Do All Roads Lead to Rome? The Effect of the Decision-Making Logic on Business Model Change

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dc.contributor.authorTorkkeli, Lasse
dc.contributor.authorSalojärvi, Hanna
dc.contributor.authorSainio, Liisa-Maija
dc.contributor.authorSaarenketo, Sami
dc.contributor.organizationLappeenranta University of Technology, School of Business and Management, Finland
dc.date.accessioned2018-01-22T10:06:39Z
dc.date.available2018-01-22T10:06:39Z
dc.date.issued2015
dc.description.abstractBusiness models and business model change have drawn increasing attention from both researchers and practitioners across various disciplines, including the domain of entrepreneurship. However, even though the importance of business model innovation as a driver of firm performance has been widely acknowledged, empirical studies explaining the business model change remain limited. This study contributes to prior research by examining the effects of effectual and causation-based decisionmaking logics on the degree of business model change in the context of small and medium-sized enterprises in Finland. The findings of hierarchical regression analysis show that both causation and effectuation-based logics have positive effects on business model change, thereby highlighting the need for both strategizing and seizing of opportunities in business model development.en
dc.identifier.citationTorkkeli, L., Salojärvi, H., Sainio, L., Saarenketo, S., Do All Roads Lead to Rome? The Effect of the Decision-Making Logic on Business Model Change. Journal of Entrepreneurship, Management and Innovation (JEMI), 2015, vol. 11, nr 3 : Entrepreneurship and Innovations : Novel Research Approaches. Ed. by K. Klincewicz, A. Ujwary-Gil, s. 5-24en
dc.identifier.issn2299-7326
dc.identifier.urihttps://open.icm.edu.pl/handle/123456789/14158
dc.language.isoen
dc.publisherFundacja Upowszechniająca Wiedzę i Naukę "Cognitione" / Wyższa Szkoła Biznesu - National Louis Universityen
dc.rightsUznanie autorstwa-Użycie niekomercyjne-Na tych samych warunkach 3.0 Polska*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-sa/3.0/pl/*
dc.subjectbusiness modelen
dc.subjectdecision-makingen
dc.subjecteffectuationen
dc.subjectcausationen
dc.subjectsmall and medium enterprisesen
dc.titleDo All Roads Lead to Rome? The Effect of the Decision-Making Logic on Business Model Changeen
dc.typearticleen
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