WorldWideScience

Sample records for venture business development

  1. Decision making for business model development : A process study of effectuation and causation in new technology-based ventures

    NARCIS (Netherlands)

    Reymen, Isabelle; Berends, Hans; Oudehand, Rob; Stultiëns, Rutger

    2017-01-01

    This study investigates the decision-making logics used by new ventures to develop their business models. In particular, they focussed on the logics of effectuation and causation and how their dynamics shape the development of business models over time. They found that the effectual decision-making

  2. Foundation-industry relationships--a new business model joint-venture philanthropy in therapy development.

    Science.gov (United States)

    Bartek, Ronald J

    2014-01-01

    The business model for medical therapy development has changed drastically. Large companies that once conducted their own Research and Development (R&D) and funded all the preclinical studies, all phases of clinical development and marketing of the products are increasingly turning to others for more and more of the earlier work in hopes of being able to in-license a de-risked program well downstream, take it through the final phases of clinical development and into the marketplace. This new paradigm has required patient-advocacy foundations, especially in the rare-disease space, to become far more effective in building relationships with all the players along the therapy-development pathway -- academic scientists, government agencies, other foundations with overlapping interests, biotechs, small biopharmaceutical entities and even the larger industry companies. From the perspective of the patient-advocacy community, these increasingly essential public-private partnerships have taken on the nature of what could be called joint-venture philanthropy and involve a broad spectrum of collaborations and financial relationships between foundations and industry partners that are not without concerns about potential conflicts of interest.

  3. Classroom Business Ventures: Career Education for Physically Disabled Students.

    Science.gov (United States)

    Cohen, James S.; Stieglitz, Maria

    A classroom business venture (CBV), one component of the Human Resources School's career development program for physically disabled fifth, sixth, and seventh graders, is described. A CBV is defined as a simulated business situation where students, with teacher guidance, plan and organize the operation toward the eventual goal of distribution of…

  4. Managing Corporate Venturing: Multi-level Studies on Project Autonomy, Integration, Knowledge Relatedness, and Phases in the New Business Development Process

    NARCIS (Netherlands)

    J.H. Burgers (Henri)

    2008-01-01

    textabstractDeveloping new businesses is a critical factor for strategically renewing firms in today’s dynamic environments. Although autonomy has frequently been addressed as a major factor in successfully managing corporate ventures, several critical contingencies remain unexplored. The results of

  5. Business Plan for Existing Venture: Papu Cafe

    OpenAIRE

    Truc, Nha

    2017-01-01

    Finland is considered as one of the potential markets for specialty coffee industry with the high amount of coffee consumption. The aim of this research is developing a business plan for existing business – Papu Cafe in the center of Helsinki, Finland. In this research, the author focuses on investigating the entrepreneurship and coffee industry in Finland, the characteristics of coffee drinking trends. Besides, it is essential to understand the purpose of conducting a business plan for ...

  6. BUSINESS PLANNING STARTUPS IN CONTEXT, ATTRACTING VENTURE CAPITAL INVESTMENT

    Directory of Open Access Journals (Sweden)

    V. A. Vernikov

    2014-01-01

    Full Text Available The topic of this article is relevant, as the hallmark of innovative business development inRussiais a gradual but steady transition from uncivilized forms of business to the latest international study using the methods and tools of business planning. As the experience of western businessmen prerequisite for the success of creating a business from scratch, is to develop a business plan that allows you to specify how the essence and purpose of the project and the number of required investment funds.Purpose / Objectives. The aim of the article is to analyze the theoretical and methodological foundations of business planning for startups to attract venture capital investment based on the study of foreign experience. Objectives of the article: consider the theoretical basis for planning a startup; - To analyze the experience of entrepreneurs planning a startup in Western countries.Methodology. Methodological basis of this article appeared comparative and structural analysis methods.Results. Preparing a business plan for a startup project is a complex and labor-intensive process, where the business plan is a business card needed to attract external funding, the road map for the initiator of the project, so its preparation no trifl es. As the experience of western businessmen, errors that may have occurred during the development of a business plan: the unreliability and incompleteness of the input information; ignoring the need to prepare an analysis of the market or use in its preparation unreliable sources; errors in the calculations carried out, their incompleteness; errors in the text part of the business plan, as well as non-compliance with the logic of the material, its scarcity, unprofessional calculations; lack of risk analysis. With the right approach to the preparation of a business plan it can be not only a formal document, but also a practical guide to the implementation of business ideas that will allow for timely assessment of the impact

  7. Implementation of Knowledge Management for Business Competitiveness in Provecta Capital (Venture Capital)

    OpenAIRE

    Fahroni, Ramdhan; Tjakraatmadja, Jann Hidajat

    2013-01-01

    Provecta capital as new venture capital firm is facing business challenges. The firm has an obligation to promote business start-up that became the investee company. Provecta Capital business success is depends on the success of their investee companies business. Therefore, increasing business competitiveness of their investee-companies is become challenge to Provecta Capital. The development solution of Provecta Capital is by implementing knowledge management in their business. Ideally, know...

  8. Innovation and Business Growth through Corporate Venturing in Latin America: Analysis of Strategic Fit

    OpenAIRE

    Rajagopal,

    2005-01-01

    Corporate venturing as a strategy for international business development has become significant in view of the process of globalization resulting into the free trade and business development opportunities for multinational companies. This study is based on empirical investigation through semi-structured interviews administered to the managers of multinational companies operating in Mexico. The success of the corporate ventures in Mexico has been evaluated from the perspectives of economic and...

  9. Financing Small Businesses: From Venture Capital to Crowdfunding

    Directory of Open Access Journals (Sweden)

    Herciu Mihaela

    2017-08-01

    Full Text Available Startups and small businesses are facing many challenges in terms of financing their activities. These types of companies do not have the possibility to access capital market or to make IPO or to borrow money from banks like big, mature or well-known companies (who were at their beginnings startups or small businesses. They have to find different sources for financing their ideas/products/services that are in many cases very risky, hazardous or to ambitious. But, fortunately, the financing alternative for these companies have evolved during the last post crisis years. They have possibility to find some investors that are willing to invest in a non-name company by accessing crowdfunding platforms, impress angel investors, or attracting venture capital. All that in order to develop their business and to become a unicorn or to have a great exit.

  10. Exploratory Orientation, Business Model Innovation and New Venture Growth

    Directory of Open Access Journals (Sweden)

    Hao Zhang

    2017-12-01

    Full Text Available Why are some start-ups more successful than other companies? In view of this question, this paper deconstructs the growth mechanism of the present new Chinese ventures from the perspective of Internet entrepreneurship and points out that exploratory orientation and business model innovation play an important role in the new ventures growth process. Based on this, through the investigation of 210 start-ups in China, the research found that: (1 exploratory orientation is in a positive relationship with the growth of new ventures; (2 business model innovation plays a mediated role between exploratory orientation and new business growth; (3 Internet embeddedness is found as a moderator in the relationship between exploratory orientation and the growth of new ventures. This finding will not only help further deepen the new research in the new venture growth process but also help to further expand exploratory orientation, business model innovation and the important role of the Internet embeddedness in the growth of new ventures.

  11. Small business and entrepreneurial venture in an economic conundrum

    OpenAIRE

    John Amolo; Stephen O. Migiro

    2017-01-01

    Does small business add the same value as entrepreneurial venture to an economy? Entrepreneurial ventures are resilient to economic duress, while providing higher quality and quantity of jobs, products and services. A needed entrepreneurial economic omnipresence pervasively stimulates socio-economic mindset in opportunity, rather than resource pursuit. A managed economy is under challenge by a knowledge economy and the policies of the former have become irrelevant for the latter. The unpredic...

  12. Fostering Entrepreneurial Investment Decision in Medical Technology Ventures in a Changing Business Environment

    Directory of Open Access Journals (Sweden)

    Sonja Bettina Keppler

    2015-02-01

    Full Text Available This paper presents the results obtained from a survey among public and private venture capitalists from countries which attract a large amount of venture capital investment: Germany, Switzerland, Austria and Israel. The objective is to investigate venture capitalists’ investment criteria for medical technology ventures in the start-up or expansion phase. Since existing research evaluated venture capitalists’ general investment criteria, the aim of this study is to provide specific results on entrepreneurial investment decisions for the medical technology sector, which constantly attracted a significant share of European venture capital. The research used semi-structured interviews with 39 venture capitalists and experts. The results show that venture capitalists prefer to invest in companies which develop products for treating and diagnosing diseases showing a high prevalence and large market volumes, such as cardiovascular, metabolic and neurological diseases, and orthopaedic disorders. The study confirms that venture capitalists use a number of industry-specific criteria highly relevant in a changing business environment. These include a high medical need for the product, availability of clinical data, stage of European Conformity approval, high probability of receiving reimbursement from health insurances, medical key opinion leaders supporting technology, management’s regulatory experience and their communication ability with doctors and key opinion leaders.

  13. Building new businesses through corporate venturing at the danish NKT group

    DEFF Research Database (Denmark)

    Skat-Rørdam, Peter

    2005-01-01

    An in depth case study of how the danish NKT group used corporate venturing over a 25 year period to build new businesses. The study provides insights on purposes, drivers and results of corporate venturing and examines factors contributing to venture success and failure.......An in depth case study of how the danish NKT group used corporate venturing over a 25 year period to build new businesses. The study provides insights on purposes, drivers and results of corporate venturing and examines factors contributing to venture success and failure....

  14. Evaluation of spacecraft technology programs (effects on communication satellite business ventures), volume 1

    Science.gov (United States)

    Greenburg, J. S.; Gaelick, C.; Kaplan, M.; Fishman, J.; Hopkins, C.

    1985-01-01

    Commercial organizations as well as government agencies invest in spacecraft (S/C) technology programs that are aimed at increasing the performance of communications satellites. The value of these programs must be measured in terms of their impacts on the financial performane of the business ventures that may ultimately utilize the communications satellites. An economic evaluation and planning capability was developed and used to assess the impact of NASA on-orbit propulsion and space power programs on typical fixed satellite service (FSS) and direct broadcast service (DBS) communications satellite business ventures. Typical FSS and DBS spin and three-axis stabilized spacecraft were configured in the absence of NASA technology programs. These spacecraft were reconfigured taking into account the anticipated results of NASA specified on-orbit propulsion and space power programs. In general, the NASA technology programs resulted in spacecraft with increased capability. The developed methodology for assessing the value of spacecraft technology programs in terms of their impact on the financial performance of communication satellite business ventures is described. Results of the assessment of NASA specified on-orbit propulsion and space power technology programs are presented for typical FSS and DBS business ventures.

  15. A business man views commercial ventures in space.

    Science.gov (United States)

    Scarff, D. D.; Bloom, H. L.

    1973-01-01

    Paper reviews technical, resource planning and marketing steps an industrial organization must perform in arriving at a decision to undertake space development and production of commercial products or services for Users on the ground. Technical elements are supported by particular examples. Analysis of required resources emphasizes facility and financial inter-relationships between commercial organizations and NASA. Marketing planning covers elements of profitability. Paper addresses questions related to protection of corporate stockholders and public interest, investment decision timing, budget variations. Paper concludes with observations on timeliness of planning shuttle-based commercial ventures and on key industry/NASA problems and decisions.

  16. Technology programs and related policies - Impacts on communications satellite business ventures

    Science.gov (United States)

    Greenberg, J. S.

    1985-01-01

    The DOMSAT II stochastic communication satellite business venture financial planning simulation model is described. The specification of business scenarios and the results of several analyses are presented. In particular, the impacts of NASA on-orbit propulsion and power technology programs are described. The effects of insurance rates and self-insurance and of the use of the Space Shuttle and Ariane transportation systems on a typical fixed satellite service business venture are discussed.

  17. Do Business Demographics Matter to Nascent Venture Performance? A Longitudinal Evidence from the Kauffman Firm Survey.

    Directory of Open Access Journals (Sweden)

    Augustine Yao Dzathor

    2013-08-01

    Full Text Available Scant literature exists on impact of organizational demographics on nascent venture performance. Business demographics were looked at through the lenses of organizational traits, resource-based view and population ecology theories. The combined as well as the  individual longitudinal impact of five business demographics (nature of product, primary location of business, number of active owner-operators, business legal status and technological orientation on nascent venture performance was examined. 754 out of the 863 businesses that survived cleaning of the first four years of the Kauffman Firm Survey (KFS dataset were retained in the analysis sample to maintain the original sample stratification of the data set. Results of multiple regression revealed that business demographics globally had significant effect on nascent venture performance in year-2 and year-4 of first four years of existence of the cohort of businesses studied. Three of the individual business demographics indicators, namely: nature of product, business legal status and technological orientation also had significant but inconsistent effects on nascent venture performance across the four years under study. The study threw light on the longitudinal effects of business demographics on nascent venture performance and drew attention to the fact that business demographics can theoretically be envisioned through the lenses of trait theory, resource based view and population ecology theory.

  18. The entrepreneur's mode of entry: business takeover or new venture start?

    NARCIS (Netherlands)

    Parker, S.C.; van Praag, M.

    2012-01-01

    We extend the well-known occupational choice model of entrepreneurship by analyzing the mode of entry. Individuals can become entrepreneurs by taking over established businesses or starting up new ventures from scratch. We argue that the new venture creation mode is associated with higher levels of

  19. Global Business Strategy: Multinational Corporations Venturing into Emerging Markets

    National Research Council Canada - National Science Library

    Motohashi, Kazuyuki

    2015-01-01

    This book presents theories and case studies for corporations in developed nations, including Japan, for designing strategies to maximize opportunities and minimize threats in business expansion into developing nations...

  20. Joint ventures: to pursue or not to pursue?

    Science.gov (United States)

    Blaszyk, Michael D; Hill-Mischel, Jody

    2007-11-01

    Hospitals should carefully select joint venture partners. The joint venture evaluation process should involve a high-level screen of strategic opportunities. Hospitals should develop a full business plan for the joint venture.

  1. SMEs and new ventures need business model sophistication

    DEFF Research Database (Denmark)

    Kesting, Peter; Günzel-Jensen, Franziska

    2015-01-01

    , and Spreadshirt, this article develops a framework that introduces five business model sophistication strategies: (1) uncover additional functions of your product, (2) identify strategic benefits for third parties, (3) take advantage of economies of scope, (4) utilize cross-selling opportunities, and (5) involve...

  2. Focus on opportunities as a mediator of the relationship between business owners' age and venture growth

    NARCIS (Netherlands)

    Gielnik, Michael M.; Zacher, Hannes; Frese, Michael

    Combining upper echelons and lifespan theories, we investigated the mediating effect of focus on opportunities on the negative relationship between business owners' age and venture growth. We also expected that mental health moderates the negative relationship between business owners' age and focus

  3. Accelerating Venture Creation and Building on Mutual Strengths in Experimental Business Labs

    Science.gov (United States)

    Curley, Martin G.; Formica, Piero

    2010-01-01

    This paper articulates the opportunity of using an experimental business laboratory approach as a means of accelerating the creation, incubation and testing of new venture ideas. Such a strategy leads to the establishment of a micro-ecosystem of aspiring entrepreneurs and others in a business laboratory environment. The goal is to create a mini…

  4. THE IMPROVEMENT OF THE CONCEPT OF THE EFFICIENCY OF VENTURE BUSINESS'S ATTRACTION

    Directory of Open Access Journals (Sweden)

    А. Cherednik

    2017-08-01

    Full Text Available The concept of the efficiency of venture business’s attraction was improved in the article. The theoretical foundations of venture business’s concept were explored, four approaches to venture business’s understanding were singled out, and its own definition which fully reflects the essence was developed in the investigation. The author examines the existing approaches to the concepts of effect and efficiency and revealed that efficiency is the ratio of the effect obtained to the costs incurred to achieve it. Also, the author developed the concept of effectiveness of venture business’s attraction.

  5. 15 CFR 295.23 - Dissolution of joint research and development ventures.

    Science.gov (United States)

    2010-01-01

    ... Development Ventures § 295.23 Dissolution of joint research and development ventures. Upon dissolution of any joint research and development venture receiving funds under these procedures or at a time otherwise... venture proportional to the Federal share of the costs of the joint venture as determined by independent...

  6. Communications satellite business ventures - Measuring the impact of technology programmes and related policies

    Science.gov (United States)

    Greenberg, J. S.

    1986-01-01

    An economic evaluation and planning procedure which assesses the effects of various policies on fixed satellite business ventures is described. The procedure is based on a stochastic financial simulation model, the Domsat II, which evaluates spacecraft reliability, market performance, and cost uncertainties. The application of the Domsat II model to the assessment of NASA's ion thrusters for on-orbit propulsion and GaAs solar cell technology is discussed. The effects of insurance rates and the self-insurance option on the financial performance of communication satellite business ventures are investigated. The selection of a transportation system for placing the satellites into GEO is analyzed.

  7. A Study on Strategy Establishment for Foreign Market Penetrating of Nuclear Technology Venture Business

    Energy Technology Data Exchange (ETDEWEB)

    Song, Ki Dong; Kim, S. S.; Choi, Y. D.; Park, C. S.; Bae, C. I.; Chung, J. M.; Roe, S. P

    2007-05-15

    The objective of this study is to suggest feasible strategy for foreign market penetration of nuclear venture technology business. Especially, this study focuses on the technology and product export to the Frankfurt-Hoechst Industrial Park in Germany. This study analyzed the operating system of German Industrial Park, especially the Frankfurt-Hoechst Industrial Park. This study also analyzed the current status of Industrial Science Parks in Northern European countries such as Finland, Sweden, and England. Then, this study suggested the strategy for nuclear technology venture business to penetrate German export market effectively.

  8. Joint venture instability: a life cycle approach

    OpenAIRE

    Roy Chowdhury, Prabal; Roy Chowdhury, Indrani

    2001-01-01

    Joint ventures represent one of the most fascinating developments in international business. In the last few decades, the rate of joint venture formation has accelerated dramatically. Nowadays joint ventures are much more widespread and occur in industries like telecommunications, biotechnology etc. At the same time, however, it must be noted that joint ventures are very unstable. In this paper we survey the phenomenon of joint venture instability. We draw on the relative recent theoretical l...

  9. Business Takeover or New Venture? Individual and Environmental Determinants from a Cross-Country Study

    NARCIS (Netherlands)

    J.H. Block (Jörn); A.R. Thurik (Roy); P.W. van der Zwan (Peter); S. Walter (Sascha)

    2010-01-01

    textabstractWhereas the determinants of entrepreneurial choice have been thoroughly analyzed in the literature, little is known about the preferred mode of entry into entrepreneurship, such as taking over an existing business or starting a new venture. Using a large international dataset, this study

  10. Development trends of the venture capital financing institution: spaciotemporal profile

    Directory of Open Access Journals (Sweden)

    T. I. Volkova

    2010-09-01

    Full Text Available The article describes the results of the research of development and performance features of the venture capital financing institution in leading countries as well as in Russia and in its regions. A number of main trends in venture financing in accordance with the level of innovation process` development abroad and in our country are emphasized, first of all by stages of support of scientific and technological developments and projects. Positive trends and contradictions in development of venture capital financing institution in Russia and its regions are revealed. Main directions of activation of venture financing process are systematized in accordance with the requirements of the Concept of long-term social-economic development of the Russian Federation till 2020 and the Strategy of social-economic development of the Sverdlovsk region until 2020.

  11. INTERACTION OF UNIVERSITIES AND VENTURE COMPANIES TO PROVIDE EMPLOYMENT AND DEVELOPMENT OF LABOR RELATIONS

    Directory of Open Access Journals (Sweden)

    A. S. Senin

    2016-01-01

    Full Text Available The current economic situation is a consequence of the low innovation activity of the real sector. To go to a new quality of the national economy requires the development of venture business segment. However, along with the problem of lack of investment, this segment was faced with staffi ng problems, the solution of which requires a non-trivial approaches.This article outlines the main aspects of cooperation between higher education institutions and ventures to address staffing issues in the past and generally – in order to ensure the normal employment (through the creation of new high-tech jobs and the promotion of labor relations in the national economy. In this article the basic scheme, to extend the functions of venture capital funds, which will not only provide funding for innovative projects, but also to coordinate the cooperation of universities and venture companies in the staffing of the past.The purpose / goal. The main purpose of this article is to identify ways to improve staffing activities of venture companies by finding new forms of cooperation between enterprises, research and education sector and institutions of venture capital financing.Methodology. This article used the methods of economic-statistical and comparative analysis and synthesis of scientific solutions of direct practical application.Conclusions / relevance. The practical significance of the results is to develop the basic scheme of trilateral cooperation between higher education institutions, venture capital companies and venture capital funds in order to provide innovative projects need not only financial, but also human resources.

  12. Business Development Corporation, Inc.

    Energy Technology Data Exchange (ETDEWEB)

    Jasek, S.

    1995-12-31

    Business Development Corporation, Inc., is a company specializing in opportunity seeking and business development activities in the {open_quotes}new{close_quotes} post communist Central and Eastern Europe, with particular emphasis on the Republics of Poland and Slovakia. The company currently focuses its expertise on strategic investing and business development between Central Europe and the United States of America. In Poland and Slovakia, the company specializes in developing large scale energy and environmental {open_quotes}infrastructure{close_quotes} development projects on the federal, state, and local level. In addition, the company assists large state owned industries in the transformation and privatization process. Business Development Corporation has assisted and continues to assist in projects of national importance. The staff of experts advise numerous large Polish and Slovak companies, most owned or in the process of privatization, on matters of restructuring, finance, capital structure, strategic parternships or investors, mergers, acquisitions and joint ventures with U.S. based firms. The company also assists and advises on a variety of environmental and energy matters in the public and private sector.

  13. Institutional influences on business model choice by new ventures in the microgenerated energy industry

    Energy Technology Data Exchange (ETDEWEB)

    Provance, Mike, E-mail: mprovanc@odu.edu [Old Dominion University, Norfolk, VA 23529 (United States); Donnelly, Richard G.; Carayannis, Elias G. [George Washington University, Washington, DC 20052 (United States)

    2011-09-15

    Business model choice plays an important source of competitive advantage for new ventures in the microgeneration sector. Yet, existing literature focuses on strategic management of internal resources as the constraints in this choice process. In the energy sector, external factors may be at least as influential in shaping these business models. This paper examines the roles of politico-institutional and socio-institutional dynamics in the choice of business models for microgeneration ventures. Business models have traditionally been viewed as constructions of the internal values, strategies, and resources of organizations. But, this perspective overlooks the role that external forces have on these models, particularly in more highly institutionalized contexts like microgeneration. When these factors are introduced into the existing framework for business model choice, the business model based less on firm decision-making and more about variables that exist within national innovation systems and political structure, local socio-technological conditions, and cognitive abilities of the entrepreneur and corresponding stakeholders. - Highlights: > This work provides theoretical foundation for variation in microgeneration business models. > Explores institutional influences on strategic view of business model choice. > Compares the nature of microgeneration across geo-political contexts.

  14. ACTUAL TRENDS IN THE DEVELOPMENT OF VENTURE INVESTMENT IN RUSSIA

    Directory of Open Access Journals (Sweden)

    K. P. Aleksandrova

    2014-06-01

    Full Text Available Relevance of research topic is related to the significant influence of the venture capital industry on the Russian economy. Innovative development of our country depends mainly on the effective commercialization of research and development, but the technology companies access to financial resources is a key factor in the innovation process . Venture capital plays a major role in this respect: it provides a fast and timely financial support to local entrepreneurs breakthrough ideas and enhances the competitiveness of the Russian economy as a whole. Objective - Analysis of Venture Investment in Russia , identifying issues and current trends in development. In the process, a set of methods has been applied economic and statistical analysis: methods of synthesis, comparison and analysis of economic and statistical information. In the study, it was determined that the current Russian venture market is characterized by an increase in the number of venture capital funds and private equity funds, as well as increasing their capitalization; an increasing number of companies financed, but about 90 % of all investments allocated for funding mature companies and only 10 % - for companies at the venture development stages; Central Federal District continues to firmly hold the leadership of the share of the total investment of all federal districts . Identified the following problems: lack of funding companies in the initial stages of development, infrastructure venture industry, inadequate legislation and taxation system , the problems associated with the protection and registration of intellectual property, the problem of lack of professional management, the lack of a well-functioning stock market, high-tech industries unattractive for investment.Purchase on Elibrary.ru > Buy nowDOI: http://dx.doi.org/10.12731/2070-7568-2014-3-5

  15. A strategic framework to utilise venture capital funding to develop manufacturing SMES in South Africa

    Directory of Open Access Journals (Sweden)

    Snyman, Hendrik Andries

    2014-08-01

    Full Text Available SMEs contribute considerably to the national GDP and to private sector employment, but they struggle to gain access to the funding needed to support business sustainability and growth. Venture capital provides the necessary funding, but SMEs lack understanding of the business value curve utilised by financiers to gauge the risk-reward characteristics of an investment. Strategies need to convey how the business model will evolve in order to deliver on the strategic intent. A framework is proposed through which SMEs can develop a strategy aligned with investor requirements. As a case study, the framework is applied to the local tooling sector.

  16. The use of joint ventures to accomplish aboriginal economic development: Two examples from British Columbia

    Directory of Open Access Journals (Sweden)

    Jeremy Boyd

    2009-09-01

    Full Text Available “Aboriginal economic development” differs from other forms of development by emphasizing aboriginal values and community involvement. Joint ventures, while providing business advantages, may not be able to contribute to aboriginal economic development. This paper examines two joint ventures in the interior of British Columbia to examine their ability or inability to contribute the extra dimensions of development desired by aboriginal communities. The AED framework examines business structure; profitability; employment; aboriginal capacity in education, experience, and finance; preservation of traditional values, culture and language; control of forest management over traditional territory; and community support. Established in the context of unresolved land claims, both enterprises partially contribute to aboriginal economic development, but in different ways and with different overall results.

