International Journal of Management and Enterprise Development (17 papers in press)
Analyses of small and medium-sized Science and Technology Parks show that longer-term growth may depend upon attracting larger partners.
by Charles Mondal, Robert B. Mellor
Abstract: The growth of on-cluster and off-cluster SMEs and municipal Science and Technology Parks (STPs) were compared. The young (2003) Umea Science Park, accounts for 11% of firms and 29% of employment in Umea, containing 17 SMEs, with on average 7.42 employees per on-cluster SME compared to 2.14 employees in off-cluster SMEs. The more mature (1998) Skovde Science Park accounts for 30% of firms and 78% of employment in Skovde, with 21 on-cluster SMEs (discounting branches of 2 large companies) and 49 off-cluster SMEs; the off-cluster firms had 168 employees compared to 598 employees in 21 on-cluster SMEs. In Skovde, STP growth was strong and on- and off-cluster SMEs prospered. In Umea, STP and on-cluster SMEs grew slowly, while off-cluster SMEs proliferated. These results imply that young STPs grow better when they are interesting enough to be able to attract divisions of larger firms, which in turn improves the STP-level decision-making.
Keywords: Science Parks; innovation management; Technology Entrepreneurship; SME; success factors.
Use of Management Tools and Return on Equity
by Damijan Kreslin, Stefan Bojnec, Mirko Markic, Annmarie Gorenc Zoran
Abstract: The purpose of this research was to determine if there is a relationship among the use of management tools and techniques (MTTs) and selected factors on a company's performance (i.e., Return on Equity). 'The results showed that when managers were satisfied with the use of MTTs, companies increased their Return on Equity. Moreover, managers do not have enough knowledge or understanding of modern tools to promote ideas, renovate the business environment to create value. They spend too much time solving operational problems and neglect to identify the company's competencies, leadership skills, and vision for the company's development
Keywords: Management; Development; Strategy; Management Tools; Return on Equity; Company; Model; Decision.
Antecedents of Travel intention in rental taxi services post Coronavirus-19 Lockdown
by Asraar Ahmed, Damodharan Varadarajan Sowmya
Abstract: The novel coronavirus disease-19 (COVID-19) has caused a tremendous impact on the travel and tourism industry worldwide. This study investigates the factors that affect travel intention (TINT) in public taxi services post COVID-19 lockdown in Chennai city. The primary data collected from 296 respondents through a questionnaire survey, mainly from frequent travellers using a rental taxi in Chennai city. This study extended the theory of planned behaviour (TPB) in the travel intention context. The respondents' data were analysed using reliability, multi-collinearity, factor analysis, and regression techniques. The results show that perceived severity harms travel intention, which offers travellers a hesitation to travel because of the COVID-19 threat. Based on the travellers' feedback, various recommendations made to improve the Taxi rental service in Chennai city.
Keywords: Theory of Planned Behaviour (TPB); Travel Intentions (TINT); COVID-19; Rental Taxi; and Consumer Innovativeness.
Characteristics of growth management in healthcare business: Applying and developing the stages of growth service framework
by Anna-Mari Simunaniemi, Martti Saarela, Matti Muhos
Abstract: This study aims to clarify the context-specific characteristics of growth management in private healthcare business. The roles of healthcare professional and manager can be conflicting, and it is important to know what practical implications this has on healthcare business growth management. In this multiple case study, we use the growth management framework for general service businesses based on literature synthesis by Muhos et al., 2017) to identify the characteristics and underlying features of management in healthcare business. The data consist of 12 interviews among Finnish healthcare companies. As the main outcome, we present an adapted version of the stages of growth model for healthcare business and identify the contextual characteristics that are related to growth motivation and business competence of entrepreneurs, commitment and competence of employees, public sector relations, and regulation. Further, we adapt some of the original assumptions to better describe growth management in the context of healthcare service business including the conflicting roles of manager and healthcare professional, central of public sector and regulation, as well as growth motivation and business competence of entrepreneurs. These findings provide practical benefits for business owners as the framework assumptions can be used as a checklist when getting prepared for business growth.
Keywords: healthcare business; entrepreneurship; SMEs; growth management; stages of growth; context-specific characteristics; healthcare entrepreneurship; critical incidents; sequential incident technique; multiple case study.
