Jan Hauke Holste analyzes how a company can innovate and change its
business model to the degree that it can climb up the value chain.
His research synthesizes a combination of the global value chain
and the business model literature to create a new framework of
local firm upgrading. The findings of an empirical test of the
model indicate that local firms are more than just a link within a
global value chain. Each firm has a choice and inter-firm
differences indicate that there is a strong firm level factor. Next
to other factors, the founder is the key driver of local firm
upgrading. He is possibly the most important element within a firm.
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