International Journal of Entrepreneurship and Small Business (136 papers in press)
Special Issue on: Innovation in the Wine Industry
by Dean McCorkle, Rebekka Dudensing, Dan Hanselka, Ed Hellman
Abstract: The motivation for this study centres on the labour-and cost-intensive nature of wine grape production and the potential opportunities for robotic technology. The objectives of this study are to develop cost of production budgets for five representative wine grape vineyards in four U.S.A. states, assess the economic viability of wine grape production under current operating conditions, evaluate labour costs by production task, and identify common production challenges and tasks that could be augmented with robotic technology development. Investigators have worked with grower panels to develop a production budget for representative vineyards in four states, and to gather input on production tasks that the growers and technology developers feel would be most suitable for robotic technology. A stochastic simulation model was developed to assess baseline pro-forma financial statements for each vineyard size. Combined, the results help in exploring opportunities to strengthen vineyard profitability and competitiveness using robotics.
Keywords: Wine Grapes; Robotic; Technology; Stochastic; Monte Carol; Simulation; Labour; Empirical Distribution; Financial Statements; Precision Mechanization.
Innovation developments in the wine industry: a journey from the amphorae of old to the California wine cluster
by Julien Granata, Beysül Aytac, David Roubaud
LINKING BRANDING STRATEGY TO OWNERSHIP STRUCTURE AND FINANCIAL PERFORMANCE AND STABILITY: CASE OF FRENCH WINE COOPERATIVES
by Sandra Challita, Philippe Aurier, Patrick Sentis
Abstract: This research explores the relationship between the branding and financial performance of a firm while taking into account its ownership structure. Using decisional theory, we apply a normative approach to better explain the incentives and constraints of branding in two types of firms: cooperatives and investor-owned firms (IOFs). We then perform a quantitative analysis using a survey of 207 French firms in the wine sector and financial information data. We show that cooperatives are more constrained to private branding. As a consequence, they invest more in labelling, whereas IOFs are more likely to invest in private branding. Additionally, we find that branded (private and labelling) firms have poorer financial and commercial performance, as measured by return on assets and return on sales ratios, respectively. Finally, we find that the main factor contributing to the stability of financial performance is a cooperative ownership structure rather than the branding strategy.
Keywords: Branding; Financial Performance; Cooperatives; Decision Theory; Wine Industry.
Co-creating a wine: A dyadic approach to consumer experiential value and SME value creation
by Karine Garcia, Philippe Aurier, Angélique Rodhain
Abstract: Consumer and firm involvement in co-creation processes has been attracting scholarly attention. Nevertheless, few studies have focused on co-creation between customers and SMEs. We therefore investigated a single case of a wine collectively co-created through interactions on a French winemakers blog between the winemaker and twenty-five participants.
Our study sought to determine how the winemaker and customers engaged in the co-creation process and the value they derived from this experience. From a consumer perspective, our research highlights the perceived ethical value through the participants engagement at multiple levels. From a managerial perspective, this study demonstrates that customer involvement can be an effective strategy for implementing innovation at a relational and experiential level in an SME context.
Keywords: co-creation process; value; innovation; relationships; wine; SME; collective; experiential value; consumer ethical value.
Innovation in Wine Closure Packaging: The Case of Diam
by Emilie Darroman, Călin Gurău, Cyrille Mandou
Abstract: Using a case study methodology, this paper presents the company Diam, which is one of the leaders on the market for wine bottle closures, both in France and internationally. The strategic approach to the market realities, expressed through the specific needs of wine producers, retailers and customers in terms of permeability, neutrality and sustainability, is characterised by a deeply embedded integration and complementarity between the market and the innovation orientation of the firm. The capacity of the firm to develop and apply new technological improvements, supported by a strong policy of intellectual property protection, and an active strategy of marketing communications, represents an illustration of the successful application of various levers of managerial actions to enhance the performance and the market reputation of both the product offering and of the firm as a whole.
Keywords: Innovation orientation; market orientation; levers of managerial action; wine closures; cases study.
Can crowdfunding promote innovation in the wine industry?
by Nirjhar Nigam, Sondes Mbarek, Cristiane Benetti
Abstract: In this paper we study 3 leading crowdfunding platforms, specific to the wine industry, and analyse how these platforms have opened up new channels of innovation in wine industry, in meeting financing needs and in promoting consumer-winemaker engagement. The platforms are: Cruzu from the United States, Fundovino from France and Naked Wines headquartered in United Kingdom. We also study the challenges wine makers face, and how crowdfunding helps mitigate these issues. We observe that crowdfunding can be a viable means to bridge the financing obstacle which exists for bootstrapped projects or those which were unable to obtain support from the traditional financing sources such as the banks. We manually collect data from these platforms in order to highlight how innovations have been fostered via crowdfunding. We further demonstrate that improved engagement levels between consumers and producers, creates a win-win scenario for everyone.
Keywords: Wine industry; innovation; crowdfunding; financing; donation based model; reward based model; wine ratings; wine spectator rating; Robert Parker Rating; marketing; promotion; consumer engagement; innovation technologyrn.
Perspectives on Success from Indigenous Entrepreneurs in Northern Australia
by Beau Austin, Stephen Garnett
Abstract: Development of success metrics can assist entrepreneurs achieve their goals more effectively, demonstrate achievements, attract new investment/partners and build public support. However, metrics of success are based on subjective worldviews. In Australia Indigenous peoples performance has usually been evaluated from the perspective of the dominant culture, rarely with reference to the views of the Indigenous entrepreneurs themselves. This paper seeks first to outline the problematic nature of defining success, exploring the issue and potential options using three case studies of Indigenous enterprises in remote northern Australia that use wild harvested plants and animals commercially. This research opens space to discuss alternative approaches to measuring Indigenous enterprise success that acknowledge and respect cultural and contextual difference. Evaluations of the performance of Indigenous entrepreneurs must start broad, embrace Indigenous worldviews, consider context, be adaptive to changed circumstances and/or aspirations, see non-financial goals as legitimate and important, use shared definitions of success, and provide entrepreneurs and development agents (government, NGOs, corporates, etc.) with the training, tools and resources to evaluate and communicate their own success.
Keywords: Indigenous entrepreneurship; development; success; evaluation; northern Australia.
Family values and practices promoting entrepreneurial competencies among Ghanaian women
by Fanny Adams Quagrainie
Abstract: This paper explores the interplay of family values and practices in explaining the development of entrepreneurial competencies of women in Ghana. Using a feminist and interpretative approaches, 35 women entrepreneurs interviewed were selected by purposive, snowballing and convenience sampling. The findings of this study suggest a validation the assumption of family values and practices impacting on entrepreneurial activities. It also suggested a relationship between family values and practices and the development of entrepreneurial competencies. The findings revealed the possible existence of ethical and comping competencies. The paper concluded that there are some positive aspect of patriarchal family system that can be used to promote women entrepreneurship
Keywords: family values and practices, women entrepreneurship, Ghana, entrepreneurial competenciesrnrn
Entrepreneurial Motivation and Entrepreneurial Leadership of Entrepreneurs: Evidence from the Formal and Informal Economies
by Retno Ardianti, Inggrid
Abstract: Micro, Small and Medium Enterprises (MSMEs) have played a pivotal role in the economy of developing countries. Intriguingly, only a small fraction of MSMEs are legally registered as formal enterprises, and they are typically lack of entrepreneurial management. Our paper is to test the influence of formality status on entrepreneurial motivation and leadership among active entrepreneurs. To gather data, we surveyed formal and informal entrepreneurs in East Java, Indonesia. Our results show that formal entrepreneurs score higher in all dimensions of the entrepreneurial motivation variable compared to informal entrepreneurs, except for desire for wealth. Yet, only entrepreneurial opportunity is statistically significant among all the entrepreneurial motivation dimensions. Furthermore, while informal entrepreneurs seem to accept more risk and have higher achievement than their counterpart in the formal sector, this does not apply to the other dimensions of entrepreneurial leadership. For this variable, only proactive behaviour is significantly different from zero.
Keywords: Micro; Small and Medium Enterprises (MSMEs); entrepreneurial motivation; entrepreneurial leadership; formal economies; informal economies.
GRADUATION FROM SSIs TO SMEs IN INDIA: POLICIES, PERFORMANCE, AND CHALLENGES
by M H Bala Subrahmanya
Abstract: This paper explores and examines the salient features of India's Small and Medium Enterprise (SME) policy emerged since the promulgation of MSMED Act 2006. Based on these examined salient features, which are distinctly different from the policy measures introduced for the protection and/or promotion of Small Scale Industries (SSIs) (i) after India's first Industrial Policy Resolution, 1948 till 1991, and (ii) after 1991 till 2006, it delineates the three major phases in India's SSI-cum-SME policy evolution. Against this backdrop, the growth of SMEs from 2006/07 to 2012/13 relative to that of SSIs from 1990/91 to 2005/06, is evaluated. Finally, the paper identifies the current major challenges, and discusses policy imperatives for the development of SMEs in Indian economy.
Keywords: SMEs, SSIs, Policy, Performance, India, Inter-firm linkages, Innovation, Internationalization
Market Analysis, Strategy Diagnosis and Opportunity Recognition in Toy Industry
by Datis Khajeheian
Abstract: According to many market researches and industrial reports Iran is one of the biggest toy markets in the Middle East region. The Iranian toy market has been identified as a niche market with lots of unexploited opportunities. Nonetheless, the Iranian toy industry has shown inefficiency in exploiting those opportunities and to meet market demands. This exploratory research aims at understanding the reasons of such poor performance. The research made use of two phases of survey with samples from customers, influencers and in-depth interview with industry practitioners. The survey identified and prioritized existing opportunities that satisfy the purchasers demands. The interview analysis revealed the key point that the firms are highly focused on manufacturing, whereas the industry has a substantial competitive advantage in design and marketing. The major reasons for this misdirection were that the Iranian toy industry lacked a traditional structure, a strategic perspective and also absence of international cooperation.This research suggests that the Iranian toy industries need to move its focus from manufacturing, where the country has no competitive advantage, toward toy design and marketing channels. The research further suggests that the industry establish relationships with universities and educational centres to train toy experts because the industry suffer from their absence. The research also offers some practical implications.
Keywords: Entrepreneurship; Opportunity Recognition; Toy Market; Market Analysis; Industry Analysis; Business Strategy
Understanding challenges and entrepreneurial self-efficacy during venture creation for entrepreneurs in cultural and creative industries
by Daniela Werthes, Rene Mauer, Malte Brettel
Abstract: The paper empirically researches the venture creation process for entrepreneurs in cultural and creative industries, whereby the focus is on entrepreneurial self-efficacy and its impact on entrepreneurial behaviour. In doing so, a qualitative case study design is applied, and the venture creation process for ten individual cultural and creative entrepreneurs from cultural and creative industries is analysed. During the process, the entrepreneurs experience varying levels of entrepreneurial self-efficacy, which impacts their entrepreneurial behaviour. When emphasizing their business model, cultural and creative entrepreneurs are confident about finding one that matches their skills. When entrepreneurs have to take entrepreneurial action, low entrepreneurial self-efficacy reduces the number of entrepreneurial activities.
Keywords: Cultural and creative industries, entrepreneurship, entrepreneurial self-efficacy, cultural and creative entrepreneur, venture creation, qualitative research
OWNER MOTIVATION IN SMALL SIZE FAMILY FARMS: INSIGHTS FROM AN EXPLORATORY STUDY ON THE ORNAMENTAL PLANT INDUSTRY
by Giuseppe Di Vita, Valeria Allegra, Manuela Pilato, Zarbà Alfonso Silvio
Abstract: Owner motivations are a relatively new area of investigation, which has seen over the last fifteen years the succession of numerous articles and studies.Therefore an in-depth study of the owner motivation can become an useful and strategic tool for improving strategies of small firm success. This case study particularly aims to analyse this phenomenon in the context of the ornamental plant sector, considering that the characteristics of this sector may be indicative of the ongoing dynamics for modern agricultural productions. The analysis was designed and planned in order to identify the owners motivations within family farm and it was conducted by segmenting the sample into two sub-samples according to a range of different production (short or long productive cycle) and economic size farm.Results allow to highlight how emotion item is particularly relevant for owners in both groups. Affective motivation is a key factors influencing the actions and business approaches of respondents. In addition inheritance is another predominant motivation among respondents that prompted the decision to become an owner. The findings also show interesting questions that could have on the potential impact about the owners decision-making. In fact, we have identified two aspects of owner action, which can be exclusively the competence of the individual (Group A), or well distinct among managerial responsible management and commitment to operational management skills and more knowledge of human resources (Group B). Despite the limit of the research, this study contributes to report the results for a specific region and a specific sector, its empirical applications could reasonably be extensible and also applicable to other similar agricultural sectors of the Mediterranean, with a high level of technological innovation and a high level of owners know-how where there remains a strong link between businesses and socio-familiar context.
Keywords: micro size farms, innovation, ownership, organization training management.
The Leverage of Entrepreneur Skills and Entrepreneur Traits to Business Success: A Case Study of Pakistans Marble Industry
by Noor Ul Hadi, Naziruddin Abdullah
Abstract: To date, knowledge of the relationship between entrepreneur skills, entrepreneur traits, and business performance is fragmented. Therefore, this study inspects the degree to which there is statistical significance that entrepreneur skills and entrepreneur traits predict the success of marble manufacturing businesses operating in the KPK Province, Pakistan. In order to do this, we used PLS-SEM analysis on data collected from 82 small-scale mineral-based marble manufacturing units in the KPK Province to examine these possible effects. The empirical results support the relationship between entrepreneur skills, entrepreneur traits, and successful marble manufacturing. Secondly, we found that entrepreneur skills have a significant positive effect on the success of marble manufacturing within the KPK Province. It was further found that the effect of entrepreneur traits on the success of marble manufacturing in the KPK Province was marginally significant. Finally, the study develops a theoretical framework based on the collected empirical evidence.
Keywords: Entrepreneur skills; entrepreneur traits; business success; Pakistan, PLS-SEM
Viticulture and viniculture in Jundia
by Cida Sanches, Rosane Carnevali
Abstract: This study analyses the stages of creating a website to promote and divulge the viticulture of Jundia
Keywords: viticulture; viniculture; enotourism; colonial wine; handmade wine; Pope’s wine; wine route; Caxambú winery region; Jundiaí; land of the grape; Brazilian wine; enotourism; Design Science; stochastic oscillator of Wilder; levels of adherence.
Barriers and key success factors in the transgenerational transmission of family farm businesses in the French context: Theory of Hypertrophy vs. Equilibrium of life spheres proposition
by Lovanirina Ramboarison-Lalao, Albert Lwango, Francois-Regis Lenoir
Abstract: Our qualitative study explores the barriers and key success factors in the transgenerational transmission of family business farms within the French context. On the one hand, the life stories of the 26 French farm owners in our sample indicate an over-cumbersome professional sphere. This leads some farmers to neglect their personal sphere of life, which in turn has a negative impact on the potential for transmission. The single lifestyle of many French farmers today is one of the main factors compromising family farm business transmission. In addition, most farmers children appear to want less tiresome and better paid jobs, again reducing the chances of transmission. On the other hand, our findings suggest that the more dynamic the life sphere of farmers, the greater the likelihood of family business transmission. We subsequently discuss the implications of the Theory of Hypertrophy vs. Equilibrium of life spheres proposition derived from our insights.
Keywords: “Theory of Hypertrophy vs. Equilibrium of life spheres”; business transmission; farmers; trans-generational continuity.
Why we know what we know about entrepreneurial teams? Unlocking implicit assumptions in entrepreneurial team research
by Bisrat Agegnehu Misganaw
Abstract: Although literature concerning entrepreneurial teams has increased over the last couple of decades, the development of theories that can explain entrepreneurial teams appears to be scant. Based on an extensive and systematic literature review, this paper identifies three interrelated implicit assumptions embedded in current research on entrepreneurial teams. These assumptions partially hinder the development of a comprehensive theory as it relates to entrepreneurial teams. The three assumptions are: (1) entrepreneurial teams can only be studied in relation to the ventures they established, (2) all entrepreneurial teams are the same, and (3) there is always a lead entrepreneur in entrepreneurial teams. Changing these assumptions in future research may contribute to the effort of developing alternative theories that help to explain entrepreneurial teams and the phenomena of team entrepreneurship.
Keywords: Entrepreneurial teams; implicit assumptions; systematic literature review
The role of motivations and intentions in life-sciences entrepreneurship: insights from the Italian setting
by Rosanna Spano, Nadia Di Paola, Roberto Vona, Adele Caldarelli
Abstract: The aim of this study is to understand how and why intentions and motivations influence life-scientists entrepreneurial actions.
The paper employs a survey conducted among 25 life-science scholars. The data have been processed through a mixed method research approach. The first step relied upon a QCA set-theoretic method, in order to select the most typical case study in the set. The second step involved the casual process tracing, to analyse the selected case in depth.
