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  • 1.
    Barth, Henrik
    et al.
    Högskolan i Halmstad, Akademin för ekonomi, teknik och naturvetenskap, Centrum för innovations-, entreprenörskaps- och lärandeforskning (CIEL).
    Holmén, Magnus
    Högskolan i Halmstad, Akademin för ekonomi, teknik och naturvetenskap, Centrum för innovations-, entreprenörskaps- och lärandeforskning (CIEL).
    Rosén, Bengt-Göran
    Högskolan i Halmstad, Akademin för ekonomi, teknik och naturvetenskap, Maskinteknisk produktframtagning (MTEK), Funktionella ytor.
    The use and abuse of 3D-printing from a business model perspective2016Konferensbidrag (Refereegranskat)
    Abstract [en]

    The paper analyses changes in user activities and behaviour across different types of actors following the introduction of 3D printers. 3D printing, or additive manufacturing, has been claimed to disrupt manufacturing, allowing firms to move from prototyping to full-scale end-part production and replacement part production in a one-step process. 3D printing has many different uses, for example, the manufacturing of toys, shoes, lamps and fashion accessories, and by implication many different types of users and buyers. There are few empirical studies on the types of uses and users of 3D, hampering our understanding in what ways the 3D printers may change the behaviour of users, and whether 3D printers affect the likelihood and the nature of entrepreneurship or business model innovation. To investigate this, a model was created based on the 3DP literature. The model is applied on a distributor customer database and four interview-based illustrative case studies. The empirical findings show that the use of 3DP a) lowers the knowledge and resource barriers for experimentation and entrepreneurial entry, b) increases product and concept prototyping in product development, c) provides a potential for business model innovation by expanding the boundaries of the firm upstream and downstream, and d) becomes a ticket for entrepreneurial entry. Based on our results, the paper suggests that the potential of 3D printers alter user innovative activities is high but most of the potential is latent.

  • 2.
    Björkdahl, Joakim
    et al.
    Chalmers University of Technology, Göteborg, Sweden.
    Holmén, Magnus
    Chalmers University of Technology, Göteborg, Sweden.
    Business model innovation – the challenges ahead2013Ingår i: International Journal of Product Development, ISSN 1477-9056, E-ISSN 1741-8178, Vol. 18, nr 3/4, s. 213-225Artikel i tidskrift (Övrigt vetenskapligt)
  • 3.
    Björkdahl, Joakim
    et al.
    Department of Technology Management and Economics, Chalmers University of Technology, Göteborg, Sweden.
    Holmén, Magnus
    Högskolan i Halmstad, Akademin för ekonomi, teknik och naturvetenskap, Centrum för innovations-, entreprenörskaps- och lärandeforskning (CIEL).
    Exploiting the control revolution by means of digitalization: Value creation, value capture, and downstream movements2019Ingår i: Industrial and Corporate Change, ISSN 0960-6491, E-ISSN 1464-3650, Vol. 28, nr 3, s. 423-436, artikel-id dty022Artikel i tidskrift (Refereegranskat)
    Abstract [en]

    This article explains why firms move downstream to profit from the value they create for customers through improved control. Under certain circumstances, product innovations and services are dynamically interdependent in the sense of improved control creating value for the customer. Since value capture is distinct from value creation, firms may need to change their means of appropriation to profit. Empirically, the article analyses how firms can renew their product offerings by incorporating control technologies into their traditional mechanical engineering products. In contrast to a strand in the recent strategy literature that argues that manufacturing firms should move downstream to deliver complementary services, this article explains these shifts as related to increased control, economies of throughput, value creation, and value capture. The article contributes to the throughput and control technology literature by showing the importance of differentiating value creation from value capture. The increased control by means of digitalization and the discrepancy between value creation and value capture explains why many manufacturing firms will become service firms.

