IDEAS home Printed from https://ideas.repec.org/a/eee/jbrese/v174y2024ics0148296324000250.html
   My bibliography  Save this article

Rejuvenating business models via startup collaborations: Evidence from the Turkish context

Author

Listed:
  • Buyukbalci, Pinar
  • Sanguineti, Francesca
  • Sacco, Federica

Abstract

Are Multinational Enterprises (MNEs) equipped to thrive in an environment where agility and resilience are paramount? We examine the impact of MNE-startup collaborations on MNE business models, with a specific focus on Turkey’s emerging market. We analyzed data from in-depth interviews with executives from three MNEs in varied industries, supplemented by secondary sources. Findings show that collaborations enhance MNEs’ resource structure, promoting agility and an intrapreneurial culture. Also, they foster changes in transactive structure, leading to more efficient and resilient networks. Notably, collaborations result in shifts in the value structure of MNEs, enabling the development of new value propositions and exploration of new market segments. The study provides insights into the strategic adjustments MNEs must undertake to remain competitive and highlights the importance of MNE-startup collaborations in responding to market-specific challenges, such as sustainability and digitization, and therefore contributes to our understanding of business model resilience in rapidly evolving markets.

Suggested Citation

  • Buyukbalci, Pinar & Sanguineti, Francesca & Sacco, Federica, 2024. "Rejuvenating business models via startup collaborations: Evidence from the Turkish context," Journal of Business Research, Elsevier, vol. 174(C).
    • Handle: RePEc:eee:jbrese:v:174:y:2024:i:c:s0148296324000250
    DOI: 10.1016/j.jbusres.2024.114521
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0148296324000250
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.jbusres.2024.114521?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Fainshmidt, Stav & Nair, Anil & Mallon, Mark R., 2017. "MNE performance during a crisis: An evolutionary perspective on the role of dynamic managerial capabilities and industry context," International Business Review, Elsevier, vol. 26(6), pages 1088-1099.
    2. Audretsch, B. David & Belitski, Maksim, 2023. "The limits to open innovation and its impact on innovation performance," Technovation, Elsevier, vol. 119(C).
    3. Napier, Elizabeth & Liu, Steven Y.H. & Liu, Jingting, 2024. "Adaptive strength: Unveiling a multilevel dynamic process model for organizational resilience," Journal of Business Research, Elsevier, vol. 171(C).
    4. Shaker A. Zahra & Niron Hashai, 2022. "The effect of MNEs’ technology startup acquisitions on small open economies’ entrepreneurial ecosystems," Journal of International Business Policy, Palgrave Macmillan, vol. 5(3), pages 277-295, September.
    5. Audretsch, David B. & Belitski, Maksim, 2020. "The role of R&D and knowledge spillovers in innovation and productivity," European Economic Review, Elsevier, vol. 123(C).
    6. Björn Ambos & Bodo B. Schlegelmilch, 2008. "Innovation in multinational firms: Does cultural fit enhance performance?," Management International Review, Springer, vol. 48(2), pages 189-206, April.
    7. Phil Brown & Nancy Bocken & Ruud Balkenende, 2020. "How Do Companies Collaborate for Circular Oriented Innovation?," Sustainability, MDPI, vol. 12(4), pages 1-21, February.
    8. Gerard George & Adam J. Bock, 2011. "The Business Model in Practice and its Implications for Entrepreneurship Research," Entrepreneurship Theory and Practice, , vol. 35(1), pages 83-111, January.
    9. Andersson, Thomas & Cäker, Mikael & Tengblad, Stefan & Wickelgren, Mikael, 2019. "Building traits for organizational resilience through balancing organizational structures," Scandinavian Journal of Management, Elsevier, vol. 35(1), pages 36-45.
