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Business model innovation of International New Ventures: An empirical study in a Swedish context
Umeå University, Faculty of Social Sciences, Umeå School of Business and Economics (USBE), Business Administration. (CiiR)
Umeå University, Faculty of Social Sciences, Umeå School of Business and Economics (USBE), Business Administration. (CiiR)
Umeå University, Faculty of Social Sciences, Umeå School of Business and Economics (USBE), Business Administration. (CiiR)
(English)Manuscript (preprint) (Other academic)
Abstract [en]

 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. 

Keyword [en]
international new ventures, business model innovation, Sweden community innovation survey
National Category
Business Administration
Identifiers
URN: urn:nbn:se:umu:diva-125468OAI: oai:DiVA.org:umu-125468DiVA: diva2:968738
Available from: 2016-09-12 Created: 2016-09-12 Last updated: 2016-09-12
In thesis
1. Beyond Going Global: Essays on business development of International New Ventures past early internationalization
Open this publication in new window or tab >>Beyond Going Global: Essays on business development of International New Ventures past early internationalization
2016 (English)Doctoral thesis, comprehensive summary (Other academic)
Abstract [en]

The notion of International New Ventures, or INVs, emerged in academia in the early-to-mid 1990s and generally refers to entrepreneurial firms that tend to internationalize very early in their life-cycle, and whose expansion into foreign markets occurs much more quickly than predicted by earlier theories of the incremental internationalization process. Previous literature proposes effective networking with market partners and, more recently, internationally viable business model among key distinguishing features of INVs that allow for such early and rapid entry into international markets. Nevertheless, little is yet known regarding how these younger firms develop over time and how they could sustain international growth. With the purpose of filling this gap, this doctoral dissertation scrutinizes business models and business model innovation of INVs beyond their early internationalization, with a particular emphasis on INVs’ external relationships configurations.

 

The dissertation consists of four self-contained essays that represent a methodological mixture of qualitative and quantitative approaches and incorporate longitudinal case studies, surveys and register-based data encompassing nine years of Swedish INVs’ development. The findings highlight the importance of the business model as an initial market entry tool, and of business model innovation as a potential growth vehicle over time. Findings also display that INVs work with a broader range of external partners compared to other firms for innovative purposes, and that INVs have different business model innovation patterns compared to other types of internationalized firms. Moreover, INVs focus more heavily on value capture innovations in their business models as they mature and seek to obtain a more centralized position in their industry ecosystem by re-configuring the parameters of existing external relationships or developing new ones.

 

Overall, this dissertation contributes to the international entrepreneurship and business model literature by explicating how maturing INVs need to operate under different business model configurations as compared to emerging INVs, as the original business model might lack scalability after a certain point in time. Furthermore, the dissertation suggests how INVs can pursue a dynamic business model approach and utilize dynamic capabilities to design business models that put the focal firm more in control of the surrounding ecosystem, and reduce constraints that can limit the value capturing potential and thus the growth and development of INVs.

Place, publisher, year, edition, pages
Umeå: Umeå universitet, 2016. 78 p.
Series
Studier i företagsekonomi. Serie B, ISSN 0346-8291 ; 92
Keyword
International New Ventures, business models, business model innovation, Sweden, business development, international entrepreneurship, internationalization, dynamic capabilities
National Category
Business Administration
Identifiers
urn:nbn:se:umu:diva-125469 (URN)978-91-7601-546-9 (ISBN)
External cooperation:
Public defence
2016-10-07, s205, Samhällsvetarhuset, Umeå, 13:00 (English)
Opponent
Supervisors
Available from: 2016-09-16 Created: 2016-09-12 Last updated: 2016-09-15Bibliographically approved

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