Entrepreneurial and Small Business Operations Commons^™

From The Editors, Herbert Sherman, Joshua Shuart, Laurence Weinstein

New England Journal of Entrepreneurship

No abstract provided.

Fostering Entrepreneurship: Developing A Risk-Taking Culture In Singapore, Balbir B. Bhasin

New England Journal of Entrepreneurship

About 10 years ago the Singapore Government realized that entrepreneurial spirit was lacking in its general population. These conclusions were confirmed by an empirical survey, the Global Entrepreneurship Monitor (GEM), an annual assessment of the national level of entrepreneurial activity. The paternalistic and authoritative approach of the government contributed to the general population’s averseness to participating in risk-oriented ventures.

Removing impediments to entrepreneurship is a key challenge for the government and the business sector if the island republic is to maintain its national competitiveness. This article explores the various initiatives taken by the government to stimulate risk-taking and attempts to …

The Tale Of Iranian Entrepreneurs In The United States, Keramat Poorsoltan

New England Journal of Entrepreneurship

In practice and in theory, as the findings of this research reveal, the Iranian business community is a new and different, nonconforming immigrant group in the United States. This study explores certain aspects of the Iranian business community in light of a survey done by the author.The article compares and contrasts findings of the survey with those of existing literature that has been written about the business communities of various ethnic groups. The results of this study disagree with the literature in most areas. One difference is that the Iranian business community in the United States does not fit into …

New England Journal Of Entrepreneurship, Fall 2007

New England Journal of Entrepreneurship

No abstract provided.

The Entrepreneurial Director, Bruce Sherony

New England Journal of Entrepreneurship

The argument that the board of directors can be a helpful tool for entrepreneurships and small businesses derives from the rationale for using boards from both a macro and a micro perspective. Society depends on boards to provide overall checks and balances in the running of businesses. This could not be more evident from the role of the board in Enron’s collapse (U.S. Senate 2002). The board’s value to the entrepreneur is found in the application of the micro perspective. Two sets of recommendations are developed to formulate an improved model of directorship actions and behaviors. First, duties and responsibilities …

Entrepreneurial Selection And Use Of Legal Counsel, Stephen J. Schanz

New England Journal of Entrepreneurship

Entrepreneurs starting new ventures will encounter a host of legal issues requiring consultation with an attorney on an episodic or ongoing basis. It is critical that careful attention be given to the attorney selection process to properly match the needs of the company with the credentials of the attorney. Additionally, options should be explored regarding the billing and payment methodologies the attorney is willing to entertain. The financial resources and cash flow of young companies will likely have a direct impact on the financial agreements entered into with legal counsel. Further, companies desirous of offering the attorney a stake in …

What's In A Name? For Apple, A Focus On The Digital Living Room, Knowledge@Smu

Knowledge@SMU

Apple's name change from Apple Computer to Apple on January 9 highlights the company's new reality: CEO Steve Jobs' strategy today revolves around converged consumer devices much more than around personal computers. How successful will this new strategy be in the face of competition from Microsoft, Sony, Motorola, Samsung, Nokia and others who are looking to dominate the digital convergence domain?

Opportunity Missed: A Brief Look At Entrepreneurship In The U.S. And China, Knowledge@Smu

Knowledge@SMU

The promise or threat of China’s economy has fired the American imagination ever since the first Yankee clipper ship captains voyaged there in the 1780s. Whether perceived as a limitless market for American goods or as an intimidating rival, China is indeed a force to be reckoned with. At first glance, Reed Hundt’s In China’s Shadow is another in a recent spate of books probing the nature of China’s startling rise over the last 30 years. Yet Hundt, former chairman of the FCC during the presidency of Bill Clinton, has written a book whose subtitle is more indicative of his …

Keystones Of Entrepreneurship Knowledge, James Bronson

New England Journal of Entrepreneurship

Book review by James W. Bronson.

Rob van der Horst, Sandra King-Kauanui, and Susan Duffy, ed., Keystones of Entrepreneurship Knowledge, Malden, MA: Blackwell Publishing, 2005. ISBN 9781405139212

Helping Small Business Succeed, Minnesota State University, Mankato

Business/Economics

Bibliography and photographs of a display of government documents from Minnesota State University, Mankato.

From The Editors, Herbert Sherman, Joshua Shuart, Laurence Weinstein

New England Journal of Entrepreneurship

No abstract provided.

Passport To Trade: Connecting Europe’S Smes From East To West?, Amanda Ratcliffe, Thomas Cooney

Conference proceedings

: An EFER report in 1995observed that little of the growth of Europe’s top 500 companies came from existing products in existing markets, but almost two-thirds of the growth came from entering new markets [1]. A large majority of Europe’s 500 are active in export markets, with exports accounting for 40% of their turnover as opposed to the 10% export share for SMEs overall. One of the critical reasons for the poor performance of SMEs within the international arena is their ignorance of local business cultures. This paper is based upon the work of an EU initiative with the project …

New England Journal Of Entrepreneurship, Spring 2007

New England Journal of Entrepreneurship

No abstract provided.

