UPSI Digital Repository (UDRep)
|
UPSI Digital Repository (UDRep)
|
|
|
|
||||||||||||||||||||||||||||
| Abstract : Universiti Pendidikan Sultan Idris |
| Business model innovation is crucial for enhancing company performance. This study aims to investigate the relationship between the six dimensions of sustainable business model innovation and company performance among Chinese electric vehicle brands. A structural equation model is constructed based on a comprehensive literature review and hypothesis development. Using PLS-SEM, this study empirically analyzes questionnaire data collected from the top 12 electric vehicle brands in China to explore the relationship between these six core dimensions and company performance. The results indicate that innovation in “value proposition to customers”, value creation, value delivery, and “value of residual” have a significantly positive impact on the performance of Chinese electric vehicle brands. However, value capture innovation and “value of after-sales service” innovation were not found to be statistically significant. This paper provides an in-depth analysis of the mechanism through which sustainable business model innovation impacts company performance, enriching the theoretical foundation of academic research in this field and broadening its practical applications in management. © 2024 by the authors. |
| References |
Li, Z.; Liang, F.; Cheng, M. Research on the Impact of High-End Ev Sales Business Model on Brand Competitiveness. Sustainability 2021, 13, 14045. Kley, F.; Lerch, C.; Dallinger, D. New Business Models for Electric Cars—A Holistic Approach. Energy Policy 2011, 39, 3392–3403. eMobility—In-Depth Market Insights & Data Analysis. Available online: https://www.statista.com/study/49240/emobility---market-insights-and-data-analysis/ (accessed on 9 February 2023). Teece, D.J. Business Models, Business Strategy and Innovation. Long Range Plan. 2010, 43, 172–194. Foss, N.J.; Saebi, T. Fifteen Years of Research on Business Model Innovation: How Far Have We Come, and Where Should We Go? J. Manag. 2017, 43, 200–227. Pan, L.; Xu, Z.; Skare, M. Sustainable Business Model Innovation Literature: A Bibliometrics Analysis. Rev. Manag. Sci. 2023, 17, 757–785. Minatogawa, V.; Franco, M.; Rampasso, I.S.; Holgado, M.; Garrido, D.; Pinto, H.; Quadros, R. Towards Systematic Sustainable Business Model Innovation: What Can We Learn from Business Model Innovation. Sustainability 2022, 14, 2939. Böckin, D.; Goffetti, G.; Baumann, H.; Tillman, A.-M.; Zobel, T. Business Model Life Cycle Assessment: A Method for Analysing the Environmental Performance of Business. Sustain. Prod. Consum. 2022, 32, 112–124. Haftor, D.M.; Costa, R.C. Five Dimensions of Business Model Innovation: A Multi-Case Exploration of Industrial Incumbent Firm’s Business Model Transformations. J. Bus. Res. 2023, 154, 113352. Osterwalder, A.; Pigneur, Y.; Tucci, C.L. Clarifying Business Models: Origins, Present, and Future of the Concept. Commun. Assoc. Inf. Syst. 2005, 16, 1–25. Costa Climent, R.; Haftor, D.M. Value Creation through the Evolution of Business Model Themes. J. Bus. Res. 2021, 122, 353–361. Vatankhah, S.; Bamshad, V.; Altinay, L.; De Vita, G. Understanding Business Model Development through the Lens of Complexity Theory: Enablers and Barriers. J. Bus. Res. 2023, 155, 113350. Seidenstricker, S.; Scheuerle, S.; Linder, C. Business Model Prototyping—Using the Morphological Analysis to Develop New Business Models. Procedia—Soc. Behav. Sci. 2014, 148, 102–109. Zott, C.; Amit, R.; Massa, L. The Business Model: Recent Developments and Future Research. J. Manag. 2011, 37, 1019–1042. Timmers, P. Business Models for Electronic Markets. Elec. Mark. 1998, 8, 3–8. Richardson, J. The Business Model: An Integrative Framework for Strategy Execution. Strateg. Chang. 2008, 17, 133–144. Åström, J.; Reim, W.; Parida, V. Value Creation and Value Capture for AI Business Model Innovation: A Three-Phase Process Framework. Rev. Manag. Sci. 2022, 16, 2111–2133. Wirtz, B.W.; Pistoia, A.; Ullrich, S.; Göttel, V. Business Models: Origin, Development and Future Research Perspectives. Long Range Plan. 2016, 49, 36–54. Magretta, J. Why Business Models Matter; Harvard Business School: Boston, MA, USA, 2002. Böttcher, T.P.; Empelmann, S.; Weking, J.; Hein, A.; Krcmar, H. Digital Sustainable Business Models: Using Digital Technology to Integrate Ecological Sustainability into the Core of Business Models. Inf. Syst. J. 2024, 34, 736–761. Geissdoerfer, M.; Vladimirova, D.; Evans, S. Sustainable Business Model Innovation: A Review. J. Clean. Prod. 2018, 198, 401–416. Ritter, M.; Schanz, H. The Sharing Economy: A Comprehensive Business Model Framework. J. Clean. Prod. 2019, 213, 320–331. Joyce, A.; Paquin, R.L. The Triple Layered Business Model Canvas: A Tool to Design More Sustainable Business Models. J. Clean. Prod. 2016, 135, 1474–1486. Pollard, J.; Osmani, M.; Grubnic, S.; Díaz, A.I.; Grobe, K.; Kaba, A.; Ünlüer, Ö.; Panchal, R. Implementing a Circular Economy Business Model Canvas in the Electrical and Electronic Manufacturing Sector: A Case Study Approach. Sustain. Prod. Consum. 2023, 36, 17–31. |
| This material may be protected under Copyright Act which governs the making of photocopies or reproductions of copyrighted materials. You may use the digitized material for private study, scholarship, or research. |