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PARADIGM SHIFT FROM “BUSINESS MODEL” TO “ENTREPRENEURIAL MODEL”

Roxana Clodnitchi

Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, 2017, vol. 11, issue 1, 778-793

Abstract: Academic and non-academic literature, after exploiting the term “business model”, increasingly make referral to “entrepreneurial models” or “entrepreneurial business models”. Besides frequent confusion and alternation of terms, there are several papers stressing “entrepreneurial models” as distinctive concepts from “business models”. The phrase “entrepreneurial model” nevertheless still lacks a formal definition. This paper presents a synthesis of the recent literature available in journals indexed in international databases of mainstream publications about business models and entrepreneurial models. After critically analysing common and divergent features of business models and entrepreneurial models, the study identifies and presents the key elements defining entrepreneurial models: innovation and technology, financing solutions, qualitative human resources, strategic partnerships and a social mission, interconnected through the governance structure implemented. By analysing these elements as well as the interaction between them, it attempts to generate a comprehensive definition of the concept.

Keywords: Business Model; Entrepreneurial Business Model; Entrepreneurial Model. (search for similar items in EconPapers)
Date: 2017
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