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Entrepreneurial alertness and business model innovation: the role of entrepreneurial learning and risk perception

Author

Listed:
  • Wenhong Zhao

    (Xi’an Jiaotong University)

  • Te Yang

    (Xi’an Jiaotong University)

  • Karen D. Hughes

    (University of Alberta)

  • Yixin Li

    (Xi’an Jiaotong University)

Abstract

Although business model innovation has received increasing attention in recent years, there are gaps in existing literature concerning why innovation occurs. Drawing on the intentions model and knowledge-based view, this study explores the relationship between entrepreneurial alertness and business model innovation, proposing a moderated mediation framework to handle the questions of why some entrepreneurs achieve business model innovation successfully while others do not. Based on a dataset of 150 firms in northwest China, this study finds that (1) entrepreneurial alertness facilitates business model innovation; (2) explorative learning and exploitative learning mediate the relationship between entrepreneurial alertness and business model innovation; and (3) risk perception moderates the mediating effects of different types of learning and then affects the relationship between entrepreneurial alertness and business model innovation. Specifically, with the increase of risk perception, the mediating role through explorative learning is weakened, while the mediating effect through exploitative learning is enhanced.

Suggested Citation

  • Wenhong Zhao & Te Yang & Karen D. Hughes & Yixin Li, 2021. "Entrepreneurial alertness and business model innovation: the role of entrepreneurial learning and risk perception," International Entrepreneurship and Management Journal, Springer, vol. 17(2), pages 839-864, June.
    • Handle: RePEc:spr:intemj:v:17:y:2021:i:2:d:10.1007_s11365-020-00637-2
    DOI: 10.1007/s11365-020-00637-2
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    3. Héctor Montiel-Campos, 2023. "An overview of the empirical research on entrepreneurial alertness using a systematic literature review method," Journal of Entrepreneurship, Management and Innovation, Fundacja Upowszechniająca Wiedzę i Naukę "Cognitione", vol. 19(1), pages 141-173.
    4. Kaoxun Chi & Senqiang Wang & Mahmood Ahmad, 2023. "Entrepreneurs’ Cognitive Schemas and New Venture Business Model Innovativeness: The Mediating Effect of Environmental Scanning," Sustainability, MDPI, vol. 15(4), pages 1-23, February.
    5. Artamoshina, Polina & Shirokova, Galina & Osiyevskyy, Oleksiy & Bodolica, Virginia, 2023. "ADHD symptoms of CEOs and business model innovation in the SME context," Technovation, Elsevier, vol. 128(C).
    6. Vatankhah, Sanaz & Bamshad, Vahideh & Altinay, Levent & De Vita, Glauco, 2023. "Understanding business model development through the lens of complexity theory: Enablers and barriers," Journal of Business Research, Elsevier, vol. 155(PA).
    7. Araujo, Clécio Falcão & Karami, Masoud & Tang, Jintong & Roldan, Lucas Bonacina & dos Santos, Julia Aita, 2023. "Entrepreneurial alertness: A meta-analysis and empirical review," Journal of Business Venturing Insights, Elsevier, vol. 19(C).
    8. Yan Jingwen & Azmawani Abd Rahman & Tong Tong, 2022. "Research on the Impact of BMI on Enterprise Performance Based on the Antecedence of Risk Perception," Sustainability, MDPI, vol. 14(23), pages 1-22, November.
    9. Błażej Prusak & Sylwia Morawska & Michał Łukowski & Przemysław Banasik, 2022. "The impact of bankruptcy regimes on entrepreneurship and innovation. Is there any relationship?," International Entrepreneurship and Management Journal, Springer, vol. 18(1), pages 473-498, March.
    10. Zonglong Li & Wenyi Zhang & Yanhui Zhou & Derong Kang & Biao Feng & Qing Zeng & Lingling Xu & Minqiang Zhang, 2022. "College Students’ Entrepreneurial Intention and Alertness in the Context of the COVID-19 Pandemic," Sustainability, MDPI, vol. 14(13), pages 1-14, June.

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