    10. Frank T. Rothaermel, 2001. "Incumbent's advantage through exploiting complementary assets via interfirm cooperation," Strategic Management Journal, Wiley Blackwell, vol. 22(6‐7), pages 687-699, June.
    11. Maksim Belitski & Pınar Büyükbalci, 2021. "Uncharted waters of the entrepreneurial ecosystems research: Comparing Greater Istanbul and Reading ecosystems," Growth and Change, Wiley Blackwell, vol. 52(2), pages 727-750, June.
    12. Alessandra Tognazzo & Paolo Gubitta & Saverio Dave Favaron, 2016. "Does slack always affect resilience? A study of quasi-medium-sized Italian firms," Entrepreneurship & Regional Development, Taylor & Francis Journals, vol. 28(9-10), pages 768-790, October.
    13. Nielsen, Bo Bernhard & Wechtler, Heidi & Zheng, Linglin (Gloria), 2023. "Disasters and international business: Insights and recommendations from a systematic review," Journal of World Business, Elsevier, vol. 58(4).
    14. Kathleen M. Eisenhardt & Claudia Bird Schoonhoven, 1996. "Resource-based View of Strategic Alliance Formation: Strategic and Social Effects in Entrepreneurial Firms," Organization Science, INFORMS, vol. 7(2), pages 136-150, April.
    15. Shameen Prashantham & Charles Dhanaraj, 2015. "MNE ties and new venture internationalization: Exploratory insights from India," Asia Pacific Journal of Management, Springer, vol. 32(4), pages 901-924, December.
    16. Shameen Prashantham & Julian Birkinshaw, 2020. "MNE–SME cooperation: An integrative framework," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 51(7), pages 1161-1175, September.
    17. Conz, Elisa & Magnani, Giovanna, 2020. "A dynamic perspective on the resilience of firms: A systematic literature review and a framework for future research," European Management Journal, Elsevier, vol. 38(3), pages 400-412.
    18. Herman Aguinis & Angelo M. Solarino, 2019. "Transparency and replicability in qualitative research: The case of interviews with elite informants," Strategic Management Journal, Wiley Blackwell, vol. 40(8), pages 1291-1315, August.
    19. Raphael Amit & Christoph Zott, 2001. "Value creation in E‐business," Strategic Management Journal, Wiley Blackwell, vol. 22(6‐7), pages 493-520, June.
    20. Luo, Yadong & Bu, Juan, 2018. "Contextualizing international strategy by emerging market firms: A composition-based approach," Journal of World Business, Elsevier, vol. 53(3), pages 337-355.
    21. Kohler, Thomas, 2016. "Corporate accelerators: Building bridges between corporations and startups," Business Horizons, Elsevier, vol. 59(3), pages 347-357.
    22. Jean-François Hennart, 2020. "More than intent: A bundling model of MNE–SME interactions," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 51(7), pages 1176-1194, September.
    23. Dubois, Anna & Gadde, Lars-Erik, 2002. "Systematic combining: an abductive approach to case research," Journal of Business Research, Elsevier, vol. 55(7), pages 553-560, July.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. M. Moore, 2021. "Collaboration in Coworking Spaces: Impact on Firm Innovativeness and Business Models," Papers 2111.09866, arXiv.org.
    2. Elisa Conz & Giovanna Magnani & Antonella Zucchella & Alfredo Massis, 2023. "Responding to unexpected crises: The roles of slack resources and entrepreneurial attitude to build resilience," Small Business Economics, Springer, vol. 61(3), pages 957-981, October.
    3. Audretsch, David B. & Belitski, Maksim, 2024. "Knowledge collaboration, firm productivity and innovation: A critical assessment," Journal of Business Research, Elsevier, vol. 172(C).
    4. Mingfeng Tang & Grace Sheila Walsh & Cuiwen Li & Angathevar Baskaran, 2021. "Exploring technology business incubators and their business incubation models: case studies from China," The Journal of Technology Transfer, Springer, vol. 46(1), pages 90-116, February.
    5. Vanhaverbeke, Wim & Li, Ying & Van de Vrande, Vareska, 2009. "The dual role of external corporate venturing in technological exploration," MPRA Paper 26488, University Library of Munich, Germany, revised 2010.
