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Avoiding to get stuck in a successful business model: Dynamic business model adaptation from a path dependence perspective
University of Borås, Swedish School of Textiles.
University of Borås, Swedish School of Textiles.
2014 (English)Conference paper, Published paper (Refereed)
Abstract [en]

Abstract The phenomenon of business models is receiving increasing attention in entrepreneurship research. One central challenge in the literature on business models is the question how business models can remain flexible in a changing business context. While there is agreement among scholars that business models need to be adapted, experience shows that successful business models often become inert as firms mature. In this paper we draw upon path dependence literature to discuss how firms can avoid getting stuck in their business model. We identify the options of (1) either unlocking locked-in business models or (2) avoiding the occurrence of a lock-in. We elaborate on business model development along the cases of three Swedish textile companies. The pursuit of unplanned opportunities narrows down the scope of available options and leads to the emergence of a path. On the other hand, business models also include strategic options that widen the past or at least help avoiding a complete lock-in.

Place, publisher, year, edition, pages
2014.
Keyword [en]
business model, change, entrepreneurship, textile industry, path dependence
National Category
Business Administration
Research subject
Textiles and Fashion (General)
Identifiers
URN: urn:nbn:se:hb:diva-7170Local ID: 2320/13545OAI: oai:DiVA.org:hb-7170DiVA: diva2:887878
Conference
3rd international conference on path dependence in Berlin, 17-18/2 2014.
Available from: 2015-12-22 Created: 2015-12-22

Open Access in DiVA

fulltext(318 kB)139 downloads
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File name FULLTEXT01.pdfFile size 318 kBChecksum SHA-512
b7c3cbf1102c58e2b1bc76c3025c7492980b8817607fafd6727f088642f7f1dc91f4b071bf30980f50a5f568d67635e082c2b7cc166fd3e4288abd19fd2c8e4e
Type fulltextMimetype application/pdf

Authority records BETA

Brunninge, OlofWramsby, Gunnar

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CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf