International Journal of Entrepreneurship and Innovation Management (38 papers in press)
Policies supporting the Diffusion of Technology. The need for a systematic analysis.
by Adele Parmentola, Michele Simoni, Ilaria Tutore
Abstract: Diffusion of innovation policies are aimed at spreading technological capabilities throughout the industrial structure, facilitating the ongoing and incremental adaptation to change.
Nevertheless, economic literature on technology policies has focused predominantly on policies of generation, underestimating the effects of policy interventions in the diffusion process.
According to these considerations, the purpose of this paper is to identify the policies able to support the diffusion of an innovation by analysing the studies that specifically rely on the topic, and to provide a theoretical framework that links the policies to support the dissemination of an innovation to the barriers that hinder the diffusion of a new technology among a community of adopters. The framework gives a comprehensive view of diffusion of innovation policy, and to provide useful suggestions for policy makers.
Keywords: diffusion of innovation; technology policies; barriers to diffusion.
How open is the food NPD process? Preliminary results from an explorative study
by Barbara Bigliardi, Francesco Galati, Filippo Pavesi
Abstract: The food industry is facing a large number of challenges and a new paradigm for the development, acquisition and implementation of the huge potential of scientific breakthroughs is needed. Traditionally, the food NPD process is a closed process, where the inputs for new ideas come mainly from internal sources and new products are developed within the companys boundaries. Recently, this process has been modified to accommodate the OI paradigm, that addresses these challenges and opportunities, but it is still gaining momentum in the food sector. The main objective of this exploratory study is to investigate which stages of the NPD process food companies use to open, as well as which types of collaborations are established during each (open) stage of the NPD process. Three food companies were analysed and results suggest that the NPD process is more open during the very first phases, during the so-called fuzzy front-end. As for the collaboration, in the first stages of the NPD process the role played by customers and consumers is highly relevant, conversely suppliers centrality becomes higher when technical knowledge is required.
Keywords: New Product Development; Open innovation; collaboration; food industry; case study.
Shifting business models in the electronic gaming industry - From publisher backing to co-creation and crowdfunding
by Thomas Thurner, Melina Kroenert, Adrian Goersch
Abstract: The electronic gaming industry is in a process of massive change from publisher-based to artist-led-distribution. Still, insights into how this shift of paradigm plays out are largely absent from the academic literature. This paper studies the changing business model in the electronic gaming industry on the example of the game Rouge Stormers by the German indie game developer Black Forest Games. The studio worked on their title from 2006 to the present day during a time of far-reaching changes in the electronic game industry. The move-over to the new business reality led through turbulent times as publishers struggled to commercialize their projects and many went bankrupt. Also the technological change led to fading interests in consoles and required adjustments. The crowdfunding platform kickstarter was an entry point, but a previously failed project scared off potential publishers. Also, funding for the entire development process is impossible to acquire as the required capital is too high. A combination of crowdfunding with early access, a platform that specializes on early commercialization of games, proved successful. The paper demonstrates that the paradigm shift especially for small game developers is a messy trial-and-error process that threatens their very existence.
Keywords: computer games; video games; game development; co-creation; crowdfunding; community innovation; business model innovation;.
Exploring the role of context in motivating entrepreneurial behaviours: The motivations of migrant entrepreneurs in the Republic of Ireland and Northern Ireland
by Steven Lucas
Abstract: The personality traits approach is a popular way of understanding entrepreneurial motivation. This approach emphasises the importance of internal characteristics as drivers of entrepreneurial motivation. One of the central issues with the personality traits literature is therefore a tendency to overlook the importance of the actors external context in facilitating entrepreneurial motivations. The purpose of the paper is to address this gap by making three exploratory arguments, each of which is demonstrated through an analysis of the motivations of 43 migrant entrepreneurs in the Republic of Ireland and Northern Ireland. The arguments are 1) that context is an active force influencing entrepreneurial motivation; 2) that external environments are experienced differentially by actors; and 3) that context has both spatial and temporal elements.
Keywords: migrant; return migrant; entrepreneurship; self-employment; business; start-up; agency; context; motivation; biographical embeddedness; mixed embeddedness; personality traits.
Marketing Capability, Technical Capability, or Degree of Product Innovation: What Really Matters in leveraging the Sales of Technology-based Start-ups?
by Luis Carlos Padrão, Tales Andreassi, Luiz Artur Ledur Brito
Abstract: The objective of this study was to analyze the influence of incubator marketing support on the product performance of incubated NTBFs. The studys theoretical contribution sheds new light on NPD in incubated NTBFs by analyzing the effect of an important type of incubator support on NPD: incubator marketing support. A total of 512 target NTBFs were identified, and 250 participated in the survey. We found that incubator marketing support positively influences marketing capability. Marketing capability is a key factor for promoting sales growth in both low and high turbulence environments, although the effect is more pronounced in low turbulence environments.
