Business model innovation: The effects of exploratory orientation, opportunity recognition, and entrepreneurial bricolage in an emerging economy

Abstract

Business model innovation takes shape through a process of experimentation. This study holds that exploratory orientation is a key initiating factor of the experimentation process, and opportunity recognition and entrepreneurial bricolage both are actions constituting this process and thereby serve as conduits between exploratory orientation and business model innovation. Based on a survey data of Chinese firms, this study finds the positive relationship between exploratory orientation and business model innovation is mediated by opportunity recognition and entrepreneurial bricolage. The findings not only enrich the discipline's knowledge on the antecedents of business model innovation but also extend the implications of exploratory orientation, opportunity recognition, and entrepreneurial bricolage to business model innovation.

Opportunity recognition and SME performance: the mediating effect of business model innovation

“…Hence, opportunities are vital for the survival and success of SMEs in China, leading to a high demand for opportunity recognition and exploitation. Third, most extant studies on opportunity recognition and business model were conducted in developed economies, whereas China provides a unique and fascinating setting to examine the boundaries of existing claims and extend previous findings (Guo et al, 2015). Overall, these three reasons underlie the choice of China as an empirical setting for this study.…”

Planning to improvise? The role of reasoning in the strategy process: Evidence from Malaysia

“…We, therefore, join the call for Asian firms to encourage experimentation, allow risk-taking, and drive the use of new and disruptive approaches in the strategy process (e.g., Guo, Su, & Ahlstrom, 2016). More specifically, while firms from emerging economies favour high-tenure managers (Chi et al, 2009) and notwithstanding the non-significant results for the control variables (age, tenure, and experience), the additional ANOVA analysis lends weight to the contention that firms should actually favour younger, less tenured managers in order to fully exploit both planning and improvisation.…”

The early adulthood of the Asia Pacific Journal of Management: A literature review 2005–2014

“…Some key challenges remain (e.g., increasing the volume of conceptual and theory-building works and non-quantitative or case-based empirical articles) and new research foci are arising such as increasing demands for entrepreneurship and small business research (e.g., Guo, Su, & Ahlstrom, 2016), family business (Liu et al, 2017), emotion (Li, 2011;Peng, 2017), history and management (Ahlstrom, Lamond, & Ding, 2009), and work beyond East Asia (e.g., Bruton, Ahlstrom, & Si, 2015;Nair, Guldiken, Fainshmidt, & Pezeshkan, 2015). In doing so, APJM can continue to keep the journal's performance ratings up, while continuing to attract fine contributors (and reviewers), while positioning the journal among the best management journals contributing to the important research on emerging Asia.…”