Entrepreneurial and Small Business Operations | Open Access Articles

Crowdsourcing For Success, Singapore Management University

Perspectives@SMU

Fluentlee.com’s co-founder achieved 90 percent savings through crowdsourcing

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The Customer Insight Journey Of Amazing Grace, Pradeep Pant

Asian Management Insights

How do you put consumercentric marketing into action? Make it personal!

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Sentimental Drivers Of Social Entrepreneurship: A Study Of China's Guangcai (Glorious) Program, Daphne W. Yiu, William P. Wan, Frank W. Ng, Xing Chen, Jun Su

Research Collection Lee Kong Chian School Of Business

Social entrepreneurship plays an important role in local development in emerging economies, but scholars have paid little attention to this emerging phenomenon. Under the theory of moral sentiments, we posit that some entrepreneurs are altruistically motivated to promote a morally effective economic system by engaging in social entrepreneurial activities. Focusing on China's Guangcai (Glorious) Program, a social entrepreneurship program initiated by China's private entrepreneurs to combat poverty and contribute to regional development, we find that private entrepreneurs are motivated to participate in such programs if they have more past distressing experiences, including limited educational opportunities, unemployment experience, rural poverty experience, …

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Making Big Change In Small Sizes, Singapore Management University

Perspectives@SMU

Managing change can be a challenge especially for the SME with limited resources. Here are five factors that have proven to be powerful in execution.

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Wired And Ready For Action, Singapore Management University

Perspectives@SMU

Digital connectivity has changed the business model and will allow current vertical industries to hitch their value propositions and revenue streams to other firms' offerings.

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Crafting A Career Out Of Beer, Singapore Management University

Perspectives@SMU

Craft beers may be trendy, but making a profit on them can be challenging.

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India Starts To Open Up, Singapore Management University

Perspectives@SMU

Investors have often shied away from India, citing the difficulties inherent in its notoriously difficult businesss landscape. Yet there is a lot of money to be made in India, Dr S Narayan, Senior Research Fellow of the Institute of South Asian Studies at the National University of Singapore, told Perspectives@SMU. Many companies seem reluctant to carry out sufficient market entry analysis, he says, despite the policy changes now taking place in the world's tenth largest economy.

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A New Approach To Charitable Giving, Singapore Management University

Perspectives@SMU

Move over social entrepreneurship: hello venture philanthropy

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Exploring Family Features In Non-Family Organizations: The Family Metaphor And Its Behavioral Manifestations, Nava Michael-Tsabari, Wee Liang Tan

Research Collection Lee Kong Chian School Of Business

In this study, we explore the possibility of reproducing family business characteristics in the professional context of a non-family organization and analyze the behavioral manifestations of this application. Drawing upon discussions in the family therapy, organizational behavior and family business literatures, we identify cohesion and flexibility as the two primary dimensions of the family metaphor. We build on illustrative cases of three sports teams to explore these dimensions in a non-family business setting. Our exploratory analysis of these cases reveals the existence of family features and extends our understanding of these features beyond family businesses.

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Global Entrepreneurship Monitor 2012 Singapore Report, Olexander S. Chernyshenko, Marilyn A. Uy, David Gomulya, Francis L. K. Wong, Moon-Ho R. Ho, Yoke Yong Lai, Kim Yan Chan, Olwen Bedford

Research Collection Lee Kong Chian School Of Business

Independent of the stage of economic development, entrepreneurship plays a significant role for the expansion, job creation and overall economic health within a country. As a leading international indicator of entrepreneurial activity around the world, the Global Entrepreneurship Monitor (GEM) provides valuable insight into the state of entrepreneurship within and across developed and developing economies. Knowing the entrepreneurial aspirations of country’s residents is particularly relevant to Singapore’s innovation-driven economy given that the country’s prosperity depends largely on the economic activities of its citizens. We describe the key definitions and terms used in the GEM as well as the stages of …

