Search results
1 – 10 of 320The goal of this work is to include the new economic-based approaches related to entrepreneurship that have been published in the literature. Based on the neoclassical and…
Abstract
The goal of this work is to include the new economic-based approaches related to entrepreneurship that have been published in the literature. Based on the neoclassical and Austrian schools, some sociological, psychological and economic theories about entrepreneurship. In this work, some unknown economic-based approaches related to entrepreneurship will be summarized, as they are included in the work of Saiz-Alvarez and García-Vaquero (2017). These approaches are: (1) The Jack-of-all-trades Theory, (2) The Mezzanine Theory, (3) The O-Ring Theory, (4) The Theory of Resources and Capabilities, (5) Entrepreneurial Bricolage, (6) The Processes’ School, (7) The Feedback Loop Theory, (8) The Theory of Effectuation, and (9) The Theory of the Optimal Triangle. All these theories will be summarized in this chapter.
Details
Keywords
Evgeny Popov, Jol Stoffers and Victoria Simonova
The purpose of this study is to specify cultural properties that influence inter-firm cooperation, advancing a conventional theoretical economic-based framework.
Abstract
Purpose
The purpose of this study is to specify cultural properties that influence inter-firm cooperation, advancing a conventional theoretical economic-based framework.
Design/methodology/approach
An evaluation of concepts related to parametric cultural assessment was the theoretical foundation for structural aspects of inter-firm collaboration, documented in an empirical study that investigates cross-cultural analysis. This study was based on research at a cross-national level, allowing cultural disparities to be captured. Therefore, the empirical basis was the sixth World Values Survey, which is the largest cross-national project for assessment of cultural values.
Findings
It was found that cultural properties, as freedom of choice; advancement of norms for equal dissemination of power; low perceived uncertainty; strategic orientation on the future; and spread norms of humanistic orientation would further develop inter-firm cooperation.
Practical implications
The current study specifies a systematic and practical definition of attributes in the culture of inter-firm collaboration. Advantages of such advanced frameworks are more sustainable collaboration models, decreased expenses of inter-firm coordination methods and possibilities for establishing network knowledge among collaborating firms – a necessity for competitive advantage in today’s global economy.
Originality/value
To the best of the authors’ knowledge, no previous research has been undertaken that specifies cultural properties influencing inter-firm cooperation, advancing a conventional theoretical economic-based framework.
Details
Keywords
Erin M. Casey and Jay H. Casey
Development of economic understandings fosters the growth of democratic citizenship competencies. Elements of popular culture should be recognized for the influence they have on…
Abstract
Purpose
Development of economic understandings fosters the growth of democratic citizenship competencies. Elements of popular culture should be recognized for the influence they have on children’s economic decisions. Children should learn of the concept of popular culture to regulate its effect on their habits and understand how it has shaped the lives of people throughout history. The paper aims to discuss these issues.
Design/methodology/approach
Using a C3 inquiry investigation, this study explored if students from fifth grade to kindergarten could be engaged in higher-level thinking about economic concepts through the analysis of elements of popular culture in historical primary sources and then continue that analysis into popular culture of their own lives. Analyses of students’ discussions during each stage of the study provide descriptive statistics and themes to reveal understandings.
Findings
Results imply that children can successfully engage in document analysis and creation of accurate present-day popular culture artifacts and that children in second grade and above were subsequently influenced in their economic understandings about spending and saving money from popular culture analyses. Children in first grade and kindergarten were not successfully able to express these deeper connections, which may be explained by cognitive theory offered for this age range.
Originality/value
This research offers a unique way of combining the analysis of historic and present-day primary sources in order to understand the influences popular culture can have on economic-based behaviors. Novel approaches, which use the C3 framework to engage students in higher-order thinking of social studies disciplines, will help build stronger democratic citizenship competencies in children.
Details
Keywords
Chin-Chun Hsu, Keah Choon Tan and Tritos Laosirihongthong
The purpose of this paper is to examine how corporate entrepreneurship, social capital and resources contribute to the implementation of supply chain management (SCM) practices in…
Abstract
Purpose
The purpose of this paper is to examine how corporate entrepreneurship, social capital and resources contribute to the implementation of supply chain management (SCM) practices in Association for Southeast Asian Nations (ASEAN) automotive industry.
