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International Entrepreneurship and Management Journal
Published in: International Entrepreneurship and Management Journal 2/2021

29-01-2020

Entrepreneurial alertness and business model innovation: the role of entrepreneurial learning and risk perception

Authors: Wenhong Zhao, Te Yang, Karen D. Hughes, Yixin Li

Published in: International Entrepreneurship and Management Journal | Issue 2/2021

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Abstract

Although business model innovation has received increasing attention in recent years, there are gaps in existing literature concerning why innovation occurs. Drawing on the intentions model and knowledge-based view, this study explores the relationship between entrepreneurial alertness and business model innovation, proposing a moderated mediation framework to handle the questions of why some entrepreneurs achieve business model innovation successfully while others do not. Based on a dataset of 150 firms in northwest China, this study finds that (1) entrepreneurial alertness facilitates business model innovation; (2) explorative learning and exploitative learning mediate the relationship between entrepreneurial alertness and business model innovation; and (3) risk perception moderates the mediating effects of different types of learning and then affects the relationship between entrepreneurial alertness and business model innovation. Specifically, with the increase of risk perception, the mediating role through explorative learning is weakened, while the mediating effect through exploitative learning is enhanced.
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Appendix
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Metadata
Title
Entrepreneurial alertness and business model innovation: the role of entrepreneurial learning and risk perception
Authors
Wenhong Zhao
Te Yang
Karen D. Hughes
Yixin Li
Publication date
29-01-2020
Publisher
Springer US
Published in
International Entrepreneurship and Management Journal / Issue 2/2021
Print ISSN: 1554-7191
Electronic ISSN: 1555-1938
DOI
https://doi.org/10.1007/s11365-020-00637-2

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