International Journal of Transitions and Innovation Systems (7 papers in press)
Influencing Factors on the Entrants Motivation and Ability in the Context of the Disruption Process: A Cross-Country Study in the Western European PWLAN Market
by Stefan Huesig, Katalin Timar, Claudia Doblinger
Abstract: This paper explores how regulation affects the motivation and ability of entrant firms to create successful new sub-markets that are shaped by a potential disruptive innovation. We focus on the telecommunication industry, particularly on the hotspot sub-market, to study these effects in the context of a network industry. In this setting, the impact of a potentially disruptive innovation might be different because of the institutional embeddedness of incumbent and entrant firms. We examine this phenomenon by analyzing the entrants strategies and success of market entry into the hotspot sub-market in 17 Western European countries. The results indicate that the sub-market success of entrants in regulated markets depends both on the regulation and the resistance of incumbents to regulation in a specific country.
Keywords: Regulation; Network Industry; Disruptive; Sustaining Innovation; Telecommunications.
From Big Data to Smart Data: Algorithm for Cross-Evaluation (ACE) as a Novel Method for Large-Scale Survey Analysis
by Darko Kantoci, Emir Dzanic, Marcel Bogers
Abstract: Current research is increasingly relying on large data analysis to provide insights into trends and patterns across a variety of organizational and business contexts. Existing methods for large-scale data analysis do not fully capture some of the key challenges with data in large data sets, such as non-response rates or missing data. One method that does address these challenges is the SunCore Algorithm for Cross-Evaluation (ACE). ACE provides a view of the whole data set in a multidimensional mathematical space by performing consistency and cluster analysis to fill in the gaps, thereby illumining trends and patterns previously invisible within such data sets. This approach to data analysis meaningfully complements classical statistical approaches. We argue that the value of the ACE algorithm lies in turning big data into smart data by predicting gaps in large data sets. We illustrate the use of ACE in connection to a survey on employees perception of the innovative ability within their company by looking at consistency and cluster analysis.
Keywords: statistical modelling; statistical algorithm; survey analysis; consistency analysis; cluster analysis; data trends; data patterns; data correlation; non-ignorable missing data; non-response missing data; cross evaluation; big data; smart data; innovation survey; food processing company.
Special Issue on: Family Entrepreneurship in Transition and Emerging Economies
The importance of intellectual capital in the selection of global marketing strategies: Evidence from family businesses in Macedonia
by Gadaf Rexhepi, Abdylmenaf Bexheti, Sadudin Ibraimi, Selma Kurtishi-Kastrati
Abstract: The role of intellectual capital is becoming very important mainly because of the influence in formulation and implementation of strategies in global markets. This research examines the link between intellectual capital and global marketing strategies. This research emphasizes the link that intellectual capital has in creating competitive advantage through selection of global marketing strategies. This will help companies on using intellectual capital in selecting global marketing strategies in the internationalization process. Research results showed that there is relationship between intellectual capital and formulation and selection of strategies.
Keywords: global marketing; global marketing strategies; intellectual capital; strategy formulation; family businesses; Macedonia.
The Impact of Human Resources Management on the Effectiveness of Family Businesses
by Selajdin Abduli
Abstract: Human resources management functions, practices and procedures nowadays are very important and their role is continuously increasing if we consider an economy which relies ever more on knowledge. In this way, necessarily arises the need for careful management in the allocation and use of this labour force, not only in fulfilling the vacancy, but it is even more important to achieve and ensure increased efficiency of its use in the production process of goods and services that guarantee the growth of welfare or the level of living standard of society members. The survival of every family business is dependent on the effective management of human resources. The evaluation and performance management of employees has an impact on the increase of the effectiveness of the family business. The effective management of a family business needs to focus on reforms of the educational system and professional development of its workers. The literature review on this topic in this article is supported by the empirical analysis, in which 150 businesses in the Republic of Macedonia are surveyed.
Keywords: Human resource management; effectiveness; family businesses; performance; Macedonia.
Family firms in the Arab world: Culture influences on Socioemotional Wealth.
by Damiano Petrolo, Massimiliano Pellegrini, Younis Abukhalaf
Abstract: The Arab world is an area of growing economic significance, resulting in dynamic developing and transaction economies. In such a scenario, family firms are predominant and the backbone of the system. Due to the overlapping of the business and family logics, family firms differ from the traditional businesses, especially in terms of goal-setting and strategies. The aim of this paper is to contextualise the Socioemotional Wealth (SEW) perspective in the light of specific influences that the cultural embeddedness of the Arab culture asserts. For this purpose, 15 semi-structured interviews with Jordanian family businesses have been carried out. Through a coding analysis, four main cultural elements in the behavioural dynamics of Arab family businesses emerged: i) favouritism and nepotism; ii) patriarchal approach; iii) public persona; and iv) self-serving bias. We related all these cultural influences to the dimension of SEW to obtain a stratified framework which may help in understating family firms beyond traditional economic contexts.
Keywords: Family Business; Socioemotional wealth; Arab culture; Contextualisation study.
CONFLICTS IN FAMILY BUSINESSES: NATURE AND EFFECTS
by Avni Arifi
Abstract: The purpose of this paper is to analyze the nature and impact of conflicts in the functioning of family businesses in Macedonia. We use a case based study, where family businesses that operate in different markets in the country are surveyed. The survey was conducted through a structured questionnaire where a representative of family business was asked about issues regarding the nature of conflict, frequency of conflict, its effect, etc. It is concluded that conflicts are inevitable part of almost all family business that were surveyed, 88% claimed that they have experienced a different form of conflict in the last twelve months and that the main negative effects were on the performance of family business. The paper gives some important information about the conflict and its impact on family business. It also has practical implication on family business owners and researchers in Macedonia.
Keywords: Family businesses; conflicts; functioning; effects.
Management and development differences of family businesses between two different generations
by Veton Jahmurataj
Abstract: Family businesses encounter the same success factors as all other companies, as such they need to develop a managing system and seek their position in the market in order to ensure a sustainable development. Family businesses face different challenges and, finding a mechanism to manage differences and conflicts have always been a challenge for these businesses. In this regard, many of these differences are caused by conflicts and misunderstandings between different generations and understanding the differences between generations may help family businesses creating a sustainable, long-term and competitive business. Family businesses are primarily managed by the owner and the family is involved in business. Hence, when the founder of the business retires, the property is transferred to the successors. Nothing affects a family business more than changing the founding owner and transferring power to his descendants. The transfer may create a loss of vision and purpose, as the successors may have opposing views on how the business should be run or how it should be developed. This paper presents quantitative data to address management and development differences of family businesses between two different generations (in the context of family business being run by the founder and when family business is led by the successor) and comparing the development of these businesses between two periods of time.
Keywords: Family business; generational differences; business development; management periods.