IDEAS home Printed from https://ideas.repec.org/a/eee/tefoso/v170y2021ics0040162521003097.html
   My bibliography  Save this article

Consequences of technology and social innovation on traditional business model

Author

Listed:
  • Vrontis, Demetris
  • Morea, Donato
  • Basile, Gianpaolo
  • Bonacci, Isabella
  • Mazzitelli, Andrea

Abstract

The growing presence of new players – beside those belonging to the institutional and third sectors – committed to supporting social and environmental causes through innovative approaches and tools leads to the profile of a for-profit enterprise increasingly committed to the pursuit of social goals. In the paper, the authors focus their attention on the existence of relationships between innovation and a company's social role in order to assess how innovation affects the social conduct of profit-making enterprises and to determine the birth of a new “hybrid” business model. In order to achieve this goal, research was carried out on a sample of 4,000 Italian Small and Medium-sized Enterprises that claim to operate according to a corporate social commitment, in order to investigate the existence of a relationship between innovative behavior and social and business purposes of companies having different Corporate Social Innovation policies. The data were analyzed using the conditional inference tree, a non-parametric class of tree regression model, which overcomes different regression problems involving ordinal and nominal variables. The results achieved make it possible to fill some gaps in the existing literature, to detect a relationship between technological and social commitment in a company and to open a debate on future research developments.

Suggested Citation

  • Vrontis, Demetris & Morea, Donato & Basile, Gianpaolo & Bonacci, Isabella & Mazzitelli, Andrea, 2021. "Consequences of technology and social innovation on traditional business model," Technological Forecasting and Social Change, Elsevier, vol. 170(C).
  • Handle: RePEc:eee:tefoso:v:170:y:2021:i:c:s0040162521003097
    DOI: 10.1016/j.techfore.2021.120877
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0040162521003097
    Download Restriction: Full text for ScienceDirect subscribers only

    File URL: https://libkey.io/10.1016/j.techfore.2021.120877?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Williamson, Oliver E, 1979. "Transaction-Cost Economics: The Governance of Contractural Relations," Journal of Law and Economics, University of Chicago Press, vol. 22(2), pages 233-261, October.
    2. Patricia Doyle Corner & Marcus Ho, 2010. "How Opportunities Develop in Social Entrepreneurship," Entrepreneurship Theory and Practice, , vol. 34(4), pages 635-659, July.
    3. Herrera, Maria Elena Baltazar, 2015. "Creating competitive advantage by institutionalizing corporate social innovation," Journal of Business Research, Elsevier, vol. 68(7), pages 1468-1474.
    4. Erik Stam, 2015. "Entrepreneurial Ecosystems and Regional Policy: A Sympathetic Critique," European Planning Studies, Taylor & Francis Journals, vol. 23(9), pages 1759-1769, September.
    5. Ben Spigel, 2017. "The Relational Organization of Entrepreneurial Ecosystems," Entrepreneurship Theory and Practice, , vol. 41(1), pages 49-72, January.
    6. Gras, David & Mendoza-Abarca, Karla I., 2014. "Risky business? The survival implications of exploiting commercial opportunities by nonprofits," Journal of Business Venturing, Elsevier, vol. 29(3), pages 392-404.
    7. Cajaiba-Santana, Giovany, 2014. "Social innovation: Moving the field forward. A conceptual framework," Technological Forecasting and Social Change, Elsevier, vol. 82(C), pages 42-51.
    8. Pies, Ingo & Hielscher, Stefan & Everding, Sebastian, 2020. "Do hybrids impede sustainability? How semantic reorientations and governance reforms can produce and preserve sustainability in sharing business models," Journal of Business Research, Elsevier, vol. 115(C), pages 174-185.
    9. Autio, Erkko & Kenney, Martin & Mustar, Philippe & Siegel, Don & Wright, Mike, 2014. "Entrepreneurial innovation: The importance of context," Research Policy, Elsevier, vol. 43(7), pages 1097-1108.
