Business Model Adaptation and the Success of New Ventures
Journal Title: Journal of Entrepreneurship, Management and Innovation - Year 2015, Vol 11, Issue 1
Abstract
In this study, we explore the connections between business model adaptation and the success of new ventures. We do so by analysing in depth the business model evolution of three new Italian ventures throughout their first years of life. We try to understand if and how the evolution of these firms’ business models is connected to their success. Our analysis reveals that adapting their business models was crucial to enabling these firms to survive in extremely dynamic environments. However, it did not fully act as a catalyst for their processes of growth and did not increase their profitability.
Authors and Affiliations
Bernardo Balboni, Guido Bortoluzzi
Keywords
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- EP ID EP237607
- DOI 10.7341/20151117
- Views 122
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