World Journal of Entrepreneurship, Management and Sustainable Development

Lewrick, Michael; Omar, Maktoba; Raeside, Robert; Sailer, Klaus

2011 World Journal of Entrepreneurship, Management and Sustainable Development

doi: 10.1108/20425961201000001

Entrepreneurship and innovation education has derived from established university curriculum and the context is set of concepts and tools used in the corporate world. The challenge of transforming a startup company into a business success needs different capabilities. It goes beyond the development of an idea and writingup a comprehensive business plan. This study analysed over 200 technologydriven companies which have been created under the formal requirement of a business plan competition since 1996. The objective was to identify drivers for innovation and success. From the results, an agenda of entrepreneurial and innovation education was derived and is discussed.

ElKafafi, Siham; Liddle, Stephen

2011 World Journal of Entrepreneurship, Management and Sustainable Development

doi: 10.1108/20425961201000002

It is argued that as the planets conventional natural resources are consumed, it has a profound effect on society and the environment. In order to maintain current levels of lifestyle, help solve some of the developing nations problems and ultimately survive, the world will look more to technology and science for the answers and this will call for partnerships that deliver new approaches and sciencebased innovations Teresko, 2006. This research is a part of a bigger study investigating the determinants of innovation in the New Zealand biotechnology sector. This paper discusses business innovation in general and how it could contribute to sustainable development across several key areas like agriculture, biotechnology, consumer products, energy and life sciences. To provide a link between business innovation and sustainability, the research paper explores trends across the following concepts social expectations of innovation in the biotechnology field, innovations versus sustainability, sustainable agricultural biotechnology, and sustainable industry practices in the biotechnology field. Finally the paper provides some tentative ideas of the conditions required for business innovation to make a constructive contribution to sustainability.

Jin, Zhongqi; Navare, Jyoti

2011 World Journal of Entrepreneurship, Management and Sustainable Development

doi: 10.1108/20425961201000003

Adoptive innovation becomes increasingly important in todays competitive world. However, in the presence of current economic downturn, cautions are voiced against potential risks these innovative activities can bring to from firm to country level. Our research addresses such concerns. The research is drawn from two key streams of literature risk management and innovation management. We developed a conceptual framework that consists of three components risk behaviour, environmental conditions and adoptive innovative REAI. Applying the REAI framework, we examined the risk management efficacy of adoptive innovation activities of one organisation under a historical perspective. We conclude that although adopters have a high tolerance for managing uncertainty and appetite for risk taking in line with competitors, there are two key elements that deter mine the performance of such behaviour level of environmental turbulence and the role of senior management. It is the first time research determining the relationship between risk and adoptive innovative behaviour is being undertaken and will also provide direct guidance for managers regarding how to manage risk and uncertainty under different circumstances of their innovative practices.

Elangovan, D.; Sundararaj, G.; Devadasan, S.R.; Karuppuswamy, P.

2011 World Journal of Entrepreneurship, Management and Sustainable Development

doi: 10.1108/20425961201000004

Manufacturing organisations are expected to produce their products with prompt delivery using better supply chain activities. Starting from the procurement of raw materials to the delivery of final products, there are inevitable losses occurring due to major time delays in supply chain activities. Hence it is essential to study, understand and track these major time delays by developing futuristic supply chain risk management strategies. This paper reports a research which was conducted to meet this requirement. During this research, major time delays were investigated by conducting a questionnaire supported interview based survey in 15 manufacturing organisations. On analysing the responses, pilot strategies for achieving loss reduction have been proposed. The paper is concluded by pointed out the necessity for developing dynamic models for achieving loss reduction and continuous improvement.

Brahmasrene, Tantatape; Huang, JuiChi

2011 World Journal of Entrepreneurship, Management and Sustainable Development

doi: 10.1108/20425961201000005

A plethora of studies suggests the pricing decisions depend on product substitutability, costs, market structures, and the magnitude of exchange rate uncertainty in the international setting. Taking a departure from existing literature, this paper examines the average degree of exchange rate passthrough to the prices of export product under low to high exchange rate volatility. A panel data estimation method is performed using the annual US export data to 69 export destinations across 111 fourdigit Standard Industrial Classification SIC industries. An average zero or insignificant passthrough estimate for all industries in the high exchangeratefluctuation subsample confirms the hypothesis. In this period of high exchange risk, the possible high hedging engagements disconnect the relationship between exchange rate movements and export pricing.

Lee, JungWan; Tai, Simon W.

2011 World Journal of Entrepreneurship, Management and Sustainable Development

doi: 10.1108/20425961201000006

This study investigates motivators and inhibitors of entrepreneurship and small business development in the transitional economy of Kazakhstan in Central Asia. A qualitative research was used to obtain a macro view of developing entrepreneurship and small business in Kazakhstan. A focus group interview with entrepreneurs and small business owners was conducted during 2006. In general, factors that enhance entrepreneurship and small business development include encouraging social entrepreneurship, increasing credits availability, improving institutional environment and supports from international organisations. Selected policy and practical implications are identified, such as improving institutional development, creating supportive business environment, and promoting social entrepreneurship.