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Social Capital, Informal Governance, And Post-Ipo Firm Performance: A Study Of Chinese Entrepreneurial Firms, Jerry X. Cao, Yuan Ding, Hua Zhang

Research Collection Lee Kong Chian School Of Business

This paper explores the links between entrepreneurs' social capital and post-IPO firm performance in China's unique capital market and regulatory setting. Using hand-collected data on entrepreneurs' political connections and firm financial information, we construct original measures for various types of social capital and examine their roles in determining the accounting and financial performance of entrepreneurial firms after an IPO. On one hand, firm accounting performance is enhanced by entrepreneurs' bridging social capital, such as political connections or a willingness to share power with external investors. On the other hand, bonding social capital such as intra-group related party transactions causes performance …

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Once More With Feeling …The Art Of Wooing The Public, Singapore Management University

Perspectives@SMU

Public relations is an art, declares Rose Tan, the doyenne of Singapore’s own sports public relations industry. And although it’s changing rapidly as communications cross multiple platforms, it’s still something that needs to come from the heart.

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The House That Jack Built: Tales Of A Serial Entrepreneur, Singapore Management University

Perspectives@SMU

Over the years Charles Goetz has built nine businesses and has experienced the ups and downs of entrepreneurial life. Even now, he tells Perspectives@SMU, there’s still nothing like the thrill of a new business to get him going in the morning.

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Smu Launches Southeast Asia’S First Regional Institute Focused On Family Businesses, Singapore Management University

SMU Press Releases and News

The Singapore Management University (SMU) today launched Southeast Asia’s first regional institute set up specifically to serve the needs of business families in this part of the world. The Business Families Institute, or BFI@SMU, will be an educational, engagement and research platform to bring together business families in Asia. SMU will leverage on the vast experience of faculty who have worked closely with business families and thus understand their strengths and challenges, as well as the University’s strong expertise in business and management, to help them deal with business family-specific issues such as family ownership, business succession, business diversification and …

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The Trojan Fish Strategy, Singapore Management University

Perspectives@SMU

How does an ornamental fish exporter grow its bottom line? Simple: By adopting and adapting the business model of the world’s most famous safety razor company. The Gillette Business Model, also known as Freebie Marketing, is much copied because of its simplicity: sell razors at a loss, or even give them away free, but make back your money with the disposable blade replacements. That same strategy has served many industries well

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Venturing Into India: Singapore-India Business Ties, Singapore Management University

Perspectives@SMU

The business strategy of transplanting business models in India is one way which companies can penetrate the economic potential of the country. It is about taking proven business models and finding strategies to bring them into India where there are opportunities to scale up dramatically and where there is an opportunity to tap into local capital and management and create value for shareholders.Yet, SMEs in Singapore are "under-invested" in India ...

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Collectivistic Norms And International Entrepreneurship: A Tale Of Two Clans, The Wenzhounese From China And The Chettiars From India, Wee Liang Tan

Research Collection Lee Kong Chian School Of Business

There is a need in the field of international entrepreneurship for ideas and theory developed from within the SME field and less reliance on that developed in the field of international business and large firms. This paper seeks to address this gap but examining the two groups of international entrepreneurs from China and India: the Wenzhou people and the Chettiars. These two groups began internationalising in the past before globalisation became a norm in the colonial days and before when ships sailed along trade winds. It seeks to draw lessons from these two groups: their collectivistic norms and practices.

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Book Of Secrets For Entrepreneurial Success, Institute Of Innovation And Entrepreneurship

Research Collection Institute of Innovation and Entrepreneurship

No abstract provided.

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Making Room: Lock+Store Leverages Singapore's Growing Appetite For Space, Singapore Management University

Perspectives@SMU

While expanding population numbers, escalating rents, and shrinking apartment sizes may not seem like a desirable situation for most, Helen Ng, CEO of Lock+Store, sees opportunity. Lock+Store is a business that leases small spaces to individuals, households and businesses in a variety of shapes, forms and sizes, ranging from 16 to 300 square feet. Sometimes called "self-storage", "mini-storage", "short-storage", "wine-storage" or even "lockers", these micro warehousing businesses emerged in Singapore only ten years ago.

