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Business Model Adaptation and the Success of New Ventures

Author

Listed:
  • Bernardo Balboni

    (University of Trieste)

  • Guido Bortoluzzi

    (University of Trieste)

Abstract

In this study, we explore the connections between business model adaptation and the success of new ventures. We do so by analysing in depth the business model evolution of three new Italian ventures throughout their first years of life. We try to understand if and how the evolution of these firms’ business models is connected to their success. Our analysis reveals that adapting their business models was crucial to enabling these firms to survive in extremely dynamic environments. However, it did not fully act as a catalyst for their processes of growth and did not increase their profitability.

Suggested Citation

  • Bernardo Balboni & Guido Bortoluzzi, 2015. "Business Model Adaptation and the Success of New Ventures," Journal of Entrepreneurship, Management and Innovation, Fundacja Upowszechniająca Wiedzę i Naukę "Cognitione", vol. 11(1), pages 119-140.
    • Handle: RePEc:aae:journl:v:11:y:2015:i:1:p:119-140
    DOI: 10.7341/20151117
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    Cited by:

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    3. Jörg Freiling, 2015. "Business Model Innovation – A Concept Between Organizational Renewal and Industry Transformation," Journal of Entrepreneurship, Management and Innovation, Fundacja Upowszechniająca Wiedzę i Naukę "Cognitione", vol. 11(1), pages 3-10.

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