    6. Meena Madhavan & Mohammed Ali Sharafuddin & Thanapong Chaichana, 2022. "Impact of Business Model Innovation on Sustainable Performance of Processed Marine Food Product SMEs in Thailand—A PLS-SEM Approach," Sustainability, MDPI, vol. 14(15), pages 1-33, August.
    7. Coskun-Setirek, Abide & Tanrikulu, Zuhal, 2021. "Digital innovations-driven business model regeneration: A process model," Technology in Society, Elsevier, vol. 64(C).
    8. Wenyao Zhang & Tugrul Daim & Qingpu Zhang, 2019. "Exploring the Multi-Phase Driven Process for Disruptive Business Model Innovation of E-Business Microcredit: a Multiple Case Study from China," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 10(2), pages 590-617, June.
    9. Chenguang Hu & Kyung Hwan Yun & Ziqi Su & Chang Xi, 2022. "Effective Crisis Management during Adversity: Organizing Resilience Capabilities of Firms and Sustainable Performance during COVID-19," Sustainability, MDPI, vol. 14(20), pages 1-20, October.
    10. Czarnitzki, Dirk & Hottenrott, Hanna, 2012. "Collaborative R&D as a strategy to attenuate financing constraints," ZEW Discussion Papers 12-049, ZEW - Leibniz Centre for European Economic Research.
    11. Zhang, Jing & Baden-Fuller, Charles & Mangematin, Vincent, 2007. "Technological knowledge base, R&D organization structure and alliance formation: Evidence from the biopharmaceutical industry," Research Policy, Elsevier, vol. 36(4), pages 515-528, May.
    12. Riikkinen, Mikko & Pihlajamaa, Matti, 2022. "Achieving a strategic fit in fintech collaboration – A case study of Nordea Bank," Journal of Business Research, Elsevier, vol. 152(C), pages 461-472.
    13. Zhang, Yimeng & Ma, Xinyu & Pang, Jianing & Xing, Hailong & Wang, Jian, 2023. "The impact of digital transformation of manufacturing on corporate performance — The mediating effect of business model innovation and the moderating effect of innovation capability," Research in International Business and Finance, Elsevier, vol. 64(C).
    14. Roberto Vaz & João Vidal de Carvalho & Sandrina Francisca Teixeira, 2023. "Developing a Digital Business Incubator Model to Foster Entrepreneurship, Business Growth, and Academia–Industry Connections," Sustainability, MDPI, vol. 15(9), pages 1-29, April.
    15. Wang, Miaomiao & Mühlbacher, Hans & Wittmann, Xinhua & Perrett, Pieter, 2021. "Dynamic collaboration between small- and medium-sized enterprises from highly dissimilar markets," European Management Journal, Elsevier, vol. 39(2), pages 185-200.
    16. Dovev Lavie & Stewart R. Miller, 2008. "Alliance Portfolio Internationalization and Firm Performance," Organization Science, INFORMS, vol. 19(4), pages 623-646, August.
    17. Bugl, Benjamin M. & Balz, Frank P. & Kanbach, Dominik K., 2022. "Leveraging smart capital through corporate venture capital: A typology of value creation for new venture firms," Journal of Business Venturing Insights, Elsevier, vol. 17(C).
    18. Yuanyuan Li & John Cantwell, . "Rapid FDI of emerging market firms: foreign participation and leapfrogging in the establishment chain," UNCTAD Transnational Corporations Journal, United Nations Conference on Trade and Development.
    19. Anne Tryba & Denise Fletcher, 2020. "How shared pre-start-up moments of transition and cognitions contextualize effectual and causal decisions in entrepreneurial teams," Small Business Economics, Springer, vol. 54(3), pages 665-688, March.
    20. Han, Xiaomin & Goxe, François & Freeman, Susan, 2024. "Internationalization through social networks: A systematic review and future research agenda," International Business Review, Elsevier, vol. 33(4).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:jbrese:v:174:y:2024:i:c:s0148296324000250. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/jbusres .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.