Bernardo Balboni, PhD, DEAMS Bruno de Finetti University of Trieste, Piazzale Europa, 1 I-34127 Trieste, Italy, tel.: +39 040 5587049, e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it..
Guido Bortoluzzi, PhD, DEAMS Bruno de Finetti University of Trieste, Piazzale Europa, 1 I-34127 Trieste, Italy, tel.: +39 040 5587049, e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it..

Abstract

In this study, we explore the connections between business model adaptation and the success of new ventures. We do so by analysing in depth the business model evolution of three new Italian ventures throughout their first years of life. We try to understand if and how the evolution of these firms’ business models is connected to their success. Our analysis reveals that adapting their business models was crucial to enabling these firms to survive in extremely dynamic environments. However, it did not fully act as a catalyst for their processes of growth and did not increase their profitability.