University of Oulu

Lampela, Hannele; Taipale-Erävala, Kyllikki; Heilmann, Pia (2017) SME business models and competence changes. International Journal of Management, Knowledge and Learning, 6(2), 175–192.

SME business models and competence changes

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Author: Lampela, Hannele1,2; Taipale-Erävala, Kyllikki1; Heilmann, Pia2
Organizations: 1Oulu University, Finland
2Lappeenranta University of Technology, Finland
Format: article
Version: published version
Access: open
Online Access: PDF Full Text (PDF, 0.1 MB)
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Language: English
Published: ToKnowPress, 2017
Publish Date: 2017-12-19


As a result of changes in the local or regional business environment, small and medium-sized enterprises (SMEs) in many industries are facing the need to change their business models radically and seize new business opportunities or fall out of business. Although the important impact of SMEs in economic growth and job creation is well known, current knowledge is rather limited on the effects of competences for changing the business models in SMEs. This paper focuses on the links between SME competence changes and business model innovations in industrial structural changes in the external environment. The findings of a comparative case study of Russian and Finnish SMEs identified the positive attitude to change and activeness in external networking and in seeking new opportunities as enabling competences for business model innovation. The practical implications highlight the competence transformation strategies enabling business model innovation and the effects of different institutional environments.

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Series: International journal of management, knowledge and learning
ISSN: 2232-5107
ISSN-E: 2232-5697
ISSN-L: 2232-5107
Volume: 6
Issue: 2
Pages: 175 - 192
Type of Publication: A1 Journal article – refereed
Field of Science: 512 Business and management
222 Other engineering and technologies
Copyright information: © 2017 The Authors. This paper is published under the terms of the Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0) License (