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Article
Publication date: 9 June 2023

Wei Li and Zhuzhu Feng

Over the past decades, mainstream studies have generally indicated that new ventures could improve entrepreneurial performance by adopting strategic alliances (SAs). However…

Abstract

Purpose

Over the past decades, mainstream studies have generally indicated that new ventures could improve entrepreneurial performance by adopting strategic alliances (SAs). However, recently an increasing number of new ventures appear to not realize this objective using SAs at all times and may, rather, even be stuck in the survival trap. This dilemma indicates that the causal relationship between SAs and entrepreneurial performance in new ventures is not simply linear and rather a further complex nonlinear relationship. To handle this debate, this study attempted to reveal the nonlinear relationship of two types of SAs (technology alliances and market alliances) in new ventures with entrepreneurial performance (organizational growth and customer value). In addition, the moderating effect of transactive memory system (TMS) in the entrepreneurial team under the nonlinear relationship was explored.

Design/methodology/approach

This study established a research model by considering technology alliances and market alliances as two independent variables, organizational growth and customer value as two dimensions of entrepreneurial performance, and TMS as the moderators. The survey data collected from 207 Chinese new ventures was subjected to the hierarchical linear regression method for testing the proposed hypotheses.

Findings

The results revealed that there is an inverse U-shaped relationship between technology alliances and organizational growth, while the relationship between technology alliances and customer value was U-shaped. In addition, the relationship between market alliances and organizational growth was U-shaped, while an inverse U-shaped relationship was observed between market alliances and customer value. Finally, TMS was observed to positively moderate the U-shaped relationship between technology alliances and customer value as well as the U-shaped relationship between market alliances and organizational growth.

Originality/value

This study concluded that a nonlinear relationship between SAs and entrepreneurial performance existed in new ventures, which contributes to resolving the debate on whether new ventures could adopt SAs to improve entrepreneurial performance at all times. Specifically, the findings of this study would enrich the existing literature on the outcomes of SAs in new ventures through an evaluation of the effect of the inverse nonlinear relationship between technology alliances and market alliances on entrepreneurial performance (e.g. organizational growth and customer value). In addition, the findings of this study would extend the discussions about the conditions of the above causal relationship by introducing the TMS as the core moderator.

Details

Business Process Management Journal, vol. 29 no. 5
Type: Research Article
ISSN: 1463-7154

Keywords

Article
Publication date: 1 December 1999

Fredrik Ekdahl, Anders Gustafsson and Bo Edvardsson

The airline industry will be going through dramatic changes in the years to come. This is due foremost to altered customer demands and expectations but also to deregulation of the…

2239

Abstract

The airline industry will be going through dramatic changes in the years to come. This is due foremost to altered customer demands and expectations but also to deregulation of the airline business. Many airline companies have lost track of the true needs of their passengers and are trapped in outdated views of what airline service is all about. The paper illustrates how Scandinavian Airlines System (SAS) has tried to set a new standard for customer focused services. Part of this effort was a thorough investigation into the concerns of the customers throughout the entire travel experience. Based on the results, SAS has tried to build an understanding of its passengers and today it develops services founded on what SAS believes are the customers’ true needs and expectations.

Details

Managing Service Quality: An International Journal, vol. 9 no. 6
Type: Research Article
ISSN: 0960-4529

Keywords

Open Access
Article
Publication date: 23 April 2020

Lydia Cánovas-Saiz, Isidre March-Chordà and Rosa Maria Yagüe-Perales

Seed accelerators (SAs) appear as a more advanced version of business incubators. These for-profit organizations in exchange of equity, help setting new start-ups by providing…

5294

Abstract

Purpose

Seed accelerators (SAs) appear as a more advanced version of business incubators. These for-profit organizations in exchange of equity, help setting new start-ups by providing mentoring and funding during its first months. Due to their emergent nature, the impact and expectations of SAs remains largely unknown. Therefore, the purpose of this study is to throw new light on this field by empirically assessing for the first time the performance and prospects of these organizations through a survey of 116 SAs.