    10. Oeij, Peter R.A. & van der Torre, Wouter & Vaas, Fietje & Dhondt, Steven, 2019. "Understanding social innovation as an innovation process: Applying the innovation journey model," Journal of Business Research, Elsevier, vol. 101(C), pages 243-254.
    11. David B. Audretsch & Maksim Belitski, 2017. "Entrepreneurial ecosystems in cities: establishing the framework conditions," The Journal of Technology Transfer, Springer, vol. 42(5), pages 1030-1051, October.
    12. Jana Hanclova & Petr Doucek & Jakub Fischer & Kristyna Vltavska, 2015. "Does ICT capital affect economic growth in the EU-15 and EU-12 countries?," Journal of Business Economics and Management, Taylor & Francis Journals, vol. 16(2), pages 387-406, April.
    13. Avelino, Flor & Wittmayer, Julia M. & Pel, Bonno & Weaver, Paul & Dumitru, Adina & Haxeltine, Alex & Kemp, René & Jørgensen, Michael S. & Bauler, Tom & Ruijsink, Saskia & O'Riordan, Tim, 2019. "Transformative social innovation and (dis)empowerment," Technological Forecasting and Social Change, Elsevier, vol. 145(C), pages 195-206.
    14. G. Lumpkin & Todd Moss & David Gras & Shoko Kato & Alejandro Amezcua, 2013. "Entrepreneurial processes in social contexts: how are they different, if at all?," Small Business Economics, Springer, vol. 40(3), pages 761-783, April.
    15. Muñoz, Pablo & Kimmitt, Jonathan, 2019. "Social mission as competitive advantage: A configurational analysis of the strategic conditions of social entrepreneurship," Journal of Business Research, Elsevier, vol. 101(C), pages 854-861.
    16. Haroon ur Rashid Khan & Murad Ali & Hossein G. T. Olya & Muhamamd Zulqarnain & Zubair Rashid Khan, 2018. "Transformational leadership, corporate social responsibility, organizational innovation, and organizational performance: Symmetrical and asymmetrical analytical approaches," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 25(6), pages 1270-1283, November.
    17. Charles Baden-Fuller & Vincent Mangematin, 2013. "Business models: A challenging agenda," Grenoble Ecole de Management (Post-Print) hal-00869707, HAL.
    18. Paul, Justin, 2020. "SCOPE framework for SMEs: A new theoretical lens for success and internationalization," European Management Journal, Elsevier, vol. 38(2), pages 219-230.
    19. Sahasranamam, Sreevas & Nandakumar, M.K., 2020. "Individual capital and social entrepreneurship: Role of formal institutions," Journal of Business Research, Elsevier, vol. 107(C), pages 104-117.
    20. Dionisio, Marcelo & de Vargas, Eduardo Raupp, 2020. "Corporate social innovation: A systematic literature review," International Business Review, Elsevier, vol. 29(2).
    21. Del Giudice, Manlio & Garcia-Perez, Alexeis & Scuotto, Veronica & Orlando, Beatrice, 2019. "Are social enterprises technological innovative? A quantitative analysis on social entrepreneurs in emerging countries," Technological Forecasting and Social Change, Elsevier, vol. 148(C).
    22. Gouvea, Raul & Kapelianis, Dimitri & Kassicieh, Sul, 2018. "Assessing the nexus of sustainability and information & communications technology," Technological Forecasting and Social Change, Elsevier, vol. 130(C), pages 39-44.
    23. Weerawardena, Jay & Salunke, Sandeep & Haigh, Nardia & Sullivan Mort, Gillian, 2021. "Business model innovation in social purpose organizations: Conceptualizing dual social-economic value creation," Journal of Business Research, Elsevier, vol. 125(C), pages 762-771.
    24. Gupta, Parul & Chauhan, Sumedha & Paul, Justin & Jaiswal, M.P., 2020. "Social entrepreneurship research: A review and future research agenda," Journal of Business Research, Elsevier, vol. 113(C), pages 209-229.
