ACRN Journal of Entrepreneurship Perspectives
Vol. 1, Issue 2, Nov. 2012, ISSN 2224-9729
TABLE OF CONTENTS
THE ROLE OF LEADERSHIP IN SUSTAINABLE PUBLIC SECTOR PERFORMANCE OUTCOME
1 Adi Budiarso
2 Monir Mir
1-2 University of Canberra, Australia
Keywords: Leadership, Balanced Scorecard, Sustainable Performance Outcome
Abstract. Indonesian public sector has been implementing various reforms to enhance its accountability and transparency for performance outcomes since 1999. These reforms have similarities with the new public management style reforms introduced in many developed economies decades ago. One of the reform agendas is the implementation of the outcome-based strategic performance management. Three out of four pilot units for bureaucratic reform implemented balanced score card (BSC) as a holistic tool to achieve sustainable performance outcome. Literature in the private sector context provides evidence that leadership plays crucial roles in implementing successful changes within an organisation. However, there is a dearth of literature that explores the role of leadership in public sector especially in the context of developing countries. Drawing on transformational and strategic leadership frameworks in the midst of global finance volatility and the complexity of the public sector reform agenda, this study finds that leadership traits contributed substantially in implementing successfully the BSC framework in the Indonesian Ministry of Finance. The study also finds that the leader who was responsible for implementing the BSC had to come out from his traditional bureaucratic shells and better manage multifaceted stakeholders to achieve sustainable public sector performance outcomes.
CROSS-BORDER MERGERS & ACQUISITIONS BY EMERGING MARKET FIRMS: A REVIEW AND FUTURE DIRECTION
1 Min Du
2 Agyenim Boateng
1-2 Nottingham University Business School, University of Nottingham
Abstract. The purpose of this paper is to examine how academic research on cross-border mergers and acquisitions (CBM&As) from emerging economy firms (EEFs) have evolved over the past decade (2000-2012). Focusing on articles published in major scholarly journals during the period 2000-2012, the authors develop a framework in respect of the areas where emerging research streams have been concentrated namely, (i) motivation for acquisitions by EEFs; and (ii) the consequences/outcomes. We identified issues which have not been examined and provide recommendations for future research for finance and international business scholars.
ENTREPRENEURSHIP EDUCATION AND THE DEVELOPMENT OF YOUNG PEOPLE LIFE COMPETENCIES AND SKILLS
1 Laura Alvarez Marques
2 Cristina Albuquerque
1 Coordinator of a Training and (Social) Entrepreneurship Department, Lisboa, Portugal
2 University of Coimbra, Portugal
Keywords: entrepreneurship, education, life skills, teaching methodologies, competencies, young people, NFTE.
Abstract. Actually several studies and authors underline the importance of (early) entrepreneurship education to the creation of an entrepreneurial and innovative culture of social and economic change. This requires models of education more focused on preparing people for tomorrow’s labour markets and for a more unpredictable and complex society, as well as new policies especially target for this area. Assuming that entrepreneurship skills can be taught and that they should be considered as a general attitude, useful in all work activities and everyday life, the discussion about teaching goals and methodologies is very relevant. Thus, in our paper, we will reflect about the questions associated to this subject and illustrate our assumptions by presenting the main conclusions of a study developed in Europe in 2010. This research was about the contribution of entrepreneurship education in the development of life skills in young people from disadvantaged communities. Our aim was to study, in a comparative and qualitative approach, the goals, processes, recognised importance and teaching methodologies developed in the Network for Teaching Entrepreneurship (NFTE) in Belgium and Ireland (an international project born in the United States in the eighties).
STRATEGIC CHANGE AND LEVEL OF RESOURCES IN NEW VENTURES - BUILDING ON THE EVOLUTIONARY PERSPECTIVE
1 Eyal Benjamin
2 Eli Gimmon
1 Academic College of Tel Aviv Yafo
2 Tel-Hai Academic College, Israel
Abstract. This study applies the evolutionary perspective to strategic changes in new ventures which are subject to changes in business environment and high levels of uncertainty. In cases while incremental changes fail to generate anticipated performance radical changes in strategy take place. These quantum leaps, a phenomenon described in botany as Punctuated Equilibrium are different than the common incremental Darwinian model of new venture strategy formation. Punctuated Equilibrium was recognized in organizational behavior as well. Yet its mechanisms are still unclear. In analogy to recent explorations in botany, this research explores the relationships and effects of level of resources on radical strategic change (RSC) in high technology new ventures.
