Technology transfer fosters entrepreneurial orientation and sustainable business model innovation in small and medium-sized enterprises.
Authors
Diana Korayim, Alfaisal Center for Research and Consultancy Studies, Alfaisal University, Riyadh, Saudi Arabia
Aqueeb Sohail Shaik, Jindal Global Business School, O.P. Jindal Global University, Sonipat, India and Department of Strategy, Indian Institute of Management Sambalpur, Sambalpur, India
Reeti Agarwal, Department of Marketing, Jaipuria Institute of Management, Lucknow, India
Shivinder Nijjer, Chitkara Business School, Chitkara University, Rajpura, India
Pasquale Sasso, Department of Management, Polytechnic University of Marche, Ancona, Italy; Department of Management and Economics, Pegaso Digital University, Naples, Italy
Summary
Purpose: The purpose of this study is to examine the connections between knowledge-based economies, entrepreneurial orientation (EO), sustainable business model innovation and technology transfer (TT). This study specifically investigates whether TT might foster EO and long-term business model innovation in small and medium-sized enterprises (SMEs). This study focuses on economies that are knowledge-based, where information is viewed as a vital resource for economic growth.
Design/methodology/approach: This study uses structural equation modelling method and a quantitative research strategy to analyse data gathered from 309 SMEs in knowledge-based economies. A survey questionnaire created to examine the relevant factors was used to gather the sample data from PROLIFIC platform using judgemental sampling technique.
Findings: This study’s conclusions point to an association between TT and EO that is favourable, SMEs’ ability to use TT to strengthen their EO and the significance of EO in fostering innovation in SMEs. This study offers empirical proof of the role that TT may play in fostering innovation in sustainable business models and EO in SMEs.
Research limitations/implications: Policymakers, business professionals and academic researchers who are interested in the function of TT in knowledge-based economies will find it to be a helpful source of information. According to this study’s results, TT can assist SMEs in using outside expertise and assets to grow their entrepreneurial capacities, promote innovation and build long-term business strategies. Originality/value: This study provides empirical evidence of the role of TT in fostering innovation within sustainable business models and cultivating EO within SMEs, contributing to the literature on these critical topics.
Published in: Journal of Knowledge Management
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