Proceedings of the 17 th International Symposium on Management (INSYMA 2020)

Relationship Network and Business Model Innovation of Start-Up Companies in the Context of Industrial Revolution 4.0: An Evidence from Vietnam

Authors
T. N. Ghi, N. T. P. Anh, N. Q. Thu., N. Q. Huan
Corresponding Author
T. N. Ghi
Available Online 31 January 2020.
DOI
https://doi.org/10.2991/aebmr.k.200127.033How to use a DOI?
Keywords
Relationship network, business model innovation, start-up companies
Abstract
In the starting phase, despite incentives of government support policies and related entities’ supports, startup companies face many difficulties in accessing external information and resources to innovate current business models. The role of management resources in building relationship networks to promote business model innovation (BMI) is a popular topic but has not been tested in transition markets and the context of Industry 4.0. This study was conducted by applying the Partial Least Squares method (PLS-SEM) to examine relationship networks and BMI of startup companies in Vietnam. The research results showed that relationship with government officials positively influences BMI’s components; social relations positively affect value proposition innovation; relationship with business partners positively influences value creation innovation and value proposition innovation. Relationship network and BMI are essential for startup companies to respond to environmental changes. The research results also provide useful information for startup support organizations in connecting and consulting effective business models for startup companies.
Open Access
This is an open access article distributed under the CC BY-NC license.

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Volume Title
Proceedings of the 17 th International Symposium on Management (INSYMA 2020)
Series
Advances in Economics, Business and Management Research
Publication Date
31 January 2020
ISBN
978-94-6252-892-5
ISSN
2352-5428
DOI
https://doi.org/10.2991/aebmr.k.200127.033How to use a DOI?
Open Access
This is an open access article distributed under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - T. N. Ghi
AU  - N. T. P. Anh
AU  - N. Q. Thu.
AU  - N. Q. Huan
PY  - 2020
DA  - 2020/01/31
TI  - Relationship Network and Business Model Innovation of Start-Up Companies in the Context of Industrial Revolution 4.0: An Evidence from Vietnam
BT  - Proceedings of the 17 th International Symposium on Management (INSYMA 2020)
PB  - Atlantis Press
SP  - 162
EP  - 166
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.200127.033
DO  - https://doi.org/10.2991/aebmr.k.200127.033
ID  - Ghi2020
ER  -