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Business model adaptation in response to an exogenous shock: an empirical analysis of the Portuguese footwear industry

dc.contributor.authorCorbo, Leonardo
dc.contributor.authorPirolo, Luca
dc.contributor.authorRodrigues, Vasco
dc.date.accessioned2018-12-05T17:55:13Z
dc.date.available2018-12-05T17:55:13Z
dc.date.issued2018
dc.description.abstractBusiness models have received increasing attention in both academic and managerial communities. However, little attention has been paid to how business models change in response to extreme events. This topic is of critical importance since failure to achieve adaptation in a timely manner can lead to negative consequences such as a significant decrease in firm value or bankruptcy. This study explores how the business model paradigm of the Portuguese footwear industry changed following China’s entry into the World Trade Organization in 2001. The empirical results suggest that the shock acted as a trigger for change for the Portuguese footwear firms which reflected in the adoption of a new business model characterized by speed and flexibility in the manufacturing process, faster response to customer needs and, in specific cases, in downward integration through the creation of own brands selling directly to final consumers. This result, however, was not the outcome of a sudden change but rather the consequence of a planned adaptation strategy led by a key industry actor that acted as a network orchestrator coordinating the actions of the Portuguese footwear firms. The implications of these findings as well as directions for future research are discussed in the last part of this study.pt_PT
dc.description.versioninfo:eu-repo/semantics/publishedVersionpt_PT
dc.identifier.citationCorbo, L., Pirolo, L, Rodrigues, V. (2018). Business model adaptation in response to an exogenous shock: an empirical analysis of the Portuguese footwear industry. International Journal of Engineering Business Management, 10, 1-12pt_PT
dc.identifier.doi10.1177/1847979018772742pt_PT
dc.identifier.eid85054871966
dc.identifier.issn1847-9790
dc.identifier.urihttp://hdl.handle.net/10400.14/26261
dc.identifier.wos000432527600001
dc.language.isoengpt_PT
dc.peerreviewedyespt_PT
dc.publisherSAGE Publicationspt_PT
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/pt_PT
dc.subjectBusiness modelspt_PT
dc.subjectAdaptationpt_PT
dc.subjectNetwork orchestrationpt_PT
dc.subjectShockspt_PT
dc.subjectFootwear industrypt_PT
dc.titleBusiness model adaptation in response to an exogenous shock: an empirical analysis of the Portuguese footwear industrypt_PT
dc.typejournal article
dspace.entity.typePublication
oaire.citation.endPage12
oaire.citation.startPage1
oaire.citation.titleInternational Journal of Engineering Business Managementpt_PT
oaire.citation.volume10
person.familyNameCorbo
person.familyNameRodrigues
person.givenNameLeonardo
person.givenNameVasco
person.identifier.ciencia-id811D-6035-72D9
person.identifier.ciencia-id0F16-A0B2-47B9
person.identifier.orcid0000-0001-5133-7592
person.identifier.orcid0000-0001-6991-2129
person.identifier.scopus-author-id57192251222
person.identifier.scopus-author-id7101600493
rcaap.rightsopenAccesspt_PT
rcaap.typearticlept_PT
relation.isAuthorOfPublication084ef03f-0b94-4c57-8da0-d0dfbeaf5fb1
relation.isAuthorOfPublicationeaaa6a14-e736-4af9-8028-e1683d8d7fe1
relation.isAuthorOfPublication.latestForDiscovery084ef03f-0b94-4c57-8da0-d0dfbeaf5fb1

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