A role for startups in unleashing the disruptive power of social media

As social media attract increasing attention from executives and find varied applications in different industries, research on the subject has been investigating the antecedents, moderators, mediators and outcomes of social media adoption, as well as impacts on the organizational and individual level. However, relatively little attention has been paid to the discussion of the new sources of social media innovation-i.e., the upstream originators of social media solutions. Such innovations of a possibly disruptive nature often originate from startups, which can constitute a significant driver for social media development and can influence the adopting incumbents' behaviors. This study aims at shedding first light on social media-based solutions developed and delivered by startups. By surveying the Crunchbase database, we identified 724 funded social media startups, which were further classified into six categories, namely: (i) social network; (ii) social commerce; (iii) social recruitment; (iv) social management; (v) social loyalty and advocacy; (vi) contact management. Our findings show how the large majority of startups deliver social network solutions to incumbents, followed by social media management applications. The findings also shed light on emerging approaches to value generation and open innovation from social media related to and driven by startups

Unleashing Africa's Entrepreneurs: Improving the Enabling Environment for Start-Ups

The research and policy arm of the Tony Elumelu Foundation, the Africapitalism Institute, released a groundbreaking study on Africa's entrepreneurial ecosystem at the sixth Global Entrepreneurship Summit in Kenya where President Obama gave the keynote address.The 86-page report, titled Unleashing Africa's Entrepreneurs, based on original research leveraging the Foundation's pan-African network of early stage African businesses, identifies and analyses the factors inhibiting the potential of entrepreneurs across Africa.Key findings from the report include:87 percent of respondents indicated that obtaining the necessary seed capital was their primary challenge. Only 3 percent of those surveyed had a commercial bank loan, while 69 percent used personal savings to finance their business.53 percent of entrepreneurs indicated that it was "not at all easy" to obtain the necessary machinery, equipment, technology or raw material needed to operate, citing the high cost of land and office space as the primary cost concern. The second most costly operating expense is electric power.63 percent of respondents said that government needs to "improve the general quality of infrastructure" as a key to reducing overall costs which are hurting their competitiveness.82 percent of entrepreneurs said that access to a business start-up accelerator or resource center was "very important" to their business, while 66 percent indicated that they are currently part of a business incubator or accelerator

EMPOWERING CROSS-BORDER WOMEN ENTREPRENEURS VIA MOBILE ICT: FRAMEWORK FOR MALAYSIAN AND INDONESIAN WOMEN-LED MSMES

Women’s share in the business sector in Malaysia and Indonesia lags behind their male counterpart. However, Information and Communication Technology (ICT) could serve as a game changer to empower women startup and entrepreneurs. The acceptance and usage of Mobile ICT in business operations could empower more women-led Micro, Small and Medium Enterprises (MSMEs) to grow and fulfill customer needs and wants. However, there is a lack of established models to measure mobile ICT’s role in women MSMEs in these developing countries. Through the review of policy papers and relevant literatures, this study presents a framework to assess the adoption of Mobile ICT in women-led MSMEs factoring cross-border networking. Building upon Social Network Theory and Technology Acceptance Model, this study presents a framework and discusses recommendations for further action to empower women-led MSMEs in both countries by leveraging on cross-border networking capabilities between Indonesian and Malaysian women-led MSMEs. This study highlights the strength of international and cross-border networking among women startup and entrepreneurs where mentoring could happen to empower women startups and entrepreneurs.   Keywords: Mobile ICT usage, women empowerment, MSMEs development, workforce digitization, cross-border entrepreneurship, social network theory, startups.   Cite as: Tanti, D. S., Nathan, R. J., Sulistyo, P. B., Soekmawati, Hanim, F., & Sarjuni, V. (2021). Empowering cross-border women entrepreneurs via mobile ICT: Framework for Malaysian and Indonesian women-led MSMEs.  Journal of Nusantara Studies, 6(2), 340-357. http://dx.doi.org/10.24200/jonus.vol6iss2pp340-35

