Sensitivity Analysis And Optimization For Selected Supply Chain Management Issues In The Company – Using System Dynamics And Vensim,
2013
SelectedWorks
Sensitivity Analysis And Optimization For Selected Supply Chain Management Issues In The Company – Using System Dynamics And Vensim, Elżbieta Kasperska, Elwira Mateja-Losa, Rafał Marjasz
Journal of Entrepreneurship, Management and Innovation JEMI
The aim of our paper is to present the new results of research work on optimization and simulation for some logistic problems in the company. The System Dynamics (SD) method and the Vensim simulation language are applied in order to solve specific managerial problems described by Forrester in the model of supply chain. The historical model of Customer-Producer-Employment System by Forrester (Forrester, 1961) has not been examined with the sensitivity analysis, from the “automatic” testing perspective. Optimization experiments have not been conducted, either. It is surprising, since the model is old and widely known. The opportunities offered by the Vensim …
A Born Global Gradually Advancing Its Internationalization - A Case Study Of Internationalization Process Of A Small Tour Operator In A Niche Market,
2013
SelectedWorks
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 …
Exploring Alternatives For Sustainable Development In The Tamiahua Wetlands,
2013
SelectedWorks
Exploring Alternatives For Sustainable Development In The Tamiahua Wetlands, Luis Felipe Luna-Reyes, Jorge A. Durán-Encalada, Erick R. Bandala
Journal of Entrepreneurship, Management and Innovation JEMI
This article presents a preliminary System Dynamics model developed to analyze the sustainability of a natural reserve in Mexico: the Tamiahua Wetlands. Wetlands are often referred to as nature’s kidneys because they filter contaminants from water. In spite of their importance, wetlands are endangered areas around the world. In order to build the model we take into account the Fishbanks model developed by Meadows (2004) as a starting point. Then, the model considers variables related to changes in total and economically active populations, and contaminants in water. The preliminary model presented in this study implies that fishing activity in the …
Context And Animacy Play A Role In Dynamic Decision-Making,
2013
SelectedWorks
Context And Animacy Play A Role In Dynamic Decision-Making, Magda Osman, Alexandros Ananiadis-Basias
Journal of Entrepreneurship, Management and Innovation JEMI
Perception, judgment, and reasoning are all processes that are sensitive to cues to animacy (i.e. the presence of signals that indicate an object behaves as if it has intentions and internal goals). The present study investigated the following question: Does animacy facilitate decision-making in a dynamic control system? To address this, the present study used a dynamic decision-making task and compared behavior in four different contexts (Abstract, Animate-Social, Inanimate-Social, Inanimate- Non-social). Participants were randomly allocated to one of these contexts, and in each version they were required to learn to manipulate variables in order to bring the dynamic system to …
The Main Burdens Of Doing Business Perceived By Family-Owned Hospitality Enterprises In Slovakia,
2013
SelectedWorks
The Main Burdens Of Doing Business Perceived By Family-Owned Hospitality Enterprises In Slovakia, Ľudmila Šmardová, Ľuboš Elexa
Journal of Entrepreneurship, Management and Innovation JEMI
The main aim of the article is to identify the main burdens of doing business perceived by Slovak family owned hospitality businesses as well as to assess their view on the prospects for family businesses in Slovakia. The article analyzes primary data gained from an opinion survey conducted by means of a questionnaire in 2013. The business environment perception is evaluated according to the perception of certain external business environment indicators (conditions of doing business) depicted on the basis of the results of the pilot survey conducted in 2009 and the research carried out in 2010/2011. The results allowed us …
Validation Of System Dynamics Models – A Case Study,
2013
SelectedWorks
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 …
Entrepreneurial Orientation In Mexican Microenterprises,
2013
SelectedWorks
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 …
Ksp Polonia Warszawa’S Financial Problems – Analysis Of Liquidity And Debt,
2013
SelectedWorks
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 …
How Korean Venture Capitals Invest In New Technology Ventures,
2013
SelectedWorks
How Korean Venture Capitals Invest In New Technology Ventures, Youngkeun Choi
Journal of Entrepreneurship, Management and Innovation JEMI
In the entrepreneurship field, this study examines what kinds of external endorsements are helpful for venture capitals investment and the growth of new technology ventures in developing countries. This study uses the signalling theory and the methodologies of multiple regression and survival analysis with the panel data of the ventures in Korea. In the results, collaboration with business groups and certification of government are positively influential in attracting venture capitals’ investment, which accelerate the growth of new technology ventures. The practical implication for entrepreneurs is that they need to obtain the endorsement from business groups and governments strategically.
