Template-Type: ReDIF-Article 1.0 Author-Name: Stefan Huesig Author-X-Name-First: Stefan Author-X-Name-Last: Huesig Author-Name: Katalin Timar Author-X-Name-First: Katalin Author-X-Name-Last: Timar Author-Name: Claudia Doblinger Author-X-Name-First: Claudia Author-X-Name-Last: Doblinger Title: Influencing factors on the entrant's motivation and ability in the context of the disruption process: a cross-country study in the Western European PWLAN market Abstract: This paper explores how regulation affects the motivation and ability of entrant firms to create successful new sub-markets that are shaped by a potential disruptive innovation. We focus on the telecommunication industry, particularly on the hotspot sub-market, to study these effects in the context of a network industry. In this setting, the impact of a potentially disruptive innovation might be different because of the institutional embeddedness of incumbent and entrant firms. We examine this phenomenon by analysing the entrants' strategies and success of market entry into the hotspot sub-market in 17 Western European countries. The results indicate that the sub-market success of entrants in regulated markets depends both on the regulation and the resistance of incumbents to regulation in a specific country. The findings from this paper further contribute to the general understanding of disruptive innovation, suggesting that regulation can be a more powerful force than the nature of the innovation itself on market outcomes. Finally, for Western Europe's telecommunication industry, our results show a predominately sustaining innovation character of WLAN used as public hotspots. Journal: Int. J. of Transitions and Innovation Systems Pages: 4-23 Issue: 1 Volume: 6 Year: 2018 Keywords: regulation; network industry; disruptive/sustaining innovation; telecommunications. File-URL: http://www.inderscience.com/link.php?id=90708 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijtisy:v:6:y:2018:i:1:p:4-23 Template-Type: ReDIF-Article 1.0 Author-Name: Darko Kantoci Author-X-Name-First: Darko Author-X-Name-Last: Kantoci Author-Name: Emir Džanic Author-X-Name-First: Emir Author-X-Name-Last: Džanic Author-Name: Marcel Bogers Author-X-Name-First: Marcel Author-X-Name-Last: Bogers Title: From 'big data' to 'smart data': algorithm for cross-evaluation as a novel method for large-scale survey analysis Abstract: Current research is increasingly relying on large data analysis to provide insights into trends and patterns across a variety of organisational and business contexts. Existing methods for large-scale data analysis do not fully capture some of the key challenges with data in large datasets, such as non-response rates or missing data. One method that does address these challenges is the SunCore algorithm for cross-evaluation (ACE). ACE provides a view of the whole dataset in a multidimensional mathematical space by performing consistency and cluster analysis to fill in the gaps, thereby illumining trends and patterns previously invisible within such datasets. This approach to data analysis meaningfully complements classical statistical approaches. We argue that the value of the ACE algorithm lies in turning 'big data' into 'smart data' by predicting gaps in large datasets. We illustrate the use of ACE in connection to a survey on employees' perception of the innovative ability within their company by looking at consistency and cluster analysis. Journal: Int. J. of Transitions and Innovation Systems Pages: 24-47 Issue: 1 Volume: 6 Year: 2018 Keywords: statistical modelling; statistical algorithm; survey analysis; consistency analysis; cluster analysis; data trends; data patterns; data correlation; non-ignorable missing data; non-response missing data; cross evaluation; big data; smart data; innovation survey; food processing company. File-URL: http://www.inderscience.com/link.php?id=90762 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijtisy:v:6:y:2018:i:1:p:24-47 Template-Type: ReDIF-Article 1.0 Author-Name: Olivier Hueber Author-X-Name-First: Olivier Author-X-Name-Last: Hueber Title: The blockchain and the sidechain innovations for the electronic commerce beyond the Bitcoin's framework Abstract: This paper provides a description of the blockchain that underpins the Bitcoins. This paper provides a new mechanism to reinforce the credibility of online transactions based on blockchain technology. It then becomes possible to explore the future of the blockchain technology in other online electronic markets of goods and services. We assert that the blockchain technology, still linked with the BT, could become in the near future the keystone of many electronic markets and could considerably increase online transactions. A cryptocurrency regime based on sidechain is modelled and a public blockchain controlled by a central is proposed. Journal: Int. J. of Transitions and Innovation Systems Pages: 88-102 Issue: 1 Volume: 