The paper offers a comprehensive approach to understand the linkages between several factors affecting the entrepreneurial choices. Also, acknowledging that the investigation of contextual elements other than the geographical ones is at the embryonic stage, this paper complements extant literature presenting the peculiar features of the domain of life-sciences. Our findings highlight that the joint and specific effort of universities, regulators, and policy makers, is crucial to support and enlarge researchers entrepreneurship. The paper offers a more comprehensive approach to understand the linkages between several factors affecting the entrepreneurial choices. Also, acknowledging that the investigation of contextual elements other than the geographical ones is at the embryonic stage, this paper complements extant literature presenting the peculiar features of the domain of life-sciences.
Keywords: Academic entrepreneurship; intentions; life-sciences; motivations; mixed-method research.
Revisiting Hofstede in the Indian context: Understanding the influence of entrepreneurial culture on performance of micro, small and medium enterprises
by Prasannavadanan Thampi P, Amalendu Jyotishi, Ram Bishu
Abstract: The performance of micro, small and medium enterprises (MSMEs) has been closely linked to factors unique to the respective countries or regions, namely, macro environmental factors, firm specific factors and entrepreneurial factors. The influence of macro environmental and firm specific factors on Indian MSMEs has been well researched and documented. The nature and extent of the influence of culture on MSME performance has not yet been largely researched or documented. This paper attempts to see whether the cultural dimensions of entrepreneurs across different regions of India influence the performance of MSMEs. The six dimensional cultural framework identified by Hofstede and the seventh dimension brought out through the validation study done recently by Thampi et al in the Indian context are used for this study. Quantitative analysis of the inputs on the cultural orientations of MSME entrepreneurs and the enterprise performance parameters established the influence of cultural determinants on enterprise performance.
Keywords: MSME; Hofstede’s cultural dimensions; etic; emic; ethnic orientation; step-wise regression; performance; Kerala; Maharashtra; India.
Profiling entrepreneurial commitment across cultures: a Malaysian perspective
by Rahayu Tasnim, Nomahaza Mahadi, Harcharanjit Singh, Roselina Ahmad Saufi
Abstract: Is it true that certain cultures are known to illustrate higher levels of commitment to their businesses, hence complimented for their entrepreneurial triumph? And does this mean that certain cultures behave less committed to their businesses, occasioning lower entrepreneurial success? This pioneering study acknowledges the possibility of measuring entrepreneurial commitment, and seeks to characterise the psychological construct of commitment in entrepreneurs across three major cultures in Malaysia Malays, Chinese and Indians. The Entrepreneurial Commitment Model was applied, and using the PLS-MGA approach, to analyze the changes in the magnitude of commitment across all three cultures. Changes in the magnitude of affective, normative and continuous commitments were detected, portraying the uniqueness of certain components of commitment to certain cultures. A change in the magnitude of total entrepreneurial commitment was also seen, with the Chinese illustrating the highest, while both the Malays and Indians sharing similar levels. What this study puts forward signals the importance of acknowledging the fact that entrepreneurial commitment is measurable and that it can be profiled accordingly.
Keywords: Entrepreneurial commitment; Malaysian entrepreneurs; entrepreneurship and culture; PLS-MGA.
INFORMAL SECTOR AND URBAN UNEMPLOYMENT: SMALL BUSINESSES CONTRIBUTION TO LARGE LIVELIHOOD IMPROVEMENTS
by Tefera Darge Delbiso, Fekadu Nigussie Deresse, Addisalem Ambaye Tadesse, Befekadu Bezabih Kidane, Germán Guido Calfat
Abstract: Based on quantitative data collected from 450 informal sector operators and in-depth interviews with stakeholders in Hawassa city, Ethiopia, this study assesses the improvement in the livelihood of informal sector operators. Our findings show that the majority of operators (about 90%) have improved their livelihood. Operators who are native, educated, experienced, profitable, and economical are more likely to improve their livelihood than their counterparts. However, operators face challenges such as a shortage of working capital, lack of working premises, shortage of raw materials, and narrow local market base. Given the considerable impact of the informal sector on the livelihood of the operators, the government needs to seriously consider the role of the informal sector in combating growing urban unemployment.
Keywords: informal sector; livelihood improvement; small business; urban unemployment; Ethiopia
Entrepreneurship Policy in Brazil: its focus and gaps
by Candido Borges, Éder Danilo Bezerra, Glessia Silva, Tales Andreassi, Vicente da Rocha Ferreira
Abstract: This article presents an overview of public entrepreneurship policies in Brazil, and categorises them according to a model with eight types of entrepreneurship policy. In doing so, documents on public entrepreneurship policies on the websites of the 39 ministries, departments and agencies of the federal government were consulted. The results showed that public entrepreneurship policies in Brazil focus more on maintaining existing businesses, with finance policies and support for entrepreneurial, technological and innovation policies. However, few policies directly contribute to increasing the number of entrepreneurs in Brazil. These would include policies for the reduction of entry and exit barriers and policies on improving public infrastructure. It was also found that there are few policies on the promotion of entrepreneurship culture and education, which are essential if entrepreneurship is to be seen by more people as a career option.
Keywords: public policy; entrepreneurship; entrepreneurship policy; small businesses; small and medium-sized enterprises; SMEs; Brazil.
The succession process from the perspective of financial institutions: A focused view on external vs. internal succession
by Mario Situm, Stefan Märk
Abstract: Financial institutions remain the backbone of the European financial market. Their core business is the receipt of compensation for lending money to companies. However, the decision to lend is not the result of a simple process. Different types of risk have to be considered, in particular for family businesses. This paper approaches analysis of this topic in an interesting new way: combining aspects of financial theory and associated risks with the various types of internal and external succession. Financial institutions were asked to share their preferences concerning internal and external succession across a range of different associated issues. This paper provides the results of this financial institution survey as well as a comparison to existing literature. It also includes the applied combination of crises in family businesses with their succession process, moving towards an idea to determine an optimal moment for succession. Indeed, this optimal moment could be connected to recognized financial theories currently in existence.
Keywords: Family business, financial institutions, MBO/MBI, succession process
COMPARATIVE ANALYSIS OF MANAGERIAL AND ENTREPRENEURIAL FIRMS OF NIGERIA USING ENTREPRENEURSHIP AND KNOWLEDGE CAPITAL
by Chikwelu Mbonu, Hari Shankar Shyam, Milindo Chakrabarti
Abstract: The shift from the managed to entrepreneurial economy in the developed western economies featured the importance of small entrepreneurial firms in economic growth. The entrepreneurial economy featured the relevance of knowledge capital and entrepreneurship capital at both the micro and macro levels of the economy as the most innovative countries and industries are the ones with greatest investment in research and development. It becomes imperative to observe these variables at the firm level in a developing country like Nigeria that is searching for solution for economic diversification. Developing countries features a mix managed entrepreneurial model showing that both large managerial and small entrepreneurial firms are relevant to the economy. Questionnaire and unstructured interview were used to gather data from the two types of firms. The data were analyzed using EXCELL and SPSS software and the hypotheses tested with T- test. The result reveal that the small entrepreneurial firms have fared better than the large managerial firms and so are the hope of countrys potential for economic diversification and economic democracy. Triple helix approach is bound to increase the levels of knowledge and entrepreneurship capital in these firms.
Keywords: managerial firms; entrepreneurial firms; knowledge capital; entrepreneurship capital; economic diversification.
THE NEXUS BETWEEN ENTREPRENEUR SKILLS AND SUCCESSFUL BUSINESS: A DECOMPOSITIONAL ANALYSIS
by Naziruddin Abdullah, Noor Ul Hadi
Abstract: Entrepreneurship, which then began as a concept in 1700s, has now become a buzzword. Specifically, the concept has been practically spread over all sectors of the economy, and across countries and regions; Pakistan is not an exception. Today, although the notion of entrepreneurship is more or less understandable, the measurement is not. Equally true, what impact the entrepreneurship skills has on business success is not widely known, let alone empirically measured. It is for this reason the present study is conducted. The results obtained in this study lead to a number of implications; policy, theoretical and empirical. In relation to policy, marble manufacturing units depend on entrepreneur skills; top among which is the resiliency skill. Second, in reference to theoretical and empirical, the results of this study have contributed to the advancement of theory and understanding of entrepreneurship, as well as provided empirical evidence to support the theory at large.
Keywords: Marble manufacturing industry; Pakistan; entrepreneur skills; success.
Entrepreneurship in the Third Age: Retirees' Motivation and Intentions
by Eli Gimmon, Ronit Yitshaki, Shira Hantman
Abstract: This exploratory study of motivation for entrepreneurship in later life extends the concept of active aging which in recent decades has attracted growing research attention in contemporary Gerontology. Motivation of older adults toward entrepreneurship has been underexplored. Previous research shows mixed results regarding the effect of pull and push factors on entrepreneurial intentions. We employed a mixed methods approach while data was collected from a homogeneous cohort of retirees. rnFindings indicate that older adults' motivation to become entrepreneurs is centered mainly on pull factors such as self-fulfillment, increasing personal well-being, self-realization and enhancing personal interests. Older adults may consider becoming entrepreneurs as part of their active aging perceptions. These findings have implications for designated training programs for older adults that aim to promote their motivation and foster their skills to launch entrepreneurial activities.rn
Keywords: Active aging; Entrepreneurial motivation; Entrepreneurial intentions; Older adults' education.
Does Transformational Leadership Matters in Gazelles and Mice: Evidence from Bosnia and Herzegovina?
by Ramo Palalic, Benjamin Durakovic
Abstract: The purpose of this paper is to examine gazelles and mice, their transformational leadership style level and its relationship with business performance. The study is a quantitative approach based on survey data collected from business owners and CEOs across Bosnia and Herzegovina. The quantitative results show that gazelles apply more transformational leadership compared to mice. In the long term, we suggest gazelles to improve transformational leadership styles in order to maintain their growth and development. Leaders of mice should be aware that transformational leadership can influence their transformation into gazelles if it is fully implemented. Both gazelles and mice should work on intellectual stimulation that can create and produce proactiveness in the long term, giving them more strength and synergy for being a first mover in the market. The research also draws implications for managers and business owners regarding transformational leaderships effect in creating a growth model for mice to reach gazelles level, while simultaneously suggesting how gazelles should behave in order to retain their current title. This is the first empirical research that examines transformational leadership styles effect on business performance in gazelles and mice.
Keywords: Gazelles; Mice; Transformational leadership; Business performance; SMEs.
Adequacy of Agency Theory in Explaining the Venture Capitalist Entrepreneur Relationship: A Firm Life Cycle Perspective
by Swati Panda
Abstract: This paper explores the adequacy of agency theory in explaining the Venture capitalist (VC) entrepreneur relationship through a firm life-cycle perspective. In the process, it draws the temporal boundaries in the relationship which are adequately explained by the agency theory. The findings indicate that early stage relationships are plagued little by agency risks while the relationships that are developed at an advanced stage suffer from severe agency risks. Based on these findings, its prudent for the stakeholders in the early stages to invest in relational mechanisms for curbing agency risks while contractual mechanisms are essential for advanced stage relationships. The findings have important implications for VC-Entrepreneur relationships as it can lead to better decision making through increased level of cooperation.
Keywords: Agency theory; Entrepreneurship; India; Information asymmetry; Goal incongruence; Venture capital.
Reinvention of management innovation for successful implementation
by Philippe Giuliani, Marc Robert, Frederic Le Roy
Abstract: This papers primary aim is to show how a management innovation is implemented due to the creation of another new management innovation through an endogenous process. We call this process the reinvention of a management innovation. Building on management innovation implementation literature, we elaborate a theoretical framework that details the endogenous mechanisms through which the implementation phase of a management innovation can be the foundation of another management innovation. A management innovations adoption does not necessarily require its adaptation. Adopting a management innovation may lead to the generation of another management innovation in order to successfully implement the first management innovation. We use the term reinvention when a management innovation is generated through an endogenous process. We used an exploratory method based on a qualitative and longitudinal case research study. The present paper contributes to the understanding of emergence and implementation process of management innovations.
Keywords: Management innovation; Implementation; Reinvention; Multinational Company.
Development of Rural Group Entrepreneurship in Indonesia: Benefits, Problems, and Challenges
by Istiqomah , Wiwiek Rabiatul Adawiyah
Abstract: Rural entrepreneurship especially for women has been imperative because various entrepreneurial activities have empowered them in social, economic and cultural fields.The strategy of using group to foster rural entrepreneurship has been appealing for development planners and donors. With such a spirit, Bank Indonesia in collaboration with the village authority has developed a women business group in Papringan village, Banyumas district, Central Java through the provision of trainings, production tools, a gallery, and support to participate in trade fairs. Using interviews as the main data collection, this paper presents the lessons learned from this initiative particularly from three aspects: benefits as members perceive, problems and ways to deal with them, and challenges facing the group in the future. The results show the following findings: a) equal level of skills or complementary skills among members could be an important aspect to develop group entrepreneurship, b) providing gradual victory could be important to retain and motivate members, and c) member recruitment should consider their motive. Because the supervision will soon come to an end, the mission of the group should be clearly defined whether it serves as a business entity or a business incubator for villagers who want to learn to be entrepreneurs. rn
Keywords: rural development; rural entrepreneurship; female entrepreneurship; group entrepreneurship.
Intrinsic Entrepreneurial Motivation Factors: Gender Differences
by Paul Daulerio
Abstract: In the last two decades the growth in female-owned entrepreneurial ventures has accelerated dramatically. Despite this, there is sparse research regarding gender differences in key intrinsic entrepreneurial motivation factors. This paper adds to the extant literature regarding this topic in the context of the post-2007/2008 U.S. economic recession. I examine each of the three most often cited intrinsic entrepreneurial motivation factors, i.e., (1) Challenge and Achievement Focus, (2) Acceptance, Appreciation, and Self-Esteem, and (3) Self-Fulfillment and Creative Outlet. My findings suggest that these key intrinsic entrepreneurial motivation factors are stronger for female entrepreneurs than male entrepreneurs.
Keywords: entrepreneurial motivation factors; female entrepreneurs; entrepreneurial venture importance; intrinsic motivation factors; challenge; achievement; acceptance; appreciation; self-esteem; self-fulfillment; creative outlet; U.S. recession; male entrepreneurs; small business job creation.
The Mediating Impact of Personality Traits on Entrepreneurial Intention of women in Northern Montenegro
by Muhammet Sait Dinc, Minela Hadzic
Abstract: Entrepreneurs are imperative for the long-term economic growth of any country. By taking different factors in considerations, researchers are trying to discover how important entrepreneurial intention is. This paper examines three most important groups of factors affecting entrepreneurial intention of women in the north region of Montenegro. The study uses path analysis to understand the impact of personal background, personality traits, and environmental factors on entrepreneurial intention of women. According to the framework of the study, personal background and environmental factors have an impact on entrepreneurial intention of women through personality traits. The relationships between variables were evaluated using factor analysis, reliability, descriptive statistics, correlations, and regression in this study. The research is based on a sample of 202 women in Northern Montenegro. The study demonstrates that personality traits have a mediating influence between business experience, family support, government support, entry barriers to business, and entrepreneurial intention of women. The study shows the factors influencing entrepreneurial intention of women in a developing and transitional country.
Keywords: Personal background; Environmental factors; Entrepreneurial intention; Women; Northern Montenegro.
Social Entrepreneurship and Embedded Ties A Comparative Case Study of Social Entrepreneurship in Norway
by Berit Irene Vannebo, Jorunn Grande
Abstract: This article investigates what purposes social entrepreneurs serve in a social democratic welfare state. More specifically, the article investigates how important embedded ties are to the success of social entrepreneurs in Norway, and to what extent social entrepreneurs depend on institutional partnerships to build and maintain their ventures. To explore these questions the authors study four social entrepreneurs in Norway. The findings show that social entrepreneurial initiatives in Norway develop at the intersection between public agencies, research and development institutions, commercial actors, and civil society (volunteer organizations and non-profit NGOs). The authors pay specific attention to the role of the welfare state in facilitating the development of social entrepreneurship in the Norwegian context, and find that social entrepreneurial ventures often depend on state-supported embedded ties and develop in collaboration with key public actors.
Keywords: Social entrepreneurship; embeddedness; public sector; welfare state; Norway.
ACCESSING EXTERNAL NETWORKS: THE ROLE OF FIRMS RESOURCES AND ENTREPRENEURIAL ORIENTATION
by Angelo Riviezzo, Antonella Garofano
Abstract: Although a number of studies investigated the role of firms internal resources and corporate entrepreneurship activities in determining the access to new resources through external networks, there is a lack of empirical research regarding their combined role. By using survey data from 224 Italian medium-size firms operating in manufacturing industries, we examine how internal resources and entrepreneurial orientation may be related to the use of networks and how entrepreneurial orientation may positively enhance such relationship by enabling the exploitation of new resources. Implications of our findings and directions for future research are discussed.
Keywords: Networks; entrepreneurial orientation; resources; SMEs.
