4.3 Article

Business model configurations and performance: A qualitative comparative analysis in Formula One racing, 2005-2013

Journal

INDUSTRIAL AND CORPORATE CHANGE
Volume 24, Issue 3, Pages 655-676

Publisher

OXFORD UNIV PRESS
DOI: 10.1093/icc/dtv012

Keywords

M10; Business Administration (General)

Funding

  1. European Commission's Marie-Curie Actions [301688]
  2. EPSRC UK Research Council [EP/K039695/1]
  3. EPSRC [EP/K039695/1] Funding Source: UKRI
  4. Engineering and Physical Sciences Research Council [EP/K039695/1] Funding Source: researchfish

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We investigate the business model configurations associated with high and low firm performance by conducting a qualitative comparative analysis of firms competing in Formula One racing. We find that configurations of two business models-one focused on selling technology to competitors, the other one on developing and trading human resources with competitors-are associated with high performance. We also investigate why these configurations are high-performing and find that they are underpinned by capability-enhancing complementarities, accelerating firms' learning and supporting the development of focused firms' capabilities.

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