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Articles 301 - 330 of 398
Full-Text Articles in Entrepreneurial and Small Business Operations
Entrepreneurs Share Their Formula For Success: Failure, Knowledge@Smu
Entrepreneurs Share Their Formula For Success: Failure, Knowledge@Smu
Knowledge@SMU
Entrepreneurship is so often associated with risk-taking that in safety-seeking Singapore, it would be quite natural to assume a rather weak spirit of enterprise. Such an assumption, of course, would only be partly true. After all, successful entrepreneurs need to possess more than just an appetite for risk; they need to be skilled at harvesting talent, tapping on their networks and navigating around business environments. Can such successes be taught? Panellists at a recent forum seem to think so – but only to a limited extent. They draw distinctions between formulaic prescriptions and advice, saying that while there are no …
Successful Technopreneurship 2.0: Beyond Buzzwords And Technology, Knowledge@Smu
Successful Technopreneurship 2.0: Beyond Buzzwords And Technology, Knowledge@Smu
Knowledge@SMU
If entrepreneurship requires true grit, then technopreneurship – a new-age term that describes entrepreneurship in technology sectors – is quite likely the ultimate test, given the highly dynamic nature of technological innovation and its dependency on a host of external factors. Would the iPhone have succeeded without the App store? Could the Blu-Ray have taken off without the backing of major Hollywood studios? Will people buy GPS systems without maps? Such are considerations that technopreneurs have little influence over, but must always bear in mind because technology, in and of itself, bears little meaning for end-consumers.
National Venture Competition And Technopreneurship Development In Malaysia, Wee Liang Tan, Karl Egge, Osman Mohamed
National Venture Competition And Technopreneurship Development In Malaysia, Wee Liang Tan, Karl Egge, Osman Mohamed
Research Collection Lee Kong Chian School Of Business
In the global slowdown, there is a revived interest in entrepreneurship development particularly in new startups based on technology. Many countries see this as a basis for future growth and competitiveness. To encourage technology-based entrepreneurship, also called technopreneurship, business plan competitions could be one strategy. Typically one finds business plan competitions either for members of a region of a country (e.g.,SW Pennsylvania); or, as an extension of University programs in business and entrepreneurship (e.g., MIT). Certainly such competitions can generate and exploit interest in entrepreneurship. In Malaysia, beginning in 2001, a business plan competition with a difference has been established. …
Think Setting Up A Business Is Easy? Think Again!, Knowledge@Smu
Think Setting Up A Business Is Easy? Think Again!, Knowledge@Smu
Knowledge@SMU
Entrepreneurship stories are like fairytales. The rags-to-riches stories of college dropouts turned successful multimillionaires provide many an overworked and underappreciated employee with idealism and inspiration: to ditch a life of conventions and to pursue one's passions. But don't be naïve, says Wong Hoong An, chief evangelist officer of the popular local food website, HungryGoWhere.com. There are too many questions to consider, such as 'Can you live with a pittance of a salary for years?' and 'Do you relish change, instability and volatility?'
From Post-Its To Face-Bras: How 3m Puts Innovation Into Practice, Knowledge@Smu
From Post-Its To Face-Bras: How 3m Puts Innovation Into Practice, Knowledge@Smu
Knowledge@SMU
Most people are familiar with the genesis of the Post-it, 3M's signature yellow sticky pad: an accidental outcome that followed the discovery of a non-permanent adhesive. While innovations as such might be viewed as a fluke – an invention that occurred by chance – it is helpful to note that certain environments and conditions can render an organisation more 'accident'-prone. Geoff Nicholson, the "father" of 3M's line of Post-it Note products and an advocate of "risky business" behaviours, shared his insights and observations at SMU recently.
What Do Egyptian Tomb Raiders And Martial-Arts-Loving Entrepreneurs Have In Common?, Knowledge@Smu
What Do Egyptian Tomb Raiders And Martial-Arts-Loving Entrepreneurs Have In Common?, Knowledge@Smu
Knowledge@SMU
Some ancient Egyptians make stuffed animals to accompany their dead in their after-life, others raid the tombs for these animals to sell for a profit. For Chatri Trisiripisal, a 38-year-old self made millionaire, besides making his money running hedge funds and property investments, he also does so holding martial arts classes. According to Trisiripisal, chasing such entrepreneurial dreams requires one to be “crazy” sometimes. What are the other attributes that a bidding entrepreneur should have?