  17. Strategies for International Development in Knowledge Intensive New Ventures

    DEFF Research Database (Denmark)

    Lassen, Astrid Heidemann; McKelvey, Maureen; Slepniov, Dmitrij

    2011-01-01

    The overall question dealt with in this paper is how and why KIE firms engage in international development. Based on five in-depth case studies we illustrate that in addition to the well-known factors of internationalization, KIE ventures show a number of anomalies, suggesting that KIE ventures...... internationalise for different reasons and in different manners than what has normally been portrayed in IB literature. We argue that such findings hold significant consequences for understanding future Asia-Euro collaboration, where traditional roles of European development vs. Asian manufacturing are challenged....

  18. A critical analysis of the influence of start-up factors in small businesses and entrepreneurial ventures in SA

    Directory of Open Access Journals (Sweden)

    J. J. Van Vuuren

    2007-12-01

    Full Text Available Purpose: This paper focuses on a critical analysis of the influence of start-up factors in small businesses and entrepreneurial ventures in Gauteng, a province in South Africa.Problem investigated: Owing to the low economic growth, high unemployment, and an unsatisfactory level of poverty in South Africa, entrepreneurship becomes a critical solution for the starting and developing of small businesses. Although the South African Government are constantly improving in eliminating barriers to potential start-ups, South Africa's TEA is not up to standard if it wants to sustain economic growth rates that will create wealth for everybody. Various factors influence and play a role in the establishment and operation of small businesses and entrepreneurial ventures.Design/methodology/approach: An ex-post facto, formal research design was used as respondents were requested to indicate on a four-point scale how important they deemed 37 items in a structured personal interview. A sample of 312 elements was included in the research. The data was analysed through a factor analysis and analysis of variance.Findings: Four factors were identified that influence the start-up of small businesses and entrepreneurial ventures. They are: personal management and involvement; role models; effective time management; and support from partners and advisors. It is very clear that there is a definite difference in the needs and factors influencing: women and male entrepreneurs; the age of entrepreneurs and the stage of the business in its life cycle.Value of research: By analysing the factors that influence start-up, it can make potential entrepreneurs aware of theimportance of considering these factors in the start-up and growth of their businesses.Conclusion: The findings of this research are in line with similar international research (Mazzarol et al., 1999 and Deakins & Freel, 2003 on various aspects influencing the start-up of businesses. Although a lot of support

  19. A critical analysis of the influence of start-up factors in small businesses and entrepreneurial ventures in SA

    Directory of Open Access Journals (Sweden)

    J. J. Van Vuuren

    2007-12-01

    Full Text Available Purpose: This paper focuses on a critical analysis of the influence of start-up factors in small businesses and entrepreneurial ventures in Gauteng, a province in South Africa. Problem investigated: Owing to the low economic growth, high unemployment, and an unsatisfactory level of poverty in South Africa, entrepreneurship becomes a critical solution for the starting and developing of small businesses. Although the South African Government are constantly improving in eliminating barriers to potential start-ups, South Africa's TEA is not up to standard if it wants to sustain economic growth rates that will create wealth for everybody. Various factors influence and play a role in the establishment and operation of small businesses and entrepreneurial ventures. Design/methodology/approach: An ex-post facto, formal research design was used as respondents were requested to indicate on a four-point scale how important they deemed 37 items in a structured personal interview. A sample of 312 elements was included in the research. The data was analysed through a factor analysis and analysis of variance. Findings: Four factors were identified that influence the start-up of small businesses and entrepreneurial ventures. They are: personal management and involvement; role models; effective time management; and support from partners and advisors. It is very clear that there is a definite difference in the needs and factors influencing: women and male entrepreneurs; the age of entrepreneurs and the stage of the business in its life cycle.Value of research: By analysing the factors that influence start-up, it can make potential entrepreneurs aware of theimportance of considering these factors in the start-up and growth of their businesses. Conclusion: The findings of this research are in line with similar international research (Mazzarol et al., 1999 and Deakins & Freel, 2003 on various aspects influencing the start-up of businesses. Although a lot of support

  20. Can High-Tech Ventures Benefit from Government Guanxi and Business Guanxi? The Moderating Effects of Environmental Turbulence

    Directory of Open Access Journals (Sweden)

    Dejin Su

    2017-01-01

    Full Text Available The construct of guanxi has become an interesting topic for analyzing how to do business more effectively and successfully in China’s economic transition period. Drawing on the guanxi strategy theory, this study examines when government guanxi (guanxi with the government and its officials and business guanxi (guanxi with the business sectors matter to new venture performance under two typical turbulent environments (institutional turbulence and market turbulence. According to empirical results using original data from 146 new ventures in clusters driven by China’s local governments, both government guanxi and business guanxi were positively related to new venture performance, and market turbulence was an important contextual factor influencing performance benefits of guanxi. However, the results reveal no moderating effects of institutional turbulence on direct relationships. Furthermore, the study provides a better conceptual and empirical understanding of why market turbulence is a double-edged sword for performance implications of guanxi in the rapidly changing business environment.

  1. Developing corporate venture capabilities- the case of a european industrial conglomerate

    DEFF Research Database (Denmark)

    Skat-Rørdam, Peter

    The paper examines the role of replication in the development and governing of corporate ventures.......The paper examines the role of replication in the development and governing of corporate ventures....

  2. Small Business Development Center

    Data.gov (United States)

    Small Business Administration — Small Business Development Centers (SBDCs) provide assistance to small businesses and aspiring entrepreneurs throughout the United States and its territories. SBDCs...

  3. Seeing What Sticks! Revenue Diversification and New Venturing in the Business Schools of the California State University

    Science.gov (United States)

    Oubre, Linda Seiffert

    2017-01-01

    With changing funding models and increased competition, academic institutions are increasingly looking for new ways to finance their missions. Business schools are turning to revenue diversification through new venturing to offset declining MBA enrollment, high business faculty salaries, and changes in accreditation standards that require more…

  4. Development of New B2B Venture Corporate Brand Identity

    DEFF Research Database (Denmark)

    Törmälä, Minna; Gyrd-Jones, Richard I.

    2017-01-01

    capital of the organisation or the founder. We challenge this view in this paper from a conceptual and empirical perspective. Combining narrative theory and performativity theory this article suggests brand identity develops as a narrative performance. The study employs a narrative case analysis...... of interviews and archival data generated during a three-year period to examine the development of corporate brand over time. This study shows that the development of corporate brand identity and the context of the development of new B2B venture are closely intertwined processes and provides a framework......The development and role of brand identity in new B2B ventures is not well explored despite the challenge for such organisations in establishing reputational legitimacy. Previous research defines corporate brand identity as stable and endogenous to the organisation based either on the reputational...

  5. Promoting Business and Entrepreneurial Awareness in Health Care Professionals: Lessons From Venture Capital Panels at Medicine 2.0 Conferences

    Science.gov (United States)

    Patel, Jigar; Eysenbach, Gunther

    2014-01-01

    There are few mechanisms that bring the academic and business worlds together in a way that would maximize the success of health technology (health tech) start-ups by increasing researchers’ knowledge about how to operate in the business world. Existing solutions (eg, technology transfer offices and dual degree MD/MBA programs) are often unavailable to researchers from outside the institution or to those who have already completed their primary education, such as practicing physicians. This paper explores current solutions and offers a partial solution: include venture capital (VC) panels in medical conferences. These VC panels educate academics on 2 important and interconnected issues: how to “pitch” their ideas in the business world and what to consider when creating a company. In these sessions, academia-based start-up companies present their ideas before a VC panel composed of professional investors and receive feedback on their idea, business plan, and presentation techniques. Recent panel recommendations from Medicine 2.0 conferences fell into 7 categories: (1) the product, service, or idea you are developing into a company, (2) determine market forces and identify the target audience, (3) describe your competitive advantage, (4) the business plan, (5) current and future resources and capabilities, (6) legal aspects, and (7) general advice on the art of pitching. The academic and business literature validates many of these recommendations suggesting that VC panels may be a viable and cost-effective introduction to business and entrepreneurial education for physicians and other health care professionals. Panels benefit not only the presenting companies, but also the physicians, psychologists, and other health care professionals attending the session. Incorporating VC panels into academic conferences might also illuminate the need for incorporating relevant business training within academia. PMID:25100579

  6. Promoting business and entrepreneurial awareness in health care professionals: lessons from venture capital panels at medicine 2.0 conferences.

    Science.gov (United States)

    Miron-Shatz, Talya; Shatz, Itamar; Becker, Stefan; Patel, Jigar; Eysenbach, Gunther

    2014-08-06

    There are few mechanisms that bring the academic and business worlds together in a way that would maximize the success of health technology (health tech) start-ups by increasing researchers' knowledge about how to operate in the business world. Existing solutions (eg, technology transfer offices and dual degree MD/MBA programs) are often unavailable to researchers from outside the institution or to those who have already completed their primary education, such as practicing physicians. This paper explores current solutions and offers a partial solution: include venture capital (VC) panels in medical conferences. These VC panels educate academics on 2 important and interconnected issues: how to "pitch" their ideas in the business world and what to consider when creating a company. In these sessions, academia-based start-up companies present their ideas before a VC panel composed of professional investors and receive feedback on their idea, business plan, and presentation techniques. Recent panel recommendations from Medicine 2.0 conferences fell into 7 categories: (1) the product, service, or idea you are developing into a company, (2) determine market forces and identify the target audience, (3) describe your competitive advantage, (4) the business plan, (5) current and future resources and capabilities, (6) legal aspects, and (7) general advice on the art of pitching. The academic and business literature validates many of these recommendations suggesting that VC panels may be a viable and cost-effective introduction to business and entrepreneurial education for physicians and other health care professionals. Panels benefit not only the presenting companies, but also the physicians, psychologists, and other health care professionals attending the session. Incorporating VC panels into academic conferences might also illuminate the need for incorporating relevant business training within academia.

  7. Universities Venture into Venture Capitalism.

    Science.gov (United States)

    Desruisseaux, Paul

    2000-01-01

    Reports that some universities are starting their own venture-capital funds to develop campus companies, or are investing endowment funds with established venture-capital firms inclined to finance potential spinoffs from campus research. Examples cited are from the University of Alabama, Vanderbilt University (Tennessee), University of…

  8. DEVELOPMENT INSTITUTIONS «CULTIVATION» OF INNOVATIVE PROJECTS IN THE CONTEXT OF THE FORMATION OF VENTURE CAPITAL ECOSYSTEM

    Directory of Open Access Journals (Sweden)

    M. N. Dudin

    2016-01-01

    Full Text Available The current state of the Russian economy is characterized as unstable in the background influence of a combination of factors, including which are rooted in a fairly distant past. Delayed impact of these factors is expressed in the fact that the transition to innovation-oriented and environmentally responsible economic growth is difficult in many ways. But, despite this, the Russian economy is strong enough and gained significant development potential. Available reserves and potential accumulated national economies could be realized through the use of a new formation: the institutions 'growing'. This methodical approach, and this practice is well established itself abroad (USA, Japan and many countries of the European Union, it is proposed to use this experience in Russian conditions. The basis for the efficient functioning of the institutions «growing» forms the venture ecosystem. Venture Ecosystem – a specially built set of structural components that define the goals, objectives and directions of development of the system in accordance with its strategic purpose in the economy. In this article defined the concept of venture capital ecosystem, considered the objectives and components of the venture capital ecosystem, the characteristic of the state of the domestic venture capital ecosystem highlighted ways to improve it. Resulting in the conclusions and definitions may be used in the practice of building the institutional venture capital environment, focused on the full support of innovative activity of small and medium-sized businesses. In addition, the conclusions and recommendations contained in the article can be used in the development of normative legal acts, including those aimed at promoting high-tech sectors of the Russian economy.

  9. Integrated business development

    OpenAIRE

    Koppers, Carina; Klumpp, Matthias

    2010-01-01

    Business Development traditionally has an incorporated focus on marketing and marketing models as well as marketing competencies among business development managers. However, the discussed case studies results and trends in business and market behaviour point to the fact that in the future only an integrated model of business development (including logistics, supply and quality management models and activities, respectively personnel) can provide significant competitive advantages especially ...

  10. European business venturing in times of digitisation - An analysis of for-profit business incubators in a triple helix context

    DEFF Research Database (Denmark)

    Kreusel, Nico; Roth, Natalie; Brem, Alexander

    2018-01-01

    -dominated incubation landscape may influence established theoretical frameworks. Within this context, this paper analyses 11 German business incubators to look at the most common types of for-profit business incubators in Germany and their main characteristics. Moreover, it introduces classification criteria......Business incubators have been developed as a key component of entrepreneurial activities in countries all over Europe. These incubators have a non-profit or a for-profit profile, with one-third located in Germany. The increased engagement of private business in what was a public...... for these incubators. Another aspect of the analysis is the effect of the triple helix dimensions of the different incubation types. The results show that two additional types of incubators can be identified in addition to the traditional public business incubator model, namely 'company builders' and 'accelerators...

  11. Venture Capital and Strategic Investment for Developing Government Mission Capabilities

    Science.gov (United States)

    2014-01-01

    Ecosystem ...43 ix Tables 2.1. Summary of the Innovation Ecosystem ...the information sharing between entrepreneurs and private venture capitalists. The degree to which this information has translated into effective

  12. Simultaneous Experimentation as a Learning Strategy: Business Model Development Under Uncertainty

    NARCIS (Netherlands)

    Andries, Petra; Debackere, Koenraad; van Looy, Bart

    2013-01-01

    Ventures operating under uncertainty face challenges defining a sustainable value proposition. Six longitudinal case studies reveal two approaches to business model development: focused commitment and simultaneous experimentation. While focused commitment positively affects initial growth, this

  13. Measuring the usefulness of social media information for new venture development decision-making

    National Research Council Canada - National Science Library

    den Engelse, Natalie; Wijnhoven, Alphonsus B.J.M; Groen, Arend J

    2012-01-01

    .... Little is known on how these media are used by entrepreneurs for information acquisition and to what extent entrepreneurs use social media information in their decision-making during venture development...

  14. Determinants of Cross-border Venture Capital Investments in Emerging and Developed Economies

    DEFF Research Database (Denmark)

    Hain, Daniel; Johan, Sofia A.; Wang, Daojuan

    2016-01-01

    examine worldwide venture capital investment flows from 2000–2012 and consider the effects of geographical, cultural, and institutional proximity as well as institutional and relational trust. We find trust to mitigate the negative effects of geographical and cultural distance, where institutional trust......Frequent and open interaction between venture capitalists (VCs) and entrepreneurs is necessary for venture capital investments to occur. Increasingly, these investments are made across jurisdictions. The vast majority of these cross-border investments are carried out in a syndicate of two or more...... is more relevant for investments in emerging economies, and relational trust is more relevant for investments in developed economies....

  15. Guest Editorial: Business Models/Projects – Design, Venture, Manage and Evaluate

    OpenAIRE

    Rao, Narendar V.; Reddy, K.S.; Arrawatia, Rakesh

    2017-01-01

    A number of literature reviews on business models and innovation have suggested that business models are mainly rooted in resource-based view (RBV) and transaction cost economics (TCE) theories. Since business models is a burgeoning research field in strategic management, scholars have paid a great attention toward conceptualizing what business models are, how business models are evolved, and what theories explain business models. The special issue welcomed scholars to submit their academic r...

  16. Determinants of Cross-border Venture Capital Investments in Emerging and Developed Economies

    DEFF Research Database (Denmark)

    Hain, Daniel; Johan, Sofia A.; Wang, Daojuan

    2016-01-01

    Frequent and open interaction between venture capitalists (VCs) and entrepreneurs is necessary for venture capital investments to occur. Increasingly, these investments are made across jurisdictions. The vast majority of these cross-border investments are carried out in a syndicate of two or more...... examine worldwide venture capital investment flows from 2000–2012 and consider the effects of geographical, cultural, and institutional proximity as well as institutional and relational trust. We find trust to mitigate the negative effects of geographical and cultural distance, where institutional trust...... VCs, indicating the effects of intra-industry networks needing further analysis. Using China as a model, we provide a novel multidimensional framework to explain cross-border investments in innovative ventures across developed and emerging economies. By analyzing a unique international dataset, we...

  17. Corporate Venturing

    DEFF Research Database (Denmark)

    Vintergaard, Christian

    involved in recognition and discovery. Consequently thepaper offers insight to a diversified group of actors who mix and match technological and marketcapabilities in a constant process of recognition and discovery.Key words: Corporate venturing, entrepreneurship, discovery, networks, opportunities,recognition.......From the perspective of Austrian economics, this paper develops a conceptual understanding ofhow corporate venture managers recognize and discover opportunities in a network environment.In an effort to create a better understanding of who is involved in process, this paper reports onthe development...... path of an entrepreneurial opportunity of the Danish corporate venture capitalist,Danfoss A/S. This paper distinguishes itself from previous research done on entrepreneurialopportunities by creating a holistic and conceptual framework, which broadens and expands theperception of the market participants...

  18. Taxes and Venture Capital Support

    DEFF Research Database (Denmark)

    Keuschnigg, Christian; Nielsen, Søren Bo

    2003-01-01

    In this paper we set up a model of start-up finance under double moral hazard.Entrepreneurs lack own resources and business experience to develop their ideas.Venture capitalists can provide start-up finance and commercial support. The effortput forth by either agent contributes to the firm......-set may paradoxically contribute to higher quality of venturecapital finance and welfare. Subsidies to physical investment in VC-backed startupsare detrimental in our framework.Keywords: Venture capital, capital gains taxation, double moral hazard.JEL-Classification: D82, G24, H24, H25...

  19. Business plan competition

    CERN Multimedia

    2007-01-01

    "Venture – Companies for tomorrow" is a business plan competition, which supports students and other junior entrepreneurs in developing their business plans. The sixth edition of the competition is now taking place. Venture 2008 highlights: - prize money totalling CHF 150’000; - possibility to optimize business ideas and business plans with the help of experienced coaches: around 200 coaches are available, with a wide range of backgrounds, entrepreneurs as well as venture capitalists; -\tpossibility to present business ideas and business plans to potential investors ("Investor Days" - 17 January and 7 May); - active involvement in the start-up community; -\tcontribution to potential independence. The competition consists of two phases: Phase I, Business idea, Deadline for submission of business idea: 5 December 2007 (online at http://www.venture.ch). Award Ceremony: 17 January 2008 Phase II, Business plan Deadline for submission of business plan: 2 April 2008 (online at...

  20. A review of telemedicine business models.

    Science.gov (United States)

    Chen, Shengnan; Cheng, Alice; Mehta, Khanjan

    2013-04-01

    Telemedicine has become an increasingly popular option for long-distance/virtual medical care and education, but many telemedicine ventures fail to grow beyond the initial pilot stage. Studying the business models of successful telemedicine ventures can help develop business strategies for upcoming ventures. This article describes business models of eight telemedicine ventures from different regions of the world using Osterwalder's "Business Model Canvas." The ventures are chosen on the basis of their apparent success and their diverse value chains. The business models are compared to draw inferences and lessons regarding their business strategy and contextual factors that influenced it. Key differences between telemedicine business practices in developing and developed countries are also discussed. The purpose of this article is to inform and inspire the business strategy of the next generation of telemedicine ventures to be economically sustainable and to successfully address local healthcare challenges.

  1. Why do entrepreneurial mHealth ventures in the developing world fail to scale?

    Science.gov (United States)

    Sundin, Phillip; Callan, Jonathan; Mehta, Khanjan

    Telemedicine is an increasingly common approach to improve healthcare access in developing countries with fledgling healthcare systems. Despite the strong financial, logistical and clinical support from non-governmental organisations (NGOs), government ministries and private actors alike, the majority of telemedicine projects do not survive beyond the initial pilot phase and achieve their full potential. Based on a review of 35 entrepreneurial telemedicine and mHealth ventures, and 17 reports that analyse their operations and challenges, this article provides a narrative review of recurring failure modes, i.e. factors that lead to failure of such venture pilots. Real-world examples of successful and failed ventures are examined for key take-away messages and practical strategies for creating commercial viable telemedicine operations. A better understanding of these failure modes can inform the design of sustainable and scalable telemedicine systems that effectively address the growing healthcare disparities in developing countries.

  2. Freemium Business Models as the Foundation for Growing an E-business Venture: A Multiple Case Study of Industry Leaders

    DEFF Research Database (Denmark)

    Günzel-Jensen, Franziska; Holm, Anna B.

    2015-01-01

    In e-business freemium business models have become legitimate. However, current research provides little insight on how the free and premium offering should be employed to lead to growth and success in the long run. The presented research aims to fill this gap by investigating how the property ‘f...

  3. From Creativity to New Venture Creation: A Conceptual Model of Training for Original and Useful Business Modelling

    DEFF Research Database (Denmark)

    Lund, Morten; Byrge, Christian; Nielsen, Christian

    2017-01-01

    the probability of a successful process leading to original and useful business models. These skill variables are related to the start-up process and to any processes aimed at rethinking or improving existing business models. The notions and potential effects of each focus, creativity and business modeling......This paper explores the processes of creating new companies with original and useful business models from a conceptual perspective. Based on data from large-scale creativity training programs and business model development studies in Denmark encompassing over 100 companies and 200 entrepreneurs...

  4. On Developing Business Chinese.

    Science.gov (United States)

    Hong, Wei

    1996-01-01

    Examines the significance of foreign languages for business, particularly Business Chinese, in the 1990s; its curriculum requirements; and the impact of business languages on international business. The article proposes a developmental plan for Business Chinese at the college level including goals, course materials, learning activities, and…

  5. Developing competitive advantage through startups and venture capital in emerging markets: A view from Israel.

    Directory of Open Access Journals (Sweden)

    Alexander Maune

    2017-06-01

    Full Text Available This article presents an examination of the emergence and co-evolution of startups and venture capital that led to the transformation of Israel into a Start-Up and Innovation Nation since its inception in 1948. Throughout, the co-evolution of startups and venture capital was considered a critical linkage between venture capital emergence and startup intensive cluster. The article also examined the three phased evolutionary model of 1969 to 2000. A discursive approach of related relevant literature was used. The study found out that the co-evolution of startups and venture capital, policy targeting and a network of a number of other factors as will be discussed in the three phased evolutionary model were critical to the emergence and change of the Israeli high-technology industry into a high-technology startup intensive industry. Israel has become the second largest world market for venture capital with more than 240 venture capitals since 1992. Israel has also become the lead in research and development attracting more than 270 multinational companies with more than 250 establishing research centers and employing over 108 000 in the country. The study also found that Israel leads other nations in per capita startups, engineers, scientists and technicians. This article will be critical for policy formulation and implementation especially in Emerging Markets. This article may lead to a shift in strategy in many emerging countries. This article will also help expand the academic knowledge by filling the existing gaps within the body of knowledge. Therefore, the article has academic, economic and policy value.

  6. Mapping network development of international new ventures with the use of company e-mails

    NARCIS (Netherlands)

    Wakkee, I.A.M.

    2006-01-01

    International new ventures use e-mail frequently to communicate with globally dispersed contacts. In this paper we present and discuss a qualitative research method to map international network development based on company e-mails. Our approach also allows for combinations of inductive and deductive

  7. Liability of newness: assessing couple social support when starting a new business venture.

    Science.gov (United States)

    Danes, Sharon M; Craft, Shonda M; Jang, Juyoung; Lee, Jinhee

    2013-10-01

    Study purpose was to investigate adapted social support instruments of nurturance and affiliation with male and female entrepreneurs and spouses starting a new business. Family Fundamental Interpersonal Relationship Orientation theory was the theoretical grounding. Business structure differed by entrepreneur gender in both direct and indirect spousal involvement. Both couple types were highly connected with their firms having high nurturance and affiliation scores. When couple discrepancies were compared, more male entrepreneur couples had shared meaning on business-oriented nurturance questions compared with female entrepreneur couples. The opposite was true for shared meaning on relationship-oriented nurturance. For all affiliation questions, more male entrepreneur couples had shared meaning than did female entrepreneur couples. Clinical applications of resulting instruments are discussed. © 2013 American Association for Marriage and Family Therapy.

  8. Business Incubation in Chile: Development, Financing and Financial Services

    Directory of Open Access Journals (Sweden)

    Aruna Chandra

    2012-07-01

    Full Text Available Business incubation in Chile is still in its nascent stages, with approximately 27 incubators supported primarily by a coalition of government and universities. Chilean business incubators tend to capitalize on regional resource strengths and have a strategic focus on high growth, high innovation, high impact businesses as a result of a government mandate to focus on developing business with high potential for economic development and job creation. The government’s efforts to create the framework conditions for entrepreneurship by investing in business incubators, organizing risk capital for early stage ventures to fill capital market gaps and support for angel networks as well as incubator funding are discussed. Policy implications for the continued growth of the incubation industry are provided.

  9. Instructional Ventures

    Directory of Open Access Journals (Sweden)

    Robert Prus

    2015-04-01

    Full Text Available Beyond promoting a mode of ethnographic inquiry that is conceptually informed and rigorously attentive to the actualities of human lived experience, this article encourages a more sustained, comparative analysis of the ways that administrators and instructors deal with education as a collectively developed venture. After (a establishing an analytic frame for a more comprehensive approach to education as a socially engaged process, this article focuses on (b the administration of educational programs and (c providing instruction as activity “in the making,” using an ethnographic study of two Protestant Christian seminaries as an empirical, illustrative case. While providing an agenda for examining the ways that people generate and sustain instructional ventures in any educational context, the material presented here also represents an important focal point for theoretically, conceptually, and methodologically integrating research that attends to the ways that instructional (administrative and teaching activities are accomplished in practice.