Design/methodology/approach

A model based on the Business Incubators literature is built with four categories covering size, location, age and profitability variables, leading to two hypotheses to be tested empirically over a survey of 116 SAs.

Findings

Some remarkable findings arise after implementation of both bivariate and multivariate analysis. The results confirm a higher size and performance in the US and in the oldest SAs at statistically significant levels.

Research limitations/implications

The study is not free from limitations but the findings make a contribution to the still scarce existing literature on SAs, and provide some managerial implications to their stockholders, to investors and to entrepreneurs.

Practical implications

The findings concerning performance indicators are especially helpful for investors, primarily concerned with the percentage return on investment factor, the period and the investment rounds needed to achieve exit. Another key issue is the SA's role as an employment seedbed. At first glance, the amount of employment, both overall and per company, might seem small given the young age of these firms. The impact of SAs on the generation of new employment is difficult to measure as it usually takes place in further stages of development of the tenant companies, the so-called scale-up process. Nonetheless, at present, the number of new companies being born is remarkable and, in terms of employment, the results are indeed promising. Our findings also offer important implications for entrepreneurs, venture investors and policy-makers. To entrepreneurs, our findings offer insight on the expectations to hold in the accelerator programs.

Social implications

For policy-makers and would-be accelerator founders, our results support the idea shared in the literature that accelerators can be an effective entrepreneurial intervention, even in small entrepreneurial ecosystems, compared to the strongest entrepreneurial hubs (Hallen et al., 2017).

Originality/value

SAs are a very recent phenomenon which is blooming all over the world, especially in developed countries. SAs are therefore considered a key agent in the prospects of any entrepreneurial ecosystem. However, no studies have so far analysed the impact and performance of this emerging instrument. This is precisely the main purpose of this paper, to offer for the first time an approximate and exploratory assessment on the impact and prospects of SAs, based on a database.

目的

種子促進中心,以企業孵化中心的更高級版本的形態出現。這些營利組織、在企業剛開始營運的首數個月內提供指導及資金,以換來股權。由於種子促進中心是從未有過的,故其影響及人們寄予的期望大致仍為未知之數。因此,本研究旨在這範疇內提供新的知識,以實證方法,透過調查116間種子促進中心,首次對這類組織的表現及前景進行了評估。

研究設計/方法/理念

研究人員根據關於企業孵化中心的文獻建立了一個模型,內容包括四個範疇,﹔涵蓋的變量為:規模大小、地域位置、經營年期及盈利狀況。這模型提供了兩個以實證方法、透過調查116間種子促進中心來進行驗證的假設。

研究結果

透過進行二元及多元分析取得卓越的研究結果。研究結果確認了在美國的種子促進中心及歷史最悠久的種子促進中心在統計意義上顯著地呈較具規模及表現更佳。

研究的局限/含意

本研究不是沒有局限的。唯研究結果為現時在種子促進中心方面的探討仍稀少的文獻提供了貢獻,亦為種子促進中心的股東、投資者及企業家提供了管理方面的提示。

實務方面的含意

與表現指數相關的研究結果對投資者尤為有用。他們主要的關注是投資因素的回報率,進行轉讓所需的時間及籌集投資總額。另一主要問題是種子促進中心作為就業苗床所扮演的角色。乍看之下,如考慮到這些公司短暫的歷史,無論整體的就業數量、或是以每間公司計算的就業數量都看似微小。種子促進中心在製造新工作方面的影響是難以量度的。這是因為新工作的產生通常出現在租戶公司發展的進一步階段內, 這就是所謂放大過程。但目前誕生的新公司的數目另人注目。而且, 以就業方面來說,效果實在是相當不錯的。我們的研究結果也為企業家、風險投資者及政策制定者提供重要的暗示。對企業家而言,我們的研究結果為他們就促進中心方案應持甚麼期望提供了啟示。

