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Singapore Management University

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Articles 271 - 300 of 398

Full-Text Articles in Entrepreneurial and Small Business Operations

Creativity Meets Cash: An Unlikely Pair?, Knowledge@Smu Apr 2012

Creativity Meets Cash: An Unlikely Pair?, Knowledge@Smu

Knowledge@SMU

There has long been a perception that creativity and money are somewhat opposed to one another. Profitable artists are sometimes seen as sell-outs while risk-averse corporations are seldom regarded as centres of creativity. Yet, for survival, businesses need to be creative and the creative-types need to eat. In the book, Brainfruit: Turning creativity into cash from East to West, authors Hugh Mason and SMU associate professor Mark Chong provide a slew of practical ideas for anyone aspiring to build or understand the business of creativity.

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Knowledge As A Driver Of Growth And Development In Asia, Knowledge@Smu Apr 2012

Knowledge As A Driver Of Growth And Development In Asia, Knowledge@Smu

Knowledge@SMU

Many Asian economies are in the process of transitioning from an industrial-led growth model to a more knowledge-based one. While some have seen greater success than others, several challenges have arisen in recent years, in particular, with rapid advancements in information-communications technology. These changes are discussed in 'Beyond the Knowledge Trap: Developing Asia's Knowledge-based Economies', a book that presents a range of studies to show how Asian countries are adapting and addressing some of the new issues brought about by changes within a more complex and globalised environment.

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Get Organised: The Importance Of Focus In Shopping, Singapore Management University Mar 2012

Get Organised: The Importance Of Focus In Shopping, Singapore Management University

Perspectives@SMU

Shopping may seem like a carefree experience with some regarding it as a stress reliever when they lose themselves in the mall. The reality is, however, that most of the work has been cut out for consumers from the time they enter, to the time the cash tills ring.

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Lifecycle Pricing For Installed Base Management With Constrained Capacity And Remanufacturing, Andreas Robotis, Shantanu Bhattacharya, Luk N. Van Wassenhove Mar 2012

Lifecycle Pricing For Installed Base Management With Constrained Capacity And Remanufacturing, Andreas Robotis, Shantanu Bhattacharya, Luk N. Van Wassenhove

Research Collection Lee Kong Chian School Of Business

Installed base management is the policy in which the manufacturer leases the product to consumers, and bundles repair and maintenance services along with the product. In this article, we investigate for the optimal leasing price and leasing duration decisions by a monopolist when the production and servicing capacity are constrained. The effect of diffusion of consumers in the installed base is considered, with the ownership of the product resting with the monopolist during the product lifecycle. The monopolist operating the installed base jointly optimizes the profits from leasing the product/service bundle along with maintenance revenues and remanufacturing savings. We formulate …

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Business Strategies For Emerging Markets: Agility, Size And Taste, Knowledge@Smu Jan 2012

Business Strategies For Emerging Markets: Agility, Size And Taste, Knowledge@Smu

Knowledge@SMU

Success in a new emerging market depends on many factors, such as market size, its purchasing power, and competition. Marketing strategies are critical for success too. While many companies have traditionally opted to localise their brands, a group of speakers at SMU's Centre for Emerging Markets believe that businesses need to be far more agile in differentiating themselves for local customers – especially as markets become increasingly global and homogenous.

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Enterprise, Not Aid, For Social Change, Kim Tan Jan 2012

Enterprise, Not Aid, For Social Change, Kim Tan

Social Space

A wind of change is blowing through the world of aid and philanthropy. The old formula of aid and compassion doesn’t work anymore. In its place, Kim Tanproposes a new model based on enterprise and financial capital.

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Social Incubators: A Place For Changemakers To Call Home, Jared Tham Jan 2012

Social Incubators: A Place For Changemakers To Call Home, Jared Tham

Social Space

While business incubators are an integral component of the startup ecosystem—by providing a space between the ideation stage and the point where investors are willing to commit funds— Jared Tham finds a dearth of similar structures in the non-profit sector to support fledgling social enterprises and social sector organisations.