Keywords: Product development; new technology-based firms; incubator; entrepreneurship.
Supporting Entrepreneurship Policy: An Overview of Italian Start-up Competitions
by Renato Passaro, Ivana Quinto, Antonio Thomas
Abstract: Innovative start-ups are currently considered to be an important channel for industrial change and for the renewal of economic systems. Among the initiatives that have been implemented to promote their diffusion, start-up competitions (SUCs) have received much recognition from policy-makers, followers and participants. Although the number of SUCs has grown, there are no comprehensive or systematic overviews of SUCs in the literature. Hence, this paper presents a cross-sectional exploratory analysis of Italian SUCs to provide an overview of their core characteristics. This in-depth study will support the diffusion of SUCs and will provide a foundation for the creation of a suitable ecosystem to improve the processes of business start-ups. The results show that the diffusion of SUCs is accompanied by deep structural changes, which can be interpreted as a consequence of the growing involvement of private organizations in promoting SUCs. Nevertheless, wide-ranging public intervention appears to be necessary to increase the effectiveness of SUCs.
Keywords: Entrepreneurship policy instrument; Start-up Competitions; Business Plan Competitions; Start-up ecosystem; Entrepreneurial process; Innovation; Policy-maker.
The hierarchical relationships between CEO characteristics, innovation strategy and firm performance in open innovation
by Joon Mo Ahn
Abstract: Open innovation (OI) has become an important business norm of successful firms; however, its strategic aspects and the role of a key individual, such as a chief executive officer (CEO) in its adoption, have been under-researched. This paper aims to investigate whether OI is relevant to SMEs and how CEO characteristics influence firm performance through OI. The hierarchical relationships between a firm and CEO characteristics are analysed with structural equation modelling (SEM) using data from 401 innovation-oriented SMEs in Korea. The results indicate that (1) openness can make a greater contribution to firm performance, (2) CEO characteristics are positively associated with openness, and (3) government support positively influences both openness and internal R&D. The research suggests that the human elements in SMEs should place a greater emphasis on OI to enhance firm performance and that policy makers should consider developing various programmes for key decision makers in SMEs to increase their awareness of OI.
Keywords: open innovation;CEO;SME;structural equation modeling.
Stimulating and inhibiting factors of patent filing with Brazilian universities
by Fernanda Pereira, Helder Costa, Valdecy Pereira
Abstract: One of the roles to be played by the University, besides the production of knowledge, is its contribution to technological innovation, which in some cases is manifested by the filing of patents. This characteristic becomes more important in countries that are in the development stage, as is the case of Brazil, one of the members of the BRICS. In this context, the following questions arise: What does the patent filing map in Brazil with the participation of Brazilian universities look like? And what are the factors that stimulate or inhibit the production of patents in this country? By identifying the main inhibiting and stimulating factors for the patenting in Brazilian universities from the perspective of Innovation Agencies, this unprecedented study may support policies to promote technological innovation and, in particular, to increase patent filing with the participation of universities.
Keywords: Patents; Brazilian universities; inhibiting factors; stimulating factors; Innovation Agencies; Brazil; patent filing map.
ASSESSMENT CRITERIA FOR SEED ACCELERATORS IN ENTREPRENEURIAL PROJECT SELECTIONS
by Teresa Mariño-Garrido, Domingo García-Pérez-de-Lema, Antonio Duréndez
Abstract: This paper contributes to the literature on accelerators by filling the gap concerning the criteria used to select venture projects. Seed accelerators develop strict and rated assessment criteria for project selection that grants them objectivity and guarantees program success. This study uses a sample of 309 cases to analyse the criteria applied by an accelerator when selecting projects. Among these cases, 15 entered the accelerator stage. Our work first examines variables linked to the business project, such as the extent of innovation, extent of investability, speed of acceleration and extent of team consistency. It then assesses entrepreneurial skills such as negotiation, teamwork, creativity, communication and leadership. Our findings show that extent of team consistency and speed of acceleration are the most widely-used variables to assess a business project, while the most valued entrepreneurial skills are leadership followed by creativity. Furthermore, the project is more likely to enter the acceleration stage in the presence of higher team consistency and creativity.
Keywords: Seed accelerator; entrepreneurship; start-up; venture capital.
EVOLUTION OF INBOUND OPENNESS PROFILES IN THE INNOVATION PRACTICES OF SMALL AND MEDIUM-SIZED ENTERPRISES IN SPAIN AND PORTUGAL
by Franciane Hochleitner, Anna Arbussà, Germà Coenders
Abstract: The purpose of this article is to shed light on the patterns of inbound open innovation practices of SMEs and to explore potential size and country specificities. We base the analysis on data provided by three waves of the Eurostat Community Innovation Survey (CIS) for Spanish and Portuguese firms. The study identifies 5 innovation clusters with different openness profiles: closed innovators, absorbers of specialised knowledge, acquirers, co-operators and absorbers of industry knowledge. We find no substantial differences between small and medium-sized firms with regards to their innovation profiles, but there are substantial differences between the profiles of Spanish and Portuguese firms and the trends in said profiles. Portuguese firms increasingly rely on technology acquisition and Spanish firms on public institutions. These results could help shape national policy on intellectual property and public research systems, among others.
