Potential future research agenda
| BMT framework | Potential future research questions | |
|---|---|---|
| Business model innovation |
| |
| Internal antecedents | Dynamic capabilities |
|
| Entrepreneurial orientation |
| |
| Resilience |
| |
| Strategy |
| |
| External antecedents | Sustainability |
|
| Internationalization |
| |
| Digitalization |
| |
| Entrepreneurial ecosystem |
| |
| BMT framework | Potential future research questions | |
|---|---|---|
| Business model innovation | How does BM reconfiguration affect firm performance of small businesses in differing sectors, sizes, geographical contexts, and stages of lifecycle? How can resource boundaries in small businesses be incorporated into the BMR framework? | |
| Internal antecedents | Dynamic capabilities | Which different types of dynamic capabilities enable successful BMTs for small businesses? How do dynamic capabilities affect firm performance of small businesses? |
| Entrepreneurial orientation | How can incremental modifications of entrepreneurial orientation facilitate BMT? How and to what extent do entrepreneurial orientation and dynamic capabilities influence the firm performance of small businesses? | |
| Resilience | How does resilience support entrepreneurs and small businesses in different sectors? How does resilience of small businesses differ in evolving and rapidly changing business environments? | |
| Strategy | How can small businesses adapt their strategy effectively in evolving and rapidly changing business environments (e.g. exogenous shocks)? | |
| External antecedents | Sustainability | How can entrepreneurs of small businesses adapt BMs in an evolving sustainable business environment to implement SBMs? How do small businesses reconfigure their BMs under environmental uncertainty? |
| Internationalization | How does internationalization affect BMTs of small businesses in differing geographical contexts and sectors? How do family firms differ in the transition to international BMs? | |
| Digitalization | How can digital BMs be adapted among small businesses in different regions and lifecycle stages (e.g. established small businesses)? How can small businesses incorporate the evolution of digital transformation with dynamic capabilities to achieve successful BMT? | |
| Entrepreneurial ecosystem | How do small businesses engage in entrepreneurial ecosystems to change their BMs incrementally? How do small businesses effectively manage their relationships with external stakeholders for positive impacts on firm performance? | |
Source(s): Authors’ own creation
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