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No Fear: Leadership, "Digital Cowboys" And The "Playstation Generation", Singapore Management University Nov 2011

No Fear: Leadership, "Digital Cowboys" And The "Playstation Generation", Singapore Management University

Perspectives@SMU

Finnish entrepreneur Pekka Viljakainen would be considered as successful by most measures. At only 38 years of age, he has managed a staff of 8,000 across 20 countries from Munich. His information technology (IT) consultancy, Oy Visual Systems, had merged with Tieto, another European IT firm, and Viljakainen was made executive vice-president.

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Cloud Computing: Low Cost High-Rise Living For Small And Medium Businesses, Singapore Management University Nov 2011

Cloud Computing: Low Cost High-Rise Living For Small And Medium Businesses, Singapore Management University

Perspectives@SMU

The trajectory of Information Technology’s (IT) growth and its impact has been explosive. Its continual evolution has created new paradigms in the way businesses are conducted, and how people interact with one another. One might even say that IT has trumped television to become the most important household entertainment medium.

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Growing In Asia: P&G Turns To Market Research, Singapore Management University Oct 2011

Growing In Asia: P&G Turns To Market Research, Singapore Management University

Perspectives@SMU

“Create excitement in the market with new products; entice the competitors to play, and together, we can grow the market,” said Medhee Jarumaneeroj, the 'influencer marketing & external relations leader' for Procter & Gamble (P&G) Asia's male grooming outfit. Speaking at the Marketing Excellence Speaker Series, a monthly talk organised by SMU's Centre of Marketing Excellence, Jarumaneeroj expressed excitement about Asia as a huge growth market for the American multinational.

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For A Competitive Edge In Services, Invest In The Right People And Processes, Singapore Management University Sep 2011

For A Competitive Edge In Services, Invest In The Right People And Processes, Singapore Management University

Perspectives@SMU

Steve Jobs can teach us a thing or two about customer loyalty. Though Apple products have sometimes fallen short of expectations, Apple customers think nothing of standing in line for hours just to get their hands on the company's latest. According to Valarie Zeithaml, a David S Van Pelt Family distinguished professor of marketing at the University of North Carolina, recent financials show that Apple is achieving US$4,406 per annum sales per square foot – far higher than brands such as the US$3,000 per annum sales per square foot of premier global jeweller Tiffany and US$1,700 per annum sales per …

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When Does The Socio-Cultural Context Matter? Communal Orientation And Entrepreneurs' Resource Accumulation Efforts In Africa, Jane N. O. Khayesi, Gerard George Sep 2011

When Does The Socio-Cultural Context Matter? Communal Orientation And Entrepreneurs' Resource Accumulation Efforts In Africa, Jane N. O. Khayesi, Gerard George

Research Collection Lee Kong Chian School Of Business

We examined the effect of entrepreneurs’communal orientation and social capital on entrepreneurs’ acquisition of resources, and the cost of raising those resources. Using an errors-in-variables estimation in a sample of 242 Ugandan entrepreneurs from Kampala, we find that shared identity is positively associated with the quantity of resources raised by entrepreneurs, whereas shared identity and communal orientation are associated with a higher cost of raising resources. Further, communal orientation positively moderates the relationship between kin composition and the quantity of resources raised; whereas communal orientation negatively moderates the relationship between trust, shared identity, and resources. In contrast, a high communal …

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Avoiding Road Bumps: Four Reliable Wheels For Biomedical Start-Ups, Knowledge@Smu Aug 2011

Avoiding Road Bumps: Four Reliable Wheels For Biomedical Start-Ups, Knowledge@Smu

Knowledge@SMU

Starting up a business in the biomedical industry is much like driving a car. According to Ting Choon Meng, a doctor and chief executive officer of HealthStats Singapore, there are four main 'wheels' that the entreprenuers must learn to operate. And just as in a real car, all four wheels must run in unison, or the business will not advance according to plan.