  • 4.
    Björkdahl, Joakim
    et al.
    Chalmers University of Technology, Göteborg, Sweden.
    Holmén, Magnus
    Högskolan i Halmstad, Akademin för ekonomi, teknik och naturvetenskap, Centrum för innovations-, entreprenörskaps- och lärandeforskning (CIEL).
    Innovation audits by means of formulating problems2016Ingår i: R &D Management, ISSN 0033-6807, E-ISSN 1467-9310, Vol. 46, nr 5, s. 842-856Artikel i tidskrift (Refereegranskat)
    Abstract [en]

    Prior innovation audits consist of scorecards that firms use to assess their innovation processes and capabilities. The multifaceted nature of innovation means that this approach does not contextualize the audit for the audited firms. This paper proposes an innovation audit method that identifies and formulates valuable innovation-related problems. It comprises four sequentially dependent modules which follow a structured process that allows the firm’s innovation processes and capabilities to be audited. The audit was developed based on performing innovation audits with five multinational companies in the manufacturing and hygiene sectors, and nine pulp and paper companies. The paper discusses the pros and cons of different innovation audits. We suggest that the innovation audit process may be a means for changing a firm’s strategic innovation orientation, and contribute to the development of innovation capabilities. © 2015 RADMA and John Wiley & Sons Ltd.

  • 5.
    Björkdahl, Joakim
    et al.
    Chalmers University of Technology, Gothenburg, Sweden.
    Holmén, Magnus
    Högskolan i Halmstad, Akademin för ekonomi, teknik och naturvetenskap, Centrum för innovations-, entreprenörskaps- och lärandeforskning (CIEL).
    Fallahi, Sara
    Chalmers University of Technology, Gothenburg, Sweden.
    Business model innovation processes: Looking forward and looking backward2016Ingår i: Academy of Management Conference, AOM, 2016Konferensbidrag (Refereegranskat)
  • 6.
    Dalitz, Robert
    et al.
    University of Western Sydney, Canberra, Australia.
    Holmén, Magnus
    Chalmers University of Technology, Göteborg, Sweden.
    Scott-Kemmis, Don
    University of Western Sydney, Canberra, Australia & University of Technology, Sydney, NSW, Australia.
    How do innovation systems interact?: Schumpeterian innovation in seven Australian sectors2012Ingår i: Prometheus, ISSN 0810-9028, E-ISSN 1470-1030, Vol. 30, nr 3, s. 261-289Artikel i tidskrift (Refereegranskat)
    Abstract [en]

    This paper analyses how and why different types of innovation systems interact through analysing seven Australian sectors. We find that there are sets of mechanisms or systems that ‘articulate’; i.e. structure and shape the interaction among sectoral innovation systems and other types of innovation systems. Drawing on the Schumpeterian and evolutionary legacy, we contribute a theoretical explanation of how interaction among innovation systems influences innovation. First, this interaction enables and enhances variety creation by expanding the new combinations of knowledge and resources a firm can achieve. Second, it allows for more efficient and effective scaling up of useful knowledge recombination to achieve increasing returns. Empirically, this is supported in that the more successful sectors have active articulation systems with alignment with other systems, while weaker sectors have unplanned and patchy linkages. No simple model seems to explain successful articulation. However, important factors are active receptor firms with the motivation and capabilities to absorb and use resources from external systems, high quality and responsive education systems, and international linkages. Public research, labour markets, and intermediaries varied in importance. © 2012 Copyright Taylor and Francis Group, LLC.