Structural Equation Model of Technology Transfer from Nonprofit Organizations to Community Product Entrepreneurs.
by Kulnatee Laohakul, Bordin Rassameethes
Abstract: The goal of this study is to create equation models of technology transfer from non-profit organizations to community product entrepreneurs, using 462 transferee samples questionnaires. According to the findings, the transfer environment had no direct influence on the transferee's learning capacity as a mediator, but it did have a direct influence on the efficacy of technology transfer. The characteristics of the transferor and transferee had a direct impact on the efficacy of technology transfer. Transferor characteristics had no direct influence on the efficacy of technology transfer, but did have an indirect influence on the efficacy of technology transfer using the transferee's learning capacity as a mediator. Furthermore, transferee characteristics had a direct impact on the efficacy of technology transfer. The studys recommendations serve as a guideline for executives in developing relevant policies and strategies for developing technology transfer systems. It will aid the transferees preparation prior to the technology transfer. This will be useful in technology transfer.
Keywords: Entrepreneurs; Nonprofit organization; Structural equation modeling; Technology transfer.
INNOVATIVE SMALL START-UPS IN ITALY: A SUCCESSFUL BUSINESS MODEL?
by Guido Migliaccio, Pietro Pavone
Abstract: In recent years, the ecosystem of innovation in Italy has been populated by new players. This paper aims to investigate the validity of innovative start-ups business model. A large sample of innovative startups was developed to understand how they performed from an economic-financial point of view, in the period from 2014 to 2017, starting from the consideration of six fundamental parameters: localization, sector, skills, finance, assistance, and control. A disaggregated analysis is carried out, with the typical tools of statistical analysis of variance applied to balance sheet data, to understand differences in profitability and/or financial structure between innovative startups in different geographical areas within the Italian economic system. The results show good profitability, with average values higher than those normally recorded in traditional forms of business. However, further evidence relates to the increase in debt, with a low propensity for internal financing. Finally, the analysis on the dependence of performance from the geographical variable showed that the success of this particular business model is linked to the characteristics of the geographical macro-area.
Keywords: entrepreneurship; innovative small start-ups; balance-sheet analysis; variance.
ENTREPRENEURIAL TEAMS AND NEW VENTURE FUNDING: THE SOCIAL CAPITAL OF TEAMS ALTERING THE PECKING ORDER HYPOTHESIS
by Robert Randolph, Bart Debicki, Rebecca Long
Abstract: Building from existing research on the social capital of entrepreneurial teams, this study explores team affinity for external sources of startup capital. The objective of this research was to assess whether the pecking order hypothesis, which suggests that entrepreneurs will prefer specific forms of funding over others, would be confirmed in cases where a firm is founded by an entrepreneurial team due to differences in social capital. Our findings suggest that the pecking order hypothesis of startup capital acquisition strategies may not account for the distinct characteristics of entrepreneurial teams. By first replicating the pecking order hypothesis and subsequently testing its limitations, our study contributes to ongoing discussions regarding new venture startup strategies. Analyses of 738,058 firms support our arguments that teams are significantly more likely to violate the pecking order hypothesis than lone founders and that this relationship is strengthened in the case of family firms. The results presented herein should guide further research in social capital of entrepreneurial teams, explain some of the inconsistencies in research to-date regarding lone founders vs. team entrepreneurship in terms of capital acquisition, and aid entrepreneurs in their understanding of the preferred capital acquisition methods and selection of funding sources.
Keywords: entrepreneurship; entrepreneurial teams; new ventures; funding; social capital; pecking order hypothesis; family firms.
Impact of Dynamic Capabilities, Firm Characteristics on Firm Performance of Vietnamese Small and Medium Retail Enterprises
by Tommi Tapanainen, Kien Trung Dao, Hai T. T. Nguyen, Hue The Nguyen, Ngoc Bich Dang, Nguyen Danh Nguyen
Abstract: Within the research area of dynamic capabilities, one important context is SMEs, which are thought to be resource-poor and hence disadvantaged in the creation of such capabilities. We develop a model comprising of adaptive capability, entrepreneurial orientation, marketing capability and innovativeness, and investigate their link to firm performance using a sample of 243 Vietnamese retail-sector companies. We also include firm age and type (registered or traditional) in the hypotheses. The result of Structural Equation Modeling indicates that entrepreneurial orientation and innovativeness are directly linked to firm performance in this context, whereas adaptive capability and marketing capability are indirectly linked. Additionally, firm age was found to link to performance. Our findings have implications to context-based research in dynamic capabilities for SMEs. They also suggest, particularly, that Vietnamese SMEs should strengthen their entrepreneurial orientations and innovativeness further to improve their performance.
Keywords: Dynamic capability; firm performance; entrepreneurial orientation; marketing capability; adaptive capability; innovativeness.
