The Impact of EU Funds on the Development of a Business Model for Small and Medium-Sized Enterprises
Olinski Marian, Szamrowski Piotr, Luty Lidia
Keywords:
business model, grant, small and medium sized enterprises
Abstract:
The purpose of this paper is to assess the impact of grants received by companies on the formation
of a business model. The study covered micro, small and medium-sized enterprises based
in rural areas, which received support in the form of investment grants within the Regional
Operational Programmes 2007-2013 for northern Poland. The research was done using a direct
survey method, and covered a total of 155 companies. The results of the study indicate that
the grant obtained affected implicitly the modification of the business model elements that are
placed on the left side of the template of the Business Model Canvas. However, the tendency of
enterprises to undertake an innovative activity usually means changes in their business model
both on the left and right side. The greatest strength of the dependence was observed in the case
of relationship between the size of the company and changes in the model elements. Mediumsized
enterprises were the most active in this respect, when compared to comparison to micro
and small businesses, and changed the largest number of elements of the business model due to
the obtained grant.
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 10.7441/joc.2016.03.05
Olinski M., Szamrowski P., Luty L.(2016) The Impact of EU Funds on the Development of a Business Model for Small and Medium-Sized Enterprises. Journal of Competitiveness, 8 (3), 68-89 https://doi.org/10.7441/joc.2016.03.05
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