社會方面的含意

對政策制定者及未來的促進中心始創人而言,我們的研究結果支持文獻所說:促進中心、與最強大的企業樞紐比較之下,即使是在細小的企業生態系統裏,可以是有效的企業介入 (哈倫等人,2017)(Hallen et al., 2017) 。

研究的原創性/價值

種子促進中心是一個頗為近期才出現的現象。這現象在全球興盛起來,特別是在發達國家。因此,種子促進中心被認為是可為任何一個企業生態系統帶來前景的主要媒介。唯至今仍未有分析這新興工具的影響及表現的研究。這正正就是本研究的主要目的,就是首度根據一個數據庫,為種子促進中心的影響及前景提供一個適當和探索性的研究。

Details

European Journal of Management and Business Economics, vol. 29 no. 3
Type: Research Article
ISSN: 2444-8451

Keywords

Article
Publication date: 1 October 1999

Anders Gustafsson, Fredrik Ekdahl and Bo Edvardsson

The airline industry will be going through dramatic changes in the years to come. This is due foremost to altered customer demands and expectations but also to deregulation of the…

6917

Abstract

The airline industry will be going through dramatic changes in the years to come. This is due foremost to altered customer demands and expectations but also to deregulation of the airline business. Many airline companies have lost track of the true needs of their passengers and are trapped in outdated views of what airline services are all about. The paper illustrates how Scandinavian Airlines System (SAS) has carried out thorough investigations into the concerns of the customers throughout the entire travel experience. Based on the results, SAS has developed new services and redesigned old services. One of the key issues in the paper is the way SAS has chosen to develop the new services, namely to allow the passengers to define the process as opposed to defining it from the company perspective.

Details

International Journal of Service Industry Management, vol. 10 no. 4
Type: Research Article
ISSN: 0956-4233

Keywords

Article
Publication date: 2 November 2010

Sungchul Choi, Xin Ge and Paul R. Messinger

The purpose of this paper is to examine how consumers respond differently to “scratch and save (SAS)” promotions versus “tensile price claims (TPC).” SAS promotions provide a…

2939

Abstract

Purpose

The purpose of this paper is to examine how consumers respond differently to “scratch and save (SAS)” promotions versus “tensile price claims (TPC).” SAS promotions provide a possible discount (determined probabilistically) but conceal the exact amount until purchase. Tensile price claims (e.g. “up to 25 percent off on items marked with a red tag”) make imprecise price promotional claims. In addition to making indefinite price claims, SAS promotions (e.g. scratch and save up to 25 percent off) include gambling elements; the exact discount is determined randomly for individual consumers by a scratch‐off card.

Design/methodology/approach

Two experimental studies are conducted.

Findings

Evidence from two experiments indicates that consumers perceive SAS promotions to be more ambiguous than tensile price claims. In addition, the results demonstrate consumer uncertainty towards SAS promotions but also consumer willingness to gamble: deep discount SAS promotions are perceived as more attractive than limited‐scope tensile price claims.

Practical implications

The findings suggest that consumers perceive SAS offers more enticing than limited tensile price claims as the proposed discount increases. Furthermore, establishing a minimum savings offer could be used to encourage consumers to shop at retailers offering SAS promotions.

Originality/value

Limited work has focused on examining how consumers respond to SAS promotions because SAS promotions are a relatively new store‐level promotional tool. Furthermore, no research effort has been extended to directly compare consumers' perceptions of SAS promotions with tensile price claims.

Details

Journal of Product & Brand Management, vol. 19 no. 7
Type: Research Article
ISSN: 1061-0421

Keywords

Article
Publication date: 18 July 2008

Sungchul Choi and Moontae Kim

The paper seeks to examine cross‐cultural differences in how consumers evaluate “scratch and save” (SAS) promotions (which are characterized by uncertainty of savings outcomes…

Abstract

Purpose

The paper seeks to examine cross‐cultural differences in how consumers evaluate “scratch and save” (SAS) promotions (which are characterized by uncertainty of savings outcomes) between Canada and Korea, where the promotion tool is widely used but the countries have different cultural values.