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Financial Capital And Startup Survival, Jeongsik Lee, Wei Zhang Aug 2011

Financial Capital And Startup Survival, Jeongsik Lee, Wei Zhang

Research Collection Lee Kong Chian School Of Business

Are entrepreneurs liquidity-constrained? We attempt to answer this question by investigating the impact of financial capital on startup survival. The analysis of about 5,000 startups from the Kauffman Firm Survey data shows that, controlling for human capital, having some type of financial capital increases survival chances, supporting the existence of liquidity constraints. Interestingly, however, the effects are not uniform across types of capital: securing loans is associated with higher survival likelihood but receiving equity investments shortens startup longevity. Accounting for the endogeneity in financing using the Inverse Probability Treatment Weighted (IPTW) estimation reveals that the negative effect of equity capital …

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Sme Inc: Corporate Success And Social Good, Paul Lim, Brendan Barrett, Nils Steinbrecher, Tomoki Fujii, Ted Tschang, Lieven Demeester Jul 2011

Sme Inc: Corporate Success And Social Good, Paul Lim, Brendan Barrett, Nils Steinbrecher, Tomoki Fujii, Ted Tschang, Lieven Demeester

Research Collection School Of Economics

Panel of experts share their views ranging from the definition of sustainable business to how governments should lead by example.

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Risky Ventures With Possibly No Returns: The Allure Of The "Wonderful But Weird World Of Biotechnology", Knowledge@Smu May 2011

Risky Ventures With Possibly No Returns: The Allure Of The "Wonderful But Weird World Of Biotechnology", Knowledge@Smu

Knowledge@SMU

Entrepreneurs in the biotech industry require large risk thresholds. For one, the business of research is an expensive one, the results of which may not necessarily translate to commercial viability. Investors with the foresight and patience for such long-term, high-risk ventures are also hard to come by. At a talk organised by SMU's Lee Kong Chian School of Business, Dr. Steven Fang, founder of CordLife, shared insights on what 'biotechopreneurship' entails.

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An Entrepreneur’S Voyage, With The Five Rs As His Guide, Knowledge@Smu May 2011

An Entrepreneur’S Voyage, With The Five Rs As His Guide, Knowledge@Smu

Knowledge@SMU

Behind the glamour of the booming marine industry, are the various supporting players like ship chandlers and maintenance service providers that help keep the vessels well-oiled and their crews well fed. In a recent talk organised by SMU’s Institute of Innovation and Entrepreneurship, Danny Lien, founder of Amos International, shares how he run this business based on relationship, reputation, resilience, realism and recreation.

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The Business Of Art, The Art Of Business, Knowledge@Smu Apr 2011

The Business Of Art, The Art Of Business, Knowledge@Smu

Knowledge@SMU

Fuelled by her life-long passion for the arts, Krisstel Martin chucked aside her degree in finance and banking to open an art gallery. At a recent talk organised by SMU’s Institute of Innovation and Entrepreneurship, Martin, owner of a gallery named after herself, shares the intricacies of dealing with prospective buyers, the joys of dealing with artists, and the passion and satisfaction of immersing herself in a business that she loves.

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The Indian Dream: How Former Subjects Of The Licence Raj Overcome Odds On The Path To Successful Entrepreneurship, Knowledge@Smu Mar 2011

The Indian Dream: How Former Subjects Of The Licence Raj Overcome Odds On The Path To Successful Entrepreneurship, Knowledge@Smu

Knowledge@SMU

Not many Asian parents will pull their child from school to help out in the family business. AVS Raju, owner of Indian construction company, Nagarjuna, did just that. Speaking at a recent Wee Kim Wee Centre talk at SMU, author Peter Church shared Raju's story, along with that of several other successful Indian entrepreneurs who are making their fortunes in areas such as textile, hotels, and airlines – amid a backdrop of poverty, hardship and red tape.

