Entrepreneurial alertness and business model innovation: the role of entrepreneurial learning and risk perception

Wenhong Zhao (), Te Yang (), Karen D. Hughes () and Yixin Li ()
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Wenhong Zhao: Xi’an Jiaotong University
Te Yang: Xi’an Jiaotong University
Karen D. Hughes: University of Alberta
Yixin Li: Xi’an Jiaotong University

International Entrepreneurship and Management Journal, 2021, vol. 17, issue 2, No 15, 839-864

Abstract: Abstract Although business model innovation has received increasing attention in recent years, there are gaps in existing literature concerning why innovation occurs. Drawing on the intentions model and knowledge-based view, this study explores the relationship between entrepreneurial alertness and business model innovation, proposing a moderated mediation framework to handle the questions of why some entrepreneurs achieve business model innovation successfully while others do not. Based on a dataset of 150 firms in northwest China, this study finds that (1) entrepreneurial alertness facilitates business model innovation; (2) explorative learning and exploitative learning mediate the relationship between entrepreneurial alertness and business model innovation; and (3) risk perception moderates the mediating effects of different types of learning and then affects the relationship between entrepreneurial alertness and business model innovation. Specifically, with the increase of risk perception, the mediating role through explorative learning is weakened, while the mediating effect through exploitative learning is enhanced.

Keywords: Entrepreneurial alertness; Business model innovation; Exploitative learning; Explorative learning; Risk perception (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (13)

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DOI: 10.1007/s11365-020-00637-2

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