Family Control And Ownership Monitoring In Family-Controlled Firms In Japan, Toru Yoshikawa, Abdul A. Rasheed
Family Control And Ownership Monitoring In Family-Controlled Firms In Japan, Toru Yoshikawa, Abdul A. Rasheed
Research Collection Lee Kong Chian School Of Business
This paper focuses on a type of firms that have been traditionally neglected in both family business and governance research, namely, family-controlled, publicly-listed firms. Although principal-agent conflicts may be less prevalent in such firms, family control can potentially give rise to principal-principal conflicts, leading to expropriation of the wealth of minority owners by family owners. Superior firm performance and the willingness to distribute the profits through dividend payments would suggest the absence of such expropriation. Based on a sample of 210 OTC firms in Japan, we examined the relationships between family control and dividend payouts and profitability. Our results indicate …
The Idea Of Creativity, The Creativity Behind An Idea, Knowledge@Smu
The Idea Of Creativity, The Creativity Behind An Idea, Knowledge@Smu
Knowledge@SMU
Many people believe that creativity is important to their line of work – from salespeople to accountants, lawyers to administrators – but few people seem to believe that they have what it takes to be creative. Even fewer people think that their employers are helping them to be creative. What lies behind the mystical creativity holy grail that makes it so elusive yet incredibly seductive? Creativity expert Fredrik Härén provides some insights into how we think about creativity and what makes companies like Google, Apple and Pixar tick.
Transitions Within The Ecosystem Of Change, Willie Cheng
Transitions Within The Ecosystem Of Change, Willie Cheng
Social Space
The ecosystem paradigm provides a framework to understand and influence the forces of change facing the nonprofit sector. In this extract from the forthcoming book, “The World That Changes The World: How philanthropy, entrepreneurship and innovation are transforming the social ecosystem,” Willie Cheng describes the social ecosystem framework, its change enablers and macro-trends.
Are Family Firms More Tax Aggressive Than Non-Family Firms?, Shuping Chen, Xia Chen, Qiang Cheng, Terry Shevlin
Are Family Firms More Tax Aggressive Than Non-Family Firms?, Shuping Chen, Xia Chen, Qiang Cheng, Terry Shevlin
Research Collection School Of Accountancy
Taxes represent a significant cost to the firm and shareholders, and it is generally expected that shareholders prefer tax aggressiveness. However, this argument ignores potential non-tax costs that can accompany tax aggressiveness, especially those arising from agency problems. Firms owned/run by founding family members are characterized by a unique agency conflict between dominant and small shareholders. Using multiple measures to capture tax aggressiveness and founding family presence, we find that family firms are less tax aggressive than their non-family counterparts, ceteris paribus. This result suggests that family owners are willing to forgo tax benefits to avoid the non-tax cost of …
The Sinification Of Western Company Forms In Modern China: A Hybridization Of Sinospheres And Anglospheres, Wai Keung Chung
The Sinification Of Western Company Forms In Modern China: A Hybridization Of Sinospheres And Anglospheres, Wai Keung Chung
Research Collection School of Social Sciences
Western company or corporate forms were introduced to China for more than a hundred years. What has been the impact of this Western institution on the traditional mode of Chinese family business? At the same time, has the traditional Chinese mode of doing business changed any of the fundamental features of this Western institution, and in the end created corporate forms with “Chinese characteristics”? This paper uses the historical sociology and economic sociology perspectives to analyse the interaction between traditional Chinese business and Western corporate forms during the late 19th earlier 20th century modern China. Traditional Chinese business convention for …
Academic Entrepreneurs: The Role Of Star Scientists In Commercialization Of Radical Science, Reddi Kotha, Gerard George
Academic Entrepreneurs: The Role Of Star Scientists In Commercialization Of Radical Science, Reddi Kotha, Gerard George
Research Collection Lee Kong Chian School Of Business
