Journal of Business Strategies

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 inbound OI settings. Based upon a unique dataset of 19 new ventures from 7 countries, which participated in Europe’s largest OI platform, this study finds that OI leads to an expansion in the customer segment, a greater focus in the value proposition, a shorter (but deeper) value chain, and challenges to the revenue model. The paper highlights important theoretical contributions for the BMI and OI literature, and derives tangible managerial guidance for entering OI partnerships.

This study expands the exploration of a consumer behavior concept that has received considerable attention recently: the fear of missing out (FoMO). Several variables were analyzed in terms of their potential influence on FoMO: social media usage, self-concept, social identity, smartphone usage, innovativeness, and gender. The study builds upon the premise that the construct has two distinct components: a personal dimension and a social dimension. The importance of these results is discussed in terms of advancing FoMO theory as well as assisting practitioners in directing their promotional efforts.

We develop an integrated set of propositions describing the relationships among CEO characteristics, the perceived trustworthiness of the CEO, and the board of directors’ decisions concerning the governance structure of the firm. In particular, we propose that CEO education, tenure, experience, board memberships and founder status affect the board’s perception of the CEO’s ability, benevolence, and integrity (the three key trustworthiness dimensions), and that these trustworthiness perceptions then affect the board’s choice of governance mechanisms with regard to CEO compensation mix, CEO/board chair duality, board size, and outsider representation on the board. Our theoretical development suggests that agency theory’s difficulties in explaining corporate governance may be the result of researchers’ failure to incorporate CEO trustworthiness into their models.

Dear Readers: As the Journal of Business Strategies enters its 40th year of publication, we are proud to look back at our rich history, and excited to look forward into the future. I would like to share some highlights from the last year: 2022 was our first full year operating on the new Open Journal Systems platform, using the new URL http://business-strategies.org, as well as our first year operating as an open access journal. The move towards an open access online publication has started to pay large dividends already. Between January 2022 and December 2022, our total monthly readership (i.e. downloads of full text articles) hasincreased five-fold! We expect that the increase in visibility will continue to attract high quality research to be published in the Journal. The increase in readership was accompanied by an increase in manuscript submissions as well. As we continued to improve the quality and efficiency of our doubleblind peer review process, we can summarize our 2022 activity as follows: Days to First Editorial Decision: 13Average Days to Accept: 102Desk Reject Rate: 47%After Review Reject Rate: 41%Acceptance Rate: 12% In order to continue the upward trajectory of the Journal, we are implementing several major changes, starting in 2023 with Volume 40:First, the Journal’s appearance has received a major face-lift. We have updated the layout of published articles, as well as adopted a new logo that now appears in the top right corner of every title page. The new layout design of the published articles is a modern and professional approach that signals the quality of our publication in an online environment. Second, –and most significantly– we are moving to a “publish-as-you-go” scheme. This means that we no longer wait to accumulate several articles into an issue before publication. Rather, articles are continuously added to current issues as they are accepted and complete the production process. As an online publication, we are free of the constraints imposed by print publishing, and publishing articles on-the-go will reduce publication lag for our authors, and make the newest research available to our readers more quickly. We are looking forward to an exciting future for the Journal of Business Strategies. I encourage you to submit your work to us at http://business-strategies.org, and hope that you will encourage your colleagues to do the same. Best wishes,Christian Raschke, Editor