Design/methodology/approach
A conceptual framework of antecedents of SCM practices and several research hypotheses were proposed. Hypotheses were tested with data from original equipment manufacturers suppliers in the ASEAN automotive manufacturing industry. Confirmatory factor analysis and multiple linear regressions were used to test the hypotheses.
Findings
The analysis of survey data suggests that corporate entrepreneurship theory and social capital theory play a key role in motivating and preceding SCM practices. However, traditional resource-based explanations of SCM decisions by western manufacturing firms do not always apply to ASEAN automotive suppliers.
Research limitations/implications
This paper may have excluded some crucial constructs that affect SCM practices. This study also suffers from the common limitations of empirical research, including the reliance on a single respondent. Prior studies suggest that firms with better resources are likely to create more effective SCM operations. This study contributes to the literature by adding behavioral explanations to the research stream. That is, drawing on corporate entrepreneurship and social capital theories, the authors’ link firm behavioral factors to their resources and thus help explains SCM practices.
Practical implications
This study provides some notable managerial implications. The study shows that to implement successful SCM practices, emerging ASEAN automotive suppliers should exploit both the internal and external antecedents of SCM. Internal antecedent in the form of corporate entrepreneurship that measures a firm's innovativeness and proactiveness, and external antecedent in the form of social capital that measures a firm's relationships with its supply chain members are important factors that affect SCM practices. Also, these factors are important in counteracting the adverse forces of the environmental uncertainty to improve performance.
Originality/value
These findings extend prior research by establishing the importance of the relationships between SCM practices and its antecedents. Also, this is one of the few studies that specifically examined the ASEAN automotive industry.
Details
Keywords
Nancy J. Miller, Terry L. Besser and Sandra Sattler Weber
The paper examines the building of a new business network by women apparel retailers operating in small Midwest US communities to better understand the network development process…
Abstract
Purpose
The paper examines the building of a new business network by women apparel retailers operating in small Midwest US communities to better understand the network development process and the contributions to small business marketing strategy.
Design/methodology/approach
Work draws upon the theoretical and empirical tradition of network studies using prior research for considering current small business owners. This case study approach involved documenting the evolution of relationships among retailers over a five‐year period by means of primary data collection from multiple sources.
Findings
Two theoretical network development frameworks were supported in the identification and description of critical transformation phases and the implicit impacts on retail member firms.
Research limitations/implications
The case study involves a limited number of business owners in the same retail sector operating in small towns. It may not be representative of retail operations of different size, in different sectors, and in different sized communities. However, insights are gained that can be used to build studies that focus on a variety of business types, geographic locations, and owner demographics.
Practical implications
The paper shows that networking is a viable market strategy for small community retailers and that economic as well as social benefits are accrued from interactions with network members.
Originality/value
Given the unique challenges of operating a small independent business, this work provides suggestions for building networks that generate collaboration as a marketing strategy.
Details
Keywords
Nick Swayne, Benjamin Selznick, Seán McCarthy and Kimberly A. Fisher
When it comes to undergraduate education, the terms “innovation” and “entrepreneurship” are often used interchangeably with respect to curricular practices and their associated…
Abstract
Purpose
When it comes to undergraduate education, the terms “innovation” and “entrepreneurship” are often used interchangeably with respect to curricular practices and their associated learning and developmental outcomes. The purpose of this paper is to chart a course through the vast and growing multidisciplinary literature covering both topics to argue that innovation and entrepreneurship are not only different concepts, but they also play out in postsecondary institutional contexts in different and important ways.
Design/methodology/approach
Based on these differences, the authors propose that developing innovators must precede teaching future entrepreneurs and that the home of innovation education is not necessarily in the business school at all. Ideally, the authors believe innovation should be taught separately from any one disciplinary context. To illustrate the concept, the authors point to an existing program where professors and students from different disciplines work together on actual problems provided by external clients from both the public and private sectors.
Findings
Based on the authors’ rationale and approach, the authors propose an agenda that would allow for a deep analysis of the interaction between organizational behaviors and student outcomes, providing insight into effective practices and strategies for mobilizing institutional efforts aimed at teaching innovation and better aligning innovation with entrepreneurship education.
