Research on the Innovation Path of Business Models Based on the Market Orientation
Current research considers business model innovation as a series of responses to technological change and market environment change. However, in practice, it is often business model innovation that leads to market innovation and subversion and then promotes a new round of iterative product renewal....
Saved in:
| Main Authors: | , , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Wiley
2021-01-01
|
| Series: | Complexity |
| Online Access: | http://dx.doi.org/10.1155/2021/9939004 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1850106611467550720 |
|---|---|
| author | Yongmei Ma Huafei Wei Chuanshuang Hu Chenglin Jin |
| author_facet | Yongmei Ma Huafei Wei Chuanshuang Hu Chenglin Jin |
| author_sort | Yongmei Ma |
| collection | DOAJ |
| description | Current research considers business model innovation as a series of responses to technological change and market environment change. However, in practice, it is often business model innovation that leads to market innovation and subversion and then promotes a new round of iterative product renewal. This is because business model innovation is a value creation activity based on market demand, rather than a technology-oriented innovation behavior. Moreover, since the degree of demand manifestation varies, the degree of its influence on value creation and thus the driving mechanism for business model innovation vary significantly, and the duality of market-oriented theory is introduced to explore how firms go about achieving business model innovation based on different demand characteristics and how the results of firms’ integration of market information work. Through regression analysis of 230 sample enterprises, the results show that both responsiveness and proactive market orientation have a significant positive impact on business model innovation. In contrast, market information integration has a positive regulatory effect on the two groups of relationships. |
| format | Article |
| id | doaj-art-4e3ba6b534c44647b2b2dd229b1f8dfa |
| institution | OA Journals |
| issn | 1076-2787 1099-0526 |
| language | English |
| publishDate | 2021-01-01 |
| publisher | Wiley |
| record_format | Article |
| series | Complexity |
| spelling | doaj-art-4e3ba6b534c44647b2b2dd229b1f8dfa2025-08-20T02:38:46ZengWileyComplexity1076-27871099-05262021-01-01202110.1155/2021/99390049939004Research on the Innovation Path of Business Models Based on the Market OrientationYongmei Ma0Huafei Wei1Chuanshuang Hu2Chenglin Jin3College of Mathematics and Statistics, Chaohu University, Hefei 238000, ChinaBusiness School, Anhui University, Hefei 230601, ChinaSchool of Public Affairs, University of Science and Technology of China, Hefei 230601, ChinaSchool of Business, Anhui Xinhua University, Hefei 230088, ChinaCurrent research considers business model innovation as a series of responses to technological change and market environment change. However, in practice, it is often business model innovation that leads to market innovation and subversion and then promotes a new round of iterative product renewal. This is because business model innovation is a value creation activity based on market demand, rather than a technology-oriented innovation behavior. Moreover, since the degree of demand manifestation varies, the degree of its influence on value creation and thus the driving mechanism for business model innovation vary significantly, and the duality of market-oriented theory is introduced to explore how firms go about achieving business model innovation based on different demand characteristics and how the results of firms’ integration of market information work. Through regression analysis of 230 sample enterprises, the results show that both responsiveness and proactive market orientation have a significant positive impact on business model innovation. In contrast, market information integration has a positive regulatory effect on the two groups of relationships.http://dx.doi.org/10.1155/2021/9939004 |
| spellingShingle | Yongmei Ma Huafei Wei Chuanshuang Hu Chenglin Jin Research on the Innovation Path of Business Models Based on the Market Orientation Complexity |
| title | Research on the Innovation Path of Business Models Based on the Market Orientation |
| title_full | Research on the Innovation Path of Business Models Based on the Market Orientation |
| title_fullStr | Research on the Innovation Path of Business Models Based on the Market Orientation |
| title_full_unstemmed | Research on the Innovation Path of Business Models Based on the Market Orientation |
| title_short | Research on the Innovation Path of Business Models Based on the Market Orientation |
| title_sort | research on the innovation path of business models based on the market orientation |
| url | http://dx.doi.org/10.1155/2021/9939004 |
| work_keys_str_mv | AT yongmeima researchontheinnovationpathofbusinessmodelsbasedonthemarketorientation AT huafeiwei researchontheinnovationpathofbusinessmodelsbasedonthemarketorientation AT chuanshuanghu researchontheinnovationpathofbusinessmodelsbasedonthemarketorientation AT chenglinjin researchontheinnovationpathofbusinessmodelsbasedonthemarketorientation |