Multi-point knowledge development processes in the multinational firm

"Presented at the 1997 SMS Conference in Barcelona, Spain."Includes bibliographical references (p. 28-32).Andreas Gast, Donald R. Lessard

Entrepreneurial Orientation In Management Buy-Outs And The Contribution Of Venture Capital

This paper focuses on the development of entrepreneurial orientation (EO)after a management buy-out (MBO) and on the role played by venture capitalfirms in enhancing EO. It presents results of two exploratory case studiesof divisional buy-outs with regard to their EO and the areas where theventure capital firm (VC) has been of greatest help. We discuss theircontribution to elements of the EO of the buy-out firm. The key output isexpected to be a better understanding of the functioning and operations ofthe VC with regard to their contribution to the EO of the firm after an MBO.This will also benefit the management team that seeks venture capitalsupport to improve the firm?s economic performance by using its upsidepotential.governance;venture capital;entrepreneurial orientation;management buy-outs

International Entrepreneurship: An Introduction, Framework and Research Agenda

This paper provides an introduction into the field of international entrepreneurship. A definition of international entrepreneurship and associated key concepts is given and the research domain of international entrepreneurship is described. A substantial part of the international entrepreneurship literature concentrates on the internationalization of small and medium-sized enterprises (SMEs) and new ventures. Based on an analysis of the existing literature the current paper provides a framework for the study of antecedents and outcomes of SME and new venture internationalization and presents a number of avenues for future research.

Elements of Strategic Management and Innovation: An Empirical Investigation of the Elements Linking Strategy-Making to Those Elements Needed to Stimulate Innovation Within Scottish Firms

This investigation has three purposes which are described in the following: The first was to explore the concept of strategy-making as a major discipline within the field of strategic management. The enquiry describes how the analytical concepts, models and techniques of strategy-making were developed and assesses whether or not the essential elements of this discipline can be used to stimulate innovation

Toward a Unifying Framework for Exploring Fit and Flexibility in Strategic Human Resource Management

This paper presents a framework for studying the concepts of fit and flexibility in the field of Strategic Human Resource Management (Strategic HRM) focusing on HRM practices, employee skills, and employee behaviors and reviews past conceptual and empirical work within that framework. A model of Strategic HRM is presented and this model is used to explore the concepts of fit and flexibility as they apply to Strategic HRM. The concepts of resource and coordination flexibility are applied to Strategic HRM, and the implications of the framework for both the practice of and research on Strategic HRM are discussed

Business Ethics, Corporate Social Responsibility, and Firm Value in the Oil and Gas Industry

This study investigated the relationship between ethical performance, corporate social responsibility, and firm value in companies in the oil and gas industry. Ethical behavior and social responsibility were conceptualized by a series of social indexes used to carry out empirical observations. The data were collected from a sample of 55 companies drawn from the population of companies in the oil and gas industry and consisting of public documents, including proceedings of government bodies and court records, and newspapers and magazines dated from January 2000 through December 2003. The set of social indexes was analyzed statistically to establish any significant relationship with the firm\u27s value. The results indicated that ethical performance was positively and significantly correlated with firm value, as measured by return on equity in the exploration and production sector of the industry. In addition, diversity was positively and significantly correlated with firm value, as measured by approximate Tobin\u27s Q ratio in the equipment and services sector. The results of the study corroborated the economic importance of managers leading a socially responsible business operation by aggressively pursuing in their companies goals of zero emissions, zero environmental damage incidents, increased diversity in the workplace, and zero incidents of unethical behavior

Financing the Leisure Industry: Determinants of Capital Structure

The capital needed to finance the leisure endeavors is an issue that is paramount to our society. The economy has shifted toward a leisure base. The understanding of the capital structure is important because it is somewhat different. It is based more upon a discretionary decision of the consumer