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NOTE: Since 2009 the title of the International Journal of Entrepreneurship Education (IJEE) has been changed to the title above.  ISSN numbers: IJEE 1649-2269 and IRE 2009-2822

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ISSN Number: 2009-2822. Frequency: 4 Issues + 1 Hard Copy per year 

Article #1595 - Potentially Disruptive Innovations and Business Models: (How) do established SMEs respond?

IRE Vol 17: Issue 1, 2019

Author(s): Rosemarie Kay, Sebastian Nielen and Christian Schröder (Institut für Mittelstandsforschung (IfM) Bonn, Germany)

Abstract:
This study analyses how established SMEs respond to potentially disruptive innovations and business models in the course of increasing digitization. Drawing on the strategic entrepreneurship approach we argue that SMEs showing opportunity-seeking behaviour are more likely to respond to potentially disruptive innovations and business models proactively. Using a data base of 268 established SMEs in Germany, we show that established SMEs that recognize disruptive innovations and business models as a business opportunity (thereby show-ing an opportunity-seeking mindset) apply significantly more frequently strategic measures to exploit these opportunities (advantage seeking). Observing and actively evaluating relevant new technologies and developments is a key determinant of belonging to the group of SMEs demonstrating entrepreneurial, opportunity-seeking behaviour. In our sample only a minority belongs to this group of proactive established SMEs.