  • 7.
    Egeskog, Andrea
    et al.
    Division of Physical Resource Theory, Department of Energy and Environment, Chalmers University of Technology, Göteborg, Sweden.
    Barretto, Alberto
    Brazilian Bioethanol Science and Technology Laboratory (CTBE), Campinas, Brazil.
    Berndes, Göran
    Division of Physical Resource Theory, Department of Energy and Environment, Chalmers University of Technology, Göteborg, Sweden.
    Freitas, Flavio
    Division of Land and Water Resources Engineering, Department of Sustainable development, Environmental science and Engineering, Royal Institute of Technology, Stockholm, Sweden.
    Holmén, Magnus
    Högskolan i Halmstad, Akademin för ekonomi, teknik och naturvetenskap, Centrum för innovations-, entreprenörskaps- och lärandeforskning (CIEL).
    Sparovek, Gerd
    USP- Esalq- University of São Paulo, Piracicaba, Brazil.
    Torén, Johan
    SP Technical Research Institute of Sweden, Department of Energy and Bioeconomy, Göteborg, Sweden.
    Actions and opinions of Brazilian farmers who shift to sugarcane: an interview-based assessment with discussion of implications for land-use change2016Ingår i: Land use policy, ISSN 0264-8377, E-ISSN 1873-5754, Vol. 57, s. 594-604Artikel i tidskrift (Refereegranskat)
    Abstract [en]

    Sugarcane ethanol systems can deliver large greenhouse gas emissions savings if emissions associated with land-use change are kept low. This qualitative study documents and analyzes actions and opinions among Brazilian farmers who shift to sugarcane production. Semi-structured interviews were held with 28 actors associated with sugarcane production in three different regions: one traditional sugarcane region and two regions where sugarcane is currently expanding. Most farmers considered sugarcane a land diversification option with relatively low economic risk, although higher risk than their previous land use. Beef production was considered a low-risk option, but less profitable than sugarcane. In conjunction with converting part of their land to sugarcane, most farmers maintained and further intensified their previous agricultural activity, often beef production. Several farmers invested in expanded production in other regions with relatively low land prices. Very few farmers in the expansion regions shifted all their land from the former, less profitable, use to sugarcane. Very few farmers in this study had deforested any land in connection with changes made when shifting to sugarcane. The respondents understand “environmental friendliness” as compliance with the relevant legislation, especially the Brazilian Forest Act, which is also a requirement for delivering sugarcane to the mills. Indirect land-use change is not a concern for the interviewed farmers, and conversion of forests and other native vegetation into sugarcane plantations is uncontroversial if legal. We derive hypotheses regarding farmers’ actions and opinions from our results. These hypotheses aim to contribute to better understanding of what takes place in conjunction with expansion of sugarcane and can, when tested further, be of use in developing, e.g., policies for iLUC-free biofuel production.

  • 8.
    Fallahi, Sara
    et al.
    Chalmers University of Technology, Gothenburg, Sweden.
    Holmén, Magnus
    Högskolan i Halmstad, Akademin för ekonomi, teknik och naturvetenskap, Centrum för innovations-, entreprenörskaps- och lärandeforskning (CIEL).
    Björkdahl, Joakim
    Chalmers University of Technology, Gothenburg, Sweden.
    Organizing business model innovation in established firms2016Konferensbidrag (Refereegranskat)
    Abstract [en]

    Research focusing on business model innovation tends to either be case-based, studying the transformation of a firm’s business model, or normative in terms of how to implement new business models. Prior research has tended to neglect the various choices and decisions of the organization for business model innovation and the mechanisms that lead to good or poor business model implementation performance. This paper identifies mechanisms that influence the performance of the business model innovation process. Empirically, the paper draws on two case studies of two multinational firms, Skanska and IKEA, and how they organized their business model innovation processes. The paper identifies four mechanisms, including search, leadership, commitment, and external collaboration, derived from within-case and cross-case analysis. The paper contributes to the growing field of business model innovation by showing important mechanisms that influence the potential and performance of the implemented business model innovations.

