Market information acquisition: a prerequisite for successful strategic entrepreneurship

AbstractThis paper investigates on the types of information used by managers and entrepreneurs, so as to conduct market research and to evaluate market potential.The authors examine five major sets of variables to understand their impact on firms’ information market search effort. Empirical results based on a survey of Greek enterprises provide support for these factors in predicting firms’ market information acquisition. Findings on structural and administrative characteristics of the firms support the notion that companies engaged in greater market information search and evaluation of market potential tend to develop and implement complex penetration and development market strategies, in order to maximize their business performance in the examined market

Constraining star cluster disruption mechanisms

Star clusters are found in all sorts of environments and their formation and evolution is inextricably linked to the star formation process. Their eventual destruction can result from a number of factors at different times, but the process can be investigated as a whole through the study of the cluster age distribution. Observations of populous cluster samples reveal a distribution following a power law of index approximately -1. In this work we use M33 as a test case to examine the age distribution of an archetypal cluster population and show that it is in fact the evolving shape of the mass detection limit that defines this trend. That is to say, any magnitude-limited sample will appear to follow a dN/dt=1/t, while cutting the sample according to mass gives rise to a composite structure, perhaps implying a dependence of the cluster disruption process on mass. In the context of this framework, we examine different models of cluster disruption from both theoretical and observational standpoints.Comment: To appear in the proceedings of IAU Symposium 266: "Star Clusters: Basic Galactic Building Blocks Throughout Time And Space", eds. R. de Grijs and J. Lepin

A detailed study of the enigmatic cluster M82F

We present a detailed study of the stellar cluster M82F, using multi-band high resolution HST imaging and deep ground based optical slit and integral field spectroscopy. Using the imaging we create colour maps of the cluster and surrounding region in order to search for substructure. We find a large amount of substructure, which we interpret as the result of differential extinction across the projected face of the cluster. With this interpretation, we are able to construct a spatially resolved extinction map across the cluster which is used to derive the intrinsic flux distribution. Fitting cluster profiles (King and EFF) to the intrinsic images we find that the cluster is 15-30% larger than previous estimates, and that no strong evidence of mass segregation in this cluster exists. Using the optical spectra, we find that the age of M82F is 60-80 Myr and from its velocity conclude that the cluster is not physically associated with a large HII region that it is projected upon, both in agreement with previous studies. The reconstructed integral field maps show that that majority of the line emission comes from a nearby HII region. The spatial dependence of the line widths (implying the presence of multiple components)measured corresponds to the extinction map derived from photometry, indicating that the gas/dust clouds responsible for the extinction are also partially ionised. Even with the wealth of observations presented here, we do not find a conclusive solution to the problem of the high light-to-mass ratio previously found for this cluster and its possible top-heavy stellar IMF.Comment: 12 pages, 7 figures, accepted MNRA

Influence of fault-ride-through requirements for distributed generators on the protection coordination of an actual distribution system with reclosers

This paper analyses the existing protection scheme of a real distribution system with distributed generators, in Greece. Network protection utilizes three successive reclosers at the main trunk and fuses at the laterals. The generating units are protected by overcurrent and voltage/frequency relays. The analysis focuses on the fault-ride-through capability of the generating units and proposes the resetting of the generators and network protection relays so as to conform to the requirements imposed by distribution system operators and international standards. The proposed protection system guarantees selectivity for any short-circuits occurring inside or outside the distribution system, irrelative if the generating units are connected to the network or not. Meaningful conclusions are derived from the application of the proposed protection coordination principle

The Snapshot Hubble U-Band Cluster Survey (SHUCS) II. Star Cluster Population of NGC 2997

We study the star cluster population of NGC 2997, a giant spiral galaxy located at 9.5 Mpc and targeted by the Snapshot Hubble U-band Cluster Survey (SHUCS). Combining our U-band imaging from SHUCS with archival BVI imaging from HST, we select a high confidence sample of clusters in the circumnuclear ring and disk through a combination of automatic detection procedures and visual inspection. The cluster luminosity functions in all four filters can be approximated by power-laws with indices of $-1.7$ to $-2.3$. Some deviations from pure power-law shape are observed, hinting at the presence of a high-mass truncation in the cluster mass function. However, upon inspection of the cluster mass function, we find it is consistent with a pure power-law of index $-2.2\pm0.2$ despite a slight bend at $\sim$$2.5\times10^{4}$ M$_{\odot}$. No statistically significant truncation is observed. From the cluster age distributions, we find a low rate of disruption ($\zeta\sim-0.1$) in both the disk and circumnuclear ring. Finally, we estimate the cluster formation efficiency ($\Gamma$) over the last 100 Myr in each region, finding $7\pm2$% for the disk, $12\pm4$% for the circumnuclear ring, and $10\pm3$% for the entire UBVI footprint. This study highlights the need for wide-field UBVI coverage of galaxies to study cluster populations in detail, though a small sample of clusters can provide significant insight into the characteristics of the population.Comment: 31 pages, 9 figures, accepted to the A

The Young Cluster Population of M82 Region B

We present observations obtained with the Advanced Camera for Surveys on board the Hubble Space Telescope of the "fossil" starburst region B in the nearby starburst galaxy M82. By comparing UBVI photometry with models, we derive ages and extinctions for 35 U-band selected star clusters. We find that the peak epoch of cluster formation occurred ~ 150 Myr ago, in contrast to earlier work that found a peak formation age of 1.1 Gyr. The difference is most likely due to our inclusion of U-band data, which are essential for accurate age determinations of young cluster populations. We further show that the previously reported turnover in the cluster luminosity function is probably due to the neglect of the effect of extended sources on the detection limit. The much younger cluster ages we derive clarifies the evolution of the M82 starburst. The M82-B age distribution now overlaps with the ages of: the nuclear starburst; clusters formed on the opposite side of the disk; and the last encounter with M81, some 220 Myr ago.Comment: 11 pages, 4 figures, accepted for publication in ApJ Letter