383,643 research outputs found
Valorificarea capitalului intelectual - criteriu pentru performanta manageriala in societatea bazata pe cunoastere
If we can see the knowledge society as an essential part of the âexternal environmentâ of the firm management, that brings with it some specific opportunities and threats, we have to consider the intellectual capital â that integrates the two basic resources: knowledge and human â a key ingredient for the âinternal environmentâ of the firm management, which determines some strengths and/or weaknesses that lead to the success or the failure of the managerial effort of the firm operating under the circumstances given by the emergency of three processes with global spread: the economic globalization, the managerial revolution and the knowledge-based society. Having as starting point the premise that Peter Drucker emphasized years ago: the managerial revolution represents the third essential change into the dynamics of knowledge, when knowledge is applied to knowledge itself, we have to accept the priority of the human factor â which generates, uses and valorizes knowledge in a never ending process of interaction with the environment. By continuing with this logic, we can not ignore that, even if there is no unanimously recognized approach about the meaning of the intellectual capital, it appears recently a quasi-unanimous recognized opinion regarding the first place that the intellectual capital has to take as source for the competitive advantage of the firm and strategic resource for its management. More than that, in a time when knowledge becomes the strategic resource for any of the human activities, firms shift through a new managerial paradigm that characterize âthe civilized businessâ and promote management intellectualization. By this way, the valorization of the intellectual capital of the firm could become vital criteria for the managerial performance in the knowledge â based society.intellectual capital; managerial performance; knowledge-based society
Banks' risk assessment of Swedish SMEs
Building on the literatures on asymmetric information and risk taking, this paper applies conjoint experiments to investigate lending officers' probabilities of supporting credit to established or existing SMEs. Using a sample of 114 Swedish lending officers, we test hypotheses concerning how information on the borrower's ability to repay the loan; alignment of risk preferences; and risk sharing affect their willingness to grant credit. Results suggest that features that reduce the risk to the bank and shift the risk to the borrower have the largest impact. The paper highlights the interaction between factors that influence the credit decision. Implications for SMEs, banks and research are discussed
A metric for collaborative networks
The objective of this paper is to provide a metric that could be used to define success in acollaborative network. Design/methodology/approach - The methodology of this research consists of four stages: Review, Constructing, Testing and Description. Review stage comprised of a critical review of theliterature in order to understand the characteristics of collaborative network organisations and thereasons behind the successes and failures in collaborative networks. Construction stage resulted indevelopment of a metric for collaborative networks. Testing stage tested the model through case studyin a collaborative networks organisation. The outcome of the case study was discussed at thedescription stage to assess usability and usefulness of the metric for participants in turn to generatec onclusions
The role of human capital and strategic intent in internationalisation scope of new technology-based firms
This paper explores the internationalization scope of new technology based firms (NTBFs) during their early years of operation. Internationalization is considered as a growth strategy in its own right whose successful implementation requires relevant resources and capabilities. We focus on the role of human capital in the form of the international experience of the firm founders, and its interaction with the strategic intent to internationalize from the outset. Our analysis of a sample of 466 cases of UK and German NTBFs shows that human capital is a key success factor for international growth strategies. This human capital is an asset strongly facilitating the penetration of foreign markets, but it also appears that it is much more influential when backed up by a deliberate strategic intent to internationalize from the inception of the new venture. Similar conclusions can be drawn for the scale of entrepreneurial resources dedicated to the start-up: the higher they are, the higher the scope of internationalization, and scale is also leveraged by strategic intent
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Knowledge management: Exploring the relationship between human capital and organisation structure capital
Human capital and its impact on the organisation structure capital are of paramount importance in the modern business organisations. This research in progress, which investigates and analyses the role that human capital plays in the determination of the organisation structure capital. The study is based on wide spectrum of current literature, which presents theoretical and practical research on the subject of study. Knowledge Management (KM) is systematic process based on models and technological integration, which helps in the development of the conceptual framework. It is assumed that KM leads to benefits for the organisation and provides a platform for future research. Also, it addresses KM impacts on human capital and the enhancement of organisational effectiveness. The procedure is established for the measurement of the effectiveness of knowledge management criteria. The study aims at large businesses in Syria. It is confirmed through the results and findings that models and processing of information through systematic structure is essential for the development of the managerâs capabilities which plays an important factor in defining the impact of human capital on the success of the organisation structure of a business
Corporate governance and financial constraints on strategic turnarounds
The paper extends the Robbins and Pearce (1992) two-stage turnaround response model to include governance factors. In addition to the retrenchment and recovery, the paper proposes the addition of a realignment stage, referring specifically to the re-alignment of expectations of principal and agent groups. The realignment stage imposes a threshold that must be crossed before the retrenchment and hence recovery stage can be entered. Crossing this threshold is problematic to the extent that the interests of governance-stakeholder groups diverge in a crisis situation. The severity of the crisis impacts on the bases of strategy contingent asset valuation leading to the fragmentation of stakeholder interests. In some cases the consequence may be that management are prevented from carrying out turnarounds by governance constraints. The paper uses a case study to illustrate these dynamics, and like the Robbins and Pearce study, it focuses on the textile industry. A longitudinal approach is used to show the impact of the removal of governance constraints. The empirical evidence suggests that such financial constraints become less serious to the extent that there is a functioning market for corporate control. Building on governance research and turnaround literature, the paper also outlines the general case necessary and sufficient conditions for successful turnarounds
Understanding Entrepreneurship Process and Growth in Emerging Business Ventures under Market Socialism in China
Objectives: This paper aims to provide an insightful view of the entrepreneurial process and growth in different types of Chinese entrepreneurial enterprises under
market socialism in China. This issue is explored by examining the organisational characteristics of three emerging business ventures under market reforms and
institutional changes. It addresses the interactive effect of key contingency factors in entrepreneurship process and explains its impact on growth or failure outcomes in a
particular âChina typeâ of market economy.
