{"title":"Experimentation, Planning, and Structure in Early-Stage Ventures: Evidence from Venture Pitches","authors":"A. Contigiani, Trevor Young-Hyman","doi":"10.2139/ssrn.3179697","DOIUrl":"https://doi.org/10.2139/ssrn.3179697","url":null,"abstract":"We examine the role of experimentation, planning, and structure in the evaluation of early-stage ventures. We hypothesize that the choice of coherent combinations – experimentation and informal structure or planning and formal structure – is associated with positive evaluations. First, using proprietary data from a venture competition, we find a positive correlation between coherent combinations and evaluations. Next, we verify the causality of this pattern through an experimental study on Amazon Mechanical Turk and find consistent results. Both in the field and the experiment, the effect is driven by evaluators with entrepreneurial experience. Overall, the evidence suggests that evaluators are sensitive to the choices of strategy and structure in early-stage ventures, contrary to the common belief that these features play little role in these organizations.","PeriodicalId":306363,"journal":{"name":"ERPN: Other Strategy (Sub-Topic)","volume":"31 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-10-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115033983","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":"The Impact of International Entrepreneurship On the Internationalization of Thai SMEs: The Mediating Role of Strategic Planning Practices","authors":"Krisada Chienwattanasook, Krit Jarinto","doi":"10.2139/ssrn.3900524","DOIUrl":"https://doi.org/10.2139/ssrn.3900524","url":null,"abstract":"The study was carried out to examine the direct impact of the international entrepreneurship on the internationalization of Thai SMEs. Additionally, the study has examined the mediating role of strategic planning practices. For the sake of present research, we used Smart PLS 3.0 for model estimation. With the help of this software, graphical path modeling can be simultaneously done for latent variables. Moreover, for the data collection, a survey-based technique was employed to collect information from the targeted respondents. For this purpose, we distributed 450 well-developed questionnaires but only 310 respondents turned them back. Consequently, out of 450 total questionnaires only 290 valid questionnaires were received, as 20 questionnaires were dropped from the data due to missing information, resulting in 64% response rate. According to the results, there is a significant positive relationship between entrepreneurial orientation (EO) and internalization. This relationship was also supported by study outcomes at p <0.05 and at 1 percent level of significance. In addition, significant relationship was found between internalization of SMEs and innovativeness (IN) which is supported by the empirical result at p <0.05 with 1 percent level of significance. Moreover, the results also supported the relationship between internalization of SMEs and pro-activeness (PR) at 1 percent level of significance and p <0.05.","PeriodicalId":306363,"journal":{"name":"ERPN: Other Strategy (Sub-Topic)","volume":"67 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124873284","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":"Socially Advantaged? How Social Affiliations Influence Access to Valuable Service Professional Transactions","authors":"Timothy Gubler, Ryan Cooper","doi":"10.2139/ssrn.3132034","DOIUrl":"https://doi.org/10.2139/ssrn.3132034","url":null,"abstract":"This paper theorizes that social capital produced by social affiliations allows service professionals to gain access to higher-value transactions through increased reputation for trustworthiness, which then aids them in further building reputation and engaging in entrepreneurship. Using a unique approach that pairs Utah residential real estate data with church congregation boundaries, we find that affiliations enable real estate agents to list 14 percent more expensive homes, and to consequently build reputation useful for future non-affiliated transactions. We observe large reputation-building benefits for early-career agents, particularly for agents in low-reputation firms. Strikingly, we find this lowers entrepreneurship entry by 6 percent. These results imply that social affiliations can substitute for reputation in selection, enabling professionals to build reputation, which then has important career implications.","PeriodicalId":306363,"journal":{"name":"ERPN: Other Strategy (Sub-Topic)","volume":"24 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-07-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123567944","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":"Integrated Marketing Communication and Perception of Small Scale Entrepreneurs in Manufacturing and Service Sector Industries","authors":"A. Aggarwal","doi":"10.2139/ssrn.3183664","DOIUrl":"https://doi.org/10.2139/ssrn.3183664","url":null,"abstract":"Integrated Marketing Communication (IMC) is one of the most important communications trends adopted by companies in the last decade. With an increase in global competition, technological advances, and more informed customers, it is important for businesses to make a powerful impact on target