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Davydkova, Kateryna, and Valentyna Oberemchuk. "SOCIAL ENTREPRENEURSHIP: INNOVATION, DEVELOPMENT, SOLUTIONS." HERALD OF KHMELNYTSKYI NATIONAL UNIVERSITY 298, no. 5 Part 1 (2021): 195–98. http://dx.doi.org/10.31891/2307-5740-2021-298-5(1)-33.
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The dynamic present in Ukraine forms a new interpretation of the concept of “entrepreneurship”. In the modern sense, entrepreneurship involves identifying, evaluating and using new, as yet unseen opportunities to attract the attention of consumers and maximize profits. In this sense, opportunities are a tool for finding innovation and creating new products or services. According to the Business Dictionary, entrepreneurship means the ability and desire to organize a business, taking into account the potential risks, in order to profit from it. According to Lowry, the concept of “entrepreneur” is defined as a person who seeks to achieve their goals in the economic space, to meet their desires and needs. According to the position of the consulting company McKenzie, entrepreneurs are responsible for improving the lifestyle of consumers, as well as for solving the problems faced by consumers. Most of these problems are social in nature. An enterprise that seeks tools of influence to solve such problems is called social. In our opinion, social entrepreneurship is a field of activity that can have both commercial and non-commercial basis, all efforts of which are aimed not at maximizing profits, but at solving social problems with innovative ideas. The spread of social entrepreneurship is currently fragmented and in its infancy. Entrepreneurs who choose to engage in social enterprises are often called innovators because they try to solve “outdated” social problems with “new” entrepreneurial approaches. Most researchers confirm the view that social entrepreneurship is entrepreneurship with innovation and even social entrepreneurship itself is called innovation in the social sphere. The definitions of social entrepreneurship are considered in the work, its innovative content is determined. Innovative social entrepreneurship in Ukraine is analyzed. The effectiveness of the introduction of social enterprises to solve social problems is substantiated. Examples of functioning social enterprises in Ukraine are given and social enterprises that are currently represented in Ukraine are grouped into three groups. The main stages of implementation of social entrepreneurship are summarized.
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Pearse, Noel James, and Judita Peterlin. "Artistic creative social entrepreneurs and business model innovation." Journal of Research in Marketing and Entrepreneurship 21, no. 2 (2019): 149–62. http://dx.doi.org/10.1108/jrme-07-2018-0036.
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Purpose From the perspective of role identity theory, the purpose of this paper is to explain how an artistic creative entrepreneur has set up and operates a business that incorporates a component of social responsibility into the business model. Design/methodology/approach An explanatory case study approach was followed in analysing the case of Alenka Repic, the founder and creative director of the company Kaaita, which operates from Slovenia. Data were collected through documentation and interviews and content analysis was used to analyse the data. Findings Kaaita has adopted an innovative and socially responsible business model as an artistic creative enterprise. The case study firstly introduces Kaaita and its innovative business model. Thereafter, it describes and discusses the defining roles of Alenka Repic as an entrepreneur and how these roles have shaped what Kaaita does and how it operates. Research limitations/implications This explanatory case study has presented the unique case of an artistic creative social entrepreneur, and the innovative business model that has been adopted. However, because only one case has been presented here, it is recommended that additional case studies be conducted. It is also recommended that additional research be conducted in the area of sustainable business model innovation. Practical implications The case illustrates how a more deliberate consideration of their role identity could assist entrepreneurs in aligning their personal values and beliefs with how they create, operate and develop their enterprise. It also serves as a reminder to both scholars and aspiring entrepreneurs that the essence of entrepreneurship is to have the passion and courage to be innovative and disruptive and that educators should focus on cultivating skills that are related to identifying and exploiting opportunities for innovative disruption. Originality/value The study draws on role identity theory to gain insight into the roles that are exercised in developing an innovative business model that combines diverse types of entrepreneurship.
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Giriūnas, Lukas, and Gintarė Giriūnienė. "Research on entrepreneur identification." Buhalterinės apskaitos teorija ir praktika, no. 16 (July 5, 2019): 89–96. http://dx.doi.org/10.15388/batp.2014.no16.8.
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Recently entrepreneurship, promotion of it, development of support programmes for the creation and development of entrepreneurial entities is becoming a very common subject of not only scientific research. Thus, not every self-employed person or company, in its run or planned activities, can adopt or implement and develop entrepreneurship. So, not every business entity can distinguish for its entrepreneurship, therefore, one of the issues addressed in scientific literature is precisely identification of an entrepreneurial entity. Some researchers point out that an entrepreneurial entity is characterized by development, implementation, and enhancement of innovations, while others oppose to such a statement emphasizing that most attention should be given not to implementation of innovations, but to the preference for an aggressive market strategy. So, the article analyses the concept of an entrepreneurial entity and its features, and the main goal of the research is becoming an entrepreneurial entity identification. Analysis of the scientific literature suggests that not all entities can be called or considered entrepreneurial ones. Not all businesses, that employ the services of incubators, business information centres, technology parks, science parks, innovation centres, or other similar organizations, become entrepreneurial, so there can be no equality. Therefore, in order to consider an entity as entrepreneurial, it must not only be proactive, enterprising, venturous, open to novelty and innovation, tending to work together with academic institutions for marketing new, innovative goods and services, have sufficient skills in business management and development, exercise a decision-making influenced management structure, but also to seek a sustainable and long-term revenue rather than short-term and high-yield, treat business processes and their management as a priority, make an active use of state support for businesses, intensively pursue tax policies, and patronize a socially responsible approach to business. It should be emphasized that an entity with all the listed features that can be named as entrepreneurial, yet, we should not forget that it must try to stay the same, i.e., must be constantly evolving and heterogeneous.
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Shade, Marcia. "ACADEMIC NURSING RESEARCH, INNOVATION, AND ENTREPRENEURSHIP." Innovation in Aging 8, Supplement_1 (2024): 152. https://doi.org/10.1093/geroni/igae098.0489.
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Abstract Marcia Shade PhD, BS, RN is the Founder and CEO of Voice-It Inc. The start-up company focuses on creating digital health solutions that engage, inform, and empower older adults. Voice-It Inc. is harnessing, AI, the power of machine learning and natural language processing to help improve the health and quality of life of older adults. Dr. Shade will share: 1) Her perceptions on the importance of understanding entrepreneurship as an academic nurse researcher and innovator, and 2) Reflections on her experience as a finalist in the 2023 NIA Start-Up Challenge. “I received invaluable guidance from the NIA Team, experts, mentors, advisors, and fellow cohort finalists to help me grow as an entrepreneur and lay a foundation for my start-up company.”
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Pallavi, D. R., M. Ramachandran, and Chinnasami Sivaji. "A Review on Entrepreneurship and Its Implication." Trends in Banking, Accounting and Business 1, no. 1 (2022): 36–42. http://dx.doi.org/10.46632/tbab/1/1/8.
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Entrepreneurship refers to a person who has an idea and wants to implement that idea, usually with a new product or service Disrupting the market. With the right practices of research and development, entrepreneurs are new. They bring innovation, which opens the door to new ventures, markets, products and technology opens. Entrepreneurs need to play a role in solving problems that are not yet solved by existing products and technology. Traditionally, entrepreneurship has been classified into four main categories: small businesses, scalable start-ups, large companies and social entrepreneurs. These models cover the basics of starting a business and focus more on the company than the qualities of an entrepreneur. An entrepreneur will usually start a new business and run it. At the same time, they are responsible for the risks involved. Entrepreneurship is the process of starting a new business that prepares one for both risks and opportunities. An entrepreneur integrates the essential needs of a company. Make sure you do the work and no one will look over your shoulder. As an entrepreneur, you must learn to take responsibility for yourself, otherwise you will not succeed. There will be more responsibility in the making industry the branch is also responsible for his personal life. The main difference between entrepreneurs and managers is their role in the company. The owner of an entrepreneurial company, the manager is an employee of the company. Entrepreneur risk taker; they take financial risk for their company. Entrepreneurial businesses are found in every business - every business needs professionals who can create success and defraud many responsibilities. The following table illustrates the salary opportunities for four common business and entrepreneurial majors each one. Most entrepreneurs have a bachelor’s degree in business or a specific bachelor’s degree in entrepreneurship and then develop their skills in an MBA program. In entrepreneurial MBA programs, students are encouraged to use their creative potential as they learn to create endeavors. Top businesses have multiple revenue streams and competitive prices with a 50 percent or better wholesale range and a 10 to 20 percent profit range. If your numbers are not attractive, survival is difficult. So make sure all the numbers work before you start your endeavor.
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Ríos Manríquez, Martha, Lizbeth Pérez Rendón, María de la Cruz Del Río Rama, and María Dolores Sánchez Fernández. "Entrepreneurship and technological innovation: The micro-entrepreneur in Mexico." Contaduría y Administración 67, no. 3 (2022): 341. http://dx.doi.org/10.22201/fca.24488410e.2022.4561.
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<p>Entrepreneurship has gained importance in the field of research due to its ability to dynamize the economy. Knowing how technological expertise and access to financing influence business performance will enable micro-entrepreneurs to make decisions about technological training strategies within their company. Therefore, the aim of this investigation is to analyse and identify the influence between the Technological Training of Human Resources and awareness on the use of ICTs in business management on an ICT development level and access to finance, by micro-entrepreneurs of Celaya, Guanajuato, Mexico. The methodology is quantitative and transversal, with data collection taking place between 2016-2017 and the informants being the owners or partners of micro businesses located in the municipality of Celaya, Guanajuato, Mexico. Obtaining from a population of 24100 economic units according to the National Statistical Directory of Economic Units of INEGI, establishing a sample of 379 companies with a confidence level of 95% and 5% sample error, via simple random sampling. The share corresponds to 21.11% of the total sample, and it is a representative sample as entrepreneurs have low participation due to the insecurity in the region. A model based on quantitative indicators which have an influence on business performance of Mexican micro-entrepreneurs is proposed. Nine indicators are taken into consideration; three from the Business Performance variable: 1) Customer Retention, 2) Asset yield, 3) Return on equity, and five from the Technological Expertise of Micro-Enterprises: 4) Technological Preparation of Human Resources, 5) ICT access, 6) awareness of the use of ICTs, 7) Use of ICT in the administration of the company, 8) Level of ICT development, and one from access to financing 9) Financing for technological preparation of the company. Concluding that while micro-entrepreneurs are aware of the importance of ICTs in their businesses, Celaya's micro-enterprises have a low level of technological expertise.</p>
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Yun, Jinhyo Joseph, MinHwa Lee, KyungBae Park, and Xiaofei Zhao. "Open Innovation and Serial Entrepreneurs." Sustainability 11, no. 18 (2019): 5055. http://dx.doi.org/10.3390/su11185055.
