{"title":"Business model novelty and small firm innovativeness: the relationship with need for closure and creative self-efficacy","authors":"","doi":"10.1007/s11365-023-00943-5","DOIUrl":null,"url":null,"abstract":"<h3>Abstract</h3> <p>The purpose of this paper is to examine the relationship between the need for closure and creative self-efficacy, two dynamic cognitive mechanisms, in conjunction with the impact of business model novelty on the ability of small firms to innovate. The driving premise is that both need for closure and creative self-efficacy enable entrepreneurs to effectively operate in the myriad complex opportunities and challenges that are encountered through the development of novel business models that may enhance firm innovativeness. Utilizing hierarchical regression on a sample of 212 respondents, we find that the adoption of a novelty-centered business model, creative self-efficacy, and a need for cognitive closure are all associated with firm innovativeness. The results further show that a novelty-centered business model fully mediates the relationship between need for closure and small firm innovativeness and partially the relationship between creative self-efficacy and small firm innovativeness. Implications and future research directions are also discussed.</p>","PeriodicalId":48058,"journal":{"name":"International Entrepreneurship and Management Journal","volume":null,"pages":null},"PeriodicalIF":6.2000,"publicationDate":"2024-01-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"International Entrepreneurship and Management Journal","FirstCategoryId":"91","ListUrlMain":"https://doi.org/10.1007/s11365-023-00943-5","RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"BUSINESS","Score":null,"Total":0}
引用次数: 0
Abstract
The purpose of this paper is to examine the relationship between the need for closure and creative self-efficacy, two dynamic cognitive mechanisms, in conjunction with the impact of business model novelty on the ability of small firms to innovate. The driving premise is that both need for closure and creative self-efficacy enable entrepreneurs to effectively operate in the myriad complex opportunities and challenges that are encountered through the development of novel business models that may enhance firm innovativeness. Utilizing hierarchical regression on a sample of 212 respondents, we find that the adoption of a novelty-centered business model, creative self-efficacy, and a need for cognitive closure are all associated with firm innovativeness. The results further show that a novelty-centered business model fully mediates the relationship between need for closure and small firm innovativeness and partially the relationship between creative self-efficacy and small firm innovativeness. Implications and future research directions are also discussed.
期刊介绍：
The International Entrepreneurship and Management Journal (IEMJ) publishes high quality manuscripts dealing with entrepreneurship, broadly defined, and the management of entrepreneurial organizations. The journal will expand the study of entrepreneurship and management by publishing innovative articles based on different perspectives using a variety of methodological approaches and showing the practical implications of the research for its readership. IEMJ is unique; providing a multi-disciplinary forum for researchers, scholars, consultants, entrepreneurs, businessmen, managers and practitioners in the field of entrepreneurship. The journal covers the relationship between management and entrepreneurship including both conceptual and empirical papers, leading to an improvement in the understanding of international entrepreneurial perspectives of the organisations concerned. Entrepreneurial studies are important in creating new economic activity that in turn increases innovation, employment, economic wealth and growth. The journal focuses on the diverse and complex characteristics of entrepreneurship in SMEs and large companies in local, regional, national or international markets that lead to competitiveness in the face of the effects of globalization. Though preference will be given to manuscripts that are international in scope, papers focused on domestic contexts and issues are welcome also, in order to facilitate the sharing of knowledge and potential generalizability of findings worldwide. IEMJ will publish original papers which contribute to the advancement of the field of entrepreneurship and the interface between management and entrepreneurship, as well as articles on business corporate strategy and government economic policy. On occasions, the journal will also feature case studies of successful firms or other cases having important practical implications. The journal places great emphasis on the quality of the papers it publishes. Submission of a paper will imply that it contains original unpublished work and is not being submitted for publication elsewhere. Officially cited as: Int Entrep Manag J
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