The Influence of Entrepreneurial Cognition on Business Model Innovation: A Hybrid Method Based on Multiple Regressions and Machine Learning

How to achieve business model innovation (BMI) has always been a focus topic in the field of entrepreneurship. Based on cognitive theory, this study takes new ventures as the research object to build a theoretical model to explore the impact of entrepreneurial cognition on BMI choice, its intermedia...

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Autores principales: Jian Zhou, Jian Yang, Hehe Sun, Yang Liu, Xiao Liu
Formato: article
Lenguaje:EN
Publicado: Frontiers Media S.A. 2021
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Acceso en línea:https://doaj.org/article/134724e0b18c4163b2b3d8367392e288
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spelling oai:doaj.org-article:134724e0b18c4163b2b3d8367392e2882021-11-11T04:49:37ZThe Influence of Entrepreneurial Cognition on Business Model Innovation: A Hybrid Method Based on Multiple Regressions and Machine Learning1664-107810.3389/fpsyg.2021.744237https://doaj.org/article/134724e0b18c4163b2b3d8367392e2882021-11-01T00:00:00Zhttps://www.frontiersin.org/articles/10.3389/fpsyg.2021.744237/fullhttps://doaj.org/toc/1664-1078How to achieve business model innovation (BMI) has always been a focus topic in the field of entrepreneurship. Based on cognitive theory, this study takes new ventures as the research object to build a theoretical model to explore the impact of entrepreneurial cognition on BMI choice, its intermediary mechanism, and boundary conditions. We test our framework with a sample of 242 questionnaires; the empirical research results show that entrepreneurial configuration cognition, willing cognition, and ability cognition indirectly affect the BMI of new ventures. Strategic sensitivity (SSE) mediated the relationship between entrepreneurial cognition and BMI; knowledge diversity positively moderates the relationship between SSE and BMI. Machine learning algorithm research has found three prediction models for BMI of new ventures. By constructing a theoretical analysis framework of BMI from the perspective of cognition, the results deepen the relevant research on BMI of new ventures, clarify the source of unique characteristics and capabilities of entrepreneurs, provide a new research perspective for analyzing the impact mechanism of entrepreneurial cognition on BMI, enrich the research results in the field of “situation-cognition behavior,” and further clarify the important role of knowledge in the development of new ventures.Jian ZhouJian YangHehe SunYang LiuXiao LiuFrontiers Media S.A.articleentrepreneurial cognitionstrategic sensitivityknowledge diversitybusiness model innovationnew venturesmachine learningPsychologyBF1-990ENFrontiers in Psychology, Vol 12 (2021)
institution DOAJ
collection DOAJ
language EN
topic entrepreneurial cognition
strategic sensitivity
knowledge diversity
business model innovation
new ventures
machine learning
Psychology
BF1-990
spellingShingle entrepreneurial cognition
strategic sensitivity
knowledge diversity
business model innovation
new ventures
machine learning
Psychology
BF1-990
Jian Zhou
Jian Yang
Hehe Sun
Yang Liu
Xiao Liu
The Influence of Entrepreneurial Cognition on Business Model Innovation: A Hybrid Method Based on Multiple Regressions and Machine Learning
description How to achieve business model innovation (BMI) has always been a focus topic in the field of entrepreneurship. Based on cognitive theory, this study takes new ventures as the research object to build a theoretical model to explore the impact of entrepreneurial cognition on BMI choice, its intermediary mechanism, and boundary conditions. We test our framework with a sample of 242 questionnaires; the empirical research results show that entrepreneurial configuration cognition, willing cognition, and ability cognition indirectly affect the BMI of new ventures. Strategic sensitivity (SSE) mediated the relationship between entrepreneurial cognition and BMI; knowledge diversity positively moderates the relationship between SSE and BMI. Machine learning algorithm research has found three prediction models for BMI of new ventures. By constructing a theoretical analysis framework of BMI from the perspective of cognition, the results deepen the relevant research on BMI of new ventures, clarify the source of unique characteristics and capabilities of entrepreneurs, provide a new research perspective for analyzing the impact mechanism of entrepreneurial cognition on BMI, enrich the research results in the field of “situation-cognition behavior,” and further clarify the important role of knowledge in the development of new ventures.
format article
author Jian Zhou
Jian Yang
Hehe Sun
Yang Liu
Xiao Liu
author_facet Jian Zhou
Jian Yang
Hehe Sun
Yang Liu
Xiao Liu
author_sort Jian Zhou
title The Influence of Entrepreneurial Cognition on Business Model Innovation: A Hybrid Method Based on Multiple Regressions and Machine Learning
title_short The Influence of Entrepreneurial Cognition on Business Model Innovation: A Hybrid Method Based on Multiple Regressions and Machine Learning
title_full The Influence of Entrepreneurial Cognition on Business Model Innovation: A Hybrid Method Based on Multiple Regressions and Machine Learning
title_fullStr The Influence of Entrepreneurial Cognition on Business Model Innovation: A Hybrid Method Based on Multiple Regressions and Machine Learning
title_full_unstemmed The Influence of Entrepreneurial Cognition on Business Model Innovation: A Hybrid Method Based on Multiple Regressions and Machine Learning
title_sort influence of entrepreneurial cognition on business model innovation: a hybrid method based on multiple regressions and machine learning
publisher Frontiers Media S.A.
publishDate 2021
url https://doaj.org/article/134724e0b18c4163b2b3d8367392e288
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