Research On The Impact Of Entrepreneurial Resources And Business Model Innovation On New Venture Performance

With the progress of technology and the development of Internet technology,coupled with the country's policy support for innovation and entrepreneurship,the market has spawned a number of new ventures.New ventures play a crucial role in increasing employment opportunities,driving economic development,and promoting scientific and technological progress,and have gradually become a major component of innovation and entrepreneurship.However,due to the obvious new weaknesses of new ventures,this will cause new ventures to face higher entrepreneurial risks and make them difficult to launch entrepreneurial activities smoothly.The crucial indicator for measuring the success or failure of a new venture is usually the performance of the new venture.Therefore,it is important to study the driving factors and the path of the performance of the new venture.The academic community widely recognizes the role of resources owned by new ventures in entrepreneurial performance,and many achievements have been made in the research on the relationship between the two.But there is no consensus on the research conclusions.The main reason is the mechanism between resources and performance of start-up needs further research.On the basis of absorbing the important achievement on entrepreneurial resources and new venture performance,this paper introduces business model innovation.This paper includes three parts:the theoretical analysis part,the data collection and analysis part,and the results discussion part.Theoretical analysis part:Chapter 1,it presents the research background and the research status,explores the meaning of this article based on the lack of existing research,and puts forward research questions.Chapter 2,based on the Resource-Base and Resource-Bricolage Theory,Economic Rent Theory,and Competitive Advantage Theory,and after combing the literature on core variables,it defines the internal meaning and division of dimensions of each variable.The article divides entrepreneurial resources into six dimensions.Treat business model innovation as a single-dimensional variable;The performance of new venture includes financial performance and growth performance.Chapter 3,it based on the foregoing,puts forward hypotheses related to entrepreneurial resources,business model innovation,and new venture performance,and builds the theoretical model of this article.Data collection and analysis part:Chapter 4,sample data of empirical research are gathered by means of the questionnaire research in this paper.This part explains in detail how to measure core variables and introduces statistical analysis methods.Chapter 5,it describes and counts the basic information of samples and variables,tests the reliability and internal consistency of the scale;Then,it uses SEM to verify the direct effect hypothesis,and uses the Bootstrap method to test the significance of the mediating role.Result discussion part(Chapter 6):this part shows and discusses the conclusion,puts forward the shortcomings,and prospects for future academic study.Empirical research shows the following conclusions:First,financial,human,management,technology,and information resources are obviously positive correlation related to the performance of new ventures,while the relationship between policy resources and new venture performance has not reached a significant level;Second,the data results show financial,human,information,management,and policy resources can positively affect business model innovation,while the direct impact of technology resources on business model innovation is not significant;Third,business model innovation is obviously positive correlation related to the performance of new ventures;Fourth,business model innovation can enhance the performance of new ventures by integrating and using in new way entrepreneurial resources.The academic research directions for the future include:broadening the scope of sample collection,combining survey questionnaires with case studies,adopting vertical research methods for tracking new venture.The research broadens the research scope of business model innovation and entrepreneurial resources,and enriches the academic research on the path of entrepreneurial resources to the performance of new ventures.In practice,new venture should be guided to change their thinking and make efficient use of entrepreneurial resources for business model innovation,so as to provide a theoretical basis for improving the performance of new venture.