Keywords: Cluster analysis; SMEs; open innovation; innovation activities; innovation policy.
How does the Organizational Structure influence a Work Environment for Innovation?
by Eliana Gaspary, Gilnei Luiz De Moura, Douglas Wegner
Abstract: Companies operating in dynamic and rapidly changing markets need to design an organizational structure that fosters innovation. However, there are still remaining gaps in literature regarding the impact of organizational structure on the development of an environment that stimulates creativity and innovation. This paper analyzes the influence of different dimensions of organizational structure on the development of a work environment for innovation. A case study with a mixed method approach was conducted in the Brazilian subsidiary of a multinational company recognized worldwide for its innovative capacity. The results contribute to the theory by showing that several structural dimensions mainly the level of communication, level of formalization and job codification affect the work environment for innovation. The study also enriches the comprehension on how managers should design specific structural dimensions to stimulate creativity and innovation.
Keywords: innovation management; work environment for innovation; climate for innovation; creativity; organizational structure; matrix organization; human resources.
Venture capital firms valuation in bull and bear markets: Evidence from Sweden
by Anders Isaksson, Öystein Fredriksen
Abstract: This study uses an experimentally designed case study approach to investigate Swedish venture capital firms valuation practices in two different economic contextsthe economic boom (bull market) of 1999 and the downturn (bear market) of 2002. A key finding in our study is that during economic downturns, venture capital firms employed fewer and less advanced valuation methodsrelying more on rules of thumb and gut feeling than during boom times. We conclude that investor behaviour is considerably affected by current economic conditions and advocate strongly that it be considered in future research on not only venture capital valuation, but also investor behaviour in general. This study thus enriches the knowledge of venture capitalists valuation practices, in general, and how market conditions affect them. Furthermore, the results can also aid researchers in developing more relevant theories of valuation, valuation models, and valuation practices.
Keywords: venture capital; private equity; valuation; asset-based valuation; discounted cash flow valuation; required rate of return; cost of capital; dot-com bubble; economic bubbles; capital market myopia; bull market; bear market; investor behaviour.
Can we build resilience by way of creativity? Artistic ventures in a London hospice
by Thomas Hirschmann, Nigel Hartley, Steffen Roth
Abstract: Resilience and stress management are considered key factors for entrepreneurial success. In this research we propose that controlled, creative confrontation with adversity not only does not harm but, instead, helps to overcome stressful experience by fostering resilience. Our research is based on a neuronal network-model that pictures resilience and its relation to creativity. This model is applied to several cases of a UK hospice that successfully uses art to deal with the stressful conditions of dying inpatients. On this background we outline the concept of Controlled Creative Confrontation that harnesses the creativity-inherent potential for catalytic change to build resilience and permanently transform the self-perception of patients. This concept is illustrated in three exemplary cases of patients who successfully coped with their impending death by using art to confront, overcome, and re-build themselves in the face of this ultimate adversity. Describing these cases we point out which specific aspects of resilience we presume to be fostered by creativity. We conclude the research giving an outlook on suggested future studies providing quantitative support for and deeper insight into the causal relationship between the two concepts of creativity and resilience and their impact on the success of entrepreneurial ventures.
Keywords: Creativity; resilience; stress; coping; dying; art; entrepreneurial success.
SHARING YOUTUBE CONTENT IN OFFLINE MODE: AN ATTEMPT TO EXPLORE CONVERSATION THROUGH AN EXPERIMENTAL STUDY
by Janarthanan Balakrishnan, Susobhan Goswami
Abstract: Various researches have added up productive insights on users motivation and psychology behind online video sharing. Given that sharing involves communication and other related factors, this study aims to investigate the users communication needs and personality traits working behind sharing online videos in an offline platform. Given the popularity, YouTube was chosen for investigating the above research objective. With a differential approach, this study has employed social network analysis to understand the communication diffusion through quasi- experiment methodology. Three video genres-blocks; movie review videos, sports videos and music videos were chosen to understand the difference among the network structures. Further, personality of test units (five-factor model) and their communication factors (expertise, trustworthiness, attractiveness, social tie and homophily) are keyed out through the measures of eigenvector centrality, betweenness centrality and closeness centrality from the three network structures. The results indicated that the central units of movie reviews and music videos exhibited an extrovert personality, on the other hand, the central units from sports videos displayed an openness trait. Alongside the results of personality, it was understood that social tie, homophily and trustworthiness happen to be the most influencing factors in the communication diffusion of movie reviews, sports and music videos respectively.
