Kabous, Laila
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Kabous, Laila
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- PublikationEffectuation in practice. How is it embedded in innovation-driven start-ups?(Academic conferences international limited, 2022) Hinz, Andreas; Philippi, Stefan; Kabous, Laila; Sklias, Pantelis; Apostolopoulos, Nikolaos [in: Proceedings of the 17th European conference on innovation and entrepreneurship]Effectuation suggests that entrepreneurs decide which goals to pursue based on available means. Instead of following rigid plans and acquiring means as is the case with causation, they get to work immediately with available means and exploit arising opportunities. Various research directions of effectuation are discussed in the literature and this work-in-progress paper focuses on effectual behaviours. Drawing on the extant literature, typical behaviours relate to forming partnerships, exploiting contingencies, using experimentation and defining affordable loss. These behaviours appear to be relevant for innovation-driven entrepreneurs and this work seeks to examine how they are embedded in Swiss start-ups. To gain insights, semi-structured interviews will be conducted with entrepreneurs participating in an innovation competition in Switzerland.04B - Beitrag Konferenzschrift
- PublikationLinking effectuation logic with business model innovation in the context of Swiss start-ups(Academic Conferences International Limited, 2022) Kabous, Laila; Hinz, Andreas; Philippi, Stefan; Sklias, Pantelis; Apostolopoulos, Nikolaos [in: Proceedings of the 17th European conference on innovation and entrepreneurship]Effectuation and business model innovation (BMI) are research topics that are frequently discussed in the literature. While effectuation describes the effectual behaviour for founding a start-up with an emphasis on using currently available means, BMI is considered a way of creating a business model with long-term competitive advantages. Both approaches are valuable for start-ups pursuing growth in an uncertain environment. This work-in-progress paper presents insights from the reviewed extant literature. Further research will investigate effectuation and its enabling impact in designing innovative business models in the context of Swiss start-ups.04B - Beitrag Konferenzschrift
- PublikationHow Swiss start-ups deal with business model innovation(Academic conferences international limited, 2022) Philippi, Stefan; Hinz, Andreas; Kabous, Laila; Sklias, Pantelis; Apostolopoulos, Nikolaos [in: Proceedings of the 17th European conference on innovation and entrepreneurship]The term business model innovation refers to the introduction of innovations that differ from state-of-the-art business models in the same field. Current research indicates that business model innovations are more resilient (e.g. to imitation) overall and more successful in the long term compared to traditional types of innovation (e.g. product innovations). Working on business model innovation, therefore, can provide valuable insights, particularly for start-ups looking to grow and scale up under conditions of extreme uncertainty. Business model innovation involves the innovation of two of four core elements of a business model: customer, value proposition, value chain and revenue mechanism. A business model can be described using these four elements in a sophisticated and comprehensive manner. Moreover, these elements help us to determine whether a business model innovation exists. However, do start-ups really use the advantages of business model innovation and to what extent? This research paper addresses this issue and examines the role business model innovation plays for start-ups as well as how it has been implemented. To gain these insights, we examine the business plans of 24 finalists of a Swiss innovation competition in 2021 in a multi-stage process. We systematically reviewed and analysed business plans individually using pre-defined innovation criteria for each of these four elements of a business model. The individual analysis allows a robust assessment to be able to make a comprehensible classification. On reviewing the results, we were surprised by how many of the analysed start-ups are pursuing business model innovations, and that they often innovate more than two elements of their business models. According to our findings, start-ups nowadays deal with business model innovation more often than they did in previous research studies. We can also show that business model innovations are often more complex than they were in the past.04B - Beitrag Konferenzschrift