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The concepts of strategy and business models in firm internationalization research: Towards a research agenda

Author

Listed:
  • Marian Gorynia

    (Poznań University of Economics and Business, Poznań, Poland)

  • Piotr Trąpczyński

    (Poznań University of Economics and Business, Poznań, Poland)

  • Szymon Bytniewski

    (Poznań University of Economics and Business, Poznań, Poland)

Abstract

Objective: To discuss concepts of strategy and business models and reflect upon their commonalities and mutual relationships. Discussion about usage of both concepts with regard to the international expansion decisions.Research Design & Methods: The article is based on the literature studies.Findings: Some of the dimensions of both concepts, including the operating modes, choice of products or markets, are common to both concepts. However, internationalisation appears to be an integral part of corporate-level strategy which defines the directions of long-term firm development, including the geographic dimension. Thus, considering different geographic commitments as partly independent, one can assume that while the entire firm has a business model as a whole, there can also be varieties of business models within the same organisation, which are a consequence of its growth, particularly internationalisation.Contribution & Value Added: Internationalisation research can also contribute to the stream on business model innovation, as the internationalisation of a firm’s operations can be regarded as an organisational innovation in itself. A business model innovation requires a firm to timely and effectively identify and anticipate relevant developments in its constantly changing environment. The initiative to innovate an established business model has been identified as highly challenging due to its complexity and a range of barriers, particularly widespread inertia.

Suggested Citation

  • Marian Gorynia & Piotr Trąpczyński & Szymon Bytniewski, 2019. "The concepts of strategy and business models in firm internationalization research: Towards a research agenda," International Entrepreneurship Review, Centre for Strategic and International Entrepreneurship at the Cracow University of Economics., vol. 5(2), pages 7-21.
    • Handle: RePEc:krk:ientre:v:5:y:2019:i:2:p:7-21
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    Citations

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    Cited by:

    1. Evers, Natasha & Ojala, Arto & Sousa, Carlos M.P. & Criado-Rialp, Alex, 2023. "Unraveling business model innovation in firm internationalization: A systematic literature review and future research agenda," Journal of Business Research, Elsevier, vol. 158(C).
    2. Henryk Dzwigol & Nataliia Trushkina & Aleksy Kwilinski, 2021. "The Organizational and Economic Mechanism of Implementing the Concept of Green Logistics," Virtual Economics, The London Academy of Science and Business, vol. 4(2), pages 41-75, April.
    3. Vyacheslav Dementyev & Nataliya Dalevska & Aleksy Kwilinski, 2021. "Innovation and Information Aspects of the Structural Organization of the World Political and Economic Space," Virtual Economics, The London Academy of Science and Business, vol. 4(1), pages 54-76, January.

    More about this item

    Keywords

    Strategy; business models; internationalization; international competitiveness; international business;
    All these keywords.

    JEL classification:

    • F2 - International Economics - - International Factor Movements and International Business
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business

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