Keywords: YouTube content; Social Network Analysis; Communication factors; Big Five personality traits; Centrality; Experiment method.
Innovation strategy and organizational structure:
insights from an Italian family firm
by Elisa Truant, Laura Broccardo
Abstract: Innovation is a key driver for national and international economic development and growth. Nevertheless, especially during a period of crisis, companies ration resources, limiting investments in research and innovation.
The objective of this study was to verify whether an innovation strategy might offer a competitive advantage, even during periods of crisis, to a family business operating in the automotive sector. In addition, it was also investigated if the company had modified its organizational structure to enhance strategy implementation.
The research methodology first focused on a review of the international literature relevant to innovation in family businesses and the strategy-structure alignment. Then, based on the literature, a relevant Italian case study about a leader in the European vehicle-transport sector was selected and examined. In recent years, crisis has strongly affected this sector, increasing the average life of commercial vehicles. To survive and thrive over this period, in contrast with the behavior of other companies, the family business owner adopted a proactive approach based on an innovation-focused strategy.
This paper adds specific findings related to the management of innovation in family firms, contributing to the expansion of the literature on innovation in family businesses and organizational structure while providing some useful practical insights.
Keywords: innovation; strategy; organizational structure; family firm; case study.
THE INFLUENCE OF NATIONAL CULTURE AND SUPPORT TO INNOVATE ON OPENNESS TO INNOVATION
by Leandro Santos, Rafael Pereira, Felipe Borini, Muhammad Raziq, Moacir Oliveira Jr.
Abstract: Fast environmental changes have increased the importance of innovation for firms. In this sense, the national culture of innovation is an important factor to promote openness to innovation and improve a countrys firms innovation process. This research seeks to answer the following question: Does the support to innovate intensify the influence of the national cultural on firms openness to innovation? The aim is to verify whether the relationship between national culture and openness to innovation is mediated by the support to innovate. Using a database from the Global Entrepreneurship Monitor (GEM) composed by 2.636 companies and applying the Structural Equations Modeling (SEM) technique, this study achieved contributions after testing some determinants for openness to innovation, revealing the importance of two prior aspects for openness to innovation: national culture and support to innovate. It also confirmed that support to innovate show notable effects improving the relationship between national culture and openness to innovation.
Keywords: National Culture; Support to Innovate; Openness to Innovation; Structural Equations Modeling; Global Entrepreneurship Monitor.
Complexity and Social Capital in Solidarity Economy: an empirical evidence of enterprises in Brazil
by Maria De Nazaré Soares, Aurio Leocadio, Silvia Maria Rebouças
Abstract: Solidarity economy is a social construction based on a social movement. This paper investigates the relationship between the principles of complexity and the generation of social capital in the solidarity economy enterprises and how network strategy affects this relationship. The data were collected through a national survey of 11,138 enterprises in Brazil and analysed statistically by a multiple linear regression analysis. Findings reveal a positive and significant relation between the principles of complexity and the generation of social capital. The principle of self-management has a particular effect on social capital under the influence of networks leading the enterprises to empowerment and local development. Regarding the principles of cooperation and autonomy, they contribute more to the generation of social capital without the influence of networking. This could be explained according to a critical comprehension of some authors, who reflect that, as they become bigger, enterprise lose cooperation and autonomy. Despite that, there is a generation of social capital by self-management principle.
Keywords: solidarity economy; social entrepreneurship; social inequality; complexity; self-management; cooperation; autonomy; social capital; networks of cooperation; social movements; social innovation; local development; Brazil.
Network characteristics and the adoption of organizational innovation in the food sector
by Zam-Zam Abdirahman, Ghasem Shiri, Loic Sauvée
Abstract: The purpose of this article is to assess the impact of network characteristics on non- technological, i.e. organizational innovations (hereafter OI), adopted by food companies. In the food sector context, we specifically put forward the importance of partnerships and networking activities, where this question is relevant. Indeed, relatively little is known about the importance of network characteristics, such as the diversity of partners or categories of networks (business clubs, technology parks, industry associations....), for the adoption of OI. Based upon a sample of 348 European food companies we were able to test hypotheses linking network characteristics with the adoption of OI in the food sector. The results of the research highlight the positive effects of network competence, of heterogeneity of members and of the category of club networks on the adoption OI by food companies.
Keywords: adoption; food sector; organizational innovation; network.
Examining conditions for successful entrepreneurship in Chinas firms
by Morris Foster, Lorraine Watkins-Mathys
Abstract: We examine the question of what factors might be likely to increase the probability of success for entrepreneurial activity by FIEs and domestic firms in China. We first examine the possibility of there being a distinct and separate notion of Chinese entrepreneurship but find that unlikely. The issue then becomes what contextual factors may be necessary to enable entrepreneurial activity in China to flourish and we locate four such factors. We acknowledge that our posited set of necessary factors is probably not a sufficient set but they are at the minimum a useful starting point.
