-
Sources of entrepreneurial value creation: a business model approach
May 13, 2015 Editor 0
Sources of entrepreneurial value creation: a business model approach
Călin Gurău; Frank Lasch; Léo-Paul Dana
International Journal of Entrepreneurship and Small Business, Vol. 25, No. 2 (2015) pp. 192 – 207
Despite the rich literature addressing entrepreneurial business models and processes, the sources of entrepreneurial value creation are still under debate. Recent studies focus on the value creation processes applied by technology entrepreneurs, social entrepreneurs, and transformational entrepreneurs; however, the business models behind some of these conceptual labels are rather simplistic and confusing. To provide a clear analysis and classification of the sources of entrepreneurial value creation, this study starts with a presentation of the value-related processes, which define modern business models. Using this theoretical approach, the paper develops a criticism of the existing models and then identifies and describes three major sources of entrepreneurial value creation, using the primary data collected from 34 successful start-ups: innovative, relational and circumstantial entrepreneurship; and the root processes which support their exploitation: innovation, marketing, and respectively market research and reactivity.Related Posts
The impact of OFDI on firm innovation in an emerging country
To foster innovation, let a hundred flowers bloom?
Can China be an innovation powerhouse?
Innovation’s New World Order
What Happened to the Innovation, Disruption, Technology’ Dividend?
Are you an Innovator /entrepreneur? Do you want to inspire others?
Categories: Entrepreneurship
Tags: entrepreneurial value creation, Innovation, technology entrepreneurs
Exploring the link between technical and management innovation: the moderating effects of firm size and type of innovation GDP, FDI, and exports in East and Central African countries: a causality analysis
Subscribe to our stories
Recent Posts
- Entrepreneurial Alertness, Innovation Modes, And Business Models in Small- And Medium-Sized Enterprises December 30, 2021
- The Strategic Role of Design in Driving Digital Innovation June 10, 2021
- Correction to: Hybrid mosquitoes? Evidence from rural Tanzania on how local communities conceptualize and respond to modified mosquitoes as a tool for malaria control June 10, 2021
- BRIEF FOCUS: Optimal spacing for groundnuts in smallholder farming systems June 9, 2021
- COVID-19 pandemic: impacts on the achievements of Sustainable Development Goals in Africa June 9, 2021
Categories
Archives
Popular Post-All time
- A review on biomass-based... 1k views
- Can blockchain disrupt ge... 807 views
- Apply Now: $500,000 for Y... 806 views
- Test Your Value Propositi... 759 views
- Prize-winning projects pr... 726 views