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Entrepreneurial and Small Business Operations

Journal of Entrepreneurship, Management and Innovation JEMI

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Full-Text Articles in Business

A Born Global Gradually Advancing Its Internationalization - A Case Study Of Internationalization Process Of A Small Tour Operator In A Niche Market, Karolina Nessel Jan 2013

A Born Global Gradually Advancing Its Internationalization - A Case Study Of Internationalization Process Of A Small Tour Operator In A Niche Market, Karolina Nessel

Journal of Entrepreneurship, Management and Innovation JEMI

Today much is already known about the internationalization patterns of small and medium enterprises (SMEs). However, the research has mainly focused on outward internationalization and more in manufacturing industry than in services (and hardly in the tourism industry). Thus, the paper undertakes an exploratory research in order to verify to what extent the common framework of analysis may explain an internationalization path of SMEs in the tourism sector. To this goal, a case study of a small tour operator in a niche market of weddings abroad in Poland is undertaken. The research seeks to match the firm’s internationalization characteristics with …

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Validation Of System Dynamics Models – A Case Study, Justyna Lemke, Małgorzata Łatuszyńska Jan 2013

Validation Of System Dynamics Models – A Case Study, Justyna Lemke, Małgorzata Łatuszyńska

Journal of Entrepreneurship, Management and Innovation JEMI

The purpose of this article is the analysis of the system dynamics model validation illustrated by the example of a model of the manufacturing resource allocation. In the first part of the article the authors present an overview of the definitions of validation and verification that can be found in the reference literature. Also, they emphasize the role which validation and verification play in the modeling process. Furthermore, they discuss the techniques of system dynamics model validation with particular focus on tests of the model structure, behavior and policy implications. The second part of the article contains an example of …

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Entrepreneurial Orientation In Mexican Microenterprises, Héctor Montiel Campos, Luis S. Alvarado Acuña, José Pablo Nuño De La Parra, Francisco A. Aguilar Valenzuela Jan 2013

Entrepreneurial Orientation In Mexican Microenterprises, Héctor Montiel Campos, Luis S. Alvarado Acuña, José Pablo Nuño De La Parra, Francisco A. Aguilar Valenzuela

Journal of Entrepreneurship, Management and Innovation JEMI

Over the past 30 years research on Entrepreneurship Orientation (EO) has provided valuable information regarding strategy, entrepreneurship and aspects of performance at the firm-level. In the entrepreneurial universe, microenterprises play a very special role in the business context of the economy. However, they have not been relatively present in the EO research. This paper studies the EO-performance relationship in a group of microenterprises in Mexico and includes the Dominant Logic (DL) as a variable that moderates this relationship. The results indicate that risk taking, proactiveness and competitive aggressiveness variables from the EO influence the microenterprise performance. In addition, the external …

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Ksp Polonia Warszawa’S Financial Problems – Analysis Of Liquidity And Debt, Elżbieta Marcinkowska Jan 2013

Ksp Polonia Warszawa’S Financial Problems – Analysis Of Liquidity And Debt, Elżbieta Marcinkowska

Journal of Entrepreneurship, Management and Innovation JEMI

Financial liquidity is one of the most important areas of running business operations. Each entity must keep it at an adequate level. Lack of financial liquidity is the main factor leading to bankruptcy of companies. The analysis of liquidity and debt verifies the ability of an entity to pay current liabilities and also confirms the company’s ability to survive on the market. Based on the results of the analysis of liquidity and debt the management should therefore prepare liquidity management strategy. The article is based on the available financial statements of KSP Polonia Warszawa Sportowa Spółka Akcyjna and presents an …

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Evidence Of Opportunity And Necessity Driven Entrepreneurship In Nigeria, Abubakar S. Garba, Fariastuti Djafar, Shazali Abu Mansor Jan 2013

Evidence Of Opportunity And Necessity Driven Entrepreneurship In Nigeria, Abubakar S. Garba, Fariastuti Djafar, Shazali Abu Mansor

Journal of Entrepreneurship, Management and Innovation JEMI

The objective of this paper is to examine the influence of poverty, unemployment and GDP on entrepreneurship. Time series data for 31 years was collected from various official sources for the analysis. Vector autoregressive (VAR) framework was adopted to systematically capture the rich dynamic of multiple time series. Other tests conducted were unit root test, Johansen and Juselius (1990) co-integration test, Granger causality and dynamic model analysis beyond the sample. It was found that poverty and GDP influence entrepreneurship negatively, while unemployment influences entrepreneurship positively. The paper reveals the presence of both opportunity and necessity driven entrepreneurs in the country. …

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Total Participation Management:Toward Psychological Determinants Of Subjective Well-Being At Work, Katarzyna Mika, Ryszard Stocki, Agnieszka Bożek Jan 2013

Total Participation Management:Toward Psychological Determinants Of Subjective Well-Being At Work, Katarzyna Mika, Ryszard Stocki, Agnieszka Bożek

Journal of Entrepreneurship, Management and Innovation JEMI

Aiming to determine which management practice has the strongest influence on the subjective well-being (SWB) of employees, three workplaces were assessed with reference to different levels of total participation management (TPM), an innovative approach to human resource management. The study examined whether the level of TPM is positively related with SWB, defined according to Diener’s (1984) affective and cognitive facets of work. The psychological explanation of the predicted dependence was the level of satisfaction of three basic needs (autonomy, competence and relatedness) distinguished by Deci and Ryan (2000a). The hypothesis about a positive relationship between SWB and TPM was confirmed. …

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Innovations Under The Concept Of ‘Turning Garbage Into Gold’ In Fisheries Waste Management, Muhammad Yusof Jan 2013

