Do All Roads Lead to Rome? The Effect of the Decision-Making Logic on Business Model Change

Journal of Entrepreneurship, Management and Innovation

Hanna Salojärvi¹  Lasse Torkkeli¹  Sami Saarenketo¹  Liisa-Maija Sainio¹ 

[1] Lappeenranta University of Technology, School of Business and Management;

关键词: business model;    decision-making;    effectuation;    causation;    small and medium enterprises;   

DOI  :  10.7341/20151131

来源: DOAJ

【 摘 要 】

Business models and business model change have drawn increasing attention from both researchers and practitioners across various disciplines, including the domain of entrepreneurship. However, even though the importance of business model innovation as a driver of firm performance has been widely acknowledged, empirical studies explaining the business model change remain limited. This study contributes to prior research by examining the effects of effectual and causation-based decision-making logics on the degree of business model change in the context of small and medium-sized enterprises in Finland. The findings of hierarchical regression analysis show that both causation and effectuation-based logics have positive effects on business model change, thereby highlighting the need for both strategizing and seizing of opportunities in business model development.

【 授权许可】

Unknown