IDEAS home Printed from https://ideas.repec.org/a/wsi/ijimxx/v25y2021i05ns1363919621500559.html
   My bibliography  Save this article

The Influence Of Initial Business Models On Early Business Performance: A Study Of 589 New High-Tech Firms

Author

Listed:
  • ANDERS ISAKSSON

    (Division of Entrepreneurship and Strategy, Department of Technology Management and Economics, Chalmers University of Technology, SE 412 96 Göteborg, Sweden)

  • HANS LÖFSTEN

    (Division of Entrepreneurship and Strategy, Department of Technology Management and Economics, Chalmers University of Technology, SE 412 96 Göteborg, Sweden)

  • HEIKKI RANNIKKO

    (#x2021;Metropolia University of Applied Sciences, Hämeentie 135 D, 00560 Helsinki)

Abstract

The initial business model of start-ups affects the performance and development of new ventures. Therefore, new technology-based firms (NTBFs) must choose a suitable initial business model to survive, perform, and grow. We propose a measurement framework comprising of nine elements described using 16 variables for NTBFs’ initial business models. We test our framework by surveying 589 young manufacturing and knowledge-intensive high-tech firms established in 2013 in Sweden, Finland, and France. We identify differences between the business models across countries and measure sales growth during 2014–2016. We find significant differences between high-tech manufacturing firms and high-tech knowledge-intensive firms regarding key partners, activities, and resources, as well as value propositions and the ranking of elements. In the second part of the analysis, we apply correlation and regression tests for the nine elements regarding early business performance (sales growth) for the manufacturing and knowledge-intensive high-tech firms.

Suggested Citation

  • Anders Isaksson & Hans Löfsten & Heikki Rannikko, 2021. "The Influence Of Initial Business Models On Early Business Performance: A Study Of 589 New High-Tech Firms," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 25(05), pages 1-37, June.
    • Handle: RePEc:wsi:ijimxx:v:25:y:2021:i:05:n:s1363919621500559
    DOI: 10.1142/S1363919621500559
    as

    Download full text from publisher

    File URL: http://www.worldscientific.com/doi/abs/10.1142/S1363919621500559
    Download Restriction: Access to full text is restricted to subscribers
    File URL: https://libkey.io/10.1142/S1363919621500559?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.

    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:wsi:ijimxx:v:25:y:2021:i:05:n:s1363919621500559. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Tai Tone Lim (email available below). General contact details of provider: http://www.worldscinet.com/ijim/ijim.shtml .

    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.