The rapid evolution of global markets and technological advancements has made business model innovation (BMI) a crucial factor for sustaining competitive advantage in today’s entrepreneurial landscape. However, despite its importance, there remains a gap in understanding the specific entrepreneurial skills required to drive successful BMI. This paper proposes a conceptual framework aimed at identifying and cultivating the core entrepreneurial competencies essential for effective business model innovation. The framework synthesizes insights from entrepreneurship theory, strategic management, and innovation literature, highlighting the role of skills such as opportunity recognition, creativity, risk management, and adaptive leadership in the innovation process. In addition, the paper outlines a research agenda for further exploration into the intersection of entrepreneurial skill development and BMI, offering a structured approach to empirical investigations. By addressing these gaps, this study seeks to contribute to both academic theory and practical applications, helping entrepreneurs and organizations build the skills necessary to navigate and capitalize on business model changes in an increasingly dynamic business environment.
Chavan et al. (Fri,) studied this question.