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6 - Small- and Medium-Sized Enterprises and Start-Up Business Models

Published online by Cambridge University Press:  02 May 2024

Chander Velu
Chander Velu
Affiliation:
University of Cambridge
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Summary

What are the business model challenges for small- and medium-sized enterprises (SMEs) and start-up firms trying to commercialise new technologies? This chapter explores the challenges of SMEs, which are part of major supply chains, to innovate their business model and improve performance. In addition, it explores the process that entrepreneurs go through when developing new business models as part of commercialising new technologies such as spin-outs from university labs. In particular, the chapter examines the challenge that start-up firms face when designing new business models to help create markets and subsequently evolve the business model into a profitable proposition.

Type
Chapter
Information
Business Model Innovation
A Blueprint for Strategic Change
 , pp. 138 - 164
Publisher: Cambridge University Press
Print publication year: 2024

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