121 research outputs found

    Discovery and Creation: Alternative Theories of Entrepreneurial Action

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    As oportunidades empreendedoras existem, independentemente, das percepções dos empreendedores, esperando apenas para serem descobertas? Ou, estas oportunidades são criadas pelas ações dos empreendedores? Duas teorias, internamente, consistentes com as oportunidades empreendedoras são: teoria da criação e teoria da descoberta- as quais serão descritas. Enquanto, será sempre possível, descrever a formação de uma oportunidade particular, como exemplo, de um processo da descoberta ou da criação de oportunidade, estas duas teorias têm implicações importantes para a eficácia de uma variedade ampla de ações empreendedoras em contextos diferentes. As implicações destas teorias para sete destas ações serão descritas, acompanhadas de uma discussão sobre algumas das implicações teóricas mais amplas destas duas teorias para os campos do empreendimento e do gerenciamento estratégico

    Hierarchical decision-making produces persistent differences in learning performance

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    Human organizations are commonly characterized by a hierarchical chain of command that facilitates division of labor and integration of effort. Higher-level employees set the strategic frame that constrains lower-level employees who carry out the detailed operations serving to implement the strategy. Typically, strategy and operational decisions are carried out by different individuals that act over different timescales and rely on different kinds of information. We hypothesize that when such decision processes are hierarchically distributed among different individuals, they produce highly heterogeneous and strongly path-dependent joint learning dynamics. To investigate this, we design laboratory experiments of human dyads facing repeated joint tasks, in which one individual is assigned the role of carrying out strategy decisions and the other operational ones. The experimental behavior generates a puzzling bimodal performance distribution-some pairs learn, some fail to learn after a few periods. We also develop a computational model that mirrors the experimental settings and predicts the heterogeneity of performance by human dyads. Comparison of experimental and simulation data suggests that self-reinforcing dynamics arising from initial choices are sufficient to explain the performance heterogeneity observed experimentally

    Corporate boards and the performance of Asian firms: A meta-analysis

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    The prevalence of ownership concentration in Asian firms presents a challenge to the influential agency theory-based understanding of the role of corporate boards. In this paper we develop and test hypotheses about board attributes and firm performance that reflect Asian institutional conditions. We present the first meta-analysis of the relationship between board attributes and performance of Asian firms using a varied set of meta-analytical techniques on a database of 86 studies covering nine Asian countries. First, we find that board structure and composition preferences are influenced by the identity of the concentrated owner. Second, consistent with US data, we find very limited evidence of a direct relationship between board attributes and firm financial performance in the Asian context. Third, we find that the relationship between board structure and composition and firm performance is mediated by the revealed strategic preferences of Asian firms specifically by the level of R&D investment

    Dynamics of resource slack and constraints: Resource positions in action

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    Previous studies of the effects of resource slack and constraints on creativity and performance offer contradictory findings. To resolve this debate, some authors operationalize resource slack and constraints in ways that actually may have concealed their underlying complexity and dynamics. This study seeks to demonstrate how perceived resource positions influence entrepreneurial decision making and creativity by drawing on in-depth case studies of three high-tech start-ups. The authors show that resource positions are perceived, relative, transient and multidimensional; that is, they reflect the entrepreneur’s perception of available resources relative to demand. Moreover, perceived resource positions are not static but change over time, and entrepreneurs can experience different types of resource constraints and slack simultaneously. The influence of perceived resource positions on decision making in turn depends on individual, temporal and resource position dynamics. These findings link perceptions of resources to the emergence of organizational ingenuity, by explaining how perceived resource positions influence decision making

    Stakeholder Salience for Small Businesses : A Social Proximity Perspective

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    This paper advances stakeholder salience theory from the viewpoint of small businesses. It is argued that the stakeholder salience process for small businesses is influenced by their local embeddedness, captured by the idea of social proximity, and characterised by multiple relationships that the owner-manager and stakeholders share beyond the business context. It is further stated that the ethics of care is a valuable ethical lens through which to understand social proximity in small businesses. The contribution of the study conceptualises how the perceived social proximity between local stakeholders and small business owner-managers influences managerial considerations of the legitimacy, power and urgency of stakeholders and their claims. Specifically, the paradoxical nature of close relationships in the salience process is acknowledged and discussed.Peer reviewe

    Is maximising creativity good? The importance of elaboration and internal confidence in producing creative ideas

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    While knowledge management researchers acknowledge that individuals transition from generation to implementation of ideas, these transitions are not fully understood. The current article focuses on idea elaboration–defined as the transition of an idea from an individual’s mind to one that is expressed in a work context–as a critical step towards creative output–the number of creative ideas an individual generates. Several related hypotheses were explored with a psychologically realistic simulation of creativity. A total of 100,000 trials of the creativity task was simulated to examine the relationship between creativity and creative output. Results suggest that low degrees of creativity combined with the elaboration of conventional ideas may lead to a greater number of creative ideas. The current article contributes to the field of knowledge management by leveraging the dynamics of cognition and stressing the importance of idea elaboration and the role that internal confidence plays
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