    25. Robert L. Simons, 2010. "Accountability and Control as Catalysts for Strategic Exploration and Exploitation: Field Study Results," Harvard Business School Working Papers 10-051, Harvard Business School.
    26. Weerawardena, Jay & McDonald, Robert E. & Mort, Gillian Sullivan, 2010. "Sustainability of nonprofit organizations: An empirical investigation," Journal of World Business, Elsevier, vol. 45(4), pages 346-356, October.
    27. Bhattarai, Charan Raj & Kwong, Caleb C.Y. & Tasavori, Misagh, 2019. "Market orientation, market disruptiveness capability and social enterprise performance: An empirical study from the United Kingdom," Journal of Business Research, Elsevier, vol. 96(C), pages 47-60.
    28. Jürgen Howaldt & Ralf Kopp, 2012. "Shaping Social Innovation by Social Research," Springer Books, in: Hans-Werner Franz & Josef Hochgerner & Jürgen Howaldt (ed.), Challenge Social Innovation, edition 127, pages 43-55, Springer.
    29. Atanu Sengupta & Sanjoy De, 2020. "Review of Literature," India Studies in Business and Economics, in: Assessing Performance of Banks in India Fifty Years After Nationalization, chapter 0, pages 15-30, Springer.
    30. Charles Baden-Fuller & Vincent Mangematin, 2013. "Business models: A challenging agenda," Post-Print hal-00869707, HAL.
    31. Dan Breznitz & Mollie Taylor, 2014. "The communal roots of entrepreneurial-technological growth - social fragmentation and stagnation: reflection on Atlanta's technology cluster," Entrepreneurship & Regional Development, Taylor & Francis Journals, vol. 26(3-4), pages 375-396, May.
    32. Kullak, Franziska S. & Baker, Jonathan J. & Woratschek, Herbert, 2021. "Enhancing value creation in social purpose organizations: Business models that leverage networks," Journal of Business Research, Elsevier, vol. 125(C), pages 630-642.
    33. Constantine Andriopoulos & Marianne W. Lewis, 2009. "Exploitation-Exploration Tensions and Organizational Ambidexterity: Managing Paradoxes of Innovation," Organization Science, INFORMS, vol. 20(4), pages 696-717, August.
    34. Karimi, Azadeh & Yazdandad, Hossein & Fagerholm, Nora, 2020. "Evaluating social perceptions of ecosystem services, biodiversity, and land management: Trade-offs, synergies and implications for landscape planning and management," Ecosystem Services, Elsevier, vol. 45(C).
    35. Seibold Heidi & Hothorn Torsten & Zeileis Achim, 2016. "Model-Based Recursive Partitioning for Subgroup Analyses," The International Journal of Biostatistics, De Gruyter, vol. 12(1), pages 45-63, May.
    36. James Austin & Howard Stevenson & Jane Wei–Skillern, 2006. "Social and Commercial Entrepreneurship: Same, Different, or Both?," Entrepreneurship Theory and Practice, , vol. 30(1), pages 1-22, January.
    37. Tamami Komatsu Cipriani & Alessandro Deserti & Maria Kleverbeck & Francesca Rizzo & Judith Terstriep, 2020. "Business models & social innovation: mission-driven versus profit-driven organisations," International Review of Applied Economics, Taylor & Francis Journals, vol. 34(5), pages 541-566, September.
    38. Gasparin, Marta & Green, William & Lilley, Simon & Quinn, Martin & Saren, Mike & Schinckus, Christophe, 2021. "Business as unusual: A business model for social innovation," Journal of Business Research, Elsevier, vol. 125(C), pages 698-709.
    39. Vrontis, Demetris & Basile, Gianpaolo & Simona Andreano, M. & Mazzitelli, Andrea & Papasolomou, Ioanna, 2020. "The profile of innovation driven Italian SMEs and the relationship between the firms’ networking abilities and dynamic capabilities," Journal of Business Research, Elsevier, vol. 114(C), pages 313-324.
