Do All Roads Lead to Rome? The Effect of the Decision-Making Logic on Business Model Change

• Authors: Torkkeli Lasse , Salojärvi Hanna , Sainio Liisa-Maija , Saarenketo Sami
• Languages of publication: EN

Abstracts

EN

Business models and business model change have drawn increasing attention from both researchers and practitioners across various disciplines, including the domain of entrepreneurship. However, even though the importance of business model innovation as a driver of firm performance has been widely acknowledged, empirical studies explaining the business model change remain limited. This study contributes to prior research by examining the effects of effectual and causation-based decisionmaking logics on the degree of business model change in the context of small and medium-sized enterprises in Finland. The findings of hierarchical regression analysis show that both causation and effectuation-based logics have positive effects on business model change, thereby highlighting the need for both strategizing and seizing of opportunities in business model development.

Keywords

EN

business model; decision-making; effectuation; causation; small and medium enterprises

• Publisher: Fundacja Upowszechniająca Wiedze i Naukę "Cognitione" / Wyższa Szkoła Biznesu – National-Louis University
• Journal: Journal of Entrepreneurship, Management and Innovation
• Year: 2015
• Volume: 11
• Issue: 3
• Pages: 5-24

Contributors

author

Torkkeli Lasse

author

Salojärvi Hanna

author

Sainio Liisa-Maija

author

Saarenketo Sami

Identifiers

DOI

10.7341/20151131