Surviving small and medium tourism accommodation businesses: aligning strategic entrepreneurship orientations with industry programs
by Melissa Li Sa Liow, Aik Lee Chong, Angelina Seow Voon Yee
Abstract: Arising out of defunct national and enterprise programs, there is a call to identify strategic entrepreneurship orientations to ensure the survival of small and medium tourism accommodation businesses. Building on previous entrepreneurship literature, a performance framework was constructed from 322 respondents through a postal survey. Based on multivariate analysis and primary data, we found that the survival factors included: a need for more entrepreneurial owners and managers to operationalise a knowledge creation process in their businesses. A knowledge creation process is found to have positive effects on their business performance. An important finding identified by this study revealed that brand-related initiatives are redundant, but forging unique customer experiences is indispensable. Our program recommendations aim to guide policymakers and entrepreneurs in following these identified factors. Finally, our findings in Malaysia may be useful for small and medium tourism accommodations businesses in other developing countries.
Keywords: entrepreneurship; small businesses; small and medium enterprises; developing countries; travel and tourism; branding orientation; entrepreneurial orientation; customer orientation; knowledge creation process; performance; structural equation modelling; analysis of moment structures; Malaysia.
Linking adult education and training to Small and Micro-Enterprise promotion policies and institutions for self-employment in South Africa
by Celestin Mayombe
Abstract: The article investigates the relationship between the small and micro-enterprise (SME) promotion policies and institutions, and the practice in adult education and training (AET) programmes for self-employment in South Africa. The concern that informed this article is that adults who face long-term unemployment remain unemployed after completing the AET programmes. It was not clear why adult trainees do not enter self-employment after obtaining the required skills. The findings reveal thatlinkages of AET programmes to SME promotion policies and institutions are not effective in providing post-training support for micro-enterprises of graduates because centre managers and trainers have inadequate knowledge of the policies and the respective custodian institutions, and they are poorly informed about the application processes. The AET centres do operate in a vacuum, without considering institutions which could facilitate access to essential post-training support, community resources, public goods and services.The author concludes that without linking the AET programmes to SME promotion policies and institutions for self-employment, graduates will continue finding it difficult to be integrated into the labour market which perpetuates unemployment and chronic poverty in South Africa.
Keywords: Adult training; self-employment; micro-enterprise; post-training support; South Africa.
Ascetic Entrepreneurs an Elite Prosopography
by David Kee
Abstract: Asceticism has been advanced as a contributing factor to successful entrepreneurship. This paper reflects the testing of this construct with a prosopographical case study of six elite entrepreneurs. Bridging three centuries of new entry creation of sustained growth, this study verifies that asceticism is an appropriate explanatory mechanism and ethical standard for start-up viability and entrepreneurial success.
Keywords: Asceticism; Entrepreneurial Orientation; Ethics; Max Weber; Protestant Work Ethic; Prosopography; Asa Candler; Hans Wilsdorf; Sam Walton; Ingvar Kamprad; Bill Marriott; Truett Cathy.
Examining a Brazilian Internet Start-Up from a Knowing Organisation Perspective: The Case of Cuponeria
by Mariana Brandão, Gabriel Cavalheiro, Luiz Antonio Joia
Abstract: This paper explores the dynamics of the process of developing an entrepreneurial opportunity in a developing country, namely in Brazil. This process is analysed using the knowing organisation framework, which postulates that learning and innovation in organisations result from managing the processes of sensemaking, knowledge creation, and decision-making holistically. Therefore, this article seeks to contribute to filling a knowledge gap in the management literature using empirical evidence on the growth process of a business venture offering online discount coupons in Brazil. It also attempts to understand the role of context in the entrepreneurial process associated with the launch of an internet-based service in a developing country. It became clear that the knowledge creation process focused on filling perceived gaps and involved both expanding non-traditional capabilities within the organisation, as well as acquiring expertise from outside the boundaries of the organisation.
Keywords: Entrepreneurship; Start-Up; Knowledge Management; Developing Country; Service; New Venture; Technology; Opportunity Development; Online Coupons; Knowledge Creation; Networks; Brazil.
Qualities of the growth-oriented entrepreneur
by Ville-Veikko Piispanen, Kaarlo Paloniemi, Jaakko Simonen
Abstract: This article focuses on the relationship between entrepreneurs human capital and business competences and their growth orientation in small and medium-sized enterprises (SMEs). Previous research has acknowledged that growth orientation is important in creating and developing a business. However, the research has been inconsistent and limited. Thus, the purpose of this paper is to focus on the qualities of the entrepreneur and investigate the role of growth orientation. Probit model analysis of our survey data shows that extensive experience as an entrepreneur-manager seems to decrease entrepreneurs growth orientation. On the other hand, entrepreneurs age, level of education and expectations of the industrys growth potentials have a positive influence on their growth orientation. Our findings reveal the factors that entrepreneurs themselves see as important for their growth orientation.
Keywords: entrepreneur; growth orientation; human capital; business competences; small and medium-sized enterprises (SME); probit model.
The value of communication in turbulent environments: How SMEs manage change successfully in unstable surroundings
by Badih Arnaout, Mark Esposito
Abstract: Few studies exist on how communication influences the successful implementation of change initiatives in SMEs experiencing turbulent environments. The purpose of this paper is to bridge this gap by exploring a case study where managerial communication skills influence the ability to manage change successfully in a turbulent environment. A detailed case study approach is used to describe the particular ways management uses communication to effect change while experiencing a very unstable turbulent environment. This research proposes a model where communication at its center is the means by which conceptualisation changes the process as it relates to the implementation of change initiatives in a turbulent environment. Communication is the prominent component to the successful implementation of change initiatives in turbulent environments. In other words, without the communication element, successful implementation of change in a turbulent environment is very questionable. The findings of this research point to the importance of communication as a key linking all pieces of the model together in order for SMEs to manage change successfully under environmental turbulences. Therefore, if one fails in ones communication attempts, ones change implementation will fail.
Keywords: Change management; SME; Entrepreneurship; Organisational change; Environmental Turbulences; Communication.
The Chinese are taking over. Chinese small entrepreneurs in the Cayo district of Belize.
by Carel Roessingh, Niek Vermeulen, David Passenier
Abstract: The transnational entrepreneurship debate discusses the economic and entrepreneurial consequences of transnational relations and trade for ethnic entrepreneurs. The multi-ethnic society of Belize is an example where transnationalism is an important factor because of its implications for the history, roots, and future of ethnic entrepreneurs. Our case study of ethnically Chinese entrepreneurs points to the shadow of ethnic entrepreneurship that is in danger of being forgotten in the more business and politically oriented discussions about transnationalism. In a national context where a discourse of Chinese transnational influence has developed, locally-based ethnically Chinese entrepreneurs appear to be subject to stereotyping and stigmatisation. Chinese entrepreneurs real embedding in transnational networks may be unclear and may be easy targets for gossip and unwarranted generalisation. We thus argue that the investigating a local, rural context may reveal the ambiguous social consequences of economic prosperity brought about by transnationalism.
Keywords: Belize; Chinese; transnationalism; ethnic entrepreneurship.
Mapping of International Opportunity Recognition among foreign SMEs in Iran: from a theoretical analysis to an empirical perspective
by Ehsan Soltanifar, Peyman Ajdari, Manochehr Ansari
Abstract: This paper is aimed to make a detailed comparison among international opportunity recognition (IOR) profiles of foreign Small and Medium Enterprises(SMEs) in Iran including four specific countries. After undertaking a literature review, we have conducted 44 semi-structured-interviews with SMEs from different industries which focused on Iranian markets in their IOR. Using matrix approach for data display and condensation, this analysis extracted main themes from practitioners responses by discussion based on literature, and led to a set of IOR profiles divided by each country's practice. The research indicated that most of SMEs commence their OR process by attending fairs or outgoing delegations and continue different routes based on their industrial, cultural and networking components grouped into six factors. The method we have developed for IOR-mapping could help international business scholars to analyze and compare practitioners' situation with others and it also facilitates IOR initiatives locally and globally.
Keywords: International entrepreneurship; International opportunity recognition; IOR profiling and mapping; Iran.
Educating Entrepreneurship: A Tool to Promote Self Employability
by Asma Zaryab, Usman Saeed
Abstract: The academic institutions and universities are facing unprecedented challenges in establishing the structures that may provide students a medium for new startups. Recently the perceptions have been changed, and universities are placing emphasize on academic as well as professional development of an entrepreneurial set of skills. This research aims to investigate the role of universities in fostering and developing the entrepreneurial intentions of students from different programs. Also, it confirms the effects of various educational programs in developing the entrepreneurial intentions of science, IT, engineering and management graduating students, empirically tested through the theory of planned behavior.
Keywords: Entrepreneurial intentions; entrepreneurship in education; self-employability.
Influence of unemployment and education on women intentions to start e-entrepreneurship: Evidence from Indian survey data
by Harvinder Mand, Meenakshi Atri, Amarjit Gill
Abstract: This study examines the influence of unemployment and education on womens intentions to start e-entrepreneurship. Female owners of e-businesses from India were surveyed regarding their perceptions of unemployment, education, and their intentions to start e-entrepreneurship. Findings suggest that unemployment and education positively influence womens intentions to start e-entrepreneurship in India. This study contributes to the literature on the factors that influence womens intentions to start e-entrepreneurship. The findings may be useful for investment advisors, Indian government, and entrepreneurship consultants.
Keywords: E-entrepreneurship; unemployment; education; family size; India.
ENTREPRENEURIAL ORIENTATION IN NAMIBIA: THE DOLAM COMMUNITY
by WILFRED ISAK APRIL
Abstract: Aims: This paper seeks to explore the various barriers expatriates faced in a large underdeveloped, yet entrepreneurial community of Dolam in Windhoek, Namibia. It has been a very daunting task for the communities in Dolam in attaining entrepreneurial success since Namibian independence on 21st March 1990.
Literature Review: This paper is built on the thesis that small businesses cannot grow or succeed unless they strive to be entrepreneurial and innovative. In addition the paper explores the entrepreneurial orientation of expatriates in Dolam. In the past, expatriates have settled in numerous areas, within Namibia and have seized business opportunities to establish their own enterprises, but growth to such start-ups has been limited or non-existent due to various limitations and challenges. The various dimensions of entrepreneurial orientation and the role of knowledge spillover and foreign direct investment are explored. According to Gardella (2011) there are numerous problems which hinder the development of small business namely; lack and access to finance, lack of market information and lack of managerial skills amongst many others. This paper will further explore whether expatriates in Namibia are willing to take this as inherent and what factors could prevent their businesses from success.
Methodology: This research made use of questionnaires and face to face interviews to support its methodological approaches.
Findings: This study revealed that expatriates in Namibia faired reasonable good on the entrepreneurial orientation dimensions, but the policy implications needs great improvement, if the country wish to benefit from the skills and knowledge of these entrepreneurs.
Keywords: Entrepreneurship; Dolam; Expatriates; Katutura; Namibia; Foreign Direct Investment; Knowledge Spill Over and Small Business.
What Makes You Popular: Beauty, Personality or Intelligence?
by Andrea Fronzetti Colladon, Francesca Grippa, Elisa Battistoni, Peter Gloor, Agostino La Bella
Abstract: This study explores the determinants of popularity within friendship and advice networks. We involved almost two hundreds college students in an experiment to predict how personality traits, self-monitoring, creativity, intelligence, energy, and beauty influence the development of friendship and advice networks. Our results indicate that physical attractiveness is key to develop both friendship and task-related interactions, whereas perceived intelligence and creativity play an important role in the advice network. Our findings seem to support the idea that there might be a kernel of truth in the stereotype that attractiveness correlates with positive social traits and successful outcomes.
Keywords: Advice Network; Friendship Network; Social Network; Personality; Intelligence; Attractiveness; Creativity; Peer selection; Peer influence.
Coopetition of Small- and Medium-Sized Family Enterprises: Insights from an IT Business Network
by Johanna Gast, Andreas Kallmünzer, Sascha Kraus, Katherine Gundolf, Judith Sofia Maria Arnold
Abstract: Coopetition drives prosperity and economic development. Surprisingly, despite its relevance and the presence of family dynamics which affect business behaviour, researchers have not yet explored coopetition in small- and medium-sized family enterprises. This study seeks to advance coopetition research by analysing its application by family SMEs coopeting in a German business network in the information technology sector. We explore the nature of coopetition among family SMEs, and focus on motivational drivers to coopete and the implications of coopetition. Based on the present qualitative case study on 11 coopeting family SMEs, we discovered that coopetition among family SMEs tends to be cooperation-dominated. Moreover, the decision for and implications of coopetition seem to facilitate the family SMEs non-economic goal to safeguard their socioemotional wealth. The creation of binding social ties and the fortification of the firms long-term orientation in the form of family bonds renewal are important consequences of coopetition.
Keywords: coopetition; cooperation; family firms; family SMEs; innovation; socioemotional wealth; business network; IT sector; Germany.
Entrepreneurship and Knowledge spillovers from FDI and Exports concentration, diversification
by Arbia Chatmi, Karim Elasri
Abstract: The present paper addresses the effects of goods exports concentration/diversification, services exports concentration/diversification and inward FDI, which enables knowledge spillovers, on entrepreneurial activity that is business entry in a panel of 75 countries in 2004-2012. For economies at the efficiency-driven stage, entrepreneurial activity benefits from goods exports concentration, services exports diversification and inward FDI. For economies at the innovation-driven stage, knowledge spillovers to business entry come from concentration in both goods exports and services exports. For economies at factor-driven stage, goods exports diversification and services exports concentration generate knowledge spillovers for business entry.
Keywords: Entrepreneurship; Exports; Goods; Services; Countries; Economic Development.
Entrepreneurship Policy to Overcome Barriers to New Firm Growth in a Developing Economy: Evidence from Oman
by Abdullah Al Shukaili, Marco Cucculelli, Jose L. Gonzalez-Pernia, Inaki Pena Legazkue
Abstract: The debate continues over the effectiveness of entrepreneurship policy to address market and institutional failures, as mixed findings from the literature have led to unclear conclusions. While this subject has been extensively analysed in advanced economies, little is known about the impact of entrepreneurship policy in developing countries. The purpose of this study is to examine the extent to which current insights on entrepreneurship policy are applicable to less developed countries, where market and institutional failures are more pronounced. More specifically, the implementation of a government support programme a programme aimed at granting loans for venture growth in the context of a developing economy is assessed. Using bias-corrected matching estimation techniques, the results reveal that a policy designed to address severe financial market failure in a developing economy positively contributes to new firms overcoming barriers to growth during the critical early stages of their development.
Keywords: Entrepreneurship policy; government loan support program; new firm growth; developing economies.
Opening the Black Box of Small-Firm Networks: Governance Mechanisms and their Impact on Social Capital
by Douglas Wegner, Kadigia Faccin, Pietro Dolci
Abstract: The literature on business co-operation and Small-Firm Networks (SFNs) is silent regarding the effects of governance on relational variables such as entrepreneurs social capital. Based on this assumption, we analysed how the governance mechanisms of SFNs influence the social capital of participant entrepreneurs. The research was based on a survey involving 212 firms from 49 different Brazilian SFNs. Results show that governance mechanisms of SFNs influence both the individual dimensions of the entrepreneurs social capital (structural, relational and cognitive) and the aggregated variable. Centralisation of decision-making is the main governance mechanism that negatively influences social capital. Our paper contributes to theory by showing how the design of governance mechanisms in SFNs affects social relations and the entrepreneurs' social capital. The study also provides network managers with practical insights on how to govern SFNs in order to make the co-operation effective and avoid side-effects on members' social capital.
Keywords: small-firm networks; governance; social capital; cooperation; business networks.
Human capital management at incubators successful in new firm creation: Evidence from Japan
by Nobuya Fukugawa
Abstract: Supporting entrepreneurial activities in high-tech sectors has a significant implication on growth of knowledge-based economies. A number of business incubators have been established in Japan since the 1990s to revitalise a stagnated economy through the promotion of high-tech entrepreneurship. This study quantitatively examined characteristics of incubators which were successful in new firm creation, with a focus on human capital management according to technologies and life cycle stages of startups to which incubators gave support. The results of panel estimation reveal that the breadth of professional experiences of incubation managers is positively associated with new firm creation in electronics, while specialisation matters for the creation of biotechnology startups. These results are observed only for incubators which give support to nascent entrepreneurs. Alliance with and proximity to universities are positively associated with incubators success when they are devoted to assisting nascent entrepreneurs, which is salient in biotechnology.
Keywords: business incubators; entrepreneurship; incubation managers; innovation intermediaries; innovation policy; knowledge-based economies; sectoral innovation systems; economic growth; new firm creation; Japan.