Exploring The Effects Of Corporate Venturing On New Business Creation, Salvatore Sciascia, Fernando G. Alberti, Riccardo De Vita, Alberto Poli

New England Journal of Entrepreneurship

One of the main problems of large firms is that they tend to lose their entrepreneurial orientation (EO) once they have grown. The launch of corporate ventures (CV) has been adopted by managers, and studied by scholars, as the means to create new businesses within large companies with a low level of EO. Extensive research on CV has been carried out to understand how these projects can effectively lead to new business creation. However, there are no studies on the effect of CV projects on new business creation after the project has ended. More specifically, scholars have overlooked the prospect …

Owens Sawmill: A Family Business Facing A Social Responsibility Dilemma, Dianne H. Welsh, David Rawlings

New England Journal of Entrepreneurship

This is a real case involving an SME that produces southern hardwood finished lumber. The family business faces a social responsibility dilemma in terms of displaced workers and limited job opportunities in the surrounding labor market if they purchase a new saw that would modernize production, improve profitability, and eliminate 50 percent of their labor costs. The most logical employment for these workers would be a cutter, loader, or hauler of logs, which have been determined to be some of the most dangerous jobs in the United States. This case requires students to examine the decision-making process of a modest …

Principles Before Profits: An Interview With S. Truett Cathy, S. Truett Cathy, Miles K. Davis, Leyland M. Lucas

New England Journal of Entrepreneurship

Interview of S. Truett Cathy with Miles K. Davis and Leyland M. Lucas.

Since 1946, S. Truett Cathy, founder and chairman of Chick-fil-A Inc., has run his enterprises based on his understanding of Christian principles. In the following interview, S.Truett offers his perspective on why focusing on principles is more important than focusing on profits and what he thinks it takes to succeed in business and in life.

Annotated Bibliography On Women Business Owners: A Diversity Lens, Bonita L. Betters-Reed, Lynda L. Moore

New England Journal of Entrepreneurship

When we take the lens of race, ethnicity, gender, and class to the collected academic work on women business owners, what does it reveal? What do we really know? Are there differing definitions of success across segments of the women businessowner demographics? Do the challenges faced by African American women entrepreneurs differ from those confronting white female entrepreneurs? Do immigrant female women businessowners face more significant institutional barriers than their counterparts who have been U.S. citizens for at least two generations? Are there similar reasons for starting their businesses?

Exploring The Role Of Industry Structure In New Venture Internationalization, Stephanie A. Fernhaber, Patricia P. Mcdougall, Benjamin M. Oviart

Scholarship and Professional Work - Business

While we have gained considerable knowledge since the late 1980s regarding the phenomena of international new ventures, less is known about the influence of industry structure on these ventures. In the present paper, we draw on literature from industrial economics, international business and entrepreneurship to identify industry structure variables that fit within the theoretical framework of international new ventures. We then offer propositions as to how the identified industry structure variables individually and jointly influence the likelihood of new venture internationalization.

An Anthology Of Enterprise Policy In Ireland, William Gorman, Thomas Cooney

Articles

Ruane and Gorg (1996: 37) remarked that 'any careful comparison of the Irish economy with other economies in the European Union immediately focuses on two key features of Ireland's pattern of industrial development: the enormous significance of foreign direct investment (FDI) and the very high export ratios in the Irish manufacturing sector among foreign-owned companies. These two features have not developed by accident, but are directly related to the industrial strategy which Ireland has pursued over the past forty years, namely, of promoting export-led growth in Irish manufacturing through various incentives and of encouraging foreign companies to establish manufacturing plants …

The Puzzle Of Insular Domains: A Longitudinal Study Of Knowledge Structuration And Innovation In Biotechnology Firms, Gerald George, Reddi Kotha, Yanfeng Zheng

Research Collection Lee Kong Chian School Of Business

In this study we explain the puzzle of insular domains: insular domains are niches where new innovation is built on the knowledge within the domain. Given the nature of knowledge needed for new innovation in an insular domain the puzzle is why do new firms enter these niches? In a longitudinal sample of 128 biotechnology start-ups founded from 1980 to 1999 we explain why start-ups enter insular domains and how the start-ups develop technology capabilities.