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International Entrepreneurship And Capability Development: Qualitative Evidence And Future Research Directions, Erkko Autio, Gerard George, Oliver Alexy Jan 2011

International Entrepreneurship And Capability Development: Qualitative Evidence And Future Research Directions, Erkko Autio, Gerard George, Oliver Alexy

Research Collection Lee Kong Chian School Of Business

In this article, we explore how new capabilities emerge and solidify in new ventures that are faced with fundamental uncertainty from their environment. To do so, we draw from the organizational and entrepreneurial literature on cognition and capabilities. Using initial qualitative evidence from a multi-firm study in the context of new venture internationalization, we develop a cognition-based model of capability emergence in new ventures. Our findings extend the capability development and learning implications of internationalization to the fundamental character of organizing processes in start-ups. Moreover, we derive avenues for future entrepreneurship research on the origins and evolution of capabilities in …

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The Business Model In Practice And Its Implications For Entrepreneurship Research, Gerard George, Adam J. Bock Jan 2011

The Business Model In Practice And Its Implications For Entrepreneurship Research, Gerard George, Adam J. Bock

Research Collection Lee Kong Chian School Of Business

While the term 'business model' has gained widespread use in the practice community, the academic literature on this topic is fragmented and confounded by inconsistent definitions and construct boundaries. In this study, we review prior research and reframe the business model with an entrepreneurial lens. We report on a discourse analysis of 151 surveys of practicing managers to better understand their conceptualization of a business model. We find that the underlying dimensions of the business model are resource structure, transactive structure, and value structure, and discuss the nature and implications of dimensional dominance for firm characteristics and behavior. These findings …

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Innovative Entrepreneurs' Workbook: A Guide For Innovators And Entrepreneurs, Arcot Desai Narasimhalu Dec 2010

Innovative Entrepreneurs' Workbook: A Guide For Innovators And Entrepreneurs, Arcot Desai Narasimhalu

Research Collection Institute of Innovation and Entrepreneurship

This is a workbook for individuals who have decided to start their long winding entrepreneurial journey. It is organized into four parts. The first part introduces the aspiring entrepreneur to the process of identifying an innovation opportunity and refining for market readiness. The second part provides insights into a product or service development. The third part lays out the key steps involved in building a new company. This part includes IP strategy for a startups, a topic rarely discussed in many text books or workbooks. The last part will discuss the art of securing the early deals. This book was …

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From Information Technology To Ice-Cream: One Man's Entrepreneurial Quest For Happiness, Knowledge@Smu Dec 2010

From Information Technology To Ice-Cream: One Man's Entrepreneurial Quest For Happiness, Knowledge@Smu

Knowledge@SMU

Medal-winning fencer Wong Toon King is not some swash-buckling corporate hot shot, slashing and hacking at business rivals. Rather, the former government scholar turned serial entrepreneur believes that the important ingredients to building businesses include not just good ideas, but also a knack of identifying trends and a good sense of timing. Most importantly, entrepreneurs need to be happy at what they are doing – even if it means scooping and serving Ben & Jerry's ice-cream every day, said the founder of The Happy People Co., local franchisee of the popular brand of ice-cream.

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Alternative Investment Market: Assessment And Proposals For Its Deepening From The Perspective Of Small And Medium Enterprises, Andrea Patricia Alba Molina, Nydia Remolina Leon Dec 2010

Alternative Investment Market: Assessment And Proposals For Its Deepening From The Perspective Of Small And Medium Enterprises, Andrea Patricia Alba Molina, Nydia Remolina Leon

Research Collection Yong Pung How School Of Law

Resolution 400 of 1995 – whose provisions are now included in decree 2555 of 2010 – regulated the Second Market through the establishment of certain requirements aimed at facilitating the access and permanence of SMEs as issuers in the Colombian securities market. Notwithstanding the above, in the latest list of offerings authorized by the Superintendence of Finance addressed to the Second Market, it was found that there are no issuers that fall within the legal concept of SME. Considering such circumstance, the purpose of this study is to assess the current status of the Second Market, both in Colombia and …

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Keys To Better Capitalism And Human Welfare: Entrepreneurship, Knowledge@Smu Nov 2010

Keys To Better Capitalism And Human Welfare: Entrepreneurship, Knowledge@Smu

Knowledge@SMU

The word “entrepreneurship”, despite its universal prevalence today, was a relatively new term that entered common lexicon only a few decades ago. Yet, there is no denying the role that entrepreneurs play in creating wealth, not merely for themselves, but also opportunities and welfare for large swathes of the populace, benefitting the overall economy. At a recent talk, Carl J. Schramm, president and CEO of the Kaufmann Foundation, reinforces the case for entrepreneurship and debunks some common views on who “entrepreneurs” are.

