Business model innovation and entrepreneurial orientation relationships in SMEs: Implications for international performance

Agnes Asemokha (), Jackson Musona (), Lasse Torkkeli () and Sami Saarenketo ()
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Agnes Asemokha: LUT University
Jackson Musona: LUT University
Lasse Torkkeli: LUT University
Sami Saarenketo: LUT University

Journal of International Entrepreneurship, 2019, vol. 17, issue 3, No 7, 425-453

Abstract: Abstract Academic research is increasingly emphasizing the critical role of business models (BMs) and business model innovation (BMI) in the international entrepreneurship (IE) domain, yet empirical studies on the topic are quite limited. This study demo0nstrates the role of BMI and entrepreneurial orientation (EO) in the internationalization of small-and medium-sized enterprises (SMEs). Specifically, we explored the mediating role of BMI in the relationship between EO and international performance among internationalizing SMEs. Drawing on a cross-industrial sample of 95 international Finnish SMEs, we empirically test the hypothesized relationships by developing a confirmatory factor analysis measurement model with subsequent application of ordinary least squares multiple regression. The results suggest that BMI positively and significantly mediates the relationship between EO and international performance. In addition, EO has a positive and significant effect on SMEs’ BMI. Thus, the findings of the study imply that both BMI and EO are important drivers of international performance for internationalizing SMEs. The study contributes to the IE literature by illustrating the dynamics of BMI and providing evidence of the linkages between strategic orientations and BMI in the international performance of SMEs.

Keywords: Business models; Business model innovation; International entrepreneurship; Entrepreneurial orientation; International performance; SMEs; Modelos de Negocio; Innovación de Modelos de Negocio; Emprendimiento Internacional; Orientación Emprendedora; Desempeño Internacional; PYMEs (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (22)

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DOI: 10.1007/s10843-019-00254-3

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