| In the era of network economy,traditional enterprises have been seriously hit,therefore,new demand-oriented business models are gradually replacing traditional supply-oriented business models,if the existing business models of enterprises can hardly meet the current form of economic growth and cannot provide sufficient space for development,enterprises need to make appropriate strategic adjustments,improve organizational structure and build a business model that matches the current Internet economy.However,the new business model is very unstable,which brings greater benefits but also causes various unavoidable and immeasurable risks,and the ability to deal with the risks in time also affects the effect of business model innovation on enterprises to a certain extent.In order to explore the results and extent of the impact of business model innovation on corporate performance,and the mechanism of risk response level at the firm level between the two variables,firstly,based on previous theoretical studies,this paper compares the relevant domestic and international literature,and initially understands the connotation,dimensional division,and relationship between the key variables involved in this paper.In order to further explore the role paths and relationships between variables,corporate performance is divided into two aspects:financial performance and market performance,and business model innovation is also divided into three dimensions:value creation innovation,value delivery innovation and value realization innovation,while five aspects:environmental risk,market risk,technology risk,financial risk and human resource management risk are used to comprehensively measure the level of corporate risk response;secondly,on the basis of Based on the relevant theories and existing studies,the relationship between Sanger variables and different dimensions is analyzed,and the hypotheses to be argued in this paper are proposed;again,the regression empirical study is conducted by combining the data related to Internet enterprises from 2017-2021 enterprises,and the results of the empirical study find that(1)business model innovation has a significant positive impact on the financial performance and market performance of enterprises and the three dimensions of business model innovation have different impact effects,among which the impact effect of value creation innovation on enterprise performance is the largest;(2)the level of risk response plays a positive moderating role between business model innovation and enterprise performance;then,on the basis of the empirical analysis,the results of the empirical study are further verified and supplemented by cases with KDDI as a case study;finally,in response to the above findings,the Finally,in response to the above findings,relevant suggestions are put forward in two aspects,namely,promoting business model innovation and strengthening risk response of Internet enterprises,respectively,in order to improve the performance of Internet enterprises.The research insights of this paper are mainly twofold:on the one hand,Internet enterprises should keep up with the development of the times in the era of network economy,and the key for enterprises to adapt to the process of economic development is whether they can transcend inertia thinking,achieve transformation and upgrading,and timely innovate business models,and then improve enterprise performance;on the other hand,the business model of Internet enterprises is highly open,which easily leads to various potential risk factors into the enterprise,therefore,when innovating the business model of Internet enterprises,it is necessary to pay great attention to the risks in the innovation,enhance the awareness of risk management,and respond to the risks in time to ensure the smooth implementation of business model innovation. |