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Engaging The Corporate Citizen: Social Challenges, Business Solutions, Singapore Management University

Perspectives@SMU

When he came up with the idea of selling toilets in Cambodia, where more than 60 per cent of the population does not have access to basic sanitation, National Volunteer and Philanthropy Centre chief executive Laurence Lien was laughed at. His detractors told him: "Nobody is going to purchase toilets from you because this is a community that is dependent on (financial) aid. "But tens of thousands of the toilets were sold within the first few months. Speaking at the Africa Singapore Business Forum, Connex, held at Singapore Management University in August 2012, Lien credits the success of the …

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Engaging Students In Higher Education Through Mobile Learning: Lessons Learnt In A Chinese Entrepreneurship Course, Thomas Menkhoff, Magnus Lars Bengsston

Research Collection Lee Kong Chian School Of Business

This evaluative-exploratory case study reports pedagogical experiences with using mobiles phones, wikis, and other mobile learning approaches such as podcasts and walking tours as educational tools in the context of an undergraduate course on Chinese Entrepreneurship and Asian Business Networks taught at a university in Singapore. Conceptualized as mobile learning, the paper argues that information and communication technologies (ICT) devices used by Gen Y students as part of their everyday life such as hand phones in combination with social media platforms such as course wikis and other proven pedagogical methods such as mini lectures, field visits, and walking tours can …

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Friends, Family, Or Fools: Entrepreneur Experience And Its Implications For Equity Distribution And Resource Mobilization, Reddi Kotha, Gerard George

Research Collection Lee Kong Chian School Of Business

Who helps entrepreneurs raise the resources they need and how much equity does an entrepreneur distribute in return? We use a sample of 611 entrepreneurs in the U.S. to examine why some entrepreneurs are more likely than others to distribute ownership selectively to helpers. We find that entrepreneurs with specific industry experience and start-up experience are able to provide ownership more selectively and raise more resources from their helpers. We refine the categorization of social ties further to make a distinction between professional and familial ties to show that the ownership distribution and types of resource contributions vary by the …

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The Role Of A Non-Executive Director In Smes, Jiwei Wang

Research Collection School Of Accountancy

There are not many SMEs in Singapore which employ independent non-executive directors. SMU Associate Professor of Accounting Wang Jiwei advised that there are immense benefits that a non-executive director can bring to an SME as its business grows. These include the credibility that the person can bring to the management team, including the important and useful contacts, as well as different skill sets and experiences. “Understand your needs and then identify the right type of experienced individuals who possess the necessary expertise or business networks. There is a high possibility that your ‘perfect' non-executive director may be someone you already …

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The Role Of A Non-Executive Director In Smes, Jiwei Wang

Research Collection School Of Accountancy

There are not many SMEs in Singapore which employ independent non-executive directors. SMU Associate Professor of Accounting Wang Jiwei advised that there are immense benefits that a non-executive director can bring to an SME as its business grows. These include the credibility that the person can bring to the management team, including the important and useful contacts, as well as different skill sets and experiences. “Understand your needs and then identify the right type of experienced individuals who possess the necessary expertise or business networks. There is a high possibility that your ‘perfect' non-executive director may be someone you already …

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Entrepreneurship, Professionalism, Leadership: A Framework And Measure For Understanding Boundaryless Careers, Kim-Yin Chan, Moon-Ho R. Ho, Oleksandr S. Chernyshenko, Olwen Bedford, Marilyn A. Uy, David M. Gomulya, Y. L. Sam, Wei Ming J. Phan

Research Collection Lee Kong Chian School Of Business

We propose a person-centered framework for conceptualizing subjective careers in an increasingly boundaryless work context. Specifically, we argue that entrepreneurship, professionalism, and leadership (EPL) can serve as three key dimensions of subjective career space. We relate this framework to earlier macro-level national and organizational career models proposed by Kanter (1989) and Schein (1978). Our empirical study involving 10,326 Singaporean university students demonstrated that entrepreneurial, professional, and leadership career aspirations (including motivations, efficacies, and intentions) can be measured independently, that these career dimensions are independent of vocational interests, and that they are to some degree viewed as competing career alternatives. We …

