The effect of business failure on innovation with the mediation of coopetition and moderation of managerial stability and stagnant financial resources
Subject Areas :
Soheila Shamsadini
1
*
,
Mohammad Khajealijani
2
1 - Department of Business Management , ST.C., Islamic Azad University, Tehran, Iran
2 - Department of Management , ST.C., Islamic Azad University, Tehran, Iran
Keywords: Business failure, innovation, coopetition, management stability, stagnant financial resources,
Abstract :
Uncertainty is a key part of business activities today, and for this reason, the entrepreneurship literature shows that the experience of failure is a key part of the entrepreneurial process. Business failure, often defined as the cessation of an investment due to its inability to achieve a minimum threshold of performance and economic viability, involves a mixed entrepreneurial process of costs and benefits. In this context, little is known about the mechanisms through which the experience of business failure can affect the innovation of B2B business models of SMEs. Hence, this study investigates how and when the experience of previous failure can affect the innovation of subsequent business models of SMEs (B2B) in Lia Industrial City of Qazvin. The present study is an applied, descriptive-survey research of correlational type in terms of its purpose and in terms of its data collection method. The statistical population of the study included 311 management levels and experts of small and medium-sized B2B companies in Qazvin's Lia Industrial City, with a sample size of 172 people selected and assessed with an adapted questionnaire whose validity and reliability were confirmed. Descriptive statistics and SPSS 24 software were used to analyze demographic data and extract central indicators, and structural equation modeling and Smart PLS3 software were used to analyze inferential statistics. The findings of this study show that failure experience has a positive effect on business model innovation and that co-competition plays a mediating role in failure experience. Also, high levels of stagnant financial resources strengthen the positive relationship between co-competition and business model innovation, while the effect of managerial stability on failure experience and the co-competition relationship has not been confirmed. Finally, some suggestions have been made.
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