Keywords: entrepreneurship; China; FDI; domestic investments; higher added value; context.
Comparison of online customer ratings between the eco-labelled and non-eco-labelled hotels of Oslo
by Hulisi Binbasioglu
Abstract: Online guest reviews are now playing an increasingly important role in consumer purchase decisions. Online booking websites are considered excellent sources of information, thanks to their millions of reviews. This paper contributes to research into eco-labels in the hospitality industry by discussing the online ratings of hotels with reference to different attributes, such as average daily rate, number of rooms, number of detailed reviews, and overall customer rating, as well as specific ratings for staff, value for money, location, facilities, comfort, cleanliness and free Wi-Fi. The results of this study indicate that there was a statistically significant difference between eco-labelled and non-eco-labelled hotels in terms of average daily rates and number of rooms. Eco-labelled hotels were found to have significantly better scores than non-eco-labelled hotels. However, there was no statistically significant difference between eco-labelled and non-eco-labelled hotels in terms of the number of detailed reviews and the customer ratings regarding the different attributes that measure customer satisfaction.
Keywords: online reviews; online hotel ratings; electronic word-of-mouth (eWOM); eco-labels.
Practices for building innovation capabilities of local employees at German manufacturing subsidiaries in China
by Wenqian Zhou, Vivek K. Velamuri
Abstract: Many German multinational companies aim to transform their subsidiaries in China that previously solely focused on manufacturing into subsidiaries that also drive innovation. However, these companies face numerous challenges, due to local differences compared to the West. In order to facilitate the process, this paper studies practices for building innovation capabilities at German manufacturing subsidiaries in China, taking into account the local challenges. Based on in-depth interviews with managers in China, this study identifies three practices for driving the built-up of innovation capabilities within the subsidiary organization: build knowledge, establish a mindset for innovation, and increase measures for employee retention. The study adds to extant research by detailing these practices with approaches that target local challenges. Compared to the West, the local challenges include differences in skills and knowledge, culture, as well as work behavior.
Keywords: building innovation capabilities; German subsidiaries; China.
Special Issue on: Migration and Diaspora Entrepreneurship Tackling the Heterogeneity
Entrepreneurship and economic integration of immigrants: a critical review of literature
by Jan Brzozowski
Abstract: This study provides a critical investigation of the research on immigrant entrepreneurship and economic integration of immigrants. Based on a sample of 44 articles, the paper shows the main theoretical concepts, methodological approaches and findings. The results of the literature review show surprising shortages in the studies on immigrant entrepreneurship as the immigrants self-employment status is usually perceived as a desired outcome of economic integration. Consequently, some important gaps in the knowledge on immigrant entrepreneurship are identified, and the most urgent directions for further studies are proposed.
Keywords: entrepreneurship; immigrant; economic integration.
Transnational Entrepreneurship: A Systematic Review of the Literature
by Diana Carolina Muñoz-Castro, Sandra Milena Santamaria-Alvarez, Sara Isabel Marin-Zapata
Abstract: This article presents a systematic review of the research literature on transnational entrepreneurship, addressing perspectives on the topic from different academic fields and providing an overall assessment of the main theoretical and empirical advances made to date, including research trends and gaps. To achieve this, we identified and revised the most relevant literature on transnational entrepreneurship published between 1995 and 2016. The results suggest that although institutions play a vital role for transnational entrepreneurs, their networks, human capital and motivations are crucial, since these resources can help them overcome structural constraints. We also found that most articles reporting on qualitative case studies focused on particular communities, suggesting there is a need for more comparative studies. We conclude that it is imperative to establish a more developed theoretical framework for the study of transnational entrepreneurship that would broaden scientific knowledge by integrating diverse disciplinary perspectives covering multiple fields of study.
Keywords: transnational; entrepreneurship; entrepreneur; diaspora; migrant; systematic review; institutions; networks; drivers; capital.
The Impact of Institutions and Cognition on Context: A Case Study Approach in International Entrepreneurship
by Arnim Decker
Abstract: This paper suggests a framework for context. Departing from the perspective
of structuration theory, we propose that cognitive processes enable agents to act within
structures. Cognition is dependent on institutional configurations which range from stable
to fast moving and dynamic. It is argued that the degree of the agents embeddedness
affects the cognition of the agent, which, in turn, enables the agents abilities to act
upon and influence structures in the understanding of structuration theory. Through this
mechanism, context emerges. A case study to depict the way a firm engages in cross-
border activities and navigates within different institutional environments is presented.
We propose that cognition is the link which connects institutions to the structure/ agent
system. The discussion concludes that cognition affects the creation of structures that
form the context in which the firm operates.