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Global Entrepreneurship Monitor 2011 Singapore Report, Olexander S. Chernyshenko, David Gomulya, Wei Ming J. Phan, Yoke Yong Lai, Moon-Ho R. Ho, Marilyn A. Uy, Kim Yan Chan, Olwen Bedford

Research Collection Lee Kong Chian School Of Business

Independent of the stage of economic development, entrepreneurship plays a significant role for the expansion, job creation and overall economic health within a country. As a leading international indicator of entrepreneurial activity around the world, the Global Entrepreneurship Monitor (GEM) provides valuable insight into the state of entrepreneurship within and across developed and developing economies. Knowing the entrepreneurial aspirations of country’s residents is particularly relevant in Singapore’s innovation-driven economy given that the country’s prosperity depends largely on the economic activities of its citizens. We describe the key definitions and terms used in the GEM as well as the stages of …

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Why Smes Should Aim At Becoming Exporters, Hian Teck Hoon

Research Collection School Of Economics

In the fortnightly series entitled 'Engage SMU profs', Professor Hoon Hian Teck, Associate Dean of the School of Economics, answers the questions: Should SMEs aim to become exporters rather than serve only the domestic market? What are the benefits to SMEs in doing so? Does the smallness in size limit their productivity growth? Are there any channels for SMEs to get assistance from the authorities, and what are these? He commented that if more of our local SMEs look towards the international marketplace and sell to foreign markets, not only will Singapore's GDP be boosted, local businessmen will also get …

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Entrepreneurship Education Policies In Singapore, Wee Liang Tan

Research Collection Lee Kong Chian School Of Business

No abstract provided.

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Aspirations, Innovation, And Corporate Venture Capital: A Behavioral Perspective, Vibha Gaba, Shantanu Bhattacharya

Research Collection Lee Kong Chian School Of Business

This study takes an organizational decision-making perspective to examine when firms are likely to utilize CVC units as a mechanism for externalizing R&D. We draw insights from the behavioral theory of the firm to argue that managerial aspirations for innovation-related goals are an important driver of CVC initiatives within firms. We test our argument by examining both the adoption and termination of CVC units for a sample of information technology firms from 1992 to 2003. Results show that a firm is more likely to adopt and less likely to terminate a CVC unit when its innovation performance is closest to …

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Wage-Vacancy Contracts And Coordination Frictions, Nicolas L. Jacquet, Serene Tan

Research Collection School Of Economics

We consider a directed search model with risk-averse workers and risk-neutral entrepreneurs who can set up firms that post wage-vacancy contracts, i.e., contracts where firms can make payments to more than one applicant, and where the payments can be different for each applicant and be contingent on the number of applicants. We establish that the type of contracts the literature focuses on are not offered if firms can post wage-vacancy contracts. We show that there exists an equilibrium satisfying a Monotonic Expected Utility property which is efficient. Furthermore, we investigate the role of wage-vacancy contracts on welfare and competition.

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Full-Text Articles in Entrepreneurial and Small Business Operations

Crowdsourcing For Success, Singapore Management University

Perspectives@SMU

The Customer Insight Journey Of Amazing Grace, Pradeep Pant

Asian Management Insights

Sentimental Drivers Of Social Entrepreneurship: A Study Of China's Guangcai (Glorious) Program, Daphne W. Yiu, William P. Wan, Frank W. Ng, Xing Chen, Jun Su

