Dominik K. Kanbach

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• Prof. Dr.
• Professor (Full); Chairholder at HHL Leipzig Graduate School of Management

Their paper “What BMW’s Corporate VC Offers That Regular Investors Can’t” examines a new approach that the German car manufacturer BMW pursues in order to optimize their collaboration with start-ups. Instead of funding start-ups with a typical corporate venture capital or corporate accelerator approach, BMW integrates selected start-ups as supplier...

Purpose In a move characterized by ambiguity, Facebook changed its name to Meta in October 2021, announcing a new era of social interaction, enabled by the metaverse technology that appears poised to become the future center of gravity for online social interactions. At first glance, the communicated change signals a radically new business model (B...

The introduction of ChatGPT in November 2022 by OpenAI has stimulated sub- stantial discourse on the implementation of artificial intelligence (AI) in various domains such as academia, business, and society at large. Although AI has been utilized in numerous areas for several years, the emergence of generative AI (GAI) applications such as ChatGPT,...

Recent years have seen a surge in research on artificial intelligence (AI)-driven business model innovation (BMI), reflecting its profound impact across industries. However, the field's current state remains fragmented due to varied conceptual lenses and units of analysis. Existing literature predominantly emphasizes the technological aspects of AI...

This study sheds light on the relationships between digital transformation, business model, and process efficiency capabilities, and new product development (NPD) performance by employing a sequential explanatory approach, combining quantitative and qualitative research methodologies, utilizing structural equation modeling based on 430 questionnair...

The concept of resilience has garnered significant attention during recent global crises. Family businesses are often highlighted for their inherent resilience, attributed to their distinctive characteristics, orientation, goals and familial influence. Nonetheless, a coherent body of research on strategies for family business resilience uncovering...

This paper investigates the emerging potential of metaverse technology and the diverse opportunities it presents for companies across industries. Although the metaverse remains in its nascent stages, its swift evolution has introduced a broad spectrum of use cases that hold significant promise for businesses. However, despite the evident potential,...

Organizational agility (OA), the ability of an organization to adapt to rapidly changing environments and reconfigure its structure and operations, has become a critical capability for achieving and sustaining competitive advantage. However, existing frameworks for OA often adopt narrow, industry-specific perspectives, neglecting the broader interp...

Adopting AI-based solutions is now widely regarded as an essential consideration in organizations’ innovation strategies. For healthcare institutions such solutions are an especially promising means to address societal and organizational challenges, including rising demand combined with shortages of qualified staff. The technology may enhance the e...

Artificial intelligence (AI) is increasingly being recognized as a critical tool when it comes to addressing the most pressing challenges facing modern industries, including the pursuit of sustainability. The use of AI is aiding businesses in navigating corporate sustainability challenges, but existing research lacks a comprehensive exploration of...

Purpose - This study explores the negotiation behaviors and strategies employed by experienced entrepreneurs to secure venture capital (VC) funding. Design/methodology/approach - Using a qualitative approach, we conducted interviews with 32 accomplished founders with track records in securing VC funding. Our conceptual underpinning rests upon an...

Rapid scaling amidst resource constraints is crucial for established firms and startups in today’s business landscape. Despite its increasing popularity and research interest, little is understood about dynamic capabilities in the context of growth hacking. This study explores how growth hacking activities contribute to developing dynamic capabilit...

Purpose This study aims to explore the potential of entrepreneurship through acquisition (ETA) in the underexplored sector of small and medium-sized web-based businesses, addressing the succession crisis in industrialized nations and offering insights into the digital ETA landscape. Design/methodology/approach The research uses a qualitative appro...

This study identifies six dynamic capabilities (DCs), which enable corporates' strategic change toward resilience in today's increasingly volatile, uncertain, complex, and ambiguous (VUCA) business environment. In this context, pertinent research has proven DCs' conduciveness for corporates to enhance their levels of resilience. Yet, there remain d...