  10. Business development - the function, research propositions, and managerial implications

    DEFF Research Database (Denmark)

    Sørensen, Hans Eibe

    and executives from high-tech firms and venture capitalists in North America, Asia, and Europe to provide a foundation for future research. Business development is an emerging staff function providing an added level of sophistication to the firms' overall strategic management with interesting performance......  The management literature reflects remarkable little effort to investigate the nature and consequences of firms' business development activities. This exploratory research aims at synthesizing the scholarly knowledge on the subject with field interviews with senior business developers...... implications. The business development function is typically found in progressive firms especially within high-tech industries, but is argued to become critical for all types of firms across industries wishing to grow and accumulate wealth. Research propositions and managerial implications are discussed....

  11. Joint ventures

    DEFF Research Database (Denmark)

    Sørensen, Karsten Engsig

    Afhandlingen analysere de konkurrenceretlige og selskabsretlige regler som er bestemmende for hvordan et joint venture samarbejde er struktureret......Afhandlingen analysere de konkurrenceretlige og selskabsretlige regler som er bestemmende for hvordan et joint venture samarbejde er struktureret...

  12. Business ethics in developing countries

    Directory of Open Access Journals (Sweden)

    G.J. Rossouw

    1992-03-01

    Full Text Available Underlying this paper is the conviction that it is of the utmost importance that business ethics should indeed become an integral part of business culture in all, and therefore also in developing countries. It is not to be denied that business ethics has to a much larger extent become pari of the business culture' in developed countries than in developing countries. The primary aim of this paper is to provide an explanation for the fact that business ethics is fighting an uphill battle in becoming pari of the business culture in developing countries. Secondly, a thumbnail sketch is given of the preconditions that have to be fulfilled in order to stimulate the development of a moral business culture in developing countries. In order to achieve these goals I will focus mainly on Africa, and more specifically on South Africa.

  13. Beyond effectuation: Analysing the transformation of business ideas into ventures using actor-network theory"

    DEFF Research Database (Denmark)

    Murdock, Karen; Varnes, Claus Juul

    2018-01-01

    as new humans or non-humans become part of it. Including a resource in the network means simultaneously changing the network. This interactionism shows that what sparks interest or attracts resources to a business idea is not simply an influx of additional resources but is simultaneously a dynamic......, affordable loss, and other key concepts from this theoretical perspective. Drawing upon actor-network theory (ANT), this study demonstrates how different framing and support devices implicate different human and non-human actors in changing interpositions within the entrepreneurial process. Design...... interviews. This design allows the authors to focus on how the project emerges and is continuously supported by allies but is sometimes not supported by various human and non-human actors. Findings This study demonstrates that the entrepreneurial project undertaken by the entrepreneurial network changes...

  14. Organization Development in Business Education

    Science.gov (United States)

    Warrick, D. D.; Zawacki, Robert A.

    1977-01-01

    Presents results of a survey of the domestic membership of the American Association of Collegiate Schools of Business, which indicated that organization development (OD) is becoming a regular part of the curriculum in college level business schools. Ten tables indicating various aspects of OD growth in business school curricula are included. (TA)

  15. [ADVANCE: America`s economic Development Venture for Area Neighborhoods, Communities, and Enterprises]. Quarterly progress report -- Year two

    Energy Technology Data Exchange (ETDEWEB)

    McDavid, R.A.

    1998-12-01

    The US Department of Energy (DOE) has a mission to foster a secure and reliable energy system that is environmentally and economically sustainable, to be a responsible steward of the Nation`s nuclear weapons, to clean up decommissioned facilities, and to support continued US leadership in science and technology. To effectively utilize and integrate its mission, DOE has created the Regional Environmental Technology and Business Development Office (RETBDO) serving as a Community Reuse Organization, a stakeholder organization, which represents interests and economic concerns of communities surrounding DOE sites that are being closed or reconfigured. RETBDO is a branch office of ADVANCE, a 501(c) (3) non-profit organization established in 1994. The mission of RETBDO is to diversify the economy by creating an environment conductive to improve the representation of minorities and small businesses in the region and to assure fair business participation in major environmental decision-making, technology based start-ups, expansion management, and the attractive of new ventures to the Southwest region, including, bu not limited to, California, Nevada, Utah, Colorado, Arizona, New Mexico, and Texas. This report describes the RETBDO program and its implementation.

  16. Business problems encountered when developing an own business ...

    African Journals Online (AJOL)

    business problems, owners versus managers, age of business, training. 1The contribution of small ... Business problems in developing a business in a financially constrained environment small business in developed ..... from the SMEs' perspective, a random sample was drawn using the census data as a sampling frame.

  17. Measuring the usefulness of social media information for new venture development decision-making

    OpenAIRE

    den Engelse, Natalie; Wijnhoven, Alphonsus B.J.M.; Groen, Arend J.

    2012-01-01

    Social media are being adopted by a growing number of entrepreneurs. Yet, the majority of academic research has focused on social media as marketing tools. Little is known on how these media are used by entrepreneurs for information acquisition and to what extent entrepreneurs use social media information in their decision-making during venture development. This paper addresses this gap in two ways. First, by assessing to what extent entrepreneurs perform four entrepreneurial information acqu...

  18. Business model in research-development activity

    Directory of Open Access Journals (Sweden)

    Koszałka Jerzy

    2016-09-01

    Full Text Available The partners and allies of business practice in the processes of modernization of the economy are scientific-research institutions, such as scientific institutes, research-development units and universities. A market on which companies can look for the solutions they need and scientific-research institutions can look for inspiration, partners and capital is being formed. The market provides conditions for operation, development and implementation of developed solutions. Taking into consideration the complexity of market, technical, legal, financial, or intellectual property protection issues, research-development units are more and more frequently unable to function efficiently without a clear and unequivocal definition of goals, methods and conditions of activity. Their market offer has to take into consideration not just scientific-research, or methodological aspects. Taking into consideration continuously growing demands of the clients and pressure of the competition, scientific-research institutions have to pay attention also to market, information, personnel, or financial aspects typical of strictly commercial ventures. What may support a comprehensive preparation and implementation of scientific-research activities under market conditions are tools successfully used in trade and economy, such as business models. These issues are the basis of deliberations contained in this work.

  19. Open Innovation Thinking as a Mechanism for Strategic Development of Knowledge Intensive Ventures

    DEFF Research Database (Denmark)

    Lassen, Astrid Heidemann; McKelvey, Maureen

    Despite the significant number of studies conducted in the general area of entrepreneurship and management, little attempt has been made to systematically gather evidence on the innovation strategies pursued specifically by new knowledge intensive ventures, and how open innovation may influence...... the development of such ventures. This create a lack in our understanding of the mechanisms affecting knowledge-intensive entrepreneurship, its relation to open innovation and the outcome hereof, as well as the understanding of the linkages between the concept of open innovation and entrepreneurship. Relevant...... questions on the specificities hereof remain unanswered. This is the starting point of the current research study. In order to research the identified gap in knowledge, we address the following research question in this paper. How do strategic considerations unfold in the context of knowledge intensive...

  20. Stages of Business Development and Job Generation: Implications for Marketing and Business Educators.

    Science.gov (United States)

    Stone, James R., III; Wentling, Rose Mary

    1988-01-01

    A sample of 400 Wisconsin business owners (69 percent response) and 200 potential entrepreneurs (27 percent response) identified the relationship of personal characteristics, motivational factors, and the decision to start a business, as well as perceived barriers to business ventures. Unsuccessful potential entrepreneurs differed from successful…

  1. Broadview Ventures

    Directory of Open Access Journals (Sweden)

    Christopher Colecchi, BA, MPH

    2016-01-01

    Full Text Available Translational investigators and companies face a challenging economic environment when seeking funds to move pre-clinical stage research into human testing and beyond. Specifically, funding for cardiovascular research and product development is difficult to secure, whether from the NIH, venture capitalists, or industry. But new funding models for advancing patient-oriented science to the commercial sector are emerging. Boston-based Broadview Ventures, created by the Leducq Family Trust, promotes the development of technology for the diagnosis and treatment of cardiovascular disease and stroke through direct equity-based investments. It targets early stage companies seeking to fund proof-of-concept for technologies that hold promise as future breakthroughs for patient care. With 27 such investments over the last seven years, Broadview has considerable experience in the seed/early-stage space, and its investment model is demonstrating early signs of success. Broadview actively seeks collaborations with world-class translational investigators, inventors, and their companies, and welcomes scientific inquiries, discussion and proposals for funding.

  2. Fiscal 1998 achievement report on regional consortium research and development project. Venture business raising type regional consortium - Small business creation base type (Regional activation and environment conservation by development of hybrid timber using domestic wood - 2nd year); 1998 nendo chiiki hybrid gijutsu kaihatsu ni yoru kankyo hozen to chusankanchi no kassei seika hokokusho (dai 2 nendo)

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2000-03-01

    For the settlement of problems of near-mountainous regions growing desolate and for contribution to the solution of environmental problems, locally harvested Japanese cryptomeria, Japanese cypress, pine, etc., have to come back again as main industrial materials to eventually restore agreeable relationship between industry and local life. Results attained in fiscal 1998 about the development of high quality structural plywood and LVL (laminated veneer lumber) production are described. To solve problems about relative strength between individual materials and absolute strength in each of them and about their variations, and to eliminate such variations for their conversion into materials higher in strength and less in variation, technologies have been developed for grading individual wood veneers and for constituting high stress plywood using post-sorting wood veneers. By measuring Young's moduli for fabricated wood veneers using a dynamic Young's modulus measuring device, manufacture of LVL with an intended Young's module has become feasible. Concerning the domestically harvested cypress whose effective utilization is much desired, Young's module is measured for each wood veneer for their grading, and high-strength, high-performance LVL is obtained by laminating them. Cypress veneers short of predetermined standards may be hybridized with imported larch high in Young's module for the production of useful lumber. (NEDO)

  3. Fortification of New Venture Branding through Brand Image and Brand Identity : An exploratory study to shed new light on branding for new venture entrepreneurs

    OpenAIRE

    Bjur, Elin; Christo-Dionne, Dimitri

    2016-01-01

    Introduction Entrepreneurs embarking upon a new business venture have a vast amount of responsibilities to consider during the new venture phase, therefore strategically taking action to gain a competitive advantage in the marketplace is a necessity. While there exist many routes towards acquiring an edge over the competition, branding proves to be a highly effective and influential strategy. As entrepreneurs are left to their own business development devise, there is no one approach towards ...

  4. How venture capital works.

    Science.gov (United States)

    Zider, B

    1998-01-01

    The popular mythology surrounding the U.S. venture-capital industry derives from a previous era. Venture capitalists who nurtured the computer industry in its infancy were legendary both for their risk taking and for their hands-on operating experience. But today things are different, and separating the myths from the realities is crucial to understanding this important piece of the U.S. economy. Today's venture capitalists are more like conservative bankers than the risk takers of days past. They have carved out a specialized niche in the capital markets, filling a void that other institutions cannot serve. They are the linch-pins in an efficient system for meeting the needs of institutional investors looking for high returns, of entrepreneurs seeking funding, and of investment bankers looking for companies to sell. Venture capitalists must earn a consistently superior return on investments in inherently risky businesses. The myth is that they do so by investing in good ideas and good plans. In reality, they invest in good industries--that is, industries that are more competitively forgiving than the market as a whole. And they structure their deals in a way that minimizes their risk and maximizes their returns. Although many entrepreneurs expect venture capitalists to provide them with sage guidance as well as capital, that expectation is unrealistic. Given a typical portfolio of ten companies and a 2,000-hour work year, a venture capital partner spends on average less than two hours per week on any given company. In addition to analyzing the current venture-capital system, the author offers practical advice to entrepreneurs thinking about venture funding.

  5. Development of a Nigerian Business Law Module for Business ...

    African Journals Online (AJOL)

    Development of a Nigerian Business Law Module for Business Students at the University of Hull, United Kingdom. ... of students are business owners undergoing a part time programme in business administration who are interested in investing in the Nigerian economy via the medium of foreign direct investment.

  6. 76 FR 8221 - Small Business Size Regulations; 8(a) Business Development/Small Disadvantaged Business Status...

    Science.gov (United States)

    2011-02-11

    ... February 11, 2011 Part VII Small Business Administration 13 CFR Parts 121 and 124 Small Business Size Regulations; 8(a) Business Development/Small Disadvantaged Business Status Determinations; Final Rule #0;#0... BUSINESS ADMINISTRATION 13 CFR Parts 121 and 124 RIN 3245-AF53 Small Business Size Regulations; 8(a...

  7. DEVELOPING APPLICATIONS FOR ELECTRONIC BUSINESS

    Directory of Open Access Journals (Sweden)

    Georgeta Șoavă

    2012-12-01

    Full Text Available We are in the early 3rd millennium as companies face the need to exploit technology changing computer environments, in order to improve customer satisfaction and reduce costs. Thus, the development of e-business, the efficient use of new information technologies in business, by developing an alternative sales channel with relatively low costs, it manages to establish relationships with incomparably greater number of customers, to traditional approaches. Starting from these general considerations, we conducted this work we divided it into four parts. In the first part we present general context in which companies can achieve needs using new technologies, then we reviewed the basic elements in developing e-business type applications presenting their main benefits. Next, I approached refining models for e-business software development and use of distributed architectures for electronic commerce, concluding with a set of conclusions.

  8. Investors' perspective and needs in the process of developing a business plan

    Directory of Open Access Journals (Sweden)

    Stankov Biljana

    2015-01-01

    Full Text Available A business plan is a very important written document about the current state and future intentions of the company and it meets the information and other needs of a wide range of users, regardless of the size of the company and its organizational structure, or belonging to particular economic activity; regardless of the stage of the life cycle in which the company is located and the like . A business plan is written by the existing, established companies for different needs as well as by startup companies that are eager to show the profitability of the business venture and the success of business ideas realization. The business plan often stands out as a means to establish initial communication between entrepreneurs and financing sources, as well as for their initial meeting. The research problem relates to highlighting the business plan as a very powerful means in the hands of entrepreneurs in applying for obtaining the necessary financial resources. The subject of the research includes the analysis of the differences between the many users of a business plan with an emphasis on commercial banks, investment funds and private investors, as financiers of the business venture and the most important users. The aim of the research relates to highlighting the needs of investors and appreciation of their perspectives in the process of developing a business plan, because without a quality business plan investor is at risk of unsafe moving through a very uncertain and changing environment.

  9. The Impact of SimVenture on the Development of Entrepreneurial Skills in Management Students

    Science.gov (United States)

    Williams, Dina

    2015-01-01

    The purpose of this study was to bridge a gap in our understanding of the role business simulation games can play in the development of entrepreneurial capabilities in undergraduate students. While entrepreneurship education has come a long way from being a branch of business and management studies, to its current status as a core discipline in…

  10. Report on achievements in fiscal 1998. Venture business growing type consortium - small business creating infrastructure (Development of functional metal for high-level information system controlled in angstrom units); 1998 nendo angstrom de seigyoshigta kodo johoka system kinosei kinzoku mirror no kaihatsu seika hokokusho. 2

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2000-03-01

    The present research and development works are intended to develop a technology to form semi-transparent films required in the functional metal mirror used for the next-generation car navigation display and required for color display with higher visibility, controlling the thickness uniformly in angstrom units in as large area as mass production levels (about 500 mm square). The development is based on the vacuum arc deposition process stated in the patent No. 2857743 granted to Osaka Industrial Technology Research Institute of the Agency of Industrial Science and Technology. The development items are as follows: (1) development of a film forming device capable of forming the film uniformly on a large-area substrate, (2) film forming conditions, film quality, and anti-for properties (specified resistance of 5 ohms per square), (3) a semi-transparent metal film laminated with several layers in a thickness of 100 angstrom, its permeation and reflection characteristics, (4) discussions on surface pretreatment to enhance adhesion, and (5) establishment of a substrate technology intended for practical application of the vacuum arm deposition process. In Item (1), development was performed on a device to develop a metal mirror. In Item (2), the precious metal surface was found to have the best stability. In Item (3), fundamental data were accumulated on vacuum arc guns and different metal targets. In Item (4), data were accumulated on the adhesion. In Item (5), film deposition technologies were studied on TiAl alloy, multi-layer Fe/C films, and thin Au film on SiO{sub 2}. (NEDO)

  11. Report on achievements in fiscal 1998. Venture business growing type consortium - small business creating infrastructure (Development of ultra-high efficiency cultivation system for Hyphomycetes, and application of the system to plant device to manufacture fermentative foods); 1998 nendo itojokin no chokoritsu tairyo baiyo system no kaihatsu to kinosei hakko sho0kuhin seizo plant kiki eno tekiyo seika hokokusho

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2000-03-01

    This project has noticed the membrane surface liquid culture method, and researched and developed the following themes with an objective to commercialize the membrane surface liquid culture system and develop novel fermentative foods using this system. Cultivation of Beni-koji bacteria (solid culture of M. pilosus k) is taken up in the model cultivation system. (1) establishment of the membrane surface liquid culture system and development of devices, (2) elucidation of cultivation characteristics of the membrane surface liquid culture system and optimization of the cultivating conditions, and (3) development of fermentative foods. In Item (1), such problems were solved as automation of bacteria planting, long-term pasteurized cultivation, and assurance of clean cultivation broth. In Item (2), it was discovered most suitable that maltose concentration is about 5%, glutamic acid concentration is about 50 mM, the initial culture medium pH is about six, and the cultivation temperature is 30 degree C. In item (3), as a result of mixing this red coloring matter containing cultivation broth into preparation of Miso (bean paste) and soy sauce, products having high {gamma}-Aminobutyric acid and monacholin k content were developed. In addition, while Beni-koji made by solid cultivation had peculiar taste and odor, this drawback was eliminated by using this coloring matter containing cultivation broth. This has made differentiation from conventional products possible. (NEDO)

  12. 75 FR 1296 - Small Business Size Regulations; 8(a) Business Development/Small Disadvantaged Business Status...

    Science.gov (United States)

    2010-01-11

    ... From the Federal Register Online via the Government Publishing Office SMALL BUSINESS ADMINISTRATION 13 CFR Parts 121 and 124 Small Business Size Regulations; 8(a) Business Development/Small Disadvantaged Business Status Determinations AGENCY: U.S. Small Business Administration. ACTION: Notice of...

  13. 77 FR 28237 - Small Business Size Regulations; 8(a) Business Development/Small Disadvantaged Business Status...

    Science.gov (United States)

    2012-05-14

    ... / Monday, May 14, 2012 / Rules and Regulations#0;#0; ] SMALL BUSINESS ADMINISTRATION 13 CFR Part 124 RIN 3245-AF53 Small Business Size Regulations; 8(a) Business Development/Small Disadvantaged Business Status Determinations; Correction AGENCY: U.S. Small Business Administration. ACTION: Correcting...

  14. International Marketing Developing Publishing Business

    Directory of Open Access Journals (Sweden)

    Eugenijus Chlivickas

    2015-05-01

    Full Text Available Lithuanian integration in the financial Eurozone and Lithuanian publishing business development in the European Union and outside it, becomes an important problem requiring a solution. Promoting the dissemination of printed books and literacy in Lithuania and beyond, to properly introduce the achievements of Lithuania in foreign countries, it is important to ensure Lithuanian letter, educational and scientific book publishing development. The article examines the characteristics of the international marketing publishing, the world and Lithuanian state publishing houses on the basis of foreign and Lithuanian scientists theoretical insights about the instruments of international marketing opportunities, developing proposals for publishing business integration of new economic conditions.

  15. Business Development in Interfirm Collaborations

    DEFF Research Database (Denmark)

    Peronard, Jean-Paul; Brix, Jacob

    2017-01-01

    network and create ideas for interfirm collaborations that aspire to deliver business development and innovation?’. To answer this question, we build a new theory by introducing social creativity into the service network literature, which represents a new contextual arena. Our study’s key contribution......Recent research has determined that new perspectives concerning business development and innovation are needed in the service network literature. In response, we propose a conceptual, theory-building study that sheds light on the following research question: ‘How can we mobilize actors in a service...... is the creation of a normative theory of ‘social creativity in service networks’. The theory explains how to design and organize an event (or a series of events) in which service network actors can convene to create new ideas that stimulate business development and innovation....

  16. Fiscal 1999 achievement report on the venture business assisting type regional consortium - Minor business creation base type. Research and development of transportable decomposition device for chlorofluorocarbon, formerly known as felon; 1999 nendo chiiki consortium kenkyu kaihatsu jigyo seika hokokusho. Kahanshiki fluorocarbon (kyumeisho wa fleon) bunkai sochi ni kansuru kenkyu kaihatsu

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2001-03-01

    The aim is to develop a high efficiency device named above making full use of Tsukuba University's technical seeds of high efficiency chlorofluorocarbon (CFC) decomposition by plasma application; Asada Corporation's technologies of recovery and regeneration, such as technologies of liquefaction and movement/filling, and its technical seeds involving downsizing; and the technical seeds that Thermal Dynamics Corporation have to offer in relation with its plasma torch technology. An experimental device was fabricated and tested, which resulted in a CFC decomposition rate of 98.6%, and then a prototype CFC decomposition device was built by Asada Corporation and Daiichi Seiko Co., Ltd. The data from the experimental device was analyzed at Tsukuba University and the result was fed back into the prototype for CFC decomposition, when the decomposition goal of 99.999% was achieved. The concentration of hydrogen fluoride or hydrogen chloride also cleared the levels provided for in Environment Agency's CFC destruction guidelines. In the wake of the success, a commercial version of the transportable CFC decomposition device, with the components and connections downsized and rationalized, was designed, and a prototype was constructed. (NEDO)

  17. Business Cycles in Developing Countries

    DEFF Research Database (Denmark)

    Rand, John; Tarp, Finn

    2002-01-01

    than those of the rather uniform industrialized countries. Supply-side models are generally superior in explaining changes in output, but a “one-size fits all” approach in formulating policy is inappropriate. Our results also illustrate the critical importance of understanding business regularities......This paper demonstrates that developing countries differ considerably from their developed counterparts when focus is on the nature and characteristics of short run macroeconomic fluctuations. Cycles are generally shorter, and the stylized facts of business cycles across countries are more diverse...

  18. From Creativity to New Venture Creation

    DEFF Research Database (Denmark)

    Lund, Morten; Byrge, Christian; Nielsen, Christian

    2017-01-01

    , are discussed, followed by a more in-depth discussion of the interrelationships between the creative process and the business modeling process. The implications of the paper are discussed in terms of a combined study module aimed at new venture creation students and pupils within higher education as well......This paper explores the processes of creating new companies with original and useful business models from a conceptual perspective. Based on data from large-scale creativity training programs and business model development studies in Denmark encompassing over 100 companies and 200 entrepreneurs......, the key proposition of the paper is that entrepreneurs can enhance their development processes through training of their competences in creativity and in business modeling. The paper presents a set of key skill variables of creativity and of business modeling that need to be trained in order to enhance...

  19. University Research and Development Activities: The Federal Income Tax Consequences of Research Contracts, Research Subsidiaries and Joint Ventures.

    Science.gov (United States)

    Kertz, Consuelo Lauda; Hasson, James K., Jr.

    1986-01-01

    Features of the federal income tax law applying to income received from commercially funded university-based scientific research and development activities are discussed, including: industry-sponsored research contracts, separately incorporated entities, partnerships and joint ventures, subsidiaries and unrelated income consequences of…

  20. Business development in renewable energy

    NARCIS (Netherlands)

    Krozer, Yoram; Visa, Ion

    2014-01-01

    This paper discusses how to foster development of renewable energy business. Factors that impede or enhance renewable energy in the EU 27 member states in the period 1998–2008 are analyzed. Nine factors are considered: population density, production output and energy sector output to indicate market

  1. Financial sector support for small business development

    OpenAIRE

    2008-01-01

    The study examines the relationships between the financial sector and small businesses, and the small business policy framework in South Africa. The study also measures the perception of the Business Chambers and Commercial Banks on the effectiveness of financial sector support to small businesses in the Gauteng area through a questionnaire. The Small Business Development Policy of 1996 outlines the functions of various small business support institutions such as Ntsika Enterprise Promotion A...

  2. Venture Capital Funds: Theoretical Aspects

    OpenAIRE

    Jurevičienė, Daiva; Martinkutė, Aistė

    2013-01-01

    The article deals with the form of corporate financing, which is becoming more popular yet is still underused, i.e. venture capital funds as well as their peculiarities and the procedure for attracting investments into a company. The paper summarises the main advantages and disadvantages of venture capital funds as well as their relation with national economic development. It analyses venture capital funds operating in Lithuania, investment strategies and dynamics. Additionally, it overviews ...

