The Impact of Technological Turbulence on SMEs Business Model Innovation Performance: The Contingent Role of Entry Order

Article

Molina-Castillo, F-J., Stanko, M. A., Islam, N. and de Reuver, M. 2022. The Impact of Technological Turbulence on SMEs Business Model Innovation Performance: The Contingent Role of Entry Order. IEEE Transactions on Engineering Management. 71, pp. 4116-4130. https://doi.org/10.1109/TEM.2022.3210488
AuthorsMolina-Castillo, F-J., Stanko, M. A., Islam, N. and de Reuver, M.
Abstract

In this study, we investigate how small and medium-sized enterprises (SMEs) engage in business model innovation in response to technology shifts, and the ensuing impact of this innovation on performance. Using structural equation modeling, we analyze data from a survey of 1328 European SMEs and find that technological turbulence affects the scope and novelty of business model innovation, and that these dimensions of innovation in turn affect firm performance. We show that these relationships are doubly contingent: both SME size (micro, small, or medium) and time since market entry are relevant. Early entrant firms are more responsive to technological turbulence through both dimensions of business model innovation, as the learning accruing in these SMEs since market entry motivates and informs business model innovation. There are meaningful differences in these relationships for micro, small, and medium-sized enterprises. Our findings advance the theoretical understanding of the relationships between technology, entry order, business model innovation, and performance and also serve to inform managers’ estimations of the implications of technology turbulence and business model innovation for performance.

JournalIEEE Transactions on Engineering Management
Journal citation71, pp. 4116-4130
ISSN0018-9391
Year2022
PublisherIEEE
Digital Object Identifier (DOI)https://doi.org/10.1109/TEM.2022.3210488
Publication dates
Online17 Nov 2022
Publication process dates
Deposited11 Dec 2023
FunderEuropean Union Horizon 2020
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