Exploratory Orientation, Business Model Innovation and New Venture Growth

Hao Zhang, Xinbo Sun and Chan Lyu
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Hao Zhang: School of Business Administration, Northeastern University, Shenyang 110169, China
Xinbo Sun: School of Business Administration, Northeastern University, Shenyang 110169, China
Chan Lyu: School of Business, Macau University of Science and Technology, Taipa, Macau 999078, China

Sustainability, 2017, vol. 10, issue 1, 1-15

Abstract: Why are some start-ups more successful than other companies? In view of this question, this paper deconstructs the growth mechanism of the present new Chinese ventures from the perspective of Internet entrepreneurship and points out that exploratory orientation and business model innovation play an important role in the new ventures growth process. Based on this, through the investigation of 210 start-ups in China, the research found that: (1) exploratory orientation is in a positive relationship with the growth of new ventures; (2) business model innovation plays a mediated role between exploratory orientation and new business growth; (3) Internet embeddedness is found as a moderator in the relationship between exploratory orientation and the growth of new ventures. This finding will not only help further deepen the new research in the new venture growth process but also help to further expand exploratory orientation, business model innovation and the important role of the Internet embeddedness in the growth of new ventures.

Keywords: exploratory orientation; business model innovation; new venture growth; internet embeddedness (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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