The Role of Knowledge Management Processes in reducing Strategic Drift within the framework of Knowledge Leverage Strategies. An analytical leaders at the University of Kirkuk
by Modaffer Ahmed
Abstract: Using a knowledge-based perspective, this study examines how knowledge management processes influence reducing the strategic drift and then looks into the moderating role of knowledge leverage strategies. The research discovered a considerable favourable influence of knowledge management processes on reducing strategic drift. The evaluation also indicated that knowledge leverage strategies have a substantial moderating effect on reducing the strategic drift, particularly its effect on reducing the absence of strategic planning. The study's importance originates from the paucity of research on knowledge management processes and studies on knowledge leverage tactics as a predictor of reduced strategic drift. Additionally, There has been little research on the impact of knowledge leverage techniques on the relationship between knowledge management practices and strategic drift. This research is one of the earliest to look into these interconnections.
Keywords: knowledge leverage; knowledge management processes; strategic drift.
Factors influencing survival of Business Ventures in an underdeveloped economy: The case of Yemen
by Mugaahed Abdu Kaid Saleh, Manjunath K.R., Mohammed Mostafa Mohammed Qaied
Abstract: This study presents an empirical investigation of the factors that influence the performance of small and medium enterprises (SMEs) in Yemen being an underdeveloped economy; with the help of primary data drawn from 394 enterprises in two cities of Yemen. The data collected is randomly split into two sub data sets (50% each), Exploratory Factor Analysis is applied on the first sub data set, and CFA and SEM tools are applied on the other sub set of data to test the relationship and effect across variables. The model presented in the study fits the data well in the Yemeni context, and exhibits the significance of legal factors, temporary factors, and managerial factors on the performance of small and medium enterprises; while, financial factors, infrastructure factors and marketing factors are found insignificant in affecting small and medium enterprises (SMEs) performance. The findings of this study add to the scant literature pertaining to SMEs and their performance in least developed economies in the Middle East - Yemen in particular. Further, the proposed model would be of benefit to policy makers, practitioners, development partners and SMEs owners and managers from perspectives of identifying the characteristics of a conducive business environment by measuring the determinants of the survival/failure of the business in such environment.
Keywords: SMEs; Enterprises; Ventures; Survival; Performance; Yemen; Underdeveloped Economy.
Modeling Study of Resilience Components for Management System in Electricity Distribution Network
by Mosayeb Dashtpeyma, Reza Ghodsi
Abstract: Distribution of electricity, as influential interface between electricity generators and consumers, has been facing difficulties such as fluctuations in demand and consumer satisfaction. In this context, application and optimization of resilience capability in electricity distribution networks (EDNs) can play key roles in meeting the challenges and achieving competitive advantages. Accordingly, this paper aimed to address issues pertaining to identify technical and managerial components of resilience in the EDNs and to model relationships among them. Resilience elements and main factors were identified through extensive literature review and inquire about experts viewpoints in this sector. Also, second order confirmatory factor analysis (CFA) was applied to model and evaluate how they relate to each other and total resilience capability. Obtained results offer a coherent view of the subject that contribute to provide more in-depth insights into the role of each element and main factor for developing the management system resilience in the EDNs.
Keywords: Electricity distribution network (EDN); Management system resilience; Resilience main factors; Resilience elements; Second order confirmatory factor analysis (CFA).
Do networks matter? Social capital and public investors the Austrian perspective
by Christian Schlamp
Abstract: The underlying study was concerned with governmental venture capital which is grounded in the assumption of market failure and financing gaps for technological start-ups (G
Keywords: Governmental venture capital; social capital; management and development; Austria.
Special Issue on: Managing People and Micro-sized Enterprises in Change
Success factors of intra-organisational online collaboration: a systematic literature review
by Samuel Reeb, Alexander Clauss, Florian Lenk, Mattis Altmann
Abstract: The implementation and development of online collaborative working methods within companies, project teams, and departments can support creating and distributing knowledge to accomplish common business goals. The current scientific literature reveals a lack of condensed knowledge, which causes uncertainty regarding what to focus on and which obstacles to avoid while establishing, maintaining and improving intra-organisational online collaboration (IOC). The aim of this research is to create a systematisation of literature, which gives a complete and structured overview of success factors for IOC. Therefore, an extensive systematic literature review was conducted. Additional expert interviews allowed in-depth descriptions and ensured a practical perspective. Both literature and interviews are systematically analysed using qualitative content analysis. The result is a systematisation of 32 success factors of IOC, which are categorised in collaborative human, collaborative organisation and collaborative technology. This gives an overview of adjustment factors, to establish, maintain and improve IOC.
