Business Models, Imitations and the Performance of Entrepreneurial Firms

Zhao, Y., Buck, T. and Morgan-Thomas, A. (2015) Business Models, Imitations and the Performance of Entrepreneurial Firms. In: Strategic Management Society 35th Annual International Conference, Denver, CO, USA, 3-6 Oct 2015,

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In this study, we unpack the radical, incremental innovations, and imitations in business models (BMs) of entrepreneurial firms, addressing the question of how each of these activities affects firm performance at a micro-level. Through a multi-case study of BM innovations/imitations in two entrepreneurial firms representing the emerging phenomenon of business model innovation, we find that, defended through continuous incremental innovations, a successful radical innovation may contribute to establishing a long-term competitive position. On the other hand, rapid imitation ensures a quick reaction to competitors, which may positively affect firm performance in the short-term. An exploratory theoretical model, based on innovation and entrepreneurship theory, is proposed to map out the impact of BM innovations/imitations, as well as the moderators that determine their success or failure.

Item Type:Conference Proceedings
Glasgow Author(s) Enlighten ID:Morgan-Thomas, Professor Anna and Zhao, Dr Yang and Buck, Professor Trevor
Authors: Zhao, Y., Buck, T., and Morgan-Thomas, A.
College/School:College of Social Sciences > Adam Smith Business School > Management
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