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Business model innovation and the resilience of SMEs in developing countries: A context of strategy

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  • Mugove Mashingaidze

    (Ba Isago University)

Abstract

Business Model Innovation (BMI) has been widely recognised by management scholars as a significant approach to analyse complex organisational issues and address challenges in volatile business contexts.  Small and Medium Enterprises (SMEs) operating in highly turbulent business environments struggle to be viable. Hence, the need to adopt appropriate business models to ensure resilient and viability. This study sought to examine the influence of BMIs on the ability of SMEs in developing nations to withstand and recover from challenges posed by unstable business environments. This study uses a quantitative approach, with a cross-sectional survey to collect empirical evidence from 327 SMEs selected through quota sampling. Using Structural Equation Modeling (SEM) method, results of the study reveal that BMI has a positive impact on the resilience of SMEs. The findings demonstrated that implementing innovative modifications in the business model, namely value creation, value capture, and value proposition positively influence the resilience of SMEs. The study concludes that implementing innovative business models contributes to the development of resilience among SMEs in emerging economies. This paper is relevant to SMEs operating in developing economies as well as those in volatile business environments. Key Words:business model innovation, business model, dynamic capabilities view, enterprise resilience, value creation, value capture, value proposition, small and medium enterprises, resource-based view

Suggested Citation

  • Mugove Mashingaidze, 2025. "Business model innovation and the resilience of SMEs in developing countries: A context of strategy," International Journal of Research in Business and Social Science (2147-4478), Center for the Strategic Studies in Business and Finance, vol. 14(9), pages 83-92, December.
    • Handle: RePEc:rbs:ijbrss:v:14:y:2025:i:9:p:83-92
    DOI: 10.20525/ijrbs.v14i9.4596
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    References listed on IDEAS

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    1. Sascha Kraus & Matthias Filser & Kaisu Puumalainen & Norbert Kailer & Selina Thurner, 2020. "Business Model Innovation: A Systematic Literature Review," International Journal of Innovation and Technology Management (IJITM), World Scientific Publishing Co. Pte. Ltd., vol. 17(06), pages 1-20, October.
    2. Panagiotis Kotsios, 2023. "Business resilience skills for SMEs," Journal of Innovation and Entrepreneurship, Springer, vol. 12(1), pages 1-22, December.
    3. Soluk, Jonas & Decker-Lange, Carolin & Hack, Andreas, 2023. "Small steps for the big hit: A dynamic capabilities perspective on business networks and non-disruptive digital technologies in SMEs," Technological Forecasting and Social Change, Elsevier, vol. 191(C).
    4. Daniela Andreini & Cristina Bettinelli & Nicolai J. Foss & Marco Mismetti, 2022. "Business model innovation: a review of the process-based literature," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 26(4), pages 1089-1121, December.
    5. Petri Ahokangas & Irina Atkova & Seppo Yrjölä & Marja Matinmikko-Blue, 2024. "Business Model Theory and the Becoming of New Mobile Communications Technologies," Springer Books, in: Annabeth Aagaard (ed.), Business Model Innovation, chapter 0, pages 263-293, Springer.
    6. Chamindika Weerakoon & Sarath S. Kodithuwakku, 2023. "Configurations of Business Model Innovation: Unpacking the Practice Adopted by Firms in an Emerging Market Context," Journal of Entrepreneurship and Innovation in Emerging Economies, Entrepreneurship Development Institute of India, vol. 32(1), pages 218-259, March.
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