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Full-Text Articles in Business

The Optimal Timing Of Strategic Action – A Real Options Approach, Gordon G. Sollars, Sorin A. Tuluca Jan 2012

The Optimal Timing Of Strategic Action – A Real Options Approach, Gordon G. Sollars, Sorin A. Tuluca

Journal of Entrepreneurship, Management and Innovation JEMI

The possibility of a first-mover advantage arises in a variety of strategic choices, including product introductions, business start-ups, and mergers and acquisitions. The strategic management literature reflects ambiguity regarding the likelihood that a first mover can or will capture additional value. This paper uses a real options approach to address the optimal timing of strategic moves. Previous studies have modeled real options using either a perpetual or a European financial option. With these models, a strategic choice could only be made either without respect to a time frame (perpetual) or at a fixed point in time (European option.) Neither case …


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 …


Innovation Capital And Its Measurement, Tomasz Kijek Jan 2012

Innovation Capital And Its Measurement, Tomasz Kijek

Journal of Entrepreneurship, Management and Innovation JEMI

Innovation capital regarded as an element of intellectual capital reflects the ability of an organization to create and commercialize the new knowledge (innovations). The aim of this study is twofold. Firstly, an attempt is made to give a concise review of innovation capital concept and its measures in selected intellectual capital – IC –models. Secondly, this paper sets out to extend the current models and introduce a new valuation method of innovation capital. Moreover, the paper provides empirical evidence about the use of the proposed method.


The Spanish Cod Fishing Industry: Radical Production Changes Without Significant Changes In The Innovation System, Manuel González-López Jan 2012

The Spanish Cod Fishing Industry: Radical Production Changes Without Significant Changes In The Innovation System, Manuel González-López

Journal of Entrepreneurship, Management and Innovation JEMI

This paper studies the changes which have occurred in the Spanish cod fishing industry in the last few years. We also aim to understand the dynamics of industrial change and its relation to institutions, understood here as both formal and informal rules and conventions. Our results suggest that sometimes industries, in order to maintain their competitive position, need something more than incremental changes in their products or in the technologies that they use. As we can see with the Spanish cod fishing industry, major changes are needed which affect the institutional set-up of their production system. Nevertheless, even when major …


Languages In Problem Solving And Modeling, Kazimierz Śliwa Jan 2012

Languages In Problem Solving And Modeling, Kazimierz Śliwa

Journal of Entrepreneurship, Management and Innovation JEMI

The article concerns the problem of languages used in modeling and solving problems. Its framework stems from the distinction between two problem solving approaches – expert and interactive approach. The language choice is particularly important for the latter; we cannot solve a problem using a language that has not been used for the problem description. The text presents some arbitrarily chosen problem modeling languages, including computer supported ones. Special attention is paid to the SEQUAL and System Dynamics language.