This study aims to investigate the association between narcissistic tendencies, gender and funding success in high-growth start-ups. It aims to bridge a critical research gap by exploring the combined effect of gender and narcissism on start-up funding success. We surveyed 540 founders of high-growth start-ups in Germany, Austria and Switzerland, u...

The has been an upsurge in the significance of sustainability in the business landscape, leading corporations to adopt strategies that extend beyond implementing social responsibility initiatives. While start-ups and social entrepreneurs have excelled in integrating sustainability into their business models, balancing financial goals with the growi...

This paper reports the results from a research-in-progress project investigating the effects of boundary spanning activities between explorative and exploitative units in structurally ambidextrous organizations on their product innovation performance, both in terms of more incremental (i.e., new-to-firm) and more radical (i.e., new-to-market) innov...

This study investigates how innovation through external partnerships via Corporate Venture Capital and Corporate Venture Clienting contribute to strategic renewal. Corporate Venture Capital identifies and captures future growth opportunities through equity investments, while Corporate Venture Clienting integrates start-up innovations into core busi...

In today's data-driven era, ubiquitous concern about environmental issues pushes more startups to engage in business model innovation that promotes environmentally friendly technologies. The goal of these startups is to create technology-based products and services that enhance environmental sustainability. In this context, artificial intelligence...

Purpose Literature on entrepreneurial resourcefulness (ER) has grown constantly in the last two decades. ER is a construct that describes the specific behavior of entrepreneurs, focusing on the generation and deployment of resources to pursue an opportunity. Since the ER literature has expanded and diversified, the purpose of this study is to integ...

The recent surge in the adoption of artificial intelligence (AI) by small and medium-sized enterprises (SMEs) has garnered significant research attention. However, the existing literature reveals a fragmented landscape that hinders our understanding of how SMEs use AI. We address this through a systematic literature review wherein we analyze 106 pe...

There is a lack of understanding about early-stage entrepreneurial actions, as existing research focuses on later stages and overlooks how experience impacts entrepreneurial actions. However, entre-preneurial experience has a pivotal role in shaping entrepreneur-ial actions, serving as a distinguishing factor within the scope of this study. Therefo...

Purpose When CEOs are publicly weighing in on sociopolitical debates, this is known as CEO activism. The steadily growing number of such statements made in recent years has been subject to a flourishing academic debate. This field offers first profound findings from observational studies. However, the discussion of CEO activism lacks a thorough the...

The recent surge in artificial intelligence (AI) adoption by small and medium-sized enterprises (SMEs) has garnered significant research attention. However, the existing literature reveals a fragmented landscape that hinders our understanding and application of insights about AI use in SMEs. We address this through a systematic literature review, w...

This study explores the impact of metaverse technology on business models (BMs). Despite increasing academic and practical interest, the adoption and seamless integration of this technology poses substantial challenges for businesses. This study adopts a grounded-theory approach to explore how firms can incorporate this technological innovation wit...

Purpose The aim of this paper is to explore how multi-national corporations (MNCs) can effectively adopt artificial intelligence (AI) into their talent acquisition (TA) practices. While the potential of AI to address emerging challenges, such as talent shortages and applicant surges in specific regions, has been anecdotally highlighted, there is li...

Purpose The purpose of the study is to understand the relationship between family-driven innovation and the incorporation of corporate sustainability in German family firms. Design/methodology/approach The study conducted 26 interviews with 22 German family firms. Thematic analysis was undertaken on the collected data resulting in five major theme...

Past research showed how multinational enterprises (MNEs) create specific organizational structures to manage tensions in collaborations with competitors (i.e., coopetition). In this study, we explore how MNEs design their organizational structure to approach tensions specifically in the formation phase of coopetition. Formation is the first and ar...

In response to escalating environmental concerns and the imperative for sustainable development, corporations have turned to eco‐innovation (EI) to enhance competitiveness and reduce ecological footprints. This study scrutinizes 17 European Commission EI‐awarded companies from 1990 to 2021, uncovering pivotal dimensions and archetypes that drive su...

