{"title":"A qualitative investigation of factors influencing successful reward-based crowdfunding campaigns in the UK and China","authors":"Yilin Hou, R. Phillips","doi":"10.1080/26437015.2021.1943054","DOIUrl":"https://doi.org/10.1080/26437015.2021.1943054","url":null,"abstract":"ABSTRACT Crowdfunding is a means of accessing funding for a new project in exchange for equity, interest payments, or nonmonetary rewards that can be physical or digital. It is different from traditional funding in the sense that it relies on large numbers of people investing small sums of money, making it less risky for individual investors, rather than a large sum from a venture capitalist. We interviewed project founders in the United Kingdom and China and the similarities and differences between successful reward-model campaigns were analyzed. It was found that, while there are several similarities, there were some interesting differences. For example, Chinese founders hired click farmers to push their project up the rankings on the crowdfunding site, used certain colors that had cultural significance in their pitch, and a heavily discounted preorder was suggested as the best way of enticing a relatively risk-averse crowd. This article should help those project founders who are considering a crowdfunding campaign in either country to maximize their chances of success.","PeriodicalId":246224,"journal":{"name":"Journal of the International Council for Small Business","volume":"189 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-12-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115600419","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Entrepreneurship learning through a collaborative approach to student practical placement / internship","authors":"R. Neeson, Leo Billington","doi":"10.1080/26437015.2021.1965504","DOIUrl":"https://doi.org/10.1080/26437015.2021.1965504","url":null,"abstract":"ABSTRACT What is the value of a short-term, part-time, business-related student placement program (SPP) that uses a collaborative engagement approach as well as the application of the Gibbs reflective cycle from the students’ perspective? What are the benefits and limitations of participating in a SPP or internship from the small business owner/entrepreneur’s perspective? Our research studied 44 business students from Holmesglen Institute, and 74 small business owners/entrepreneurs. It found that Holmesglen Institute’s distinctive collaborative approach to its business SPP and students’ critical reflections result in benefits to both entrepreneurs and students. It can prepare students for their placement and assist in their career and entrepreneurial journey. This article extends the existing knowledge on the value and issues related to SPP or internship programs from the small business owner/entrepreneur’s perspective, and how current and future entrepreneurs learn.","PeriodicalId":246224,"journal":{"name":"Journal of the International Council for Small Business","volume":"218 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-12-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131539813","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Ayman El tarabishy, Won-Sik Hwang, John Laurence Enriquez, Ki-Chan Kim
{"title":"The empirical performance of humane entrepreneurship","authors":"Ayman El tarabishy, Won-Sik Hwang, John Laurence Enriquez, Ki-Chan Kim","doi":"10.1080/26437015.2021.1940374","DOIUrl":"https://doi.org/10.1080/26437015.2021.1940374","url":null,"abstract":"ABSTRACT Employing a theoretical framework to answer the issues faced by SMEs, this article uses new models of humane entrepreneurship, a business model that invests in human capital as the chief source of innovation. While traditional entrepreneurship focuses on innovation achieved through investments in new business opportunities, risk-taking, and proactivity, humane entrepreneurship focuses on how investment in the workforce can achieve enterprise-type innovation. This study aims to demonstrate the validity of people-centric small and medium-sized enterprise policy development by examining the effect on innovation of humane entrepreneurship.","PeriodicalId":246224,"journal":{"name":"Journal of the International Council for Small Business","volume":"12 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-11-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134401082","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Universities in entrepreneurial ecosystems and MSME revitalization","authors":"H. Osano","doi":"10.1080/26437015.2021.1942327","DOIUrl":"https://doi.org/10.1080/26437015.2021.1942327","url":null,"abstract":"ABSTRACT An entrepreneurial ecosystem is often referred to by scholars and policy makers as the environment surrounding entrepreneurial activity. Universities are key contributors to their communities in terms of economic development. Entrepreneurship education is important for empowering students and alumni in playing their role in their communities as a source of start-ups. There is a need to reimagine entrepreneurial education to focus on entrepreneurial mindset and entrepreneurial ecosystem building. Entrepreneurial education should contribute to building and boosting entrepreneurial ecosystems to facilitate start-ups and revitalization of micro-, small, and medium-sized enterprises. This article is based on the qualitative case study method of data gathering and analysis with an inductive approach in the context of Kenya. The study finds that universities can be catalysts in building