  • 9.
    Habtay, Solomon Russom
    et al.
    University of Melbourne, Carlton, VIC, Australia & MISTRA, Johannesburg, South Africa.
    Holmén, Magnus
    Högskolan i Halmstad, Akademin för ekonomi, teknik och naturvetenskap, Centrum för innovations-, entreprenörskaps- och lärandeforskning (CIEL).
    Incumbents’ responses to disruptive business model innovation: The moderating role of technology vs. market driven innovation2014Ingår i: International Journal of Entrepreneurship and Innovation Management, ISSN 1368-275X, E-ISSN 1741-5098, Vol. 18, nr 4, s. 289-309Artikel i tidskrift (Refereegranskat)
    Abstract [en]

    Current research argues that incumbents should respond to disruptive innovation by setting up a separate business unit. This recommendation stems from research predominantly carried out on disruptive technologies in high-tech industries but whether incumbents respond differently to other types of disruptive business model innovations and whether the type of response leads to a difference in performance have not been empirically analysed. By collecting data from 88 strategic business units (SBUs) and dividing the sample into incumbents responding to disruptive technology against those responding to disruptive market-driven innovations, the study shows that the latter type of firms can succeed in managing both disruptive and sustaining innovations without setting up structurally separated business units. We discuss the implications of our results and highlight areas for further research. © 2014 Inderscience Enterprises Ltd.

  • 10.
    Holmén, Magnus
    Chalmers University of Technology, Gothenburg, Sweden.
    Restless capitalism and the economizing entrepreneur2013Ingår i: Economics of Innovation and New Technology, ISSN 1043-8599, E-ISSN 1476-8364, Vol. 22, nr 7, s. 684-701Artikel i tidskrift (Refereegranskat)
    Abstract [en]

    This paper explains why capitalistic economies are restless by focusing on the role and the activities by entrepreneurs. The linkage between the entrepreneur and the economy is that as knowledge is a scarce resource, entrepreneurs must economize knowledge to reduce uncertainty if they are to undertake entrepreneurial action. Fortunately, ways of lowering uncertainty are important sources of opportunities for entrepreneurs. However, the exploitation of such sources may in turn increase uncertainty in the economy. Thus, entrepreneurial action reduces and regenerates uncertainty and complexity over time across different dimensions in the economic system. The paper argues that these processes are core mechanisms of economic development, creating interdependencies between the entrepreneur and the economic system. © 2013 Taylor & Francis.

  • 11.
    Holmén, Magnus
    et al.
    Högskolan i Halmstad, Akademin för ekonomi, teknik och naturvetenskap, Centrum för innovations-, entreprenörskaps- och lärandeforskning (CIEL).
    Berglund, Henrik
    Chalmers University of Technology, Gothenburg, Sweden.
    Björkdahl, Joakim
    Chalmers University of Technology, Gothenburg, Sweden.
    Mansoori, Yashar
    Chalmers University of Technology, Gothenburg, Sweden.
    Sjölander, Sören
    Chalmers University of Technology, Gothenburg, Sweden.
    Entrepreneurs Searching for Scalable Business Models: The Barriers of the Customer Development Process2015Ingår i: Australian Centre for Entrepreneurship Research Exchange Conference 2015, 3-6 February 2015 Adelaide, South Australia: Conference Proceedings / [ed] Per Davidsson, Queensland, Australia: Queensland University of Technology , 2015, s. 396-411Konferensbidrag (Refereegranskat)
    Abstract [en]

    This paper identifies and analyzes barriers startups encounter when following the Lean Startup approach, i.e. the Customer Development process during the initial phase of identifying and validating a business model. In an action research setting, we mentored and interviewed eleven startups enrolled in a business development program called “Born Global” running 7-10 months. For the barrier prior experience, entrepreneurs who had previously encountered failure, had a long period of unsuccessful work, or had heard about Customer Development previously were more likely to follow the process. A main finding was that the entrepreneurs were busy and lacked time and/or money. Deeper reasons included team conflicts, lock-in to an earlier business model by means of a business plan and boards intent of following the old business plan. The lock-in to the old business model can be explained that several startups had gotten a first round of funding based on a flawed business plan.