  3. The Cultural Context of Learning in International Joint Ventures.

    Science.gov (United States)

    Liu, Shimin; Vince, Russ

    1999-01-01

    A study of Chinese-Western joint business ventures showed that cultural context and different modes of managing and organizing must be considered. Successful joint ventures involve a process of collective, two-way learning. (SK)

  4. Challenges in Bootstrapping a Start-Up Venture: Keenga Research Turning the Tables on Venture Capitalists

    Directory of Open Access Journals (Sweden)

    Prescott C. Ensign

    2016-01-01

    Full Text Available This case study chronicles the timeline of a new venture – Keenga Research. Keenga Research has a novel proposition that it is seeking to introduce to the market. The business concept is to ask entrepreneurs to review the venture capital (VC firm that funded them. Reviews of VC firms would then be developed and marketed to those interested (funds and perhaps enterprises seeking funding. What makes this case unique is that Keenga Research was a lean start-up. Bootstrapping is a situation in which the entrepreneur chooses to fund the venture with his/her own personal resources. It involves self-funding (family and friends, tight monitoring of expenses, and maintaining control of ownership and management (Winborg & Landstrom 2001; Perry, Chandler, Yao, & Wolff, 2011; Winborg, 2015. The lean start-up approach favors experimentation over elaborate planning, customer feedback over intuition and iterative design over traditional big upfront research and development. This case study requires the reader to consider a number of the basic challenges facing all entrepreneurs and new ventures. Is the concept marketable? Can the concept be developed and brought to market in a timely manner? Will the product generate revenue? How? When? What are the commitments of the entrepreneurs? Have they considered the major challenges to be faced? Since this venture involved gathering and developing research information and then creating an online platform, Keenga Research faced significant concept-to-market challenges. The research method used in this case study is first person participant observation and interviews. One of the authors was a team member so the contextual details come from direct observation and first-hand knowledge. This method of research is often used in anthropology, sociology, and social psychology where an investigator studies the group by sharing in its activities. The other author provided an objective and conceptual perspective for analyzing

  5. Current status and trends, organizational methods accounting and analysis of innovative enterprises’ venture financing

    Directory of Open Access Journals (Sweden)

    S.V. Rudeychuk

    2016-09-01

    Full Text Available The article examines the specific features and tendencies of development of venture financing in Ukraine. It shows the role of venture capital in the further development of Ukraine economy, this role is in financing and development of innovation, distribution of new technologies and increase of employment of highly professional staff in the territory of Ukraine. The authors determine the influence of characteristics of such financing on the formation of organization and methods of accounting and economic analysis of operations with venture capital investments. The paper grounds the necessity of accounting development and analytical support of innovative enterprises’ venture financing management; the state is caused by the need to attract additional funding from venture investors to finance the production and release of innovative products and businesses. The authors determine the directions of solving problems in accounting organization and methods and economic analysis of innovative enterprises’ venture financing, respectively, for the needs of all entities doing business venture and taking into account the peculiarities of this type of investment capital.

  6. Entrepreneurship Development and Business Climate of Kazakhstan

    Science.gov (United States)

    Kydyrova, Zhamilya Sh.; Satymbekova, Katira B.; Kerimbek, Galymzhan E.; Imanbayev?, Zauresh O.; Saparbayev?, Saule S.; Nurgalieva, Ainash A.; Ilyas, Akylbek A.; Zhalbinova, Saule K.; Jrauovai, Kuralay S.; Kanafina, Ainura T.

    2016-01-01

    The goal is to explore the state of development of entrepreneurship and business climate for the formation of a clear mechanism of state support for small and average business in conditions of economy modernization. A special science-based methodology was developed to monitor the condition of entrepreneurship development and business climate in…

  7. From Creativity to New Venture Creation

    DEFF Research Database (Denmark)

    Nielsen, Christian; Byrge, Christian; Lund, Morten

    2016-01-01

    creativity training, as well as a software-based framework for identifying useful business model configurations. The notion and potential effect of each program as separate tools is discussed, followed by a more in-depth discussion of the interrelationships between creative processes, opportunity spotting...... and the choice of business model configurations. The implications of the paper are discussed in terms of a research program under establishment as well as a combined teaching module aimed at new venture creation students within higher-education, high schools and primary school levels.......This paper explores the processes of creating new companies with original and useful business models from a conceptual perspective. Based on data from large-scale creativity training programs and business model development studies in Denmark encompassing over 100 companies and 200 entrepreneurs...

  8. On Their Own: The Meaning of Change Experienced by Female Entrepreneurs as They Initiate New Business Ventures.

    Science.gov (United States)

    Coyle, H. Elizabeth; Ellinger, Andrea

    2003-01-01

    Cases of four female entrepreneurs produced seven themes related to the meaning of change resulting from business start-up: definition of the transition experience within a connected self, precursors and readiness, support of informal networks, traits, risk-taking behaviors, motivations, and decision making. The results imply that entrepreneurship…

  9. From Creativity to New Venture Creation: Exploring the potentials of training creativity and business-opportunity spotting

    DEFF Research Database (Denmark)

    Nielsen, Christian; Byrge, Christian; Lund, Morten

    2016-01-01

    creativity training, as well as a software-based framework for identifying useful business model configurations. The notion and potential effect of each program as separate tools is discussed, followed by a more in-depth discussion of the interrelationships between creative processes, opportunity spotting...

  10. Analysis of Joint Ventures Financial State

    Directory of Open Access Journals (Sweden)

    Alla V. Dmitrenko

    2013-01-01

    Full Text Available The article describes the basic techniques for the analysis of businesses financial state and methods that were adapted for the joint ventures activities, analyses joint venture financial state, makes conclusions and submits reasonable proposals for improvement of its future activities

  11. Venture Capital Initiative: Ohio's School Improvement Effort.

    Science.gov (United States)

    Yoo, Soonhwa; Loadman, William E.

    In 1994 the Ohio State Legislature established Venture Capital to support school restructuring. The Venture Capital school initiative is a concept borrowed from the business community in which the corporate entity provides risk capital to parts of the organization to stimulate creative ideas and to provide opportunities for local entities to try…

  12. Developing Entrepreneurial and Technology Commercialization Policies to Promote Cooperative Ventures Between NIH and Industry

    Science.gov (United States)

    Rossomando, Edward F.

    2001-03-01

    The NIH has had a great influence in guiding the biological research agenda for the last half of the 20th century. This may change if the increases in research funding from the private sector that occurred in the last ten years continue into the 21st century. Ten years ago, industry supplied 55% of the US R&D funds. In 2000, industry support of R&D had increased to 76%, with industry carrying out 70% of the nations applied and 91% of its development research. Given this shift, one of the biggest challenges that NIH may face in coming years is sharing control of America's research agenda with industry. For this to occur policies that encourage cooperative ventures with industry are needed. In a unique experiment, I was invited to the National Institute of Dental and Craniofacial Research (NIDCR), one of the 25 NIH Institutes and Centers, to develop programs and policies that would promote interactions with industry. This talk will introduce the strategy and programs developed to commercialize products and technologies from basic science discoveries and introducing an entrepreneurial atmosphere within the Institute. The results of this experiment will be discussed by comparing differences between discovery-driven and customer-driven innovation. One outcome of this experience is a greater appreciation of the obstacles to introducing disruptive technologies into the market place and of the paradigms that serve as barriers to commercialization. One recommendation is that the NIDCR consider a policy that allows for some participation by industry in setting the research and training agenda of the Institute, and that a mechanism for industry input be introduced into its administrative organization.

  13. Starting and developing a surveying business

    CERN Document Server

    Imber, Austen

    2013-01-01

    Starting and Developing a Surveying Business shows how surveyors can develop their own successful small business. For surveyors thinking of taking this step, guidance is provided on the pros and cons which will help the right decision to be made, and the key factors which help see the business through its early stages. For surveyors already running their own small business, consideration is given to factors which will help profitability and growth potential.

  14. Developing the Business Modelling Method

    OpenAIRE

    Meertens, Lucas Onno; Iacob, Maria Eugenia; Nieuwenhuis, Lambertus Johannes Maria; Shishkov, B; Shishkov, Boris

    2011-01-01

    Currently, business modelling is an art, instead of a science, as no scientific method for business modelling exists. This, and the lack of using business models altogether, causes many projects to end after the pilot stage, unable to fulfil their apparent promise. We propose a structured method to create “as-is” business models in a repeatable manner. The method consists of the following steps: identify the involved roles, recognize relations among roles, specify the main activities, and qua...

  15. Public Policy, Venture Capital and Entrepreneurial Finance

    OpenAIRE

    Keuschnigg, Christian

    2010-01-01

    Venture capital has become an important source of financing young entrepreneurial firms. Venture capital backed firms are often perceived as more innovative and as creating more value than others. Perhaps for this reason, policy makers are keen to create a good institutional framework to facilitate the development of an active venture capital industry. We explore the role of tax policy in determining the incentives of individuals to start up new firms and of venture capitalists to finance and...

  16. Tax Policy for Venture Capital Backed Entrepreneurship

    OpenAIRE

    Christian Keuschnigg

    2008-01-01

    Venture capital has become an important source of financing young entrepreneurial firms. Venture capital backed firms are often perceived as more innovative and as creating more value than others. Perhaps for this reason, policy makers are keen to create a good institutional framework to facilitate the development of an active venture capital industry. We explore the role of tax policy in determining the incentives of individuals to start up new firms and of venture capitalists to finance and...

  17. Developing the Business Modelling Method

    NARCIS (Netherlands)

    Meertens, Lucas Onno; Iacob, Maria Eugenia; Nieuwenhuis, Lambertus Johannes Maria; Shishkov, B; Shishkov, Boris

    2011-01-01

    Currently, business modelling is an art, instead of a science, as no scientific method for business modelling exists. This, and the lack of using business models altogether, causes many projects to end after the pilot stage, unable to fulfil their apparent promise. We propose a structured method to

  18. 22 CFR 228.34 - Joint ventures.

    Science.gov (United States)

    2010-04-01

    ... 22 Foreign Relations 1 2010-04-01 2010-04-01 false Joint ventures. 228.34 Section 228.34 Foreign Relations AGENCY FOR INTERNATIONAL DEVELOPMENT RULES ON SOURCE, ORIGIN AND NATIONALITY FOR COMMODITIES AND... Financing § 228.34 Joint ventures. A joint venture or unincorporated association is eligible only if each of...

  19. Exit strategies for social venture entrepreneurs

    NARCIS (Netherlands)

    Nuer, A.T.K.

    2015-01-01

    Key Words:  Social Venture Entrepreneurs, Exit, Ownership Social Venture Entrepreneurs invest in local and mostly bottom of pyramid (BoPs), and more so in developing economies. Different understanding  and meanings given to the term  exit and ownership, by social venture entrepreneurs

  20. Developing Personal Network Business Models

    DEFF Research Database (Denmark)

    Saugstrup, Dan; Henten, Anders

    2006-01-01

    on the 'state of the art' in the field of business modeling. Furthermore, the paper suggests three generic business models for PNs: a service oriented model, a self-organized model, and a combination model. Finally, examples of relevant services and applications in relation to three different cases......The aim of the paper is to examine the issue of business modeling in relation to personal networks, PNs. The paper builds on research performed on business models in the EU 1ST MAGNET1 project (My personal Adaptive Global NET). The paper presents the Personal Network concept and briefly reports...... are presented and analyzed in light of business modeling of PN....

  1. What Determines Joint Venture Termination?

    DEFF Research Database (Denmark)

    Nielsen, Bo Bernhard

    2012-01-01

    Joint venture (JV) research continues to flourish as researchers seek to advance our understanding of why so many JVs fail. Cui and Kumar (this issue) take a contingency approach to explain how and why business relatedness may provide new insights as to what determines JV termination...

  2. Fiscal 1998 achievement report on regional consortium research and development project. Venture business fostering regional consortium in its 2nd year--Creation of key industries (Development of manufacturing system for multiple applications of biological resources); 1998 nendo yuyo seibutsu shigen no tamokuteki riyo no tame no kako seizo system no kenkyu kaihatsu seika hokokusho. 2

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2000-03-01

    Research and development is conducted to collect intermediate products from Okinawan herbs for the production of antioxidant products usable for various purposes. Substance-producing plants are screened and the substances they offer are assessed for antioxidant activity, extracted, processed, prepared for market, and checked for safety. At the Okinawa Industrial Technology Center, a DPPH (1,1-diphenyl-2-picrylhydrazyl)/microplate method has been established, which promptly measures the antioxidant activity of the substances. Using this technology, the divisions concerned of industrial, academic, and governmental organizations cooperate with each other over the optimization of herb cultivation technology, development of a herbal ingredient analyzing technology, efficacy of herbs, development of a safety assessment system, development of a technology for the effective extraction, processing, and preparation of herbal ingredients, and the development of a technology of assessing antioxidant intermediate products for their efficacy. As the result, a technology is established of producing intermediate antioxidant products from Guava, Ryukyuyomogi, and Ukonisomatsu. They are unique Okinawan products, and sell at 40,000-50,000 yen. Since the prices are equal to or lower than the prices of other antioxidant intermediate products, probabilities are very high that they will get into markets in Japan proper. (NEDO)

  3. Business models and opportunities for cancer vaccine developers.

    Science.gov (United States)

    Kudrin, Alex

    2012-10-01

    Despite of growing oncology pipeline, cancer vaccines contribute only to a minor share of total oncology-attributed revenues. This is mainly because of a limited number of approved products and limited sales from products approved under compassionate or via early access entry in smaller and less developed markets. However revenue contribution from these products is extremely limited and it remains to be established whether developers are breaking even or achieving profitability with existing sales. Cancer vaccine field is well recognized for high development costs and risks, low historical rates of investment return and high probability of failures arising in ventures, partnerships and alliances. The cost of reimbursement for new oncology agents is not universally acceptable to payers limiting the potential for a global expansion, market access and reducing probability of commercial success. In addition, the innovation in cancer immunotherapy is currently focused in small and mid-size biotech companies and academic institutions struggling for investment. Existing R&D innovation models are deemed unsustainable in current "value-for-money" oriented healthcare environment. New business models should be much more open to collaborative, networked and federated styles, which could help to outreach global, markets and increase cost-efficiencies across an entire value chain. Lessons learned from some developing countries and especially from South Korea illustrate that further growth of cancer vaccine industry will depends not only on new business models but also will heavily rely on regional support and initiatives from different bodies, such as governments, payers and regulatory bodies.

  4. Entrepreneurial Business Development Through Building Tribes

    DEFF Research Database (Denmark)

    Holzweber, Markus; Mattsson, Jan; Standing, Craig

    2015-01-01

    this single in-depth case study and a comprehensive literature review, a model is developed comprising the necessary components to succeed in tribe building efforts in social media. These components include social cohesion of the inner tribe (founders) in terms of vision, the creation of an icon (a......Understanding tribe development can be critical to the survival of entrepreneurial e-service ventures. This article presents findings on how a Swedish start-up industrial design company termed BETTER-DESIGN attempted to build a global presence by creating a tribe of followers on the web. From...

  5. E-Business Development : A Strategic View

    Directory of Open Access Journals (Sweden)

    Saad Haj Bakry

    2002-06-01

    Full Text Available E-business is becoming increasingly important for countries, organizations and individuals, as it gives them efficiency, and as it integrates them together, and with the world at large. This paper aims at providing a strategic view of the development of e-business. It starts by identifying e-business, and by reviewing its current progress. It then presents an e-business development profile, that defines the various elements associated with it. Based on the profile, the paper then provides future development guidelines, and identifies recommended plans.

  6. Case : Google ventures

    NARCIS (Netherlands)

    Friesike, Sascha; Gassman, Oliver; Schweitzer, Fiona

    2013-01-01

    Google Ventures - the venture capital department of Google - couples the idea of a corporate incubator with the methods of a classical venture capital firm. A corporate incubator strives to create innovation, whereas a venture capital firm's idea is to create money. As such, corporate incubators

  7. CHALLENGE FUNDS AND INCLUSIVE BUSINESSES – KEY TO SOCIO-ECONOMIC DEVELOPMENT?

    Directory of Open Access Journals (Sweden)

    Boleslaw Stawicki

    2016-09-01

    Full Text Available This paper will introduce the concept of the challenge fund mechanism, and its role, from both a private sector development (PSD perspective as well as from the sustainable social impact angle. The paper is informed by practical experience and reflections from the point of view of a manager who manages one of the world’s largest challenge funds with a capitalisation of USD 250m and 200+ investments across 23 different markets. A challenge fund, which by nature, is a risk taking and risk-sharing PSD mechanism is used to support innovative, forprofit business ventures, which, by the virtue of being innovative, and therefore, more risky than other business ventures have restricted access to capital. A challenge fund, in a developing or frontier market context, will invest in innovative for-profit companies that exhibit strong intentionality on social impact, i.e. they will implement the inclusive business model concept. Essentially, inclusive businesses engage low income communities in a formal way either as suppliers of raw material, such as cocoa seeds, which the company then processes, or they engage low income communities as customers who buy and consume products and services which cater to them specifically. In this way, an inclusive business makes a profit and at the same time increases the income of low income communities. In this arrangement social impact remains sustainable because the business sees that it can make a profit by collaborating with low income communities. A challenge fund, by financing innovative and risky SMEs doesn’t only support PSD and social impact, it also creates a tested and proven deal flow of companies for more commercial investors such as private equity funds or development finance institutions such as the International Finance Corporation. Therefore, the challenge fund mechanism serves a critical function in sustainable business and social development.

  8. FUNCTIONS OF SOCIAL RELATIONSHIPS IN THE ORGANIZING OF AN INTERNATIONAL JOINT VENTURE

    Directory of Open Access Journals (Sweden)

    Daniel Serafim BROTEA

    2009-12-01

    Full Text Available This paper examines the use of social relationships in the organizing of a business network in the case of an international joint venture (IJV developing over time. The organizing process and the multicultural setting of the international joint venture emphasize the actions of and interactions between individuals from various organizations. The IJV-managers' use of their social relationships in business organizing is explored through analysis of narratives of IJVmanagers in a longitudinal single case to provide empirically grounded theory. From the in-depth interviews with IJV-managers the business relationships are identified as characterized by four possible levels of interpersonal relationships whose type influences the functions of the relationships and visa versa. One business relationship may contain only one or many of these interpersonal levels and an effective business relationship contains the appropriate interpersonal level for the business issue at hand.

  9. Financial intermediaries, ownership structure and the provision of venture capital to SMEs: Evidence from Japan

    NARCIS (Netherlands)

    Cumming, D.; Fleming, G.; Schwienbacher, A.

    2008-01-01

    This paper examines how the provision of venture capital to small- and medium-sized businesses (SMEs) is influenced by the ownership structure of the venture capital provider. We introduce a new and unique dataset from the Japanese venture capital market, comprising data on investment and venture

  10. Developing "Green" Business Plans: Using Entrepreneurship to Teach Science to Business Administration Majors and Business to Biology Majors

    Science.gov (United States)

    Letovsky, Robert; Banschbach, Valerie S.

    2011-01-01

    Biology majors team with business administration majors to develop proposals for "green" enterprise for a business plan competition. The course begins with a series of student presentations so that science students learn about the fundamentals of business, and business students learn about environmental biology. Then mixed biology-business student…

  11. Engaging Business Students in Quantitative Skills Development

    Science.gov (United States)

    Cronin, Anthony; Carroll, Paula

    2015-01-01

    In this paper the complex problems of developing quantitative and analytical skills in undergraduate first year, first semester business students are addressed. An action research project, detailing how first year business students perceive the relevance of data analysis and inferential statistics in light of the economic downturn and the…

  12. Venture funding for science-based African health innovation

    Directory of Open Access Journals (Sweden)

    Daar Abdallah S

    2010-12-01

    Full Text Available Abstract Background While venture funding has been applied to biotechnology and health in high-income countries, it is still nascent in these fields in developing countries, and particularly in Africa. Yet the need for implementing innovative solutions to health challenges is greatest in Africa, with its enormous burden of communicable disease. Issues such as risk, investment opportunities, return on investment requirements, and quantifying health impact are critical in assessing venture capital’s potential for supporting health innovation. This paper uses lessons learned from five venture capital firms from Kenya, South Africa, China, India, and the US to suggest design principles for African health venture funds. Discussion The case study method was used to explore relevant funds, and lessons for the African context. The health venture funds in this study included publicly-owned organizations, corporations, social enterprises, and subsidiaries of foreign venture firms. The size and type of investments varied widely. The primary investor in four funds was the International Finance Corporation. Three of the funds aimed primarily for financial returns, one aimed primarily for social and health returns, and one had mixed aims. Lessons learned include the importance of measuring and supporting both social and financial returns; the need to engage both upstream capital such as government risk-funding and downstream capital from the private sector; and the existence of many challenges including difficulty of raising capital, low human resource capacity, regulatory barriers, and risky business environments. Based on these lessons, design principles for appropriate venture funding are suggested. Summary Based on the cases studied and relevant experiences elsewhere, there is a case for venture funding as one support mechanism for science-based African health innovation, with opportunities for risk-tolerant investors to make financial as well as social

  13. FACTORS CRISIS OF SMALL BUSINESS DEVELOPMENT

    Directory of Open Access Journals (Sweden)

    A. I. Khorev

    2015-01-01

    Full Text Available Today it became clear that Russia needs not only economic growth, but also economic growth of a certain quality. Re¬gions are not an exception, since they are the most vulnerable to changes in market conditions resource exports. The main economic indicators for larger regions of the country should become entrepreneurs. The main economic indicators for larger regions of the country should become entrepreneurs. Not accidentally retrospective analysis of the evolutionary development of small business shows that the most important role in the economic development of Europe and America have played and continue to play a small business. Results of activity of small businesses are generally positive; the country saw an increase in the main indicators: the number of small enterprises, the average number of employees in small enterprises, turnover of small businesses and investments in fixed assets. The statistics of recent years show a decline of interest in the business population. Number of small businesses created in the last few years there has been a downward trend, while the proportion of surviving for three years after their registration is low. The greatest negative impact on the business affairs of the factors of regulatory and administrative regulation of small business, corruption and bribery of officials and the activities of control and inspection bodies. Addressing these challenges will require proper coordination of regional and local resources in building infrastructure, forming investment mechanisms to support small enterprises, the development of the entrepreneurial potential of the population.

  14. Raising venture capital in the biopharma industry.

    Science.gov (United States)

    Leytes, Lev J

    2002-11-15

    Raising venture capital (VC) is both an art and a science. Future entrepreneurs should carefully consider the various issues of VC financing that have a strong impact on the success of their business. In addition to attracting the best venture capital firms, these issues include such subtle but important points as the timing of financing (especially of the first round), external support sources, desirable qualities of a VC firm, amount to be raised, establishing a productive interface between the founders and the venture capitalists, and most importantly the effects of well-executed VC funding on hiring senior executives and scientific leaders.

  15. Operational slack and venture survival

    OpenAIRE

    Azadegan, Arash; Patel, Pankaj; Parida, Vinit

    2013-01-01

    Slack can act as a double-edged sword. While it can buffer against environmental threats to help ensure business continuity, slack canalso be costly and reduce profitability. In this study, we focus on operational slack, the form related to the firm’s production processes. We investigate the role of operational slack on firm survival during its venture stage, when its survival is significantly challenged by environmental threats. Specifically, we explore how change in three types of environme...

  16. Fiscal 2000 achievement report on the venture business assisting type regional consortium - Core industry creation type. Comprehensive research and development for reducing ABS (MABS) sensor system into small module for enhancing vehicle steering safety; 2000 nendo chiiki consortium kenkyu kaihatsu jigyo seika hokokusho. Koji no sharyo soansei wo jitsugensuru ABS (MABS) sensor system no kogata module ka ni tsuite no sogo kenkyu kaihatsu

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2001-03-01

    The effort aims to develop a sensor system to enable overall VDC (vehicle dynamic control). The goal is to manufacture a small module type sensor system more than 20 times higher than the conventional type in responding speed and accuracy, which will use a novel ABS (anti-lock braking system) capable of direct and real-time measurement of axial forces in the four directions. The prototype module will be a package in which a system-on-a-chip accommodating peripheral circuits is integrated with a sensor. In the effort to develop a novel multi-axial sensing system (MASS) for a smaller ABS, a circuit optimization technology was developed. A dedicated IC (integrated circuit) was developed for a system to process a large volume of signals. In the effort to develop technologies for packaging the novel sensor system and for constructing modules, technologies were developed for integrating sensor components and an IC into one, module junctioning, module installation, simplification of the installation process, and for the manufacturing of modules. Developed in the effort to optimize MASS were technologies involving the selection and evaluation of sensor components and the enhancement of such processes, optimization of the sensor itself, and the improvement of the sensor system for higher efficiency in calculation. Sensor modules were tested aboard vehicles and the compatibility of the system-on-a-chip with the MASS module was confirmed. (NEDO)

  17. Regional Development Fueled by Entrepreneurial Ventures Providing KIBS – Case Study on Romania

    Directory of Open Access Journals (Sweden)

    Vasile Alecsandru Strat

    2016-02-01

    Full Text Available The main goal of the current research paper is to analyze the evolution of the knowledge intensive business services sector from Romania, for the period 2008-2014, from a territorial point of view and to assess its impact in the general economic development. Using a time series of Gini coefficients and other quantitative instruments, the paper provides clear evidences that, during the 2008-2014 period, the domain has increased its concentration, Bucharest and the 10 most attractive counties being responsible for over 88% from the field’s activity at national level, in 2014. Another important fact is that Bucharest which is responsible for almost 66% of the field’s activity, in 2008, is diminishing constantly its importance during the analyzed period. Using panel regression, the presented research brings clear evidence that the main characteristics of the field (KIBS sector: number of companies, total turnover and number of employees can be used, as independent variables, in econometric models designed to estimate the size of the economy of the Romanian counties.

