Business model innovation and internationalization: investigating the relationship through the dynamic states approach

Abstract

Purpose

This empirical paper investigates how entrepreneurial firms change their business models in the context of internationalization by identifying different forms of business model innovation (BMI) and exploring the interrelationship between BMI and internationalization.

Design/methodology/approach

Based on the dynamic states approach of entrepreneurship (Levie and Lichtenstein, 2010), this paper analyses primary and secondary data from nine European firms following a multiple case study approach.

Findings

This paper presents four patterns of radical change and eight types of incremental adaption with-in business models in the context of internationalization. We describe these BMI patterns and types, and we also show how they contribute to increasing involvement in international business activities and the internationalization-related triggers that might cause them.

Originality/value

This paper contributes to a better understanding of the BMI process in the course of internationalization. It also highlights the complex interrelationship between BMI and internationalization by building on a progressive theoretical approach.

Citation

Krenn, M.L. and Chiarvesio, M. (2024), "Business model innovation and internationalization: investigating the relationship through the dynamic states approach", Journal of Small Business and Enterprise Development, Vol. 31 No. 6, pp. 1067-1087. https://doi.org/10.1108/JSBED-06-2023-0247