  • 12.
    Holmén, Magnus
    et al.
    Högskolan i Halmstad, Akademin för ekonomi, teknik och naturvetenskap, Centrum för innovations-, entreprenörskaps- och lärandeforskning (CIEL).
    Broechner, Jan
    Department of Technology Management and Economics, Chalmers University of Technology, Göteborg, Sweden.
    Mokhlesian, Shahin
    Department of Technology Management and Economics, Chalmers University of Technology, Göteborg, Sweden.
    Integrating contractor and property developer for product system innovations2017Ingår i: Facilities, ISSN 0263-2772, E-ISSN 1758-7131, Vol. 35, nr 9/10, s. 511-524Artikel i tidskrift (Refereegranskat)
    Abstract [en]

    Purpose - The aim of this paper is to explain why construction groups facing opportunities for product system innovations, such as green buildings, may choose to integrate construction and property development, taking on facilities management (FM) for a limited period.

    Design/methodology/approach - Conceptual analysis based on prior literature and illustrated by a single case of integration.

    Findings - For product system innovations, an in-house developer should be more able to reduce uncertainty than independent developers, due to unobservable long-term technological quality for customers, because the property becomes associated with lower risk after having been owned and operated. Alternatives such as building certification systems support incremental innovations, warranties suffer from double moral hazard in the long run and risk allocation in public- private partnership projects often fails to encourage system innovations. Integration allows the contractor to work continuously with innovative projects, developing new capabilities, which allow the firm to signal proficiency to the market, employees and the investment community.

    Research limitations/implications - The phenomenon is new, and further empirical surveys are needed to confirm the hypothetical conclusions drawn here.

    Practical implications - The value of close collaboration between those who develop innovative green building technologies and facilities managers is outlined.

    Originality/value - The relation between the scope of corporate activities in construction groups, technological innovations and FM has not been studied before.

  • 13.
    Holmén, Magnus
    et al.
    Högskolan i Halmstad, Akademin för ekonomi, teknik och naturvetenskap, Centrum för innovations-, entreprenörskaps- och lärandeforskning (CIEL).
    Linnér, Maria
    HMS Industrial Networks, Halmstad, Sweden.
    How acquisitions affect innovation and entrepreneurial behaviour: An innovation governance perspective2018Konferensbidrag (Refereegranskat)
    Abstract [en]

    There are many studies of how acquisitions of small technology based startups and firms affect innovation growth and performance but less attention on how acquisitions affect the innovative behavior of the acquired firms. This paper explains changes in the innovative behavior of acquired technology-based small firms from an innovation governance perspective. An interview based case study of founder and top managers of three acquisitions by a Swedish medium-sized IT company from an insider-outsider perspective found that innovative efforts shifted from building a company to an incremental product innovation focus, by means of accumulation of continuous hardware and software upgrades. This “acquisitional” termination of innovative and entrepreneurial behavior is explained by a shift in vision from firm creation by founders (owners) to a product-oriented vision driven by product managers. This vision framed the underlying dimension of discovering opportunities, which became oriented towards improved product performance and was executed by formal and informal steering relating to incremental product innovations. Capability creation related to product and marketing to support the product-oriented business units. The paper suggests that the focus on Schumpeterian innovative behavior of acquired entrepreneurial firms from an innovation governance perspective is a useful new way of analyzing technology-based acquisitions.

  • 14.
    Holmén, Magnus
    et al.
    Högskolan i Halmstad, Akademin för ekonomi, teknik och naturvetenskap, Centrum för innovations-, entreprenörskaps- och lärandeforskning (CIEL).
    Ljungberg, Daniel
    Göteborgs universitet, Göteborg, Sverige.
    Förnyelsens källor: Akademikers roller och innovativa beteenden2016Ingår i: Sveriges entreprenöriella ekosystem: Företag, akademi, politik / [ed] McKelvey, M. & Zaring, O., Stockholm: Esbri , 2016, s. 150-163Kapitel i bok, del av antologi (Övrigt vetenskapligt)
  • 15.
    Holmén, Magnus
    et al.
    Högskolan i Halmstad, Akademin för ekonomi, teknik och naturvetenskap, Centrum för innovations-, entreprenörskaps- och lärandeforskning (CIEL).
    Ljungberg, Daniel
    University of Gothenburg, Gothenburg, Sweden.
    The teaching and societal services nexus: Academics' experiences in three disciplines2015Ingår i: Teaching in Higher Education, ISSN 1356-2517, E-ISSN 1470-1294, Vol. 20, nr 2, s. 208-220Artikel i tidskrift (Refereegranskat)
    Abstract [en]

