Business model innovation: a case study of venture capital in a depleted community

Johnstone, Harvey

doi:10.1080/13691066.2013.760767

Cited by 4 publications

(3 citation statements)

References 22 publications

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“…A further significant action by MacLeod, once again reflecting an innovative business model, was the creation of the BCA (Banking Community Assets) Group – a venture capital company – in 1989 (Johnstone, 2013). This was a response to the challenges that depleted communities have in attracting investment, notably limited and low-quality deal flow, a lack of wealthy sophisticated investors with a local investment focus and expertise to add value, and no exit opportunities.…”

Section: Introductionmentioning

confidence: 99%

“…However, it continued to make losses but eventually was turned around following the attraction of new management – a couple with deep experience of the hospitality industry and strong links to Cape Breton, and a change in the business model. Johnstone (2013) reports an independent economic assessment of BCA that identified positive economic impacts on jobs, GDP and household income. BCA continues to operate.…”

Section: Introductionmentioning

confidence: 99%

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The role of community entrepreneurs in depleted communities: A case study of Father Greg MacLeod’s ‘action research’ in Cape Breton

Mason

2022

Local Economy: The Journal of the Local Economy Policy Unit

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Community Business Entrepreneurs are significant actors in many depleted communities – towns, cities and regions which have lost much of their rationale as economic spaces as a result of disinvestment by capital, resulting in job losses, high unemployment and a declining population as younger people leave, but which retains high social attachment to place. This paper reviews two books about Father Greg MacLeod, a catholic priest, professor and prominent community business entrepreneur in Cape Breton, Nova Scotia, a region whose once thriving resource-based economy was devastated by the contraction and ultimate closure of its coal and steel industries in the final decades of the 20th century. Government initiatives to create replacement jobs were largely ineffective. MacLeod played a key role in establishing several community businesses, notably New Dawn and BCA Holdings, using what was at the time the innovative structure of the company limited by guarantee. The paper reviews his ‘entrepreneurial experiments’ – which he described as ‘action research’.

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Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

The role of community entrepreneurs in depleted communities: A case study of Father Greg MacLeod’s ‘action research’ in Cape Breton

Mason

2022

Local Economy: The Journal of the Local Economy Policy Unit

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“…However, the framework of research on BMI has not been well developed yet because it is difficult to quantify. The existing research makes a great contribution to qualitative analysis by theoretical constructions and case studies, including basic concepts and classifications of BMI in an early stage (Amit and Zott, 2012; Koen et al , 2011; Sorescu et al , 2011), potential impacts of processes and mechanisms on BMI from various perspectives (Dmitriev et al , 2014; Johnstone, 2013; Andries and Debackere, 2013) and identifications and descriptions of BMI regarded as outcomes (Holm et al , 2013; Richter, 2013). Compared to qualitative analysis, it is a challenge to quantify BMI.…”

Section: Introductionmentioning

confidence: 99%

Knowledge-driven business model innovation through the introduction of equity investment: evidence from China’s primary market

Zheng

Qiao

Zhu

et al. 2020

JKM

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Purpose This study aims to explore the role of equity investment in knowledge-driven business model innovation (BMI) in context of open modes according to the evidence from China’s primary market. Design/methodology/approach Based on the database of China’s private market and data set of news clouds, the statistic approach is applied to explore and explain whether equity investment promotes knowledge-driven BMI. Machine learning method is also used to prove and predict the performance of such open innovation. Findings The results of logistic regression show that explanatory variables are significant, providing evidence that knowledge management (KM) promotes BMI through equity investment. By further using back propagation neural network, the classification learning algorithm estimates the possibility of BMI, which can be regarded as a score to quantify the performance of knowledge-driven BMI Research limitations/implications The quality of secondhand big data is not very ideal, and future empirical studies should use first-hand survey data. Practical implications This study provides new insights into the link between KM and BMI by highlighting the important roles of external investments in open modes. Social implications From the perspective of investment, the findings of this study suggest the importance for stakeholders to share knowledge and strategies for entrepreneurs to manage innovation. Originality/value The concepts and indicators related to business models are difficult to quantify currently, while this study provides feasible and practical methods to estimate knowledge-driven BMI with secondhand data from the primary market. The mechanism of knowledge and innovation bridged by the experience from investors is introduced and analyzed.

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‘Adopting place’: how an entrepreneurial sense of belonging can help revitalise communities

Redhead

Bika

2022

Entrepreneurship & Regional Development

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Business model innovation: a case study of venture capital in a depleted community

Cited by 4 publications

References 22 publications

The role of community entrepreneurs in depleted communities: A case study of Father Greg MacLeod’s ‘action research’ in Cape Breton

The role of community entrepreneurs in depleted communities: A case study of Father Greg MacLeod’s ‘action research’ in Cape Breton

Knowledge-driven business model innovation through the introduction of equity investment: evidence from China’s primary market

‘Adopting place’: how an entrepreneurial sense of belonging can help revitalise communities

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