Keywords
SMEs
Dynamic Business Modelling
Resilience
Crisis
How to Cite
Accepted 2024-01-18
Published 2024-04-15
Abstract
Purpose. The work proposes Dynamic Business Modeling (DBM) to support small and medium enterprises (SMEs) in implementing business model innovation (BMI) to increase their resilience during crises.
Design/methodology/approach. Drawing on System Dynamics and secondary data case studies, DBM is investigated as a way to make changes to business model elements and architecture in response to changing conditions.
Findings. The case-based analysis shows how DBM can help SMEs overcome BMI barriers during crises by enhancing the understanding of the interdependence between financial and non-financial factors.
Practical and social implications. The work shows how DBM can speed up BMI in SMEs, contributing to the scientific discussion by proposing a systemic methodological solution for SMEs to overcome BMI barriers.
Originality of the study. The work offers a qualitative perspective of DBM for SMEs coping with crises through BMI. It serves as groundwork for future applied research on SMEs’ BMI.
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Copyright (c) 2024 Marcantonio Ruisi, Federico Cosenz, Rodolfo Damiano