    In this paper, we investigate the perception of academics regarding how their experiences from societal interaction (third mission) inform their teaching and vice versa. We report on a phone survey of Swedish academics in three engineering-related disciplines. The findings show that there is a perceived positive and bidirectional relationship between societal interaction and teaching. Industry-related activities were perceived to inform teaching more than other types of societal interaction. While societal interaction is at large more important for the academics in their search for relevant teaching topics and content, teaching was deemed more important for the implementation of societal interaction. We conclude by proposing that academics creatively (re)combine experiences from third mission and education, often mediated by their research activities. © 2014 Taylor & Francis.

  • 16.
    Holmén, Magnus
    et al.
    Högskolan i Halmstad, Akademin för ekonomi, teknik och naturvetenskap, Centrum för innovations-, entreprenörskaps- och lärandeforskning (CIEL).
    Ljungberg, Daniel
    University of Gothenburg, Gothenburg, Sweden.
    Dalitz, Robert
    University of Canberra, Canberra, Australia.
    Towards a behavioral explanation of university transformation2016Konferensbidrag (Övrigt vetenskapligt)
  • 17.
    Holmén, Magnus
    et al.
    Högskolan i Halmstad, Akademin för ekonomi, teknik och naturvetenskap, Centrum för innovations-, entreprenörskaps- och lärandeforskning (CIEL).
    Ljungberg, Daniel
    University of Gothenburg, Gothenburg, Sweden.
    Preciado, Deycy Janeth Sanchez
    Högskolan i Halmstad, Akademin för ekonomi, teknik och naturvetenskap, Centrum för innovations-, entreprenörskaps- och lärandeforskning (CIEL).
    Evolution of systems of technology transfer in rural developing economies2018Konferensbidrag (Refereegranskat)
    Abstract [en]

    Longitudinal studies show that technology transfer changes over time but do not systematically address how this occurs. This paper addresses the evolution of technology transfer by analyzing changes in the focal actors, their perceived problems, problem-solving activities and implemented technological and organizational solutions. Empirically, we analyze the evolution of fish and silk production in Cauca, Colombia, a rural region characterized by a low level of education. While production was initiated by national and international governments, these policy programs failed by themselves to establish technology transfer activities successfully because of governmental short sightedness, lack of producer commitment and transferor-producer arm’s length relations. Over time, interaction among producers and producer cooperatives (recipients), universities (transferors) and intermediaries created a “technology transfer system”. The creation and professionalization of the cooperatives and intermediaries were key events allowing for creating a functioning technology transfer system. The evolution of the system was largely determined by the types of problems the main actors formulated and acted upon. Major problem diversified from being technology-related, to customer, market and distribution oriented. A main organizing principle of both solving and formulating these problems consisted of projects, which means the evolution can be characterized by sequences of projects addressing specific and changing problems over time. The cases are in in line with evolutionary theorizing and the paper concludes with general lessons for technology transfer from an evolutionary perspective.

