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What is Newly Created Firm

Chapter 7
Handbook of Research on Digital Marketing Innovations in Social Entrepreneurship and Solidarity Economics
It is a type of company between three and seven years of age, having on average five years of being formally established, which has the potential to achieve sustainable business growth.
Published in Chapter:
Proposal of a Business Model Based on the Triple Business Performance-E
Carlos Ricardo Rey-Campero (Universidad Externado de Colombia, Colombia)
Copyright: © 2019 |Pages: 21
DOI: 10.4018/978-1-5225-8939-6.ch007
Abstract
This chapter aims to analyze the relationship between business models and dynamic capabilities in firms of the systems development sector of Bogota (Colombia). Based on the theoretical framework of business models, the author applies an analysis based on principal categorical components and categorical regression. Results show a correlation between the elements of the business model (strategy and dynamic capabilities) and business performance. In conclusion, the author proposes a business model endowed with efficiency, effectiveness, and efficacy for newly created micro, small, and medium-sized family firms that highly correlates with business performance.
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