Business Model Adaptation and the Success of New Ventures

Bernardo Balboni () and Guido Bortoluzzi ()
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Bernardo Balboni: University of Trieste
Guido Bortoluzzi: University of Trieste

Journal of Entrepreneurship, Management and Innovation, 2015, vol. 11, issue 1, 119-140

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.

Keywords: business model adaptation; business model; new ventures; survival; growth (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:aae:journl:v:11:y:2015:i:1:p:119-140

DOI: 10.7341/20151117

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