  • 18.
    Laurell, Hélène
    et al.
    Högskolan i Halmstad, Akademin för ekonomi, teknik och naturvetenskap, Centrum för innovations-, entreprenörskaps- och lärandeforskning (CIEL), Centre for International Marketing and Entrepreneurship Research (CIMER).
    Holmén, Magnus
    Högskolan i Halmstad, Akademin för ekonomi, teknik och naturvetenskap, Centrum för innovations-, entreprenörskaps- och lärandeforskning (CIEL).
    Internationalization through business model innovation in the medical technology sector2017Ingår i: Proceedings of the 43rd Annual Conference of the European International Business Academy: International Businessin the Information Age / [ed] Lucia Piscitello & Stefano Elia, 2017, s. 59-59Konferensbidrag (Refereegranskat)
  • 19.
    Mokhlesian, Shahin
    et al.
    Chalmers University of Technology, Gothenburg, Sweden.
    Holmén, Magnus
    Chalmers University of Technology, Gothenburg, Sweden.
    Business model changes and green construction processes2012Ingår i: Construction Management and Economics, ISSN 0144-6193, E-ISSN 1466-433X, Vol. 30, nr 9, s. 761-775Artikel i tidskrift (Refereegranskat)
    Abstract [en]

    Green construction or sustainable construction differs from traditional construction in terms of the materials and processes used. To profit from green construction, firms may need to change their business models, including their offers, activities, networks and revenue models. However there is no explicit study on what changes are required or common in construction companies' business models when they are involved in green construction projects. To systematize prior research a literature review identified changes in business model elements. The results showed that (1) most business model elements can change in a non-trivial manner as a consequence of green construction; (2) value configuration, cost structure, partner networks and capability are the elements emphasized in literature and are expected to be the most difficult and important to change; and (3) to be successful, firms may need to simultaneously change the business model elements of capability, value configuration and partner network on the one hand, and value proposition, cost structure and capability on the other hand. © 2012 Copyright Taylor and Francis Group, LLC.

  • 20.
    Saemundsson, Johann Rögnvaldur
    et al.
    University of Iceland, Reykjavík, Iceland.
    Holmén, Magnus
    Högskolan i Halmstad, Akademin för ekonomi, teknik och naturvetenskap, Centrum för innovations-, entreprenörskaps- och lärandeforskning (CIEL).
    Who Becomes an Entrepreneur?: How Changes In Activity Systems Affect Entrepreneurial Action2015Konferensbidrag (Refereegranskat)
    Abstract [en]

    Entrepreneurs create and appropriate value by designing a system of interconnected and interdependent activities that determine how they do business. These activity systems span beyond the individual firm and compose complex interconnected ecosystems. Current research focuses on how entrepreneurs design new activity systems but do not focus on how these changes create new entrepreneurial opportunities and for whom. In this paper we ask why some people but not others pursue entrepreneurial opportunities following changes in an activity system. Based on Lachmann’s theory of capital we develop a theoretical framework for analyzing how changes in the structure of activities affect the knowledge required to pursue subsequent entrepreneurial opportunities. © 2015 Academy of Management. All rights reserved.

  • 21.
    Saemundsson, Rögnvaldur
    et al.
    University of Iceland, Reykjavík, Iceland.
    Holmén, Magnus
    Högskolan i Halmstad, Akademin för ekonomi, teknik och naturvetenskap, Centrum för innovations-, entreprenörskaps- och lärandeforskning (CIEL).
    The endogenous nature of entrepreneurship: How capital structure changes influence who identify and exploit entrepreneurial opportunities2015Ingår i: Australian Centre for Entrepreneurship (ACE) Research Exchange Conference 2015: 3 – 6 February, Adelaide, Australia, 2015, s. 26-26Konferensbidrag (Refereegranskat)
    Abstract [en]

    Entrepreneurs create and appropriate value by designing a system of interconnected and interdependent activities that determine how they do business. These activity systems span beyond the individual firm and compose complex interconnected ecosystems. Current research focuses on how entrepreneurs design new activity systems but do not focus on how these changes create new entrepreneurial opportunities and for whom. In this paper we ask why some people but not others identify and exploit entrepreneurial opportunities following changes in an activity system. Based on Lachmann’s theory of capital we develop a theoretical framework for analyzing how changes in the structure of activities in terms of knowledge substitution affect the knowledge required to identify and exploit opportunities by focusing on the role of complementarities and multiple specificities of capital resources. The results have implications for our understanding of the endogenous nature of entrepreneurship and the coevolution of business model innovation and innovation ecosystems.

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