Innovations Under The Concept Of ‘Turning Garbage Into Gold’ In Fisheries Waste Management, Muhammad Yusof

Journal of Entrepreneurship, Management and Innovation JEMI

This paper discusses the encouragement of creativity and innovation in creating opportunities for entrepreneurship turning useless materials into valuable resources. It is necessary to know the thought process and planning in the entrepreneurship idea to create a new business at this time. One of the brilliant philosophies about entrepreneurs is that they are those who can “turn garbage into gold”. This concept describes the important character of entrepreneurs who foresee business opportunities and have the intelligence to transform trash into cash. This means that they have the necessary ability to create innovation and value-added products for sale. The analyzed case …

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Determinants, Moderators And Consequences Of Organizational Interaction Orientation, Christian Hoops, Michael Bücker Jan 2013

Determinants, Moderators And Consequences Of Organizational Interaction Orientation, Christian Hoops, Michael Bücker

Journal of Entrepreneurship, Management and Innovation JEMI

Interaction orientation reflects the ability of a company to interact with the individual customer and to gather information from successful interactions. Four dimensions of interaction orientation are identified in the literature: customer concept, interaction response capacity, customer empowerment and customer value management (Ramani and Kumar, 2008). This study shows that indeed a fifth dimension of interaction orientation exists and investigates the determinants, moderators and consequences of this construct. The first notable finding is that B2B companies exhibit a greater degree of interaction orientation than B2C firms. Ramani and Kumar hypothesized that in their study. We show that there are B2C …

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The Role Of The Internet In Overcoming Information Barriers: Implications For Exporting Smes Of The East African Community, Neema Mori, Gibson Munisi Jan 2012

The Role Of The Internet In Overcoming Information Barriers: Implications For Exporting Smes Of The East African Community, Neema Mori, Gibson Munisi

Journal of Entrepreneurship, Management and Innovation JEMI

Small and medium-sized enterprises play a significant role in the East African Community, contributing highly to the national income and employing a significant number of people. Exportation provides a great opportunity for these enterprises to expand their businesses and improve their performance. However, they encounter a number of informationrelated barriers before and during exportation. Based on literature, this paper identifies these barriers and discusses how the internet could be used to reduce them. Based on the internet, international business and small business literature, the paper provides propositions and develops a model that will be useful for future studies in this …

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Ownership Structure, Firm Value And Investment Opportunities Set: Evidence From Mexican Firms, Juan M. San Martín-Reyna, Jorge A. Durán-Encalada Jan 2012

Ownership Structure, Firm Value And Investment Opportunities Set: Evidence From Mexican Firms, Juan M. San Martín-Reyna, Jorge A. Durán-Encalada

Journal of Entrepreneurship, Management and Innovation JEMI

This paper analyses the influence of ownership, board of directors, and financial leverage on companies’ performance when these either face, or do not face, profitable growth opportunities. Towards that end we examined a sample of 83 listed Mexican firms during the period 2005-2011. The results confirm the relevance of debt and board of directors in terms of firm market value by showing a negative relationship between performance and both, board of directors and leverage, in the presence of growth opportunities. In contrast, the relationship between debt and performance becomes positive when firms have no profitable investment projects. The results also …

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A Research Proposal To Examine Entrepreneurship In Family Business, Jorge A. Durán-Enalada, Juan M. San Martin-Reyna, Héctor Montiel-Campos Jan 2012

A Research Proposal To Examine Entrepreneurship In Family Business, Jorge A. Durán-Enalada, Juan M. San Martin-Reyna, Héctor Montiel-Campos

Journal of Entrepreneurship, Management and Innovation JEMI

This paper builds on existing theoretical and empirical studies in the areas of family business and entrepreneurship. It uses Dubin´s theory building framework to propose a model for conducting research of family businesses and its linkage to entrepreneurial activities in Mexico. This works starts by describing the concepts of family business and explains the importance that these definitions can have on the variables to be included in the research. After that, the paper explains how the concept of “familiness” relates to the essence definition of family business. Using the resource-based view (RBV), agency theory, and social capital theories we describe …

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Female Entrepreneurship – An Appropriate Response To Gender Discrimination, Jacques Ascher Jan 2012

Female Entrepreneurship – An Appropriate Response To Gender Discrimination, Jacques Ascher

Journal of Entrepreneurship, Management and Innovation JEMI

This study aims to discuss one of the most significant economic and social developments in the world – the rise of the female entrepreneurship phenomenon. Women entrepreneurship needs to be studied as a separate field for two main reasons: (a). Female entrepreneurship is an important source of economic growth in creating new jobs and by being genetically different: women provide different solutions to management and business issues; (b). Female entrepreneurship has been neglected, particularly in business research. Although equal opportunity for men and women in the entrepreneurial field is not a reality in the short range, the progress towards its …

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Regional Determinants Of Efficiency Growth Of Small And Medium-Sized Enterprises. Evidence From Poland, Teresa Łuczka, Paweł Przepióra Dec 2011

Regional Determinants Of Efficiency Growth Of Small And Medium-Sized Enterprises. Evidence From Poland, Teresa Łuczka, Paweł Przepióra

Journal of Entrepreneurship, Management and Innovation JEMI

SMEs sector plays a vital role in modern economies. Therefore, the interest in its functioning among economists is in fact quite natural. This article is a part of a current research on regional factors contributing to the development of enterprises in this category. The first section examines earlier studies in this field conducted globally and in Poland. According to them, many elements enable the SME’s development. It is not surprisingly that the specified set of pro-growth factors does not exists. Next section describes the results of the author’s own studies in the fields. These studies relate to regional factors contributing …

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