Research Collection Lee Kong Chian School Of Business

Making Big Change In Small Sizes, Singapore Management University

Perspectives@SMU

Wired And Ready For Action, Singapore Management University

Perspectives@SMU

Crafting A Career Out Of Beer, Singapore Management University

Perspectives@SMU

India Starts To Open Up, Singapore Management University

Perspectives@SMU

A New Approach To Charitable Giving, Singapore Management University

Perspectives@SMU

Exploring Family Features In Non-Family Organizations: The Family Metaphor And Its Behavioral Manifestations, Nava Michael-Tsabari, Wee Liang Tan

Research Collection Lee Kong Chian School Of Business

Global Entrepreneurship Monitor 2012 Singapore Report, Olexander S. Chernyshenko, Marilyn A. Uy, David Gomulya, Francis L. K. Wong, Moon-Ho R. Ho, Yoke Yong Lai, Kim Yan Chan, Olwen Bedford

Research Collection Lee Kong Chian School Of Business

Social Capital, Informal Governance, And Post-Ipo Firm Performance: A Study Of Chinese Entrepreneurial Firms, Jerry X. Cao, Yuan Ding, Hua Zhang

Research Collection Lee Kong Chian School Of Business

Once More With Feeling …The Art Of Wooing The Public, Singapore Management University

Perspectives@SMU

The House That Jack Built: Tales Of A Serial Entrepreneur, Singapore Management University

Perspectives@SMU

Smu Launches Southeast Asia’S First Regional Institute Focused On Family Businesses, Singapore Management University

SMU Press Releases and News

The Trojan Fish Strategy, Singapore Management University

Perspectives@SMU

Venturing Into India: Singapore-India Business Ties, Singapore Management University

Perspectives@SMU

Collectivistic Norms And International Entrepreneurship: A Tale Of Two Clans, The Wenzhounese From China And The Chettiars From India, Wee Liang Tan

Research Collection Lee Kong Chian School Of Business

Book Of Secrets For Entrepreneurial Success, Institute Of Innovation And Entrepreneurship

Research Collection Institute of Innovation and Entrepreneurship

Making Room: Lock+Store Leverages Singapore's Growing Appetite For Space, Singapore Management University

Perspectives@SMU

Engaging The Corporate Citizen: Social Challenges, Business Solutions, Singapore Management University

Perspectives@SMU

Engaging Students In Higher Education Through Mobile Learning: Lessons Learnt In A Chinese Entrepreneurship Course, Thomas Menkhoff, Magnus Lars Bengsston

Research Collection Lee Kong Chian School Of Business

Friends, Family, Or Fools: Entrepreneur Experience And Its Implications For Equity Distribution And Resource Mobilization, Reddi Kotha, Gerard George

Research Collection Lee Kong Chian School Of Business

The Role Of A Non-Executive Director In Smes, Jiwei Wang

Research Collection School Of Accountancy

The Role Of A Non-Executive Director In Smes, Jiwei Wang

Research Collection School Of Accountancy

Entrepreneurship, Professionalism, Leadership: A Framework And Measure For Understanding Boundaryless Careers, Kim-Yin Chan, Moon-Ho R. Ho, Oleksandr S. Chernyshenko, Olwen Bedford, Marilyn A. Uy, David M. Gomulya, Y. L. Sam, Wei Ming J. Phan

Research Collection Lee Kong Chian School Of Business

Global Entrepreneurship Monitor 2011 Singapore Report, Olexander S. Chernyshenko, David Gomulya, Wei Ming J. Phan, Yoke Yong Lai, Moon-Ho R. Ho, Marilyn A. Uy, Kim Yan Chan, Olwen Bedford

Research Collection Lee Kong Chian School Of Business

Why Smes Should Aim At Becoming Exporters, Hian Teck Hoon

Research Collection School Of Economics

Entrepreneurship Education Policies In Singapore, Wee Liang Tan

Research Collection Lee Kong Chian School Of Business

Aspirations, Innovation, And Corporate Venture Capital: A Behavioral Perspective, Vibha Gaba, Shantanu Bhattacharya

Research Collection Lee Kong Chian School Of Business

Wage-Vacancy Contracts And Coordination Frictions, Nicolas L. Jacquet, Serene Tan

Research Collection School Of Economics