Keywords: Intra-organisational online collaboration; success factor; online collaborative problem solving; literature review; MTO model.
Internationalisation of Microenterprises: Systematic Literature Review
by Ulla Lehtinen, Martti Saarela, Peetu Virkkala
Abstract: Microenterprises are the most common type of firm within the European Union, accounting for 93.2% of all enterprises. This studys aim is to obtain an overview of the literature on microenterprises internationalisation; this is done by conducting a systematic literature review (SLR). The research question of this study is as follows: What is studied in an academic context about the internationalisation of microenterprises? The findings highlight that there is a lack of academic research focused on the internationalisation of microenterprises as a special group of enterprises. The study contributes to the field of international entrepreneurship and literature on microenterprises.
Keywords: microenterprise; micro-company; micro-firm; smaller firm; internationalisation; export; international entrepreneurship.
The Influence of Organizational Capabilities on Organizational Performance in Manufacturing Sector
by Rajendran Muthuveloo, Koay Wan Fang, Teoh Ai Ping, Shaian Kiumarsi
Abstract: Organization performance is vital to achieving a competitive advantage that needed by organizations for business sustainability. The purpose of this study is to examine the influence of organizational capabilities on the performance of the organization in the manufacturing sector in Malaysia. The data were collected via a structured questionnaire, in which the unit of analysis is individuals working in manufacturing organizations in Malaysia. The findings indicated that organization capabilities have a significant influence on organization performance, and it is contributed by eight dimensions comprises of technology capability, dynamic capability, marketing capability, innovation capability, information technology capability, knowledge management capability, learning capability and management capability. This study enriched further resource base view and I-TOP model by confirming it claims on resources leads to organizational performance. It helps practitioners to strategize better to optimize their organizational performance by focusing on technology capability, marketing capability, innovation capability, knowledge management capability and management capability.
Keywords: Organizational Performance; Organizational Capabilities; Technology Capability; Learning Capability and Management capability.
Do Local Business Peculiarities Matter in Internationalisation? A Perspective from Micro, Small and Medium-Scale Entrepreneurs in Business Clusters
by Anthony Ayakwah, Isaach Sakyi Damoah, Ellis Osabutey
Abstract: The factors that drive small business cluster internationalisation have recently become a matter of great interest for policy in emerging and developing economies as they strive for sustained economic growth. Yet the literature overlook the significant influence that co-location play in generating the needed environment, within dynamic relationships, to drive the internationalisation activities in clusters. We posit that indigenous business environment and unique sociocultural relationship may drive small business exports. We addressed this gap by empirically collecting and analysing qualitative data from two food processing cluster in Ghana. The key findings revealed that, partnerships between multinationals and indigenous businesses, international exposure of fruit processing businesses and socially embedded relationship of associations and local distributors have paved the way for dynamic networks to be established in international markets. These export drivers are sustained by socio-cultural collaborative relationships which allowed Micro Small Medium Enterprises (MSME) to internationalise while maintaining its local peculiarity.
Keywords: Small business,Entrepreneurs; Knowledge; Networks; Internationalisation; Cluster; Ghana; Africa.rn.
The Role of Tacit Knowledge Sharing and Critical Adaptability in the Dynamic Effect of Training Quality on Organizational Performance: The Model of Indonesian Banking Industry
by Siti Zulaikha Wulandari, Setyabudi Indartono
Abstract: Organizational performance in banking become increasingly debates and has appeared more frequently in various disciplines in the scientific literature. Hence various issues of the banking performance antecedent still become attractive. Exploring the issue of training on organizational performance is believed to be controversial. Accordingly, this paper explores the banking business behaviour in term of the role of tacit knowledge sharing and critical adaptability in the dynamic effect of training quality on organizational performance. The multiple regression model was used to investigate the role Tacit Knowledge Sharing and Critical Adaptability in the Dynamic Effect of Training Quality on Organizational Performance. In this study, we surveyed 190 bankers. Results show that training quality has a significant effect on organizational performance. This study reaches the conclusion that tacit knowledge sharing and critical adaptability have significant roles by mediating the effect of training quality on organizational performance. A universalistic perspective is able to explain the mechanism of the research model. Hence, the result of the study is supported by the explanation of the dynamic effect of training quality on organizational performance. Implications of the study and future researches are discussed.
Keywords: Tacit Knowledge Sharing; Critical Adaptability; Training Quality on Organizational Performance; Indonesian Banking Industry.