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Manager’S Personality And Business Model Innovation

Author

Listed:
  • MUHAMMAD ANWAR

    (Faculty of Management Science, International Islamic University Islamabad, H10. Sector Islamabad (44000), Pakistan)

  • SYED ZULFIQAR ALI SHAH

    (Faculty of Management Sciences, International Islamic University Islamabad, Pakistan)

  • SHER ZAMAN KHAN

    (University of Science and Technology Beijing, China)

  • MUHAMMAD SUALEH KHATTAK

    (PhD Scholar at International Islamic University Islamabad, Pakistan)

Abstract

Rapid changes in the external environment and dynamic markets have challenged the survival of every kind of organizations. Many business firms fail due to lack of managerial skills and an ineffective business model to adjust their operations in line with the competitive environment. This study examines the influence of owners and top managers’ “Big Five” personality traits on business model innovation. Data were collected through structured questionnaires using a sample size of 343 owners and senior managers of SMEs operating in the emerging economy Pakistan. Hypotheses were tested using structural equation modeling (SEM) in AMOS.21. The results indicate that managers with extroversion, agreeableness, and openness to experience personality have a significant positive influence on business model innovation. However, neuroticism personality has a significant negative while conscientiousness has an insignificant positive influence on business model innovation. Implications for practice are also discussed.

Suggested Citation

  • Muhammad Anwar & Syed Zulfiqar Ali Shah & Sher Zaman Khan & Muhammad Sualeh Khattak, 2019. "Manager’S Personality And Business Model Innovation," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 23(07), pages 1-27, October.
    • Handle: RePEc:wsi:ijimxx:v:23:y:2019:i:07:n:s1363919619500610
    DOI: 10.1142/S1363919619500610
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    2. Turulja, Lejla & Smajlović, Selma, 2021. "A New Proposition of Business Model Innovation: Anteceding Managerial Competencies," Proceedings of the ENTRENOVA - ENTerprise REsearch InNOVAtion Conference (2021), Hybrid Conference, Zagreb, Croatia, in: Proceedings of the ENTRENOVA - ENTerprise REsearch InNOVAtion Conference, Hybrid Conference, Zagreb, Croatia, 9-10 September 2021, pages 335-344, IRENET - Society for Advancing Innovation and Research in Economy, Zagreb.

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