Business model novelty and small firm innovativeness: the relationship with need for closure and creative self-efficacy

Mark T. Schenkel (), William C. McDowell () and Deborah V. Brazeal ()
Additional contact information
Mark T. Schenkel: Belmont University
William C. McDowell: Texas State University
Deborah V. Brazeal: California State Polytechnic University

International Entrepreneurship and Management Journal, 2024, vol. 20, issue 1, No 6, 162 pages

Abstract: Abstract The purpose of this paper is to examine the relationship between the need for closure and creative self-efficacy, two dynamic cognitive mechanisms, in conjunction with the impact of business model novelty on the ability of small firms to innovate. The driving premise is that both need for closure and creative self-efficacy enable entrepreneurs to effectively operate in the myriad complex opportunities and challenges that are encountered through the development of novel business models that may enhance firm innovativeness. Utilizing hierarchical regression on a sample of 212 respondents, we find that the adoption of a novelty-centered business model, creative self-efficacy, and a need for cognitive closure are all associated with firm innovativeness. The results further show that a novelty-centered business model fully mediates the relationship between need for closure and small firm innovativeness and partially the relationship between creative self-efficacy and small firm innovativeness. Implications and future research directions are also discussed.

Keywords: Business model novelty; Need for closure; Creative self-efficacy; Small firm innovativeness (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://link.springer.com/10.1007/s11365-023-00943-5 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:intemj:v:20:y:2024:i:1:d:10.1007_s11365-023-00943-5

Ordering information: This journal article can be ordered from
http://www.springer. ... urship/journal/11365

DOI: 10.1007/s11365-023-00943-5

Access Statistics for this article

International Entrepreneurship and Management Journal is currently edited by Salvador Roig

More articles in International Entrepreneurship and Management Journal from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().