Energy Storage Roadmap for Northeast Ohio 2019: Full Report

The 2019 Energy Storage Roadmap examines the trends that are driving growth in energy storage for the electric power grid, transportation, and consumer electronics applications. The report also highlights the commercial and structural assets that Northeast Ohio currently possesses that could enable it to capture an increasing share of what is projected to be a $100 billion market by 2025. While disruptive market forces are causing the ground to shift for the advanced energy industry, this shift will present opportunities for Northeast Ohio to capitalize on innovative technologies being developed regionally that would enable the realization of appreciably greater economic growth. The 2019 Roadmap provides a background on Energy Storage technologies and the role the region currently plays in their development. The Roadmap also provides a vision for how existing local assets can be leveraged in conjunction with funding opportunities for technology innovation to capture a larger share of this high-growth market. The goal of the 2019 Roadmap is to propose how assets and strategies can together be deployed to establish the region as an energy storage activity hub

PROGRAM PENGEMBANGAN KEWIRAUSAHAAN BERBASIS TEKNOLOGI DI IIB DARMAJAYA LAMPUNG

Technology-based startups, or tech startups, are growing exponentially, bringing various kinds of business models to market and becoming key industry players. In Indonesia, over 1,500 tech startups have emerged, with some of them able to make their mark and gain a strong customer base only in a few years. IIB Darmajaya, with its entrepreneurial vision “Be Bold, Be Vibrant and Be Technopreneurship”, has been relentlessly working hard to help its students transition into tech businesses. However, the success rate has not been quite impressive due to their lack of experience in business management, meager access to capital and market, and minimum guidance and mentoring from business incubators. Our current program will implement Darmajaya’s Six Success Stages of Technopreneurship Incubation in order to select twenty candidates for technology-based entrepreneurship as well as five tenants, who will be directed in managing their business. The entire activities will be run under cooperation with multiple parties, including the university’s entrepreneurship lecturers and student affairs department, the Department of Industry and Commerce, and the existing cooperatives and microbusinesses. This partnership is expected to increase tenants’ survivability and refine their exit strategies, so that they are able to build strong and durable businesses

Unleashing Innovation and Entrepreneurship in Europe: People, Places and Policies. Report of a CEPS Task Force February 2017

This report sets out the elements for the design of a streamlined and future-proof policy on innovation and entrepreneurship in Europe. It is the result of a collective effort led by CEPS, which formed a Task Force on Innovation and Entrepreneurship in the EU, composed of authoritative scholars, industry experts, entrepreneurs, practitioners and representatives of EU and international institutions. The result of these deliberations is a set of policy recommendations aimed at improving the overall environment and approach for entrepreneurship and innovation in Europe and a new paradigmatic understanding of the role that innovation and entrepreneurship can and should play within the overall context of EU policy. These recommendations are based on a new, multi-dimensional approach to both innovation and entrepreneurship as social phenomena and to the policies that are meant to promote them

DESAIN KOMERSIALISASI DAN PROMOSI PRODUK MINUMAN INOVASI PADA LUPA WAKTU CAFFE

Pengabdian masyarakat dilaksanakan di Lupa waktu Caffe yang berlokasi di jalan suratan AMD kota mojokerto, Jawa Timur. cafe ini didirikan ditengah ramainya minat kalangan muda untuk  mencoba varian baru dibidang kuliner khususnya coffe yang sedang trend saat ini. Di era perkembangan  saat  ini, diperlukan inovasi untuk mencari segmen pasar  produk baru salah satunya dengan mengandeng Soekarno Straat band lokal sebagai iconnya.  Beberapa teknik promosi sudah dilakukan oleh mitra, akan tetapi hingga saat ini  lupa waktu Caffe  masih belum banyak dikenal oleh masyarakat. Oleh karena itu teknik promosi yang dilakukan harus dirubah sesuai dengan perkembangan yang terjadi   di  masayarakat  saat  ini.  Selain  itu, kurangnya faktor pendanaan atau modal yang dialami oleh mitra untuk dapat mengembangkan dan mempromosikan produknya. Berkaitan dengan  masalah  utama yang telah disebutkan, program ini akan menawarkan solusi yang diharapkan dapat menyelesaikan permasalahan mitra. Metode yang akan digunakan adalah  promosi produk melalui internet,  untuk  meningkatkan  promosi  produk  inovasi  serta memberikan desain untuk komersialisasi kemasan produk inovasi. Internet branding yang ditawarkan adalah membuat  sistem yang  terdiri dari  website  yang  akan terhubung dengan media sosial sebagai media untuk penjualan dan promosi produk. Hasil dari program pengabdian kepada masyarakat ini adalah diharapkan mitra mampu membangun brand secara digital serta  mampu  mempublikasikan  produk   inovasi dengan kemasan lebih  komersial  kepada  masyarakat  luas,  dengan  demikian diharapkan produksi dan penjualan akan semakin meningkat

