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Changing the sails to survive the storm: Strategies that foster international business model innovation during a crisis

2024-10-21Journal article Open access
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datacite.subject.fosCiências Sociais
datacite.subject.sdg08:Trabalho Digno e Crescimento Económico
datacite.subject.sdg12:Produção e Consumo Sustentáveis
dc.contributor.authorCrespo, Nuno Fernandes
dc.contributor.authorCrespo, Cátia Fernandes
dc.contributor.authorSilva, Graça
dc.contributor.authorBarros, Beatriz
dc.date.accessioned2025-12-04T10:14:00Z
dc.date.available2025-12-04T10:14:00Z
dc.date.issued2024-10-21
dc.descriptionArticle number - 100584
dc.description.abstractPersisting global crises, such as COVID-19, pose significant challenges for international companies. The increase in uncertainty and instability in foreign markets has profoundly affected firms’ strategic decisions, forcing them to adapt to dynamic conditions in order to maintain or improve their international performance. Grounded in the dynamic capabilities view, this study examines how exploration and exploitation strategies drive international business model innovation, ultimately affecting international performance and expectations concerning crisis survival during the COVID-19 crisis. Utilizing survey data from 1455 internationalized companies, we use structural equation modeling to test our hypotheses. The results show that, although both exploration and exploitation strategies foster international business model innovation, exploration has a stronger effect than exploitation. The results further emphasize that international business model innovation has a positive impact not only on the expectation of crisis survival but also on the international performance.eng
dc.description.sponsorshipFunding text We gratefully acknowledge the financial support from FCT (Funda\u00E7\u00E3o para a Ci\u00EAncia e Tecnologia \u2013 Portugal) under projects UIDB/SOC/04521/2020 and UIDB/04928/2020.
dc.identifier.citationCrespo, N. F., Crespo, C. F., Silva, G., & Barros, B. (2024). Changing the sails to survive the storm: Strategies that foster international business model innovation during a crisis. Journal of Innovation & Knowledge, 9(4), 100584.
dc.identifier.doi10.1016/j.jik.2024.100584
dc.identifier.issn2444-569X
dc.identifier.urihttp://hdl.handle.net/10400.8/14839
dc.language.isoeng
dc.peerreviewedyes
dc.publisherElsevier
dc.relationCentre of Applied Research in Management and Economics
dc.relation.hasversionhttps://www.sciencedirect.com/science/article/pii/S2444569X24001239
dc.relation.ispartofJournal of Innovation & Knowledge
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/
dc.subjectCrisis
dc.subjectInternational business model innovation
dc.subjectExploitation
dc.subjectExploration
dc.subjectInternational performance
dc.titleChanging the sails to survive the storm: Strategies that foster international business model innovation during a crisiseng
dc.typejournal article
dspace.entity.typePublication
oaire.awardTitleCentre of Applied Research in Management and Economics
oaire.awardURIinfo:eu-repo/grantAgreement/FCT/6817 - DCRRNI ID/UIDB%2F04928%2F2020/PT
oaire.citation.issue4
oaire.citation.titleJournal of Innovation & Knowledge
oaire.citation.volume9
oaire.fundingStream6817 - DCRRNI ID
oaire.versionhttp://purl.org/coar/version/c_970fb48d4fbd8a85
person.familyNameCrespo
person.givenNameCátia Fernandes
person.identifier.ciencia-id0615-6420-EC94
person.identifier.orcid0000-0003-2886-7370
person.identifier.scopus-author-id56072058400
project.funder.identifierhttp://doi.org/10.13039/501100001871
project.funder.nameFundação para a Ciência e a Tecnologia
relation.isAuthorOfPublication99788e3e-3e04-4f90-a511-7ee6c6f2dd78
relation.isAuthorOfPublication.latestForDiscovery99788e3e-3e04-4f90-a511-7ee6c6f2dd78
relation.isProjectOfPublication4c5aa29d-4b03-4713-8f40-08b3bbfd88d7
relation.isProjectOfPublication.latestForDiscovery4c5aa29d-4b03-4713-8f40-08b3bbfd88d7

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