Business model innovation of International New Ventures: An empirical study in a Swedish context
(English)Manuscript (preprint) (Other academic)
Business model innovation (BMI) is getting increased academic attention as a tool for gaining new or retaining existing firms’ competitive advantages. This paper investigates value delivery and value capture dimensions of BMI utilized by international new ventures (INVs) and shows how this category of firms differs from other internationalized firms in Sweden. Our findings indicate that INVs tend to innovate value delivery and value capture dimensions in the form of sales channels and logistical methods more frequently than other internationalized firms and re-configure their external relationships more intensively as well. By utilizing longitudinal data, we show that these aspects continue to differentiate INVs and constitute a unique characteristic of INVs over time. Hence, this study enhances the academic debate on business models of INVs as well as on their long-term development past early internationalization efforts. From a managerial perspective, the study highlights where to focus BMI initiatives for sustained international presence and growth.
international new ventures, business model innovation, Sweden community innovation survey
IdentifiersURN: urn:nbn:se:umu:diva-125468OAI: oai:DiVA.org:umu-125468DiVA: diva2:968738