We examine the effects of individual, team, and institutional capabilities on the governance of technology contracts. Star scientific teams may work on higher quality projects which may be of high or low risk, depending on the maturity of the technology. Arguments that assumed that both capabilities and risk are codetermined, and seldom diverge in their effects on incentive preferences, may be tenuous in these cases. We test our predictions using a two-stage model in a sample of 1,474 inventions that were licensed through performance or upfront contracts. We find that when individuals and teams have strong capabilities, they prefer performance …
Impact Of Culture On ‘Partner Selection Criteria’ In East Asian International Joint Ventures, Ravinder K. Zutshi, Wee Liang Tan
Impact Of Culture On ‘Partner Selection Criteria’ In East Asian International Joint Ventures, Ravinder K. Zutshi, Wee Liang Tan
Research Collection Lee Kong Chian School Of Business
Selecting the right partner is important for the success of alliances and joint ventures. For international joint ventures (IJVs) from diverse cultures the partner selection process can become complicated. Prior studies have investigated the alliances and joint ventures to develop a set of objective criteria for evaluating potential partners. This paper reports the study of IJVs formed by Singapore firms in Peoples Republic of China and India. The intent was to develop a methodology for identifying partner selection criteria in a cross-cultural setting. The findings reveal that the partner selection process follows a different logic in Confucian societies. Trust has …
Entering The Lion’S Den: Technology Entrepreneurs Need A Global View And Action Plan, Knowledge@Smu
Entering The Lion’S Den: Technology Entrepreneurs Need A Global View And Action Plan, Knowledge@Smu
Knowledge@SMU
How many technology companies are confident enough to venture outside the sheltered environment of their home country to compete against the market leaders in their own turf? Not many, especially for the new or young business ventures. Many avoid entering "the lion’s den", so to speak, for fear that they will be eaten alive. Yet, not many realise that if they cannot survive the “lion’s den”, they may not last very long within their own nest, shares seasoned venture capitalist Gideon Tolkowsky.
Soaps, Creams And Strips: Procter & Gamble’S Approach To Innovation, Knowledge@Smu
Soaps, Creams And Strips: Procter & Gamble’S Approach To Innovation, Knowledge@Smu
Knowledge@SMU
Innovate to give the customers what they desire -- it may sound like a simple and straightforward mantra for success in business, but many companies find themselves struggling to be gainfully innovative! Throw in ‘fickle-minded consumers’ and ‘a myriad of competitor offerings’ into the mix and the challenge magnifies glaringly. Yet, Procter and Gamble (P&G), a 172-year-old company, has somehow managed to get it right – and with more than 300 brands across 80 countries. Dr Shekhar Mitra, P&G’s Senior Vice-President of Research and Development, offers Singapore Management University an insider look into the innovation principles that guide one of …
Think Outside Your Box: Enhancing Creativity Through Multicultural Interactions, Knowledge@Smu
Think Outside Your Box: Enhancing Creativity Through Multicultural Interactions, Knowledge@Smu
Knowledge@SMU
Creative ideas are often the result of two or more seemingly non-overlapping concepts. The more we expose ourselves to diverse experiences, the more likely we might be to sample from a richer pool of ideas, thereby facilitating our creativity, and by extension for some, organisational innovation. This is because experience lowers our resistance and increases our readiness to sample foreign concepts. Angela Leung, an assistant professor of psychology at Singapore Management University, notes that while ideas from differing cultural experiences can be recruited as intellectual resources, several factors inhibit our ability to draw on these experiences, thus impeding our creative …
Microfinance In Asia: Not So Risky, Not So Micro, Knowledge@Smu
Microfinance In Asia: Not So Risky, Not So Micro, Knowledge@Smu
Knowledge@SMU
Microfinance is proving to be a successful way to help the rural poor and disadvantaged improve their economic conditions by running their own businesses. However, the current economic crisis has reduced funding available for this pool. But with a proven strong credit history and improvements in technology, microfinancing is now seen as more than just as a nice social obligation. In the words of Nhan Phan Cu, a speaker at a recent seminar on this issue, microfinance in Asia is less risky than investment banking. However, the economic outlook poses some challenges.
