business model innovation”, Chinese Management Studies, Vol. 7 No. 3, pp. 447-469.
Hair, J. F. J., Black, W. C., Babin, B. J., Anderson, R. E. (2018), “Multivariate Data Analysis”, available at: https://doi.org/10.1002/9781119409137.ch4 (1 October 2021)
Limaj, E., Bernroider, E. W. N. (2019), “The roles of absorptive capacity and cultural balance for exploratory and exploitative innovation in SMEs”, Journal of Business Research, Vol. 94 No. October, pp. 137-153.
Lumpkin, G. T., Steier, L., Wright, M. (2011), “In Family Business Business and Strategic”, Strategic Entrepreneurship Journal, Vol. 306, pp. 285-306.
Man, T. (2002), “The competitiveness of small and medium enterprises: A conceptualization with focus on entrepreneurial competencies”, Journal of Business Venturing, Vol. 17 No. 2, pp. 123-142.
Man, T. W. Y., Lau, T., Snape, E. (2008), “Entrepreneurial Competencies and the Performance of Small and Medium Enterprises: An Investigation through a Framework of Competitiveness”, Journal of Small Business and Entrepreneurship, Vol. 21 No. 3, pp. 257-276.
Mitchelmore, S., Rowley, J. (2010), “Entrepreneurial competencies: A literature review and development agenda”, International Journal of Entrepreneurial Behaviour & Research, Vol. 16 No. 2, pp. 92-111.
Smith, W. K., Binns, A., Tushman, M. L. (2010), “Complex business models: Managing strategic paradoxes simultaneously”, Long Range Planning, Vol. 43 No. 2-3, pp. 448-461.
Spieth, P., Schneider, S. (2016), “Business model innovativeness: designing a formative measure for business model innovation”, Journal of Business Economics, Vol. 86 No. 6, pp. 671-696.
Zott, C., Amit, R. (2010), “Business model design: An activity system perspective”, Long Range Planning, Vol. 43 No. 2-3, pp. 216-226.
Zott, C., Amit, R., Massa, L. (2011), “The business model: Recent developments and future research”, Journal of Management, Vol. 37 No. 4, pp. 1019-1042.
Stahování
Publikováno
Jak citovat
Číslo
Sekce
Licence
Copyright (c) 2021 ENTRENOVA - ENTerprise REsearch InNOVAtion
Tato práce je licencována pod Mezinárodní licencí Creative Commons Attribution-NonCommercial 4.0.