Social Capital, Knowledge Management and Innovation Performance
by Maryam Ghaedi, Mehrdad Madhoshi
Abstract: The present study was conducted to explain the role of social capital in innovation performance with the mediating effect of knowledge management in knowledge-based companies. The population in the present descriptive survey included all knowledge-based companies established in the Science and Technology Park of Tehran University. Data analysis was conducted using structural equation modeling and WarpPLS-5 software. The results indicated that social capital affects organizational knowledge management; however, its effects vary based on the type of activities. It was also shown that social capital affects soft knowledge management activities (including creation and transfer of knowledge, but its impact on hard knowledge management activities is not significant. Moreover, it was found that improving knowledge management in companies requires the availability of appropriate structures and technologies in addition to trust-based interactions between organizational members or, in other words, the development of organizational social capital.
Keywords: Innovation performance; Social capital; Knowledge management; Knowledge-based companies.
Social Entrepreneurship by Co-operative: Examining Value Chain Options of an Indigenous Fishermans Co-op
by A.K.M. Shahidullah, Durdana Islam
Abstract: Indigenous cooperative supporting community development objectives has potential to flourish as a social enterprise. Our study draws on social value creation and value chain to find value addition opportunities of a community-based cooperative. Field study was conducted in Norway House Cree Nation community, Northern Manitoba, Canada, adopting qualitative case study methods. We surveyed fisher-households and cooperative members. As well, we conducted semi-structured interviews with experts, government officials, NGO personnel, fish distributors, retailers, and marketing agents. We also held two focus group discussions in the community. We observed that the studied cooperative operates only as a supplier to the primary market. Results show, intervention in the upstream value chain with establishment of modern processing facilities would ensure cooperatives participation in the secondary markets, create employment opportunities in the community, and enhance its capacity for further social contributions. We conclude that, value chain intervention, if made at the community level where producers work corporately as a primary suppliers under a cooperative, create further value in the society.
Keywords: Social entrepreneurship; Fisherman’s Cooperative; Value chain; Value creation; Indigenous community.
Performance Implications of the Interrelationship between Risk-Taking and Family Support for Women-Owned Businesses: Evidence from South Africa
by Brownhilder Ngek Neneh
Abstract: Extant entrepreneurship literature has often accentuated the importance of understanding entrepreneurial risk preferences, as excessive or averse behaviors towards risk could significantly affect entrepreneurial outcomes. Women entrepreneurs, in particular, have been noted to be more risk averse than their male counterparts, however, little is known about how the risk-taking propensity of women entrepreneurs influences the performance of their businesses, especially in developing countries. This study made a contribution in this domain by examining the association between risk-taking propensity and the performance of women-owned businesses in a developing world context. Also, given the increasing evidence of a strong interlink between the business and family context for women entrepreneurs, this study postulated that the risk-taking to performance nexus could be moderated by family support. The findings indicated a positive association between risk-taking propensity and the performance of women-owned businesses. Moreover, this association was positively moderated by financial and emotional family support. The study makes a contribution to the current knowledge base by illustrating the interrelation between the trait approach and the family embeddedness approach on entrepreneurial outcomes for women entrepreneurs. Furthermore, the policy and practical implications of the findings are discussed.
Keywords: Risk-taking propensity; women entrepreneurs; firm performance; family support.
Identifying Sources and Roles of Networks in International Expansion among Small Businesses in a Less-Technology-Intensive Industry
by Byoungho Jin, Bharath Ramkumar, Wendy Hsiao-Chun Chou
Abstract: The purpose of this exploratory study is to examine how small businesses in a less-technology-intensive industry gain and utilize networks strategically to facilitate their internationalization process. Using a multiple case study method, this study found that small businesses in a less-technology-intensive industry gain networks through business consultants, fans and friends (personal networks), government institutions, diaspora, embassies and trade fairs. These network sources are strategically utilized in various stages of the internationalization process such as gaining knowledge about a new market (before foreign market entry), assisting in marketing and promotional activities (after foreign market entry) and connecting with international partners (both before and after foreign market entry). This study extended the networking approach of internationalization theory to a less-technology-intensive industry, by identifying network sources and linking these to their specific roles in the internationalization process of small businesses. Small businesses can learn from the findings of this study on how to expand their existing networks in todays global marketplace and gain a competitive advantage. The unique sources of networks identified in this study may be valuable to small businesses in the less-technology-intensive and highly consumer-driven industries.
Keywords: small business; networking; internationalization; global; consultant; case study; less-technology-intensive; apparel and related industry.
PHOTOGRAPHY AS VISUAL LEARNING TOOL IN ENTREPRENEURIAL EDUCATION
by Marina Dabic, Barbara Unkovic, Ivan Novak
Abstract: We live in an age of pervasive visual imagery all around us there are arguments that a more focussed toward visually oriented educational system is needed which should build pathways on visual literacy.\' By analyzing, interpreting and debating the content of photographs the theoretical or conceptual development is facilitated. The visual learning tool presents a starting point for further research on visual tools and their impact on the subsequent performance of students in non-business and business entrepreneurship courses. The tool tailors professional settings that require high visual decoding skill and visual information acquisition and encourages higher education system to produce multiliterate graduates able to get along in the volatile global environment.
Keywords: : entrepreneurial education; photography; visual tools.
Investment Readiness and Access to External Finance among Ghanaian Small and Medium-Size Enterprises
by Edward Nii Amar Amarteifio, Siaw Frimpong
Abstract: The importance of SMEs in the process of transitioning from a planned economy to a market economy is now recognised in the body of knowledge on SME investment readiness. This study examined the investment readiness of SMEs and its access to external finance in the Accra Metropolis in Ghana. A mixed method approach, employing both quantitative and qualitative research methodology were utilized. Face-to-face interviews, using questionnaires were employed to collect data from 500 owner/managers of SMEs in the metropolis. The results of the study revealed that investment readiness variables such as owner/managers age, financial leverage and financial information had significant positive relationship with access to external finance of SMEs. It was recommended that government should support SMEs and also develop programmes to enhance investment readiness amongst SME owner/managers.
Keywords: Investment-readiness; access to external finance; Small and Medium-Size Enterprises; Ghana.
The Lioness from Peki'in
by Osnat Akirav
Abstract: This study explores two questions: What are the obstacles that Druze women face in both their traditional society and Israeli democratic society when they want to become entrepreneurs? And secondly, how do they overcome these obstacles? To answer these questions we use a case study analysis: the story of Savta Gamila (Savta means grandmother in Hebrew), a religious Druze woman who manufactures and sells herbal soaps worldwide. A combination of personal characteristics and the ability to recognize opportunities and act upon them helped Gamila overcome the obstacles to becoming an entrepreneur.
Keywords: Women's entrepreneurship; Druze women; Tefen Industrial Park.
Early Growth States of Small Businesses in China: the Business Model Perspective
by Michael Jijin Zhang
Abstract: In this study, we drew on the business model research and the stage theory of business growth to develop a five states model of how small businesses in China grow in their early existence. The model suggests that a Chinese small business may progress through five states of early growth, depending on the extent to which the business addresses the four fundamental issues in business value (for whom to create value, what value to create, how to create value, and how to capture value). To evaluate the validity of our model, we developed a survey instrument for assessing the five different growth states and collected the survey data from 100 small and micro businesses operating in the City of Changsha in China. A factor analysis of the survey data provided some initial evidence for the model structure.
Keywords: small businesses; business growth; business model; China.
ONTOLOGIES AND EPISTEMOLOGIES IN KNOWING THE NEXUS IN ENTREPRENEURSHIP: BURNING RICE HAY AND TRACKING ELEPHANTS
by Yolanda Sarason, Michael Conger
Abstract: The distinctive domain of entrepreneurship has been defined as the nexus of the entrepreneur and opportunities. We argue that this definition, as well as dominant research in entrepreneurship, is rooted in a Western perspective situated in market-based economies. In order to further the understanding of the dominant assumptions of the nature of the nexus (ontology) and our understanding of the nexus (epistemology), we interpret and reinterpret a case of an entrepreneurial venture in Vietnam. We propose that a multi-paradigm analysis in entrepreneurship will yield insights that are applicable to a more global perspective of entrepreneurship.
Keywords: Philosophy of Science; Ontology; Epistemology; Entrepreneur Opportunity Nexus; Paradigm; Subjective; Objective.
Managing Rapid Change and Rapid-growth in Emerging Industries
by Hamid Etemad, Christian Keen
Abstract: Increasingly, competitiveness is not an option for firms that seek to survive and grow in the interconnected world. Countries, and industries are facing an unprecedented change in their business structures with new young and dynamic firms reshaping old business models as smaller firms are internationalising successfully. They are not only entering developed economies; but also in emerging economies due to globalisation, removal of barriers and open-trade policies. At home, they are becoming the drivers of jobs and wealth creation and innovation. We posit that emerging industries are also affected as rapidly-growing enterprises (RGEs) change and challenge industrys operating environments. In developed economies RGEs are dynamic, take advantage of newly-emerging or fragmented markets to deliver higher values in spite of their constrained resources. In the emerging economies, the dynamism and liberalisation of international markets are changing the relative values of resources and increasing the importance of becoming a learning organisation for which RGEs offer an excellent model. The paper presents a theoretically based framework to facilitate and guide the transition. A discussion in the Conclusions explores implications and suggests public policy recommendations
Keywords: Competitiveness; entrepreneurial mind-set; international networks; internationalisation; learning organisations; RGEs.
THE ROLE OF INSTITUTIONAL ELEMENTS IN STRATEGIC ACTIVITIES OF SMALL BUSINESS PRACTITIONERS
by MARCIO MARIETTO, FERNANDO SERRA
Abstract: This study offers different perspectives for observing the phenomenon of Strategic Practice of managers and sales persons in small stores located in an organisational field through the lens of Strategy as Practice (S-as-P) and Institutional Theory. Qualitative participant observation procedures were used in the largest Latin-American cluster of bridal stores and involved strategic work using the institutional elements of Weddings. The results indicated that the institutional and dynamic elements of the symbolic ritual of wedding enable the interaction among practitioners in their strategic activities. This provides legitimacy and, consequently, the survival of the organizations. We present a model in which the propositions seek to direct future studies of S-as-P with the assumptions of Institutional Theory. The study also contributes analysing strategic activities of small business practitioners to increase the potential for future empirical researches.
Keywords: Strategy as Practice; institutional theory; small business; practitioners; strategic activities; participant observation; organizational field; technical and institutional environment; small bridal stores.
The limited innovation of small businesses in the solar photovoltaic sector in the USA. Is Small Business Innovation Research program such a boon for US small businesses?
by Xue Han, Jorge Niosi
The impact of regional systems of innovation on the formation of university spin-offs by biomedical star scientists
by V.J. Thomas, Elicia Maine
Abstract: Scientists in research universities can play a formative role in commercializing their inventions for the benefit of society. University spin-off formation is increasing in importance as an alternative to licensing, and can be impacted by both micro and macro-level factors of the regional system of innovation. However, there is limited understanding of the ways in which these factors can interact to enable the formation of university spin-offs. In this study we examine how the productivity of two biomedical star scientists in co-founding university spin-offs can be supported or constrained by other elements of the regional system of innovation. Recommendations are made for research universities seeking to foster entrepreneurship through university spin-off formation.
Keywords: Star scientists; University Spin-offs; Regional Systems of Innovation; Anchor Companies; Technology Entrepreneurship; Innovation Policy; Science Policy; Academic Entrepreneurship; University Entrepreneurship; Science Commercialization; Biomedicine; Life-sciences; Biotechnology; Technology Transfer.
Influence parameters correlation in a Twitter event network
by Cristian Bisconti, Angelo Corallo, Laura Fortunato, Alessandra Spennato
Abstract: Influence measures, like Social Network Analysis (SNA) metrics, Twitter social parameters, sentiment score and influence maximisation, are used in the literature in order to provide a characterisation of the user role and the content of messages inside a social media communication network. Using a Twitter network related to the international event EXPO2015, crawled from the events page, the paper measures the correlation between different influence measurements. The aim is to obtain an influence indicator framework able to interpret different user behaviour through the evaluation of user popularity, participation, influence and polarity of texts.
Keywords: Social Influence; Social Network Analysis; Sentiment Analysis; Influence Maximisation.
A decade of the International Journal of Entrepreneurship and Small Business: a bibliometric analysis
by Maria Carmen Laudano, Giacomo Marzi, Andrea Caputo
Abstract: The purpose of this paper is to offer a complete overview of the International Journal of Entrepreneurship and Small Business (IJESB). By using Scopus and Google Scholar databases to analyse the most cited papers and the most prolific authors, the article provides a map of the knowledge produced and disseminated by IJESB taking 809 papers into consideration. Furthermore, through a keywords correlation analysis, the authors highlight the most relevant topics and the relative importance in terms of number of citations, by analysing how they are clustered together. Finally, the paper shows the past, the present, and the future trends in IJESB through a representation of the average emergence date of each keyword.
Keywords: IJESB; International Journal of Entrepreneurship and Small Business; journal knowledge structure; bibliometric; literature; review; keywords; clustering; scholar; scopus.
International entrepreneurship by particular people on their own terms: evidence of universal attributes of entrepreneurs in evolving economies
by Vahid Jafari Sadeghi, Paolo Pietro Biancone, Robert B. Anderson, Jean-Marie Nkongolo-Bakenda
Abstract: Incorporation of local people in different places into value creation through the establishment of new businesses is perceived as an entrepreneurial behaviour that promotes the internationalisation. Building on the wealth of material on internationalisation theory and regulation theory, this paper broadens the understanding of universal determinants of international entrepreneurial orientation and performance. Our results reveal that education, household income, and gender significantly contribute to the IE while we could not find any evidence to support the influence of age categories. To do so, we employed a binomial logistic regression modelling covered the data from evolving economies including Italy, Iran, and Canada.
Keywords: Internationalisation; Entrepreneurship; International Orientation; Regulation Theory; Universal Determinants.
The critical success factors of social entrepreneurship in India: An empirical study
by M.I.R. SHAHID SATAR, Shibu John
Abstract: The paper describes the social entrepreneurship (S-ENT) critical success factors (CSFs) identified from a survey study carried out in India. The ranking analysis of the survey results shows that 28 factors are rated as critical for determining the S-ENT success of a social enterprise. Further, the factor analysis revealed that the identified CSFs can be grouped into seven clusters, namely leadership, social enterprise planning, community engagement, innovative financing, human capital, legal support, and social enterprise marketing.
The outcome of the thesis provides pioneering insights through a structured framework for investigating the individual CSFs and their different levels of contribution to S-ENT success. The inventive knowledge generated out of the thesis work, can be specifically fruitful for practitioners and other stakeholders in identifying the areas of their social enterprise functioning that demand their utmost priority and attention, in identifying the skills and resources required for their venture success, in assessing their competitive edge and in helping to setup evaluation mechanism of their ventures etc. The pioneering insights can also be utilized by academicians for theory building and further analysis in the field.
Keywords: social entrepreneurship; social enterprise; critical success factors; strategic management; India; innovation management; planning.
Roles of Career Anchors and Path Dependency in the Entrepreneurial Process. Case Finland
by Rauno Rusko, Lenita Hietanen, Krista Kohtakangas, Taina Järvi
Abstract: Studies of entrepreneurship education emphasize the impact of this educational process in career and entrepreneurship development. This study focuses in particular on the impact of the decision to start entrepreneurship education at the university level. Traditionally, career anchors are associated with relatively stable career development, but through an analysis of 59 life stories, this research observed that career anchors are more flexible. This study revealed four main types of previous life paths among the students beginning the Entrepreneurship Studies Program (ESP) in Northern Finland, including their transitions between latent nascent entrepreneurship and actual entrepreneurship and between different career anchors. Entrepreneurship experiences do not always mean continuum in an entrepreneurship career.
Keywords: Career anchors; entrepreneurial process; competencies; path-dependency.
The rise of inter-firm agreements in the Japanese video game industry
by Kenichi Ohkita, Leo Dana
Abstract: The purpose of this paper is to examine inter-firm agreements between small firms and a large well-established firm; focusing on agreements involving complementary products. The well-documented emergence of the Japanese home video game industry is sourced for stylised facts to contribute to literature about the nature of complementary inter-firm agreements. Findings reveal that these agreements between small firms and a large well-established firm can be truly symbiotic, allowing the small firm to build its own reputation and influence the market. Furthermore, the small firm benefits from the user base and core competency of the large firm through economies of scale, and the large firm benefits from the product variety of the small firms through economies of scope. The managerial implications of this paper offer value to both small and large firms in terms of what to look for and how to benefit from inter-firm relationships based on complementary products.
Keywords: inter-firm agreements; complementary products; video game platform; emerging market; Nintendo.
Resource Based Theory and SMEs Internationalisation: Evidences from Indian Firms
by Pranaya Srivastava, Deepak Srivastava
Abstract: Small and Medium Enterprises (SMEs) play an important role in the economic activities of any country, including in exports.
This paper examines the role of firm specific resources in the export performance of Indian automobile ancillary SMEs located in the southern and western parts of India. The firm specific resources studied are (i) entrepreneurial resources (ii) knowledge based resources and (iii) property based resources.
To gain better insights into the research, the case study method of research has been used. A total of four case studies were analysed qualitatively in which two firms were selected from southern India and two from western India. In the case study method, in-depth personal interviews were conducted at the workplace.