robust entrepreneurial ecosystems through their entrepreneurial activities, linkage to industry, and collaboration with government, the public, alumni and students, and other stakeholders in entrepreneurial ecosystems, thus contributing to the economic well-being of their communities. The implication for policy makers is that they should understand universities and their contribution to community entrepreneurial ecosystems so as to develop a comprehensive framework of support. The implication for researchers is the need for consolidation and development of modeling of linkages between universities and entrepreneurial activities and other players within the entrepreneurial ecosystems and adaptation of a more comprehensive framework for measuring the process and outcomes so as to effectively assess the health of different entrepreneurial ecosystems.","PeriodicalId":246224,"journal":{"name":"Journal of the International Council for Small Business","volume":"9 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-10-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124188035","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Thomas G. Pittz, Jeffrey R. Alves, Ayman El tarabishy, E. Liguori, K. Passerini
{"title":"JICSB Translation: Boldly positioning for broader and deeper impact","authors":"Thomas G. Pittz, Jeffrey R. Alves, Ayman El tarabishy, E. Liguori, K. Passerini","doi":"10.1080/26437015.2021.1989637","DOIUrl":"https://doi.org/10.1080/26437015.2021.1989637","url":null,"abstract":"Does our research influence how entrepreneurs and small business owners think or accomplish their business objectives? Does our research effectively inform policy such that legislation is largely evidence-based? Is our research contributing to solving some of the world’s greatest challenges (for example, the United Nations Sustainable Development Goals, the Navol/tcgqtional Academy of Engineering Grand Challenges) at a pace proportionate to society’s collective need for solutions? Many individuals (for example, scholars, grant funding agencies, policy makers, practitioners, editors, authors) worry contemporary entrepreneurship and small business research (and most academic research more broadly) has little impact on practice, does not effectively inform policy, and is not producing output proportionate to the global need for solutions to the world’s biggest problems. Aguinis et al. (2014) suggested the theory–practice divide is largely due to the fact that “[t]he majority of inquiry on scholarly impact has focused almost exclusively on one particular stakeholder and one type of measure: academics and citations” (p. 624). While, as scholars and editors, we appreciate citations, these are insular metrics to academia’s ivory tower that only indirectly facilitate translation to practice, primarily through textbooks (Aguinis et al., 2019). Exacerbating the divide, while societal need for solutions continues to increase, fewer incentives and less of a researcher’s time are available to devote to practical relevance (Eckhardt & Wetherbe, 2014). This leaves academia and practice at a standstill, with each looking to the other to figure out how to build a better bridge. For too long, research translation has been left primarily to chance, yet real impact is the “result of agency and a desire for change” (Fenby-Hulse, 2019, p. 191). Therefore, we are pleased to announce in this editorial a new initiative by the International Council for Small Business (ICSB) directly aimed at facilitating translation between its flagship academic journal, the Journal of Small Business Management (JSBM), and its applied, practitioner-, and policy maker–oriented journal, the Journal of the International Council for Small Business (JICSB). Specifically, ICSB is pleased to announce a new article type to be published in JICSB (viz., JICSB Translation), aimed at bridging the theory–practice divide by purposefully working with authors of accepted JSBM articles to develop policy maker– and practitioner-translated versions of their research for broader dissemination. JOURNAL OF THE INTERNATIONAL COUNCIL FOR SMALL BUSINESS 2021, VOL. 2, NO. 4, 275–277 https://doi.org/10.1080/26437015.2021.1989637","PeriodicalId":246224,"journal":{"name":"Journal of the International Council for Small Business","volume":"17 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-10-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126609839","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Crowd funders’ motivations to support impact-oriented projects","authors":"Eric Mc Laren, Rico J. Baldegger","doi":"10.1080/26437015.2021.1938749","DOIUrl":"https://doi.org/10.1080/26437015.2021.1938749","url":null,"abstract":"ABSTRACT Alternative methods of financing are increasingly popular in Switzerland and project creators are turning to models like crowdfunding to get funding from a group of individuals, rather than investors. Semistructured interviews were conducted with experts from various backgrounds to better understand the importance of the crowdfunding model when assessing the crowd’s motivation to support impact-oriented projects. This study uncovers the segmentation of crowdfunding models into two categories and the implications for crowdfunding campaigns in each one. Reward and donation-based campaigns must highlight their projects’ positive impacts on society, relative to environmental and social aspects, while equity and lending-based campaigns must emphasize financial criteria, such as the return on investment they can generate