6 Year: 2018 Keywords: blockchain; sidechain; Bitcoin; cryptocurrency; memory; payment system; online market; electronic money; monetary regime. File-URL: http://www.inderscience.com/link.php?id=90770 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijtisy:v:6:y:2018:i:1:p:88-102 Template-Type: ReDIF-Article 1.0 Author-Name: Joao Ricardo Lavoie Author-X-Name-First: Joao Ricardo Author-X-Name-Last: Lavoie Author-Name: Tugrul U. Daim Author-X-Name-First: Tugrul U. Author-X-Name-Last: Daim Title: Technology readiness levels enhancing R%D management and technology transfer capabilities: insights from a public utility in Northwest USA Abstract: It is important for organisations to set their strategies so they can envision long-term goals and plans to achieve them, and there are solidly established methods and studies about the subject. To manage technology development efforts is equally important, especially to decide which technologies should be invested in and when those technologies are ready to be used. The technology readiness levels (TRL), developed by NASA, appear as a method to inform managers about the readiness of technologies under development, thus helping organisations in their decision-making processes regarding technology and product development. The objective of this study is to understand the history and main characteristics of TRLs and how the method can benefit R%D management and technology transfer. Interviews were conducted with technology managers in an electric utility in the Northwest USA, and results show that competitive advantage can be achieved through the use of TRLs. Journal: Int. J. of Transitions and Innovation Systems Pages: 48-61 Issue: 1 Volume: 6 Year: 2018 Keywords: technology readiness levels; TRL; technology readiness assessment; technology management; technology transfer; TT; R%D management; competitive advantage; energy technology management. File-URL: http://www.inderscience.com/link.php?id=90776 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijtisy:v:6:y:2018:i:1:p:48-61 Template-Type: ReDIF-Article 1.0 Author-Name: Dimitrios G. Salampasis Author-X-Name-First: Dimitrios G. Author-X-Name-Last: Salampasis Author-Name: Anne-Laure Mention Author-X-Name-First: Anne-Laure Author-X-Name-Last: Mention Title: Open innovation in financial institutions: individual and organisational considerations Abstract: This qualitative empirical paper contributes to extant literature by unveiling peculiarities of: a) the profile of an open innovation leader; b) the organisational practices and mechanisms conductive to an open innovation corporate environment, by bringing insights from the financial services industry. Thirty in-depth semi-structured interviews have been conducted with C-level executives of major financial institutions in Europe, Americas and Asia-Pacific and 100 job openings and descriptions have been reviewed. This research sharpens the understanding of open innovation in the financial industry, especially in the face of disruptive technological forces and FinTech innovation. Open innovation requires individual, organisational and cultural readiness. Integrated open innovation capabilities, dedicated open innovation teams, along, with, solid talent acquisition/retention, learning and development mechanisms, become crucial components. This paper shares novel academic and managerial implications on this dynamic co-dependence towards understanding the "human side of open innovation" and embracing open innovation practices within financial services institutions. Journal: Int. J. of Transitions and Innovation Systems Pages: 62-87 Issue: 1 Volume: 6 Year: 2018 Keywords: open innovation; financial services industry; qualitative; human side; individual; organisational; interviews; capabilities. File-URL: http://www.inderscience.com/link.php?id=90781 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijtisy:v:6:y:2018:i:1:p:62-87 Template-Type: ReDIF-Article 1.0 Author-Name: Gadaf Rexhepi Author-X-Name-First: Gadaf Author-X-Name-Last: Rexhepi Author-Name: Abdylmenaf Bexheti Author-X-Name-First: Abdylmenaf Author-X-Name-Last: Bexheti Author-Name: Sadudin Ibraimi Author-X-Name-First: Sadudin Author-X-Name-Last: Ibraimi Author-Name: Selma Kurtishi-Kastrati Author-X-Name-First: Selma Author-X-Name-Last: Kurtishi-Kastrati Title: The importance of intellectual capital in the selection of global marketing strategies: evidence from family businesses in Macedonia Abstract: The role of intellectual capital is becoming very important mainly because of the influence in formulation and implementation of strategies in global markets. This research examines the link between intellectual capital and global marketing strategies. This research emphasises the link that intellectual capital has in creating competitive advantage through selection of global marketing strategies. This will help companies on using intellectual capital in selecting global