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With the advent of the Fourth Industrial Revolution, the role of entrepreneurs has become more crucial than ever. As a result, an open innovation model is suggested here that can promote serial entrepreneurs by answering the following question: “How does the serial entrepreneur in open innovation conditions continuously identify business opportunities?” This question is answered through an in-depth case study of Medison from 1985 to 2016, as Medison is not only a representative Korean medical device company, but is also a representative example of serial entrepreneurship in Korea. First, we examined the diverse open innovation channels, such as spin-offs, venture investment, and joint venture, used by Medison before it was merged with Samsung. Second, we examined the open innovation serial entrepreneurs of Medison and then analyzed the direct serial entrepreneurs of Medison. Fourth, we built a causal loop model of Medison open innovation with emergence and complexity combined. Finally, a sustainable open innovation strategy and an approach to sustainable serial entrepreneurship was formulated. The foundation of this research is as follows. First, an open innovation strategy can be a strong motivator for serial entrepreneurs. Second, a balance between emergence and complexity is required to trigger sustainable serial entrepreneurs of open innovation.
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Morais, Greiciele Macedo, Valdeci Ferreira dos Santos, Renata De Sousa da Silva Tolentino, and Henrique Cordeiro Martins. "Intrapreneurship, Innovation, and Competitiveness in Organization." International Journal of Business Administration 12, no. 2 (2021): 1. http://dx.doi.org/10.5430/ijba.v12n2p1.
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To ensure survival, seize opportunities, and resist threats in the unpredictable business scenario, companies increasingly adopt practices that enable intra-entrepreneur behavior. This behavior is characterized by the alignment of company members in search of innovative solutions for the development of the organization and building a competitive advantage. The current study reflects on the importance of intra-entrepreneurship and innovation for the competitiveness of the organization. This article discusses the development of intra-entrepreneurship, its characteristics, the factors that precede it, and also reflects on the relationship between intra-entrepreneurship, innovation, and competitiveness of organizations. The methodological approach consisted of a systematic descriptive-discursive review of the academic literature with research in databases (CAPES Journal Portal, EBSCO HOST, and Web of Science). The keywords used were: corporate entrepreneurship, intra-entrepreneurship, innovation, competitiveness, and competitive advantage (in Portuguese and English). The research found that intra-entrepreneurship and innovation go hand in hand. Together, they constitute dynamic and holistic processes in which employee behavior, combined with favorable organizational factors, affect the development of organizations and the possibility of developing a competitive advantage, not limited to new companies. This article contributes to the literature on intra-entrepreneurship, reinforcing its importance, along with innovation for organizational development. As a practical implication, the current work demonstrated the need to increase attention and appreciation of human capital as a strategic factor for achieving competitive advantage in organizations. For future research, we suggest seeking quantitative research that confirms the relationship between intra-entrepreneurship, innovation, and organizational performance.
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TRUSH, U.L., and O.N. SHEVCHENKO. "Creative and innovative entrepreneurship and startups in the field of food production, as an applied tool for creative economy." Market Relations Development in Ukraine №9(244)2021 122 (November 16, 2021): 46–51. https://doi.org/10.5281/zenodo.5704559.
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and innovative entrepreneurship in the field of food production and startups in the creative economy. It is established that entrepreneurship is a kind of economic creativity, so the concept of creative entrepreneurship is studied as a relatively new concept in the economy. The specific features of entrepreneurial creativity are considered, which include the specific origin, multifaceted basis, conscious creative orientation, a kind of implementation mechanism, transformative role, the presence of a secondary effect. Results of the investigation. It is established that entrepreneurship in the field of creative industries refers to business that operates within the cultural and creative industries and the following types of creative entrepreneurship are identified: cultural, social, mixed models of entrepreneurship in the field of creative economy. Revealing the issue of creative entrepreneurship, the concept of innovative entrepreneurship is considered, which today is at the forefront of economic modernization. From the standpoint of the Law of Ukraine "On Innovation" the concept of innovation, innovative entrepreneurship, innovative enterprise is studied. Examples of forms of organization of innovative entrepreneurship are studied, including: innovation center, technopark, technopolis, innovation business incubator, etc. It is established that the most progressive way to produce innovations is the development of startups on the basis of existing developments of research institutes, universities and at the initiative of entrepreneurs. The concepts of startup and startup company are studied. Conclusions. The factors of increasing Ukraine’s position in the ranking of countries by the number of startups, including: development of business incubators; annual growth in the number of IT specialists by 20%; significant growth of investment agreements; success of Ukrainian startups. The results of the forms of spatial organization of creative entrepreneurship in the creative economy, which have common characteristics, are made.
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Aseanty, Deasy, Fatik Rahayu, Muhamad Yudhi Lutfi, and Aji Kusuma Wijaya. "Exploring Creative Business Ideas and Business Opportunities for Bina Amanah Cordova Entrepreneurship School Students." Jurnal Pengabdian Masyarakat Bestari 3, no. 2 (2024): 147–56. http://dx.doi.org/10.55927/jpmb.v3i2.8086.
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Business success depends on the success of creating and realizing creative ideas in executing them. Basically, everyone is born with natural talents. Realizing your abilities and potential, and managing your talents effectively, is a good start if you want to become a successful entrepreneur. To move a business towards change and innovation, creativity is needed which produces brilliant ideas. Innovation in business development can emerge from reliance on internal creativity. Innovation and creativity are two concepts that are closely related and cannot possibly appear in humans in an instant. Educating and preparing students to be more creative and creative is the main thing. If they choose to become entrepreneurs, they must also strive to foster greater creativity and innovation so that their company can develop and grow.
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Gnatchenko, Y., S. Yurieva, and N. Volgina. "INNOVATIVE ENTERPRENEURSHIP DEVELOPMENT MANAGEMENT ON MACRO LEVEL." Series: Economic science 2, no. 162 (2021): 92–98. http://dx.doi.org/10.33042/2522-1809-2021-2-162-92-98.
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Government policy issues and approaches of improvement innovative entrepreneurship are considered in the paper. Elements of policy intervention on innovative entrepreneurship were described. The way firm innovate and the nature of their contributions to innovation varies and depends critically on firm characteristics and the conditions they face to engage in innovation. The “technology push” and “market pull” models provide two perspectives on firm innovation. Innovation output may differ along the several dimensions, including the type of innovation and the impact of innovation. Innovation can play a critical role in addressing socio-economic objectives, which are affected by the following factors: economic growth and employment, environmental challenges, social challenges. Innovative entrepreneurship can contribute to socio-economic challenges by formalizing the informal sector. The main policy approaches to address challenges associated to policy intervention for innovative entrepreneurship deal with: institutional governance, strategy and coherence of policies, policy-making contexts for innovative entrepreneurship. Achieving coherence and balance in the set of policies affecting innovative entrepreneurship, and coordinating the various actors involved in these policies have, consequently, become increasingly important for policy efficiency. Specific rationales for public policies: access to finance, access to knowledge, access to labor, entrepreneurial capabilities and culture, market development and access, regulatory framework. Access to finance is a key driver in the creation, survival and growth of innovative new ventures. Within the context of innovative entrepreneurship, public policy can in the following ways: debt financing, venture capital, business angels, private sources of funding. Access to debt financing is a critical issue for innovative businesses. It allows them to finance their growth, meet working capital requirements and invest in innovation. Relevant to innovative entrepreneurs are alternative types of loans, such as convertible and subordinated loans. Convertible loans give lenders the right to convert credit into an equity participation in the company, whereas subordinated loans are junior forms of debt that, in case of insolvency, have lower priority than senior debt (e.g. asset-based lending). They are riskier but pay higher interest rates.
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Yanuar, Riyan Rahmat, and Grisna Anggadwita. "Identifikasi Karakter Sosial Pada Wirausaha Sosial (Studi Kasus: CV. Energi Persada, PT. Greeneration Indonesia, Amygdala Bamboo Dan CV. Wahana Putra Ideas Tahun 2017)." SOSIOHUMANITAS 21, no. 2 (2020): 126–32. http://dx.doi.org/10.36555/sosiohumanitas.v21i2.1251.
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Unemployment and Poverty are the main issues in most countries, including Indonesia. It is a general problem, considering the high unemployment level is the main problem in every developing country. Therefore, social entrepreneurs becomes necessary. Indonesia needs figures that can help the government by not only helping the society but also by directing them to achieve a better economy and social life individually. Social entrepreneur is supposed to be a solution to accelerate the decrease of unemployment and poverty rate. That’s because social entrepreneurs offer advantageous benefits from only providing job vacancy. Entrepreneurship gives vast benefits because it doesn’t only deal with the employees, from work partners, but also the whole society. Thus, a research about social characters in order to find out an individual characters that distinguish scoial entrepreneurs from the mediocre ones.
 This research aims to find out the idea of social entrepreneurship and to identify the social characters within social entrepreneurs in Bandung City i.e., CV. Energi Persada, PT. Greeneration Indonesia, Amygdala Bamboo, dan CV. Wahana Putra Ideas, with variables of Social Value, Civil Society, Innovation, Economy Activity, dan Social Outcome.
 The method in this research is qualitative method. Twelve people; Three people from each company, consisted of two internal members of the company and one external member of the company which is a citizen involved with the company, are interviewed for the research. Data for the research are collected from interview and report with the involved ones. Data are analyzed by the researchers, referring to the theory.
 Based on the result of the data processing from the four entrepreneurs, All social entrepreneurship i.e. CV. Energi Persada, PT. Greeneration Indonesia, Amygdala Bamboo, dan CV. Wahana Putra Ideas, have done their business based on the five variables of social characters i.e., Social Value, Civil Society, Innovation, Economy Activity, dan Social Outcome.
 Based on result of the the research, becoming a social entrepreneur requires social characters, such as Social Value, Civil Society, Innovation, Economy Activity, dan Social Outcome. Social entrepreneurs can be a partner for the government to develop the country, as social entrepreneurs are proven capable decreasing the poverty and unemploment level.
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M. Narayanan, Dr. S. Chandrasekaran. "A Role Of Technological Innovation Of Rural Entrepreneurs In India." Tuijin Jishu/Journal of Propulsion Technology 44, no. 4 (2023): 5773–77. http://dx.doi.org/10.52783/tjjpt.v44.i4.1981.
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Purpose: This study's main objective is to disseminate recently acquired information and understanding of technical elements of rural entrepreneurship, how they might help entrepreneurial survival and growth in rural industries, and what the theoretical and practical implications are.
 Theoretical framework: Thanks to rural entrepreneurship, people relocating from rural or semi-urban regions to metropolitan areas today have many chances. On the other hand, it is also true that the majority of rural businesses face several difficulties due to the absence of essential utilities in rural areas of developing countries like India. Due to a lack of education, financial constraints, and poor technical and conceptual abilities, it is too difficult for rural entrepreneurs to launch companies in rural regions.
 Design / Methodology: The primary data collection came from the 100 rural entrepreneurs who run businesses in the study region. A composite questionnaire containing both quantitative and qualitative questions served as the survey instrument. The entrepreneur received the questionnaire at their place of business, and they had 20 days to fill it out. The researcher and his or her research assistants were always available to assist.
 Findings: The poll's findings revealed that a sizable percentage of respondents used digital technology more for social and personal relationships than for business. It's crucial to exercise caution when extending the results because the study was only done in one Indian province.