Technology Transfers And Knowledge Management In Developing Economies: Case Study Of An Indonesian Manufacturer,
2013
SelectedWorks
Technology Transfers And Knowledge Management In Developing Economies: Case Study Of An Indonesian Manufacturer, Wahyudi Wibowo
Journal of Entrepreneurship, Management and Innovation JEMI
International technology transfers are crucial for developing economies since they may operate as one of the key drivers in the economies’ development path. Previous studies have acknowleged some channels of technology transfers for developing economies. Nevertheless, the precise mechanisms of how the technology transfers would occur and take effect in each of the recipient economies and their domestic companies are still to be explored. Furthermore, understanding domestic companies knowledge management is important since it would determine the absorptive capacity of the company toward advanced foreign technologies. This study uses a case of technologically intermediate-level Indonesian manufacturer to show evidence of …
The Modeling Process Of The Materials Management System In A Manufacturing Company Based On The System Dynamics Method,
2013
SelectedWorks
The Modeling Process Of The Materials Management System In A Manufacturing Company Based On The System Dynamics Method, Małgorzata Baran
Journal of Entrepreneurship, Management and Innovation JEMI
The article presents the steps of modeling of the material management system in a manufacturing company. First, the modeling procedures indicating by Forrester, Łukaszewicz, Souček, Tarajkowski and Sterman were described and the essence of materials management in a manufacturing company was presented. Next, modeling of the materials management system was shown - step by step. Initially, the variables of the mental model connected with materials were defined, then variables in casual loop diagrams were linked. Diagrams were transformed into a simulation model that has been verified. The validation of the simulation model was conducted by using the following methods: assessing …
Entrepreneurial Intention Determinants: An Empirical Model And A Case Of Iranian Students In Malaysia,
2013
SelectedWorks
Entrepreneurial Intention Determinants: An Empirical Model And A Case Of Iranian Students In Malaysia, Abdolhamid Papzan, Nashmil Afsharzade, Khadijeh Moradi
Journal of Entrepreneurship, Management and Innovation JEMI
This study investigated entrepreneurial intention among graduate students of USM**** Engineering Campus. Applying the Theory of Planned Behavior (TPB; Ajzen), we examined the empirical model of entrepreneurial intention determinants. Although research has been conducted in entrepreneurial intention, limited study has been done among Iranian graduate students who are studying abroad. This research aims to fill this gap using Entrepreneurial Intention Questionnaire (EIQ, version 3.1). Accordingly, a survey study was applied and Iranian graduate students of the USM Engineering Campus were studied using the census method. The authors propose an empirical model and tested its reliability and validity using structural equation …
Evidence Of Opportunity And Necessity Driven Entrepreneurship In Nigeria,
2013
SelectedWorks
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. …
Differences In Perception Of The Participants In The Management Process And Its Real Trajectory,
2013
SelectedWorks
Differences In Perception Of The Participants In The Management Process And Its Real Trajectory, Olaf Flak, Adrian Pyszka
Journal of Entrepreneurship, Management and Innovation JEMI
The aim of the paper is to present results of the research that was focused on managers’ behaviours. We tried to discover the main differences between the real trajectory and perception of managers in the field of two types of management processes. In the first part of the paper there is a theoretical foundation of process management and conclusions that led to a research model. In the second part we present the state of art in the field of human perception theories. Then, we describe assumptions of the research and methods of gathering data. What is important in the case …
Total Participation Management:Toward Psychological Determinants Of Subjective Well-Being At Work,
2013
SelectedWorks
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. …
Innovations Under The Concept Of ‘Turning Garbage Into Gold’ In Fisheries Waste Management,
2013
SelectedWorks
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 …
Determinants, Moderators And Consequences Of Organizational Interaction Orientation,
2013
SelectedWorks
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 …
What We Learn About Global Systemic Risk With Neurosciences,
2013
RANI
What We Learn About Global Systemic Risk With Neurosciences, Armando F. Rocha
Armando F Rocha
Financial market crises are frequent events that trigger large financial losses and represent important global systemic risk (GSR). GSR forecasting is, therefore, a necessity to avoid the collapse of the global financial market. Understanding GSR dynamics is imperative if GSR is to be forecasted and controlled. Traditional finance theories have developed many tools for risk management that proved to be unreliable in the case of the 2008 Crisis. Recent results on financial decision-making provided by Neurosciences have being used to model the stock market dynamics. This approach is used, here, to model stock price evolution in 20 bourses during the …
A Neuromarketing Study Of Consumer Satisfaction,
2013
RANI
A Neuromarketing Study Of Consumer Satisfaction, Armando F. Rocha, Fábio T. Rocha, Lucia H. Arruda
Armando F Rocha
The interest of marketing science in using neuroscience techniques to understand the consumer’s thought processes, dates back to the 1970s, when EEG data were recorded while subjects were watching TV commercials. Recently, fMRI was used to study the neural correlates of culturally based brands and neural predictors of purchases. These studies have discovered important properties of the neural circuits that are associated with consumer decision-making process and satisfaction. Here, EEG brain mapping was used to study the dynamics of the brain activity associated with these processes. The present study validated the EEG technology as an adequate neuromarketing tool and shows …
The Role Of Ethics And Compliance In Unhcr - Global Context And Specific Challenges -,
2013
SelectedWorks
The Role Of Ethics And Compliance In Unhcr - Global Context And Specific Challenges -, Ngonlardje K. Mbaidjol Dr.
Ngonlardje K. MBAIDJOL Dr.
UNHCR’s primary purpose is, to safeguard the rights and well-being of refugees. It strives to ensure that everyone can exercise the right to seek asylum and find safe refuge in another State, with the option to return home voluntarily, integrate locally or to possibly resettle in a third country. It also has a mandate to help stateless people. In more than five decades, the agency has helped tens of millions of people restart their lives. Today, a staff close to 7,000 people (international and local staff combined) are on duty in more than 110 countries to help about 34 million …
