SME Business Models and Competence Changes

Hannele Lampela, Kyllikki Taipale-Erävala and Pia Heilmann
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Hannele Lampela: Oulu University, Finland
Kyllikki Taipale-Erävala: Oulu University, Finland
Pia Heilmann: Lappeenranta University of Technology, Finland

International Journal of Management, Knowledge and Learning, 2017, vol. 6, issue 2, 175-192

Abstract: As a result of changes in the local or regional business environment, small and medium-sized enterprises (SMEs) in many industries are facing the need to change their business models radically and seize new business opportunities or fall out of business. Although the important impact of SMEs in economic growth and job creation is well known, current knowledge is rather limited on the effects of competences for changing the business models in SMEs. This paper focuses on the links between SME competence changes and business model innovations in industrial structural changes in the external environment. The findings of a comparative case study of Russian and Finnish SMEs identified the positive attitude to change and activeness in external networking and in seeking new opportunities as enabling competences for business model innovation. The practical implications highlight the competence transformation strategies enabling business model innovation and the effects of different institutional environments.

Keywords: business model; competence; SME; Finland; Russia (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (1)

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