  18. Potentials of electronic business development in Serbia

    Directory of Open Access Journals (Sweden)

    Milovanović Slavoljub

    2016-01-01

    Full Text Available Intensive application of information and communication technology (ICT, particularly Internet in selling and buying business processes have caused development of electronic business (e-business concept. Numerous organizations in the world and in Serbia as well have implemented the concept. The basic aim of the paper is to analyze level of internet technology and e-business implementation in Serbia. The paper has theoretical background explaining concept of e-business and ICT which supports the implementation of this concept. However, empirical or practical contribution of the paper is articulated through analysis of data considering application of ICT and e-business concept in Serbia. The data considering application of ICT and e-business concept in Serbia is collected by Statistical Office of the Republic of Serbia and encompasses households/individuals and enterprises in Serbia. Results of the research presented in the paper can help executives in Serbian organizations in planning e-business concept implementation as well as researchers in deeper study of this theme.

  19. International joint ventures

    DEFF Research Database (Denmark)

    Sørensen, Karsten Engsig

    2001-01-01

    The article analysis problems connected with corporate joint ventures. Among others the possible conflicts between the joint venture agreement and the statutes of the companies is examined, as well as certain problems connected to the fact that the joint venture partners have created commen contr...

  20. Venture capital and internationalization

    NARCIS (Netherlands)

    Schertler, A.G.; Tykvova, T.

    Cross-border investments represent a substantial share of venture capital activities. We use a comprehensive dataset on investments worldwide to analyze the internationalization of venture capital financing. We postulate that cross-border activity is shaped by macroeconomic factors in the venture

  1. Venture Capital Investments for Life Sciences Start-ups in Switzerland.

    Science.gov (United States)

    Gantenbein, Pascal; Herold, Nils

    2014-12-01

    Despite its economic and technological importance, the Swiss life sciences sector faces severe challenges in attracting enough venture capital for its own development. Although biotechnology and medical technology have been the most important areas of venture financing from 1999 through 2012 according to our own data, average investment volumes nevertheless remain on a low level of only 0.05 percent of Swiss GDP. After 2008, there was a pronounced shift away from early-stage financing. While business angels still play an important role at the early stage, venture capitalists are the most important investor type by volumes having their main focus on expansion financing. The industry faces predominant challenges in securing capital availability for entrepreneurs, in transforming the highly skewed and back-loaded payoff profile of investments into a more stable return stream, and in defining appropriate business and collaboration models.

  2. Joint Venture Marketing Training: Development Marketing Plans Utilizing Foreign and American Students.

    Science.gov (United States)

    Steele, David; Jones, Kevin

    This paper describes a workshop prepared and presented by the Business Administration Department of the University of Wisconsin-Eau Claire, that is designed to provide training in evaluating a European market for an American product and preparing a plan for marketing the product in Europe. It is noted that the program can work with both students…

  3. OPEN MINDS DEVELOP GREEN BUSINESS

    Directory of Open Access Journals (Sweden)

    BURDUF (MIERLARU ANDREEA ELENA

    2014-06-01

    Full Text Available Because of the high costs related to environmental and climate protection, green products and green energy sources, firms are not interested in reducing environment-unfriendly activities. But even large companies can afford allocating money for research? Apple won a patent which, if used in the near future, it could transform into a mobile IPhone 5 obsolete and polluting the atmosphere. Apple patent obtained is related to the integration of a touchscreen display has a solar charging system. But who was the open mind behing the rise of Apple? Steve Jobs dropped out of college after six months and spent the next eighteen months attend on creative classes. Starting with the definition of green economy, the purpose of this paper is to analyse how to reduce environmental risks, so the economy becomes a component of the ecosystem in which it resides. A person with completed studies can be a skilled specialist who has mastered the field, but condemned to be only professional competent, but not an open mind who contribute to innovation. In conclusion, the future of the planet depends on business decisions, and whether they will be good, earth will be a place that future generations will enjoy it.

  4. Developing E-Business Information Without a Business School

    OpenAIRE

    Ramachandran, Hema; Toot, Louisa; Smith, Caroline

    2002-01-01

    Caltech Engineering and Science librarians describe their experiences exploring, learning and teaching business information research on a campus with minimal business resources and no business program. Caltech faculty, eager to educate sci-tech students in the business management of high technology startups, have created new curriculum with this goal in mind. Brainstorming on ways to meet the information needs of these budding entrepreneurs, two engineering librarians took the initiative ...

  5. Innovation, Learning, and Synergy Between Entrepreneurs and Venture Capitalists

    OpenAIRE

    Ron Berger; Moti Zviling

    2013-01-01

    Uncertainty and complexity are fundamental to innovation and decision making, especially in global high technology industries. Entrepreneurs interact with venture capitalists through the entrepreneurs’ communication and learning about the potential of new business venture. We believe that uncertainty and complexity are fundamental to the process of innovation through the synergy between entrepreneurs and venture capitalists. The purpose of this conceptual paper is to provide a conceptual synt...

  6. The environment for business development in Kosovo

    Directory of Open Access Journals (Sweden)

    Mustafë Kadriaj

    2016-07-01

    Full Text Available The environment as a term implies natural, social space and the infrastructure in general. Even in the genesis itself, based on the information provided in the divine books and scientific researches and all the facts that surround us, it can be seen that firstly God created nature and then he put the man on the Earth. Hence, the environment is a dominant factor of human development. The world is heading towards a common trade which in the scientific literature is known as economic or commercial globalization, and Kosovo is headed in this direction. Kosovo has started its competitive business activity since 1999. The Kosovo business despite the legal restrictions factors, technical infrastructure and fiscal policy has shown a solid and promising development. Since the Republic of Kosovo is oriented towards market economy, business is a key factor for the economic development, the Interior Gross Product (GDP, job occupation as well as filling the state budget. The Kosovo business despite its development, it faces the unfavorable environment of normal and competitive development. This paper addresses the business environment in Kosovo through research, literature, national and international reports.

  7. Entrepreneurship in Business Systems Perspective

    DEFF Research Database (Denmark)

    Rana, Mohammad Bakhtiar; Allen, Mathew

    2018-01-01

    multinationals’ strategies, structures and decision making. We focus, instead, on a relatively neglected area: how BST can help to explain entrepreneurship. In particular, how can this framework help us to understand 1)why a particular business model is developed, 2) why entrepreneurs tend to make a particular...... of opportunities, challenges, and growth patterns for new ventures or new industries in a society? We provide an overview of the BST framework and then illustrate how it can help to explain entrepreneurial decision-making, motivation, venture/industry creation, rationales behind new business model/ venture......Part of the institutionalist and organization theory literatures, business systems theory (BST) presents a comprehensive framework to understand how institutions shape the strategies of firms and individuals, including entrepreneurs. Entrepreneurial activities do not take place in a barren...

  8. PRN 2011-1: Residential Exposure Joint Venture

    Science.gov (United States)

    This PR Notice is to advise registrants of an industry-wide joint venture, titled the Residential Exposure Joint Venture (REJV), which has developed a national survey regarding residential consumer use/usage data for pesticides.

  9. Toward Understanding Business Student Professional Development Engagement

    Science.gov (United States)

    Blau, Gary; Blessley, Misty; Kunkle, Matthew; Schirmer, Michael; Regan, Laureen

    2017-01-01

    Professional development engagement (PDE) is defined as the level of perceived undergraduate engagement in professional development activities. An 11-item measure of PDE exhibited a good reliability. Using a complete data sample of 467 graduating business undergraduates, four variable sets (student background or precollege variables,…

  10. Appcelerator Titanium business application development cookbook

    CERN Document Server

    Bahrenberg, Benjamin

    2013-01-01

    Presented in easy to follow, step by step recipes, this guide is designed to lead you through the most important aspects of application design.Titanium developers who already have a basic knowledge of working with Appcelerator Titanium but want to further develop their knowledge for use with business applications

  11. Venture capital and private equity investment preferences in selected countries

    Directory of Open Access Journals (Sweden)

    Krzysztof Dziekoński

    2016-01-01

    Full Text Available Sources of capital to finance companies in the SME sector is one of the basic conditions for the functioning and development of enterprises, especially in the early phase of their development. Increasingly popular is the use of capital market instruments, Private Equity, Venture Capital, Business Angels or Mezzanine. Funding of this kind can finance risky investments in return for a higher expected rate of return on capital. Access to financial resources and the conditions under which entrepreneurs can use them can determine the introduction of new technology, new products and services, expand distribution channels, implement changes that may lead to the growth in competitiveness and above all, innovation, thus the growth of the company. The paper presents results of statistical analysis of the venture capital and private equity funds investment strategies in selected countries. As a result investment profiles are created.

  12. Business, government and sustainable development

    NARCIS (Netherlands)

    Ven, van de B.; Jeurissen, R.J.M.

    2004-01-01

    The range of sustainability objectives has now developed from relatively simple issues of environmental protection to a full array of interwoven social, economic and ecological issues, nationally and internationally. The involved process of sustainable development has now become a permanent and

  13. Venture Capital Financing, Moral Hazard and Learning

    NARCIS (Netherlands)

    Bergemann, D.; Hege, U.

    1997-01-01

    We consider the provision of venture capital in a dynamic agency model. The value of the venture project is initially uncertain and more information arrives by developing the project. The allocation of the funds and the learning process are subject to moral hazard. The optimal contract is a

  14. Joint Ventures: A New Agenda for Education.

    Science.gov (United States)

    Griffin, Dean

    1989-01-01

    The author states that vocational education can join in partnerships with industry, labor, and government to contribute to economic development. Examples of current programs are included. The "joint venture" concept is explained and ideas for forming joint ventures are shared. (CH)

  15. Venture capitalists home in on healthcare.

    Science.gov (United States)

    Lutz, S

    1992-03-09

    Gamblers known as venture capitalists, who once piled their chips on electronics and computer software, are now turning to fast-growing medical companies for a return. And they're not just playing hunches with biotechnology or other glitzy start-ups. Recent investments include rehabilitation, hospital management and emergency department ventures in addition to medical device development.

  16. Small business development for molecular diagnostics.

    Science.gov (United States)

    Anagostou, Anthanasia; Liotta, Lance A

    2012-01-01

    Molecular profiling, which is the application of molecular diagnostics technology to tissue and blood -specimens, is an integral element in the new era of molecular medicine and individualized therapy. Molecular diagnostics is a fertile ground for small business development because it can generate products that meet immediate demands in the health-care sector: (a) Detection of disease risk, or early-stage disease, with a higher specificity and sensitivity compared to previous testing methods, and (b) "Companion diagnostics" for stratifying patients to receive a treatment choice optimized to their individual disease. This chapter reviews the promise and challenges of business development in this field. Guidelines are provided for the creation of a business model and the generation of a marketing plan around a candidate molecular diagnostic product. Steps to commercialization are outlined using existing molecular diagnostics companies as learning examples.

  17. Business and partnerships for development

    NARCIS (Netherlands)

    Kolk, A.; van Tulder, R.; Kostwinder, E.

    2008-01-01

    The potential contribution of companies as partners in furthering development objectives is frequently mentioned, but has received limited research attention. What has also remained unclear is to what extent companies can play such a role via the various individual and collaborative means available

  18. Globalizing High-Tech Business Models

    DEFF Research Database (Denmark)

    Turcan, Romeo V.

    2012-01-01

    resources and behavioral patterns. Two sources could be identified that effect these tensions, namely strategic experimentation and business model experimentation. For example, entrepreneurs are trying to ease the tensions in the organizational gestalt as a result of a change in the business model...... and growth path. To internationalize, international new ventures have to develop a product-led business model as services do not travel. Opting to attract venture capital, entrepreneurs are to deal with dyadic tensions that are the result of differences in entrepreneurs’ and VCs’ goals and measures...

  19. Business Cooperation and Regional Productive Development in ...

    International Development Research Centre (IDRC) Digital Library (Canada)

    The project will produce a database with productive specialization maps, a working paper discussing main sectoral and regional productive development specializations, a collaborative business-networks map broken down by sector and region, an academic journal article, and several policy briefs. This project entails ...

  20. Business Problems Encountered when Developing an Own ...

    African Journals Online (AJOL)

    The purpose of this paper is to examine the macroeconomic environment of the poorest areas in Namibia, the Caprivi and Kavango regions, and to empirically investigate the problems experienced in developing an own business, specifically in the two largest towns Katima Mulilo and Rundu. First, a macroeconomic ...

  1. Developing Professionalism in Business School Undergraduates

    Science.gov (United States)

    Clark, Timothy S.; Amer, Tarek S.; Ng, Pin T.

    2014-01-01

    The authors explore the importance of developing professional behavior among business students and introduce a program designed to incentivize professionalism during undergraduate study. The Professionalism Recognition Program was established to promote, recognize, rate, and reward the students' professional conduct in a flexible and widely…

  2. Brand development: institutional contraints on Chinese businesses

    NARCIS (Netherlands)

    Hollows, J.; Clegg, S.R.

    2006-01-01

    Purpose This paper addresses the reasons why Chinese businesses have long been identified as subordinate to world-class brand owners; why “global” own brand developments are considered to be beyond their competence. Design/methodology/approach In this paper, we use an institutional perspective to

  3. A JOINT VENTURE MODEL FOR ASSESSMENT OF PARTNER CAPABILITIES: THE CASE OF ESKOM ENTERPRISES AND THE AFRICAN POWER SECTOR

    Directory of Open Access Journals (Sweden)

    Y.V. Soni

    2012-01-01

    Full Text Available

    ENGLISH ABSTRACT: This article investigates the concept of joint ventures in the international energy sector and develops a joint venture model, as a business development and assessment tool. The joint venture model presents a systematic method that relies on modern business intelligence to assess a potential business venture by using a balanced score card technique to screen potential partners, based on their technological and financial core capabilities. The model can be used by business development managers to harness the potential of joint ventures to create economic growth and sustainable business expansion. Furthermore, partnerships with local companies can help to mitigate econo-political risk, and facilitate buy-in from the national governments that are normally the primary stakeholders in the energy sector ventures (directly or indirectly. The particular case of Eskom Enterprises (Pty Ltd, a wholly owned subsidiary of Eskom, is highlighted.

    AFRIKAANSE OPSOMMING: Hierdie artikel ondersoek die begrip gesamentlike onderneming in die internasionale energiesektor en ontwikkel 'n gesamentlike-onderneming-model as 'n sake-ontwikkeling- en takseermodel. Die gesamentlike-onderneming-model bied 'n stelselmatige metode wat op moderne sake-intelligensie staat maak om 'n potensiële sake-onderneming op grond van die tegnologiese en finansiële kernvermoëns daarvan te takseer deur 'n gebalanseerdepuntekaart-tegniek te gebruik. Die model kan deur sake-ontwikkelingsbestuurders gebruik word om die potensiaal van gesamentlike ondernemings in te span om ekonomiese groei en volhoubare sake-uitbreiding daar te stel. Verder kan venootskappe met plaaslike maatskappye help om die ekonomiese risiko te verminder en inkoop te vergemaklik van die nasionale regerings wat gewoonlik die primêre belanghebbendes in die energiesektorondernemings is (hetsy regstreeks of onregstreeks. Die besondere geval van Eskom Enterprises (Edms Bpk, 'n vol filiaal van Eskom

  4. What Happens To International New Ventures beyond Start-up

    DEFF Research Database (Denmark)

    Turcan, Romeo V.; Juho, Anita

    2014-01-01

    ventures: strategic experimentation, tensions in organizational gestalt, and legitimacy lies. We conjecture that international new ventures do not reach a made-it point if they only manage to develop substantive capabilities to produce desired outputs at various levels within the venture, but fail...

  5. Chart Venture Partners' perspective on dual-use CBRNE technologies

    Science.gov (United States)

    Van Nice, C. S.; Gardner, P. J.

    2008-04-01

    Chart Venture Partners' (CVP) approach to investing in Chemical, Biological, Radiological, Nuclear, and Explosives (CBRNE) detection technologies can be best understood in the context of the unique partnership between the firm's two founding institutions. CVP was founded as a partnership between the Chart Group, a New York-based merchant banking and venture capital boutique, and InSitech Incorporated, a 501(c)(3) non-profit commercial partnership intermediary for the U.S. Army's Armament Research Development and Engineering Center (ARDEC) at Picatinny Arsenal in New Jersey. The partnership between Chart Group and Insitech has yielded a new investment model. Unlike most venture funds, CVP operates with a singular focus on early-stage defense and security technologies, with the important caveat that everything we invest in must also have dual-use application in large-scale commercial markets. CVP believes that early-stage CBRNE companies require five qualities to be viable investment candidates and successful start-up companies: Great Science, Strong IP Positions, Recognized Scientific Champions, Identified Dual-Use Market Pull, and "Real World" Technical Performance Data. When earlystage CBRNE companies decide to seek venture capital and pursue higher growth dual-use business models, we often find that certain issues arise that are not always fully contemplated at the outset, and that can create gaps between what the start-up companies are offering to investors and what those investors are seeking from their potential portfolio companies. These same issues can have significant positive or negative impact on shareholder value over time, depending on how they are managed. Specifically, startups should consider carefully their strategies related to business development, market positioning, government funding, and investment syndicate formation.

  6. From Creativity to New Venture Creation

    DEFF Research Database (Denmark)

    Lund, Morten; Byrge, Christian; Nielsen, Christian

    2017-01-01

    , are discussed, followed by a more in-depth discussion of the interrelationships between the creative process and the business modeling process. The implications of the paper are discussed in terms of a combined study module aimed at new venture creation students and pupils within higher education as well...

  7. VENTURE COMPANY INITIAL PUBLIC OFFERING IN RUSSIA AS A WAY OF EXIT FROM VENTURE FUND

    Directory of Open Access Journals (Sweden)

    L. S. Tchugayeva

    2012-01-01

    Full Text Available Venture companies patronized by venture funds unavoidably face up with the problem of exit out of the fund in order to start independent development. The exit should be made with maximum benefit both for the company and the fund. One of this behavior strategic ways is initial public offering of the venture company (IPO market. An alternative of such exit is a transaction of merging and absorption (M&A market. Main tendencies of the venture IPO market in Russia are discussed along with comparison of this market with that in the USA.

  8. KNOWLEDGE MANAGEMENT CHALLENGES IN NEW BUSINESS DEVELOPMENT

    DEFF Research Database (Denmark)

    Jensen, Ole Kjeldal; Ahmed-Kristensen, Saeema; Jensen, Nevena

    2011-01-01

    The empirical study this paper is based upon, aimed to identify and describe knowledge management challenges, throughout the new business development process. This paper reports findings from the study, as well as the framework used for analysing the KM challenges, which can be applied to other...... case studies for comparison. Six interviews and 2 full-day workshops, gathering the perspectives of 76 people from an energy-utilities company forms the empirical background of the study. Six categories of knowledge management challenges were identified and, within each, central issues were extracted...... in the early phases. Furthermore, two new roles of the early phase, besides instigating projects, were found. This study contributes to the development of support tools for knowledge management in industry and to research with a deeper understanding of the new business development process....

  9. Multilingualism as a Business Development Factor

    Directory of Open Access Journals (Sweden)

    Julija Moskvina

    2014-03-01

    Full Text Available Globalisation and rapidly changing economic environment force businesses to look for new survival or development strategies, fight for new markets, and adapt to turbulent circumstances. Access to new countries and expansion to new markets increasingly determine success and affect the overall economic development. Such factors as growing volumes of export and import, increasing tourism flows, and intensifying international territorial mobility increase people‘s motivation to learn foreign languages. Such knowledge not only extends conditions of economic operation, but also increases the efficiency and reliability of communication (for example, facilitates the acquisition of foreign organizational culture. Therefore, it can be concluded that the processes of economic globalisation increases the need for foreign languages as well as the value of linguistic skills. On the other hand, the dominant position of the English language in the world continues to be strengthened; English is widely considered as the international language of communication. However, as English is treated as a norm, other languages become even more significant. This article presents the business survey data from the “Language Rich Europe” project. The data confirm the predominance of the English language in corporate internal and external communication across European countries. However, the collected data show the growing importance of non-EU languages for businesses. The macro-economic context of the use of different languages in the business sector is presented in this paper as well as conclusions on the interconnection between economic trends and the need for language skills in the import-export and tourism-focused businesses. The article is based on the project “Language Rich Europe” data (www.language-rich.eu.

  10. Economic analysis of venture capital funds rate of return on venture activity

    Directory of Open Access Journals (Sweden)

    Usatenko O.V.

    2017-08-01

    Full Text Available The research deals with the topic of the analysis of venture capital funds’ rate of return on venture activity. The discovered venture capital funds have such a peculiarity as the involved investors of various types and concentrated financial resources, which lead to advantages in investing. Based on the analyzed scientific approaches to the evaluation of income rate met by various economic entities the paper determines the optimal indicators of such an analysis developed due to the article research. They are supposed to improve significantly the process of making decisions on venture capital investments. The author suggests to evaluate venture capital funds rate of return on venture activity by means of the basic four indicators usually employed for investment efficiency definition: net profit, internal rate of return, return period and return index. The research presents the examination of rates of return on venture activity of venture capital funds being controlled by a single asset management company. Thus, one can estimate not only the rate of return on venture activity, but also the efficiency of control taken by an asset management company.

  11. Business system: Sustainable development and anticipatory system

    Directory of Open Access Journals (Sweden)

    Vojko Potočan

    2002-01-01

    Full Text Available The existence and development of humankind depends mainly upon the co-ordinated operation of all areas and levels of human activity. However, in theory and in practice there is no model of operation, which would provide a harmonized and target oriented development. A partial solution is offered by sustainable development, which tries to define and carry out common goals of mankind with a harmonized implementation of human activities at all levels of its living and behaviour. Companies belong to central institutions of modern society which essentially co–create the sustainability of society. The company’s endeavour by simulation to prepare models of their goals concerning their internal and external environment. On the base of systemic treatment, we can define companies as business system, which can survive in a log-run only on the basis of sustainable development. The business system can also be supported by the application of the anticipatory systems. The anticipatory systems can be, in this sense, understood as an entity of the methodological approach, techniques and modes of work. Their characteristics have, a direct impact on the determination of goals, on the orientation of operation, and hence on the achievement of the business system results.

  12. 76 FR 39645 - Exemptions for Advisers to Venture Capital Funds, Private Fund Advisers With Less Than $150...

    Science.gov (United States)

    2011-07-06

    ... has elected to be a business development company (the ``private adviser exemption'').\\4\\ Advisers... Investment Companies (Jan. 28, 2011) (``CPIC Letter''); Comment Letter of European Private Equity and Venture... company based on the size of its public float). See also Comment Letter of Georg Merkl (Jan. 25, 2011...

  13. Selling Knowledge? R&D Soothsayers and High Priests of Venture Capital Are in the Temple of the Academy.

    Science.gov (United States)

    Earls, Alan Robert

    2001-01-01

    Discusses the commercialization of academic research at New England's colleges and universities. Describes the origins of the trend, the region's leadership in research funding, the role of venture capital and business incubators in academic research, and the long-term impacts. Includes tables of research and development spending and patents…

  14. Proactive Mentality for Business Development in Romania

    OpenAIRE

    Riana Iren Radu

    2011-01-01

    Romania, for that matter, all countries in the world can not overcome the financial crisis without business development.The emergence of the financial crisis has created a feature based on money quadrant by Robert Kiyosaki namely that from the outset, an employee must be a good worker and a good investor. In Robert Kiyosaki's view, this means that early in career we should be aware that there are four situations in which making money ie: employee, self employed, owner and investor.

  15. GOVERNMENT INTERVENTIONS IN THE VENTURE CAPITAL MARKET HOW JEREMIE AFFECTS THE HUNGARIAN VENTURE CAPITAL MARKET?

    Directory of Open Access Journals (Sweden)

    Fazekas Balazs

    2014-07-01

    Full Text Available JEREMIE (Joint European Resources for Micro to Medium Enterprises program was implemented as a part of the EU cohesion policy in the framework of 2007-2013 programming period. The primary objective of the program was to enhance the financing prospects of SME’s through structural funds that provide financial engineering instruments like loan, guarantee and venture capital. This paper focuses on the effects of JEREMIE on Hungary’s venture capital market. Since 2010, 28 JEREMIE backed venture capital funds were founded in four rounds and 130 billion HUF capital was allocated into these funds with the contribution of Hungarian government. A well-established venture capital market can boost entrepreneurship and innovation, therefore economic growth which is the foundation of government involvement. On the other hand, there is an extensive literature highlighting the limits and possible drawbacks of the active role of public sector in the venture capital market. There is a consensus in the literature that in the long run the extensive role of government in venture capital industry is counterproductive. Substituting market participants by government agencies will hardly result in a competitive and efficient market. However, temporarily as a catalyst public sector can contribute to the development of venture capital market. Direct government intervention supportable temporarily only in the infancy of the industry. The primary objective of every program must be to develop the market to the level where it becomes self-sustaining. This way the success of these programs must not be measured only by the amount of invested capital, financial performance of venture capital funds and venture capital backed companies. Raising private sector awareness and the progress of necessary institutions are also the criteria of a successful program. During the design and implementation of venture capital agendas these aspects must be taken into consideration. This

  16. Successful business process design. Business plan development for the occupational health services unit.

    Science.gov (United States)

    Kalina, C M; Fitko, J

    1997-02-01

    1. The occupational health nurse is often mandated by management to validate health services offered and programs developed for employees as valuable to the business and company mission. 2. The business plan of the occupational health service is a working document, changing as needs of the client/customer and internal and external business and socio-economic environment evolve. 3. Alignment with and support of the company mission, goals, and objectives is another method of proving good occupational health is good business. 4. Business planning is a basic business tool the wise and prudent occupational health nurse can use in proving good occupational health is vital to the success of a company.

