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The Interplay Between Business Models and Entrepreneurial Capabilities in Aging Populations: Insights from Emerging Economies

Author

Listed:
  • Fabricio Miguel Moreno-Menéndez

    (Faculty of Administrative and Accounting Sciences, Peruvian University of Los Andes, Huancayo 12000, Peru)

  • Victoriano Eusebio Zacarías-Rodríguez

    (Faculty of Management Science, National University of the Center of Peru, Huancayo 12006, Peru)

  • Pedro Emil Torres-Quillatupa

    (Faculty of Administrative and Accounting Sciences, Peruvian University of Los Andes, Huancayo 12000, Peru)

  • Sara Ricardina Zacarías-Vallejos

    (Faculty of Business Science, Universidad Continental, Huancayo 15306, Peru)

  • Saúl Nilo Astuñaupa-Flores

    (Faculty of Management Science, National University of the Center of Peru, Huancayo 12006, Peru)

  • Yamill Alam Barrrionuevo-Inca-Roca

    (Faculty of Management Science, National University of the Center of Peru, Huancayo 12006, Peru)

  • Javier Amador Navarro-Veliz

    (Faculty of Engineering, Peruvian University of Los Andes, Huancayo 12000, Peru)

  • Vicente González-Prida

    (Department of Industrial Management I, University of Seville, 41092 Seville, Spain)

Abstract

This research examines the link between business models and entrepreneurial capabilities among social assistance program participants who are aging adults in an emerging economic environment. The research targets the insufficient use of entrepreneurial abilities in seniors to advance their active aging potential while enhancing their life quality. This study collected data from selected participants by using Osterwalder and Pigneur’s business model framework as a basis for their structured questionnaire, which followed a quantitative–qualitative method. Researchers applied Spearman’s Rho statistical methods to measure relations between business elements and skills in self-confidence, creativity, initiative, perseverance, and teamwork demonstrated by entrepreneurs. The study results clearly showed that properly executed business models create substantial growth in entrepreneurial abilities among people of advanced age. This study contributes novel empirical evidence from a rural Peruvian context, confirming that structured business model training is positively associated with entrepreneurial outcomes among elderly populations. The findings (r = 0.755, p < 0.001) support the urgency of integrating capability-building into social assistance schemes. These results emphasize how targeted training programs should empower this population since this initiative supports Sustainable Development Goals like “Decent Work and Economic Growth” (SDG 8) and “Reduced Inequalities” (SDG 10). The analysis demonstrates that teaching entrepreneurial abilities to mature individuals leads to better social entrepreneurship sustainability together with superior economic involvement and social connections.

Suggested Citation

  • Fabricio Miguel Moreno-Menéndez & Victoriano Eusebio Zacarías-Rodríguez & Pedro Emil Torres-Quillatupa & Sara Ricardina Zacarías-Vallejos & Saúl Nilo Astuñaupa-Flores & Yamill Alam Barrrionuevo-Inca-R, 2025. "The Interplay Between Business Models and Entrepreneurial Capabilities in Aging Populations: Insights from Emerging Economies," World, MDPI, vol. 6(2), pages 1-31, June.
    • Handle: RePEc:gam:jworld:v:6:y:2025:i:2:p:84-:d:1673519
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    References listed on IDEAS

    as
    1. Svetlana Zemlyak & Olga Gusarova & Galina Khromenkova, 2023. "Entrepreneurial Initiatives, Education and Culture: Hubs for Enterprise Innovations and Economic Development," Sustainability, MDPI, vol. 15(5), pages 1-14, February.
    2. Latifi, Mohammad-Ali & Nikou, Shahrokh & Bouwman, Harry, 2021. "Business model innovation and firm performance: Exploring causal mechanisms in SMEs," Technovation, Elsevier, vol. 107(C).
    3. Akilimali Ndatabaye Ephrem & Paul Martin Dontsop Nguezet & Ishara Kaciko Charmant & McEdward Murimbika & Bola Amoke Awotide & Abdoulaye Tahirou & Mulindangabo Neema Lydie & Victor Manyong, 2021. "Entrepreneurial Motivation, Psychological Capital, and Business Success of Young Entrepreneurs in the DRC," Sustainability, MDPI, vol. 13(8), pages 1-22, April.
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