Proceedings of the 1st International Conference on Economics and Business, ICEB 2023, 2-3 August 2023, Padang, Sumatera Barat, Indonesia

Research Article

A Review of Evolution of Theories and Models of New Business Creation

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  • @INPROCEEDINGS{10.4108/eai.2-8-2023.2341522,
        author={Muhammad  Hamdi},
        title={A Review of Evolution of  Theories and Models of New Business Creation},
        proceedings={Proceedings of the 1st International Conference on Economics and Business, ICEB 2023, 2-3 August 2023, Padang, Sumatera Barat, Indonesia},
        publisher={EAI},
        proceedings_a={ICEB},
        year={2024},
        month={6},
        keywords={new business creation; management; theory and models; evolution; business environment changes},
        doi={10.4108/eai.2-8-2023.2341522}
    }
    
  • Muhammad Hamdi
    Year: 2024
    A Review of Evolution of Theories and Models of New Business Creation
    ICEB
    EAI
    DOI: 10.4108/eai.2-8-2023.2341522
Muhammad Hamdi1,*
  • 1: Department of Management, Faculty of Economics and Business, Ahmad Dahlan University Yogyakarta, Indonesia
*Contact email: muhammad.hamdi@mgm.uad.ac.id

Abstract

The development of new businesses is a hot topic in management research. The development of numerous theories and models has resulted from the evolution of this field of study over time by conceptualizing new components that can more effectively explain the phenomenon of new business creation. Over the past three decades, there have been a rising amount of studies on this subject, which has largely fueled this evolution process. To give academics who plan to use these models in their research an overview of this crucial field, we aim to trace the development of numerous theories and models of new business creation across time in this study. In light of the swift and fundamental changes in the business environment, we also examine the necessity to discover new components in the new business creation model.