Keywords: strategy, new-ventures, entrepreneurship, radical changes in strategy, high-technology.
CASE REPORT: EAFIT SOCIAL 2012
1 Mario E. Vargas Sáenz, Director EAFIT Social, Universidad EAFIT, Medellín, Colombia
Entrepreneurship: “Collection Center for Integrated Solid Waste Management (MIRS” In the Municipality of San Andrés de Cuerquia)
THE IMPACT OF BUSINESS GROUP CHARACTERISTICS ON LOCATION CHOICE AND FIRM PERFORMANCE IN CHINA
1 Sui-Hua Yu, Department of Accounting, National Chung Hsing University, Taiwan, R.O.C.
Keywords: Business group characteristics, Location choice, Firm performance, Emerging market.
Abstract. This study examines how business group characteristics affect location choice and firm performance in the emerging market. Using data of 275 Taiwanese investments in China, this study finds that being affiliated with business groups does not necessarily help firms to create the competitive advantage in the host country. Instead, firms affiliated with business groups having higher technological capability and having greater network size are most likely to achieve superior performance. On the other hand, firms affiliated with business groups offering less technological support and fewer network resources will be more likely to cluster with peer firms from the same industry while entering a foreign market. The results provide critical insights on the relation between business group characteristics and location choice and enrich our understanding of the value of business group affiliation in emerging economies. Moreover, this study indicates that firms in the industrial clusters have different characteristics from those that are not clustered.
THE DIMENSIONS OF CORPORATE ENTREPRENEURSHIP AND THE PERFORMANCE OF ESTABLISHED ORGANIZATION
1 Sofian Shamsuddin
2 Jaizah Othman
3 Mohamad Asmady Shahadan
4 Zukarnain Zakaria
1-3 Faculty of Business Management, Universiti Teknologi MARA, Malaysia
4 International Business School, Universiti Teknologi Malaysia, Malaysia
Keywords: Corporate Entrepreneurship, Dimensions, Performance, Established Organizations, Malaysi
Abstract. Recently, the issues of corporate entrepreneurship have evoked interest not only from academics, but also from business practitioners and policy makers. This interest stems from the recognition of the advantage that can be gained from corporate entrepreneurship activities. This paper analyses the effect of corporate entrepreneurship (intrapreneurship) dimensions on the financial performance of intrapreneurship companies of established Malaysian state government-linked corporation namely, Jcorp Group, a Johor state government-linked corporation. In this paper, there are four dimensions of corporate entrepreneurship being studied; (1) pro-activeness, (2) risk-taking, (3) innovations and (4) self-renewal. In addition, this paper also explores the moderating effects of resource availability, supportive organizational structure, and rewards on the relationship between corporate entrepreneurship dimensions and company performance. The findings of this study show that pro-activeness has a positive and significant impact on financial performance of the company, and resource availability, supportive organizational structure and rewards do moderate the relationship between pro-activeness and financial performance. In contrast, we also found that risk-taking does not have a direct effect on financial performance of the company. However, resource availability, supportive organizational structure and rewards are shown to moderate the relationship between risk-taking and financial performance. Meanwhile, for innovation and self-renewal, we found that both are negatively related to financial performance. Further analysis shows that although all moderating factors were positively related with these two corporate entrepreneurship dimensions, but they are not significant.
FINANCIAL SUPPLY CHAIN MANAGEMENT – CHALLENGES AND OBSTACLES
1 Peter Kristofik
2 Jenny Kok, Sybren de Vries, Jenny van Sten-van’t Hoff
1 Faculty of Economics, Matej Bel University in Banska Bystrica, Slovakia
2 Rotterdam Business School, Netherlands
Keywords: working capital, financial supply chain, construction industry
Abstract. Financial supply chain is all about the movement of money along the chain. To optimize these financial processes, Financial Supply Chain Management (FSCM) helps companies looking from a more external point of view to the whole chain. This holistic approach is focusing on collaboration with other parties within the chain. The paper is aimed at finding differences in Working Capital Management (WCM) between Small and Medium sized Enterprises within the Dutch and Slovakian construction industry. Furthermore, the focus of the research is on finding a way a Small and Medium sized Enterprise can improve its WCM. A Case Study research method is used, because a rich understanding of the context of the research is gained. The primary data of this research is obtained via questionnaires whereas the secondary data is collected and gathered via databases. Research has shown that there are big differences in the way working capital is optimized between SMEs within the Dutch and Slovakian construction industry as well as opportunities for application of FSCM.