Please use this identifier to cite or link to this item: doi:10.22028/D291-35772
Title: Business Model Innovation Through the Lens of Time: An Empirical Study of Performance Implications Across Venture Life Cycles
Author(s): Freisinger, Elena
Heidenreich, Sven
Landau, Christian
Spieth, Patrick
Language: English
Title: Schmalenbach Journal of Business Research
Volume: 73
Issue: 3-4
Pages: 339–380
Publisher/Platform: Springer Nature
Year of Publication: 2021
Free key words: Life cycle stages
Business model
Business model innovation
Firm performance
DDC notations: 330 Economics
Publikation type: Journal Article
Abstract: Current literature suggests that the innovation of a business model is among the most important success factors for organizations and has a positive influence on their performance. What is not yet clear, however, is how this relationship unfolds during an organization’s life cycle. We posit that business model innovation strongly contributes to firm performance in earlier phases, but ultimately gets less important. We therefore collected data on 250 organizations in Germany and used structural equation modeling for analytical purposes. We make the following two main contributions to the literature: (1) We confirm recent findings about the positive impact of business model innovation on performance; (2) we provide first empirical evidence for the important role of life cycle stages as moderator with regard to this relationship. With respect to the latter, our findings show that business model innovation is an important pathway of organizations, especially in their early years of existence, yet somewhat diminishing over time. In conclusion, this study opens new research avenues by extending and incorporating explanations for the life cycle theory and business model innovation.
DOI of the first publication: 10.1007/s41471-021-00116-6
Link to this record: urn:nbn:de:bsz:291--ds-357729
ISSN: 2366-6153
Date of registration: 17-Mar-2022
Faculty: HW - Fakultät für Empirische Humanwissenschaften und Wirtschaftswissenschaft
Department: HW - Wirtschaftswissenschaft
Professorship: HW - Prof. Dr. Sven Heidenreich
Collections:SciDok - Der Wissenschaftsserver der Universität des Saarlandes

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