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Paradigm Shift From €Œbusiness Model To €Œentrepreneurial Model

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  • Roxana CLODNITCHI

Abstract

Academic and non-academic literature, after exploiting the term “business model, increasingly make referral to “entrepreneurial models or “entrepreneurial business models. Besides frequent confusion and alternation of terms, there are several papers stressing “entrepreneurial models as distinctive concepts from “business models. The phrase “entrepreneurial model nevertheless still lacks a formal definition. This paper presents a synthesis of the recent literature available in journals indexed in international databases of mainstream publications about business models and entrepreneurial models. After critically analysing common and divergent features of business models and entrepreneurial models, the study identifies and presents the key elements defining entrepreneurial models: innovation and technology, financing solutions, qualitative human resources, strategic partnerships and a social mission, interconnected through the governance structure implemented. By analysing these elements as well as the interaction between them, it attempts to generate a comprehensive definition of the concept.

Suggested Citation

  • Roxana CLODNITCHI, 2017. "Paradigm Shift From €Œbusiness Model To €Œentrepreneurial Model," Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 11(1), pages 778-793, November.
    • Handle: RePEc:rom:mancon:v:11:y:2017:i:1:p:778-793
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    References listed on IDEAS

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    1. Morris, Michael & Schindehutte, Minet & Allen, Jeffrey, 2005. "The entrepreneur's business model: toward a unified perspective," Journal of Business Research, Elsevier, vol. 58(6), pages 726-735, June.
    2. Miller,Gary J., 1992. "Managerial Dilemmas," Cambridge Books, Cambridge University Press, number 9780521372817, November.
    3. Steven Casper & Hannah Kettler, 2001. "National Institutional Frameworks And The Hybridization Of Entrepreneurial Business Models: The German And Uk Biotechnology Sectors," Industry and Innovation, Taylor & Francis Journals, vol. 8(1), pages 5-30.
    4. Rosenberg, Nathan & Nelson, Richard R., 1994. "American universities and technical advance in industry," Research Policy, Elsevier, vol. 23(3), pages 323-348, May.
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