The study found that entrepreneurial resources, knowledge based resources and property based resources played an important role in the export performance of SMEs. It was found that global mindset and international networking played an important role in export. Participation in trade fairs was found helpful in augmenting export performance. The research showed that SMEs were using latest technologies and owners played the key role of marketer. One of the findings of the study is that SMEs relied more on internally generated financial resources.
It was also found that owners of many SME were risk averse and were passive exporters. They preferred to export through agents. Trust was found to be a significant factor in any export decision.
Keywords: Resource Based Theory; Small and Medium Enterprises; Entrepreneurial Resources; Knowledge Based Resources; Property Based Resources; Trade Fairs; Global Mindset; Networking; Technological Resources; Marketing Resources; Slack.
The Effect of Emotional Intelligence on Entrepreneurial Behaviour and on New Venture Creation: An Egyptian Perspective
by Hadia Fakhreldin, Hala Hattab
Abstract: The study investigates the effect of emotional intelligence (EI) of Egyptian entrepreneurs on entrepreneurial behaviour (EB) and on new venture creation (NVC). It examines a sample of 467 Egyptian entrepreneurs who conduct self-administered questionnaires. The analysis shows that there is a significant relationship between emotional intelligence and entrepreneurial behaviour. There are also three components of EI (Interpersonal Skills, Internal Motivation and Self-Awareness) which strongly affect the NVC. Age has a moderating effect in this relationship. rnrnFurthermore, the study analyses the differences between the necessity-driven entrepreneurs and the opportunity-driven entrepreneurs with respect to the effect of EI on EB and NVC. In general, EI affects EB significantly, but this is particularly the case in the case of necessity, as EI does not affect EB in the case of opportunity-driven entrepreneurs. The effect of EI on NVC is significant in both cases. Looking at the components of EI, the analysis shows differences between cases of necessity and opportunity. The results have practical implications on entrepreneurship development and capacity building, specifically in developing countries, where necessity is more common. rn
Keywords: Emotional Intelligence; Necessity-Driven; Opportunity-Driven; Entrepreneurial Behaviour; New Venture Creation.
Interpretation of the Nexus between the Entrepreneurs and Entrepreneurial Business Opportunities in the Healthcare context: A Phenomenological Study
by Rosa Mehrabi, Jahangir Yadolahi Farsi, Kambiz Talebi
Abstract: Since few studies focused exclusively on the entrepreneurship, the entrepreneurial agents, and their interaction with the business opportunities in the healthcare area, the purpose of this paper is to interpret the intersubjective nature of the interplay between the entrepreneurs and entrepreneurial business opportunities in the context of healthcare entrepreneurship. The papers methodology is qualitative hermeneutic phenomenology. The samples of sixteen entrepreneurs in the pharmaceutical, medical biotechnology, medical devices and m-health areas of Iran were interviewed using semi-structured questions. Based on the interpretive phenomenological analysis approach, this study explores how healthcare entrepreneurs make sense of their business opportunities. The findings indicated seven spheres of the entrepreneurs' context-based insights, the entrepreneurs' context-based projections, the entrepreneurs' dispositional attributions, the external facilities in macro levels, the external facilities in micro levels, the entrepreneur's environmentally oriented actions and the entrepreneur's presupposition-oriented actions as the nature of the healthcare entrepreneurship nexus.
Keywords: Entrepreneur: Entrepreneurial business opportunity: Entrepreneurship nexus: Healthcare entrepreneurship: Hermeneutic phenomenology.
Marketing innovation and up-and-coming product and process innovation
by Marina Dabic, Andrea Razum, John Finley
Abstract: This paper focuses on the influence of different marketing innovation types impacts on product and process innovation. Marketing innovation is investigated through the report of innovation in terms of capabilities of product/service design, promotion and marketing methods. The cross-national research sample consists of 380 entrepreneurs from Croatia, Poland and the United Kingdom. The empirical results indicate significant contribution of different types of marketing innovation to product and process innovation therefore pointing towards essential importance of marketing in the firms innovation performance. Product and service design have been proven to have the most significant role in the successful product and process innovation, innovation in marketing methods contributes to radical product innovation whereas innovation in promotion to incremental process innovation.
Keywords: Marketing innovation; Product innovation; Process innovation.
Sing it out loud! The entrepreneurship of SME opera enterprises in Scandinavia
by Staffan Albinsson
Abstract: The purpose of this study is to contribute new knowledge on the entrepreneurial facets of opera production based on an in-depth study of a dozen SME enterprises. Interviews have been conducted with a semi-structured set of questions. As the studied companies are SMEs, the majority of the respondents are both their initiators, their artistic directors and their general managers in short their entrepreneurs. The analysis shows that opera entrepreneurs do, fundamentally, follow normal entrepreneurial processes in their endeavours. However, along the path of that process there is a wide variety of choices made which influence the outcome, mainly regarding the choice of repertoire and its subsequent staging. For a few, there was some entrepreneurship or project management tuition in prior education. For most, the necessary skills have been acquired through trial-and-error experiences. The study includes an attempt at an Observed Quality score and a Value-for-Money assessment.
Keywords: cultural entrepreneurship; opera; entrepreneurship in Scandinavia; entrepreneurship in SMEs; performing arts administration; cultural economics.
Investigate and analyse of the extent of considering entrepreneurship concept components in the context of professional and technical textbooks of high school first grade in the academic year 2013-2014
by Mahdi Amiri, Parvane Doodman
Abstract: The present study investigates six study questions with the aim of analysing the extent of consideration the conceptual components of entrepreneurship in the Profession and Technics textbooks of high school first grade. The study method is descriptive qualitative with content analysis. The study population includes three work and technology textbooks of seventh grade and technique and profession textbooks of eighths and ninth grades in academic year 2013-2014. Regarding the study type, the total count is used. The measure is the checklist of researcher-made content analysis and the study findings are analysed using descriptive statistics. The major findings of the study show that among the studied components in Profession and Technics textbook of high school first degree, the creativity component has the highest frequency; and the extent of considering it in the seventh grade Profession and Technics textbook is higher than the two other grades and the lowest extent is seen in the ninth grade Profession and Technics textbook. Also, the highest extent of consideration of entrepreneurship components is seen in the seventh grade Profession and Technics textbook.
Keywords: entrepreneurship; content analysis; Profession and Technics; junior high school; textbooks; creativity component; risk-taking; innovation.
The influence of entrepreneurial traits on success of microenterprises in India: a mediator analysis
by Debanjan Nag, Niladri Das
Abstract: This study examined the relationships among three entrepreneurial traits, passion for work and business success using survey data from 304 microentrepreneurs. We used path analysis to test the direct and indirect effects of the trait variables on perceptual measures of business success. Passion for work is used as the mediating variable for explaining the relationship between entrepreneurial traits and business success. The results indicated that all the three entrepreneurial traits-need for achievement, self-efficacy and locus of control (internal) was positively related to business success, and passion for work play a mediating role in this relationship.
Keywords: need for achievement; self-efficacy; internal locus of control; passion for work; business success.
Entrepreneurs' business skills and growth orientation in business development
by Ville-Veikko Piispanen, Kaarlo Paloniemi, Jaakko Simonen
Abstract: This article explores how the business skills that small and medium-sized entrepreneur possesses and value affect growth orientation in the context of business development. It focuses on the topic through a theoretical framework an entrepreneur and growth orientation. These two elements are key factors in growing and developing business and in strategic entrepreneurship (SE). SE balances two separate elements related to business development: advantage-seeking (AS) actions and opportunity-seeking (OS) actions. The findings of our exploratory quantitative study show that only the skills that entrepreneurs' value affect their growth orientation: the more entrepreneurs value a certain business skill or skills, the more significant they see their self-reported growth orientation to be. The findings further indicate the balance as strategic-oriented.
Keywords: business skill; growth orientation; advantage-seeking; strategic entrepreneurship; opportunity-seeking; balance; entrepreneur; SME.
Stressors and satisfactors in entrepreneurial activity: an event-based, mixed methods study predicting small business owners' health
by Thomas Lechat, Olivier Torrès
Abstract: Entrepreneurial activity leads to certain events that can impact both the equilibrium of a small business and that of its owner-manager. Although the health of the owner-manager is a key asset for a small organisation, the characteristics of the events he experiences and his psychological reaction to these episodes remain underexplored. This paper aims to address these research gaps, which are common to both occupational health and entrepreneurship, two fields that are rarely combined. We conducted a mixed methods study using a panel of 357 small business owners-managers. First, a qualitative longitudinal survey was administered to semantically categorise the most salient events experienced by the owners. Next, a quantitative, cross-sectional questionnaire was administered to weight the coded events through two mediating constructs: stress and satisfaction. Finally, we assessed the events' effects on the owners' health variances through linear regressions. Conceptually, our results extend the affective events theory to small business owners. Methodologically, we offer two checklists of events that capture emotional stress and satisfaction in entrepreneurial activity. Practically, certain preventive actions by medical professionals can build upon these checklists' predictive qualities regarding health. These checklists, referred to as a 'stressometer' and a 'satisfactometer', are also benchmarking tools for any self-employed.
Keywords: health; mixed methods; event; entrepreneurial activity; stress; satisfaction; small business owner.
Special Issue on: Management Innovation
Integrated software deployment and Management innovation: a bricolage perspective
by Anass Mawadia, Ariel Eggrickx, Philippe Chapellier
Abstract: This paper examines the relationship between management innovation (MI) and ERP (Enterprise Resource Planning) systems deployment in the context of small subsidiaries of an Intermediate Size Enterprise (ISE). In these small enterprises, embedded locally, the resources are limited and the necessity of doing with the means at hand while respecting the rules and directives of the group is important. The results of our intervention research show the existence of several forms and practices of bricolage (tinkering) present at several levels: intra-affiliates, inter-affiliates and group. This research shows the complementarity between both technology innovation (TI) and MI which lead to continuously improve the technology and management practices. The MI and TI co-evolution within the ISE and its subsidiaries, stimulated by the multilevel bricolage approach, allows the continuous improvement of the core model and generates a competitive advantage.
Keywords: Management innovation; Technology innovation; Small Subsidiaries; ISE context; ERP deployment; Bricolage; Co-evolution; Core model.
The Generation of Management Innovation in Microentreprises: Absorptive Capacity and Entrepreneur-CPAs relationship
by Agnès Mazars-Chapelon, Philippe Chapellier, Sophie Mignon
Abstract: In microentreprises, considering the management knowledge basis of the entrepreneur, the generation of management innovation (MI) is a crucial question. In this qualitative case study of a microentreprise, we follow Mol and Birkinshaw (2014) who claimed for research on management innovation generation, highlighting how relations with external and internal partners can deliver knowledge (2009). We focus on the entrepreneur-CPA relationship to study how the relationship between the CPA as an external change actor and the entrepreneur as an internal change actor can be a lever of MI generation in microentreprises. More particularly, we aim at understanding how the external CPAs knowledge can be internalized by the entrepreneur in microentreprises through the acquisition, assimilation, transformation and exploitation of knowledge. And more particularly, we propose to highlight the key drivers of the generation of management innovation in microentreprises through the study of the process by which a potential ACAP becomes realized (Cohen and Levinthal, 1990; Lane et al., 2006; Gebauer et al., 2012; Marabelli and Newell, 2014).
Keywords: Management innovation; Absorptive capacity; Microentreprise; Relationship; CPA; Entrepreneur.
Categorising the Internationalisation of SMEs with Social Network Analysis.
by Cláudia Ribau, António Moreira, Mário Raposo
Abstract: This paper analyses the internationalisation of SMEs highlighting the importance of social network analysis (SNA) to display the main categories involved in SME internationalisation research. Methodologically, the paper uses a systematic review of the literature as a departure point to select the main papers on the internationalisation of SMEs and uses SNA to illustrate the main categories that have been used by researchers to identify how sectoral studies (manufacturing vs service firms and single vs multiple industry) have evolved and to identify the geographical origins of the papers carried out on SME internationalisation. This study is useful for researchers and academic community alike as it embeds the three main categories found (internationalisation theories, international strategy and performance) using SNA methodology.
Keywords: SME; Internationalisation; Literature review; Social Network Analysis.
Understanding the international strategic alliances of SMEs: A case-study approach
by Rohit Prabhudesai, Ch. V. V. S. N. V. Prasad
Abstract: As the foreign firms and local SMEs in a market differ in their resources and sizes, the dynamics of strategic alliances formed between them are markedly different from the other types of cooperative ventures. Despite this, the extant literature has largely ignored the domain of SME international alliances and has focused mainly on the international alliances of large firms. The objective of this paper is to bridge this theoretical gap and provide integrated insights on the three domains of SME international alliances- formation, management and performance outcomes. To do so, the authors undertake case studies of four Indian SMEs in the manufacturing sector which have formed international alliances. Findings indicate that SMEs exhibit similarity across the three domains in their international alliances. The paper provides important research as well as practical implications.
Keywords: Strategic alliance; international strategic alliance; Small and medium enterprise alliance; SME Alliance; SME international alliance; SME governance; trust; commitment; SME performance.
Entrepreneurship: An insomniac discipline? An empirical study on SME owners/directors
by Florence Guiliani, Olivier Torrès
Abstract: The aim of this article is to highlight an area rarely addressed: the sleep patterns of SME owners. We are all aware of the importance of sleep for ones health, but sleep remains an under-investigated subject. The sleep patterns of SME owners/directors and their impact on alertness are therefore worthy of investigation. We draw on three complementary sleep assessment tools: the Pittsburgh Sleep Quality Index, the Epworth Sleepiness Scale and the Fatigue Severity Scale. We reveal our initial results based on these tools and emphasize the need to go further by comparing these tools to problems rooted in entrepreneurship.
Keywords: Small and medium enterprises; owners/directors; sleep patterns.
Growth Constraints and Management Consulting: the Case of SMEs in Peripheral Regions
by Yanay Farja, Eli Gimmon, Zeev Greenberg
Abstract: This study explores the factors that cause differences in employment growth between young SMEs in core urban and peripheral regions and whether the uneven distribution of resources requires peripheral firms to draw on management consulting to achieve growth. We applied a mixed methods approach that included a quantitative study of 155 Israeli new ventures and 10 in-depth interviews with experts from academia and experienced practitioners. Regression analysis results show that management consulting was beneficial for SMEs growth only for those located in peripheral regions. SMEs funded by money from family members grew less than the other firms. The economic development of peripheral areas needs to be carried out by providing potential business owners with two resources that are scarcer in these areas: funding and knowledge.
Keywords: Peripheral development; firm growth; Management consulting; early-stage financing; SMEs.
Special Issue on: Information Science Insights and Contributions to Enhance International Entrepreneurship
Public investment in business incubators, is it better than doing nothing?
by Francisco Jesus Ferreiro Seoane, Gonzalo Rodriguez Rodriguez, Alberto Vaquero Garcia
Abstract: The objective of the article is to measure the impact caused by business incubators on the region of Galicia (Spain) in relation with the birth of new companies, the generation of new job posts and the payment of taxes derived from that activity and, particularly, the net creation of businesses attributable to the incubators.
To analyse the profitability of the public investment made in business incubators, two methods are applied: the Fiscal Balance method and the Integral model of profitability of public resources. The first measures what has been invested by public administrations and compares it to the fiscal income obtained from the business activity generated in business incubators. The second method, based on structural equations, correlates the public resources invested with the creation of companies, the generation of employment and tax collection. In both cases, the period under study is from 2009 until 2013.
Keywords: Business incubators; public resources; creation of companies; employment;.
Find the Perfect Match: The Interplay among Facebook, YouTube and LinkedIn on Crowdfunding Success
by Kaja Fietkiewicz, Carina Hoffmann, Elmar Lins
Abstract: Since crowdfunding emerged as a new funding channel for entrepreneurial projects, the interest in factors that actually lead to crowdfunding campaigns success has arisen. Some of the possible tools for promotion of a campaign are the social media, which like crowdfunding platforms belong to the web 2.0 applications. These applications changed our cultural norms and business praxes, by creating a world where country borders became invisible and communication immediate. But how does social media affect the crowdfunders decision to pledge money for someones entrepreneurial endeavours? In this study we take a look at the influence of electronic word of mouth (eWoM) via Facebook and YouTube, as well as the impact of social capital on the business oriented service LinkedIn, on the success of a crowdfunding campaign. We examine the interplay between these different platforms and propose social media strategies for campaign initiators, which may increase their chances for being funded.
Keywords: Crowdfunding; social media; web 2.0; eWoM; Facebook; YouTube; LinkedIn.