Managing Change In Asian Business: A Comparison Between Chinese Educated And English Educated Chinese Entrepreneurs In Singapore, Thomas Menkhoff, Ulrike Badibanga, Yue Wah Chay

Research Collection Lee Kong Chian School Of Business

Against the background of the current rapidly changing business environment, the article examines the organizational change management behaviour of the owner-managers of small and medium sized enterprises (SMEs) in Singapore. The analysis of survey data is aimed at ascertaining whether there are any differences between Chinese and English educated small (ethnic Chinese) businessmen in terms of Change Management (CM), a dichotomy that is of great historical and politico-cultural significance in Singapore. The survey data show that there are indeed differences between the subgroups (eg with regard to the initiation of a more participatory people management style) but these variations turned …

Small Business Owners: Too Busy To Train?, Elizabeth Walker, Janice Redmond, Beverley Webster, Megan Le Clus

Research outputs pre 2011

Purpose – The reason often cited for the poor relationship between small businesses and their uptake of vocational education and training is that small business owner-managers claim that they are too busy to engage in training or any type of learning activity and that most training is of little value to them. The aim of the research is to examine the relationship between these factors.

Design/methodology/approach – Using qualitative research methods the study collected data of the knowledge, attitudes and needs of small business owner-managers, both before and after participation in a training program.

Findings – This study has indicated …

The Evolution Of The Disclosure Regime In Singapore, Wee Liang Tan

Research Collection Lee Kong Chian School Of Business

No abstract provided.

Towards A Conceptual Framework Of Corporate Branding In Retailing, Edmund O'Callaghan

Conference proceedings

The view that corporate brand building in retailing is different to any other context (Burt and Sparks, 2002) is predicated in the belief that ‘goods’ retailers need to manage a range of corporate components, its multiple relationships with customers and its dependence on employees to personify and deliver much of the corporate identity. These differences in operations are perceived as adding a degree of complexity to an already challenging process of corporate brand development. This paper proposes a conceptual framework for the corporate brand building process within an SME retail context. It develops on the work of Hatch & Schultz’s …

Does Understanding National Business Cultures Help Build Regional Development?, Amanda Ratcliffe, Thomas Cooney Dr.

Conference proceedings

An EFER report in 1995 observed that little of the growth ofEurope’s top 500 companies came from existing products in existing markets, but almost two-thirds of the growth came from entering new markets. A large majority of Europe’s 500 are active in export markets, with exports accounting for 40% of their turnover as opposed to the 10% export share for SMEs overall. One of the critical reasons for the poor performance of SMEs within the international arena is their ignorance of local business cultures. Yet for a country – or a specific region – to achieve strong economic growth, it …

Informed Retail Location Decisions: A Critical Concern For Irish Smes, Edmund O'Callaghan

Articles

No abstract provided.

A Soft Landing, Steady Growth, And Accelerating Farm Income, John Austin, Chris Decker, Tom Doering, Ernie Gross, Nick Hernandez, Bruce Johnson, Ken Lemke, Frank Schwarz, Scott Strain, Eric Thompson, Keith Turner

Business in Nebraska

After years of accelerating growth, the U.S. economy achieved a soft landing in 2006. The rate of economic growth remained positive but slowed sufficiently to reduce inflation pressures and the need for further interest rate increases. At the same time the economy remained strong enough to continue the current expansion which has been in place since late 2001. Such a soft landing is vital because it should allow the economy to continue to expand for years to come, but with moderate inflation.

The housing sector played an important role in the U.S. economy’s recent slowdown. Housing prices and con-struction activity …

Preliminary Economic Impact Analysis For The Lincoln Arena Task Force, Eric Thompson

Bureau of Business Research Publications

The entertainment industry is part of the growing service sector in the state and national economy. The industry both creates employment opportunities and contributes to the quality of life within communities. To fully grow the entertainment industry, however, a city requires appropriate venues to host entertainment events. In the City of Lincoln, Nebraska, there has been a recent proposal to develop a new arena facility for this growing City. The following report addresses some of the economic consequences of developing a new arena in Lincoln. In particular, the report estimates the potential economic impact of the proposed project, that is, …

The Effect Of A Smoke-Free Ordinance On Eating And Drinking Places In Lincoln, Nebraska, Mary Mcgarvey, Eric Thompson, Bree Dority, Jyothsna Sainath

Bureau of Business Research Publications

The Lincoln Smoking Regulation Act which prohibited smoking in most public places and places of employment in Lincoln, Nebraska including restaurants and bars was implemented in January 2005. This report examines the impact of the ordinance on the following measures of business activity in Lincoln:

• Sales revenue of eating and drinking places

• Employment of eating and drinking places

• Gross revenues from keno.

We examine the impact of the ordinance during the year 2005, the first year that the ordinance was in effect. While restaurant and bar activity in Lincoln rose during 2005 by some measures, we focus …

Netcore Ceo Rajesh Jain: 'In India, The Future Of The Internet Will Be Built Around The Mobile Phone', Knowledge@Smu

Knowledge@SMU

Seven years ago, Rajesh Jain ignited a dot-com storm in India when his portal, IndiaWorld, was sold to Sify, an Internet service provider, for $115 million. Today, he is CEO of Netcore, a Linux-based messaging software firm, and also maintains an active blog, emergic.org. Jain met with Knowledge@Wharton at his offices in Mumbai to discuss how mobile phones could hold the key to the Internet's evolution in India and other emerging economies.