Performance Implications of Online Entry Timing by Store-Based Retailers: A Longitudinal Investigation

This paper utilizes Time Series Cross-Sectional (TSCS) Regression techniques to investigate long-term performance effects of the timing of online sales adoption by incumbent bricks-and-mortar retailers. Its findings support the resource-based theory of competitive advantage by showing that firm-specific resource endowments (bricks-and-mortar experience, catalog experience and firm size) determine the success of the order of online entry strategy. The study contributes to the development of strategic theory in the areas of multi-channel retailing and electronic commerce and assists managers in formulating more informed strategic objectives for achieving multi-channel competitive advantage.     

Entrepreneurial opportunities and the entrepreneurship nexus: A re-conceptualization

The literature on “entrepreneurial opportunities” has grown rapidly since the publication of Shane and Venkataraman (2000). By directing attention to the earliest stages of development of new economic activities and organizations, this marks sound redirection of entrepreneurship research. However, our review shows that theoretical and empirical progress has been limited on important aspects of the role of “opportunities” and their interaction with actors, i.e., the “nexus”. We argue that this is rooted in inherent and inescapable problems with the “opportunity” construct itself, when applied in the context of a prospective, micro-level (i.e., individual[s], venture, or individual–venture dyad) view of entrepreneurial processes. We therefore suggest a fundamental re-conceptualization using the constructs External Enablers, New Venture Ideas, and Opportunity Confidence to capture the many important ideas commonly discussed under the “opportunity” label. This re-conceptualization makes important distinctions where prior conceptions have been blurred: between explananda and explanantia; between actor and the entity acted upon; between external conditions and subjective perceptions, and between the contents and the favorability of the entity acted upon. These distinctions facilitate theoretical precision and can guide empirical investigation towards more fruitful designs.     

创业型经济背景下的创业营销:研究述评与未来研究展望

自德鲁克提出创业型经济以来,创业逐渐形成一股热潮并受到各国高度重视.中国改革开放以来的巨大变化,说明了创业在经济发展中的重要作用.由于传统的市场营销出现了中年危机,而创业营销在组织层面较少官僚化,在动态环境中具有更好的适应性,因此能够成为竞争优势的源泉.文章回顾了创业营销研究的历程,介绍了创业营销概念的界定、内涵、维度和创业营销所经历的过程,并对国外学者已经取得的成果加以评述,最后指出现有研究的不足和未来研究的展望.     

The Role of Prior Entrepreneurial Exposure in the Entrepreneurial Process: A Review and Future Research Implications

Despite considerable research, the current state regarding how and in which context prior entrepreneurial exposure impacts the entrepreneurial process is unclear. The present paper's goal is to systemize and discuss extant quantitative‐empirical research on the role of prior entrepreneurial exposure in the entrepreneurial process to clarify the current state, identify research gaps, and offer future research directions. Results from the systematic literature review of 69 quantitative‐empirical journal articles suggest that prior findings are ambiguous and theoretical shortcomings exist. We contribute to the literature by clarifying the current state and by offering directions for entrepreneurship research and practitioners promoting entrepreneurial activity.     

Shaping the Entrepreneurial Mindset: Entrepreneurial Intentions of Business Students in Croatia

Business students from a public university in Croatia participated in an international study on entrepreneurial self‐efficacy, identity, and education. The results of this preliminary empirical research indicate that the main predictors of the entrepreneurial intentions in Croatia are strength of entrepreneurial identity aspiration and entrepreneurial self‐efficacy. These two main constructs mediate the number of personal, situational, or contextual factors, including education. Empirical analysis supports the majority of Social Cognitive Career Theory hypothesized interaction between control variables and main constructs such as self‐efficacy, positive outcome expectations, and entrepreneurial identity. These findings thus fill the gap in the empirical evidence of the theoretical framework validity derived from different contexts.     

