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| Learning from Failure and Business Model Innovation |
| Zhou Xue,Li Xianglong,Meng Xiaona |
| (School of Business, Qingdao University, Qingdao 266062, China) |
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Abstract From the perspective of integration of opportunity and resource, this paper explored the way of learning from failure to promote business model innovation in the context of entrepreneurship.Based on the theory of entrepreneurial opportunity and resource dependence theory, dynamic capability has been introduced as an intermediary mechanism and the theoretical model of learning from failure affecting business model innovation has been constructed.The paper made statistical analysis with 201 entrepreneurs′ questionnaires, the following conclusions was drawn: learning from failure significantly promotes business model innovation; entrepreneurial dynamic capability plays a partial mediation role between the relationship of learning from failure and business model innovation; environmental dynamics cannot regulate the relationship between entrepreneurial dynamic capability and business model innovation.
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Received: 02 July 2019
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