 Originality: An innovative idea for increasing the awareness of rural entrepreneurship emphasizes the need for local company owners to have creative capacity in order to succeed and reach a certain level of well-being. The acknowledgement of the impact of innovation on rural entrepreneurs supports the plan.
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Sarika Singh, Alok Kumar Rai. "Ideal Self and Social Identity in Entrepreneurs- The Mediating Role Of Self-Image and Self-Esteem." Journal of Information Systems Engineering and Management 10, no. 20s (2025): 33–45. https://doi.org/10.52783/jisem.v10i20s.3003.
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An entrepreneur with a robust self-concept is more inclined to embrace risk, foster innovation, exhibit resilience in challenging situations, and own their company. In order to better understand how entrepreneurs might succeed, it is crucial to research the effects of an entrepreneur's ideal self and social identity on their entrepreneurship firm, as well as the role of self-image and self-esteem in mediating this relation. By studying this paper, we may develop insights into the psychological elements that encourage success and ways to support entrepreneurs in achieving their full potential. Thus, the present research has assessed impact of social identity and ideal self of entrepreneurs on entrepreneurship where self image and self esteem play a mediating role. Herein, ideal self and social identity is independent variables; self image and self esteem are mediating variables while entrepreneurship is dependent variable. The research found mediation role of self image and self esteem to exist for both, i.e., for impact of social identity and for ideal self of entrepreneurs wherein mediation of self image and self esteem was more for impact of ideal self of entrepreneurs.
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Dr., B. Sasikumar. "AN ECONOMIC STUDY OF WOMEN ENTREPRENEURSHIP." International Journal of Current Research and Modern Education 2, no. 1 (2017): 242–45. https://doi.org/10.5281/zenodo.824517.
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A woman entrepreneur is one who owns and controls an enterprise having a share capital of not less than 51 per cent as partners / shareholders / directors of private limited company / members of co- operative society and offers at least 51 per cent employment to women. The major functions performed by a women entrepreneur are categorized as risk- bearing organization and innovation. Women entry into business is a recent phenomenon. It is traced out as an extension of their kitchen activities to three Ps, i.e., pickle, power (masala) and pepped manufacturing with growing awareness and spread of education over the years, women have started engrossing to modern activities like engineering, electronics and energy popularly known as 3Es. In certain businesses, women entrepreneurs are doing exceedingly well and excelling their male counterparts. At present women entrepreneurs account for about 10 per cent of total entrepreneurs in the Women entrepreneurs face two types of problems, one, general problems faced by all entrepreneurs and, second, problems specific to women. Male dominating society, family ties, lack of need achievement, education and risk- bearing abilities are the examples of problems specific to women entrepreneurs. Women in India are no longer an able and remain confined to within four walls of house. They are participating and performing well in all spheres of activities such as academic, politics, administration, space, and industry. Efforts are one at the Government and voluntary agencies levels to tap the hitherto unrecognized and unaccounted for strength of women to integrate them in the process of industrial development, more especially small- scale industry development in the country.
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Zhornokui, Yu, L. Doroshenko, O. Ruban, and D. Тymoshenko. "ESSENCE AND SPECIFICS OF VENTURE INVESTMENT INTO INNOVATION ACTIVITY." Financial and credit activity problems of theory and practice 4, no. 39 (2021): 362–67. http://dx.doi.org/10.18371/fcaptp.v4i39.241328.
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Abstract. On the basis of the analysis of scientific approaches and practical application, the authors have concluded that venture investment of innovation activity is a type of entrepreneurship based on the ability of an entrepreneur to accumulate investments from various sources, which is focused on the practical use of technical and technological innovations that are assessed as highly profitable, and which is aimed at fulfilling scientific and technical projects that have not been tested in practice, as well as at improving existing ones in order to exercise intellectual property rights and make a profit and (or) other effect (benefits). It has been noted that the analysis of the essence of venture investment of innovation activity at the current stage of the development of the National Innovation System, suggests that inter-temporal changes of public investment growth, which should act as an institutional magnet, are much greater than the dynamics of private investment. One of the key problems of the modern Ukrainian model of the development of venture industry, which is implemented at the state level, is the imbalance between public and private investments, which must be promptly eliminated. The temporary lack of private investments in Ukraine has been so far successfully replaced by public investments, but it is necessary to create a stable market for both private Ukrainian and foreign venture capital for the effective implementation of the global strategy of building an innovative economy. The authors have substantiated the position that the process of venture investment into innovation activity consists of two stages: 1) invention and development of the object of venture investment and 2) implementation and realization of the obtained result into production, services sector, etc. The specified stages can be combined or considered separately depending on the specialization and (or) specifics of the venture company. An approach to the recognition of two most common forms of venture investment into innovation activity has gained the development. These forms are: 1) investment into corporate capital of companies and 2) investment loans. However, both of these forms are often used simultaneously in practice. The essence of venture investment into innovation activity abroad compared to Ukraine, is the identity of the ultimate purpose of venture and innovative entrepreneurship, which is to make a profit through the industrial introduction of advanced technologies (materials, products, production methods, etc.), despite the fact that methods and means to achieve this purpose are different. Thus, sources of investment of venture entrepreneurship are diversified in different countries from purely private (through specially created structures) to a combination of private and public investment resources. It has been substantiated that venture investments are currently the most affordable alternative to loan financing. One can confidently state that this form of investment is the most profitable for the recipient company, because the previous experience of investors always has a positive effect on a venture company. Keywords: venture entrepreneurship, innovation activity, an investor, investment, venture capital, corporate capital. JEL Classification D92, E22 Formulas: 0; fig.: 0; tabl.: 0; bibl.: 11.
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Puente Castro, Raquel, Jose U. Mora Mora, and Fernando Pereira Laverde. "High-Growth Aspirations of Entrepreneurs in Latin America: Do Alliances Matter?" Sustainability 12, no. 7 (2020): 2867. http://dx.doi.org/10.3390/su12072867.
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This study considers how the formation and implementation strategies of a Latin America alliance between four of the best economic performance countries in the region have impacted the quality of entrepreneurship in these countries. To this end, we studied the Pacific Alliance (PA) and employed an ordered probit model with sample selection bias and statistical information from the Global Entrepreneurship Monitor (GEM) database for the 2012–2017 period. As a dependent variable, we used the growth aspiration of entrepreneurs as a proxy to measure the future growth of the company, from which a possible economic impact could be inferred. The evidence shows that during the implementation period of the PA, there is a positive impact on entrepreneur growth aspirations in member countries; the likelihood that entrepreneurs have high-growth aspirations is found to be greater during and after the implementation period than before the signing of the PA. Likewise, it was found that motivation, gender, education, skills, innovation (as perceived by the entrepreneur), export level, two pillars of the global competitiveness index (GCI), and the gross domestic product (GDP) growth rate explain the growth aspirations of entrepreneurs in the member countries during the period under study.
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Purnomo, Yudiyanto Joko, and Andri Asoka Sidantara Rosadi. "PSYCHOLOGICAL DYNAMICS IN STIMULATING CREATIVITY AND INNOVATION IN ENTREPRENEURIAL ENVIRONMENTS." Technopreneurship and Educational Development Review (TENDER) 1, no. 1 (2024): 41–48. http://dx.doi.org/10.61100/tender.v1i1.153.
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In the rapidly changing business world, creativity and innovation are foundational to the success of a company, especially in the context of entrepreneurship. The ability to think outside the box, create new solutions, and identify market opportunities are key factors that differentiate successful businesses from those that fail. This research aims to analyze the psychological dynamics in stimulating creativity and innovation in the entrepreneurial environment. The research method used is a qualitative literature review using data from Google Scholar from 2007 to 2024. The study results indicate that psychological dynamics play a crucial role in stimulating creativity and innovation in entrepreneurial environments. Understanding motivation, perception of failure, and supportive work environments are key to creating conditions that enable entrepreneurs to create new value, discover innovative solutions, and bring about significant change. Entrepreneurship requires more than just business knowledge; it also requires sensitivity to the psychological factors influencing creativity and innovation.
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Joshi, Manoj, and Apoorva Srivastava. "I have a dream: Ayuvayur Pharmaceuticals." Emerald Emerging Markets Case Studies 3, no. 1 (2013): 1–10. http://dx.doi.org/10.1108/eemcs-10-2012-0183.
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Subject area Start-ups, entrepreneurship, innovation and innovative practices, risks, uncertainties, differentiation, internationalization, competition, business models, operationalizing and implementing strategy. Study level/applicability The case is suitable for MBA students. Case overview Vinay moved to the capital city of a Northern Indian state, which also happened to be a commercial hub, after his family business failed. The family succumbed to living in a room without electricity and doors. Vinay had dreamt of establishing his own business empire by being a successful entrepreneur. Steered by this intent, he established a pharmaceutical company with the name of Ayuvayur Pharmaceuticals. The challenge was to establish an innovative Ayurveda-based pharmaceutical products-based firm and to build a leading business empire with a customer focus. Progress was not smooth and the challenges ahead multiplied. Despite his ability to cope with barriers, risks and uncertainties, Vinay and his business, was challenged to grow globally and emerge from its nascent structure. How should the business expand? Expected learning outcomes Students can discover the following key learning points: how an enterprise is born; the importance of entrepreneurial recognition and orientation; the lead characteristics of an entrepreneur; how a start-up is born despite the unfamiliarity of the entrepreneur with the field he enters; the role of innovation in a small enterprise; and the risks, barriers, uncertainties and challenges associated with entrepreneurial activity. Supplementary materials Teaching notes are available for educators only. Please contact your library to gain login details or email support@emeraldinsight.com to request teaching notes.
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Baghel, Dipti, Pooja Ganesh Pawar, Pallavi Ingale, Mrunal Vilas Ajotikar, and Ansuman Sahoo. "Effects of Creativity and Innovation on the Entrepreneurial Performance of the Family Business With Special Reference to Banking Sector." International Journal of Professional Business Review 8, no. 4 (2023): e0996. http://dx.doi.org/10.26668/businessreview/2023.v8i4.996.
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Purpose: The purpose of the study is to examine the roles of the innovation and the creativity in order to improve the performance of the entrepreneur. Along with this the performance of the entrepreneur and its adverse effect on the position of the family business of the company in different market are discussed. Theoretical framework: The theoretical framework of the study includes the various studies conducted by various researchers in the Entrepreneurial Performance in the family business with regarding to Banking sector. Design/methodology/approach- In this research article the researcher selects the secondary qualitative data collection method. With the help of secondary qualitative data collection method, the researcher can be able to collect the data from the existing information that are provided in the existing articles. Findings: The major findings of the study is that with the help of innovation and creativity, the production level of the organization is improved and along with the employee engagement in the internal work sector of the organization also becomes better after adopting innovation and creativity. And also there is a positive effect of business performance of entrepreneurs in the market position of family business. Research, Practical and Social implications: The main objectives of this study are to analyze the influencing effect of innovation and creativity on entrepreneurship and to highlight all the changes that are observed in an organization after including creativity and innovation. Moreover, this study also aims to estimate the adverse effect of the performance of the entrepreneur on the family business in the current scenario. Originality/value: The value of the study is that it provides more insights to the emerging budding entrepreneurs to do family business in an efficient and most effective manner.