Bibliometric analysis has recently become a popular and rigorous technique used for exploring and analyzing the literature in business and management. Prior studies principally focused on ‘how to do bibliometric analysis’, presenting an overview of the bibliometric methodology along with various techniques and step-by-step guidelines that can be re...

This article explores how entrepreneurial small-and medium-sized enterprises (SMEs) manage coopetition strategies to innovate with large firms. While coopetition offers opportunities for innovation and growth, asymmetries between SMEs and large firms can provoke unilateral actions, opportunistic tactics, and knowledge theft which can undermine SME...

Purpose Small businesses are facing evolving environments, with a resulting need to shift their traditional approaches toward new business models (BMs). Many face difficulties within this transition process due to their specific resource constraints. Based on this, incremental changes to the BM – business model transition (BMT) – are proposed as co...

In the last two decades, the call for fewer hierarchies and flat structures has increased tremendously as shown by the numbers of recent papers. Academics and practitioners continually discuss the perfect organizational type. Nevertheless, this discussion is nothing new; already in mid last century , researchers were analyzing softened hierarchies...

The purpose of this review is integrating and contextualizing relevant literature on the factors influencing the adoption of AI in the healthcare industry into a comprehensive framework. Health systems are considered fundamental to creating societal value. However, global health systems are challenged by the increasing number of patients due to pop...

Entrepreneurial ventures aspiring to disrupt existing market incumbents often use business-model innovation to increase the attractiveness of their offerings. A value proposition is the central element of a business model, and is critical for this purpose. However, how entrepreneurial ventures modify their value propositions to increase the attract...

This study investigates the Leader Member Exchange (LMX) model and job satisfaction for employees working remotely during the COVID-19 pandemic. The research is based on 22 semi-structured interviews conducted with consultants on different career levels within a multinational corporation (MNC) in 2022. The results indicate that the shift to remote...

Although firms rely on employees’ innovative work behaviour and effective leadership to achieve service innovation performance, these relations remain underexplored, especially regarding digital leadership. We conceptualise a digital leader’s capabilities and explore influences on innovative work behaviour and service innovation performance, using...

This study investigates the impact of artificial intelligence on marketing. Based on an extensive dataset of interviews with marketing executives, the study assesses current practices and argues that the future of marketing is inextricably linked to the effective integration of data and creativity. Thus, this research sheds light on this under-expl...

In recent years, research on corporate sustainability integration strategies has witnessed a significant growth in interest. However, contributions remain disjointed and fragmented, preventing the emergence of a cohesive understanding of the current research state. This study uses a systematic review of 126 articles from Web of Science (WoS) and Eb...

This study explores the concept of massive and rapid business scaling (MRBS) in the context of digital start-ups by identifying 20 factors clustered into seven core drivers. Through inductive qualitative research, the study builds on 53 semi-structured interviews with founders, executives, and advisors, leading to the development of a framework tha...

There is a plethora of research on organisational design elements of corporate venture capital (CVC) programs. However, the fragmented nature of this vein of corporate venturing research has led to an inconsistent picture regarding the organisational design of CVC programs. The goal of this study is to provide a holistic picture for both scholars a...

Companies' distinct value framework is subsequently altered because of digital transformation, which include the acceleration of technical breakthroughs, the challenge of business models, and the disruption of the processes involved in the production of new products. This study accentuates the relationships between digital transformation, business...

Purpose This study aims to investigate different types of platform providers (PPs) to gain a deeper understanding of the characteristics and underlying logic of this group within collaborative consumption (CC). As CC occurs with three groups of actors (PP, peer service provider and customer) and is predominantly viewed from the customer perspective...

Purpose Negotiations with venture capitalists (VCs) play a crucial role in the entrepreneurial financing process. Habitual entrepreneurs are generally able to secure more venture capital funding and on better deal terms than novices. This study investigates the disparities in negotiation competencies between habitual and novice entrepreneurs during...

As an emerging form of strategic corporate venturing, equity-free corporate-startup-partnership ("Venture Clienting") aims to enable open innovation for the strategic renewal of established companies. However, empirical research on how to leverage Venture Clienting for strategic renewal is thin. Consequently, the goal of this study is to provide em...

