A New Era for Global Business

Asia Society is the leading global organization working to .strengthen relationship and promote understanding among the people, leaders, and institutions of Asia and the U.S. Every year the Society presents a high-profile Corporate Conference in a selected city in Asia to examine the implications of macroeconomic trends and geopolitical developments for the region and the world. It provides a leading forum for executives to meet the policymakers and business leaders who shape the Asia Pacific business environment.     

A New Era for Global Business

Asia Society is the leading global organization working to strengthen relationship and pro- mote understanding among the people, leaders,and institutions of Asia and the U.S.Every year the Society presents a high-profile Corporate Conference in a     

Counting the Self-Employed Using Household and Business Sample Data

This study compares the number and attributes of self-employed workers using the 1982 and 1987 Characteristics of Business Owners (CBO) data and data from Annual Demographic Files (ADF) of the Current Population Survey (CPS) for the same reference years. Both sources of data have been widely used in empirical studies of entrepreneurship/self-employment. Substantial and inexplicable differences were found in the two data series' estimates of the number of self-employed men and women for both reference years. In terms of individual attributes, the CBO and CPS appear to report reasonably similar profiles of self-employed individuals in terms of marital status and geographic location, and similar systematic gender differences in the industrial distributions of these individuals. However, in terms of other attributes captured by both data series, including age, the two series exhibit notable dissimilarities.     

The Determinants of Latent Entrepreneurship in Japan

This paper examines regional characteristics affecting the latent entrepreneurship in Japan, focusing on regional macroeconomic indicators, existing density of establishments and human capital, and business start-up assistance programs by local governments. We define two types of people having the latent entrepreneurship as follows (1) persons merely wishing to be a self-employed worker, and (2) persons preparing to be a self-employed worker out of the former definition. Total cash earnings and the unemployment rate, which are the macro economic indicators, had positive effects on latent entrepreneurship in Japan. Judging from the significance of their estimations, the latent entrepreneurship is explained by the “Push hypothesis”. If we examine the problem more closely, it is necessary for us to identify government assistance programs which make the latent entrepreneurs more self-employment.     

Understanding Business Creation: Serendipity and Scope in Two Decades of Business Creation Studies

This is the acceptance speech by Paul D. Reynolds upon receiving the 2004 International Award for Entrepreneurship and Small Business Research. The award is sponsored by the Swedish Foundation for Small Business Research (FSF) and the Swedish Business Development Agency (NUTEK). In this speech Reynolds reflects on his contribution to entrepreneurship research.     

Empirical Analysis of Business Growth Factors Using Swedish Data

Empirical research conducted on the U.S., German, Australian, and Scottish economies has shown that age, size, location, legal form, and industry are related to business growth. Much of this research has focused on manufacturing firms, thus providing little information about the effect of industrial sector differences on these factors. We seek to both confirm that small independent firms demonstrate the greatest growth rates and to explore the effects of the industrial sector on this conclusion.
This article uses Swedish data to replicate previous research while using a different definition of business to enhance the study of effects from industry, international versus domestic businesses, and domestic versus foreign ownership. Results show that business age, beginning size, ownership form, industrial sector, and legal form are the most important factors related to growth. Although business growth differs among industrial sectors, youth, ownership independence, and small size are major factors that underlie growth across all industries.     

The Effect of Business Regulations on Nascent and Young Business Entrepreneurship

We examine the relationship, across 39 countries, between regulation and entrepreneurship using a new two-equation model. We find the minimum capital requirement required to start a business lowers entrepreneurship rates across countries, as do labour market regulations. However the administrative considerations of starting a business – such as the time, the cost, or the number of procedures required – are unrelated to the formation rate of either nascent or young businesses. Given the explicit link made by Djankov et al. [Djankov et al. 2002, ‹The Regulation of Entry’, Quarterly Journal of Economics 117(1), 1–37] between the speed and ease with which businesses may be established in a country and its economic performance – and the enthusiasm with which this link has been grasped by European Union policy makers – our findings imply this link needs reconsidering. Prepared for: Small Business Economics (2007), Special issue GEM conference 2005     

Relocating China's New Role in Global Business in Future

As we enter the 21st century,during the first decade in this fully internationalized new world, Chinese commerce has experienced conflict,compromise and cooperation with the existing economic order.     

风险投资与创业板市场

本分析一个较为全面的风险投资过程，并通过非正规模型指出IPO是风险投资退出的有效渠道，而相应的我国创业板市场对完善资本市场结构和优化资本资源配置意义重大。最后，从证券市场微观结构的角度对我国创业板市场的设立和运作提出了建议。     

Business Enterprises and Global Worlds

The role of business enterprise in integrating economies isone of the central historical themes of the last two centuries.Although globalization—both in its current iteration andin its nineteenth-century form—has been widely studied,the role of the firm, as opposed to macroeconomic forces, hasyet to receive sufficient attention. Many research questionsremain, including the role of the United States as a host country,the place of multinationals based in emerging markets, and theimportance of understudied sectors such as retailing. Businesshistorians should shift the focus of queries from "why" to "how"and go beyond the discipline's traditional organization alongnational lines to study the behavior of firms worldwide.     