从创业导向到跨国创业导向:一个文献综述

中国企业的国际化战略,已逐渐聚焦于"在全球范围创造新的价值",其实质正是一种跨国创业行为,传统的围绕动机、阶段、模式展开的国际化理论已不足以解释及指导中国企业的国际化实践。本文从"创业导向的定义和维度"、创业导向维度和组织绩效的测度方法,创业导向与组织绩效的关系、"跨国创业导向"等四方面对国内外相关研究进行了综述。并指出现有跨国创业导向研究存在"套用封闭环境下的创业导向研究框架"、"未区分不同规模、不同发展阶段国际化企业的跨国创业导向差异"、"对时滞因素和前因变量等缺乏关注"等不足之处。     

Entrepreneurial ecosystems in Bulgaria and Romania: A comparative analysis

This comparative analysis examines the neighboring entrepreneurial ecosystems in Bulgaria and Romania. In transitioning from past planned economies, these countries maintain similar approaches to entrepreneurship, yet they also exhibit distinct differences. Secondary data analysis revealed that both countries maintain a highly educated workforce with high start‐up skills and similar levels of global competitiveness in growing economies, while still facing low‐risk acceptance and low opportunity perception. On the other hand, Bulgaria excels in networking, building joint venture deals, attracting investment, maintaining a stronger focus on R&D, and the ability to nurture collaboration between industries and universities, while Romania displays stronger political stability, greater ease in starting a business, a more advanced infrastructure, and easier access to credit. As these countries capture the strengths of their respective economies, both Bulgaria and Romania may one day represent powerful hubs of innovation. Organizational leaders may use this study as a comparative springboard to learn new, yet workable policies that may support entrepreneurship within their respective ecosystems.     

Social Interaction: A Determinant of Entrepreneurial Team Venture Success

An important issue to explain the success of new ventures is mostly ignored by the research of entrepreneurship: the social interaction within entrepreneurial teams. The purpose of this paper is to introduce the concept of social interaction, which was originally developed for innovation teams in the field of entrepreneurship research and theory.The theoretical discussion proves if an adoption of the social interaction to the field of entrepreneurship is theoretically possible. Using the data of 159 German entrepreneurial teams, the effects of social interaction on new business success are empirically proven. The introduced measurement model, which consists of six dimensions, shows a high quality in the empirical test. The quality of the social interaction within entrepreneurial teams is crucial for the new venture success. An empirical comparison with the frequently used team conflicts confirm that the measurement of conflicts is not a sufficient substitute measurement for social interaction. Overall, the social interaction in entrepreneurial teams could be seen as an important but not only factor of business success.     

A Model of Social Entrepreneurial Discovery

Social entrepreneurship activity continues to surge tremendously in market and economic systems around the world. Yet, social entrepreneurship theory and understanding lag far behind its practice. For instance, the nature of the entrepreneurial discovery phenomenon, a critical area of inquiry in general entrepreneurship theory, receives no attention in the specific context of social entrepreneurship. To address the gap, we conceptualize social entrepreneurial discovery based on an extension of corporate social responsibility into social entrepreneurship contexts. We develop a model that emphasizes mobilization and timing as underpinnings of social entrepreneurial discovery and offer distinct conceptual aspects and theoretic propositions instrumental to future social entrepreneurship research.     

Entrepreneurial characteristics in Switzerland and the UK: A comparative study of techno-entrepreneurs

The entrepreneur is the central actor in generating entrepreneurial activity. Thus, it is important to understand the motivational characteristics and variables associated with entrepreneurial behavior spurring people to become entrepreneurs. For this study, a comparative analysis of high-tech entrepreneurs in Switzerland and the UK was undertaken to determine the extent to which they differ in terms of entrepreneurial characteristics. A total of 253 useful questionnaires from entrepreneurs in both countries enabled us to distinguish differences between these two groups. Findings reveal that some entrepreneurial characteristics such as autonomy, propensity for risk, and locus of control are higher among UK techno-entrepreneurs while other characteristics such as achievement need, tolerance for ambiguity, innovativeness, and confidence are higher among Swiss techno-entrepreneurs.     

