Leveraging resources to achieve high competitive advantage for digital new ventures: an empirical study in China

Innovating to survive in competitive markets: business model innovation of Chinese digital businesses

“…Whilst BMI has been argued to be a predictor of firm performance (Karimi andWalter, 2016, Visnjic et al, 2016), a systematic understanding of how it contributes to firm success is still lacking (Foss and Saebi, 2017). In addition, Zhu et al, (2022) As globalisation increases interconnectivity, it is no surprise that embracing innovation has played a key role in the success of the cases examined.…”

“…The digital new venture can be considered in terms of digital technology combined with entrepreneurship (Nambisan, 2017), applied to new business opportunities using digital technology to create digital value (Zhu et al, 2022). Digital new ventures can be considered as transformative (Li et al, 2018) and disruptive (Bullini Orlandi et al, 2021) and generally, have a greater emphasis on the orchestration of resources over resource possession, and value creation over value capture, when compared to traditional business ventures (Amit and Han, 2017).…”

“…Successful digital start-ups have been an important and central force driving the development of the Chinese economy and technological development (Zhu et al, 2022). Supported through the development of technology and innovation (Raman et al, 2022), China has sought to support the development and convergence of tele-communication, television, and internet networks since 2009 (Guo and Liu, 2021), and the population of internet users in China is the largest in the world and great strides are being made in the roll out of next generation of mobile networks (Ofek et al, 2020).…”

“…Whilst business model innovation (BMI) has often been considered a predictor of the success of a business (Karimi and Walter, 2016), it has been highlighted by Foss and Saebi (2017) that it is still not clear whether BMI is beneficial to businesses and an understanding of how it contributes to business success is lacking. There is also a lacuna of understanding as to how new digital ventures develop competitive advantage (Zhu et al, 2022). This paper addresses this gap by exploring how Chinese start-up digital businesses develop and innovate their business models to survive in dynamic and competitive markets.…”

Constructing Technology Commercialization Capability

“…Environmental uncertainty refers to the degree of rapid change and unpredictability of the external environment (Duncan, 1972), which mainly includes technical uncertainty and market uncertainty (Bstieler & Gross, 2003). The level of uncertainty is being further amplified by the digital economy (Soluk et al, 2021;Zhao & Zhou, 2022;Zhu et al, 2022). With the rapid development of digital technologies, many breakthrough and disruptive technologies emerge one after another.…”