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O'Gorman, Colm, Martina Brophy, and Eric Clinton. "Teeling Whiskey Company: A Tradition of Family Entrepreneurship and Whiskey Distilling." International Journal of Entrepreneurship and Innovation 16, no. 3 (2015): 217–25. http://dx.doi.org/10.5367/ijei.2015.0195.
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This case study explores the origins of a new high-growth family start-up competing in a traditional industry. Teeling Whiskey Company Ltd (TWC) is the brainchild of entrepreneur Jack Teeling. This new venture stems from another high-profile, family-based business named Cooley Distillery. Jack was Managing Director of Cooley Distillery, the business his father founded in 1987. At Cooley Distillery, he acquired a wealth of professional experience in whiskey distilling and selling. When the distillery was sold to a large US spirits company in 2012, Jack pursued his own entrepreneurial venture in Irish whiskey. A year after the business was founded, Jack was joined by his brother Stephen Teeling, and together they have shaped their idea for a boutique, premium whiskey distiller producing innovative offerings into a fast growing, internationalized business. Jack and Stephen need to build a niche for TWC, as many new distilleries are due to enter the market.
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Setyawati, Christina Yanita. "Implementing Ten Types of Innovation Learning for Young Entrepreneurs in Surabaya." Edu Cendikia: Jurnal Ilmiah Kependidikan 4, no. 03 (2024): 1160–69. https://doi.org/10.47709/educendikia.v4i03.5079.
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This study aims to explain the Ten Types of Innovation learning process for students who already own businesses in Surabaya. The research was conducted at a private university in Surabaya, which implements an entrepreneurship-based curriculum. The study focused on an elective class called the Innovation Class, offered to fifth and seventh-semester students across all programs. The class is completed within one semester, with each session equivalent to 3 credits. The research employed a descriptive qualitative approach, with data collected through observation, interviews, and documentation. The participants of this study are students and lecturers from five different study programs currently in their fifth and seventh semesters. The findings show that the Innovation Class, held over 16 sessions with three credits per session, enables students to formulate innovations for their businesses. This formulation process involves understanding theoretical concepts, conducting company research, engaging in discussions and mentoring, and concluding with business innovation presentations. The learning process enhances students’ ability to integrate theoretical discussions with company research, improving their business management skills, particularly in business planning. The results also highlight factors influencing learning outcomes, such as student characteristics, available facilities and resources, learning schedules, teaching methods, and evaluation processes. Furthermore, this Innovation Class is essential for students with an entrepreneurial background. The innovative learning process is flexible and can be tailored to meet individual student needs. To further enhance the program, it is recommended that business practitioners provide feedback during presentations. This would offer valuable practical insights, enriching the innovation concepts proposed for the students' businesses.
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Stanković, Milica, Gordana Mrdak, and Suzana Stojanović. "THE IMPORTANCE OF SMALL AND MEDIUM ENTERPRISES IN MODERN ECONOMY." Knowledge International Journal 28, no. 5 (2018): 1619–24. http://dx.doi.org/10.35120/kij28051619m.
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Еntrepreneurship sector will be very important factor in future economic growth due to its ability to adapt to changing business conditions in terms of globalization. Entrepreneurship is often called the driving force of the economy, while entrepreneurs are agents of change that provide innovative ideas for companies. Small and medium enterprises are a key source of dynamism, innovation and flexibility, both in developed and in developing countries. Entrepreneurial framework describes the key components of entrepreneurship: entrepreneurs/team of entrepreneurs, entrepreneurial process, creation of new values and environment. An entrepreneur or team of entrepreneurs should recognize business opportunities, collect the necessary resources, and develop an appropriate business strategy with aim to create new value. The paper suggests that entrepreneurship creates entrepreneurship and entrepreneurial activity is the best incentive for further entrepreneurial activity. In order to gain a better insight into the operations of small and medium enterprises, the paper points to the advantages and disadvantages of starting a business through this form of entrepreneurial activity. Smaller enterprises achieve success in industries where flexibility and inovation are of great importance, while they are less successful in industries where resources and resource management are crucial. The advantages of small and medium enteprises are: independence, self-actualization, profit-making, market flexibility, more efficient use of available resources, and innovation. Nevertheless, the paper analyzes potential disadvantages: lack of knowledge and expertise of smal and medium enterprises, lack of managerial skills, risk of closing down the company, long working hours and hard work, uncertainty of income, high level of stress and total responsibility. The reasons for starting a business through small and medium enterprises can be analyzed as: push and pull motives. Pull motives exist when individuals are motivated by specific ideas they want to implement when starting a business. Pull motives include: desire for independence, desire to use the identified market opportunity, turning hobbies or previous work experience into business and financial incentives. On the other hand, a large number of individuals decide to establish a new company out of necessity, due to the push motives such as dismissal, job insecurity, disagreement with the previous employer, etc. Based on the advantages and disadvantages of small and medium enteprises and reasons and motives for starting the business, the paper points to the importance of SMEs in modern economy.
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Meil, Pamela, and Hal Salzman. "Technological entrepreneurship in India." Journal of Entrepreneurship in Emerging Economies 9, no. 1 (2017): 65–84. http://dx.doi.org/10.1108/jeee-08-2015-0044.
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Purpose Is the rise of the Indian software industry simply another Asian state-dominated industrial growth story or is India distinctive, an economy where small technology entrepreneurs also find niches for development and can be drivers of innovation? Research has focused on the large integrated Indian and international service providers. This study examines the opportunity for growth among smaller innovative technology entrepreneurial firms. Two areas of inquiry are: What factors have been responsible for spurring growth in the Indian IT industry? What type of work is being carried out at Indian firms and is this profile changing? This paper aims to examine the emergence of technology entrepreneurs, particularly in terms of their links to multinational firms and their role and position in global value chains. The paper takes a multi-level approach to understanding development trajectories in the IT sector in India: a global value chain approach to the extent that company processes are seen in their larger networked context across organizations and an institutional approach in terms of state policies that influence the creation of infrastructure that, in turn, shapes organizational development trajectories. Additionally, it examines the role of the various actors within IT sector organizations – the workers, the managers and, in the case of the small companies in our sample, the owners – on the outcome of growth trajectories in the Indian IT sector. We find that the various levels of change and policy all contribute to the outcome in company trajectories: the dominance of multinational enterprises on the market, the entrepreneurial vision and survival strategies of returned technology expatriates, and the changing policies of the government in promoting indigenous business. Design/methodology/approach Qualitative research interviews; comparative case study; literature review; multi-tier analysis. Findings The technology entrepreneurial development in India appears to represent quite a distinctive path in terms of both firm development and broader economic development. It is focused on the IT sector, in which high skill “knowledge work” is carried out and which has been able to develop despite lack of basic infrastructure (roads and reliable electricity). Research limitations/implications After the opening up of the business environment to large Western multinational enterprises (MNEs), it was difficult for indigenous Indian entrepreneurs to compete in innovative product development markets. Developing such companies depended on individual risk taking, as no specific infrastructure existed for niche production. However, the knowledge base and innovation clusters did offer opportunities for obtaining contracts. The Indian entrepreneurs did have to make a lot of compromises about defining their business and the tasks they could undertake. More research is needed on the paths and development opportunities for these smaller Indian-owned firms. Practical implications Unique opportunities are emergent and defy easy policy prescriptions, other than precluding change that does not foreclose emergent possibilities (e.g. such as strong state controlled business development). Social implications Indian-owned innovative companies, although having difficulties competing with large Indian and Western MNEs, do put pressure on these MNEs to move work up the value chain, thereby providing more interesting and challenging opportunities for Indian knowledge workers. Originality/value This paper provides a unique company-level perspective about entrepreneurialism in the Indian software sector from the perspective of different actors in the process. It then links this company-level perspective to a larger context both in terms of trajectories of development at the macro level, as well as the role that the company’s place in multinational value chains has in its development perspectives. It gives a special insight into the motivations and obstacles facing entrepreneurs in India’s dynamic software sector.
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Mendez, Ruben, and Amparo Meythaler. "Product Design and Innovation: Manufacturing SMEs in Santiago de Chile." Strategic Design Research Journal 15, no. 1 (2022): 3–12. http://dx.doi.org/10.4013/sdrj.2021.151.02.
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This descriptive review paper has been developed from an interdisciplinary approach. It focuses on the essence of the contribution and impact of design in permanent collaboration with economic science, both in its theoretical conception and application in the company. The authors whose works were revised for this paper, declare design as a project activity from areas such as entrepreneurship, creativity and innovation, which are essential for the change of the productive matrix, taking Chile as a study reference. It is concluded that design is a projective discipline that manages creative processes within the company in order to introduce concepts of innovation that directly affect the product, and from there to develop strategic content in SMEs that facilitate the work of the entrepreneur in guiding added-value processes that generate opportunities for expansion and growth in the market.
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Veni, J. "Role of Startups in Entrepreneurship Development (Agri Based Sector)." Shanlax International Journal of Management 11, iS1-Jan (2024): 94–99. http://dx.doi.org/10.34293/management.v11iis1-jan.7146.
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An entrepreneurial mentality drives a thriving economy. Entrepreneurship improves quality of life, access to goods and services, and economic progress. Many company entrepreneurs improve their life and those of others by fighting poverty or creating eco-friendly products. Entrepreneurship is thought to boost economic growth by fostering innovation, market expansion, change, and wealth creation. Entrepreneurs are essential for inventing new products, ideas, and solutions. Innovative supply chain management, precision farming, and market connection solutions are coming from agritech firms. These changes may boost farmers’ income, expenditure, and productivity. Company expansion and riches boost tiny towns and hamlets. The cycle continues endlessly because growth and money inspire additional businesses, which boost growth and money. Startups help people support their families by providing jobs. Startups alleviate unemployment by creating new jobs. Jobs like this, which take a lot of education and expertise yet pay well, build the middle class. Technology and economic growth are rising.
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Gawel, Aleksandra, and Timo Toikko. "Entrepreneurial processes in new company creation." Journal of Enterprising Communities: People and Places in the Global Economy 8, no. 3 (2014): 198–216. http://dx.doi.org/10.1108/jec-09-2012-0050.