Research in artificial intelligence and business model innovation is flourishing. Nevertheless, the current discussion lacks an overarching understanding of, and thus has not sufficiently addressed, the interface between artificial intelligence-enabled business model innovation and the critical role of top management. Although a paradigm shift affe...

Purpose The purpose of this article is to develop an integrative framework of accelerator design to answer the question of what activities accelerators perform and how they function within a structured framework. Research on the functioning of accelerators as a mechanism for startup engagement produced multiple empirical results. However, the compa...

Entrepreneurship through acquisition (ETA) is gaining momentum as a viable alternative to starting a company on one's own. However, despite its growing practical relevance, scholarly work about ETA is scarce and has not been comprehensively reviewed. To address this gap, we conduct a systematic review of entrepreneurship literature by identifying s...

Digital Transformation (DT) has become a challenge and opportunity for firms competing in dynamic and volatile markets. Especially small and medium sized enterprises (SMEs) face difficulties within the digitalization process based on their limited resources and capabilities. It is essential to understand which factors influence this process to enab...

Purpose: Resource cognition – identifying valuable resources and capabilities and assessing their potential for redeployment – is a pivotal management capability for strategic renewal. This study explores how managerial cognition in this activity may be biased, leading to erroneous results. Design/methodology/approach: This study employs an action...

Digitalisation reshapes both the workplace and the forms of communication used within a team. Due to the COVID-19 crisis, rethinking leadership has required transitioning from a physical to an entirely virtual work environment to respond to the COVID-19 crisis, accelerating and increasing the relevance of exclusively virtual communication. In a fac...

Although open innovation (OI) has been characterized as one key driver for business model innovation (BMI), the literature lacks an in-depth understanding of how OI influences the business models (BM) of new ventures. However, such an understanding is crucial for improving the value creation and value capture for technological innovations in inboun...

Purpose – The article discusses the current relevance of artificial intelligence (AI) in research and how AI improves various research methods. This article focuses on the practical case study of systematic literature reviews (SLRs) to provide a guideline for employing AI in the process. Design/methodology/approach – Researchers no longer require t...

Innovation in small and medium enterprises (SMEs) is often the result of technology-driven or market-pull entrepreneurship activities. So far, although its importance in practice, as well as in academia continues to grow, extant research exhibits little theory about the process of technology-driven entrepreneurship in SMEs. The study aims to better...

Since its inception over two decades ago, the theory of disruptive innovation has sparked heated discussions. Especially because of the increasing importance of societal influences and novel forms of competition and technology, questions about its theoretical value and practical relevance remain. Researchers have focused on firm-internal factors of...

The service productivity literature has grown remarkably over the last two decades and has gathered substantial knowledge. However, with the gradual acceleration of knowledge production about service productivity, the collective evidence becomes more fragmented and interdisciplinary. The purpose of this literature review is to systematically identi...

While corporate venture capital funds (CVCs) are commonly analyzed as homogenous units, they display significant heterogeneity across various organizational aspects, which affect them and subsequently their portfolio firms. Using a sample of 383 European portfolio firms from the longitudinal VICO dataset, we first investigate the impact of investor...

To adapt their competitive advantages for successful strategic renewal, established companies must apply suitable innovation activities. One way to achieve this is the establishment of corporate venturing units that create organizationally consequential new business innovation for their parent company. However, the understanding of the distinctive...

Although open innovation (OI) has been characterized as one key driver for business model innovation (BMI), the literature lacks an in-depth understanding of how OI influences the business models (BM) of new ventures. However, such an understanding is crucial for improving the value creation and value capture for technological innovations in inboun...

Despite considerable interest from academics and management professionals in creating sustainable, competitive advantages through business model innovation (BMI), and highly-prominent BMI success stories, the contemporary understanding of how company-internal antecedents can enable systematic BMI remains limited. However, this specific knowledge is...

Corporate accelerators have become a relevant intermediary that connects startups and corporations. Their strategic goal is to establish close relationships between startups and corporations that add value for both parties in the long term. While in principle startups go through an acceleration phase successfully, they may struggle to build meaning...

