Title: Managing business model creation process: Kirznerian entrepreneurship and the role of organisation in cases of a Japanese company

Authors: Masamichi Ishii; Kanji Ueda; Hideaki Takeda; Takeshi Takenaka; Nariaki Nishino; Akihiko Utahara

Addresses: Nagoya University of Commerce and Business, 4-4 Sagamine Komenoki-cho, Nisshin-shi, Aichi 470-0193, Japan ' The University of Tokyo, Research Complex 5F, Kashiwa Campus, Kashiwanoha 5-1-5, Kashiwa, Chiba, 277-8568, Japan ' National Institute of Informatics, 2-1-2 Hitotsubashi, Chiyoda-ku, Tokyo 101-8430, Japan ' The National Institute of Advanced Industrial Science and Technology, 2-41-6 Oume, Koto-ku, Tokyo 135-0064, Japan ' The University of Tokyo, 7-3-1 Hongo, Bunkyo-ku, Tokyo 113-8656, Japan ' Sumitomo Corporation, 300 Madison Ave., New York, NY 10017, USA

Abstract: This research has explored the creation process of new business models and the role of organisation in that process, in order to enhance the knowledge about how to create a new business model effectively. The multiple case-study method was applied to this research. The samples are four new business models which have been developed at a SOGO-SHOSYA, a Japanese company in recent years. We found that the creation process of a new business model is entrepreneurial process in all the cases and that those entrepreneurial activities are conducted based on not the Schumpeterian but the Kirznerian theory. We also found that there are common management practices to encourage Kirznerian entrepreneurship, which led to the creation of the new business models. Based on those findings, we have proposed propositions on how to create a new business model effectively.

Keywords: business models; Kirzner; corporate entrepreneurship; intrapreneurship; Japan; prior knowledge; alertness; innovation; multiple-case study; sogo shosya; general trading companies; entrepreneurs.

DOI: 10.1504/WREMSD.2014.064947

World Review of Entrepreneurship, Management and Sustainable Development, 2014 Vol.10 No.4, pp.465 - 483

Published online: 30 Sep 2014 *

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