Towards a Taxonomy of Services Offered by Start-up business Incubators: Insights from the Mediterranean Region
by Vassiliki Diamantopoulou, Aggeliki Androutsopouloou, Yannis Charalabidis
Abstract: Business incubation aims at stimulating entrepreneurship and nurturing ideas to transform them to viable ventures and drive economic growth. Since the emergence of the concept, some decades ago, the incubation process and its underlying services have been evolved, while incubators around the world are continuously increasing. These incubators vary according to their type, operation model and specialisation. The aim of this paper is to define a comprehensive framework that serves as a basis for the categorisation of all services that can be part of the incubation process. The proposed taxonomy, comprised of 8 core service categories, has then been applied on ten University associated incubators from the Mediterranean region, since the various socio-economic conditions encountered there, cause particular interest in the prospect of entrepreneurship. An indicative sample of five European, Middle East and North African countries (i.e. Italy, Greece, Turkey, Israel, Egypt) has been defined, with the Mediterranean Sea uniting them and shaping their unique characteristics. We selected to focus on the University incubators from this area as they bridge the innovation potential of research and academia communities with the real business world and can underpin a sustainable and robust entrepreneurship model. By mapping the sample with the categories of services they offer, we intended to find out how they differentiate from other types of incubators. It was concluded that University incubators fall shorter only in the provision of administrative services in relation to the typical incubators. However, the purpose of this framework is to be further used as a tool both for policy makers and support their resource allocation decisions and help the internal stakeholders of incubator activities identify and adopt best practice models.
Keywords: University incubators; services; taxonomy; entrepreneuship; incubation types; Mediterranean.
The Influence of Gender on the Adoption of Technology among SMEs
by Barbara Orser, Allan Riding
Abstract: This study explores the influence of gender on adoption of information technology (IT) among owners of small firms. In the small firm context, owner-managers are central to decision-making, including IT adoption. This potentially allows gender-related factors to influence the IT adoption decision. Accordingly, the research literature associated with female business owners is used to comment conceptually on gender-related factors subsumed among accepted antecedents of IT adoption decisions. Empirical findings are based on 21 key informant interviews. The study documents numerous perceived gender-related influences embedded within IT adoption among owners of small- and medium-sized enterprises, such that women are less likely than men to adopt IT. The implications for research, policy and practice are discussed.
Keywords: Gender; women entrepreneurs; information technology; technology adoption model; digital competencies; ICT; IT.
A Creativity Support Tool for Cognitive Idea Stimulation in Entrepreneurial Activities
by Dominik Siemon, Susanne Robra-Bissantz
Abstract: Entrepreneurship requires creative approaches to tackle many challenges faced in establishing a new business. A necessary precursor is the recognition and development of ideas in order to establish a beneficial business model. Recognizing opportunities and developing ideas requires entrepreneurs to be creative. Actively supporting the creative process can therefore result in enhanced ideas, leading to successful new products or services. Within this article, we discuss the relevance of creativity support and the use of information technology to support entrepreneurial creativity. As a part of the applied Design Science Research Methodology, we developed a Creativity Support Tool, which aims to support the divergent thinking process, which has been identified to be especially important for entrepreneurial ideation. We conducted an experiment to evaluate the efficiency of our artifact. The results indicate that the artifact, which automatically presents external word stimuli to the idea generator, is able to enhance creativity, expand the entrepreneurs solution space and supports the recognition of more idea aspects.
Keywords: Creativity; Entrepreneurship; Creativity Support; Creativity Support Tools; Idea Stimulation; Creative Stimulus.
Analysing the Role of Crowdfunding in Entrepreneurial Ecosystems: A Social Media Event Study of Two Competing Product Launches
by Karan Menon, Hannu Kärkkäinen, Jari Jussila, Raghava Rao Mukkamala, Lester Allan Lasrado, Ravi Vatrapu, Jukka Huhtamäki, Abid Hussain
Abstract: The aim of the explorative study is to understand the role of crowdfunding in the facilitation of customer engagement for entrepreneurial ecosystems, using data from two recent events of competing product launches. We conducted an event study that employed content analysis and emotion analysis, as well as social set analysis (SSA) of Facebook data to uncover and better understand crowdfunder (investor and customer) engagement and interactions before, during and after a crowdfunding campaign event. Our paper focuses especially on the role of Jollas tablet crowdfunding campaign in the development of its fanbase in relation with Nokias tablet launch during Slush 2014 event. On the basis of the above analyses and related literature, we present propositions about various types of engagement with the potential to facilitate the evolution of entrepreneurial ecosystems. We discuss the results, and evaluate the implications of crowdfunding on customer engagement for entrepreneurial ecosystems, and conclude with directions for future work. One of the key contributions of the study is the introduction of a new data source and approach for co-creative interaction between companies and their customers, as well as an approach to support the study of ecosystems from a customer perspective.\r\n
Keywords: Social Media; Crowdfunding; Social Set Analysis; Entrepreneurship; Ecosystem; Visual Analytics; Text Analytics; Emotion Analysis; Purchase Decision Making.
Special Issue on: Entrepreneurship and Strategic Innovation
The big five personality dimensions as a predictor of entrepreneurial status in Egypt
by Salma Nader Abbass Hussein, Hadia H. Abdel Aziz
Abstract: The growing role of entrepreneurship in economic development drew the attention of academics and practitioners to the importance of personality variables in developing theories of the entrepreneurial process. This is particularly true for developing countries where the need for entrepreneurial development is high and the resources are scarce, thus, there is a need to maximise the outcomes of investing in entrepreneurial development. This research aims at providing empirical evidence on how personality dimensions are correlated with the entrepreneurial status by differentiating entrepreneurs from non-entrepreneurs managers using the five factor model. The Big Five factor model is a powerful framework for understanding structure of human personality. 109 entrepreneurs and 117 managers in Egypt were asked to complete a NEO-FFI-S questionnaire examining the relationship between the variables. The results showed that extraversion, agreeableness and openness to experience are the personality factors that are highly correlated with entrepreneurship.
Keywords: entrepreneurship; personality; Big Five; Egypt.
Selection of preference order entrepreneurial skills by using fuzzy analytical hierarchy process (the case study of entrepreneurs in Iran and Malaysia)
by Younos Vakil Alroaia, Rohizat Bin Baharun
Abstract: The aim of the study is to identify and ranking the effective factors of entrepreneurs in the SMEs which are as important entrepreneurial skills for developing their activities. Entrepreneurial skills are related to the personal and interpersonal competencies of people and are expressed in their behaviour. Entrepreneurs must be able to spot a gap in the market and recognise what new product or services will fill that gap. The focus of the paper is on the development of the entrepreneur's personal entrepreneurial skills. By using Delphi method and commends of the experts' three groups of competencies of entrepreneurial skills were recognised. The FAHP method of this survey could be used for analysis and prioritising of entrepreneurial skills. Entrepreneurial skills were divided into three groups including personal, business management and technical entrepreneurial skills. The result from FAHP shows that the maximum relative weight and preference order for the third groups respectively are innovativeness, technical business management and decision making.
Keywords: entrepreneurial skills; SMEs; AHP; Malaysia; Iran.
Identification and ranking challenges facing the growth of small and medium-sized firms using DEMATEL, ANP and VIKOR (case study: administrative and official furniture manufacturing industry)
by Eslamkhah Mahdi, Maleki Reza, Azari Hassan
Abstract: Accounted for a high proportion of SMEs production and undeniable role of them in export and value added creation, has led the focus of economists from large and industrial enterprises to SMEs. Current furniture and wooden artificial production industry has become one of the most industrial branches generating employment and wealth in developing countries. This research with identifying and ranking challenges of SMEs in growth level in industrial of manufacturing office furniture depicted the conceptual model and weighted and ranked the challenges after analysing data with multiple attribute decision making (MADM). After analysing data with MADM approach, the article finds that the production and marketing and selling in main challenges set have the highest and lowest priority, respectively. After analysing the sub-criteria set within each criteria are done by the approach, the article cites offered solutions removing each of them.
Keywords: SMEs; furniture industry; multiple attribute decision making approach.
Special Issue on: Entrepreneurship Made in German (Language)
German entrepreneurs in the high-tech field: Identifying different profiles
by Dorian Proksch, Wiebke Stranz, Andreas Pinkwart
Abstract: While the media portrayal of the US entrepreneur is dominated by the young tech-savvy college dropout, the German entrepreneur is often characterized as an experienced engineer with a PhD. But is this really the case? Drawing on qualitative and quantitative data of 90 venture capital-backed new technology-based firms, this paper explores two research questions: How do the backgrounds and competencies of German high-tech founders differ and do these differences affect the success of the venture? Cluster analysis revealed three representative types of German entrepreneurs: the scientist, the practice-oriented technician, and the business professional. Surprisingly, the scientist ranks lowest in social, business and managerial competencies as well as having the lowest success. However, this founder type raises the highest investments. In contrast, the practice-oriented technician is the most successful. The results of this study offer support to investors in improving their investment strategy.
Keywords: German entrepreneurship; entrepreneurial types; human capital; competencies; NTBF; venture capital.
Requirements of German micro-sized entrepreneurial companies regarding the management of business processes
by Michael Leyer, Kirill Ivchenkov, Tony Kirschner
Abstract: Well-defined processes and their execution are of high importance for micro-sized entrepreneurial companies. Such companies have limited resources requiring an efficient management of processes and a tendency to change their processes more often. While micro-sized companies are considered as differently, prior literature on process management offers little, which tools and techniques are most suitable in efficiently managing processes in such small organisations. In order to find out requirements regarding process management from micro-sized companies, this research is first in describing specifically evidence from this target group. Our results from 20 interviews with micro-sized entrepreneurial companies from Germany reveal that here is a high need in the design and measurement of processes, while the modelling, analysis and improvement phases are of less importance. The results can serve as a guideline for adapting tools and techniques to such requirements and guide owners of such companies in understanding needs for managing processes better.
Keywords: micro-sized companies; Germany; process management; requirements.
Venture Capital for German High-Tech New Ventures: Disentangling the Role of Human Capital for Funding Success
by Robert Richstein, Elmar Lins
Abstract: This study examines the determinants of venture capital funding success in a German research context. Prior research has largely focused on the benefits of human capital, documenting the many advantages that arise out of the presence of certain capabilities and knowledge. However, countries differ with regard not only to available human capital but also to environments and the active involvement of investors. As a result, certain human capital resources might be more relevant or even compensated for. Therefore, this study investigates German new technology-based firms (NTBFs) and the role of human capital when trying to access external equity financing. We find that innovative human capital and the amount of general human capital positively affect the access to venture capital funding in Germany. Surprisingly, we find a negative correlation between the probability of accessing venture capital and the founders number of years in the industry.
Keywords: Venture capital; venture capital funding; high-tech new ventures; German new ventures; human capital.
Insights on the Self-identity of the Descendants of Family Business Owners:
The Case of German Unternehmerkinder
by Julia K. De Groote, Sabrina Schell
Abstract: The objective of the present research is to use social identity theory to elucidate the self-identity development of the descendants of family business owners and the consequences of this identity development. We develop a new understanding of the self-identity of family business heirs using a sample of 173 German and Swiss-German young adults. The starting point of our investigation is the German concept of Unternehmerkind. In German, Unternehmerkind, which literally translates to child of an entrepreneur, contains aspects of different identities and group memberships. We argue that self-identification as an Unternehmerkind is not only driven by the fact of being a descendent of a family business owner but also has a subjective component. We find that self-identification is related to individual and firm-related influence factors. Furthermore, we show that the positive relationship between the self-identification as an Unternehmerkind and the affective commitment to the firm is mediated by socialization.
Keywords: family business; social identity theory; business succession.
Entrepreneurship Education in Europe - Insights from Germany and Denmark
by Johannes Licha, Alexander Brem
Abstract: Universities all over Europe invest in Entrepreneurship education through offering structured programmes. Moreover, incubators and accelerators arise to support and complement fast growing global economy through entrepreneurial activities. Since entrepreneurship education seems to be important for economic development, the development of entrepreneurship education and effective teaching methods are discussed. For this, one university in Germany and one university in Denmark were chosen and researched with ten interviews. The structured comparison of teaching activities and methods indicates several interesting insights. Differences in organisation, structure and teaching methods between both universities could be identified, as well as similar developments concerning entrepreneurship education in general. Both universities do research in the field of entrepreneurship, offer related programmes for Bachelor and Master students and focus the study programmes on practical experiences, experimental teaching and the involvement of guest lecturers. In addition to that, they offer cross-faculty electives and extra-curricular activities to connect students from different faculties and provide the opportunity to network with inves
Keywords: Entrepreneurship education; teaching methods; Total Entrepreneurial Activity; Germany; Denmark.
Translation, Transmission, Transformation: A Century of Continuity and Change in the Chinese-German University Collaboration Chronotope
by Ewan Dow
Abstract: Germanys current PRC university collaborations cannot be seen apart from colonial-era German-Chinese cooperation: from the foundations of Tsingtao and Tongji Universities on the Chinese mainland, through to contemporary understandings of the Hochschulkolleg (Foundation College). Translation - of both knowledge and practice - is at the heart of this enterprise, from Sinologist pioneer Richard Wilhelm, to modern DAAD counterparts. What are the influences (history, ideology, globalisation, language, InterCulture) on the current wave (2000-2010) of Sino-German HEI collaborations? Combining archival/desktop research, ethnographic observation and discourse analysis of interviews from four case study universities, the author uses a cross-cultural translational approach. Parallels are drawn between first and second waves. Germans are seen as latecomers, both in colonisation and university internationalisation: overcautious, pushed into action by an Anglophone globe, quietly doing things differently in a cultural, rather than a commercial way.
Keywords: university internationalisation; university translation; university partnerships; university joint ventures; Hochschulkolleg; Foundation College; Richard Wilhelm; German-Chinese collaboration; Translation Studies; Higher Education Management; chronotope.
Experts of thoroughness and fanatics of planning? Daring insights into the decision-making of German entrepreneurs
by Silke Tegtmeier, Verena Meyer
Abstract: This paper provides two daring insights into entrepreneurial decision-making: First, we show that the cliche of German entrepreneurs as experts of thoroughness and fanatics of planning is not compatible with effectual decision-making (Sarasvathy, 2001). Stereotypically, German entrepreneurs are supposed to use causal decision-making. This challenges the basic assumption of effectuation as a cross-cultural concept. Second, we shed light on the fuzzy role of entrepreneurial expertise for effectuation. Our study is based on a sample of entrepreneurs (N = 560) and a comparison group of non-entrepreneurs (N = 351). We employed a scenario-based questionnaire to examine participants causal and effectual decision-making. Our ordered logit models reveal that German entrepreneurs use effectual decision-making more often despite their image of causal and predictive business planning. Surprisingly, the level of entrepreneurial expertise did not influence this tendency. Hence, the role of entrepreneurial expertise and deliberate practice in effectuation theory has to be rethought.
Keywords: German entrepreneurship; effectuation; causation; business planning; thoroughness; scenario-based; entrepreneurial decision-making; entrepreneurial expertise; deliberate practice; prediction; ordered logit regression; Germany.
Special Issue on: 16th ISS Conference Schumpeterian Perspectives on Entrepreneurship
Profitable Growth Through International High-Technology Product and Market Development
by Sophie Veilleux, Nancy Haskell, Donald Béliveau
Abstract: This article seeks to answer the following question: how do firms adapt their technological innovations in a way that sustains profitable growth in global markets? The context examined is small and medium high-technology firms as they face the challenges of being young firms that must serve global markets with their limited resources. A multi-case exploratory study captures the product and market development processes during two phases of the growth cycle. The comparison of five start-up firms and five growth firms from Quebec Citys photonics cluster (Canada) points to an error frequently made by start-up firms: spending too much time and money creating or adapting products for each initial customer. Growth firms, on the other hand, have built product platforms that respond to basic client needs. The results confirm the strategic role of mass customisation.
Keywords: technological innovation; mass customisation; platform; internationalisation; growth; adaptation; product development; market development; small- and medium-size firms; product family architecture.
A Comparison of the Performance of Majority Female-Owned and Majority Male-Owned Small and Medium-Sized Enterprises.
by Julio Miguel Rosa, Daouda Sylla
Abstract: This paper examines the impact of majority gender ownership on the following measures of enterprise performance: sales per employee, profit per employee, employment, innovation, ratio of authorized to requested debt financing and interest rate on debt financing. Using Statistics Canadas Survey on Financing and Growth of Small and Medium Enterprises waves of 2011 2014, as well as administrative data from Statistics Canadas Linkable File Environment, we find that gender affected all measures of enterprise performance in 2011, whereas only sales per employee and employment were affected in 2014. In 2011, majority female-owned small and medium-sized enterprises (SMEs) had lower profit per employee than majority male-owned SMEs; they were more likely to be innovative than majority male-owned SMEs; they had lower ratio of authorized to requested debt financing than majority male-owned SMEs; and they also faced higher interest rate on debt financing than majority male-owned SMEs.
Keywords: Entrepreneurship; majority gender ownership; financial constraints; firm performance.
Experiences Using a Science-Based Lean LaunchPad Program and Its Impact on National Innovation System Evolution
by Tim Kastelle, Sarah King, Martie-Louise Verreynne, Peter Kambouris
Abstract: Innovation drives economic growth. At the level of countries, the National Innovation System has a strong influence on the success of innovative activities within the region. However, it is often assumed that these systems evolve through policy innovation, in a top-down manner. This paper presents a case study of the introduction of a Lean LaunchPad program in Australia. It started as a small pilot, then quickly grew to become a national program. The details of this case give insight into another way that Innovation Systems evolve: through an evolutionary process of variation, selection and replication.