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Purpose – This paper aims to verify the positive impact of legislative changes aimed at decontrolling the market on the entrepreneurial process of new companies’ creation. The entrepreneurial process has been analysed in the context of innovation, risk and market opportunities, which represent the three main approaches to entrepreneurship theories. The analysis is focussed on the social service sector in Finland. Design/methodology/approach – The study is based on an ex post facto research design. The data are based on official statistics and the data bank of legislation. The case of Finland is used as an example for explaining the determinants of new company creation. Findings – Legislative changes aimed at decontrolling the market seem to have a positive impact on the entrepreneurial process of new company creation. This influence is manifested in the form of market opportunities, risk bearing and the introduction of innovation. Of these three factors influencing the start-up process, the opportunities for market exploitation seem to have the greatest impact. In the Finnish social service sector, entrepreneurial opportunities are based on changes in the political structures that influence the market conditions. Entrepreneurs have also contributed to the opportunities by being active and innovative in filling any new gap in the market structures. Practical implications – These results might be useful in the debate on policies supporting entrepreneurship. The example of the Finnish social service sector indicates that political changes in market regulations are a very effective method of supporting the process of entrepreneurship. Originality/value – The paper is among the first to analyse both legislative changes and market changes affecting the entrepreneurial process, which indicates that the research is comprehensive. Second, legislative political actions to decontrol the market are a starting point in the discussion on the determinants of the entrepreneurial process. Third, the contribution of legislative changes in terms of market opportunities, innovation and risk bearing as avenues of influence on the entrepreneurial process is analysed.
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Kabilan, Shanmugampillai Jeyarajaguru. "A Problem-Based Learning (PBL) Approach in Effective Implementation of Innovation and Entrepreneurship Education for Engineering Undergraduates." Journal of Engineering Education Transformations 38, is1 (2024): 120–26. https://doi.org/10.16920/jeet/2024/v38is1/24220.
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Abstract—In the 21st century, innovation and entrepreneurship are major forces behind social advancement, economic expansion, and environmental sustainability. Problem Based Learning (PBL), is a type of student-centered learning where learning occurs in a context-specific manner, students actively participate in the process and they accomplish their objectives through social interactions. The purpose of this study is to investigate how entrepreneurship and innovation education in a course developed under the PBL model might foster the entrepreneurial spirit in engineering students. The students were required to work in groups and finish tasks that took the shape of challenges in order to represent actual issues that an entrepreneur would face. Multiple assessment patterns such as class activity participation, case study analysis, Ideathon or Hackathon participation, business model canvas and value proposition canvas presentation, pitch deck participation, company formation, patent filing, funding proposal submission were part of the course evaluation. Evaluation rubrics were framed for each assessment pattern planned in this study to grade the students. The entire student groups completed case study analysis, participated in ideathon and hackathon, designed their business model canvas and formulated a business plan based on their product which was presented in the pitch deck. The quantitative survey feedback and qualitative testimonies received from students, point to PBL's prospective strengths and its ability to help people become better entrepreneurs. The results make it abundantly evident that the exercises created for this study can be repeated in any interdisciplinary classroom setting. Keywords—Innovation, Entrepreneurship, PBL, Engineering. JEET Category—Research
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Ghura, Amarpreet Singh, Alex DeNoble, and Raúl Martínez Flores. "Prodensa Consulting Services: in search of corporate entrepreneurs." Emerald Emerging Markets Case Studies 12, no. 4 (2022): 1–23. http://dx.doi.org/10.1108/eemcs-06-2022-0207.
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Learning outcomes Discussion of the case will enable students to: explain what are the five specific dimensions that are important determinants of an environment conducive to entrepreneurial behavior; analyze how to measure the internal environment on the five dimensions critical to creating an entrepreneurial/innovative environment; devise a profile of the firm across the five dimensions – top management support, work discretion, rewards and reinforcement, time availability and organizational boundaries; explain how to attempt to identify the perceived gaps at the unit or division level and then work to rectify the specific areas; and describe models of corporate entrepreneurship. Case overview/synopsis Mexicali is a border city in the state of Baja California, Mexico. It was in the month of May 2022. The President of Prodensa Consulting Services (PCS), Marco Kuljacha (Marco), was sitting in his office thinking about a way forward to create an intrapreneurial culture by identifying more “Marcos or Marcias” among his current PCS employees. As he contemplates the future of the company, he is hoping to identify individuals within the organization who exhibit an entrepreneurial mindset through generating and leading new business initiatives for PCS. He desires to support people who have the potential to emerge as future leaders within the organization. He is striving to identify those individuals who want to proactively develop their career trajectories in ways similar to Marco’s earlier professional experiences. After starting with Grupo Prodensa in 2006 as a Junior Project Manager, Marco, by pursuing an intrapreneurial path, worked his way up to become President of the PCS in 2022. According to Marco, such individuals should exhibit the willingness to foster opportunities for new business ventures for PCS and possess traits such as innovation, proactivity, risk-taking, accountability and networking. With an eye toward the need for continuous innovation and change, Marco was thinking about ways to identify and develop entrepreneurially minded individuals among his employees working at PCS. Corporate entrepreneurship was of great importance for him and the future of the company. The case provides an opportunity for students to step into the shoes of Marco and find an appropriate intrapreneurship model to implement the intrapreneurship culture. In doing so, students should take into consideration the data regarding the existing corporate entrepreneurship processes and teams at Grupo Prodensa that helped it to innovate and make assumptions to analyze the feasibility of implementing intrapreneurship culture by finding more Marco or Marcia. Complexity academic level This case can be used as an introductory case in a postgraduate class on corporate entrepreneurship, as it delineates the challenges faced by Marco in finding an appropriate intrapreneurship model and finding in PCS more Marco or Marcia has qualities such as innovator, proactive, risk-taker, accountability, networking, for implementing corporate entrepreneurship culture in PCS. The case can also be used in a corporate entrepreneurship course and an innovation management course. The case allows students to learn about the model of corporate entrepreneurship; strengths, opportunities, aspirations and results analysis; pros and cons analysis; and challenges faced by the company during the implementation of corporate entrepreneurship. Thus, the case can be used for covering multiple perspectives related to measuring the internal environment or managers’ perception of the five dimensions critical to implementing corporate entrepreneurship (e.g. the application of the Corporate Entrepreneurship Assessment Instrument), and is ideal for teaching the different corporate entrepreneurship models. Supplementary materials Teaching notes are available for educators only. Subject code CSS 3: Entrepreneurship.
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Schill, Ryan, Ronei Leonel, Frances Fabian, and David Frank Jorgensen. "Kuiki Credit: scaling innovation in a growing fintech startup." Emerald Emerging Markets Case Studies 12, no. 3 (2022): 1–20. http://dx.doi.org/10.1108/eemcs-08-2021-0248.
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Learning outcomes Following successful discussion of this case, students should be able to:▪ understand and apply the principles of effectuation;▪ understand the difficulty of obtaining traditional financing in Latin America;▪ determine the importance of matching new hire and company values, particularly in a small business; and▪ analyze some of the unique problems facing a business at the point of scaling up and provide suggestions for how the protagonist could address those problems. Case overview/synopsis This case provides an introduction to the Fintech industry in South and Central America, fruitfully combining tenets of the lean startup methodology, effectual principles of entrepreneurship and a novel method of managing personal finances via decentralized vehicles provided through fintech. In addition, Kuiki Credit and its use of fintech represent a compelling example of industry disruption by an entrepreneurial firm. Owing to its unique location, this case provides students with a lens into a part of the world rife with bureaucracy and, in some cases, corruption. The disruption is thus unique in that not only does one view traditional disruption of industry dynamics, but also government policy and cultural mores. This is evinced within the body of the case through direct quotes from founder Ernesto Leal and Eduardo Morán, one of the company’s first employees. This information highlights the market Kuiki Credit pursued, one underserved by traditional financing and thus lacking access to credit.Consistent with effectual entrepreneurship principles, Ernesto Leal, the main protagonist and a Nicaraguan entrepreneur, drew upon his significant corporate experience in financial institutions and as a franchise owner to create a new venture. Kuiki Credit is designed to increase access to capital and disseminate fintech throughout Central and South America, and in particular first in Costa Rica and later in Nicaragua. The case is set in 2018, when Leal faces a scaling issue. Specifically, he wonders how to maintain an entrepreneurial company with high levels of innovation and a culture of continuous improvement despite the need to grow. Near the end of the case, some specific issues relative to culture are briefly reviewed in relation to the sales department and Leal feeling the need to restructure the company, while being encouraged by the board to hit breakeven targets for three consecutive months prior to expanding to new markets. Complexity academic level This case most appropriately lends itself to discussions in entrepreneurship at the junior or senior undergraduate level. To engage in this case most productively, students should have a basic understanding of entrepreneurship, the equivalent of two to three weeks into the semester. Supplementary materials Teaching notes are available for educators only. Subject code CSS:3: Entrepreneurship.
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Addae-Boateng, Samuel, and Smile Gavua Dzisi. "Innovation enhancement in family business SMEs in Ghana." International Journal of Innovation Science 8, no. 4 (2016): 388–403. http://dx.doi.org/10.1108/ijis-07-2016-0014.
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Purpose Family businesses are essential for economic growth and development through new business start-ups (entrepreneurship) and growth of existing ones. As competition is fierce, the ability of a company to buoy up its business practices and exceed its own – and its competition’s – expectations through innovation – is critical to survival. In managing family businesses (mostly small and medium-sized enterprises [SMEs]) in the current globally competitive landscape, entrepreneurs must be creative and behave in ways that galvanize workers to be innovative. This study attempts to ascertain the strategies management adopt to heighten innovation in family businesses. Design/methodology/approach Both qualitative and quantitative techniques were used for gathering and analysing data based upon which conclusions were drawn. Findings The study revealed that seven factors should be assessed by SMEs that are family firms to determine the innovative ideas that are promising to be pursued, which are the uniqueness of the idea, its market potential, cost, expert advice, the impact of both current and future environmental forces, availability of raw materials and supplies and the idea’s future appeal. Originality/value This is perhaps the first detailed study of strategies that could be adopted by entrepreneurs and/or managers to heighten innovation in small and medium family firms, which also points out the factors/criteria used to determine which initiatives have higher chances of success – hence deserving to be pursued.
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Puri, Roma, and Amit Kumar. "Innoz Technologies: the powerhouse of innovation." Emerald Emerging Markets Case Studies 5, no. 1 (2015): 1–13. http://dx.doi.org/10.1108/eemcs-09-2014-0207.
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Subject area Entrepreneurship, innovation, marketing and strategy. Study level/applicability Master's, postgraduate and executive level programs. Case overview Deepak Ravindran, an engineering student at LBS College, Kerala, India, was attempting to launch Innoz. The company flagship product SMSGyan will allow users to access information on low-end mobile devices with no Internet connectivity. With the improvement in the Internet standards and rapidly growing smartphone users, selling SMSGyan never came easy to Innoz. The case explores challenges faced during the transformation of a start-up into a profit-generating business. The case describes the dilemma faced by Deepak Ravindran and key role players of Innoz to sustain in business in the scenario of dynamic technologies. Should they re-innovate the technology that was limited for low-end mobile users? Innoz being at the bottom of the pyramid innovation is the key competitive advantage. Low-cost or niche market or differentiation connects this case to the basic business strategy concepts. Through this case, students learn about many practical issues related to technology development in the global competitive environment. They are also exposed to broader trends and facets of start-ups and globalization. The Innoz case is designed to stimulate discussion of broad array of issues encountered by the early start-ups. In particular, it deals with introducing innovation and entrepreneurship skills leading to social change. Expected learning outcomes To identify new business opportunities for non-Internet mobile users. To explore various possibilities of application services for low-end mobile users. Evaluate the advantages and liabilities of expanding globally at a very early start-up stage. The case focuses on Innoz's early development with only concept in hand and transforming it into a profit-generating business. To develop and give exposure to entrepreneurship skill set in students. To understand learning and strategies behind setting up of start-ups and the motivating self-driven skills. Discussion on innovative use of technology as a stream of business. Silicon valley culture adaptation into Indian context. To highlight use of mobile technology for teaching and learning. To showcase how entrepreneur skill in business can lead to social transformation. Supplementary materials Teaching Notes are available for educators only. Please contact your library to gain login details or email support@emeraldinsight.com to request teaching notes.