Helen Samujh, R.; ElKafafi, Siham

2011 World Journal of Entrepreneurship, Management and Sustainable Development

doi: 10.1108/20425961201000007

Purpose To ascertain small business SB managers perspectives on their educational and support needs for their managerial tool box. DesignMethodologyApproach Semistructured facetoface interviews were conducted in New Zealand, with 19 SB managers to ascertain their perspectives about business learning opportunities. Data analysis was conducted using thematic analysis. Findings Four skills for small business learning were identified basic daytoday management skills, coping time management and priority setting skills, psychological emotionalsocial skills and networking skills. Value of the paper A model with three phases and three parallel streams of learning was developed that has potential to enhance survival rates of SBs. Further, the psychological aspects of being a SB manager are highlighted. Research limitationsimplications Feelings and emotions may be more significant than capabilities. Practical implications The pedagogic practices should be accepting, affirming and confirming, to provide socialemotional and psychological support to SB managers.

Goncharuk, Anatoliy G.

2011 World Journal of Entrepreneurship, Management and Sustainable Development

doi: 10.1108/20425961201000008

This paper demonstrates how ways and means of effective development can be determined by analysis and benchmarking tools. It contains the results of efficiency study of Ukrainian tobacco companies, defining their key factors and growth potential to identify ways of improving the industry performance. A few key factors are examined for their impact on efficiency. Using analysis and international benchmarking the essential potential to reduce various inputs that provide considerable gain to the companies and enhance industry efficiency is determined. The recommendations that may be practicable for companies management, present and potential investors, proprietors and regulative public authority are made.

Ascensin Molina Huertas, Mara; Del Campo Gomis, Francisco J.; Bernardo Lpez Lluch, David; Mara Agull Torres, Asuncin

2011 World Journal of Entrepreneurship, Management and Sustainable Development

doi: 10.1108/20425961201000009

The aim of this article is to analyse the opinions and the differences among them of golf players, golf courses managers and the general population about the economic and social impact of golf courses in a tourist destination Alicante province, in Spain from the data collected in three surveys. Golf players and golf courses managers have a more positive opinion about this economic and social impact than the population in the province. This is due to the knowledge of the first group about golf industry benefits. Therefore, communication about these social and economic benefits of golf courses has to be increased with the population in the area in order to improve their opinion about them.

Al Quran, Marwan N.

2011 World Journal of Entrepreneurship, Management and Sustainable Development

doi: 10.1108/20425961201000010

This study looks at drivers of internationalisation and the important location decision factors contributed to the selection of a beneficial country for international expansion. One indepth and informationrich case study of the Arabian premium international professional service firms was purposively undertaken. The results show that both firm and locationspecific factors, firms competitive advantage, companys management attitudes and profit growth were the main drivers of internationalisation. Further, the study reveals that the predevelopment of country qualitative and quantitative location factors was elemental to attain profitable foreign country choice. Accordingly, these findings have significant theoretical and practical implications to the internationalisation and foreign market entry of professional service firms.

Adegbite, Esther O.; Ayadi, Folorunso. S.

2011 World Journal of Entrepreneurship, Management and Sustainable Development

doi: 10.1108/20425961201000011

The study investigates the relationship between foreign direct investment flows and economic growth in Nigeria. The study became necessary because as never before, the civilian governments since 1999 have employed several strategies to ensure increased flow of FDI into Nigeria because of its perceived benefits as lauded in the theoretical literature as the panacea for economic underdevelopment. The study utilized simple OLS regression analysis and conducted various econometrics tests on our model so as to obtain the best linear unbiased estimators. The study confirmed the beneficial role of FDI in growth. However, the role of FDI on growth could be limited by human capital. The study concluded that indeed, FDI promotes economic growth, and hence the need for more infrastructural development, ensuring sound macroeconomic environment as well as ensuring human capital development is essential to boosting FDI productivity and flow into the country.

Saleh Mohamad Ahmad, Nassr; Ramadan Mousa, Fathi

2011 World Journal of Entrepreneurship, Management and Sustainable Development

doi: 10.1108/20425961201000012

The practice of corporate environmental disclosure CED has been in existence for more than a decade now, rising to prominence as a result of the upsurge in environmental accounting in the 1990s. Ahmad 2004, by studying in the period of 19982001, found that there is no evidence of environmental disclosure either in term of its quantity or in term of its quality, especially if the health and safety category is excluded more than 5 years passed now. Some key changes happened in Libyan context such as establishment of Libyan Stock Market and issue of Libyan environmental law no, 15 of 2003. These changes may push CED in Libya steps forward. Thus, the objective of this study is to examine to what extent current CED practice in Libya has been improved. Content analysis is used in this study to investigate CED practices by all the 18 largest industrial companies quoted on Industrial and Mineralisation Secretary IMS in Libya. The results of this study reveal that CED in Libya, both in term of its quantity and quality, has been developed over the period between 2001 and 2007. Such development was explained in the shadow of reciprocal direct and indirect accountability model of industrial companies within the main central authorities especially, the relationship with IMS.