audiences and markets. IMC is one such step toward an integrated approach to achieving efficiency by synergy. A small business marketing communication approach is essential to the strategic, consistent growth of an entrepreneurs and business. Small Business marketing by the entrepreneurs consist of those business activities that relate directly to target markets and preparing, communicating and delivering some bundle of satisfaction to the target markets. In this context, Integrated marketing communication approach and tools proves very significant to the entrepreneurs. The purpose of this study is to analyze, understand and compare the perception of integrated marketing communication held by entrepreneurs across small scale industries in manufacturing sector and Service sector in India. This study analyses the perception of small entrepreneurs regarding whether the approach and tools of IMC have impact on their promotional activities or on promotion mix strategy. The findings of this study tended to support the approach and model of integrated marketing communication. This study suggests that IMC has become accepted practice of the small entrepreneurs also in both the manufacturing and service sector as well. Although many entrepreneurs may not be fully using IMC as a management strategy, this study suggests widespread support for the idea. There may be uncertainty among some about what IMC is and what purpose it serves. Others, who are supportive of IMC, may be uncertain or unable to implement the strategy.","PeriodicalId":306363,"journal":{"name":"ERPN: Other Strategy (Sub-Topic)","volume":"40 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-05-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127715904","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, Innovation, and Political Competition: How the Public Sector Helps the Sharing Economy Create Value","authors":"Yongwook Paik, Sukhun Kang, Robert C. Seamans","doi":"10.2139/ssrn.2925077","DOIUrl":"https://doi.org/10.2139/ssrn.2925077","url":null,"abstract":"Research Summary: With the recent growth of the sharing economy, regulators must frequently strike the right balance between private and public interests to maximize value creation. In this article, we argue that political competition is a critical ingredient that explains whether cities accommodate or ban ridesharing platforms and that this relationship is moderated in more populous cities and in cities with higher unemployment rates. We test our arguments using archival data covering ridesharing bans in various U.S. cities during the 2011–2015 period. We supplement these data with semistructured interviews. We find broad support for our arguments while mitigating potential endogeneity concerns. Our study has important implications for nonmarket strategy, entrepreneurship and innovation, and public‐private partnership literatures. In addition, our findings inform policy debates on the sharing economy. Managerial Summary: Entrepreneurs and businesses oftentimes face severe regulatory barriers when commercializing innovative products and services even if the innovations are generally beneficial for consumers and the broader society. This research focuses on the political determinants of regulation to provide a better understanding of why some markets are more receptive to innovative products while other markets are more hostile to them. Using the banning of ridesharing companies (e.g., Uber and Lyft) in various U.S. cities during the 2011–2015 period, we find that elected politicians facing less political competition (i.e., not easily replaceable, serving multiple terms, longer tenure in office) were more likely to ban ridesharing companies and favor, potentially displaceable, local taxicab companies. Our research has implications for navigating the political barriers to entry.","PeriodicalId":306363,"journal":{"name":"ERPN: Other Strategy (Sub-Topic)","volume":"37 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-03-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122319907","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":"Method Products: Sustainability Innovation as Entrepreneurial Strategy","authors":"Andrea L. Larson, Mark Meier","doi":"10.2139/ssrn.2974261","DOIUrl":"https://doi.org/10.2139/ssrn.2974261","url":null,"abstract":"A young company distinguishes itself in an industry dominated by manufacturing giants, then must determine what products to pursue next. Suitable for MBA and undergraduate learners, this case demonstrates how new innovations present new challenges. Determined to develop a green laundry detergent, Method capitalized on its creative corporate culture. With a collaborative work environment established, innovation had become a habit on which to build further success. \u0000Excerpt \u0000UVA-ENT-0159 \u0000Rev. Sept. 27, 2010 \u0000Method Products: \u0000Sustainability Innovation as Entrepreneurial Strategy \u0000Introduction \u0000Method Products, Inc., had hit a sweet spot for its buyers by 2010. Since its founding in 2000, the privately held Method had had a clear mission: Make good-smelling, high-performing household cleaners that were healthy throughout their material life spans and packaged in attractive, eye-catching, and eco-designed containers. Said Adam