  17. MeProRisk - a Joint Venture for Minimizing Risk in Geothermal Reservoir Development

    Science.gov (United States)

    Clauser, C.; Marquart, G.

    2009-12-01

    Exploration and development of geothermal reservoirs for the generation of electric energy involves high engineering and economic risks due to the need for 3-D geophysical surface surveys and deep boreholes. The MeProRisk project provides a strategy guideline for reducing these risks by combining cross-disciplinary information from different specialists: Scientists from three German universities and two private companies contribute with new methods in seismic modeling and interpretation, numerical reservoir simulation, estimation of petrophysical parameters, and 3-D visualization. The approach chosen in MeProRisk consists in considering prospecting and developing of geothermal reservoirs as an iterative process. A first conceptual model for fluid flow and heat transport simulation can be developed based on limited available initial information on geology and rock properties. In the next step, additional data is incorporated which is based on (a) new seismic interpretation methods designed for delineating fracture systems, (b) statistical studies on large numbers of rock samples for estimating reliable rock parameters, (c) in situ estimates of the hydraulic conductivity tensor. This results in a continuous refinement of the reservoir model where inverse modelling of fluid flow and heat transport allows infering the uncertainty and resolution of the model at each iteration step. This finally yields a calibrated reservoir model which may be used to direct further exploration by optimizing additional borehole locations, estimate the uncertainty of key operational and economic parameters, and optimize the long-term operation of a geothermal resrvoir.

  18. The Use of Personality and the Five-Factor Model to Predict New Business Ventures from Outplacement to Start-up.

    Science.gov (United States)

    Wooten, Kevin C.; Timmerman, Thomas A.; Folger, Robert

    1999-01-01

    Personality traits of 145 downsized executives receiving outplacement services were examined using the 16 Personality Factor Questionnaire. The 51 who started new businesses were more likely to be emotionally stable, tough minded (less open to experience), and expedient (realistic). (SK)

  19. An Assessment of Business Competencies Needed by Business Education Students for Entrepreneurial Development in Nigeria

    Science.gov (United States)

    Binuomote, M. O.; Okoli, B. E.

    2015-01-01

    The paper examined the business competencies required by business education students for entrepreneurial development in Nigeria. To achieve the objective, two research questions and two hypotheses were formulated to guide the study. Survey design was adopted for the study. The population comprised 6002 business education students. Six hundred…

  20. JOINT VENTURE UM ARCABOUÇO TEÓRICO SOBRE A ESTRATÉGIA ENTRE EMPRESAS

    Directory of Open Access Journals (Sweden)

    Kelen Renata Knopp Barroca Souza

    2015-03-01

    Full Text Available The joint venture talk about union of two or more business with common goals forming another independent business with a different team for take care about your own concern, that may partner member's capital or not. The present work had as goal: analyse the reasons that are influencing many business to choose joint venture, your importance for them, and the obtained results. the methodology used was the multicases study of business that adopt join ventures from analysis of documents, files, and administrative publications, and also having secondary sources as bibliographic researches consulting articles and books about the history of the subject, adopting the deductive method for the conclusion of joint venture project. We conclude that joint ventures can be advantageous for business, decreasing risks, increasing profits , making business involved in the alliance earn more space on market.

  1. Venture Capitalists’ Investment Selection Criteria in CEE Countries and Russia

    Directory of Open Access Journals (Sweden)

    Marek Zinecker

    2015-03-01

    Full Text Available This article deals with findings of a survey in the Central and Eastern European (CEE and Russian venture capital markets. The main aim of this study is to explore the following issues: Which criteria play an essential role in the selection of business proposals by firms investing venture capital in the CEE and Russian markets? What are the key characteristics of an investment selection process? And, in addition: Who are the investors in these markets? The nature of this study is explorative. It relies on primary data that were collected using a semi-structured questionnaire. The data were processed by statistical methods reflecting their nature and quantity. Descriptive methods served as basic statistical analyses. The survey results, which provide a number of unique insights into the field, are subsequently compared with findings which were published in similar studies undertaken in well-developed capital markets. This study supports the thesis that, when considering business proposals, above-average attention has been paid to criteria concerning the competitive advantage of the product and its potential to generate high returns. Our survey also confirms conclusions drawn from other studies which identify the size of the market and its growth rate as the most significant criteria characterizing the market. The crucial criterion in the category dedicated to management’s experience in the initial stage of the business life cycle is the management’s familiarity with the target market although investors emphasize its lower significance compared to the product and market characteristics. By publishing empirical data, an important signal regarding up-to-date evaluative criteria and their weight is sent both to prospective venture capitalists and investee companies operating under specific conditions of the CEE countries and Russia.

  2. Business Process Management Integration with Application Development Environment

    OpenAIRE

    Bizjak, Matic

    2017-01-01

    Bachelor’s thesis describes business process, business process management, business process management systems and ways to integrate them into existing applications. Resource oriented architecture is presented and used to develop the solution. The main purpose of this work is to design and develop RESTful web service which exposes and adds new functionalities to application programming interface, which is used to integrate business process management system with software development framework...

  3. Game Development Toolkit for Business People in Japan

    Science.gov (United States)

    Shirai, Hiroaki; Tanabu, Motonari; Terano, Takao; Kuno, Yasushi; Suzuki, Hisatoshi; Tsuda, Kazuhiko

    2003-01-01

    This article describes the authors' experience of developing a business gaming course for business people in Japan. The course that was developed consists of (a) simple gaming experiments among multiple students using ALEXANDER ISLANDS, a tiny business game on the World Wide Web; (b) lectures to make the students understand the core concepts of…

  4. Special Issue: Building Your Career Development e-Business.

    Science.gov (United States)

    Career Planning and Adult Development Journal, 2002

    2002-01-01

    Nine articles in this issue discuss how to develop a career development e-business, how e-business has expanded, creating a successful Web presence, doing business on the Internet, and how to take control of your career and future. (JOW)

  5. Creativity Enhancement in Lithuanian Furniture Manufacturing Business According to International Business Development

    Directory of Open Access Journals (Sweden)

    Rita Zybartaitė

    2014-04-01

    Full Text Available This article analyzes Lithuanian furniture manufacturing business perceptions towards creativity, and creativityenhancement behavior according to its international development. Firstly article focuses on international business development,substantiate need of creativity for international business development, outline creativity influencing factors which operateat individual, team and organizational levels and recommendations how to enhance creativity in methodical way. Secondly,article describes a problem of empirical research, methodology of used methods and instruments, and presents results of surveyresearch.

  6. Sustainable development strategy formation for business corporations

    Directory of Open Access Journals (Sweden)

    L. A. Zaporozhtseva

    2016-01-01

    Full Text Available The article explains the concept of the company sustainable development strategy based on its economic security level, which includes the economic security concept loss threat control; and the concept of company sustainable development based on the fact, that the company in a developed market should not only "defend", but also ensure its development. After it implementation of decomposition is applied to the system of strategic economic security through a balanced scorecard, which allows translating the mission and vision into a set of operational goals and targets. The main components of strategic economic security provision are: business processes, finance, contractors and staff; based on the state which economic security level is determined as: high, normal, low or critical. After that, the strategic prospects are set, i.e. transition from the lowest to the highest economic security level takes place, passing the economic security fields. In order to do this, certain company development strategy is selected, the mechanism for its implementation is being worked out. At the same time, company sustainable development strategy is identified in the case of a growth strategy use, which implies a transition from endogenous development strategy to introductive or introspective development strategy with further access to multi-integral development strategy. If there is inverse relationship, one can not speak of any sustainable development strategy. Besides, development, implementation and use of monitoring for the design process of the company's development strategy taking into account its economic security level acquires great importance.

  7. Business Cooperation and Regional Productive Development in ...

    International Development Research Centre (IDRC) Digital Library (Canada)

    The research will characterize each country's regional productive specialization and analyze business networks, focusing on successful economic performance and the determinants and effects of cooperation among businesses. In addition, the project will generate policy recommendations for enhancing productive ...

  8. Development of the mechanical engineering complex on the basis of the improvement of large and small businesses relations

    Directory of Open Access Journals (Sweden)

    Sokolova Svetlana

    2017-01-01

    Full Text Available Condition, pace and character of the development of the mechanical engineering complex is in many aspects a crucial factor for the social and economic situation of any country. The development of market relations, changes of the conditions of doing business encourage the enterprises to search new managerial methods and to improve the interaction forms. In this respect the display of the peculiarities of the interaction of large machine engineering enterprises and small business in this sphere and also the assessment of the relationship of their development is an important and crucial issue under modern conditions. The most widely spread forms of the cooperation of large scale mechanical engineering enterprises and small businesses of the industry are: outsourcing, franchising, leasing, subcontracting, venture financing, creation of regional forms of the cooperation of large and small firms. However cooperation processes of large scale and small entrepreneurship in Russia are not properly developed. The authors determine the factors hindering the growth of the machine building industry, suggest the recommendations for the development of the large scale enterprises and small business in the industry, substantiate the role of the government in this process. Besides the mechanism of the state support of the development of small business is described.

  9. SUSTAINABLE DEVELOPMENT AND ECOLOGICAL RESPONSIBILITY OF BUSINESS

    Directory of Open Access Journals (Sweden)

    Viktoria Krykun

    2016-11-01

    Full Text Available Today sustainable development is a widely used term, which has been increasingly influential in recent years. Debates about sustainability no longer consider sustainability solely as an environmental concern, but also incorporate economic and social dimensions. However, while a social and economic dimensions of sustainable development are widely discussed, environmental degradation becomes more and more crucial each year and is likely to reduce human well-being all across the world within the next few decades. The purpose of the paper is to analyse ecological ‘pillar’ of sustainable development, its historical background, main steps towards implementation of ‘new global environmental rules for society. Methodology. The paper is based on statistical information from public sources, reports of different international organizations and institutions, which are used to stress and underline main crucial points of research. Results of the survey show, that environmental quality, economic development and social well-being are interdependent and the main aim of international institutions, independent countries, businesses and society is to achieve environmentally sustainable development. Environmental issues make strong impact on modern economy. Responsible global strategy of development provides the whole society with rules, how ‘wise’ technological changes and economic policy can make industrial production processes less polluting and less resource intensive but yet more productive and profitable. Practical implications. Strategy of sustainable development and it’s three basic dimensions have found practical implication in one complex model, which illustrates the level of development of each country – the Human Development Index, which is focusing on three basic dimensions of human development: life expectancy at birth, mean years of schooling and expected years of schooling and gross national income per capita. Another data, which is

  10. A Managerial Decision Model of International Cooperative Venture Formation

    OpenAIRE

    Tallman, Stephen B.; Oded Shenkar

    1994-01-01

    This paper develops a model of international cooperative venture formation that is centered on the decisionmaking process of MNE executives. Central issues for managerial decisions are developed from the organizational studies literature. A framework delineating the sequence and criteria used in the decision to form international cooperative ventures is developed from these defined issues and from existing models. Propositions pertaining to the venture formation decision process are outlined....

  11. Developing versus developed companies in Business Excellence initiatives

    DEFF Research Database (Denmark)

    Haffer, Rafal; Kristensen, Kai

    2008-01-01

    The paper reports the advance of Polish companies in Business Excellence initiatives. It indicates how these activities influence their performance. EFQM Excellence Model indicators are used as the evaluation criteria for the study. The performance variable is introduced to ensure the calculation...... of correlations between EFQM model indicators and performance results. The data are next estimated as a structural equation model by partial least squares using SmartPLS software (Ringle et al., 2005). That estimation is conducted on the model of the Danish Business Excellence Index methodology (Kristensen et al...... results from the Business Excellence Model as a proxy for actual financial results in Poland. Data and results from a similar study done in Denmark are also described; thus, a comparison between developing Polish companies and developed Danish ones is included. Poland and Denmark are used as cases of...

  12. Business venture-analysis case study relating to the manufacture of gas turbines for the generation of utility electric power. Volume II. Private sector and public sector venture studies. Final report. [Use of coal gasifier with combined gas and steam system

    Energy Technology Data Exchange (ETDEWEB)

    Davison, W.R.

    1978-05-05

    Increasing national attention is being directed toward the search for clean, efficient, and reliable energy-conversion systems, capable of using abundant indigenous fuels such as coal, for generation of utility electric power. A prime candidate in this area is the combined gas and steam (COGAS) system employing a high-temperature gas turbine with a steam-turbine bottoming cycle, fed by a coal gasifier. This program demonstrates the use of a logical and consistent venture-analysis methodology which could also be applied to investigate other high-technology, energy-conversion systems that have yet to reach a state of commercialization but which are of significant interest to the U.S. Government. The venture analysis was performed by using a computer to model the development, production, sales, and in-service development phases of programs necessary to introduce new gas turbines in COGAS systems. The simulations were produced in terms of estimated cash flows, rates of returns, and risks which a manufacturer would experience. Similar simulations were used to estimate public-sector benefits resulting from the lower cost of power and improved environment gained from the use of COGAS systems rather than conventional systems. The study shows that substantial social benefits could be realized and private investment would be made by the gas-turbine manufacturers if an infusion of external funds were made during key portions of the gas-turbine development program. It is shown that there is substantial precedent for such public assistance to make possible economic and environmental benefits that otherwise would not be possible. 42 references.

  13. DEVELOPMENT ANALYZERS TRANSACTIONS IN MONITORING THE BUSINESS ACTIVITIES OF ORGANIZATIONS

    Directory of Open Access Journals (Sweden)

    L. E. Sovik

    2013-01-01

    Full Text Available In the article there are marked the features and prerequisites of implementation in food production technologies devoted to monitor business activity in the realtime. The methodical approach to the development of analyzers transactional business processes of the organization is offered, monitoring scheme for one of the basic types of business events in the procurement process is constructed.

  14. United States -- Mexican joint ventures: A case history approach

    Energy Technology Data Exchange (ETDEWEB)

    Moore, N.L.; Chidester, R.J.; Hughes, K.R.; Fowler, R.A.

    1993-03-01

    Because the Mexican government has encouraged investment in Mexico by increasing the percentage of ownership of a Mexican business that a US company can hold, joint ventures are more attractive now than they had been in the past. This study provides preliminary information for US renewable energy companies who are interested in forming a joint venture with a Mexican company. This report is not intended to be a complete reference but does identifies a number of important factors that should be observed when forming a Mexican joint venture: (1)Successful joint ventures achieve the goals of each partner. (2)It is essential that all parties agree to the allocation of responsibilities. (3)Put everything in writing. (4)Research in depth the country or countries in which you are considering doing business.

  15. TENDENCY OF IMPROVEMENT ANALYSIS OF VENTURE ACTIVITY FOR MANAGEMENT DECISIONS

    Directory of Open Access Journals (Sweden)

    G.Yu. Iakovetс

    2015-03-01

    Full Text Available The questions concerning the definition of current trends and prospects of venture financing new innovative enterprises as one of the most effective and alternative, but with a high degree of risk financing sources of the entity. The features of venture financing that is different from other sources of business financing, as well as income from investments of venture capital can greatly exceed the volume of investments, but at the same time such financing risks are significant, so it all makes it necessary to build an effective system of venture capital investments in the workplace. In the course of the study also revealed problems of analysis and minimization of risks in the performance of venture financing of innovative enterprises. Defining characteristics analysis and risk assessment of venture financing helps to find ways to minimize and systematization, avoidance and prevention of risks in the performance of venture capital. The study also identified the major areas of improvement analysis of venture capital for management decisions.

  16. The rise and decay of new high-technology ventures

    DEFF Research Database (Denmark)

    Turcan, Romeo V.; Busuncian, Elena

    This study is positioned at the intersection of legitimation and entrepreneurship theories with the aim to uncover the relationship between the process of legitimation and the process of emergence and discontinuous of a new venture. From the legitimation theory perspective, the paper is trying...... strategies. From the entrepreneurship theory perspective, the paper aims to explore the process of emergence (identification/creation of new business opportunity and its pursuit) of the new venture, and uncover the relationship between the legitimation of new technology and the new venture on one hand...

  17. TECHNOLOGY DEVELOPMENT IMPLEMENTATION OF CHANGES IN SMALL BUSINESSES STARTEGIC

    Directory of Open Access Journals (Sweden)

    Vlada Živanović

    2013-07-01

    Full Text Available Small business development at the global level should be carried out continuously by continuous monitoring of international trends and developments in this area. Our Region is characterized by a lack of rapid development of small and medium enterprises. This paper presents the way of small business development new strategic change and modern development techniques.

  18. Campus/Industry Joint Ventures.

    Science.gov (United States)

    McDonald, Eugene J.

    1985-01-01

    Opportunities for joint economic ventures of colleges and industry are discussed, and a variety of ventures undertaken by Duke University are outlined, including a health club, hotel, and office building. Tax and financing considerations are noted. (MSE)

  19. Collection Development "Green Business": The Green Capitalist

    Science.gov (United States)

    Eagan, Robert

    2009-01-01

    The "greening" of corporate behemoths like Wal-Mart, DuPont, and Toyota has received much media attention in recent years. But consider small businesses: according to the U.S. Small Business Administration, of the estimated 27 million firms in the United States, 99.7 percent have fewer than 500 employees, 97.5 percent have fewer than 20, and more…

  20. BUSINESS DEVELOPMENT STRATEGY FOR SPECIALTY COFFEE

    Directory of Open Access Journals (Sweden)

    Vharessa Aknesia

    2015-01-01

    Full Text Available Specialty coffee is a coffee of premium quality that has been made through various stages of post-harvest processing and strictly controlled to produce distinctive taste of origins. PT Sinar Mayang Lestari is one of the companies that currently produce and develop specialty coffee type, Arabica Java Preanger. The objectives of the study are to examine competitive advantages and develop an alternative strategy that need to be done by PT Sinar Mayang Lestari for their business development. The research methods used are value chain analysis and VRIO framework to explore competitive advantage owned by the company. The result shows the company currently has a temporary competitive advantage of the technological resources and reputation. By using SWOT-AHP technique, the alternative strategies that can be done by company are as follows: 1 increasing the production of natural and honey coffee  type; 2 building coffee center in plantation site for sharing knowledge and innovation media to the farmers; 3 improving the competency of human resource in plantation, post harvest, and promoting area; 4 building management system gradually 5 forwarding integration by building roast and ground coffee business; and 6 maximizing the ability of the land and human resources through research and development.Keywords: competitive advantage, specialty coffee, SWOT-AHP, value chain, VRIOABSTRAKKopi special merupakan kopi dengan kualitas premium yang sudah melalui berbagai tahapan pengolahan pascapanen yang diawasi dengan ketat sehingga menghasilkan cita rasa yang khas sesuai dengan daerah asalnya. PT Sinar Mayang Lestari adalah salah satu perusahaan yang saatini memproduksi dan mengembangkan kopi spesial jenis Arabika Java Preanger. Tujuan dari penelitian ini adalah menganalisis keunggulan bersaing yang dimiliki dan mengembangkan alternative strategi yang perlu dilakukanoleh PT Sinar Mayang Lestari untuk pengembangan usahanya. Penelitian ini menggunakan analisis rantai

  1. CORPORATE BUSINESS ENVIRONMENT AS A SET OF ECONOMIC CONDITIONS FOR BUSINESS DEVELOPMENT

    Directory of Open Access Journals (Sweden)

    Svetlana A. Gusar

    2015-01-01

    Full Text Available Intellectual resources are widely used in the formation of corporate business environment. This environment is a new phenomenon in the system of socio-economic relations. The corporate business environment is a set of economic conditions for the development of entrepreneurship, business life. In this environment, exercise more incentives to work, increasing the level of economic freedom, including the freedom of movement of the resource, including intellectual, production components. It is therefore important and necessary to give its definition from the perspective of both economic and organizational-administrative relations, which is a key objective of this research. In addition, the article carried out a comprehensive assessment of how the corporate environment for the development of regional business and knowledge of the mechanisms of the effect of factors internal and external environment for the development of corporate business environment.

  2. The Relationship between a Business Simulator, Constructivist Practices, and Motivation toward Developing Business Intelligence Skills

    Science.gov (United States)

    Lee, Hsun-Ming; Long, Ju; Visinescu, Lucian L.

    2016-01-01

    Developing Business Intelligence (BI) has been a top priority for enterprise executives in recent years. To meet these demands, universities need to prepare students to work with BI in enterprise settings. In this study, we considered a business simulator that offers students opportunities to apply BI and make top-management decisions in a system…

  3. The dual role of external corporate venturing in technological exploration

    DEFF Research Database (Denmark)

    Li, Ying; van de Vrande, Vareska; Vanhaverbeke, Wim

    2009-01-01

    Innovating firms can not only explore new technologies from its innovation partners, but also explore new technologies from the organizations to which the innovating firm has had no prior relationships. Prior studies have mostly focused on a firm's exploratory learning from its venturing partners...... ("exploration from partners" or "EFP"). There has been little insight on how external corporate venturing may affect the exploratory learning beyond the venturing partnerships ("exploration beyond partners" or "EBP"). We claim that prior venturing relations have a dual role: First, the innovation firm can learn...... from knowledge embedded in its partners. Second, it can also learn from through its partners about knowledge developed by other firms or organizations with whom the innovating firm had no external venturing relations before. In this paper, we are interested how external corporate venturing partnerships...

  4. 24 CFR 943.146 - What impact does the use of a subsidiary, affiliate, or joint venture have on financial...

    Science.gov (United States)

    2010-04-01

    ... subsidiary, affiliate, or joint venture have on financial accountability to HUD and the Federal government... URBAN DEVELOPMENT PUBLIC HOUSING AGENCY CONSORTIA AND JOINT VENTURES Subsidiaries, Affiliates, Joint Ventures in Public Housing § 943.146 What impact does the use of a subsidiary, affiliate, or joint venture...

  5. Macroeconomic pressures and their implications for business development in Africa

    DEFF Research Database (Denmark)

    Kuada, John

    2011-01-01

    The paper discusses the complex relationships between macroeconomic pressures, savings, investments and business development in Sub-Sahara African countries......The paper discusses the complex relationships between macroeconomic pressures, savings, investments and business development in Sub-Sahara African countries...

  6. Informal networks in business development services: case studies from two Brazilian business incubators

    NARCIS (Netherlands)

    A.A. Corradi (Ariane Agnes)

    2012-01-01

    textabstractIntroduction: The central idea of this paper is claiming business incubators as brokerage environments where entrepreneurs have access to resourceful actors. Brokerage relates to the development of bridging social capital (Knorringa, Staveren 2006) through which new information, ideas

  7. TRENDS OF THE GLOBAL MARKET FOR VENTURE FUNDING: COMPARATIVE ANALYSIS

    Directory of Open Access Journals (Sweden)

    Yuriy Drachuk

    2016-11-01

    Full Text Available The purpose of the paper is to explore of the global venture capital market and to reveal of its development trends. Methodology. To achieve this goal used methods: statistical analysis, forecasting method autoregression model, the calculation of the coefficient of variation, Spearman rank correlation coefficient and linear Pearson correlation coefficient. Results. The analysis of the development of the global venture capital market for the years 2007-2015 executed. The coefficients of variation of the volume of venture capital investment and the number of venture capital deals are designed. According to the calculations, variations in the volume of venture capital investment rate is 11.8%, which is almost 2.1 times higher than the value of the coefficient of variation in the number of venture capital deals in the global market of venture capital investments (5.7%. It means: the actual data volume of venture capital investment and the number of venture capital deals are homogeneous collections, because the values of the coefficients of variation of these indices is less than 33%. A characteristic feature of these indicators is a low level of variability and minor fluctuations, that is, a tendency even venture investments of innovative development in the world. To determine the closeness of the connection between the amount of capital raised in the IPO, and the number of transactions Spearman rank correlation coefficient is calculated, as well as the strength of correlation between the volume of investment and the number of transactions in the global market transactions M&A – linear Pearson correlation coefficient. Between the amount of capital raised in the IPO, and the amount of venture capital transactions revealed a strong positive correlation (Spearman's rank correlation coefficient close to 1. This indicates positive trends in the development of the global market of venture IPO, because by investing venture capital in innovation is a

  8. Tax Policy, Venture Capital, and Entrepreneurship

    DEFF Research Database (Denmark)

    Keuschnigg, Christian; Nielsen, Søren Bo

    The paper studies the effects of tax policy on venture capital activity. Entrepreneurs pursue a single high risk project each but have no own resources. Financiers provide equity finance. They must structure the entrepreneur's profit share and base salary to assure their incentives for full effort....... In addition to providing equity finance, venture capitalists assist with valuable business advice to enhance survival rates. Within a general equilibrium framework with a traditional and an entrepreneurial sector, the paper investigates the effects of taxes on the equilibrium level of entrepreneurship...... and managerial advice. It considers differential wage and capital income taxes, a comprehensive income tax, incomplete loss offset, progressive taxation as well as investment and output subsidies to the entrepreneurial sector...

  9. 13 CFR 124.402 - How does a Participant develop a business plan?

    Science.gov (United States)

    2010-01-01

    ... business plan? 124.402 Section 124.402 Business Credit and Assistance SMALL BUSINESS ADMINISTRATION 8(a... Development § 124.402 How does a Participant develop a business plan? (a) General. In order to assist the SBA... Participant must develop a comprehensive business plan setting forth its business targets, objectives, and...