With scarce research on the intersection of corporate venturing and firm strategy, few companies succeed in using their dedicated corporate venturing units for strategic renewal. This study examines this intersection in so-called interlinked-ambidextrous corporate venturing units. Through relational interlinks with internal and external stakeholder...

Despite service productivity’s scholarly prominence and practical relevance, past research in marketing has primarily adopted isolated perspectives from which disjointed empirical findings reign supreme. As the acquisition of knowledge about service productivity accelerates, the collective evidence becomes more interdisciplinary but also more fragm...

Purpose Recent years have seen a meteoric rise in the study of narcissism in entrepreneurship, although little consolidation has occurred in this area. The purpose of this paper is the development of an integrative framework to harmonise the academic discussion and serve as a structured foundation for future research. Design/methodology/approach T...

Despite considerable interest from academics and management professionals in creating sustainable, competitive advantages through business model innovation (BMI), and highly-prominent BMI success stories, the contemporary understanding of how company-internal antecedents can enable systematic BMI remains limited. However, this specific knowledge is...

Prior research has indicated that hypercompetition exists in the venture capital (VC) market. However, it remains poorly understood what implications arise from hypercompetition on VCs’ strategies and operational activities and how VC funds can capitalise their competitive advantages and signal investor quality to start-ups and limited partners. To...

Corporate venture capitalists (CVCs) have shorter lifespans than independent venture capitalists (IVCs), but the reasons for this are not well understood. This paper identifies influencing factors affecting lifespans of CVCs and IVCs. Based on a sample of 190 articles, this systematic review identifies 41 factors that influence VC performance acros...

Corporate incubators are a phenomenon of increasing relevance to elicit business model innovation (BMI) within large firms. They equip talented employees with entrepreneurial competencies (ECs) to identify, build, and pursue new ventures. However, their specific approach in developing ECs conducive to BMI has been understudied so far. Based on an i...

Purpose Facing increased asset prices and growing competition, private equity firms needed to innovate their established business model and shift from focusing on financial engineering to creating operating value. Yet, the authors understand little about how private equity firms increase the value of companies in their portfolios. This paper aims t...

Today's business environments demand continuous innovation and adaption in established companies for long-term competitiveness. To ensure this, many leaders thrive for agility in their organizations. Currently, this concept is mostly regarded operationally as a project management approach. But the realization of the full strategic potential of agil...

Corporate accelerators have developed as an important mechanism for corporate entrepreneurship and digital innovation across industries worldwide. Corporate accelerators are typically time-limited programs that provide mentoring and educational support to a selected group of start-ups acting as intermediary between corporate parents and participati...

Review articles or literature reviews are a critical part of scientific research. While numerous guides on literature reviews exist, these are often limited to the philosophy of review procedures, protocols, and nomenclatures, triggering non-parsimonious reporting and confusion due to overlapping similarities. To address the aforementioned limitati...

The use of analytics in corporate decision-making processes demands a paradigm shift within companies, and particularly among their top executives. Corporate leaders represent a major lever for this change. Therefore, a deeper understanding of their managerial capabilities, characteristics and contribution in this context is required. Aiming to pro...

These are constantly changing times for the tourism industry. The COVID-19 pandemic and accompanying negative economic effects significantly impacted customer behavior and accelerated the need for companies to innovate. Business model innovation (BMI) is ideal for overcome these challenges by innovating the very core of the firm. However, siloed BM...

Ensuring that innovations are implemented organisation-wide remains a critical business challenge for organisations. This study identifies how organisations can improve the effectiveness of innovations and specifies the effects of innovation implementation antecedents and capabilities. By applying a mixed method approach, using data from 42 semi-st...

Value creation of private equity (PE) firms in portfolio companies has received much attention in research. This systematic literature study aims to review, evaluate, and organize the empirical studies conducted in this field during the last four decades. Our findings from an in-depth analysis of 110 empirical papers reveal that the current underst...