Keywords: Structuration theory; institutional analysis; context; international entrepreneurs; transnational entrepreneurs; digitisation.
The role of social media in the collaboration, interaction, co-creation and co-delivery of a social venture in an uncertain conflict environment
by Cherry Cheung, Caleb Kwong, Charan Bhattarai
Abstract: This research case study examines the creation and development of a bottom-up social enterprise immediately after the outbreak of a civil war in an Arab country by a group of young patriots in the aftermath of the Arab Spring uprisings in the 2010s. Drawing on Linders (2012) model of social action lifecycle, our study examines how different actors become involved and co-created a socially entrepreneurial venture (SEV), how these actors contributed to the coproduction and co-delivery of the social actions (values) over time, and how social media play roles in these processes. Drawing from the empirical evidences of citizen co-production within the existing literature, we found that SEVs operate in very different ways in which the role of social media is critical, both from their equivalents operating in a penurious but stable environment, and those intending to pursue political action within a conflict situation. In our case study, social media was not intended for mass-mobilisation, but for selected mobilisation amongst those within the network. This is due to the insecure environment and the fear of infiltration from opposing parties. We also examine how new actors were, over time, being carefully screened and selected, and potential harmful existing players being excluded, which in turn contributed to the evolving nature of the social enterprises.
Keywords: interaction; collaboration; uncertainty; war and conflict; social entrepreneurship; youth.
Motivations and barriers to crowdlending as a tool for diasporic entrepreneurial finance
by Cécile Fonrouge, Daniela Bolzani
Abstract: The flow of money from members of diasporas and their descendants back to their homelands is significant. In fact, such investments, when made in the form of loans aimed at sustaining entrepreneurship, can contribute to the economic development of the diasporas home country. Given the increasing relevance of crowdlending as a method of entrepreneurial finance in developing countries, what are the factors that motivate diasporans to invest through online crowdlending instead of through more traditional options, and what barriers hinder them from doing so? We present a theoretical analysis that draws on the existing literature on crowdfunding and transnational entrepreneurship combined with field interviews with three founders of online diasporic platforms. We discuss the variables that must be taken into account when explaining the motivations of diasporans and the barriers hindering their engagement in online microlending. Several areas are highlighted for future theoretical and empirical research to study this largely under-researched phenomenon.
Keywords: crowdfunding; microlending; entrepreneurship; migration; diaspora; diasporan; diasporic investment.
Special Issue on: ICMC 2016 Entrepreneurship and Innovation in the Multi-sector Network Economy
Sustainable Value Creation in the Commercialization of Innovation:
The Case of Auria Biobank
by Hanna Lehtimäki, Ilpo Helén, Karoliina Snell, Päivi Eriksson, Tero Montonen
Abstract: The purpose of this study is to examine how different logics of commercialization are part of sustainable value creation in an emerging area of healthcare. This paper presents an inductive interpretative case study to examine the emerging field of personalized medicine from the perspective of a biobank seeking to create value on its depository of tissue samples, patient records, and digitized data. This study increases our understanding of the challenges and opportunities faced by a company when developing innovations in healthcare. It contributes to the literature on the commercialization of innovation by exploring how sustainable value creation in an emerging industry builds on both planned and emergent commercialization activities and how different logics of commercialization are a part of sustainable value creation in personalized medicine.
Keywords: healthcare; innovation; commercialization; value creation; stakeholder; biobank; personalized medicine.
A Case Study of Exploring the Barriers of Pro-Environmental Behaviour
by Ville-Veikko Piispanen, Eeva Aromaa, Kaisa Henttonen
Abstract: The research focuses on the barriers of pro-environmental behaviour in a circular economy. More specifically, the aim is to study how an entrepreneur make sense of existing barriers when reflecting on the business. Previous studies on environmental awareness and behaviour have focused extensively on the individual and business level, yet barriers resulting from a circular economy have not been studied in small- and medium-sized businesses. In this single case study, the gap is explored by innovating a reflective circular economy diagnostics tool and interviewing one entrepreneur in an energy- and resource-intensive industry, which has many established and deep-rooted historical industrial practices. Content analysis and sensemaking practices have been used to analyse the data. The findings show that the barriers are mostly related to economics, and they can be structural, cultural, and contextual. The analysis also shows that pro-environmental concerns do not always lead to pro-environmental behaviour.
Keywords: Barriers; behaviour; circular economy; entrepreneurship; environment; sustainability; sensemaking; case study; SME.
Drivers and barriers to networked commercialization: A business model perspective
by Malla Mattila, Mika Yrjöla, Hanna Lehtimäki
Abstract: The purpose of this study is to adopt a business model lens to identify and analyze key drivers of and barriers to the networked commercialization of technology (NCT). The study contributes to commercialization literature by illustrating the usefulness of the business model lens for analyzing networked commercialization. The results of the empirical case study of a company developing disruptive nanotechnological solutions for mass production identify key drivers of and barriers to business model decisions in the NCT. The results show that the tasks and activities involved in the NCT and business model development are connected to others operating in the business network.