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Lynskey, Michael J. "The Locus of Corporate Entrepreneurship: Kirin Brewery's Diversification into Biopharmaceuticals." Business History Review 80, no. 4 (2006): 689–723. http://dx.doi.org/10.2307/25097266.
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The Kirin Brewery Company is a large, long-established, and successful firm in a traditional, “old economy” sector in Japan. Nevertheless, in the early 1980s it entered the “new economy” business of biopharmaceuticals, based on advances in scientific techniques at the time and prospects for the bio-technology industry in the future. This essay explains why Kirin entered this field and how it developed the necessary competences. The development of these new competences was in no small part owing to entrepreneurial alertness and opportunity recognition by individuals in various functions of the firm. As such, the case illustrates the presence in the large modern corporation of the individual entrepreneur, a figure whose existence and role is often downplayed or simply omitted in nominalist treatments of entrepreneurship, which depict innovation as a somewhat mechanistic endeavor, absent any element of entrepreneurial behavior.
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P., S. Aithal, and Aithal Shubhrajyotsna. "Super Innovation in Higher Education by Nurturing Business Leaders through Incubationship." International Journal of Applied Engineering and Management Letters (IJAEML) 7, no. 3 (2023): 142–67. https://doi.org/10.5281/zenodo.8338643.
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<strong>Purpose:</strong> <em>In the ever-evolving landscape of higher education (HE), the need for academic innovation has never been more apparent. As we stand on the threshold of a new era defined by rapid technological advancements, shifting economic paradigms, and global challenges, it becomes imperative to reimagine the way we prepare our students for the future. With the threat of AI based automation of jobs and hence tumbling employments, there is a greater demand to create entrepreneurs. In response to this demand, the concept of incubationship has emerged as a super-innovation with the potential to revolutionize higher education. Incubationship, a transformative process that guides students in identifying and nurturing their own business ideas to ultimately launch startups, represents a profound departure from conventional educational models. It signifies a fundamental shift in how we perceive the intersection of education, entrepreneurship, and innovation.</em> <strong>Concept:</strong> <em>This </em><em>paper </em><em>delves into the compelling need for incubationship, recognizing it as a pivotal solution that addresses the shortcomings of traditional higher education systems. By doing so, we aim to illuminate the extraordinary potential it holds for students, universities, and the global economy. Incubationship is not merely an educational method; it is a dynamic catalyst poised to shape a new generation of forward-thinking, problem-solving, and self-reliant individuals who will navigate and contribute to a world that is more dynamic, interconnected, and complex than ever before. In this exploration, we shall uncover how incubationship's innovative approach meets the demands of our evolving society and why it is an indispensable component of the future of higher education.</em> <strong>Methodology: </strong><em>This is conceptual research and makes use our own idea and development of the idea as a conceptual model by using the information obtained from various sources like scholarly articles, AI-based GPTs at various stages of this systematic incubationship model development. </em> <strong>Results/Analysis: </strong><em>The paper analyses and evaluates the new model of experiential learning called “incubationship” to create an entrepreneur at higher education level by applying various higher-level research skills including design, analysis, comparison, evaluation, interpretation, and creation of new ideas.</em> <strong>Originality/Value:</strong> <em>The paper suggested a super-innovation in HE by proposing a new model to create innovative entrepreneurs through a semester-long project called incubationship to nurture the business leaders to start their own businesses in the form of a startup company. </em> <strong>Type of Research:</strong> <em>Conceptual research.</em>
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Supriyadi, Edy, Iha Haryani Hatta, and Darmansyah Darmansyah. "Analysis of Dominant Factors in Improving Performance of Small Medium Industry in the Field Marine and Fishing Processing." International Journal of Research in Business and Social Science (2147-4478) 6, no. 6 (2017): 42–51. http://dx.doi.org/10.20525/ijrbs.v6i6.830.
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The existence of global market resulted in the increasing number of business actors, especially Small and Medium Enterprises (SMEs). Currently SMEs are experiencing increasingly fierce market competition. Even the competition is in an increasingly complex condition. Faced with this condition, SMEs are required to have the ability to survive and improve its performance. The population of this research is the perpetrators of SMEs in the field of fishery and marine processing business in Lontar Village, Banten Province. The sample are participant of 46 SME actors. Technical sampling is purposive sampling. The data in this study is the primary data collected through questionnaires. The result are (1)Competence leader (KOM) has a positive influence on business performance variables (KIN) with a significant value of 0.070 at a significance level of 0.10.(2). Innovation (INO) has a positive influence on business performance variables (KIN) with a 0.000 significance level at a significant level of 0.05.(3). Entrepreneurship (WIRA) has a positive influence on business performance variables (KIN) with a synergy value of 0.00 at a significant level of 0.05.(4). Investment (INV) has no effect on business performance with significance of 0.223.(5). The moderator variables of entrepreneurs have an influence in contributing to the leadership competence of performance. With a significant value of 0.032.(6). The moderator variables of entrepreneurs have an influence in contributing to innovation on the performance of Entrepreneurship, with a significant value of 0.000 at the 0.05 level (7). The moderator variables of the entrepreneur have no influence in contributing to investment on the performance of the company. with a significant value of 0.060 at the 005 level.
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Liu, Xiaohu, Han Li, and Hong Li. "Analyzing Relationship between Financing Constraints, Entrepreneurship, and Agricultural Company Using AI-Based Decision Support System." Scientific Programming 2022 (January 6, 2022): 1–9. http://dx.doi.org/10.1155/2022/1634677.
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Decision support technology has become a key link in modern information strategy. With the deepening of research, introduced expert systems have been introduced into decision support systems. In this way, decision support systems gradually become more uncertain and capable of handling uncertainties. The development direction of decision support system is typically based on qualitative analysis. Intelligent decision support system is a system that combines decision support system with artificial intelligence technology. This study attempts to assess in an innovative way the relationship between financing constraints, entrepreneurship, and agricultural firms. The most recently proposed intelligent decision support system, AI-assisted Intelligent Decision Support System (AIIDSS), is used to predict the impact of entrepreneurship on corporate performance. The paper constructs an entrepreneurship index from five aspects: innovation, competitiveness, human capital accumulation, management capability, and adventurous spirit. The method intends to construct the Kaplan–Zingales (KZ) index to evaluate financing constraints. Through an empirical study, it was found that entrepreneurship can significantly promote the growth of listed agricultural companies. The study can drastically reduce the difficulties involved in financing constraints normally faced by agricultural companies. The impact paths include increasing agricultural company operating cash flow, improving stock liquidity, and increasing debt financing. The research suggests that if listed agricultural companies are to improve financing constraints, entrepreneurs must improve their own competitiveness and management capabilities. This will help in reasonably controlling research and development investment besides the impulse to take risks. As the growth of an enterprise relies on considering the determinants of financing constraints, this research provides an effective investigation technique. Moreover, the findings of the study will help entrepreneurs, particularly agricultural companies, to bear most of the risks and to avail most of the opportunities.
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FADJARENIE, Rien Agustin, Dedi PERMANA, Kusno WARSITO, Khosaini Bin RACHMAD, and Putri RENALITA. "ENHANCING PRODUCT LAUNCH SUCCESS AMONG INDONESIAN SME IMMIGRANTS IN PENANG: A COMMUNITY-BASED APPROACH." ICCD 6, no. 1 (2024): 632–37. http://dx.doi.org/10.33068/iccd.v6i1.795.
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Accounting is vital for novice entrepreneurs, given the many roles they must undertake during business growth. Competence in accounting allows entrepreneurs to evaluate company performance, identify which aspects are thriving and worth investing in, and pinpoint areas that require improvement or are unprofitable. This community engagement program aims to educate small and medium-sized entrepreneurs, particularly Indonesian immigrants affiliated with the Indonesian Community Organization (PERMAI) in Pulau Pinang, Malaysia, on specific aspects of decision- making in Management Accounting. Understanding these aspects is essential for the sustainability of businesses and serves as a crucial strategic tool, enabling small business entrepreneurs to make real-time projections and predictions. The program contributes to developing decision-making skills in creating innovative products through knowledge of CVP analysis. We use case studies to discuss the implementation of CVP Analysis. Implementing the "Cost Volume Profit Analysis: Building Innovative Products" program is expected to yield tangible outcomes, including the emergence of new innovative products, job creation, and local business growth. Furthermore, by fostering collaboration and knowledge-sharing, it aims to build an ecosystem supportive of entrepreneurship and innovation in Penang, ultimately contributing to the region's sustainable development. In conclusion, this program positively impacts the development of SME entrepreneurs' financial decision-making skills.
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Noureddine, Chebbi. "Philosophy and entrepreneurship education." international Jordanian journal for humanities and social since 2, no. 2 (2020): 106–27. https://doi.org/10.5281/zenodo.4635931.
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<strong><em>Abstract</em></strong> As the field of entrepreneurship is one of the areas that require to acquire a variety of skills related to innovation and Management, the education of entrepreneurship, and the establishment of entrepreneurial culture, require the development of the interdisciplinary studies on the question of entrepreneurship. The formation of the entrepreneur is attended by specialists in diverse fields such as economics, management, political science, sociology, psychology and history. But there is a weak attention, especially in Arab societies, to the expected role of philosophy, despite the contribution it can achieve in this area. Therefore, this research presents the justifications that explain the need to use philosophy in entrepreneurship education: First, philosophy serves to define the meaning of entrepreneurial action as a concept. Secondly, philosophy helps to determine the ethical norms of entrepreneurial action (should companies create their own ethical charter or should the ethical charter be left to the market? Do corporations have social responsibility? What are the major ethical principles by which a company's ethical conduct can be explained?). Reducing the goals of engaging in entrepreneurship in what is profitable has serious social and ethical implications that can be reduced by awareness, and by philosophically rethinking the theoretical foundations of the concept of entrepreneurship, and the role of philosophy of education in assigning this concept to values that give it a social and moral human meaning. Thirdly, philosophy can help give the entrepreneur a flexible thinking, a diversification of perspectives in approaching issues, and the ability to think critically. The researcher reached a set of results concerning the philosophical issues proposed to be included in the methods of entrepreneurship education, such as ethics of entrepreneurship, political philosophy in entrepreneurship (entrepreneurship between freedom an obedience to the law), and the ontology of entrepreneurship (self-realization - entrepreneurial will - the importance of entrepreneurial work - responsibility ...). <strong><em>Key concepts</em></strong>: education - entrepreneurship - philosophy - philosophy of education - values.