for their backers.","PeriodicalId":246224,"journal":{"name":"Journal of the International Council for Small Business","volume":"60 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-10-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132221184","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Visionary and empowering leadership in SMEs","authors":"Kilian Klösel","doi":"10.1080/26437015.2021.1938750","DOIUrl":"https://doi.org/10.1080/26437015.2021.1938750","url":null,"abstract":"ABSTRACT With the growth of start-ups and small- and medium-sized enterprises, technological developments, and accompanying changes in work processes and organizational structures, leadership approaches that are effective in the context of flatter hierarchies, expanded responsibilities, and increased task complexity among employees are being sought. Recent reviews of the leadership literature show a significant shift in the focus of leadership. Heroic approaches to leadership that focus on the “Great Man” or the charismatic leader are shifting to postheroic perspectives of leadership that focus more on the followers. In this changing research environment, empowering leadership has emerged as a distinct concept in which individual motivation is fostered by sharing power and granting autonomy at the lowest organizational level.","PeriodicalId":246224,"journal":{"name":"Journal of the International Council for Small Business","volume":"7 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-10-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126539974","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Supplier selection for Mexican manufacturing MSMEs: A study-based on multi-criteria approach","authors":"Blanca Garcia, Víctor León, Amada Hidalgo Gallardo","doi":"10.1080/26437015.2021.1939199","DOIUrl":"https://doi.org/10.1080/26437015.2021.1939199","url":null,"abstract":"ABSTRACT Supplier selection represents one of the most vulnerable and risky areas within production processes because it affects the competitiveness of companies, particularly micro, small and medium-sized companies (MSMEs) of emerging economies manufacturing sectors. This study aims at identifying the multiple criteria for supplier selection evaluation used by Mexican manufacturing firms through traditional variables that evaluate their technical, but also by considering an environmental perspective, which has not been studied deeply. The research also adds commercial criteria, frequently ignored, but relevant in decision-making, such as International commercial terms (Incoterms) which depend on the negotiating capacity and the position occupied by customers compared to suppliers.","PeriodicalId":246224,"journal":{"name":"Journal of the International Council for Small Business","volume":"35 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-10-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129008576","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
J. Muldoon, Vitaliy Skorodziyevskiy, Shawn M. Keough, William R. F. Phillips
{"title":"Lessons from an older sibling: Social entrepreneurship and corporate social responsibility","authors":"J. Muldoon, Vitaliy Skorodziyevskiy, Shawn M. Keough, William R. F. Phillips","doi":"10.1080/26437015.2021.1945980","DOIUrl":"https://doi.org/10.1080/26437015.2021.1945980","url":null,"abstract":"ABSTRACT Given the similarities that exist between two constructs—corporate social responsibility (CSR) and social entrepreneurship (SE)—we examine how CSR literature can inform the SE literature. We argue that both CSR and SE emerged from governmental failures as well as the response to the needs of societies. CSR and SE are relatively new constructs that have struggled with definitional problems. We suggest that both constructs may suffer from agency problems while leading to some unexpected benefits. By applying the lessons learned through CSR research to SE research, the development of SE literature could be accelerated, thereby improving interactions for all constituents.","PeriodicalId":246224,"journal":{"name":"Journal of the International Council for Small Business","volume":"2 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-08-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129452567","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"A theoretical justification and framework for scenario planning in SMEs","authors":"K. Scott","doi":"10.1080/26437015.2021.1951143","DOIUrl":"https://doi.org/10.1080/26437015.2021.1951143","url":null,"abstract":"ABSTRACT This article provides a theoretical framework and justification for scenario planning, a practice that enables small businesses to be more agile and resilient. Agile and resilient companies are better positioned to succeed in an unknown future. Scenario planning offers a way for companies to think creatively about opportunities, threats, and solutions while still operating successfully in the known present. Compared to strategic planning, scenario planning is less resource intensive and therefore offers small businesses a more realistic way to build for the future. This article contrasts scenario planning with strategic planning while providing recommendations for adapting the former into a small business environment.","PeriodicalId":246224,"journal":{"name":"Journal of the International Council for Small Business","volume":"28 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-08-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121857393","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}