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Exploring How Internal Factors Interact with External Enablers to Drive Business Model Innovation in Romanian SMEs

In: New Perspectives in Economics and Management, Vol 1

Author

Listed:
  • Cristina Terezia Dresan Pop

    (Technical University of Cluj-Napoca)

  • Raul Ionut Riti

    (Technical University of Cluj-Napoca)

  • Adriana Mirela Sava

    (Technical University of Cluj-Napoca)

  • Laura Bacali

    (Technical University of Cluj-Napoca)

Abstract

This study examines the interaction between internal and external enablers in driving business model innovation among small- and medium-sized companies, with a focus on Romanian firms. Using a structured questionnaire and SPSS-based analysis, the study identifies organizational culture, leadership, and organizational capabilities as significant internal drivers. Only technological advancements have a notable influence among external enablers, while regulatory and market-related factors appear to be less impactful. These findings suggest a context-dependent pattern, where SMEs in emerging economies rely more heavily on internal levels than on institutional or market factors. The results underscore the importance of organizational readiness in translating external opportunities into innovation. The findings offer both theoretical insights and practical implications for SME managers, policymakers, and innovation consultants aiming to enhance competitiveness in emerging economies. The paper advocates an integrated approach to business model innovation that aligns internal capacities with external opportunities and constraints to ensure long-term sustainability and growth.

Suggested Citation

  • Cristina Terezia Dresan Pop & Raul Ionut Riti & Adriana Mirela Sava & Laura Bacali, 2026. "Exploring How Internal Factors Interact with External Enablers to Drive Business Model Innovation in Romanian SMEs," Springer Proceedings in Business and Economics, in: Alvaro Rocha & Elisabeth T. Pereira & Isaias Bianchi & Manuel Au-Yong-Oliveira & Tutut Herawan (ed.), New Perspectives in Economics and Management, Vol 1, chapter 0, pages 121-141, Springer.
    • Handle: RePEc:spr:prbchp:978-3-032-29260-5_9
    DOI: 10.1007/978-3-032-29260-5_9
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