Originality/value
The authors provide a clear rationale for separating innovation and entrepreneurship pedagogy in higher education, terms that have been conflated in literature and in practice for nearly a century. The authors do this in an original way by pairing a theoretical framework with a short case study of an education program that has developed innovation pedagogy at the undergraduate level.
Details
Keywords
Towns and cities across Canada face rapidly changing economic circumstances and many are turning to a variety of strategies, including tourism, to provide stability in their…
Abstract
Towns and cities across Canada face rapidly changing economic circumstances and many are turning to a variety of strategies, including tourism, to provide stability in their communities. Community Economic Development (CED) has become an accepted form of economic development, with recognition that such planning benefits from a more holistic approach and community participation. However, much of why particular strategies are chosen, what process the community undertakes to implement those choices and how success is measured is not fully understood. Furthermore, CED lacks a developed theoretical basis from which to examine these questions. By investigating communities that have chosen to develop their tourism potential through the use of murals, these various themes can be explored. There are three purposes to this research: (1) to acquire an understanding of the “how” and the “why” behind the adoption and diffusion of mural-based tourism as a CED strategy in rural communities; (2) to contribute to the emerging theory of CED by linking together theories of rural geography, rural change and sustainability, and rural tourism; and (3) to contribute to the development of a framework for evaluating the potential and success of tourism development within a CED process.
Two levels of data collection and analysis were employed in this research. Initially, a survey of Canadian provincial tourism guides was conducted to determine the number of communities in Canada that market themselves as having a mural-based tourism attraction (N=32). A survey was sent to these communities, resulting in 31 responses suitable for descriptive statistical analysis, using Statistical Package for the Social Sciences (SPSS). A case study analysis of the 6 Saskatchewan communities was conducted through in-depth, in person interviews with 40 participants. These interviews were subsequently analyzed utilizing a combined Grounded Theory (GT) and Content Analysis approach.
The surveys indicated that mural development spread within a relatively short time period across Canada from Chemainus, British Columbia. Although tourism is often the reason behind mural development, increasing community spirit and beautification were also cited. This research demonstrates that the reasons this choice is made and the successful outcome of that choice is often dependent upon factors related to community size, proximity to larger populations and the economic (re)stability of existing industry. Analysis also determined that theories of institutional thickness, governance, embeddedness and conceptualizations of leadership provide a body of literature that offers an opportunity to theorize the process and outcomes of CED in rural places while at the same time aiding our understanding of the relationship between tourism and its possible contribution to rural sustainability within a Canadian context. Finally, this research revealed that both the CED process undertaken and the measurement of success are dependent upon the desired outcomes of mural development. Furthermore, particular attributes of rural places play a critical role in how CED is understood, defined and carried out, and how successes, both tangible and intangible, are measured.
Using trade tensions as a background scenario, the study aims to investigate the dynamics of coexistence between cosmopolitan trends and the patriotic moods of luxury consumers…
Abstract
Purpose
Using trade tensions as a background scenario, the study aims to investigate the dynamics of coexistence between cosmopolitan trends and the patriotic moods of luxury consumers, and how these feelings interact with both economic animosity and intention to buy luxury products originated in the hostile country.
Design/methodology/approach
The analytical framework was tested through an empirical survey carried out on Russian and Chinese consumers. In total, 766 questionnaires were collected and were analysed using structural equation modelling method.
Findings
Results confirm that patriotic sentiments and economic-based feelings are negatively associated with intentions to buy luxury products that originated in the hostile area. Furthermore, results show that cosmopolitanism positively influences intention to buy. However, the positive effect of patriotism on economic animosity combined with its indirect effect on the intention to buy may reduce the strength of luxury products.
Practical implications
The study has practical implications since it identifies strategic suggestions for luxury companies' managers. More specifically, they have to be aware of the patriotic trends affecting Russian and Chinese consumers and should actively seek to leverage local partners' knowledge in order to better connect with customers' expectations.
Originality/value
The study contributes to a better understanding of the influence exerted by cosmopolitan orientation and patriotic feelings on luxury goods purchase intentions. The study also examines cosmopolitanism and patriotism as antecedents of animosity, which have not been extensively researched in the past with respect to the luxury sector.