Me-Business Model: Building Value From Consumer Created Content, Knowledge@Smu
Me-Business Model: Building Value From Consumer Created Content, Knowledge@Smu
Knowledge@SMU
As more businesses move from Web 1.0 to Web 2.0 and Web 3.0, they can benefit immensely from the insights gained through consumer generated intelligence. The newest customer-centric technologies shaping the Internet, and how they create opportunities for new business models, formed the theme of a talk by Andreas Weigend, former Chief Scientist at Amazon.com, at the Singapore Management University recently.
Globality Is What Happens After Globalisation, Knowledge@Smu
Globality Is What Happens After Globalisation, Knowledge@Smu
Knowledge@SMU
Globality is what happens after globalisation, say authors Hal Sirkin, Jim Hemerling and Arindam Bhattacharya of Boston Consulting Group in their book, Globality -- Competing with Everyone from Everywhere for Everything, published last year. Incumbents, companies from developed economies, must face the challengers from emerging economies who are quickly shifting the balance.
Big-Time Small-Scale Innovations, Corline Van Es, Chris Sigaloff
Big-Time Small-Scale Innovations, Corline Van Es, Chris Sigaloff
Social Space
Is there value in supporting small-scale, yet innovative projects? Based on their experience in Digital Pioneers – a programme supporting innovative Dutch civil society initiatives – Corline Van Es and Chris Sigaloff of Kennisland, Netherlands, make a case for this latest sector trend and the support it deserves.
Entrepreneurial Competencies As An Entrepreneurial Distinctive: An Examination Of The Competency Approach In Defining Entrepreneurs, Xiang Li
Dissertations and Theses Collection (Open Access)
Entrepreneurship is of critical importance to the modern economy. Researchers have studied entrepreneurship for decades. In recent years, significant relationship between entrepreneurial competencies and firm performance has been reported in empirical studies. Applying the competency approach, researchers have assumed that entrepreneurial competency differentiates entrepreneurs from non-entrepreneurs without empirically examining if this is the case. The research conducted under this thesis addresses this gap. Drawing upon a thorough literature review regarding the components, antecedents and performance outcomes of the entrepreneurial competency, we propose the following hypothesis: the entrepreneurs generally possess higher level of entrepreneurial competencies than the non-entrepreneurs, and the entrepreneurs …
Entrepreneurs Are Serial Risktakers Not Gamblers, Says Phillip Phan, Knowledge@Smu
Entrepreneurs Are Serial Risktakers Not Gamblers, Says Phillip Phan, Knowledge@Smu
Knowledge@SMU
Entrepreneurs are not gamblers, believes Phillip Phan, management professor at Johns Hopkins University. He is also Tommie Goh visiting professor of entrepreneurship and business at the Lee Kong Chian School of Business, Singapore Management University (SMU). Phan delivered a lecture in Singapore recently about the essence of entrepreneurship, how to identify entrepreneurial opportunities, and the role of governments in supporting entrepreneurs.
Lighting Up Rural Indonesia Through Community-Owned Hydropower Projects, Knowledge@Smu
Lighting Up Rural Indonesia Through Community-Owned Hydropower Projects, Knowledge@Smu
Knowledge@SMU
More than 105 million people, just under half the total population of Indonesia, are without electricity even today. 2006 Ashoka Foundation Fellow Tri Mumpuni, executive director of Indonesian NGO IBEKA (People Centred Economic and Business Institute), spoke at a forum -- organised by the Lien Centre for Social Innovation of the Singapore Management University -- about how IBEKA is helping to develop sustainable community enterprises in the energy sector.
Is Family Business In Good Hands? How To Inspire The Next Generation Of Entrepreneurs, Knowledge@Smu
Is Family Business In Good Hands? How To Inspire The Next Generation Of Entrepreneurs, Knowledge@Smu
Knowledge@SMU
Why do some family businesses fail? Sanjay Goel, strategic management and entrepreneurship professor at the University of Minnesota Duluth, addressed some of the factors that support or inhibit the success of family businesses at a seminar on “Sustaining the Entrepreneurial Drive” organised recently by the UOB–SMU Alliance Centre of the Singapore Management University.