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Developing An Advanced High-Tech Entrepreneurial Habitat, Knowledge@Smu Oct 2010

Developing An Advanced High-Tech Entrepreneurial Habitat, Knowledge@Smu

Knowledge@SMU

Technology, in and of itself, cannot transform ideas to profits. According to William Miller, a professor, entrepreneur and venture capitalist, having the technology that the market wants is only part of the game. To be successful, technology requires other necessary conditions to be in place – an ecosystem of talent, money, trade, education, art, even lawyers – to grow and flourish. The challenge, however, is in getting the hardware-software combination right.

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From Imitators To Inventors: China’S Changing Innovation Landscape, Knowledge@Smu Sep 2010

From Imitators To Inventors: China’S Changing Innovation Landscape, Knowledge@Smu

Knowledge@SMU

Long derided as an economic entity happier to copy than to invent, the number of patents filed and assigned in China has been growing at 13% annually in the two decades to 2006, with a total of 1.1 million patents awarded. Private enterprises, after a slow start, are now leading the charge in securing an ever bigger number of patents, especially after 2001. Individuals, meanwhile, are the second most prolific group. What causes this surge in patent applications? What are some of the issues involved? SMU management professor Kenneth Huang details findings from a recent study.

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Nonprofit Organisations And Social Entrepreneurship Intentions, Wee Liang Tan Sep 2010

Nonprofit Organisations And Social Entrepreneurship Intentions, Wee Liang Tan

Research Collection Lee Kong Chian School Of Business

Nonprofit organizations are valued because they provide services that address unmet needs. Non-profit organizations who engage in social entrepreneurship augment their contributions through the new services, programs, enterprises and revenue generated. It is not surprising, therefore, for policy makers to encourage social entrepreneurship, social innovations and social enterprises. Such an initia-tive was introduced in Singapore recently. However, not all nonprofit organizations seek to innovate or create social enterprises. They may continue to devote themselves to their specific fields and exist-ing practices. Entrepreneurship research suggests that under certain conditions, organizations engage in entrepreneurship through new ventures, projects, and innovations. Hence, it …

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Right Up Our Valley: Why Singapore Ought To Quit Copying Silicon Valley, Knowledge@Smu Jul 2010

Right Up Our Valley: Why Singapore Ought To Quit Copying Silicon Valley, Knowledge@Smu

Knowledge@SMU

For a small piece of land with no natural resources to offer, Singapore's economy relies a lot on its strategic geographical location, human talents, as well as a penchant for wanting to be the global, and if not, regional 'hub' for commerce, arts and sciences. Where technology is concerned, the one to beat is Silicon Valley. A tall order, perhaps, but the draw is unmistakably alluring. On its own, the Valley boasts a GDP of US$100 billion, generating more wealth per person than anywhere else in the USA. Not content with just salivating over that piece of the pie, Singapore …

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Bringing Ideas To Life: Tapping On Design's Strategic Value, Knowledge@Smu May 2010

Bringing Ideas To Life: Tapping On Design's Strategic Value, Knowledge@Smu

Knowledge@SMU

Before Apple can wow its legions of devotees and win over new ones with its latest offerings, it needs a group of industrial designers to work their magic first. Highly integral to a product’s success yet often falling below the radar screen as a profession, industrial design involves a unique combination of factors – from studying market trends and human behaviour to conjuring new product categories. But what does it take for organisations to cultivate industrial design as a key competency?

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