marketing strategies in the internationalisation process. Research results showed that there is relationship between intellectual capital and formulation and selection of strategies. Journal: Int. J. of Transitions and Innovation Systems Pages: 108-117 Issue: 2 Volume: 6 Year: 2018 Keywords: global marketing; global marketing strategies; intellectual capital; strategy formulation; family businesses; Macedonia. File-URL: http://www.inderscience.com/link.php?id=91596 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijtisy:v:6:y:2018:i:2:p:108-117 Template-Type: ReDIF-Article 1.0 Author-Name: Selajdin Abduli Author-X-Name-First: Selajdin Author-X-Name-Last: Abduli Title: The impact of human resources management on the effectiveness of family businesses Abstract: Human resources management functions, practices and procedures nowadays are very important and their role is continuously increasing if we consider an economy which relies ever more on knowledge. In this way, necessarily arises the need for careful management in the allocation and use of this labour force, not only in fulfilling the vacancy, but it is even more important to achieve and ensure increased efficiency of its use in the production process of goods and services that guarantee the growth of welfare or the level of living standard of society members. The survival of every family business is dependent on the effective management of human resources. The evaluation and performance management of employees has an impact on the increase of the effectiveness of the family business. The effective management of a family business needs to focus on reforms of the educational system and professional development of its workers. The literature review on this topic in this article is supported by the empirical analysis, in which 150 businesses in the Republic of Macedonia are surveyed. Journal: Int. J. of Transitions and Innovation Systems Pages: 118-127 Issue: 2 Volume: 6 Year: 2018 Keywords: human resource management; effectiveness; family businesses; performance; Macedonia. File-URL: http://www.inderscience.com/link.php?id=91610 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijtisy:v:6:y:2018:i:2:p:118-127 Template-Type: ReDIF-Article 1.0 Author-Name: Damiano Petrolo Author-X-Name-First: Damiano Author-X-Name-Last: Petrolo Author-Name: Massimiliano M. Pellegrini Author-X-Name-First: Massimiliano M. Author-X-Name-Last: Pellegrini Author-Name: Younis Abukhalaf Author-X-Name-First: Younis Author-X-Name-Last: Abukhalaf Title: Family firms in the Arab world: culture influences on socioemotional wealth Abstract: The Arab world is an area of growing economic significance, resulting in dynamic developing and transaction economies. In such a scenario, family firms are predominant and the backbone of the system. Due to the overlapping of the business and family logics, family firms differ from the traditional businesses, especially in terms of goal-setting and strategies. The aim of this paper is to contextualise the socioemotional wealth (SEW) perspective in the light of specific influences that the cultural embeddedness of the Arab culture asserts. For this purpose, 15 semi-structured interviews with Jordanian family businesses have been carried out. Through a coding analysis, four main cultural elements in the behavioural dynamics of Arab family businesses emerged: 1) favouritism and nepotism; 2) patriarchal approach; 3) public persona; 4) self-serving bias. We related all these cultural influences to the dimension of SEW to obtain a stratified framework which may help in understating family firms beyond traditional economic contexts. Journal: Int. J. of Transitions and Innovation Systems Pages: 128-145 Issue: 2 Volume: 6 Year: 2018 Keywords: family business; socioemotional wealth; SEW; Arab culture; contextualisation study. File-URL: http://www.inderscience.com/link.php?id=91615 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijtisy:v:6:y:2018:i:2:p:128-145 Template-Type: ReDIF-Article 1.0 Author-Name: Avni Arifi Author-X-Name-First: Avni Author-X-Name-Last: Arifi Title: Conflicts in family businesses: nature and effects Abstract: The purpose of this paper is to analyse the nature and impact of conflicts in the functioning of family businesses in Macedonia. We use a case based study, where family businesses that operate in different markets in the country are surveyed. The survey was conducted through a structured questionnaire where a representative of family business was asked about issues regarding the nature of conflict, frequency of conflict, its effect, etc. It is concluded that conflicts are inevitable part of almost all family business that were surveyed, 88% claimed that they have experienced a different form of conflict in the last 12 months and that the main negative effects were on the performance of family business. The paper gives some important information about the conflict and its impact on