Building upon the theoretical insights of the literature on organizational routines and "activity system" perspectives on business models, we propose a multi-level theory of business model innovation that explains business model dynamics within established firms, integrating the processes...

Management scholars and practitioners generally agree that the primary functions of a business model are value creation and value capture. However, the meaning (conceptualization) of these terms, their measurement, and the factors and mechanisms affecting them remain contentious. In the current...

Does business planning have any impact on performance of small and medium enterprises (SMEs)? Despite numerous studies in management and entrepreneurship literature, the answer remains contested. We empirically address the stated research question by exploring the composite business planning...