Keywords: Research commercialisation; lean startup; technology transfer; national innovation system.
Female Top Management in Family Firms and Non-Family Firms: Evidence from Total Population Data
by Johan Karlsson, Fredrik Andersson, Dan Johansson, Magnus Lodefalk, Andreas Poldahl
Abstract: We exploit information on ownership, management and kinship to study the representation of women in top management teams in Swedish family and non-family firms among domiciled limited liability firms over the years 2004 to 2010. The share of female top managers is analysed across listed and non-listed firms as well as across industries. We then estimate the likelihood that a woman is elected into the top management team in family and non-family firms using a probit regression model where we control for firm- and individual-level characteristics, including the gender distribution of the firm and kinship relations to existing board members and firm owners. We find that non-listed family firms are more likely to appoint female top managers, whereas we find no differences among listed firms. Moreover, we find that the gender composition and kinship structures of firms influence the appointment of female top managers.
Keywords: female top management; family firm; family business; entrepreneurship; gender; gender equality; total population; executive board; chief executive officer; CEO; kinship.
Approaching Indirectly to Complementors and Taking Neutral Position in Platform: Exploratory Research on the Progression from a Start-Up to a Platform Leader
by Yusuke Hoshino, Yoshiyuki Matsumura
Abstract: How does a small start-up become a platform leader from the viewpoint of inducing complementors? Previous researches on platform management seem to focus on platform design and the relationship between complementors and platform leaders. However, samples used in these researches are large, established leaders, and strategies for start-ups have not been studied in detail. From single case studies about the progression of a Japanese platform leader, we found that collaborations with organisations at the centre of networks are useful because (1) these collaborations provide start-ups paths to complementors, (2) these collaborations enhance the trustworthiness of start-ups and (3) the higher the number of collaborations, the more neutral the position enjoyed by platform leaders, even as start-ups.
Keywords: start-up; entrepreneur platform management; platform leader; complementor; inter-organisational relationship; neutrality; business-to-business electronic marketplace.
Human Capital in the Entrepreneurship Ecosystem
by Annemarie Østergaard, Svetla Marinova
Abstract: Since Adam Smith (1776) took consideration to human capital as an asset of economic value, academic interest has focused on the economic effects of human capital. In 1931, Schumpeter called for a focus on the individual entrepreneur or the creative destructor with his/her motives, wishes, aspirations and activities when dealing with entrepreneurship and entrepreneurs.
Along these lines, this paper focuses on an in-depth investigation of the domain of human capital in Isenbergs Entrepreneurship Ecosystem. It captures the entrepreneurial mindset of the highly complex individual as a requisite for entrepreneurial success and ultimately, for business growth and development.
The increasing literature debating human capital confirms the relevance of locating and refining the factors for entrepreneurial success. Consequently, this paper improves the roadmap of Entrepreneurship Ecosystems by adding the innate skills and conceptualizing four generic archetypes, the Local Entrepreneur, the Global Entrepreneur, the Incremental Entrepreneur, and the Radical Entrepreneur, based on the combination of short/long education and narrow/broad labour.
Keywords: Human capital; entrepreneurship ecosystem; labour experience; education; success stories; archetypes; Local Entrepreneur; Global Entrepreneur; Incremental Entrepreneur; Radical Entrepreneur.
Innovation, Networks and the Paradigm of Biofuels
by Carolina Da Silveira Bueno, Jose Maria Ferreira Jardim Da Silveira, Antonio Marcio Buainain
Abstract: The production of renewable liquid biofuels has become a reality in a number of countries around the world, some of which focus on bioethanol, others on biodiesel. The USAs participation in the biofuels market, with biomass produced from corn, has presented new issues of a social and environmental nature, generating debates and increased complexity. The motivation behind this text lies in the emergent character of technological platforms that arise from these traditional biofuel production platforms (Cheribuni et al., 2009). The intensification of scientific collaboration, the greater complexity of areas surrounding collaboration and the elevated scientific content of patents related to biofuel and bioenergy are clearly detected when network methods are applied to knowledge products. The results of this study appear to confirm this, with the production of statistical and visual representations of the quantity, scale and density of research collaborations among countries, as well as the relative intensity and the interdependency of various fields of knowledge production. The results suggest that it is possible to trace explanatory - and even predictive - relationships between the institutional character of knowledge production (the paradigm that molds the innovation trajectory) and the innovations that are being produced in the field of bioenergy, as well as the consolidation of markets of technological inputs/services. The interrelationship between the traditional and innovative sectors clearly manifests in the dominance of the patenting process, suggesting a pattern of market concentration that begins when routines monitor knowledge networks involving public and private research institutions.
Keywords: paradigm technological; innovation; networks; collaborative; bioenergy.
Drones, Dangerous Animals, and Peeping Toms: Impact of Imposed vs. Organic Regulation on Entrepreneurship, Innovation, and Economic Growth
by John Chisholm
Abstract: This paper categorizes regulations of economies and societies as either imposed or organic. Imposed regulations federal, state, and local statutes, regulatory agency promulgations, and executive orders rest on top of and interact with organic regulations social customs, markets, private agreements, and common law. We show how organic regulation, with its many distributed control points (courts, markets, and individuals) and near-continuous decision making (by individuals and judges), better reflects the complex systems nature of and more closely evolves with economies and societies. Imposed regulations offer efficiencies and uniformity but their fewer control and decision points (legislatures, agencies, and officials) invite public-choice concerns unrelated or counter to public welfare. As a result, imposed regulations are more prone to error, corruption, and unintended consequences, and are less predictable long-term. Greater reliance on organic regulation correlates with greater entrepreneurship, innovation, and long-term economic growth. We consider case studies of self-driving vehicles and unmanned aerial vehicles (drones) and conclude with recommendations for regulators, lawmakers, and policy makers.
Keywords: regulation; complex systems; drones; entrepreneurship; innovation; economic growth; self-driving vehicles; unmanned aerial vehicles; technology; evolution; common law; public choice; unintended consequences; conflict resolution; regime uncertainty.
Research on Korean Female Entrepreneurs for the Last Two Decades:
Past Trends and Future Opportunities
by Tae-Young Park
Abstract: Korean female entrepreneurs have shown a dramatic increase from both quantity and quality perspectives, and studies have been dedicated to this topic for almost 20 years. However, it is hard to find any study reviewing a large body research performed by Korean scholars for the last two decades on this topic. Therefore, this study aims at systematically reviewing previous studies in terms of three aspects: (1) bibliography; (2) methodology; and (3) research focus, uncovering major issues with Korean studies and suggesting opportunities for future research. This study also shows how Korean female entrepreneurs have grown and what their characteristics are.
Keywords: female entrepreneurs; female-owned firms; review study; South Korea.
Special Issue on: Coordinating, Collaborating and
Co-operating for Innovative Change
Management control systems in family businesses: Do women matter? Evidence from the Italian food sector
by Elisa Truant, Laura Broccardo, Vanessa Ratten
Abstract: The aim of the project was to investigate medium-size family firms in Italy operating in the food sector, which is crucial for the national economy as it ranks second after the metal and mechanical engineering industries. Special attention was paid to whether the presence of women in top managerial positions had any significant effect on the strategic orientation of family firm (FFs), in terms of strategy formulation and implementation of management control systems. The results of empirical analysis using a sample of family businesses show that gender diversity in top managerial positions can benefit strategic orientation, as FFs are more likely to formulate and implement strategy through advanced management control tools.
Keywords: Family firms; female; gender diversity; management control systems; strategy.
Special Issue on: Immigrant, Gender, and Succession Issues in Family Firms
FAMILY BUSINESS AND SUCCESSION IN DEVELOPING ECONOMIES: THE NIGERIAN PERSPECTIVE
by Catherine Akinbami, Oluwabunmi Adejumo, Folashade Akinyemi, Temitope Jiboye, Joshua Obisanya
Abstract: Studies have shown that despite the enormous business activities in Nigeria, family businesses appear fragile and less successive. This incessant discontinuation of family businesses often add to the already high business failure rates in the economy. Therefore, this study is conducted to find out the reasons why family businesses in Nigeria do not thrive beyond the third and fourth generations. Using qualitative and explorative research, case studies were carried out among business owners in Ile-Ife Community, in the South Western Nigeria. Responses were analysed with Atlas.ti to bring out various thematic issues from the data collected. The results suggest that most business owners have succession plans but vary in their implementation approaches. Fundamentally, their succession plans are being affected by their family structures and successors personal interest. Also, the findings suggest that business owners who have gone beyond the first generation sustained their businesses through innovative strategies.
Keywords: Family; Business; Developing Economies; Succession; Business Owners; Generation; Sustainability; Succession Plan; Perception; Successor.
ENTREPRENEURIAL LEADERSHIP AND PERFORMANCE OF FEMALE-OWNED SMALL AND MEDIUM-SIZED ENTERPRISES IN GHANA
by Daniel Quaye, Isaac Mensah
Abstract: This study sought to investigate the effect of entrepreneurial leadership attributes on performance of female-owned SMEs in Ghana. This quantitative study adopts a survey research design and simple random sampling technique to select 257 female entrepreneurs in Ghana. SPSS and Structural Equation model (SEM) was used to analyze the field data. The study result shows a significant effect of female entrepreneurial leadership behavior on business performance. The paper found that innovation, proactiveness and vision significantly influence firm performance. The paper recommends that female entrepreneurs should develop self-motivating drive, improve their knowledge and skills through training and education in order to improve their innovative abilities, take calculated risk and explore more opportunities. The paper has revealed that entrepreneurial leadership is not a preserve attribute for male entrepreneurs. Again, the paper revealed clear dynamism in female entrepreneurial literature by revealing that female entrepreneurs are innovative, proactive and visionary, risk averse and less motivated.
Keywords: Entrepreneurship; SMEs; Entrepreneurial leadership; Innovativeness; Proactiveness; Female-owned Enterprise.
Special Issue on: Collaborative Innovation Networks
Look Inside. Predicting Stock Prices by Analysing an Enterprise Intranet Social Network and Using Word Co-Occurrence Networks
by Andrea Fronzetti Colladon, Giacomo Scettri
Abstract: This study looks into the employees communication behaviours taking place in an intranet social network, offering novel metrics of Semantic and Social Network Analysis, which can help predict a company stock price. To this purpose, we studied the intranet forum of a large Italian company, exploring the interactions and the use of language of about 8,000 employees. We analysed more than 48,000 news and comments, over a period of 94 weeks. In addition to using more traditional semantic and social network metrics, we built a network linking words included in the general discourse. In this network, we focused on the position of the node representing the company brand. We found that a lower sentiment of the language used, a higher betweenness centrality of the company brand, a denser word co-occurrence network and more equally distributed centrality scores of employees (lower group betweenness centrality) are all significant predictors of higher stock prices. Our findings contribute to the stream of research concerned with the prediction of stock prices, offering new metrics that can be helpful for scholars, company managers and professional investors and could be integrated into existing forecasting models to improve their accuracy. We also show the importance of looking at internal communication streams while analysing a companys financial performance. Lastly, we contribute to the research on word co-occurrence networks by extending their field of application.
Keywords: stock price; economic forecasting; intranet; social network; web forum; semantic analysis; word co-occurrence network.
A Network-based Dashboard for Cultural Heritage Promotion in Digital Environments
by Antonio Capodieci, Gianluca Elia, Francesca Grippa, Luca Mainetti
Abstract: Social networks and online communities are becoming the new spaces where people express opinions and share knowledge about their cultural experiences. Monitoring these interactions and the content exchanged is the first step towards the design of a customer-centered strategy for promoting cultural heritage in online communities. This paper describes the design and application of a dashboard for visualizing and monitoring the interaction of content providers and online users with cultural objects within digital environments. The dashboard combines social network analysis metrics and content analysis indicators with the goal to visualize the structural properties of social networks as well as to explore the content exchanged in the digital space. The dashboard relies on two-mode networks where nodes can be Cultural Heritage Objects (CHOs), or institutional providers (e.g. galleries, museums), or individual digital content providers (e.g. experts and content aggregators). The links connecting the two typologies of nodes provide information about the digital resources associated to each CHOs. The dashboard offers insights on the evolution of the most central providers, the most sought-after digital resources, and the most popular cultural objects over time. We applied the dashboard to the DiCet project (an Italian Living Lab centered on Cultural Heritage and Technology) and to Europeana.eu (a European platform for the storage and sharing of cultural digital objects). Preliminary results show the emergence of clusters of interest around specific digital resources, and help identify online contributors sharing new topics of discussion and promoting innovative ways of organizing the content.
Keywords: Content Analysis; Cultural Heritage; Dashboard; Real-Time Data Extraction; Social Network Analysis.
How Gender Affects Collaborative Innovation Networks Performance: The Case of the Dutch Fashion Industry
by Yang Song, Ron Berger
Abstract: The aim of this paper is to study the use of online social networks by male and female fashion entrepreneurs in-order to better understand its structure and how it leads to better collaboration and better performance. In particular, we examine whether gender, diversity, and their combined effects influence the performance of start-ups in the fashion industry. We hypothesize that an entrepreneurs diverse online social network ties, including weak ties and strong ties, have different impact on performance for male and female entrepreneurs. The data for the study was collected through industry surveys and from Facebook. We used ANOVA to test the direct interaction effects of gender and network diversity. The key finding of this study pertains to the interaction effect of gender and network diversity on the performance of a start-up. In general, start-ups established by male entrepreneurs displayed better performance which can be attributed to the diversity of their online social networks compared to female entrepreneurs.
Keywords: Entrepreneurs; fashion industry; online social network; strong and weak ties.
Web Data Geostatistics and Analytics to Evaluate the Impact of a Cultural Event
by Angelo Corallo, Laura Fortunato, Clara Renna, Alessandra Spennato
Abstract: This work proposes a methodological approach that analyses and interprets data resulting from cultural events fruition, in order to obtain information useful to improve cultural events management and encourage the cooperation between the different stakeholders involved. The methodology, based on geostatistics and text analytics techniques, has been proposed and applied to a real case study: the Italian folk music Festival La Notte della Taranta. In particular, text analytics techniques, like semantic and sentiment analysis, integrated with spatial analysis techniques, allowed identifying sentiment score spatial variation and locating geographical area characterized by negative or positive average sentiment score, in order to understand the impact of a cultural event on the local territory.
The particular structure of the event (itinerant) and the Salento territory where it is rooted, an area rich in traditions and folklore, make this Festival an appropriate use case for the approach proposed.
Keywords: Cultural Event Management; Semantic Analysis; Sentiment Analysis; Geostatistical Techniques.
Exploring the Effect of Venture Capital Development on Innovation Performance of Knowledge-Based Companies
by Azam Sazvar, Mahmood Yahyazadehfar
Abstract: Given the enormous technological changes affecting everyday life in todays developing world, organizations and countries are not able to survive without adaptation with the external environment as well as movement towards creating new ideas and their commercialization. Therefore, unremitting presence of organizations in todays global market depends on the development and application of innovative ideas and new knowledge. However, knowledge-based Small and Medium-sized Enterprises (SMEs) are constantly encountered with financial problems in their initial stages of establishment. In this respect, Venture Capital (VC) is a certain type of financing which perfectly meets the needs of newly-established technology-oriented companies. These firms usually have an uncertain future that can lessen their chance to get loans from traditional sources; thus, VC can solve these companies problems by stock participation. Since little research has been conducted to investigate the effects of Venture Capital Development (VCD) on innovation performance of knowledge-based companies and considering the fact that the emergence of science and technology parks has made inactive areas into the most industrial centers, the present study was conducted to examine the effects of Venture Capital Development on innovation performance of knowledge-based companies established in science and technology parks. are private organizations.
Keywords: Venture Capital Development; Venture Capital Firms; innovation Performance; Business Environment.
Dynamic Resolve Model: An Interpersonal Resilience Construct
by Stephanie Colbry
Abstract: This paper explores interpersonal resilience as a means for groups to navigate uncertainty more effectively. Supported by a study completed over a decade, comprised of observations and interviews in unconventional dynamic environments, a model, the Dynamic Resolve Model (DRM) was constructed. The qualitative research method of phenomenology was chosen to analyze 150 interviews representing a diverse audience from the Department of Defense and NGO community. DRM serves as a resource for any group navigating uncertainty. DRM aims to help individuals engage in best practices to strengthen their collaborative capabilities by strengthening interpersonal resilience. DRM is an interpersonal resilience construct connecting observed relational qualities with behavioral patterns of exchange resulting in engagement actions. The study supports research which considers a new paradigm shift from an individualistic overview of the key traits and characteristics of individuals to the observed actions and outcomes of resilient collaborative teams. The study fills a gap in research which considers the complexity of groups that function in heightened emotional states attentive to the techniques that motivate individuals to accept uncertainty and experimentation.
