FEBRUARY 2016 ISSUE (VOL 17, NO 1)
71 Letter to the Editor: Work in the company of coffee
75 Book Review
- Rui Baptista and João Leitão, eds, Entrepreneurship, Human Capital, and Regional Development: Labor Network Flows, and Industry Growth
- (reviewed by Helena Alves)
Abstract: This study analyses the drivers and impact of cooperation with external partners in the new product development (NPD) of small technology-based firms (STBFs). The authors used a mixed- method research design, carrying out 49 semi-structured, face-to-face interviews with STBFs in Germany. For data analysis, inter-coder agreement, content analysis, descriptive categorizations and contingency tables using Bayesian probabilities were applied. The authors found that STBFs predominantly cooperated with universities, non-university research institutions or laboratories, other enterprises and public agencies. Resource shortages in NPD were frequent among the STBFs in the study and, when faced with such shortages, STBFs had a higher propensity to cooperate with external partners. More specifically, qualification deficits were the most prominent cooperation driver. Furthermore, cooperation with external partners had a positive influence on the innovation success of STBFs. Several theoretical and practical implications are presented.
Abstract: Does business planning have any impact on the performance of small and medium-sized enterprises (SMEs)? Despite numerous studies in management and entrepreneurship literature, the answer remains contested. The authors address this research question empirically by exploring the composite business planning comprehensiveness construct, reflecting the degree to which business planning practices are embraced in all domains of firm management. Employing a survey of SME owners in the USA and Canada (N = 568), they explore the performance outcomes of this construct. The results demonstrate that business planning comprehensiveness is positively associated with the operational and subjective performance of the firm, but not with its financial performance.
Abstract: This study offers insights into determinants of SME exporting according to the characteristics of exporting firms and their resources, thus contributing to a limited literature. The dataset comprised 4,838 respondents from a survey of the UK Federation of Small Businesses. The dependent variable used was two-category (‘do not export’ and ‘export’), allowing a binary logistic multiple regression approach to be used, with separate binomial (logit) regression equations generated for the complete sample and then for different firm age groupings, allowing relationships between exporting and each individual independent variable to be determined whilst holding all other independent variables in the equation constant. The results show that determinants of SME exporting include industry sector, age and the characteristics of the SME owner-manager, along with the firms’ available resources, including the human capital of the owner-manager, use of technology and intellectual property. While an innovation focus was consistently found to be positively linked to exporting, a growth focus was not. These results inform both practice and policy, as the exporting activity of SMEs remains closely linked to economic development policy.
Abstract: This paper examines how the orientation of local governments towards entrepreneurship influences the organization and adaptation of local entrepreneurship policy. Entrepreneurship policy has long been investigated; however, the organizational aspects of policy delivery efforts seem to have gone unnoticed. Adaptability and collaboration are two organizational factors that are central to the configuration of local entrepreneurship support systems. However, as hypothesized in this paper, the level of collaboration and adaptability depends on the entrepreneurship orientation of the local government. In contingency theory, strategy is a determinant of organizational structure, and the entrepreneurship orientation of governments is such a strategy. Based on a survey of 86 (out of 98) municipalities in Denmark, the paper concludes that the more positively oriented the local government is towards entrepreneurship in its policy making, the better the adaptability and collaboration in the entrepreneurship support system.
Abstract: The elevator pitch exercise is a staple of most university entrepreneurship programmes. The premise is that someone is in an elevator (lift) with a potential investor and has only the time of the ride to make a pitch and secure a follow-up appointment. In the most typical pitch format, students stand in front of judges and deliver a memorized one- to two-minute proposal. This empirical research examines the strength of a new format for the elevator pitch: the reception format. Data collected from this new format are compared to the traditional one to establish the superiority of the reception format.
Abstract: This case study focuses on strategic thinking and opportunistic approaches to business growth and diversification. It begins by examining the recent purchase of ‘Quickcover’, a remote- controlled sports pitch covering system, by engineering company Strategic Engineering Services and the company’s current dilemma – whether to continue to develop this type of product, or sell it and concentrate on its existing engineering services business. In recent years, Strategic Engineering Services has moved away from traditional heavy engineering and diversified into related areas such as engineering services, oil and gas industry recruitment, plant and equipment hire, instrument calibration and project management. The case considers the relationship between strategic thinking and entrepreneurial approaches to opportunity recognition, exploring the concept of intelligent opportunism as an approach that enables entrepreneurs to develop emergent strategies and take advantage of new opportunities. It explores these concepts in the context of the current dilemma of Strategic Engineering Services.
Abstract: ‘Internet Review’ provides critical commentaries on Web-based information on entrepreneurship, small business and innovation.