Business model innovation and firm performance: Evidence from manufacturing SMEs

ABSTRACT: In the current volatile business environment, companies are obliged to search for new ways of doing business to remain competitive. Accordingly, firms innovate their business model as it became a promising strategy to achieve sustainable outcomes. However, there is still a need for empirical studies that examine the relationship between business model innovation (BMI) and the performance of small and medium-sized enterprises (SMEs). In this study, we aimed to investigate this relationship by collecting data from 264 manufacturing SMEs through structured questionnaires. We employed partial least square structural equation modeling (PLS-SEM) to analyze the collected data and test the hypotheses. The results indicated that changes in any component of the business model, namely value creation,

SUBMITTER: Salfore N 

PROVIDER: S-EPMC10220359 | biostudies-literature | 2023 May

REPOSITORIES: biostudies-literature