Keywords: dynamic resolve; patterns of exchange; interpersonal resilience; collaboration; human capacity; unconventional dynamic environments.
A Pattern Language for Designing Innovative Projects: Project Design Patterns
by Takashi Iba, Haruka Mori, Ayaka Yoshikawa
Abstract: In this paper, we present a pattern language for sharing practical knowledge to design innovative projects, which we call Project Design Patterns. This pattern language consists of thirty-two patterns about designing projects, which are organized into five categories: CORE, LEARN, CREATE, LIVE, and PLEASURE. This collection of practical knowledge behind designing projects were created through a mining process of interviewing professional project designers, organizing the mined elements using the KJ method (a method for clustering ideas), and writing the information in the pattern format: pattern name, illustration, context, problem, solution, and consequence. This paper presents three patterns in full text as well as summaries of all thirty-two patterns. The survey results and responses of workshop participants and users, presented in the later sections of the paper, imply the potential power of the proposed language for thinking, reflection, and dialogue on designing innovative projects.
Keywords: pattern language; practical knowledge; innovation; project.
Network processes for collaborative innovation
by Giovanna Ferraro, Antonio Iovanella, Matteo Cinelli
Abstract: Collaborative innovation networks represent adequate structures within which to foster members abilities to interact and cooperate in order to increase the level of knowledge and facilitate access to innovation. These systems show a high potential as the best engines to drive innovation. It is supposed that members take advantage of their participation in these networks by creating and extracting value when performing certain deliberate and purposeful processes. Within this paper, we examine such processes by considering two different network models: hierarchical and heterarchical. The first is the classic single hub organisation, where the orchestration model is deemed more appropriate. The second, the choreography model, is characterised by more than one hub and the power of decision is spread among all partners. The main contribution of this paper is to describe in detail the processes within organisations when they are configured in a heterarchical, instead of hierarchical, manner. Our contribution can be considered as valuable in that it offers support for firms to evaluate and pursue the diverse opportunities offered by such models according to their needs.
Keywords: collaborative innovation networks; network processes; network choreography; network orchestration.
Special Issue on: Coordinating, Collaborating and Co-operating for Innovative Change
Informal Training in Chinese Small- and Medium-sized Enterprises
by Yuliani Suseno, Chanzi Bao, Mark Baimbridge, Cong Su
Abstract: Entrepreneurship in small- and medium-sized enterprises are significant contributors to economic development. The purpose of this research is to examine the extent and motives for the use of informal training in Chinese SMEs. Using case studies, we found that informal training is widely used and generally accepted in Chinese SMEs. We also uncovered three separate categories on the motives for SMEs in adopting informal training based on the financial and time constraints they face, the perceived outcomes of training activities in terms of organisational performance, employee turnover, and the development of guanxi and positive team cohesion, as well as the attitudinal aspects of both managers and employees that influence their intentions in adopting a specific training approach. Our study contributes to the literature of HRM in Asia, and has important implications for the government and institutions in emerging countries to support entrepreneurship and SMEs.
Keywords: informal training; small and medium-sized enterprises (SMEs); HRM; China.
Consumer evaluation of collaboration between perfumery and gastronomy for innovation
by Ekaterina Besson, Yue ZHAO, Hajer KEFI, Adnan Maalaoui
Abstract: This paper contributes to the research on collaborative entrepreneurship by studying consumers perception and evaluation of inter-industry collaborations between perfumery and gastronomy for the sake of new product development. First, we review the literature and secondary documents to identify potential variables about consumers perceived industry-level fit between collaborating partners and consumer knowledge, which we assume to influence consumers evaluation of collaboration. Second, we interview professionals in the two industries to further refine these variables, operationalise them into measurable constructs, and add new moderating variables specific to the context. Third, we conduct an online survey of consumers, testing our hypotheses. Our research reveals that the presence of consumers perceived industry-level similarities suffices to leverage their possible doubts on industry-level dissimilarities when they evaluate the relevance of inter-industry collaboration to develop a new product. Consumers relative openness to inter-industry collaborations provides an encouraging signal for companies to push the frontier and seek inspiration from seemingly distant sectors.
Keywords: Consumer evaluation; collaboration for innovation; perfumery; gastronomy; collaborative entrepreneurship; inter-industry collaboration; industry similarity; industry dissimilarity; perceived fit; consumer knowledge; mixed methodology.
When less is more: coordinating innovation in open versus closed source software development
by Petra Kugler
Abstract: This paper compares the coordination effort required for innovative work in a typical firm and in an open source software development project. It concludes that the open mode of organising requires a lower amount of coordination compared to the closed mode typical of firms. The reasons for this finding are a reduced need for subsystem differentiation, task variability and interdependence in open source software development. The open mode is therefore interesting for entrepreneurial ventures striving to overcome limited resources. It has two advantages: it creates fewer costs and is better suited to generating innovative output compared to the closed model used in firms. This conceptual paper builds on the literature on open organisations, the open source software phenomenon and contingency theory. It illustrates its theoretical findings with two cases (Microsoft and the Arch Linux open source project).
Keywords: coordination; open innovation; closed innovation; open source software development; closed source software development; contingency theory; innovation; new types of organising.
Special Issue on: Entrepreneurship, Migration, and Family in Peripheral Contexts - Avenues for Growth and Internationalisation
Transnational intrapreneurship: Opportunity development in transnational teams in the Nordic periphery
by Maria Elo, Zsuzsanna Vincze
Abstract: Transnational resources of entrepreneurs and employees foster firms competiveness. Firm competitiveness, especially the knowledge intensive business, is linked to its talent base and embeddedness in international networks providing business opportunities. However, in peripheral regions it is challenging to capitalise on international talent. This single case study describes an enterprise in Northern Sweden, which is strategically employing transnational diaspora resources and foreign STEM-talent as transnational intrapreneurs developing the business. The study contributes to international opportunity development and transnational diaspora research and illustrates how the creation of a transnational work-scape may compensate locational disadvantages and enable access to new opportunities and ideas.
Keywords: Intrapreneurship; transnational resources; diaspora; network; opportunity; innovation.
Social Ties, Prior Experience, and Venture Creation by Transnational Entrepreneurs
by Sarika Pruthi, Mike Wright
Abstract: The interaction between resources, and host and home country contexts of migrant entrepreneurs, is important for understanding their strategies and hence performance of their ventures. Yet, how they deploy their unique experiences and social networks in the founding of ventures in multiple institutional contexts is less understood. Based on 15 case studies (24 in-depth interviews) of transnational entrepreneurs (TEs) of Indian origin in the UK, we explore the use of personal and industry ties in the founding of transnational ventures (TNVs) in their home country. Our findings show that the way TEs use personal and industry ties in the host and home countries is contingent on whether they have prior experience of a) entering the home country and b) implementing the business opportunity underlying the TNV in the home country, respectively, with a former employer. The implications of these findings are discussed.
Keywords: Social ties; venture creation; transnational entrepreneurs; UK; India.
Linking Periphery with Centre: The liability and usefulness of returnee entrepreneurial firm in home country context
by Wensong Bai
Abstract: Returnee entrepreneurship has received increasing attention because of its characteristics of innovation, international orientation and performance advantage, but understanding of how returnee entrepreneurial firms achieve desirable entrepreneurial goals in home country context is limited. Drawing on literature on the centre-peripheral dichotomy in international scientific community, this paper attempts to investigate context constraints that influence returnee entrepreneurial firms innovation and entrepreneurship performance in the home country and to explain how firms deal with these constraints. Based on a longitudinal case study that investigates a successful returnee entrepreneurial firm from China, research findings show that the returnee entrepreneurial firm is able to overcome its peripheral research condition by developing international network connections with researchers at the centre of the international scientific community. However, the firm may not be able to properly respond to the regulatory regime constraints without having a good understanding of the home country and making re-adjustments accordingly. Hence, this study presents a discussion of the usefulness and liability of returnee entrepreneurial firms that influence their entrepreneurship process and performance in the home country.
Keywords: Returnee entrepreneurship; peripheral context; context constraints; international network connections; re-adjustment.
The immigrant effect from employer and employee perspectives in a Swedish context
by Heléne Lundberg, Anneli Rehnfors
Abstract: This explorative study addresses the immigrant effect. Not only is the employer perspective considered, but employed immigrants also share their experiences. We report a multi-case comparative study of two immigrant-employing SMEs in Vasternorrland, a peripheral and sparsely populated region located in Mid Sweden, in northern Europe. The employment of immigrants reportedly had several advantages as well as disadvantages. Both employers and immigrant employees agreed that the immigrants language and cultural competences reduced psychic distances between the company and the export market represented by the immigrants country of origin. Employers reported a generally increased awareness of psychic distance among markets resulting from the employment of immigrants, though employing immigrants resulted in increased psychic distance within the companies.
Keywords: immigrant effect; immigrants; export; internationalization; psychic distance; SME; language; culture.
Refugee entrepreneurship: taking a social network view on immigrants with refugee background starting transnational business in Sweden
by Susanne Sandberg, Rebecca Immonen, Sara Kok
Abstract: The global world of today is characterized by movement, both voluntarily and forced. Despite the current situation, few studies have focused on refugees and their entrepreneurial activities. The research question is: how do immigrant entrepreneurs with a refugee background start and run transnational business in their country of residence? The purposes of the paper are (1) to identify the characteristics of the refugee entrepreneur and (2) to examine how the social network is utilized for starting up and running the business. Through this, the scarce understanding of refugee entrepreneurial activities will be enhanced and particular traits of refugee entrepreneurship can be determined. Four cases of immigrant entrepreneurs with a refugee background who conduct business with transnational characteristics have been studied. Consequently, contributions of both theoretical development, integrating refugee entrepreneurship into the field of international business, as well as novel empirical contributions through a less-studied angle on refugee entrepreneurship, are made.
Keywords: Refugee; immigration; diaspora; transnational; international; entrepreneurship; social network; social capital; human capital.
The Role of Diaspora Entrepreneurs in Start-up Ecosystem Development A Berlin Case Study
by Thomas Baron, Aki Harima
Abstract: Start-up Ecosystem has reached great attention in the recent research. Understanding how dynamic ecosystems develop has become of major interest for policy makers due to a potential regional economic well-being. In this study, we explore how the uniqueness of diaspora entrepreneurs may contribute to the development of a successful start-up ecosystem. Based on a case study conducted in Berlin, we analyse the role of diaspora entrepreneurs in ecosystem development with a conceptual framework developed from Austrian capital theory. The empirical findings show that diasporans are an auspicious co-creator for Berlins ecosystem development as they enrich the supportive environment with diverse resources that local entrepreneurs cannot provide. We found that diasporans in Berlin reinforce the ecosystems capitals and act as important interweavers of such capitals to the unique and successful structure of Berlins start-up ecosystem.
Keywords: Start-up Ecosystem; Berlin; Diaspora Entrepreneurship; bi-focality; mixed embeddedness.
From the Periphery to the Centre: Start-up and Growth Strategies for Minority Diaspora Entrepreneurs
by Indianna Minto-Coy
Abstract: Not all diasporans face the same opportunities and challenges in the entrepreneurial process. Some are forced to the periphery in terms of proximity to essential business resources and networks considered important for overcoming liabilities of foreignness, size and newness. The paper, therefore asks: how do diaspora entrepreneurs from the periphery and non-mainstream markets emerge, survive and grow? The question is addressed through the lens of social network theory and a case study of Golden Krust Caribbean Bakery and Grill (GK), the largest Caribbean eatery in the US and its CEO and founder the Jamaican-born Lowell Hawthorne. The article underscores the role of family, co-ethnic networks as well as the cultural knowledge and resources from the country of origin in helping entrepreneurs from the periphery to start, grow and mainstream their enterprises.
Keywords: Diaspora; Family; transnational; Entrepreneurship; Caribbean; Growth; Golden Krust Pastry; Networks; co-ethnics; start-up.
The role of family social capital in immigrants entrepreneurial opportunity creation processes
by Quang EvansLuong, Marcela Ramirez-Pasillas
Abstract: This paper conducts an inductive case study to build a theory on the role of family in both the host and home countries in immigrant entrepreneurs attempts at creating entrepreneurial opportunities. We used the perspectives of the opportunity creation process and family social capital. We relied on data collected from four cases of immigrant entrepreneurs from Lebanon, Syria, Cameroon and Mexico who have established businesses in Sweden. The paper identified three sources of family social capital: family duties, family trust and family support as being relevant for creating opportunities. While family duties triggered the process of forming an entrepreneurial idea, this process was advanced by the existence of family trust. Family support was then the building block for launching an entrepreneurial idea. By identifying these three sources of family social capital we show that families in the host and home countries contribute to immigrant entrepreneurs opportunity creation in different ways.
Keywords: Immigrant entrepreneurship; opportunity creation; family social capital; entrepreneurial ideas; home country; host country; family duty; family trust.
Practices in operating a small business in a host community: a social capital perspective of Chinese immigrant entrepreneurship within the South Africa business context
by Tinashe Ndoro, Lynette Louw, MacDonald Kanyangale
Abstract: This study explores how Chinese immigrant entrepreneurs who own small retail businesses in the Eastern Cape province of South Africa draw from their social capital to operate their small businesses. The study followed a qualitative research design in which 21 in-depth interviews were conducted. The findings show that the Chinese immigrant entrepreneurs used on different forms social capital to operate their small retail businesses in the host business environment. Drawing from their social capital, the Chinese immigrant entrepreneurs were able to respond to opportunities and challenges in the host business environment. Social capital embedded in relationships and networks between the Chinese immigrant entrepreneurs and different stakeholders was central to the operations of the small retail businesses.
Keywords: small and medium-sized enterprises; immigrant entrepreneurship; social capital; networks; qualitative; Chinese; South Africa.
Special Issue on: Strategic Choices, Capital Structure, Innovative and Financial Performance of European SMEs
THE HIDDEN EFFECT OF INNOVATION IN THE GROWTH OF THE SPANISH FIRMS
by Manuel Angel Nogueira, Sara Fernandez-Lopez, Maria Jesus Rodriguez-Gulias, Milagros Vivel-Bua, David Rodeiro-Pazos
Abstract: Since the studies of Schumpeter (1939), Solow (1957), or Nelson and Sidney (1982), innovation has been considered one of the major drivers of economic growth. This paper explores the relationship between firms innovation and sales growth. Using an original dataset of 80 listed Spanish firms over the period 20042014, we firstly apply a panel data fixed effects estimator. However, since growth rates follow a Laplace distribution, we also employ panel data quantile regressions to overcome the problems of regression techniques focused on the average firm. Additionally, we consider a rich set of innovation and firm-specific variables that help mitigating standard omitted variable bias. Our results show that R&D expenditures influence sales growth, but the effect seems to be due to tax benefits, rather than expected innovation outcomes. In contrast, the market value of patents is undoubtedly related to firm growth, although high-growth firms capture larger benefits.
Keywords: innovation; growth; Spain; panel data; quantile regressions; R&D expenditures; patents; R&D intensity; financial performance.
How the working capital management influences companies' profitability. Case study of Greek pharmaceutical companies.
by DIMITRIS AXIOTIS, ALINA HYZ, PETROS KALANTONIS
Abstract: This study examines the relationship between working capital management and firm's profitability for the period before and after last economic crisis in Greece. We use as a sample Greek pharmaceutical industry. We examine as a dependent variable return on assets ratio, as explanatory variables: cash conversion cycle, days inventory outstanding, days sales outstanding and days payable outstanding and as control variables: firm's growth, leverage and firm's size. The results, based on the implementation of descriptive statistics, Pearson's correlation and regression analysis show: 1/. positive relationship between profitability and cash conversion cycle, firm's size, growth and leverage and 2/. negative relationship between profitability and components of cash conversion cycle. The impact of economic crisis on these relationships is also analysed.
Keywords: Working Capital; Profitability; Crisis; Greece; Pharmaceutical industry.
Understanding the aspirations of Finnish entrepreneurs and venture capitalists: their effects on international operations and growth
by Diane A. Isabelle, Mika Westerlund, Risto Rajala, Seppo Leminen
Abstract: Small firms must increasingly seek external funding to fuel their growth ambitions domestically and internationally. However, external funding comes with conditions and ownership claims signifying changes to the entrepreneurs status quo. At the same time, the current climate for entrepreneurship and the availability of funding tend to fluctuate because potential funders contemplate the keenest investment strategy. In this study, we use a sample of 262 small internationally operating firms in Finland to investigate the impacts of entrepreneurs acceptance of venture capitalists (VCs) as new stakeholders in their firms and the approaches VCs take to entrepreneurship. Moreover, we study the effect of external funding on international operations, growth and financial performance of the firm. We found that the aspirations of entrepreneurs and VCs affect the firms use of external funding, and that this funding contributes to increased international operations, corporate growth and financial performance.
Keywords: entrepreneurship; funding; financial performance; growth; Finland; international; stakeholders; venture capital; SMEs; acceptance.