Artificial intelligence as an enabler for entrepreneurs: a systematic literature review and an agenda for future research

Purpose While the disruptive potential of artificial intelligence (AI) has been receiving growing consensus with regards to its positive influence on entrepreneurship, there is a clear lack of systematization in academic literature pertaining to this correlation. The current research seeks to explore the impact of AI on entrepreneurship as an enabler for entrepreneurs, taking into account the crucial application of AI within all Industry 4.0 technological paradigms, such as smart factory, the Internet of things (IoT), augmented reality (AR) and blockchain. Design/methodology/approach A systematic literature review was used to analyze all relevant studies forging connections between AI and entrepreneurship. The cluster interpretation follows a structure that we called the "AI-enabled entrepreneurial process." Findings This study proves that AI has profound implications when it comes to entrepreneurship and, in particular, positively impacts entrepreneurs in four ways: through opportunity, decision-making, performance, and education and research. Practical implications The framework's practical value is linked to its applications for researchers, entrepreneurs and aspiring entrepreneurs (as well as those acting entrepreneurially within established organizations) who want to unleash the power of AI in an entrepreneurial setting. Originality/value This research offers a model through which to interpret the impact of AI on entrepreneurship, systematizing disconnected studies on the topic and arranging contributions into paradigms of entrepreneurial and managerial literature

Fintech firms and incumbent banks: competition or collaboration? : What factors impact how and why fintech firms and traditional banks decide the extent to collaborate with each other in the peer-to-peer lending sector in Norway?

Master's thesis Business Administration BE501 - University of Agder 2019Introduction: The fintech sector has grown from a narrow area of interest to become a major area of interest in Norway. Fintech firms and traditional banks seem to have a symbiotic relationship,with theircomplementary strengths contributing to the success of both parties. This paper therefore studiesthefactorsthatimpact the extent of collaboration between fintech firms and traditional banks, focusing on the peer-to-peer crowdlending sector in Norway. Methods:We adoptedaqualitative research design, using multiple-casestudyanalysis.Through a purposive sampling technique, we identified and carefully selected four fintech firms and three incumbent banks.We selected three scenarios:(1) those who have been chosen to remain separate(no collaboration between fintech firms and traditional banks),(2) collaborate as allies, choosing a strategic alliance strategy, or (3) selected a Mergers and Acquisitions strategy. We conducted seven in-depthinterviews in total,by usingsemi-structured interviews in an attempt to answerthe research question. We created a coding tree that helped us to both analyze the studiedcases and eventually aid in a cross-casecomparisonanalysis. In order to achieve triangulation and consistency concerning our findings, we collected complementary information through multiple sources: in-depth interviews and archival documentssuch as company websites, business reports and the news.Results:We have developed two research modelsfrom both the fintech firms’ and the banks’ perspective. Ourfinal model,from the fintech firms’ perspective,includes the following factors; regulation, trust, customer-centric approach, organizational cultural fit, strategic fit, innovation, capital, brand image, growth and expertise. From the banks’ perspective,we have identified the following factors; regulation, customer-centric approach, financial inclusion, organizational cultural fit, strategic fit, innovation, survivability, brand image, growth,risk management, expertise and profitability. Conclusions: Some identifiedfactors support earlier findings in the academic literature, while otherscontradict earlier findings. Additionally, we have identified factors that to the best of our knowledge,have not yet been identified intheliterature, concerning the studied phenomenon. Hence, we suggestthat these newly identified factors should be further investigated in a quantitative study