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A Study on the Impact Mechanism of Value Network on the Business Model Innovation of New enterprises

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DOI: 10.25236/ICSM.2019.059

Author(s)

Liming Zhang, Xuewu Chen, Gang Xiao and Guichuan Zhou

Corresponding Author

Guichuan Zhou

Abstract

Under the background of “Mass Entrepreneurship, Mass Innovation”, the national innovation and entrepreneurship activities have emerged. As the main body of entrepreneurial activities, compared with existing enterprises, new enterprises lack advantages of technology and capital, and they need to break through the market dilemma through business model innovation. The value network that new enterprises are located in and the learning process of constantly participating in social innovation and entrepreneurship activities greatly affect their business model innovation. Therefore, after explaining the relevant concepts and theoretical basis of value network, innovation and entrepreneurship learning and new enterprises business model innovation, this paper proposes a conceptual model of the relationship among the value network, innovation and entrepreneurship learning and new enterprises business model innovation, and puts forward some theoretical hypotheses, which are verified by the statistical analysis of questionnaires, and finally obtains the research conclusions: the breadth and strength of the connection of the value network can significantly enhance new enterprises business model innovation; innovation and entrepreneurship learning plays a partial mediation role in the relationship between value network and business model innovation of new enterprises, that is to say that the breadth and strength of the connection of the value network, in which the new enterprises are located, can help them acquire more knowledge and experience of innovation and entrepreneurship by strengthening the development of innovation and entrepreneurship learning activities, and further promote the business model innovation of the new enterprises.

Keywords

Value network; Innovation entrepreneurship learning; Business model innovation; New enterprises