Lowry, cofounder and chief “greenskeeper”: \u0000. . .","PeriodicalId":306363,"journal":{"name":"ERPN: Other Strategy (Sub-Topic)","volume":"9 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-05-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115573969","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":"Think Globally, Act Cooperatively: Entrepreneurial Partnering between International New Ventures and Multinational Enterprises","authors":"S. Prashantham, A. Madhok","doi":"10.2139/ssrn.3028687","DOIUrl":"https://doi.org/10.2139/ssrn.3028687","url":null,"abstract":"We examine the international new venture - multinational enterprise interface, specifically the extent and nature of entrepreneurial partnering actions undertaken by internationalization-seeking new ventures vis-a-vis MNEs as an internationalization pathway. Based on three longitudinal cases in the Bangalore software industry, we identify three distinct internationalization pathways for new ventures based on their engagement with MNEs: passive, active and co-creation. These pathways exhibit increasing levels of new ventures’ entrepreneurial partnering actions and MNEs’ corresponding partnering initiatives. For both sets of firms to attain their respective ends, their strategies need to co-align through the appropriate partnering strategy and interface, which reflect these actors’ respective strategies and the “effortful” nature of INV-MNE engagement. Furthermore, we highlight that the state of the local milieu plays a vital contingency role by being more conducive to certain pathways than to others.","PeriodicalId":306363,"journal":{"name":"ERPN: Other Strategy (Sub-Topic)","volume":"14 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-05-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126580881","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":"Entrepreneurial Judgment and Analysis for Successful Strategy Implementation","authors":"Momin Mukherjee","doi":"10.24999/IJOAEM/02010006","DOIUrl":"https://doi.org/10.24999/IJOAEM/02010006","url":null,"abstract":"This paper, describe the various challenges, findings, and recommendation regarding the biggest challenges of the strategies implementation. The primary purpose of this study is to describe the internal problems and external challenges of an organization. Internal problems include wrong management style/ directors' leadership, lack of proper policies regarding the organization are analysis here. The Insufficient financial resources, the unsound reward system for the staff, unstructured organization strategies, miscommunication among the employees of the organization, etc. are affecting the organization. The external challenges are an economical problem in the international market, political insecurity, improper use of government rules and regulations, external competitors in the world market, etc. are also discussed here.","PeriodicalId":306363,"journal":{"name":"ERPN: Other Strategy (Sub-Topic)","volume":"92 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-02-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127327202","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":"Competitive Dynamics in Intellectual Property Risk","authors":"Tama M. Copeman, K. Ivanova","doi":"10.2139/ssrn.2675784","DOIUrl":"https://doi.org/10.2139/ssrn.2675784","url":null,"abstract":"This paper examines the role of time delays on the path dependency of corporate growth with a focus on intellectual property in technology intensive industries and proposes a methodology for assessment of competitive risks.","PeriodicalId":306363,"journal":{"name":"ERPN: Other Strategy (Sub-Topic)","volume":"49 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-11-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128324450","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":"The Effect of Family Ownership on Different Dimensions of Corporate Social Responsibility: Evidence from Large US Firms","authors":"J. Block, M. Wagner","doi":"10.2139/ssrn.1948552","DOIUrl":"https://doi.org/10.2139/ssrn.1948552","url":null,"abstract":"Prior research has shown that family firms differ from non-family firms with regard to aggregate measures of corporate social responsibility (CSR). We argue that CSR is a multidimensional concept that comprises several aspects, which range from employee relations to ecological concerns and product issues. Based on an organizational and family identity perspective, we argue that the effect of family ownership can differ across various CSR dimensions. Family firms can be responsible and irresponsible regarding CSR at the same time. We use a dataset of large US firms to test our hypotheses. Our Bayesian regressions show that family ownership is negatively associated with community-related CSR performance and positively associated with diversity-, employee-, environment-, and product-related aspects of CSR. The largest positive effect of family ownership on CSR performance exists with regard to product-related aspects of CSR.","PeriodicalId":306363,"journal":{"name":"ERPN: Other Strategy (Sub-Topic)","volume":"55 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2011-10-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127626467","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}