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Kuatbekova, R. N., A. B. Mukhamedkhanova, D. M. Karimov, and V. N. Seitova. "Improving the strategic competitiveness of entrepreneurial structures in meat production." Bulletin of "Turan" University, no. 4 (December 18, 2024): 144–59. https://doi.org/10.46914/1562-2959-2024-1-4-144-159.
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The article analyzes the innovative activities introduced into their production to increase the competitiveness of meat business structures in Kazakhstan. The production of new innovative products based on innovative cooperation and technological integration of entrepreneurial structures in meat production, increases the volume, quality and efficiency of their production. It has been established that Ordabasy Kus LLP, based on innovative entrepreneurship, is the first innovative enterprise in Kazakhstan applying a new approach to organization and management, focused on innovation, based on the constant search for new ideas and opportunities. In this business structure, it was possible to increase the competitiveness of products and enterprises by releasing new products, expanding the product range, trend, product and marketing innovations into their enterprises. Joint performance of the functions of entrepreneurial structures in the meat production of Kazakhstan: agricultural enterprises, production cooperatives, peasant (farmer) farms, individual entrepreneurs, personal subsidiary farms based on the creation of innovative production associations (cooperatives) based on cooperative relations is proposed by the author. Poultry farming company Ordabasy Kus LLP leads two strategic growth paths: 1) KSIP - creation of “innovative production” on the basis of “reverse strategic integration production” – the number of breeding stock focused on the production of breeding bird eggs; 2) AZIP - on the basis of “upcoming strategic vertical integration production” - intensive expanded reproduction for development purposes, it is proposed to create an “innovative production” for the cultivation of young chickens on replacement of the breeding stock.
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Santos, Roberto S., Sunny Li Sun, and Xiaoyi Luo. "invisaWear: evolving the entrepreneurial mind-set." CASE Journal 16, no. 4 (2020): 393–414. http://dx.doi.org/10.1108/tcj-12-2019-0126.
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Theoretical basis Why do some individuals become entrepreneurs while others do not? This fundamental question has vexed entrepreneurship scholars for some time, giving rise to various schools of thought. Traditional economic motivation theories, for example, suggest that entrepreneurial opportunities arise from changes in either supply (Shane, 2000) or demand (Dew et al., 2004) and emphasize personal economic gain as a motivator for pursuing entrepreneurship. Both neoclassical equilibrium and psychological theories take a person-centric perspective whereby stable, enduring differences among people’s characteristics, determines who becomes an entrepreneur. Opportunity recognition may be enhanced through perspective taking (i.e. putting oneself in the shoes of another person) (Prandelli et al., 2016). Research methodology The founders of the company provided us with access to the inner workings of the company, their mentors and advisors and themselves. This study used archival research and interviews when preparing this case. Interviews allow for the development of uncensored, real-life insights into the entrepreneur’s business experience. The authors first conducted a 90-min interview with Rajia and Ray at DifferenceMaker® Central on the UMass Lowell campus. DifferenceMaker® provided us with pictures and timelines from when Rajia and Ray participated in the various DifferenceMaker® activities and competitions. A follow-on 90-min interview was conducted with the founders four months later at the UMass Lowell Innovation Hub to delve deeper into their transition from engineers to entrepreneurs. Case overview/synopsis In the summer of 2016, the future of invisaWear suddenly became uncertain. Rajia Abdelaziz and Ray Hamilton had conceived an idea for smart jewelry that they felt solved a real problem. But it was one thing to have a great idea and quite another to turn that idea into a real business. As engineering students, they were accustomed to solving problems, but if they truly wanted to make an impact, they had to learn to solve problems as entrepreneurs. With the help of DifferenceMaker® and their mentors, they developed an entrepreneurial mind-set and decided to build invisaWear into a company. Complexity academic level This case is suitable for an undergraduate course in business or entrepreneurship. This case is intended to illustrate to both business and non-business students how individuals with different backgrounds can become entrepreneurs. Presented as a real-life example of how engineering students can make the transition to an entrepreneurial mind-set, the case can also be used to hone in on select topics including opportunity recognition, problem-solving, ideation and the business model canvas.
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Camacho-Miñano, María-del-Mar, and Cristina del Campo. "The role of creativity in entrepreneurship: an empirical study on business undergraduates." Education + Training 59, no. 7/8 (2017): 672–88. http://dx.doi.org/10.1108/et-08-2016-0132.
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Purpose The purpose of this paper is to analyse the creativity level of business administration undergraduates who have attended an entrepreneurship seminar in contrast to those that have not. Design/methodology/approach Using two samples of Spanish students, the factors that condition the creation of new start-ups are analysed. A survey following the creativity items from the Kirton Adaption-Innovation (KAI) inventory was employed for a start-up seminar students and a control sample. Non-parametric tests were carried out on the responses. Findings The results show that Spanish business students’ entrepreneurial intentions are not conditioned by entrepreneurial courses, parental self-employment or by their creativity level. However, there are differences in creativity level by genders for their future ability to start-up a company. Practical implications There are no external constraints on not being an entrepreneur, who plays a fundamental role in the future of a country and it is a way to reduce current youth unemployment rates. Social and educational implications are also presented. Originality/value The use of the KAI inventory as a proxy of creativity index is original in the research. Moreover, this study contributes to a better understanding of the factors in becoming an entrepreneur, through exposure to creativity, growing up around businesses and awareness of individual creativity index. Integration of university courses with entrepreneurship actions will be of interest to the society development.
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Kekkonen, Aleksandra, Renee Pesor, and Marge Täks. "Stepping towards the Green Transition: Challenges and Opportunities of Estonian Companies." Sustainability 15, no. 5 (2023): 4172. http://dx.doi.org/10.3390/su15054172.
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Addressing the sustainability crisis requires innovative approaches such as sustainable technological entrepreneurship. The case of Estonia, as an example of a twin (digital and green) transition, is examined. We explored Estonian entrepreneurs’ perceptions of challenges and opportunities related to the green transition. The data were collected via an online survey from 532 Estonian companies, focus groups, and individual semi-structured interviews with 42 experts. Survey data were analyzed using proportional odds logistic regression, and interview data were examined using thematic analysis. Based on the interview findings, the main perceived entrepreneurial opportunities related to green transitions were increasing production efficiency and favoring taxation for green products and services. The main challenges included losing competitive advantage, coping with crises, and the need for long-term planning and significant investments. Survey findings revealed that too much pressure only from politicians and a lack of innovation might increase the likelihood of perceived company cost increases. More pressure from other stakeholders and increased innovation were associated with higher odds of viewing the green transition as an opportunity. This study provides valuable insights into the perceptions of Estonian entrepreneurs regarding the challenges and opportunities of the green transition and contributes to their categorization.
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Carlos, E. Rodriguez M. "ENTREPRENEURSHIP IN THE SKIES: BUILDING A SCALABLE AND SUSTAINABLE AIRCRAFT MANAGEMENT BUSINESS IN THE MODERN AVIATION ERA." International Journal of Engineering Technology Research & Management (IJETRM) 08, no. 10 (2024): 22–29. https://doi.org/10.5281/zenodo.15498527.
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The aviation industry which is important for global connections, offers exciting chances for entrepreneurial work inaircraft management. The author explores what it takes to manage an aircraft company that can keep pace with newtechnological changes, rising environmental pressures and shifting needs in the aviation industry. With the increasein private aviation and ownership, firms that manage aircraft make sure owners enjoy efficient use and take care oftasks including maintenance, arranging crews and staying compliant with regulations. With digital systems in place,organizations can automatically run their operations, prevent future issues through predictive maintenance and makebetter decisions with data which helps them optimize what they have and expand available services. Making airlinesgreener is essential, so using SAF, making routes more fuel efficient and offsetting carbon emissions meet theexpectations of both consumers and regulators.The need today is to quickly adjust to large capital expenses, complicated laws and changes in the air travel marketby embracing opportunities from rising demand for private travel and innovations in electric or hybrid planetechnology. With a focus on innovation, partnerships and putting customers first, entrepreneurs can set up companiesthat are in tune with what’s happening in the industry. The success strategies discussed in this article are the use oftechnology, sustainability practices and strategies to distinguish the market and it identifies risks such as tougheconomic conditions and new environmental regulations. Case studies and insights about the industry demonstratehow innovative business leaders generate value in tough markets, focus on doing things well and prioritizeenvironmentally friendly actions. Overall, leading and managing an aircraft management company for the futuremeans merging vision, updated technologies and dedication to being sustainable, allowing entrepreneurs to do well inthe modern aviation industry.
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Mittal, Shweta, Vishal Gupta, and Manoj Motiani. "Qasab: Kutch Craftswomen’s Producer Co. Ltd." Asian Case Research Journal 22, no. 02 (2018): 255–77. http://dx.doi.org/10.1142/s0218927518500116.
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The ‘Qasab’ case is designed to teach students about the characteristics of social entrepreneurship and the impact it has on the society. It also describes how sustainable development and social innovation are interlinked. ‘Qasab’ was an organization whose main focus was to preserve the traditional art of the Kutch region. The case describes the genesis and the journey of ‘Qasab,’ how it preserved the traditional art forms, and the personality traits of Pankaj Shah (the social entrepreneur who started ‘Qasab’). The case talks about the problems faced by the artisans in the region, which led to the formation of this social venture. Also, it touches upon the HR challenges faced by a social entrepreneur. At the time this case was written, ‘Qasab’ had become a collective enterprise comprising 1,200 rural master craftswomen from 11 ethnic communities spread across 62 villages in the arid interiors of Kutch and has been formally structured and registered as a ‘Producer Company’ owned by traditional craftswomen. ‘Qasab’ included different communities such as — ‘Mutwa’, ‘Sodha Rajput’, ‘Jat-Daneta’, ‘Meghwal’, ‘Sindhi Memon’, ‘DhebariyaRabari’, ‘KacchiRabari’, ‘Ahir’, ‘Halepotra’, ‘Sumra,’‘Hingorja’ and ‘Pathan’ — that had distinct embroidery styles and emphasized maintaining these styles (since the embroideries were an integral part of their cultural identity) — to preserve their unique identities. ‘Qasab’ was known for its outstanding quality of authentic Kutch embroidery, appliqué and patchwork products, its hallmark being traditional motifs reflecting the cultural identity of each community in contemporary designs through items of premium quality. ‘Qasab’ had made artisans stakeholders in the organization and was able to preserve the distinct art of each community. The case is based on the theme of social entrepreneurship and analyzes the process of the emergence of such enterprises, their importance and the factors that lead to their success and sustainability. Students can assess how these organizations are different from other types of organizations. The case should help students to find the parameters that show that social innovation and sustainable development are interlinked. The case can be used to study the business model of social innovation.
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Ogundele, Sakiru, and Umar Haiyat Abdul Kohar. "EntrepreEntrepreneurship Knowledge, Challenges, and Sustainable Entrepreneurship Framework for Retirees: A Systematic Reviewneurship Knowledge, Challenges, and Sustainable Entrepreneurship Framework for Retirees: A Systematic Review." International Journal of Innovation and Business Strategy (IJIBS) 19, no. 2 (2024): 1–21. https://doi.org/10.11113/ijibs.v19.161.