  10. A business-oriented approach to data warehouse development

    Directory of Open Access Journals (Sweden)

    Ania Cravero Leal

    2012-09-01

    Full Text Available Several surveys have indicated that many data warehouses fail to meet business objectives or are outright failures. One reason for this is that requirement engineering is typically overlooked in real projects. This paper addresses data warehouse design from a business perspective by highlighting business strategy analysis, alignment between data warehouse objectives and a firm’s strategy, goal-orientated information requirements’ modelling and how an underlying multidimensional data warehouse model may be derived. A set of guidelines is provided allowing developers to design a data warehouse aligned with a prevailing business strategy. A classic case study is presented.

  11. Franchise Business as a Generator of Development in Central Europe

    Directory of Open Access Journals (Sweden)

    Suzana Baresa

    2017-12-01

    Full Text Available The franchise in the global marketplace enables many globally known brands. With its business concept, it enables integration, learning and acceptance of various cultural, historical, religious and other customs and habits. Consumers prefer a proven and expected standard product quality and services, no matter where they are, they expect and want the same quality provided by franchise companies (shops, restaurants, hotels, and others of well-known brands in different places. It can be concluded that the franchise enables the transfer of business knowledge, experience and technology to an unlimited space. Franchise is largely present as a way of doing business in the world and it has an impact on national economies. Companies can use it as a strategic growth model, as a model for launching a whole new business. Since Croatia has enough potential to develop franchise business that is not sufficiently exploited, that potential could be largely exploited in addition to overcome certain problems. Conducting a systematic analysis of franchise business and development would contribute to this. This paper deals with basic concepts related to the franchise business, features and characteristics, advantages and disadvantages of franchise business, the impact it has on the national economy (US example, and a comparative analysis of the franchise business in Croatia compared to other Central European countries.

  12. Business models and information systems for sustainable development

    NARCIS (Netherlands)

    van Sinderen, Marten J.; Shishkov, Boris; Shishkov, B.B.

    Businesses are expected to explore market opportunities in the area of sustainable development, thus contributing to finding solutions aiming at sustainable quality of life. This will require adaptation and innovation of business models and information systems, with challenges of particular interest

  13. Emotional Intelligence and Cognitive Moral Development in Undergraduate Business Students

    Science.gov (United States)

    McBride, Elizabeth A.

    2010-01-01

    This study examines relationships between emotional intelligence (EI) and cognitive moral development (CMD) in undergraduate business students. The ability model of emotional intelligence was used in this study, which evaluated possible relationships between EI and CMD in a sample of 82 undergraduate business students. The sample population was…

  14. 24 CFR 943.150 - What procurement standards apply to a PHA's joint venture partner?

    Science.gov (United States)

    2010-04-01

    ... a PHA's joint venture partner? 943.150 Section 943.150 Housing and Urban Development Regulations... HOUSING, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT PUBLIC HOUSING AGENCY CONSORTIA AND JOINT VENTURES Subsidiaries, Affiliates, Joint Ventures in Public Housing § 943.150 What procurement standards apply to a PHA...

  15. 24 CFR 943.151 - What procurement standards apply to a joint venture itself?

    Science.gov (United States)

    2010-04-01

    ... a joint venture itself? 943.151 Section 943.151 Housing and Urban Development Regulations Relating... HOUSING, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT PUBLIC HOUSING AGENCY CONSORTIA AND JOINT VENTURES Subsidiaries, Affiliates, Joint Ventures in Public Housing § 943.151 What procurement standards apply to a...

  16. 13 CFR 127.506 - May a joint venture submit an offer on an EDWOSB or WOSB requirement?

    Science.gov (United States)

    2010-01-01

    ... 13 Business Credit and Assistance 1 2010-01-01 2010-01-01 false May a joint venture submit an offer on an EDWOSB or WOSB requirement? 127.506 Section 127.506 Business Credit and Assistance SMALL... project manager responsible for the performance of the contract; (d) The joint venture must perform the...

  17. Risk bias and the link between motivation and new venture post-entry international growth

    NARCIS (Netherlands)

    Kiss, Andreea N.; Williams, David W.; Houghton, Susan M.

    2013-01-01

    We link research in international entrepreneurship and on behavioral decision making with the international business literature on firm degree of internationalization to advance an integrative model of new venture post-entry international growth. We test this model on a sample of 286 new ventures.

  18. Venture Capital in Ohio Schools: Building Commitment and Capacity for School Renewal.

    Science.gov (United States)

    Ohio State Dept. of Education, Columbus.

    This publication describes Venture Capital grants, which are awarded to Ohio schools for school-improvement efforts. Originating in the business sector, the concept of Venture Capital represented corporate earning or individual savings invested in a new or fresh enterprise. The grants are designed to be long-term, evolving efforts focused on a…

  19. Agile Development for Service Oriented Business Intelligence Solutions

    Directory of Open Access Journals (Sweden)

    Marinela MIRCEA

    2011-03-01

    Full Text Available Considering the evolution of information and communications technology, the necessity of alignment of public and private sectors to European Union requirements, the current economic crisis, and the global context, all organizations are trying to achieve major changes that would enable them to operate as intelligent organizations. For this purpose, agility and Business Intelligence are seen by most managers as a way to transform their organizations into intelligent organizations. The study highlights the importance of modern approaches (Service Oriented Architecture, Business Process Management, Business Rules, Cloud Computing, Master Data Management in developing agile Business Intelligence solutions. The paper also presents the stages of developing an agile Business Intelligence solution in the case of public procurement.

  20. Analysis of Financial Ratio to Distinguish Indonesia Joint Venture General Insurance Company Performance using Discriminant Analysis

    Directory of Open Access Journals (Sweden)

    Subiakto Soekarno

    2012-01-01

    Full Text Available Insurance industry stands as a service business that plays a significant role in Indonesiaeconomical condition. The development of insurance industry in Indonesia, both of generalinsurance and life insurance, has increased very fast. The general insurance industry itselfdivided into two major players which are local private company and Joint Venture Company.Lately, the use of statistical techniques and financial ratios models to asses financial institutionsuch as insurance company have been used as one of the appropriate combination inpredicting the performance of an industry. This research aims to distinguish between JointVenture General Insurance Companies that have a good performance and those who are lessperforming well using Discriminant Analysis. Further, the findings led that DiscriminantAnalysis is able to distinguish Joint Venture General Insurance Companies that have a goodperformance and those who are not performing well. There are also six ratios which are RBC,Technical Reserve to Investment Ratio, Debt Ratio, Return on Equity, Loss Ratio, and ExpenseRatio that stand as the most influential ratios to distinguish the performance of joint venturegeneral insurance companies. In addition, the result suggest business people to be concernedtoward those six ratios, to increase their companies’ performance.Key words: general insurance, financial ratio, discriminant analysis

  1. Business Intelligence Methods for Sustainable Development of the Railways

    Directory of Open Access Journals (Sweden)

    Aida-Maria POPA

    2015-10-01

    Full Text Available This paper aims to present a new approach of business intelligence technologies in the context of sustainable development of the railways. The concept of business intelligence is increasingly used in the developed companies and considering that the current economic market is more dynamic from year to year, business intelligence solutions plays an important role for companies to be able to develop efficient plans for both short-term and medium and long term developing. This paper will focus on two technologies: data-warehouse and data-mining and how are they use in the railway business. The subject adapts to the current development trend of European countries to direct the transport of freight and passengers to the railway for support environment.

  2. Venture Growth - New Findings From a Multilevel Perspective - Introduction to the Focus Issue on Growth

    NARCIS (Netherlands)

    Harms, Rainer; Scillitoe, Joanne L.

    2010-01-01

    New venture growth is an important research topic. Past research suggests that growing young ventures play a critical role in local, regional and national economies through the creation of jobs, the generation of profits and the development of innovations. Questions regarding how ventures grow,

  3. Private equity and venture capital: investment fund structures in the Czech Republic

    Directory of Open Access Journals (Sweden)

    Marek Zinecker

    2011-01-01

    Full Text Available A working private equity and venture capital market (PE/VC market stimulates the business environment in a positive manner and impacts the level of economic growth of national economies. A study of the Austrian Private Equity and Venture Capital Organisation/AVCO (2004, p. 6 defines prerequisites for a correct operation of the PE/VC market. It views the legislative provision for suitable legal fund structures for PE/VC investments and their tax treatment as a key factor. In its publication, Private Equity & Venture Capital in the Czech Republic (2010, p. 14, the Czech Venture Capital Association/CVCA stresses that legal barriers are an important reason behind the limited scope of resources available to domestic PE/VC funds. Legal barriers prevent the establishment of a standard PE/VC fund in the territory of the Czech Republic, which fact in turn has a negative impact on the level of development of the domestic PE/VC market (fundraising, investment volumes, establishment of the infrastructure required for the operation of PE/VC funds. The purpose of this article is, based on an analysis of the relevant information sources, to assess how the current Czech legislation regulates the legal fund structures for PE/VC investments and their tax treatment. Proposals for a potential improvement of the situation are based on a comparison of the legislative framework applicable in the Czech Republic and the requirements defined by the European Venture Capital Association/EVCA, as well as the AVCO study (2004, 2006.

  4. The Founding Years of the International New Venture

    DEFF Research Database (Denmark)

    Rasmussen, Erik Stavnsager; Servais, Per; Madsen, Tage Koed

    2007-01-01

    Several studies have focused on International New Ventures; smaller, entrepreneurial firms which adopt a global focus from the beginning and operate in international markets from the earliest day of their establishment. In this paper we intend to focus on the founding years of the International New...... Ventures through the use of a large scale study of all types of industrial firms. This is supplemented with a large number of case studies of International New Ventures since 1997. Some preliminary conclusions are: When the International New Ventures are compared with other types of firms, large...... differences can be seen in their internationalization and in the development in the first three years. The complexity of the internationalization of the International New Ventures is e.g. high compared with other types of international firms....

  5. Mechanisms of innovative self-development of regional business school

    Directory of Open Access Journals (Sweden)

    Anatoliy Viktorovich Molodchik

    2013-09-01

    Full Text Available Within the modern version of «Management 2.0» the approaches to the development of nonlinear starting mechanisms and maintenance of innovative self-development of organization on the example of regional business school are considered. It is noted that there are some possible models of behavior of regional business school among which the model focused on the activation of internal sources of development of the organization and its readiness to act as an infrastructure element of initiation of the self-development processes on the basis of openness, subjectivity and partnership. The business landscape of points of revitalization, results of initiation of activity and partnership form with the central concerned parties is offered. The effective partnership with science, authority, professional associations and business allows to create essentially new decisions for customer satisfaction. So, partner interaction with the client organizations is presented by new technology of joint creation of values in the form of project-focused training of innovative leaders and criteria of an assessment of its strategic productivity. The strategy of cultivating of mechanisms accepted by business school — attractors of innovative self-development is aimed at the formation of organization developing business — models of the new type typical for «2C-systems» (self-development and self-organizing systems.

  6. How to develop a business case for quality.

    Science.gov (United States)

    Reiter, Kristin L; Kilpatrick, Kerry E; Greene, Sandra B; Lohr, Kathleen N; Leatherman, Sheila

    2007-02-01

    To describe the steps in developing a business case for quality-enhancing interventions (QEIs) in health care. The development of a business case for QEIs in health care involves 11 steps. These steps include (1) describing the intervention, (2) determining perspective, (3) identifying the effects of the intervention on quality, (4) designing the study, (5) identifying and measuring cash flows, (6) considering the effects of capacity constraints, (7) selecting a measure of return on investment, (8) determining the time horizon for the analysis, (9) determining the discount rate, (10) adjusting costs and savings for inflation, and (11) determining organizational readiness for business case development. A checklist offers guidance on assessing readiness for the business case. The absence of a 'business case' for quality is frequently cited as the reason health care organizations do not implement QEIs, despite decades of careful research demonstrating their effectiveness. Our continuing commitment to advancing the discipline of business case analysis is based on a belief that delineating the cost and economic implications of investments in QEIs is a critical threshold issue to widespread adoption of evidence-based quality improvements. We believe it is appropriate and timely to consider how best to standardize approaches and move the field of business case analysis forward.

  7. Creating shared value : the relationship between business and development

    OpenAIRE

    Larsen, Marianne Heier

    2015-01-01

    The purpose of this study is to better understand the relationship between business and development by looking particularly at the textile and garment industry in Bangladesh. Previous research shows that Corporate Social Responsibility (CSR), or what today is better known as creating shared value, is often seen as a bridge connecting the arenas of business and development. This report raises and seeks to answer questions centered on the idea of ‘Decent Work’ as propounded by th...

  8. Working Partnerships: A Joint Venture in Vocational Education.

    Science.gov (United States)

    Campbell, Clifton P.

    Joint Ventures in Vocational Education projects link participating businesses with secondary vocational programs in a cooperative relationship. These are voluntary arrangements between vocational programs and a public or private sector agency that combine the energies and resources of the partners to enrich various aspects of the vocational…

  9. Mobile telecom policy and business development in China

    Science.gov (United States)

    Guo, Congliang; Teng, Yong; Sun, Jinjun

    2001-10-01

    It is an interesting that you research on mobile telecom policy and business development in China. China is a developing country, and she is one of the biggest countries in the world. There has a potential advantage in increasing mobile users in China. The wireless communication business developed fast and stable in the last 10 years, and it caused special concern in the world. So the question is why it does and how to do? You will be clear to know these after some researched results as follows: Do not forget the backward history in telecom technology; Pull competition mechanism into telecom business; Cooperation and some limited principles; China user group and characters; The condition of China telecom manufacture industry; Telecom business development strategy and policy dynamic adjusted. Focusing our attention on mobile telecom policy and business development in China, there will have great interest reliability for every one invested telecom business in the world. There is an important thing to find one good method to control market with competition in developing country.

  10. Market orientation of business schools and development of professional competencies of students in the tourism business

    Directory of Open Access Journals (Sweden)

    Rosi Maja

    2016-01-01

    development of key recent trends in the industry? The main objective of this paper is to identify the key aspects of the dynamic adaptation of university business schools and to elaborate on the possible linkage between the development of professional competences of students in the field of tourism and the professional requirements of organizations in this industry. We will use the comparative method (overview and comparison of tourist programs of selected faculties in selected countries of the former Yugoslavia, review and comparison of their programs regardless of any possible accreditation and benchmarking analysis that will help us identify differences in achieved professional student competencies in selected faculties and compare them against achieved professional student competencies of selected, leading faculties in central Europe in the field of tourism.

  11. Venture capital and innovation strategies

    NARCIS (Netherlands)

    Da Rin, Marco; Penas, Fabiana

    2017-01-01

    Venture capital investors are specialized financial intermediaries that provide funding for technological innovation with the goal of realizing a capital gain within a few years. We are the first to examine the association of venture capital funding with a company's choice of innovation strategies.

  12. Venture Capital and Innovation Strategies

    NARCIS (Netherlands)

    Da Rin, M.; Penas, M.F.

    2015-01-01

    Venture capital is a specialized form of financial intermediation that often provides funding for costly technological innovation. Venture capital firms need to exit portfolio companies within about five years from the investment to generate returns for institutional investors. This paper is the

  13. Venture Capital and Innovation Strategies

    NARCIS (Netherlands)

    Da Rin, Marco; Penas, Maria

    2015-01-01

    Venture capital investors are specialized financial intermediaries that provides funding for technological innovation with the goal of realizing a capital gain within a few years. We are the first to examine the association of venture capital funding with a company’s choice of innovation strategies.

  14. Innovation and venture capital exits

    NARCIS (Netherlands)

    Schwienbacher, A.

    2008-01-01

    This article analyses how start-ups financed by venture capital choose their innovation strategy based on the investor's exit preferences and thereby form different outcomes in the product market. It considers innovation choices and venture capital exits (IPO vs trade sale) in a setting in which

  15. A "Rainmaker" Process for Developing Internet-Based Retail Businesses

    Science.gov (United States)

    Abrahams, Alan S.; Singh, Tirna

    2011-01-01

    Various systems development life cycles and business development models have been popularized by information systems researchers and practitioners over a number of decades. In the case of systems development life cycles, these have been targeted at software development projects within an organization, typically involving analysis, design,…

  16. Responsible and sustainable business in the context of sustainable development

    Directory of Open Access Journals (Sweden)

    Gheorghe Săvoiu

    2013-11-01

    Full Text Available Businesses in the contemporary world, detached from the classic entrepreneurial paradigm in keeping with which a business appears, grows and matures, are undergoing a process of adjustment to the new concept of sustainability, focusing on reconciling global, regional, national and local economic development and the quality of the environment. The practical organization of a responsible and sustainable business, the results of which are ever new products and services, which creates new jobs, and contributes, by aggregating systematically, to assessing new macroeconomic results, from GDP or NDP to import and export, and especially to sustainable economic development, requires the presence of both the three classical factors, i.e., capital, labour and location (land, and the other three essential new factors, which are called technology, information and the specific skills of the business owner, or simply of the entrepreneur.

  17. Managing business relationship development : a cross­ cultural perspective

    OpenAIRE

    Cheng-Lung, Li

    2009-01-01

    Cross-cultural issues have been put forward to explain the high failure rate among American firms doing business in China and vice versa. This study focuses on investigating the strategic orientations and behaviors of subsidiaries in business relationship development (BRD) for multinational firms with bases in both countries. In particular, it explores how local managers perceive the effectiveness of BRD and cope with issues between the parent company and the local environment. The study cond...

  18. TRAINING IN ETHICS OF HUMAN CAPITAL TO BUSINESS DEVELOPMENT

    OpenAIRE

    Neyda Ibañez; Rubén Castillo

    2009-01-01

    The purpose of the investigation was to interpret training in ethics for action business students an introduction to the economy of the Faculty of Social and Economic Sciences at the University of Carabobo, as part of professional development in business studies. The investigation was addressed within the paradigm post positivist using ethnographic and hermeneutic method, descriptive mode of scientific research and technique participant-observation. It concludes that training in ethics manage...

  19. Sustainable venture capital – catalyst for sustainable start-up success?

    NARCIS (Netherlands)

    Bocken, N.M.P.

    2015-01-01

    To address global sustainability challenges, major investments are required in sustainable businesses that deliver triple bottom line results. Although interest in sustainable businesses is on the rise, these businesses are not yet widespread. Venture capital investment has a key role to play in the

  20. Internationalization of Family Businesses

    DEFF Research Database (Denmark)

    Boyd, Britta; Hollensen, Svend; Goto, Toshio

    2010-01-01

    This article focuses on the international joint venture formation process of family businesses. The reasoning behind Danfoss’ decision to cooperate with two competing family businesses in Japan and China as well as two nonfamily businesses in Canada and Britain will be analysed. In-depth qualitat...

  1. Leveraging Effectual Means through Business Plan Competition Participation

    Science.gov (United States)

    Watson, Kayleigh; McGowan, Pauric; Smith, Paul

    2015-01-01

    This paper explores whether the business plan competition (BPC), as a classically causational mechanism for extracurricular entrepreneurship education, can facilitate the development of the means that underpin an effectual approach to new venture creation. In-depth, open-ended qualitative interviews were conducted with participants in a regional…

  2. Business School Accreditation in Developing Countries: A case in Kazakhstan

    Directory of Open Access Journals (Sweden)

    Chris Perryer

    2015-10-01

    Full Text Available International accreditation of business schools has become dominated by the ‘big three’ of accreditation agencies – AACSB, EQUIS, and AMBA. Accreditation provides public notification that an institution or program meets benchmark standards, and reflects an institution committed to self-study, external peer-review, and continuous improvement. However, from the perspective of the more than 12,000 business schools worldwide that do not, and most likely will never, meet ‘big three’ imposed benchmarks, accreditation is an exclusion mechanism providing comparative advantage to accredited schools. This is more than a differentiator between accredited and non-accredited business schools – it reinforces the economic ‘great divide’ between developed and less-developed countries, since over 90% of accredited business schools are in developed countries. Consequently, accreditation becomes a moral and ethical imperative that should sit uneasy with anyone concerned with equality and social justice. In response, the Asian Forum on Business Education (AFBE has designed an inclusive international accreditation system that is affordable, and fosters quality improvement at institutions that may initially be some considerable distance from meeting ‘big three’ standards. This paper provides an insight into one such accreditation process at a business school in Kazakhstan, and demonstrates the remarkable progress that can be achieved when quality improvement, rather than mere certification, is the guiding principle.

  3. Entrepreneurship And Business Management - Exploring Linkages For Sustainable Development

    Directory of Open Access Journals (Sweden)

    Dr Serah K Mbetwa

    2015-08-01

    Full Text Available Entrepreneurs have emerged as market leaders in todays business world amidst the numerous economic turmoil constantly affecting economies on a global scale. This research paper is on entrepreneurship and business management and its linkages to other business stakeholders. The research paper therefore discusses entrepreneurship and business management exploring the linkages to available financing and potential institutions for startup capital by linking entrepreneurs to the government financiers and the public clientele. It is believed that this can bring about achievement of sustainable development goals translating into sustainable development and hence economic growth. The idea of funding is echoed by Robert Rice 2016 An entrepreneur without funding is like a musician with no instruments. Sustainability and entrepreneurship sustainopreneurship is made possible with availability of information on linkages between entrepreneurs and financial lending institutions as well as government policy. It is hoped that the research will add to the existing knowledge and help entrepreneurs with funding options for their business ideas to come to life. Findings show that the government financial lending institutions and the public are the major linkages between entrepreneurship and business management and are critical for attaining sustainable development goals and achieving economic growth.

  4. Parallel Development of Products and New Business Models

    DEFF Research Database (Denmark)

    Lund, Morten; Hansen, Poul H. Kyvsgård

    2014-01-01

    The perception of product development and the practical execution of product development in professional organizations have undergone dramatic changes in recent years. Many of these chances relate to introduction of broader and more cross-disciplinary views that involves new organizational functi...... and innovation management the 4th generation models are increasingly including the concept business models and business model innovation....... functions and new concepts. These chances can be captured in various generations of practice. This paper will discuss the recent development of 3rd generation product development process models and the emergence of a 4th generation. While the 3rd generation models included the concept of innovation...

  5. Cost effective management of space venture risks

    Science.gov (United States)

    Giuntini, Ronald E.; Storm, Richard E.

    1986-01-01

    The development of a model for the cost-effective management of space venture risks is discussed. The risk assessment and control program of insurance companies is examined. A simplified system development cycle which consists of a conceptual design phase, a preliminary design phase, a final design phase, a construction phase, and a system operations and maintenance phase is described. The model incorporates insurance safety risk methods and reliability engineering, and testing practices used in the development of large aerospace and defense systems.

  6. DEVELOPMENT OF ENTREPRENEURSHIP AT THE RESORT BUSINESS ENTERPRISES

    Directory of Open Access Journals (Sweden)

    Iryna Mendela

    2017-08-01

    Full Text Available The term “entrepreneurship” is exceedingly widespread in the western management. Its essence is to provide the employee, who has a perspective idea with the possibility to use the company's resources for its implementation, thereby realizing one’s business opportunities. It can be viewed as an activity of the enterprise to achieve goals on the basis of the use of business opportunities. The partnership in the innovative activity is crucial for the effectiveness of its implementation. The partnership does not imply complete equality: professional partnership is characterized by the fact that senior ex official partners receive greater rewards and are less involved in the current work than younger counterparts. The scientific approaches concerned in developing and realization of business conception are particularly relevant in terms of overcoming the economic crisis, effective development and specialization of regional tourist and recreational complexes. The advantages of the entrepreneurship over traditional ways of tourism and recreational activities’ organization are singled out. The principles of behavior of market participants on the market of resort services are defined. The peculiarities of service enterprises are distinguished. The process of stimulating development of company entrepreneurship at resort business enterprise is considered. Based on factors of external and internal environment of business activity, differences that characterize entrepreneurship in tourism and recreation industry, trends of development, achievements of economics it was found that resort business development will stimulate entrepreneurship within the enterprise. Management system, economic indicators of business activity effectiveness, quality of service, integration, clustering, coenterprising and entrepreneurship provide realization of enterprising conception. Key words: Entrepreneurship, intellectual product, innovative idea, intracapital, social

  7. Developments and reforms in small business support institutions since 1996

    Directory of Open Access Journals (Sweden)

    S. Molapo

    2008-12-01

    Full Text Available Purpose/objectives: The aim of the paper is to investigate the successes and shortcomings of the support services provided by the different Small Business Support institutions during the period 1996 to 2003. It also evaluates the recent developments in these Small Business Support institutions. Problem investigated: Many small businesses are still excluded from funds and support from Small Business Support Institutions. The paper investigates the extent to which these institutions provided financial as well as non-financial support to SMMEs in South Africa during the period 1996 to 2003. The paper further explores the changes in the legislation in 2004 in this regard, and explains how it intends to extent support to SMMEs. Design/Methodology/Approach: The paper assesses the small business development policy framework in terms of the functions and assistance of the Small Business Support institutions. Secondly, it analyses the microeconomic evaluation of the services provided for the period 1996 to 2003. This is followed by a macroeconomic evaluation of the impact of support programmes on employment creation, poverty alleviation and economic empowerment. Lastly, the successes and shortcomings of these support programmes are identified and changes since 2003 discussed. Findings/Implications: The fact that many SMMEs still do not get support, points to the shortcomings in the support programmes. Most programmes do not cater for the very small and micro-enterprises and most benefits from these programmes benefit SMMEs in urban areas. Originality/Value: The paper finds an original way to explain the shortcomings of Small Business Support institutions and the lack of data from these institutions since 2003. These institutions must do more than banks and also help those that can not be accommodated by commercial banks. Conclusion: The Small Business Support institutions must help the very small and micro-enterprises that can not be accommodated

  8. Fueling innovation in medical devices (and beyond): venture capital in health care.

    Science.gov (United States)

    Ackerly, D Clay; Valverde, Ana M; Diener, Lawrence W; Dossary, Kristin L; Schulman, Kevin A

    2009-01-01

    Innovation in health care requires new ideas and the capital to develop and commercialize those ideas into products or services. The necessary capital is often "venture capital," but the link between public policy and the venture capital industry has not been well examined. In this paper we explore the link between venture capital and innovation in health care, and we present new descriptive data from a survey of health care venture capital fund managers. Respondents generally viewed policy levers (for example, reimbursement and regulations) as important risks to venture capital investments, potentially affecting their ability to raise capital for early-stage investment funds.

