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Antecedents to cognitive business model evaluation : a dynamic managerial capabilities perspective

Title data

Heubeck, Tim ; Meckl, Reinhard:
Antecedents to cognitive business model evaluation : a dynamic managerial capabilities perspective.
In: Review of Managerial Science. (17 November 2021) .
ISSN 1863-6683
DOI: https://doi.org/10.1007/s11846-021-00503-7

Abstract in another language

The increasing misalignment between the technological and economic domains in today’s digitalized global economy puts managers under constant pressure to redesign firms’ business models. Business model innovation has thus become a critical managerial challenge to develop and sustain competitive advantages. Building on the dynamic managerial capabilities perspective, we argue that managers are at the heart of strategic change through business model innovation. We hypothesize that decision-making regarding business model innovation is the outcome of how managers cognitively process information. We further reason that while managerial human capital and social capital reinforce each other, they also promote managers’ ability to consciously evaluate options for business model innovation. Our empirical study builds on a sample of firms operating primarily within the Industry 4.0 sector. The results significantly confirm managerial human and social capital as two crucial antecedents to cognitive business model innovation. Contrary to the literature, the data set does not show a significant positive relationship between managerial human and social capital. Our main contributions to the literature are twofold; from a methodological perspective, we are one of the first to construct a multidimensional measurement of dynamic managerial capabilities, while from a theoretical and practical perspective, our findings further underline the relevance of dynamic managerial capabilities for business model innovation. Finally, we discuss theoretical and practical implications and propose future avenues for research.

Further data

Item Type: Article in a journal
Refereed: Yes
Keywords: Business model innovation; Dynamic managerial capabilities; Human capital; Managerial cognition; Organizational change; Social capital
Subject classification: JEL Classification: C12 · L26 · M12 · O31 · O32 · O33
Institutions of the University: Faculties > Faculty of Law, Business and Economics > Department of Business Administration > Chair Business Administration IX - International Management/ Intercultural Management > Chair Business Administration IX - International Management/ Intercultural Management - Univ.-Prof. Dr. Reinhard Meckl
Faculties
Faculties > Faculty of Law, Business and Economics
Faculties > Faculty of Law, Business and Economics > Department of Business Administration
Faculties > Faculty of Law, Business and Economics > Department of Business Administration > Chair Business Administration IX - International Management/ Intercultural Management
Result of work at the UBT: Yes
DDC Subjects: 300 Social sciences > 330 Economics
Date Deposited: 18 Nov 2021 09:58
Last Modified: 18 Nov 2021 10:39
URI: https://eref.uni-bayreuth.de/id/eprint/67904