Crossing Cultural Boundaries: A Multicultural Kindergarten in Hong Kong

Confronted with the rise of a new group within its organization, Small World, an international Christian kindergarten in Hong Kong, is being forced to reconsider its boundaries. The trend towards more applications to international schools by Hong Kong Chinese, adds an extra dimension to the already extensive cultural diversity among the kindergarten's staff, students and their parents. Describing the appreciation for cultural diversity amongst staff and parents, the strategies that are used to maintain harmony and the motives that (Hong Kong Chinese) parents have for participation in the school, it is argued that only one effect of globalization on the macro level can be identified on the micro and meso level, namely indigenization. The article shows how parents, staff and the organization all try to adopt attractive or useful elements of foreign cultures without giving up their own culture, and subsequently foster multiculturalism in an attempt to reach their goals, these being the cultural competence of their children for Hong Kong Chinese parents and success for the organization. The resulting demand for the incorporation of extra foreign elements in the curriculum is forcing Small World to reconsider its boundaries.     

Entrepreneurial Signaling via Education: A Success Factor in Innovative Start-Ups

Unlike traditional start-ups, innovative start-ups and their respective market partners are faced with severe problems of asymmetric information due to their lack of prior production history and reputation. Here, we study whether and how entrepreneurial signaling via education can help innovative entrepreneurs signal their abilities to banks and prospective employees. We argue that innovative entrepreneurs signal their quality by means of certain characteristics of their educational history. In particular, we expect potential employees to use an entrepreneur’s university degree as a quality signal when deciding whether to accept a job at an innovative start-up, and we expect banks to use a more precise indicator, namely the actual length of study in relation to a standard length, as a signal when deciding to extend credit to an innovative founder. By contrast, traditional start-ups are not faced with the same problems of asymmetric information, so we do not expect employees or banks to require the same signals from them. We empirically test our hypotheses using a dataset of more than 700 German start-ups collected in 1998/99. All hypotheses are borne out by the data.     

Entrepreneurial network development: Trusting in the process

An entrepreneur's network can provide a significant source of social capital, which, in turn, may increase a new venture's likelihood of success. Entrepreneurship research has frequently examined how such networks develop, and reviewing extant studies suggests that trust plays a significant role in this process. Despite its recognized importance, limited research exists examining how trust evolves during and interacts with the entrepreneur's venture network development. Accordingly, we propose that an entrepreneur's reliance on exchange relationships based on affective and cognitive trust will vary as the entrepreneur moves through the network development process. We conclude by discussing both the model's implications and future research avenues.     

团队创业绩效之研究述评

新创企业对一国经济发展和财富增加有积极的作用,众多研究证据也表明,创业团队在企业创立与发展过程中扮演着非常重要的角色。在他人研究成果的基础上,本文试图对创业团队的形成、团队创业绩效及其影响因素进行综述与探讨。     

Consumption-Leisure Preference Structure: A New Explanation of the Evans-Jovanovic Results for Entrepreneurial Choice

This paper extends Evans and Jovanovic’s (1989) (EJ) model to explicitly consider the latent entrepreneur’s consumption-leisure preference structure, and shows that an increase in his or her assets encourages entrepreneurial activity. This result indicates that EJ’s finding may hold without the assumption of liquidity constraints.     

Consumption-Leisure Preference Structure: A New Explanation of the Evans-Jovanovic Results for Entrepreneurial Choice

This paper extends Evans and Jovanovics (1989) (EJ) model to explicitly consider the latent entrepreneurs consumption-leisure preference structure, and shows that an increase in his or her assets encourages entrepreneurial activity. This result indicates that EJs finding may hold without the assumption of liquidity constraints.     

Entrepreneurial profitability and persistence: Chile versus the U.S.A.

This article empirically evaluates the main determinants of business performance, focusing on the emergence and sustainability of profits for an emerging economy such as Chile. Furthermore, the paper compares the results obtained with Chilean data to those for the U.S.A. This comparison is interesting because of the recent emergence of some literature that relates geographic location to performance. The results show that the industry effect is more important in Chile than in the U.S.A., that the persistence of rents in Chile is explained more evenly for reasons associated to business-, industry- and corporate-specific effects, and that the path to lower rents is more difficult to revert in Chile than in the U.S.A.