Keywords: technology commercialization; network; business model; resource; value proposition; value creation; value capture; venture; qualitative case study.
The Importance of Being Known: Evaluating Companies for Growth-oriented Incubation
by Paivi Eriksson, Tero Montonen, Juha Vilhunen, Kalevi Voutilainen
Abstract: This article explores the early phases of the incubation process, in which small and medium-sized companies are evaluated for a project that aims to accelerate their growth. Guided by the justification theory approach, the objective was to analyse how different orders of worth (inspired, domestic, fame, civic, market, and industrial) guided evaluation, selection and justifications thereof in a face-to-face meeting between project staff and business experts. Findings indicate that justifications for the companies having most potential for incubation were informed by the domestic order of worth in particular, emphasizing evaluators common history, mutual familiarity and personal relationships with the people and teams of the prospective companies. Concerning the industrial order of worth, professionalism, efficiency and a limited number of internal growth factors related to people were addressed.
Keywords: incubation; evaluation; selection; justification; SME; growth-orientation.
Appreciative Inquiry - Lessons Learned from Virtual Teams
by Debora Elam, Kristine Brands
Abstract: Technology continues to expand research opportunities and access to information previously constraint by resource limitations. Without the effectively utilizing technology, researchers could be limiting their potential to impact positive change. This paper describes some learnings from a review of the current literature regarding the use of technology in AI, as well as learnings from other fields in which technology has been used to bring people together in a virtual environment, and how technology can be applied to improve the richness of data to effectively impact change. This paper then describes some recommendations for AI researchers and identifies some additional areas for continued research in virtual AI studies.
Keywords: Appreciative inquiry (AI); virtual research technique; virtual collaboration; virtual brainstorming; Appreciative Sharing of Knowledge (ASK).
A case study on accounting facultys perceptions of technology in accounting classes
by Kristine Brands, Debora A. Elam
Abstract: The accounting profession is undergoing a transformation because of the explosion of the amount of financial data and information available to organisations, the demand for real-time access to information and the use of business analytics. The accountants of the future need to be qualified to address these challenges. This means that higher education accounting degree programs must adapt their curriculums and courses to leverage technology tools and practices to ensure that their accounting faculties are prepared to teach these courses. The purpose of this exploratory descriptive case study was to evaluate accounting instructors perceptions and experiences with technology to identify best practices to develop their technological intelligence to enable them to implement technology into accounting programs and courses to meet the demands that technology is placing on the accounting profession.
Keywords: accounting faculty; accounting courses; information technology; technology integration; accounting curriculums; technological intelligence; technological readiness; best practices.
Special Issue on: Sustainable Entrepreneurship
Management style and innovation of females in gender-atypical businesses
by Luisa Carvalho, Ana Fernandes
Abstract: Research on female entrepreneurship has increased in recent years. Female entrepreneurship is understood as an additional opportunity to create jobs and contribute to economic growth. Female entrepreneurs play a plurality of roles in the family and professional environment. The goal of this research is to study the entrepreneurial profile and the management style of females in gender-atypical businesses. This is a contemporary topic but still with few empirical studies, particularly in Portugal when we observe it from the specific regional perspective of less developed regions, such as the interior of Portugal (region of Viseu). This study is based on a qualitative methodology, and presents 12 case studies of female entrepreneurship in SMEs from to a regional perspective. The main results suggest that women voluntarily create their own business and balance their private and professional life well. The managerial profiles seem to reveal no substantial differences between male and female entrepreneurs.
Keywords: Case Study; Entrepreneurial profile; Gender; Women Entrepreneurship.
Work Integration Social Enterprises as symbols of sustainable entrepreneurship: Evidence from Spanish Case Studies
by Elisa Baraibar-Diez, Maria D. Odriozola, Emma Granel Prieto
Abstract: Work integration social enterprises (WISEs) are a type of social companies dedicated to help people at risk of social exclusion to join the ordinary labour market. The rise of people at risk of social exclusion after the European financial crisis has highlighted the role played by these companies and it is essential for their labour integration. Promoting work integration social enterprises increases social awareness and reinforces the transition from a disadvantaged group to working life. Koopera Santander (second hand clothing sale) and PLIS Servicios (ecological car washing) are two WISEs in the Spanish region of Cantabria that are also examples of sustainable entrepreneurship due to the activity they carry out (sustainability of resources), the objective to which they are committed (labour sustainability) and the saving of public resources (sustainability of public administration). Both WISEs have been created thanks to the entrepreneurial role of associations or cooperatives. Despite the support of these agents, both of them mention administrative barriers as the main obstacle to set up this type of social enterprise. The success of WISEs transforming socially dependent people into employed population is due to the more inclusive cultures and the deductions provided to private companies when hiring people who have passed through an itinerary of labour insertion.