Prior work: Chinaâs hybrid economic system represents a mixed political economy with both socialist and capitalist characteristics (Lichtenstein, 1992; Morphy et al,
1992; Opper, 2001). Despite a growing body of research on Chinese small business practices alongside the economic reforms (Shen, 1994; Child, 1994; Naughton, 1994;
Schlevogt, 2001; Warner, 2004; Yang, 2007; Kshetri, 2007; Yang and Li, 2008), more empirical studies are required to provide a critical insight into the emerging
business practices. This research adopts a contingency model of entrepreneurship(Wickham, 2006) to examine entrepreneurship process and growth in different types
of business venture. It reveals the interactive relationships among key variables such as strategy, ownership, culture and management process.
Approaches: This research is undertaken through the empirical analysis of three case study companies in the textile industry. This fieldwork was conducted in 2006 and
2009 respectively. Multiple sources of data were collected including 21 open-ended interviews of owners and key managers in three case study companies.
Results: The study offers an explanation on how entrepreneurship takes different forms and features in different organisational contexts. Empirical evidence supports four hypotheses: (1) The type of ownership is a key contingent factor that moderates particular entrepreneurial outcomes. (2) Leadership and knowledge accumulation capability are critical factors in learning process, significantly affecting the strategic
choices in either high value or low value added products strategy. (3) The broadening of product portfolios and increased production capacity will improve survival chances
and increase the likelihood of firm growth. (4) Management capability and consistency have greater impact on the outcome of entrepreneurship process than the
resource and strategy factors.
Implications: The findings have significant implications for a conceptual understanding of Chinese entrepreneurship dynamics. It addresses important considerations on government policy making and promotion strategies for
entrepreneurship development in different forms of business venture.
Value: The textile sector has pioneered the government reforms in restructuring and creating entrepreneurial enterprises. It offers a perfect case for assessing the
entrepreneurship processes in a rapidly changing market environment. It emphasizes the important ownership effect on entrepreneurial outcomes. Drawing upon Wickhamâs contingency model of entrepreneurship, it provides an improved understanding of this concept under particular circumstance and different contexts
Prior Experience and Export Performance: The Missing Link of Global Vision
Despite the scholarly interest in the prior experience of entrepreneurs expressed by the field of International Entrepreneurship, empirical investigation linking prior experience with international performance leads to inconclusive and conflicting results. Based on the concept of human capital and resource-based theory, this study provides a supplementary explanation by integrating global vision âthe cognitive capital of the entrepreneur related to an international orientationâ into this relationship. The study hypothesises that there is no direct relationship between entrepreneursâ prior experience and export performance; rather, this relationship is mediated by an entrepreneurâs global vision. The hypotheses were tested using structural equation modelling, drawing on a sample of 332 early internationalising SMEs in Bangladesh. To overcome the cognitive inertia resulting from prior experiences, entrepreneurs must focus on their cognitive capabilities, in particular the ability to see the world through a global lens. In order to improve export performance, policymakers must also provide additional support to strengthen entrepreneursâ global vision
Factors for analysing and improving performance of R&D in Malaysian universities
This paper presents a model for analysing and improving performance of R&D in Malaysian universities. There are various general models for R&D analysis, but none is specific for improving the performance of R&D in Malaysian universities. This research attempts to fill a gap in the body of knowledge with regard to developing countries by explicitly focusing on factors that are relevant for analysing and improving R&D performance in Malaysian universities.\ud
The project's methodology essentially entails a deductive route to identify and progressively refine the factors that determine R&D performance. It is based on extensive literature study aimed at developing a model that is appropriate for researching and improving R&D in an emerging economy. The paper addresses the development of the model and the research projectâs approach. This model will be applied in collecting data from surveys and a number of field studies. The results will be used to improve the model as well as recommending points of improvement for Malaysian universities
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