Design/methodology/approach

An experiment was conducted to examine cross‐cultural differences in SAS promotion evaluations between Canada (n=77) and Korea (n=78).

Findings

SAS promotions effectively stimulate favorable shopping intentions in Canada, a country with a low uncertainty avoidance culture, more so than in Korea, a country with a high uncertainty avoidance culture. However, subjects in Korea show consistently higher savings expectations from SAS promotions than subjects in Canada. Thus, the results report that consumers with the highest savings expectations do not necessarily have the highest intention to shop. In addition, in Korea, a SAS promotion with guaranteed minimum savings is found to be very effective due to reduced ambiguity about its outcome.

Research limitations/implications

The study suggests cross‐cultural differences in the applicability of the disjunction effect.

Practical implications

The findings suggest that when SAS promotions are presented in a country with high uncertainty avoidance, retailers should explicitly indicate the value of the guaranteed minimum savings. By promising guaranteed savings, retailers can reduce consumers' relatively high concerns about unknown SAS outcomes, which results in a greater advantage in building favorable perceptions.

Originality/value

Very little work has been undertaken into SAS promotions and no known empirical research has been undertaken into cross‐cultural differences. This paper fills some of the gaps.

Details

Journal of Product & Brand Management, vol. 17 no. 4
Type: Research Article
ISSN: 1061-0421

Keywords

Article
Publication date: 6 November 2007

Sungchul Choi and Moontae Kim

The main purpose of this paper is to examine consumer perceptions of “scratch and save” (SAS) promotions, which are popular store‐level promotional tools. This paper particularly…

2297

Abstract

Purpose

The main purpose of this paper is to examine consumer perceptions of “scratch and save” (SAS) promotions, which are popular store‐level promotional tools. This paper particularly focuses on investigating the moderating effects of consumers' price consciousness and savings expectations.

Design/methodology/approach

Two laboratory experimental studies were employed to examine consumer responses to SAS promotions.

Findings

The results of two experiments show that SAS promotions positively affect consumer perceptions of offer value and store prices, and consumers' intentions to shop and spread positive word‐of‐mouth. In particular, the effects of SAS promotions are moderated by consumer price consciousness and expected savings. Furthermore, the first study shows that the level of claimed savings of SAS promotions does not favorably affect consumer reactions. The second study also shows that consumers' discounting of expected savings increases as the level of claimed savings of SAS promotions increases.

Research limitations/implications

Although SAS promotions are widely used by various types of retailers, there really is little known as to how consumers respond to SAS promotions. By providing evidence of the effectiveness of SAS promotions, this paper enables pricing researchers to extend issues related to such promotional tools.

Practical implications

For retailers, the most distinctive finding of this paper is that the level of claimed savings may not significantly affect consumer perceptions and shopping intentions, although an SAS promotion would be an effective promotional tool.

Originality/value

As a preliminary effort to examine the effects of SAS promotions, this paper offers a discussion of the future research opportunities.

Details

Journal of Product & Brand Management, vol. 16 no. 7
Type: Research Article
ISSN: 1061-0421

Keywords

Article
Publication date: 28 June 2021

Anuj Kumar Shukla and Anupam Dewan

Convective heat transfer features of a turbulent slot jet impingement are comprehensively studied using two different computational approaches, namely, URANS (unsteady…

Abstract

Purpose

Convective heat transfer features of a turbulent slot jet impingement are comprehensively studied using two different computational approaches, namely, URANS (unsteady Reynolds-averaged Navier–Stokes equations) and SAS (scale-adaptive simulation). Turbulent slot jet impingement heat transfer is used where a considerable heat transfer enhancement is required, and computationally, it is a quite challenging flow configuration.