The Reasons Behind Non-Ethical Behaviour in Business and Entrepreneurship

Despite the recent increase in interest in corporate social responsibility and the propagation of corporate governance in both business and academic literature, from observations of actual practice, the author has seen at all company levels, in everyday operations, instances of non-ethical behaviour vis-à-vis the whole gamut of stakeholders. This state of affairs is linked with: pressure from stakeholders, short-term tactics, hegemony of financial considerations, ‘juridisation’ of business, the tyranny of communications and the media and the difficulties in translating strategy into practical implementation. The paper scrutinises the motivation and the psychology of entrepreneurs and business people, and their behaviour is compared to other professional groups and confronted with the decline in ethics in society as described by some important observers. The conclusion drawn is that the recent positive evolutions do not provide sufficient ethical guidelines for the day-to-day activities of middle managers and entrepreneurs in the present competitive environment. Managers will always be confronted by difficult choices with ethical dilemmas. There will always be a tension between theory and pragmatism, but progress can be made with the effective implementation of the ethical discourse in companies. To achieve this, ethical management should not be confined to the large strategic issues but also applied to the small practical matters of everyday business life. Ethics in business and entrepreneurship requires more than corporate governance and corporate social responsibility (CSR).     

Business and Information Systems Engineering Links Science with Entrepreneurship

One of the major success indicators for applied research sciences is the rate of transfer from research into practice. Only if concrete and economically successful products are derived from research results, such sciences can induce an impact. However, this process of innovation mandatorily needs entrepreneurship. Within the domain of business information systems, the two German enterprises SAP AG and IDS Scheer AG demonstrate that linking research and innovation is the key to lasting success on the information technology markets. German industry has significant disadvantages concerning the cost of human resources. Therefore it can be only successful with products that incorporate a high degree of innovation and that are consequently highly priced. But the invention of such products needs scientific research as a source of inspiration. Germany has a highly developed infrastructure of research facilities and organizations. However, they need to be better coordinated and aligned with business needs. Vice versa, enterprises need to actively approach the scientific community in order to clearly formulate their demand. Such a strategy requires changes on all sides. To achieve a change in the domain of science, it is necessary to change the profile of leading researchers, such as full professors. They should incorporate attributes of an entrepreneur and be profiled more as a research manager who tries to anticipate future needs and to develop their unit in terms of research subjects as well as personnel and financial resources. Consequently, the process of application, selection and review of leading researchers should be more oriented on processes that are common in enterprises. E. g. external head-hunters can be involved in the searching and assessing process in order to obtain the best qualified person for the research vacancy. Also enterprises need to change their attitude towards scientific research. In order to foster this process, executives could be invited to advisory and supervisory boards of research organisations. Furthermore, these executives must be proactively informed about the research activities and results in order to attract their interest and to show potentials for a transfer into products. There is still a long way to go in the hunt for innovation leadership and all these suggestions can only be a starting point. Accepted after one revision by Prof. Dr. Buhl. This article is also available in German in print and via : Scheer AW (2008) Wirtschaftsinformatik zwischen Wissenschaft und Unternehmertum. WIRTSCHAFTSINFORMATIK. doi     

Servitization of Global Manufacturing Business

This study examines important but understudied issues in the servitization of global manufacturing firms. We begin with a review of the literature that suggests that global manufacturing firms can grow by integrating services into traditional products in a rapidly changing business environment. We fill a gap in the literature by considering exogenous (i.e., country-level and industry-level) and endogenous (i.e., firm-level) antecedents of servitization. We posit that home-country institutional development has a positive effect on global manufacturing firms’ servitization. We also posit that a high level of industry competition is favorably associated with servitization and that a firm’s technological capability and geographic diversification are related to servitization. To test these arguments, we made a comprehensive data set by using the Thomson Reuters database, which provides the financial information of 301 global manufacturing firms in the 2015 Forbes Global 1,000, and by using annual reports published on the websites of the firms.

     

Customer Experience Creation: Determinants, Dynamics and Management Strategies

Retailers, such as Starbucks and Victoria's Secret, aim to provide customers a great experience across channels. In this paper we provide an overview of the existing literature on customer experience and expand on it to examine the creation of a customer experience from a holistic perspective. We propose a conceptual model, in which we discuss the determinants of customer experience. We explicitly take a dynamic view, in which we argue that prior customer experiences will influence future customer experiences. We discuss the importance of the social environment, self-service technologies and the store brand. Customer experience management is also approached from a strategic perspective by focusing on issues such as how and to what extent an experience-based business can create growth. In each of these areas, we identify and discuss important issues worthy of further research.     

营商环境对企业家精神的影响研究

我国经济的快速发展可以堪称世界经济发展奇迹,企业家是推动这场经济变革的主力军,企业家精神则是推动是经济发展的动力源泉。随着中国由经济高速发展转向高质量发展,经济增长模式转向创新型驱动增长,要求有效激发全社会的企业家精神。企业家精神不仅内生于企业家个人所具有的特质,还受到营商环境的影响,通过营造良好的营商环境,激发市场主体活力,培育企业家精神,使企业家精神在促进经济增长中发挥更大的作用。