Keywords: Work integration social enterprises; WISE; Social inclusion companies; Social entrepreneurship; sustainable entrepreneurship.
CORPORATE RESPONSIBILITY IN THE FAST FASHION INDUSTRY How Media Pressure Affected Corporate Disclosure Following the Collapse of Rana Plaza
by Elise Auke, Ana Simaens
Abstract: The concept behind fast fashion is that of quickly-produced, low-priced, and short-lived fashion items and, for many, it constitutes the opposite of sustaina-bility. The collapse of the Rana Plaza garment factory in 2013 generated greater focus on corporate social responsibility (CSR) issues within the fast fashion in-dustry and raised important questions about whether the industry can be sus-tainable altogether. This research aims to explore the reasons for which compa-nies engage in CSR initiatives and whether global news media attention has an effect on companies CSR disclosure and initiatives. The study draws upon le-gitimacy theory and media agenda setting theory to explore the link between CSR disclosure and news coverage. The research shows that the CSR disclo-sures varied according to the companies CSR profiles, and that media cover-age differed according to the companies CSR initiatives and proactivity in re-lation to the collapse. This paper contributes to the literature by qualitatively exploring the relationship between media attention and corporate disclosure in the ready-made garment industry after a disaster.
Keywords: Corporate disclosure; Corporate social responsibility; Media pressure; Rana Plaza.
The impact of institutions on SMEs innovation in Transition Economies
by Albulena Kadriu, Besnik Krasniqi, Cristina Boari
Abstract: This paper aims to investigate the institutional impact on innovation of firms across 30 transition countries in Central Asia and Eastern Europe. Building on the institutional theory literature, we hypothesize on the direct influence of formal and informal institutions on innovation, also taking into consideration the interaction effects between them, where the last play the role of moderator variable, and third, we examine the EU Membership as a control variable. The study uses structural equation modeling and data from Business Environment and Enterprise Performance Surveys (BEEPS) conducted by the World Bank/EBRD in 2012-2014 to understand the impact of institutional factors on the innovation of SMEs in transition countries. These results suggest that the perceived institutional obstacles are not an issue for the creation of innovation because bribery is used to overcome government ineffectiveness, bureaucracy and inflexible legislation that inhibits smooth economic activities.
Keywords: SMEs; transition economies; formal and informal institutions; innovation.
CATALYSTS OF UNIVERSITY SOCIAL RESPONSIBILITY INTO STRATEGIC PLANNING BY THEMATIC ANALYSIS AND DEDUCTIVE CODING
by Elva Ramos, Xavier Llinas-Audet, Jesús Barrena-Martínez
Abstract: The relevance of higher education institutions (HEI) for social development is unquestionable because of their potential for contributing intellectual solutions for the social, economic, and environmental welfare of society. The current study aims to: 1) examine which are the main catalysts of university social responsibility (USR) from a strategic management perspective; 2) show the relations among those catalysts through semantic networks; and 3) analyse the role of university promotion of entrepreneurship. The method uses a content analysis in a sample of 23 universities and examines the subject and codes to clarify the catalysts. The semantic networks are shown to reveal these connections. It was found that a high percentage of universities orient their efforts towards enhancing the employability of students, mainly through entrepreneurial projects intended to achieve social responsibility.
Keywords: Strategic Management; Strategic Planning; Stakeholder Theory; Higher Education Institutes; University Social Responsibility; Sustainable Entrepreneurship; Students Employability; University Economic Management; University Cooperation; Qualitative Research; Deductive Method.
Entrepreneurs' views on corporate social responsibility communication in SMEs insights from Germany
by Jelena Simon, Kerstin Ettl
Abstract: Although the entrepreneur plays a crucial role in SME development, discussions about corporate social responsibility (CSR) and the reasons for a lack of CSR communication by companies are paradoxically usually held without listening to the entrepreneurs themselves. We address this gap and two questions from an entrepreneurs point of view: How, for what reasons and to whom do SMEs currently communicate their CSR activities? What do SMEs themselves regard as requirements for effective and manageable CSR communication? We refer to case studies developed through in-depth interviews with SME owners in Germany and aim to illustrate the motives and challenges that entrepreneurs face when they talk (or do not talk) about and publicise (or do not publicise) fulfilled social responsibility actions. Our results emphasise the great importance of the entrepreneurs attitude towards and knowledge about corporate social responsibility in the method and intensity of CSR communication in SMEs.
Keywords: corporate social responsibility; CSR; sustainability; SMEs; entrepreneurs; communication; CSR communication; Germany; qualitative approach; case study; entrepreneurship; sustainable entrepreneurship;