Design/methodology/approach

Customized OpenFOAM 4.1, an open-access computational fluid dynamics (CFD) code, is used for SAS (SST-SAS k-ω) and URANS (standard k-ε and SST k-ω) computations. A low-Re version of the standard k-ε model is used, and other models are formulated for good wall-refined calculations. Three turbulence models are formulated in OpenFOAM 4.1 with second-order accurate discretization schemes.

Findings

It is observed that the profiles of the streamwise turbulence are under-predicted at all the streamwise locations by SST k-ω and SST SAS k-ω models, but follow similar trends as in the reported results. The standard k-ε model shows improvements in the predictions of the streamwise turbulence and mean streamwise velocity profiles in the zone of outer wall jet. Computed profiles of Nusselt number by SST k-ω and SST-SAS k-ω models are nearly identical and match well with the reported experimental results. However, the standard k-ε model does not provide a reasonable profile or quantification of the local Nusselt number.

Originality/value

Hybrid turbulence model is suitable for efficient CFD computations for the complex flow problems. This paper deals with a detailed comparison of the SAS model with URANS and LES for the first time in the literature. A thorough assessment of the computations is performed against the results reported using experimental and large eddy simulations techniques followed by a detailed discussion on flow physics. The present results are beneficial for scientists working with hybrid turbulence models and in industries working with high-efficiency cooling/heating system computations.

Details

Engineering Computations, vol. 38 no. 10
Type: Research Article
ISSN: 0264-4401

Keywords

Article
Publication date: 29 April 2021

Yanze Liang, Axèle Giroud and Asmund Rygh

Emerging market multinational enterprises (EMNEs) have consolidated their global presence recently, challenging existing international business (IB) theories. One of their most…

Abstract

Purpose

Emerging market multinational enterprises (EMNEs) have consolidated their global presence recently, challenging existing international business (IB) theories. One of their most significant characteristics has been the prevalence of strategic asset-seeking (SAS) mergers and acquisitions (M&As) targeting firms in developed countries. Such SAS M&As have been ascribed to the aim of acquiring or augmenting firm-specific advantages, rather than exploiting existing advantages. A literature review is needed to synthesize the growing number of academic studies and to contribute to ongoing theoretical developments on EMNEs' catch-up strategies.

Design/methodology/approach

The authors follow a standard systematic literature review approach. The authors collate academic studies on EMNEs' SAS M&As in developed markets published between 2000 and mid-2020, structuring the analysis using the logic of antecedent, process and performance outcomes.

Findings

The authors present recent research trends in terms of year, journal, theories and methods. The authors synthesize and analyze existing knowledge on EMNEs' SAS M&As and identify remaining gaps to suggest future research directions.

Originality/value

The review contributes by focusing on the key argument of current EMNE research – SAS M&As. By providing the first focused review on this topic, it provides a basis for further research on EMNEs' SAS M&As.

Details

International Journal of Emerging Markets, vol. 16 no. 7
Type: Research Article
ISSN: 1746-8809

Keywords

Article
Publication date: 1 December 1998

Dharma Deo Sharma

In the previous decade several studies have appeared that touch upon the subject of inter‐organisational strategic alliances (SA). Our knowledge on international SAs and the…

2427

Abstract

In the previous decade several studies have appeared that touch upon the subject of inter‐organisational strategic alliances (SA). Our knowledge on international SAs and the factors that govern these alliances is still limited. This paper will develop a model for the governance structure in international SAs. Based on a number of case studies, it is argued that three factors govern international SAs. These are relational, ethical and institutional factors. These three factors govern exchange in international SAs, contain opportunism and prevent defection from SAs.

Details

Journal of Business & Industrial Marketing, vol. 13 no. 6
Type: Research Article
ISSN: 0885-8624

Keywords

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