Service innovation and service productivity are key elements of a firm’s ability to gain competitive advantages. Although previous studies have advanced the understanding of each topic individually, few attempts have been made to bridge the gap between the two research streams. Endeavoring to explain how firms combine strategies for high service pr...

Consistent with the resource-based view research on investment syndicates indicates relative performance advantages of syndicate-backed ventures. However, in line with agency theory, the literature shows that heterogeneous syndicates between independent venture capital (IVC) and corporate venture capital (CVC) produce portfolio firms that exert onl...

In times of changing business environments, firms must constantly renew their competitive advantage by establishing dynamic capabilities. While often attempting to employ this in corporate venturing activities, they face the challenge of simultaneously exploring new and exploiting existing business opportunities. Examining possible approaches to ma...

Corporate Venture Capital (CVC) units position themselves as smart capital providers in new venture firm New Venture Firm (NVF) financing. In line with the resource-based view and social capital theory, extant research postulates that CVCs contribute complementary assets beyond capital to their NVFs. However, the non-financial value for NVFs is mai...

Abstract: In 2018, the legacy business of Somedia AG (Somedia)—traditional media such as newspapers, radio, and TV—was in structural decline. While its business portfolio still delivered positive financial results, it became clear that this would only be the case for a few more years. Susanne Lebrument and Thomas Kundert, the two main figures in ch...

Research shows that many firms still make business critical decisions intuitively, despite clear evidence that analytics-based decision making is likely more effective in creating corporate and social value. With the aim of providing actionable guidance to firms on how to accomplish the shift to analytics-based decision-making, this paper sheds lig...

Purpose-This paper aims to categorize and organize dynamic capabilities that have been inductively identified in empirical research into a comprehensive taxonomy. Thus, it addresses calls in the literature for a better understanding of dynamic capabilities and integration of scattered empirical findings into theory. Design/methodology/approach-A sy...

The concept of sector coupling has been gaining increased momentum in political discourses during the past few years but it has only recently received the attention of international academics. The private sector is particularly relevant to foster sector coupling through entrepreneurial action – specifically, innovative business models for more sust...

Risk-taking propensity is considered a defining characteristic of entrepreneurs. Previous research informs us that risk-taking propensity can be dynamic, changing over the course of an individual’s life, often in response to situational changes. Despite this, temporally driven shifts in entrepreneurs’ risk-taking propensity have been underappreciat...

Purpose Chief Executive Officer (CEO) activism, i.e. executives, publicly weighing in on sociopolitical debates, is an area of increasing interest in academia and business. This young research field provides valuable insights, but it still represents a scattered discussion in a variety of disciplines. Thus, this paper aims to present a guiding fram...

Corporate incubators are a phenomenon of increasing relevance to elicit business model innovation (BMI) within large firms. They equip talented employees with entrepreneurial competencies (ECs) to identify, build, and pursue new ventures. However, their specific approach in developing ECs conducive to BMI has been understudied so far. Based on an i...

Dynamic capabilities have typically been conceptualized as sensing, seizing, and transforming. This article explores the interplay of these procedural dimensions employing a longitudinal case study of Axel Springer, a leading media corporation that has exercised dynamic capabilities to convert from a print publisher to an internet company. Insightf...

This study intends to provide scholars and practitioners with an understanding of human resource challenges in the context of Big Data Analytics (BDA). This paper provides a holistic framework of human-related capabilities that organizations must consider when implementing BDA to facilitate decision-making. For this purpose, the authors conducted a...

The COVID-19 pandemic impacted many entrepreneurs’ business outcomes and sometimes additionally influenced their psychological well-being. At the same time, some entrepreneurs hold personalities that warrant higher crisis resilience than others. This study investigates these differences in resilience to crisis based on personality. Specifically, th...

Research in the field of coopetition, which describes firms simultaneously competing and collaborating to create value, has recently gained enormous momentum. Over the period of 2015 to 2020, scholars published more high-quality studies on this subject than in the entire 25-year history of coopetition research. Despite the relevance of these contri...