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Drivers and Outcomes of Business Model Innovation—Micro, Small and Medium-Sized Enterprises Perspective

Andreja Pucihar (), Gregor Lenart (), Mirjana Kljajić Borštnar (), Doroteja Vidmar () and Marjeta Marolt ()
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Andreja Pucihar: Faculty of Organizational Sciences, University of Maribor, 4000 Kranj, Slovenia
Gregor Lenart: Faculty of Organizational Sciences, University of Maribor, 4000 Kranj, Slovenia
Mirjana Kljajić Borštnar: Faculty of Organizational Sciences, University of Maribor, 4000 Kranj, Slovenia
Doroteja Vidmar: Faculty of Organizational Sciences, University of Maribor, 4000 Kranj, Slovenia
Marjeta Marolt: Faculty of Organizational Sciences, University of Maribor, 4000 Kranj, Slovenia

Sustainability, 2019, vol. 11, issue 2, 1-17

Abstract: Business model innovation (BMI) is one of the key activities, which has to be continuously undertaken in every enterprise to sustain competitiveness in today’s digital economy. Although the interest in business models (BM) has risen significantly since the late 1990s, little is known about BMI practices in small- and medium-sized enterprises (SMEs), representing a majority of enterprises in the European market. Our study addresses this research gap and focuses on the investigation of drivers and outcomes of BMI in SMEs. A partial least squares path modeling (PLS-PM) method was used to empirically test the model using data collected in 2017 from 71 SMEs in Slovenia. Results have shown that the innovativeness of enterprises and their business environment has a positive impact on the level of BMI activities in the enterprises. However, this is not the case of fast developing and rapidly changing information technology. In addition, the results show that the level of BMI has a positive impact on BMI outcomes and further on overall business performance. The results contribute to the body of knowledge in the field of BMI activities in SMEs and offer useful insights to SMEs that intend to innovate their business model(s) and government to create a supportive environment.

Keywords: business model; business model innovation; drivers; innovation; business environment; information technology; outcomes; performance; SMEs (search for similar items in EconPapers)
JEL-codes: Q Q0 Q2 Q3 Q5 Q56 O13 (search for similar items in EconPapers)
Date: 2019
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