Details
Keywords
Lukman Raimi, Innocent Akhuemonkhan and Olakunle Dare Ogunjirin
This paper aims to examine the prospect of utilising corporate social responsibility and entrepreneurship (CSRE) as antidotes for mitigating the incidences of poverty, insecurity…
Abstract
Purpose
This paper aims to examine the prospect of utilising corporate social responsibility and entrepreneurship (CSRE) as antidotes for mitigating the incidences of poverty, insecurity and underdevelopment in Nigeria. The paper derives its theoretical foundation from the stakeholder, instrumental and legitimacy theories, which all justify the use of CSRE for actualisation of Triple Bottom Line (i.e. the social, economic and environmental concerns of business organisations).
Design/methodology/approach
The study used the quantitative research method relying on the use of secondary data published by institutional bodies. The quantitative method entail a systematic extraction of reliable data on corporate social responsibility (CSR), insecurity, poverty and development from the publications of Office of the Millennium Development Goals in Nigeria, CLEEN Foundation, National Bureau of Statistics and Central Bank of Nigeria, respectively. For missing years, the authors improvised using projections as well as proxies. The extracted data, which spanned a period of 13 years, were subjected to econometric tests using SPSS, on the basis of which informed conclusions were drawn.
Findings
The first econometric result indicates a negative relationship between gross domestic product and poverty. The second result indicates that there is a positive significant relationship between gross domestic product and total crime rate. The third result indicates that there exists a positive relationship between gross domestic product and unemployment rate. The fourth result indicates that there is a negative relationship between gross domestic product and industrial growth rate. The last result indicates that there is a significant positive relationship between gross domestic product and CSR.
Research limitations/implications
The results of this research have macro-level application, hence the outcomes cannot be narrowed to any particular sector of the economy. A micro-level analysis across diverse sectors of the economy is recommended in future studies. The implication of this empirical research is that policymakers in the Nigerian private sector need to reinvent their CSR programmes as mechanisms for poverty eradication, entrepreneurship development (CSRE), dousing tension of restive youth, empowerment/support for security agencies for better crime prevention and for impacting on sustainable development.
Practical implications
In the face of dwindling financial resources in the treasury of governments, the reinvention of CSRE by private sector organisations as complementary mechanisms for combating social problems is becoming acceptable in both developed and developing nations. This paper therefore boldly recommends that policymakers reinvent CSRE as development mechanisms through a sound partnership between government, advocacy groups and business corporations in Nigeria.
Social implications
The paper explicates that CSR can indeed be reinvented by corporations as part of their social concerns to their operating environment instead of leaving all social problems to governments.
Originality/value
The research lends credence to stakeholder, instrumental and legitimacy theories of CSR. It also justifies the plausibility of CSRE, a novel concept being promoted in this research.
Details
Keywords
The purpose of this paper is to understand the motivations and dynamics of Polish small business owners who are living and working in the United Kingdom several years after…
Abstract
Purpose
The purpose of this paper is to understand the motivations and dynamics of Polish small business owners who are living and working in the United Kingdom several years after Poland’s enlargement to the European Union.
Design/methodology/approach
The data were collected using semi-structured interviews with 39 Polish migrants, residing in the Cardiff area, in 2008 and 2011. During the 2008 data collection period, 20 interviews were completed, and during the 2011 data collection period, 19 interviews were completed.
Findings
The findings highlight that migrants become entrepreneurs for a variety of reasons, blurring the lines between cultural and economic entrepreneurship as well as between necessity and opportunity entrepreneurship. The findings also highlight the changing motivations of the ethnic entrepreneurs over time, particularly when the demand for their product is unsustainable.
Research limitations/implications
The generalisabilty of the research is limited because of the small sample size. In addition, the lack of Polish language skills of the interviewer may have influenced the sampling of the Polish community.
Practical implications
The findings from this article will have an impact on the wider ethnic entrepreneurship literature, migration-based policy and the cultural integration of migrants in the long-term.
Originality/value
This article contributes to the wider literature on ethnic entrepreneurship through considering the migrants’ motivations throughout their entire entrepreneurial period and how these motivations may evolve over time.
Details