How To Stand Out In The Crowd? Innovate, Innovate, Innovate., Knowledge@Smu
How To Stand Out In The Crowd? Innovate, Innovate, Innovate., Knowledge@Smu
Knowledge@SMU
In the world of marketing and branding, sticking out like a sore thumb is not necessarily a bad thing, advises brand innovation specialist Chandran Dharmarajan, co-founder of I-morph, a marketing innovation consultancy based in Singapore. Dharmarajan, who worked for over a decade with Unilever in India and Thailand followed by a stint with Kraft Foods Asia Pacific, spoke at a recent seminar, “Transform Your Business By Being Remarkable”, organised by the UOB-SMU Entrepreneurship Alliance Centre of the Singapore Management University.
Lien Centre’S Social Space Turns The Spotlight On Social Enterprise And Innovation, Knowledge@Smu
Lien Centre’S Social Space Turns The Spotlight On Social Enterprise And Innovation, Knowledge@Smu
Knowledge@SMU
The Lien Centre of the Singapore Management University was set up in 2006 with support from the Lien Foundation to serve as a catalyst for social innovation and change in Singapore. The Centre will launch an inaugural volume, Social Space, in August 2008. Lien Centre Board Chairman, Willie Cheng, talked to Knowledge@SMU about the book, the overall aims of the centre, and his own thinking on social enterprise, innovation and entrepreneurship. Cheng was formerly country managing director for Accenture and is actively involved in the nonprofit sector in Singapore.
Entrepreneurship Education At Singapore Management University, Wee Liang Tan
Entrepreneurship Education At Singapore Management University, Wee Liang Tan
Research Collection Lee Kong Chian School Of Business
This presentation focuses on the Singapore Management University approach to teaching entrepreneurship through classes, the environment of the students, and basic infrastructure elements such as knowledge, information, and resources. It defines the term itself as the process of doing something different or new as well as creating wealth for oneself and adding value to society. In addition, the presentation mentions ideas such as University-wide versus Program Specific approaches and core versus electives.
Operation And Technology Roadmapping Gives Singapore Smes A Strategic Edge, Knowledge@Smu
Operation And Technology Roadmapping Gives Singapore Smes A Strategic Edge, Knowledge@Smu
Knowledge@SMU
In today’s increasingly globalised, knowledge-based marketplace, a company’s ability to exploit innovation and technology is fundamental to sustaining growth and staying ahead of the competition. To help local small and medium-sized enterprises (SMEs) move up the value-chain, Singapore’s Agency for Science, Technology and Research (A*STAR) runs the Operation and Technology Roadmapping (OTR) initiative. Michael Ferrill, who cofounded the programme, spoke on OTR and knowledge transfer at the Fourth International Research Conference on Asian Business held in March 2008 at the Singapore Management University.
Ych Chairman Robert Yap: Building The Logistics Superhighway One Step At A Time, Knowledge@Smu
Ych Chairman Robert Yap: Building The Logistics Superhighway One Step At A Time, Knowledge@Smu
Knowledge@SMU
Robert Yap, chairman and CEO of YCH Group, was the featured speaker earlier this year in the Singapore Management University’s Wee Kim Wee Centre CEO Talk series. Over a period of 20 years, Yap led his family-owned business from a small transportation company in Singapore to a leading logistics and supply chain solutions provider in Asia Pacific. In recognition of his visionary leadership and industry expertise, Yap won the Ernst & Young Entrepreneur of the Year Award 2007. He spoke to Knowledge@SMU about YCH’s successful evolution and how the future looks for the company.
How Smes Can Leverage Innovation To Become Global Players, Knowledge@Smu
How Smes Can Leverage Innovation To Become Global Players, Knowledge@Smu
Knowledge@SMU
Small and Medium Enterprises (SMEs) need to realise that being small is only an interim stage on the way to becoming larger enterprises. How SMEs can grow is to leverage on innovation opportunities to transition to the next stage, says Singapore Management University information systems professor Desai Arcot Narasimhalu, speaking recently on “Innovation -- The tracks that can transform SMEs into global players” at the UOB-SMU Entrepreneurship Alliance Centre.