Businesses model innovation: a key role in the internationalisation of SMEs in the era of digitalisation

The study investigates the relationship between digital technology (DT) and the degree of internationalisation of small- and medium-sized enterprises (SMEs). The theoretical model is further extended by reviewing the mediating effects of business model innovation (BMI). The study employed partial le...

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Bibliographic Details
Published in:Journal of innovation and entrepreneurship 2024-12, Vol.13 (1), p.48-18, Article 48
Main Authors: Dung, Luu Tien, Dung, Tran Thi Hoang
Format: Article
Language:English
Subjects:
Business and Management
Business model innovation
Business models
Digital technology
Economic Geography
Economic Policy
Entrepreneurship
Globalization
Innovations
Internationalisation
Small & medium sized enterprises-SME
SMEs
Structural equation modeling
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Summary:The study investigates the relationship between digital technology (DT) and the degree of internationalisation of small- and medium-sized enterprises (SMEs). The theoretical model is further extended by reviewing the mediating effects of business model innovation (BMI). The study employed partial least squares structural equation modelling (PLS-SEM) to test the hypotheses based on the cross-sectional data from 495 SMEs in Vietnam. The findings provide a novel perspective on the vital role of DT in BMI. However, DT poses challenges for SMEs in the degree of the internationalisation process. This study combines the internationalisation theory, particularly the Uppsala model and the resource-based view to examine the impact of DT on the internationalisation of SMEs through the mediating role of BMI.
ISSN:2192-5372
2192-5372
DOI:10.1186/s13731-024-00391-7