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Studies on business model innovation have generally focused on large corporations to the neglect of small- and medium-sized enterprises. On the way towards BMI, corporate social responsibility plays a critical role that has barely been taken into consideration. In this study, corporate culture was adopted as a mediating factor for exploring the relationship between CSR and BMI. Based on quantitative methods and data from 218 respondents working at SMEs in Taiwan, the findings indicate that SEMs may implement CSR to promote business model innovation, as well as identify the mediating effect of corporate culture for the influence of CSR on BMI. The conclusions reveal the managerial implications of the ways, paths, and mechanism of BMI by enabling SEMs to participate in CSR activities.
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Chih-Hung Chen (2022) studied this question.
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