The Effect of Learning Orientation and Business Model Innovation on Entrepreneurial Performance: Focused on South Korean Start-Up Companies

Abstract

The purpose of this study is to empirically confirm the importance of learning orientation in the operation of start-up companies. In the literature, it is well known that this learning orientation plays a big role in improving the performance of start-ups by cultivating organizational members’ capabilities in detail, encouraging active learning, and creating new knowledge. To this end, a business model innovation framework for start-ups was established by empirically validating the theoretical research model. For the analysis, 139 questionnaires from start-ups with less than 7 years of business history in the incubation center were used. For the novelty of this work, it investigates the causal relationship between the learning orientation of start-ups, business model innovation, and start-up performance (technology acquisition and market expansion). Our research has contributed to the literature on entrepreneurship, innovation and strategy as follows. First, it contributed to the literature on entrepreneurship by redefining the performance of start-up companies as technology acquisition and market expansion through a review of previous studies and providing insight into the importance of learning orientation for start-ups through empirical studies. Second, it contributed to the innovation literature by confirming the importance of business model innovation for start-ups to achieve start-up performance through empirical research. Third, it contributed to the strategic literature by presenting and empirically confirming business model innovation through learning-orientation improvement as a way to achieve the performance of start-up companies.

Innovation hub a venture for students’ entrepreneurial talents: a case of college of business education

“…Overall, the discussions highlighted the significance of mindset change programs, regular trainings, internship programs, effective incubation practices, and strong mentorship and coaching programs for the creation and development of an incubation and innovation prototype. The findings are supported by previous studies such as (Bae & Choi, 2021;Li, Ahmed, Qalati, Khan, & Naz, 2020;Lyken-Segosebe, Montshiwa, Kenewang, & Mogotsi, 2020). In respect to the abovementioned discussions, some of the respondents were quoted as follows;…”

Impact of Entrepreneurial Orientation and Technology Acquisition on Technology Startups

“…The sub-factors of entrepreneurial orientation are innovativeness, risk-taking and proactiveness, and although they exist independently, they are linked to each other and affect each other, and one dimension alone is insufficient to explain the concept of corporate orientation (Miller, 1983; Wiklund & Shepherd, 2005). Since several dimensions interact to determine the level of entrepreneurial orientation, many studies have identified entrepreneurial orientation as a single concept composed of innovativeness, risk-taking and proactiveness (Bae & Choi, 2021; Cowden & Tang, 2022; Riviezzo et al, 2019; Song et al, 2017).…”

Pengaruh Orientasi Belajar, Gaya Kepemimpinan Wirausaha dan Efektifitas Promosi Terhadap Kinerja Usaha UMKM

“…Perusahaan harus memperkuat orientasi pembelajaran yang penting bagi entitas untuk menciptakan dan mencapai kinerja yang unggul (Zayed & Alawad, 2017). Orientasi pembelajaran mempengaruhi kinerja bisnis, hal ini menunjukkan bahwa kita perlu memupuk kemampuan anggota organisasi, secara aktif mendorong pembelajaran, dan berusaha menciptakan pengetahuan baru (Bae & Choi, 2021).…”