    40. Shahriar Akter & Nabila Jamal & Md Mahfuz Ashraf & Grace McCarthy & PS Varsha, 2020. "The Rise of the Social Business in Emerging Economies: A New Paradigm of Development," Journal of Social Entrepreneurship, Taylor & Francis Journals, vol. 11(3), pages 282-299, September.
    41. Ghezzi, Antonio & Cavallo, Angelo, 2020. "Agile Business Model Innovation in Digital Entrepreneurship: Lean Startup Approaches," Journal of Business Research, Elsevier, vol. 110(C), pages 519-537.
    42. Lee, Corrinne Mei Jyin & Che-Ha, Norbani & Syed Alwi, Sharifah Faridah, 2021. "Service customer orientation and social sustainability: The case of small medium enterprises," Journal of Business Research, Elsevier, vol. 122(C), pages 751-760.
    43. Rob Lubberink & Vincent Blok & Johan van Ophem & Gerben van der Velde & Onno Omta, 2018. "Innovation for Society: Towards a Typology of Developing Innovations by Social Entrepreneurs," Journal of Social Entrepreneurship, Taylor & Francis Journals, vol. 9(1), pages 52-78, January.
    44. Thomas Dyllick & Kai Hockerts, 2002. "Beyond the business case for corporate sustainability," Business Strategy and the Environment, Wiley Blackwell, vol. 11(2), pages 130-141, March.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Karami, Masoud & Baber, William W. & Ojala, Arto, 2022. "The effectual process of business model innovation for seizing opportunities in frontier markets," Technovation, Elsevier, vol. 117(C).
    2. Yu, Baojun & Li, Changming & Mirza, Nawazish & Umar, Muhammad, 2022. "Forecasting credit ratings of decarbonized firms: Comparative assessment of machine learning models," Technological Forecasting and Social Change, Elsevier, vol. 174(C).
    3. de Souza João-Roland, Iraci & Granados, Maria L., 2023. "Towards social innovation strategy: An analysis of UK social enterprises," Technological Forecasting and Social Change, Elsevier, vol. 187(C).
    4. Aleksander Pabian & Katarzyna Bilińska-Reformat, 2021. "The Potential and Need to Implement the New Concept of Social Innovation into the Management Practice of Modern Energy Companies," Energies, MDPI, vol. 14(20), pages 1-12, October.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Pradeep Kumar Hota, 2023. "Tracing the Intellectual Evolution of Social Entrepreneurship Research: Past Advances, Current Trends, and Future Directions," Journal of Business Ethics, Springer, vol. 182(3), pages 637-659, January.
    2. Theodoraki, Christina & Dana, Léo-Paul & Caputo, Andrea, 2022. "Building sustainable entrepreneurial ecosystems: A holistic approach," Journal of Business Research, Elsevier, vol. 140(C), pages 346-360.
    3. Weerawardena, Jay & Salunke, Sandeep & Haigh, Nardia & Sullivan Mort, Gillian, 2021. "Business model innovation in social purpose organizations: Conceptualizing dual social-economic value creation," Journal of Business Research, Elsevier, vol. 125(C), pages 762-771.
    4. Sahasranamam, Sreevas & Nandakumar, M.K. & Pereira, Vijay & Temouri, Yama, 2021. "Knowledge capital in social and commercial entrepreneurship: Investigating the role of informal institutions," Journal of International Management, Elsevier, vol. 27(1).
    5. Rocha, Augusto & Brown, Ross & Mawson, Suzanne, 2021. "Capturing conversations in entrepreneurial ecosystems," Research Policy, Elsevier, vol. 50(9).
    6. Syrus M Islam, 2022. "Social impact scaling strategies in social enterprises: A systematic review and research agenda," Australian Journal of Management, Australian School of Business, vol. 47(2), pages 298-321, May.
