Building upon the theoretical insights of the literature on organizational routines and "activity system" perspectives on business models, we propose a multi-level theory of business model innovation that explains business model dynamics within established firms, integrating the processes...

Management scholars and practitioners generally agree that the primary functions of a business model are value creation and value capture. However, the meaning (conceptualization) of these terms, their measurement, and the factors and mechanisms affecting them remain contentious. In the current...

Today’s market environment puts constant pressure on managers to achieve and maintain continuous business growth in terms of new clients, revenue, market share, or profit. Failing to do so limits the companies’ access to resources, ultimately threatening their survival and long-term...

The impact of business planning on performance (survival, growth, profit) of small and medium enterprises (SMEs) has been debated in strategic management and entrepreneurship research for decades. This study clarifies prior inconsistent findings by unbundling the generalized construct of...