Business model adaptation and the success of new ventures
Business model adaptation and the success of new ventures
Author(s): Bernardo Balboni, Guido BortoluzziSubject(s): Social Sciences, Economy, Business Economy / Management
Published by: Fundacja Upowszechniająca Wiedzę i Naukę "Cognitione"
Keywords: business model adaptation; business model; new ventures; survival; growth
Summary/Abstract: In this study, we explore the connections between business model adaptation and the success of new ventures. We do so by analysing in depth the business model evolution of three new Italian ventures throughout their first years of life. We try to understand if and how the evolution of these firms’ business models is connected to their success. Our analysis reveals that adapting their business models was crucial to enabling these firms to survive in extremely dynamic environments. However, it did not fully act as a catalyst for their processes of growth and did not increase their profitability.
Journal: Journal of Entrepreneurship, Management and Innovation
- Issue Year: 11/2015
- Issue No: 1
- Page Range: 119-140
- Page Count: 21
- Language: English