    7. Sophie Bacq & Kimberly A. Eddleston, 2018. "A Resource-Based View of Social Entrepreneurship: How Stewardship Culture Benefits Scale of Social Impact," Journal of Business Ethics, Springer, vol. 152(3), pages 589-611, October.
    8. Dionisio, Eduardo Avancci & Inácio Júnior, Edmundo & Fischer, Bruno Brandão, 2021. "Country-level efficiency and the index of dynamic entrepreneurship: Contributions from an efficiency approach," Technological Forecasting and Social Change, Elsevier, vol. 162(C).
    9. Cheng, Colin C.J. & Shiu, Eric C., 2022. "A two-level, longitudinal investigation into the effects of employee social entrepreneurship orientation and top management team decisions on product innovation," Technological Forecasting and Social Change, Elsevier, vol. 182(C).
    10. Robertson, Jeandri & Pitt, Leyland & Ferreira, Caitlin, 2020. "Entrepreneurial ecosystems and the public sector: A bibliographic analysis," Socio-Economic Planning Sciences, Elsevier, vol. 72(C).
    11. Maksim Belitski & Ana-Maria Grigore & Anca Bratu, 2021. "Political entrepreneurship: entrepreneurship ecosystem perspective," International Entrepreneurship and Management Journal, Springer, vol. 17(4), pages 1973-2004, December.
    12. Daniel Sunghwan Cho & Paul Ryan & Giulio Buciuni, 2022. "Evolutionary entrepreneurial ecosystems: a research pathway," Small Business Economics, Springer, vol. 58(4), pages 1865-1883, April.
    13. Tykkyläinen, Saila & Ritala, Paavo, 2021. "Business model innovation in social enterprises: An activity system perspective," Journal of Business Research, Elsevier, vol. 125(C), pages 684-697.
    14. Shi, Xianwei & Liang, Xingkun & Luo, Yining, 2023. "Unpacking the intellectual structure of ecosystem research in innovation studies," Research Policy, Elsevier, vol. 52(6).
    15. Bessagnet, Arnauld & Crespo, Joan & Vicente, Jérôme, 2021. "Unraveling the multi-scalar and evolutionary forces of entrepreneurial ecosystems: A historical event analysis applied to IoT Valley," Technovation, Elsevier, vol. 108(C).
    16. Ana-Maria Grigore & Irina-Maria Dragan, 2020. "Towards Sustainable Entrepreneurial Ecosystems in a Transitional Economy: An Analysis of Two Romanian City-Regions through the Lens of Entrepreneurs," Sustainability, MDPI, vol. 12(15), pages 1-21, July.
    17. Behnam Azhdari & Jean Bonnet & Sébastien Bourdin, 2022. "Towards a Causal Model and Causal Inference of Regional Entrepreneurship Development Index, its antecedents and outcomes in European regions," Economics Working Paper Archive (University of Rennes 1 & University of Caen) 2022-06, Center for Research in Economics and Management (CREM), University of Rennes 1, University of Caen and CNRS.
    18. Prencipe, Antonio & Corsi, Christian & Rodríguez-Gulías, María Jesús & Fernández-López, Sara & Rodeiro-Pazos, David, 2020. "Influence of the regional entrepreneurial ecosystem and its knowledge spillovers in developing successful university spin-offs," Socio-Economic Planning Sciences, Elsevier, vol. 72(C).
    19. Fahimeh Khatami & Veronica Scuotto & Norris Krueger & Valter Cantino, 2022. "The influence of the entrepreneurial ecosystem model on sustainable innovation from a macro-level lens," International Entrepreneurship and Management Journal, Springer, vol. 18(4), pages 1419-1451, December.
    20. Francesco Perugini, 2023. "Space–time analysis of entrepreneurial ecosystems," The Journal of Technology Transfer, Springer, vol. 48(1), pages 240-291, February.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:tefoso:v:170:y:2021:i:c:s0040162521003097. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.sciencedirect.com/science/journal/00401625 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.