Business model renewal and environment changes: Insights of Chinese textile industry

Miaomiao Chen, Shubho Chakraborty, Jie Xiong, Laurent Scaringella and Irena Descubes
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Miaomiao Chen: SE - Schneider Electric
Shubho Chakraborty: ESC [Rennes] - ESC Rennes School of Business
Jie Xiong: ESSCA - ESSCA – École supérieure des sciences commerciales d'Angers = ESSCA Business School
Laurent Scaringella: ESC [Rennes] - ESC Rennes School of Business
Irena Descubes: ESC [Rennes] - ESC Rennes School of Business

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Abstract: Chinese small and medium-size enterprises (SMEs) in the textile industry adapt and reshape their business models to cope with the environmental changes resulting from increasing labor costs and decreases in profits. Comparing with big firms, SMEs face more challenges when renewing their business operations. Reactions of SMEs are influenced by the extent of changes in the business model renewal process. The renewal of the business model includes resource configuration, updating purchasing and distribution channels, refining market segments, and rebuilding brands.

Keywords: business model development; China; environmental changes; labor costs; SMEs; textile industry (search for similar items in EconPapers)
Date: 2021-11
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Published in Strategic Change, 2021, 30 (6), pp.573-580. ⟨10.1002/jsc.2471⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-03603073

DOI: 10.1002/jsc.2471

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