family business. It also has practical implication on family business owners and researchers in Macedonia. Journal: Int. J. of Transitions and Innovation Systems Pages: 188-197 Issue: 2 Volume: 6 Year: 2018 Keywords: family businesses; conflicts; functioning; effects; nature. File-URL: http://www.inderscience.com/link.php?id=91616 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijtisy:v:6:y:2018:i:2:p:188-197 Template-Type: ReDIF-Article 1.0 Author-Name: Veton Jahmurataj Author-X-Name-First: Veton Author-X-Name-Last: Jahmurataj Title: Management and development differences of family businesses between two different generations Abstract: Family businesses encounter the same success factors as all other companies, as such they need to develop a managing system and seek their position in the market in order to ensure a sustainable development. Family businesses face different challenges and, finding a mechanism to manage differences and conflicts have always been a challenge for these businesses. In this regard, many of these differences are caused by conflicts and misunderstandings between different generations and understanding the differences between generations may help family businesses creating a sustainable, long-term and competitive business. This paper presents quantitative data to address management and development differences of family businesses between two different generations (in contexts where family business is led by founders and successors) and comparing the development of these businesses between two periods of time. Journal: Int. J. of Transitions and Innovation Systems Pages: 173-187 Issue: 2 Volume: 6 Year: 2018 Keywords: family business; generational differences; business development; management periods; Kosovo. File-URL: http://www.inderscience.com/link.php?id=91619 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijtisy:v:6:y:2018:i:2:p:173-187 Template-Type: ReDIF-Article 1.0 Author-Name: Valbona Ramuka Author-X-Name-First: Valbona Author-X-Name-Last: Ramuka Author-Name: Gadaf Rexhepi Author-X-Name-First: Gadaf Author-X-Name-Last: Rexhepi Title: The impact of quality programs on family businesses performance Abstract: The role of quality programs is one of the most important aspects that family businesses should take into consideration. This requires from companies to define its quality programs, and find out which are they're most important element relating quality in order to improve it. The point of this study is to analyse the effect of the implementation of quality programs on family businesses. This is done by analysing the productivity and the financial performance by analysing the impact that implementation of quality program has. The research in conducted in 46 family businesses in the Republic of Macedonia who use different quality programs. From the empirical result we can conclude that the implementation of quality programs had a very high impact on the increase on the productivity and in the increase of the financial performance of family businesses. Journal: Int. J. of Transitions and Innovation Systems Pages: 146-155 Issue: 2 Volume: 6 Year: 2018 Keywords: quality; quality programs; productivity; performance; family business. File-URL: http://www.inderscience.com/link.php?id=91623 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijtisy:v:6:y:2018:i:2:p:146-155 Template-Type: ReDIF-Article 1.0 Author-Name: Emil Knezovic Author-X-Name-First: Emil Author-X-Name-Last: Knezovic Author-Name: Ramo Palalic Author-X-Name-First: Ramo Author-X-Name-Last: Palalic Author-Name: Azra Bico Author-X-Name-First: Azra Author-X-Name-Last: Bico Author-Name: Arnela Dilovic Author-X-Name-First: Arnela Author-X-Name-Last: Dilovic Title: Employee engagement: a comparative study of family and non-family businesses Abstract: The purpose of this study is to analyse the antecedents of employee engagement in family and non-family businesses by using the model developed by Saks (2006). Further, the study examines whether there is a difference in employee engagement between employees in family and non-family firms. A quantitative study is applied through cross-sectional survey method by using online questionnaire for data collection. The final sample consists of 126 participants out of which 68 were employees in family businesses and 58 in non-family businesses. The results gave little support for both hypotheses. The partial support was found in the model of antecedents of employee engagement while no support was found for the difference in employee engagement when it comes to comparison between employees in family and non-family businesses. Journal: Int. J. of Transitions and Innovation Systems Pages: 156-172 Issue: 2 Volume: 6 Year: 2018 Keywords: employee engagement; family business; non-family business. File-URL: http://www.inderscience.com/link.php?id=91626 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijtisy:v:6:y:2018:i:2:p:156-172