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AbstractThis study conducts a comprehensive literature review to clarify knowledge dynamics, obstacles, and the need for a customized sustainable entrepreneurship framework for retirees in response to the notable increase in post-retirement engagement in entrepreneurship. Using the PRISMA procedure, 24 academic publications in the field of retirees and entrepreneurship were examined. Important conclusions highlight finance as the most common knowledge area and the biggest obstacle retirees encounter while pursuing company endeavours. Aside from taking risks and adapting to them, other essential knowledge areas include innovation, managerial proficiency, creative thinking, competitive analysis, and market insight. Retirees face obstacles beyond money, such as health issues, age-related biases, government regulations, disparities in technical proficiency, and risk comprehension. The study also explores five models and frameworks that are now in use for successful retiree entrepreneurship, pointing out elements like networking, cultural orientation, entrepreneur competency, resource prioritizing, awareness, and technical orientation. The study offers a new conceptual model by combining insights from these models and frameworks with the recognized knowledge areas. This model is a useful tool for retirees who are starting their own businesses or who are already in the process of starting one. It also adds to the body of knowledge in academia and has applications for educators and policymakers who want to encourage and promote entrepreneurship after retirement.
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Rajović, Jelena, Milivoje Jovanović, Nebojša Denić, and Ivana Bulut Bogdanovic. "ENGLISH LANGUAGE AS ONE OF THE KEY ENTREPRENEURIAL COMPETENCES." SCIENCE International Journal 3, no. 2 (2024): 127–31. http://dx.doi.org/10.35120/sciencej0302127r.
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Today, entrepreneurship is considered an imperative driver of economic development, productivity, innovation and employment. In the world we live in, which imposes increasingly difficult and demanding tasks on future generations, young entrepreneurs are required to possess various skills necessary for a successful career. One of those skills is good knowledge of the English language, as a prerequisite for successful business in an international level. It is a well-known fact that today the English language as a lingua franca opens up many opportunities in the business world, especially for people who possess appropriate language competences. It helps to overcome borders and therefore all those who are interested in bringing their visions to the world business scene must have a good command of the English language. Knowledge of the English language is a prerequisite for achieving business goals and successful entrepreneurship. This paper explores key aspects of educating young entrepreneurs, with an emphasis on the importance of the English language as a crucial entrepreneurial skill. Its aim is to highlight the significance of the English language in entrepreneurial activities and its importance for business success. It focuses on language skills specific to the entrepreneurial profession, necessary for successful communication in English in the field of entrepreneurship, both in written and oral form. In line with that, key language competencies that a successful entrepreneur must possess in order to achieve communication at an international level have been defined. The significance of the English language in the field of entrepreneurship surpasses mere necessity for performing specific tasks. It pertains to the overall reputation of the company and the ability of its employees to operate independently and confidently in the market. This particularly includes a greater willingness to take risks, significantly enhanced through strong language skills, contributing to the creation of a positive business environment. Language competency in a business environment encompasses the development of appropriate entrepreneurial and social skills, such as leading and participating in business meetings, negotiating, writing business letters (in electronic or written form), communicating with foreign partners and clients, and similar activities. All of these skills need to be practiced within the context of the English language, which is a necessary element in the education of entrepreneurs. An entrepreneur who is proficient in English, both in oral and written communication, avoids potential cultural and business barriers. It is essential to emphasize that language proficiency is acquired only through a continuous learning process that must be well-structured so that its application in entrepreneurship could be meaningful.
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Jercan, Emilia, and Teodora Nacu. "The Use of Information Technology in SMEs: Advantages and Main Challenges." Proceedings of the International Conference on Business Excellence 18, no. 1 (2024): 3465–75. http://dx.doi.org/10.2478/picbe-2024-0281.
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Abstract From the beginning of the 20th century, a lot of research has been conducted on how SMEs contribute to the development of innovative activities and vice versa, on how new technologies and innovation have the potential to influence small and medium-sized enterprises (SMEs). Nowadays, given the highly competitive and dynamic business environment, SMEs are constantly and actively trying to find ways to keep up with the latest developments, which is not always an easy task. Digital technologies and innovation in business administration and other related fields are key attributes that can be seen as essential elements in the field of entrepreneurship. Thus, digitization has become a crucial factor in the business world, and its impact on SMEs cannot be neglected. Nonetheless, company size, capital and resources seem to limit SMEs’ ability to adopt digital technologies. However, countless studies argue that a smaller firm size allows SMEs to be more flexible to change. Therefore, both digital progress and innovation have become highly relevant tools for businesses to improve their performance, reduce their costs and increase their efficiency, and are seen as key factors for competitiveness, development and economic growth. With this paper we understand how Romania, with its expanding economy and support for entrepreneurs, has the potential to be a relevant player in the digital economy, although its current ranking on the level of digitization and innovation is considerably lower than the EU average.
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Machín, Marta, and Carmen De Pablos Heredero. "Innovating and Entrepreneurial Initiatives: Some Cases of Success." Issues in Informing Science and Information Technology 14 (2017): 139–61. http://dx.doi.org/10.28945/3717.
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Aim/Purpose: To understand the change of entrepreneurial initiatives by analysing some new initiatives that came up the last years based on IT enabled business models Background: The theme is described from an educational perspective by offering examples of successful entrepreneurship initiatives Methodology: Description of some cases: Waynabox, Lock up, Uber, Pinterest Contribution: This project tries to become a guide for youth in order to understand various aspects: first, the entrepreneurial aspects that have to be considered before starting a business; secondly, the characteristics that successful businesses have in common; and finally how an entrepreneur can be innovative and how they can achieve the success Findings: Only the 10% of the start-ups exist more than three years. Among the causes of failure are the high saturation of the market and the market competition, which are connected to the ignorance of the real necessity of customers. The company has to identify the needs of customers. They have to define and target their customers by observing and analyzing the market and, above all, getting in touch with the customers. The business plan is something that has to be carried out before the beginning of the project, and has to exist on paper. Everything has to be planned and organised, and the objectives have to be clearly stated in order to stay focused Recommendations for Practitioners : To use existent business models as an inspiration for the creation of a new business model. It is really important to avoid copying the business model itself. One thing that a company needs to do is to make the difference offering new characteristics adapted to the current customer’s experiences Recommendation for Researchers: It is really important to have a good relation with the customer, to attend their needs and to help them with all the doubts that they can have about the company. An entrepreneur cannot be guided by his own interests. He has to invest in order to know the needs of the potential customers Impact on Society : Customer experience is key to have success in new business models
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Sousa, Darcon, and Roberto Veras de Oliveira. "O APOIO DO ESTADO AO EMPREENDEDORISMO INOVADOR: a experiência do Prime no Brasil." Revista Políticas Públicas 17, no. 2 (2014): 328. http://dx.doi.org/10.18764/2178-2865.v17n2p328-338.
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Este artigo analisa o Programa Primeira Empresa Inovadora (PRIME), política pública de apoio ao empreendedorismo, lança pelo governo brasileiro e operacionalizada por instituições previamente credenciadas para selecionar e acompanhar projetos de negócios inovadores. A pesquisa analisou os discursos, os processos e práticas desenvolvidos durante sua implementação, além de suas repercussões nos negócios dos empreendedores beneficiados. Em termos de procedimentosmetodológicos, adotamos a observação direta, a pesquisa documental e a entrevista.A pesquisa abrangeu a implementação do Prime no âmbito da coordenação realizada pelo Parque Tecnológico da Paraíba, localizado no município de Campina Grande. Os resultados da investigaçãodemonstraram que, apesar dos discursos intensamente mobilizados para legitimar o PRIME, a implementação do Programa foi marcada por tensões, conflitos, incongruências e rigidez, num contexto regional de pouco dinamismo econômico e empresarial, o que comprometeu a eficáciadessa política, criada para apoiar os negócios nascentes no Brasil.Palavras-chave: Estado; Desenvolvimento; Políticas Públicas; Empreendedorismo; InovaçãoTHE STATE SUPPORT TO INNOVATIVE ENTREPRENEURSHIP: the experience of Prime in BrazilAbstract: This paper reports on research on the First Innovative Company Program (PRIME), a public policy to support entrepreneurship, launched by the Brazilian government and operationalized by previously accredited institutions to select and monitor innovative business projects. Theresearch analyzed the speeches, the procedures and practices developed during implementation of the program, and its impact on business entrepreneurs benefit. In methodological procedures terms, we adopt the observation, interviews and document research. The research covered theimplementation of Prime in the scope of the coordination performed by the Technological Park of Paraíba, located in the city of Campina Grande. Research results showed that, despite the speeches intensely mobilized to legitimize the PRIME, the program implementation was marked by tensions, conflicts, inconsistencies and stiffness in the context of a region of little economic dynamism and enterprise, which compromised the effectiveness of this policy created to support the nascent business in Brazil.Keywords: State, Development, Public Policies, Entrepreneurship, Innovation.
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Namreen, Asif V. A., and Panakaje Niyaz. "Entrepreneurship to Private Limited Company: SLN Coffee Pvt. Ltd. Co's Success Story on Creating a Successful Brand Levista." International Journal of Case Studies in Business, IT, and Education (IJCSBE) 6, no. 2 (2023): 890–905. https://doi.org/10.5281/zenodo.7505807.
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<strong>Background/purpose: </strong><em>The context in which entrepreneurship in the cultural and creative industries (CCI) occurs was the focus of this study. The entrepreneur inspiration, which is a type of motivation that allows creative ideas to be transformed into creative products. The company SLN Coffee Pvt. Ltd. Co., which started with the acquisition of a coffee plantation and later entered the trade of green coffee beans before becoming a brand coffee business in 2004, has experienced rapid and steady growth. This success can be attributed to a variety of factors worth discussing.</em> <strong>Objective: </strong><em>To examine the development of SLN Coffee Pvt. Ltd. Co. and the factors that contributed to this growth into a brand.</em> <strong>Design/Methodology/Approach:</strong> <em>Information gathered from primary and secondary data is analyzed and presented. utilizing the SWOC framework, numerous scholarly articles, web articles, company websites, and interviewing techniques.</em> <strong>Findings/result: </strong><em>It has been found, findings of a study conducted using a variety of resources and the analysis of data, that competing in a market is a challenging endeavour that calls for the application of multiple methods and processes. creativity and innovation.</em> <strong>Research limitations/implications: </strong><em>The evaluation and solutions presented in this paper are only applicable to industries with a limited to similar business model, yearly revenue, and level of expertise to SLN Coffee Pvt. Ltd. Co. </em> <strong>Originality/value: </strong><em>This paper focuses on the various factors and scenarios that have enabled the SLN Coffee Pvt. Ltd. Co to grow and be labelled as a brand in the coffee industry.</em> <strong>Paper type:</strong> <em>A Research Case study paper on journey of SLN Coffee Pvt. Ltd. Co in becoming the successful coffee Brand in comprehensive coverage of the coffee Industry</em>.