  9. Strategy and business development practices in Danish constrution industry SMEs

    DEFF Research Database (Denmark)

    Thuesen, Christian Langhoff; Koch, Christian; Nielsen, Jesper Salling

    2010-01-01

    The paper presents a qualitative study of strategy and business development practices in Small and Medium Sizes Enterprises (SME) in the Danish construction industry. Theoretically the paper draws upon theories on how strategy is developed and practiced as in integrated part of everyday management...... development is characterized by being unstructured, undocumented and nonreflexive. This is interpreted as a sign of unprofessional management practices in the businesses, which reproduces the existing institutionalized division of labour in the construction industry. The paper concludes that business...... development represents an important but unacknowledged practice for innovation of the building industry and suggests that strategy processes should be facilitated and subject to more detailed research in order to escape the present unhealthy market practices in the construction industry....

  10. 12 CFR 347.107 - Joint ventures.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 4 2010-01-01 2010-01-01 false Joint ventures. 347.107 Section 347.107 Banks... INTERNATIONAL BANKING § 347.107 Joint ventures. (a) Joint ventures. If a bank, directly or indirectly, acquires or holds an equity interest in a foreign organization that is a joint venture, and the bank or its...

  11. Entrepreneurship and small business development in Ethiopia ...

    International Development Research Centre (IDRC) Digital Library (Canada)

    Since the early 2000s, the Ethiopian government has implemented successive development plans and sectoral strategies to transform the economy and create better jobs. The government's development strategies emphasize the role of SMEs in job creation, particularly in urban areas. They have placed a priority on women ...

  12. XP in a Small Software Development Business

    DEFF Research Database (Denmark)

    Babb, Jeffry; Hoda, Rashina; Nørbjerg, Jacob

    2014-01-01

    While small software development shops have trended towards the adoption of Agile methods, local conditions and high iteration pressure typically cause adaptations and appropriations of Agile methods. This paper shares evidence from a study concerning how a small software development company adopts...

  13. Development through Business: What Do American Business Students Know about Emerging Markets and Opportunities in Africa?

    Science.gov (United States)

    Moore, Kelli N.

    2010-01-01

    This article investigates how Africa is taught in business and examines African and American student perspectives on business in Africa. Conclusions find that African students, business students or not, had more knowledge about business and economic structures than American business students; however, learning about successful case studies on…

  14. An Integrated Sustainable Business and Development System: Thoughts and Opinions

    Directory of Open Access Journals (Sweden)

    Rachel J. C. Chen

    2014-09-01

    Full Text Available Companies understand the importance of monitoring and managing their environmental impacts and aim to integrate, with consistent quality control, effective reduce-reuse-recycle programs and risk preventions. By building an integrated sustainable business and development system to meet certain environmental standards, many companies are eligible to be “green” certified. Companies may consider recognizing global visions on sustainability while implementing local best practices. An integrated sustainable business and development system includes talent management, sustainable supply chain, practicing strategies of leveraging resources effectively, implementing social responsibilities, initiating innovative programs of recycling, reducing, and reusing, advancing leaders’ perceptions towards sustainability, reducing innovation barriers, and engaging sustainable practices strategically.

  15. The Business of iPhone App Development

    CERN Document Server

    Wooldridge, Dave

    2010-01-01

    The phenomenal success of the iPhone and the iPod touch has ushered in a "gold rush" for developers, but with well over 100,000 apps in the highly competitive App Store, it has become increasingly difficult for new apps to stand out in the crowd. Achieving consumer awareness and sales longevity for your iPhone app requires a lot of organization and some strategic planning. This book will show you how to incorporate marketing and business savvy into every aspect of the design and development process, giving your app the best possible chance of succeeding in the App Store. The Business

  16. Developing Business School Strategies: A Practitioner-Oriented Conceptualization

    Directory of Open Access Journals (Sweden)

    Daniel Seelhofer

    2016-03-01

    Full Text Available This conceptual paper examines the rationale for strategic planning in business schools and outlines an applied strategy development and controlling process that has been in use at a major Swiss business school for several years, contributing to a significant strengthening of the school's strategic position. It explains the strategy hierarchy and the strategy planning cycle, describes how to conduct a consistent strategic situation analysis, and details how to develop and manage a coherent strategy at all levels (normative, strategic, tactical, and operational, including type, nature, and structure of the corresponding documents.

  17. Mudaraba-Venture Capital Closed-end Mutual Funds and Mudaraba-Venture Capital Open-end Mutual Funds

    OpenAIRE

    Halil Ibrahim Bulut

    2008-01-01

    The important part of this study attempts to explain that both venture capital and interest-free financing are based on similar ground, if not the same. Two new models called Mudaraba-Venture Capital Closed-End Mutual Funds and Mudaraba-Venture Capital Open-End Mutual Funds, based on both the similarities and the needs of financial innovation in the interest-free financing system, are detailed. It is believed that the development of these two models could make some improvements not only in th...

  18. US Joint Ventures 2014 revision

    Data.gov (United States)

    US Fish and Wildlife Service, Department of the Interior — A joint venture is a self-directed partnership of agencies, organizations, corporations, tribes, or individuals that has formally accepted the responsibility of...

  19. Finishing touch to joint venture

    CERN Multimedia

    2003-01-01

    "A new process for polishing titanium and its alloys has been announced following an agreement between Bripol (an Anopol/Delmet joint venture) of Birmingham and the European Organisation for Nuclear Reseach (CERN) in Geneva" (1 paragraph).

  20. Business success and psychological traits of housing developers

    Directory of Open Access Journals (Sweden)

    Mastura Jaafar

    2014-06-01

    Full Text Available Although the issues on entrepreneurship in the real estate industry are disparaging and have received little interest from global researchers, the significant roles played by the industry players warrant further investigation. The personal traits of the owners/managers are deemed to be the key factors to the business success of housing development firms. This paper examined the main determinants of successful business in the housing development sector under the lens of psychological traits of the owners/managers. To identify the success factors of housing development firms, interviews were conducted on 10 housing developers in Peninsular Malaysia. The study shows the significant psychological traits that distinguish the business success of housing developers compared with those in the existing literature. These factors are (1 high confidence and ambition, (2 vision and foresight, (3 industriousness, (4 perseverance and (5 integrity. As housing development is a risky industry, developers can use these findings as a guideline in managing their business toward superior performance.

  1. Business Collaboration in Food Networks: Incremental Solution Development

    Directory of Open Access Journals (Sweden)

    Harald Sundmaeker

    2014-10-01

    Full Text Available The paper will present an approach for an incremental solution development that is based on the usage of the currently developed Internet based FIspace business collaboration platform. Key element is the clear segmentation of infrastructures that are either internal or external to the collaborating business entity in the food network. On the one hand, the approach enables to differentiate between specific centralised as well as decentralised ways for data storage and hosting of IT based functionalities. The selection of specific dataexchange protocols and data models is facilitated. On the other hand, the supported solution design and subsequent development is focusing on reusable “software Apps” that can be used on their own and are incorporating a clear added value for the business actors. It will be outlined on how to push the development and introduction of Apps that do not require basic changes of the existing infrastructure. The paper will present an example that is based on the development of a set of Apps for the exchange of product quality related information in food networks, specifically addressing fresh fruits and vegetables. It combines workflow support for data exchange from farm to retail as well as to provide quality feedback information to facilitate the business process improvement. Finally, the latest status of theFIspace platform development will be outlined. Key features and potential ways for real users and software developers in using the FIspace platform that is initiated by science and industry will be outlined.

  2. A lunar venture

    Science.gov (United States)

    Lee, Joo Ahn; Trinh, Lu X.

    1989-01-01

    As the Earth's space station is in its final stages of design, the dream of a permanent manned space facility is now a reality. Despite this monumental achievement, however, man's quest to extend human habitation further out into space is far from being realized. The next logical step in space exploration must be the construction of a permanent lunar base. This lunar infrastucture can, in turn, be used as a staging ground for further exploration of the remote regions of the solar system. As outlined by the National Aeronautics and Space Administration, the lunar base program consists of three exploratory and implementation phases. In response to the technological and facility requirements of Phase 1 and 2 of this program, the Aerospace Vehicle Design Program of the University of Virgina (UVA) is proud to present a preliminary design for such a lunar infrastructure. This study is a comprehensive evaluation of the mission requirements as well as the design criteria for space vehicles and facilities. The UVA Lunar Venture is a dual system that consists of a lunar space station and a fleet of lunar landers/transporters. With such a design, it is demonstrated that all initial exploratory and construction requirements for the lunar base can be efficiently satisfied. Additionally, the need for such a dual system is justified both from a logistic and economic standpoint.

  3. When Sustainable Development is Core Business

    DEFF Research Database (Denmark)

    Nielsen, Susanne Balslev; Galamba, Kirsten Ramskov

    2010-01-01

    of reorganising public building administration into FM for sustainable development. Design/methodology/approach: Understandings of the term Sustainable Facilities Management is identified through reviews of FM literature as well as literature on sustainable buildings and sustainable urban development...... of society. The research is carried out in collaboration with a Danish local authority which is recognised internationally for its frontrunner initiatives as a green local authority. An ongoing Ph.D. study is included in the research. Findings: SFM is argued to be a holistic FM strategy which contributes...

  4. DEVELOPMENT ACQUIREMENTS AND WORKING LIFE COLLABORATION OF INTERNATIONAL HIGHER EDUCATION STUDENTS : Case: Digital Business Development

    OpenAIRE

    Tuukkanen, Laura; Pudas, Sini

    2014-01-01

    This thesis is commissioned by Mikkeli University of Applied Sciences, Business Department. The research is a case study of an intensive study module Digital Business Development held in August 2014. The purpose of the thesis was to investigate international higher education students’ development acquirements during a three week Digital Business Development course. The research also investigated the success of partnership between Mamk, MPY and international higher education students in th...

  5. Program Management Approach to the Territorial Development of Small Business

    Directory of Open Access Journals (Sweden)

    Natalia Aleksandrovna Knysh

    2016-06-01

    Full Text Available This article presents the results of the research of the application on a state level of the program management approach to the territorial development of small business. Studying the main mechanism of the state policy implementation in the sphere of small business on a regional level, the authors have revealed the necessity to take into account the territorial specificity while the government programs of small business development are being formed. The analysis of the national practice of utilizing the program management mechanism in the regional system of the government support of small entrepreneurship was conducted on the example of Omsk region. The results of the analysis have shown the inefficiency of the current support system for small business and have determined the need to create an integrated model of territorial programming, which would not only contribute to the qualitative development of small business, but also provide the functioning efficiency of program management mechanism. As a result, the authors have created the two-level model of the programming of the territorial development of small business, which allows to satisfy purposefully the needs of entrepreneurship taking into account the specificity of the internal and external environment of the region. The first level of the model is methodological one and it is based on the marketing approach (the concepts of place marketing and relationship marketing to the operation of the program management mechanism. The second level of the model is methodical one. It offers the combination of the flexible methods of management of programming procedure (benchmarking, foresight, crowdsourcing and outsourcing. The given model raises the efficiency of the management decisions of the state structures in the sphere of small business. Therefore, it is interesting for the government authorities, which are responsible for the regional and municipal support programs of small business, as well

  6. Business developments of nonthermal solar technologies

    Energy Technology Data Exchange (ETDEWEB)

    Smith, S.A.; Watts, R.L.; Williams, T.A.

    1985-10-01

    Information on the developments of nonthermal solar technologies is presented. The focus is on the success of wind energy conversion systems (WECS) and photovoltaics. Detailed information on the installed generating capacity, market sectors, financing sources, systems costs and warranties of WECS and photovoltaic systems is summarized. (BCS)

  7. Management Approach for Earth Venture Instrument

    Science.gov (United States)

    Hope, Diane L.; Dutta, Sanghamitra

    2013-01-01

    The Earth Venture Instrument (EVI) element of the Earth Venture Program calls for developing instruments for participation on a NASA-arranged spaceflight mission of opportunity to conduct innovative, integrated, hypothesis or scientific question-driven approaches to pressing Earth system science issues. This paper discusses the EVI element and the management approach being used to manage both an instrument development activity as well as the host accommodations activity. In particular the focus will be on the approach being used for the first EVI (EVI-1) selected instrument, Tropospheric Emissions: Monitoring of Pollution (TEMPO), which will be hosted on a commercial GEO satellite and some of the challenges encountered to date and corresponding mitigations that are associated with the management structure for the TEMPO Mission and the architecture of EVI.

  8. MEASUREMENT PROCESS OF SOFTWARE DEVELOPMENT PROJECTS FOR SUPPORTING STRATEGIC BUSINESS OBJECTIVES IN SOFTWARE DEVELOPING COMPANIES

    Directory of Open Access Journals (Sweden)

    Sandra Lais Pedroso

    2013-08-01

    Full Text Available Software developing companies work in a competitive market and are often challenged to make business decisions with impact on competitiveness. Models accessing maturity for software development processes quality, such as CMMI and MPS-BR, comprise process measurements systems (PMS. However, these models are not necessarily suitable to support business decisions, neither to achieve strategic goals. The objective of this work is to analyze how the PMS of software development projects could support business strategies for software developing companies. Results taken from this work show that PMS results from maturity models for software processes can be suited to help evaluating operating capabilities and supporting strategic business decisions.

  9. BUSINESS ETHICS AND SUSTAINABILITY OF ECONOMIC DEVELOPMENT

    OpenAIRE

    Dan CR?CIUN

    2014-01-01

    This paper begins with a brief analysis of some typical processes which affect in a dramatic way the present and the future resources of world development. Sustainability is one of the key-concepts on which a solution of these negative processes could be based. The abstract idea of sustainability can get a more substantial practical support in connection with the concept of triple bottom line, proposed by J. Elkington. The triple bottom line views the industrial performances of a corporation,...

  10. Development of the businesses through the companies for market research

    Directory of Open Access Journals (Sweden)

    Agim Zuzaku

    2015-03-01

    Full Text Available Market research as the main part of the marketing is very important for the development of businesses as well as for the opportunity in the creation new jobs. The purpose of this paper is to provide the incentives for the businesses to conduct market research while justifying that the market research is an important factor in the decision making process of the businesses and it impacts the development of their business activities by creating a safe decision-making through market research. In order to convert successfully any business ideas with high capital incomes, it is important for the companies to understand and to determine the right value of their investment. For this particular reason, it is important to address the thesis about how the investment in the market research proves the usefulness or the profit for the company. Nowadays, the market research is not only conducted to gather the information about the market and the collection of data. However, very often it is used even to assist in the identification of the opportunities for the future (this has been referred several times as “market research” ‘to point out the difference from’ data collection’. Market research is priceless in the creation process of the new products, services, brands or advertisements (Keegan, 2009. In the case of Kosovo, market research has found very limited room within the strategies for business development. According to the Kosovo Statistics Agency, during 2013, a total of 9421 enterprises have been registered, whereas in total 1508 enterprises or 16 % of the enterprises registered in 2013 have closed (Kosovo Statistics Agency, 2014. In the framework of this research, we have performed a research with the companies that provide services for market research in order to find out how a market research in Kosovo is conducted and in case the number of market research is increased, how much would it impact the creation of new jobs.

  11. The environment for business development in Kosovo

    OpenAIRE

    Mustafë Kadriaj; Lulzim Beqiri

    2016-01-01

    The environment as a term implies natural, social space and the infrastructure in general. Even in the genesis itself, based on the information provided in the divine books and scientific researches and all the facts that surround us, it can be seen that firstly God created nature and then he put the man on the Earth. Hence, the environment is a dominant factor of human development. The world is heading towards a common trade which in the scientific literature is known as economic or commerci...

  12. Perspectives on green marketing and green businesses for sustainable development

    Directory of Open Access Journals (Sweden)

    Cristian Ionuț LAZĂR

    2017-07-01

    Full Text Available Environmental issues have modified the way businesses compete in the marketplace, forcing them to adapt their strategic planning process to new legal, social, and economic requirements. In the long run, an essential advantage of green marketing is that it allows a company to have access to a market that is continuously developing, having a competitive advantage compared to other companies. This paper aims to analyse the meaning of the green marketing concept and to present an overview on the efforts made by companies worldwide to turn into green businesses.

  13. Microsoft SQL Server 2014 Business Intelligence development beginner's guide

    CERN Document Server

    Rad, Reza

    2014-01-01

    Written in an easy-to-follow, example-driven format, there are plenty of step-by-step instructions to help get you started! The book has a friendly approach, with the opportunity to learn by experimenting.If you are a BI and Data Warehouse developer new to Microsoft Business Intelligence, and looking to get a good understanding of the different components of Microsoft SQL Server for Business Intelligence, this book is for you.It's assumed that you will have some experience in databases systems and T-SQL. This book is will give you a good upshot view of each component and scenarios featuring th

  14. Managing Innovation and Business Development Using Enterprise Architecture

    DEFF Research Database (Denmark)

    Tambo, Torben; Bækgaard, Lars

    2011-01-01

    of well planned technological changes. Management of technology (MOT) addresses identification, selection, (long term) planning, designing, implementation and operation of technology based business development. Information Technology (IT) is a key enabler for a vast range of contemporary corporate...... technologies. In management of IT, it has become increasingly popular to use Enterprise Architecture (EA) as a method and supported by a series of formal frameworks. EA maps artifacts and motives against the business strategy. In this paper, MOT and EA are reviewed for their mutual potentials and issues. Two...

  15. TRAINING IN ETHICS OF HUMAN CAPITAL TO BUSINESS DEVELOPMENT

    Directory of Open Access Journals (Sweden)

    Neyda Ibañez

    2009-04-01

    Full Text Available The purpose of the investigation was to interpret training in ethics for action business students an introduction to the economy of the Faculty of Social and Economic Sciences at the University of Carabobo, as part of professional development in business studies. The investigation was addressed within the paradigm post positivist using ethnographic and hermeneutic method, descriptive mode of scientific research and technique participant-observation. It concludes that training in ethics management must transcend the economic theories located in the teleological by financial or economic interests toward the teleological including humanism.

  16. Business Case Development for Inter-Organizational ES Implementations

    NARCIS (Netherlands)

    Eckartz, S.M.

    2010-01-01

    This paper describes my PhD research on the development of business case guidelines that can be used for complex information system implementations, such as inter-organizational enterprise systems (ES). I identify problems and solutions related to the issue of estimating the costs and benefits of

  17. Assessment of Critical Business Skill Development by MBA Alumni

    Science.gov (United States)

    Glynn, Joseph G.; Wood, Gregory R.

    2008-01-01

    Six years of survey data were analyzed to assess, among other things, the degree to which an AACSB accredited graduate business program successfully developed student skills in a variety of areas deemed important for career success. The study illustrates a methodology institutions can use to respond to increasing demands for program evaluation and…

  18. Business Not as Usual: Developing Socially Conscious Entrepreneurs and Intrapreneurs

    Science.gov (United States)

    Parris, Denise Linda; McInnis-Bowers, Cecilia

    2017-01-01

    Our objective was to design an introductory business course to shape the mind-sets and skill sets of the next generation of socially conscious practitioners--to help students develop a sense of self-efficacy built on the confidence that they can make a positive impact on the world using entrepreneurial thinking and action. Essentially, the focus…

  19. Guidelines for developing healthy nutrition in business hotel

    Directory of Open Access Journals (Sweden)

    Iryna Magaletska

    2015-08-01

    Full Text Available Developing healthy food in the business hotel is an integral part of the overall concept. Using natural ingredients with predicted physiological effect allows creating technology of products with higher biological value. The using of alternative products allows making dishes with preventive properties

  20. Modeling Business Development Services (BDS) in the Tanzania ...

    African Journals Online (AJOL)

    The paper aims at proposing a model leading to finding out the determinants of successful provision of useful business development services (BDS) in Tanzania's SMEs market. To this end, the paper specifically aims to; first, examine the extent to which BDS demand side factors affect the successful provision of useful BDS.

  1. Threshold Capability Development in Intensive Mode Business Units

    Science.gov (United States)

    Crispin, Stuart; Hancock, Phil; Male, Sally Amanda; Baillie, Caroline; MacNish, Cara; Leggoe, Jeremy; Ranmuthugala, Dev; Alam, Firoz

    2016-01-01

    Purpose: The purpose of this paper is to explore: student perceptions of threshold concepts and capabilities in postgraduate business education, and the potential impacts of intensive modes of teaching on student understanding of threshold concepts and development of threshold capabilities. Design/Methodology/Approach: The student experience of…

  2. Does a Business Curriculum Develop or Filter Critical Thinking?

    Science.gov (United States)

    Coleman, B. Jay; Mason, Paul; Steagall, Jeffrey W.

    2012-01-01

    We investigate whether a business curriculum develops critical thinking ability or at least serves as a filter for critical thinking (i.e., students who cannot think critically tend not to progress toward graduation). We measure critical thinking by performance on the Watson-Glaser Critical Thinking Appraisal Short Form which was administered to a…

  3. Private equity y venture capital: Diferenciación y principales características

    Directory of Open Access Journals (Sweden)

    Leonel Arango Vásquez

    2015-03-01

    Full Text Available El propósito de este artículo es explicar, desde la teoría, dos posibles opciones de financiación que tienen las empresas cuando éstas no pueden acceder a las fuentes tradicionales. La industria del Capital Riesgo surge así como una fuente alternativa de financiación. Esta industria opera a través de vehículos especiales de inversión llamados fondos Private Equity y fondos Venture Capital. En general, los primeros invierten en compañías maduras y desarrolladas, mientras que los segundos lo hacen en empresas nacientes y pequeñas. El ciclo de financiación que proveen estos fondos se estructura en tres etapas principales: captación de recursos, inversión y desinversión. En este artículo se explica la diferencia entre los términos Private Equity y Venture Capital, así como las principales características de las etapas mencionadas.Palabras clave: desinversión; Capital Riesgo; captación de fondos; inversión alternativa; pymes. Private equity and venture capital: Differentiation and main characteristicsAbstractThe purpose of this article with a qualitative approach aims to determine, from the theory the business environment, when companies are not capable to obtain financing through traditional sources, the Private Equity industry is viewed as an alternative source of finance for those companies. This industry operates through special investment vehicles named Private Equity Funds and Venture Capital Funds. In general, the former invest in develop and mature firms, the latter focus on infant and small companies. The financial cycle that these funds supply is structured in three main phases: fundraising phase, investment phase, and divestment phase or exit. This paper explains the difference between Private Equity and Venture Capital, as well as the main characteristics of the mentioned phases; through the methodology of content analysis, which aims to continue the research project of Venture Capital Industry in Colombia

  4. Fire and EMS Districts, This data is being developed as a joint venture between the City of Yuma, Yuma County and all other municipalities within Yuma County, Published in 2010, 1:2400 (1in=200ft) scale, City of Yuma Government.

    Data.gov (United States)

    NSGIC Local Govt | GIS Inventory — Fire and EMS Districts dataset current as of 2010. This data is being developed as a joint venture between the City of Yuma, Yuma County and all other municipalities...

  5. Hoechst and Wacker plan joint venture in PVC

    Energy Technology Data Exchange (ETDEWEB)

    Young, I.

    1992-12-02

    Restructuring of Europe's petrochemical industry has taken a further step with the announcement that Hoechst (Frankfurt) and Wacker Chemie (Munich) are planning a joint venture in polyvinyl chloride (PVC). The venture would include production, R D, sales and marketing, plus both companies' PVC recycling activities. However, their vinyl chloride monomer (VCM) plants, and Hoechst's Kalle PVC film business, have been left out. Erich Schnitzler, head of Hoechst's PVC business unit, does not anticipate problems with the European Community's competition directorate. We are both among the middle-sized European PVC producers, and together we would have a 9%-10% market share. Our joint venture would not limit competition. Both partners are hoping for approval from Brussels in first-quarter 1993. Hoechst has 255,000 m.t./year of PVC capacity at Gendorfand Knapsack, while Wacker has 365,000 m.t./year at Burghausen and Cologne. All the units, except Wacker's Cologne plant, are back integrated to VCM. The joint venture would buy VCM from the two parent companies and on the merchant market.

  6. 7 CFR 4290.320 - Contents of comprehensive business plan.

    Science.gov (United States)

    2010-01-01

    ... 7 Agriculture 15 2010-01-01 2010-01-01 false Contents of comprehensive business plan. 4290.320... comprehensive business plan. (a) Plan for Developmental Venture Capital investing. The Applicant must describe... of the Applicant's business plan. ...

  7. CAPITAL STRUCTURE AND VENTURE CAPITAL

    Directory of Open Access Journals (Sweden)

    Becsky-Nagy Patricia

    2015-07-01

    Full Text Available Venture capital significantly changes the capital structure of the portfolio company at the time of the investment. Venture capitalists contribute to the company’s success through their active involvement in the management and their added value appears in the increase of the value of the equity. At the same time with taking active role in the management, agency problem occurs, that complicates the cooperation and the success of exit. In this article we search the answer for the question whether the preferred equity, that are commonly used in the US for bridging the agency problem, are used and able to help Hungarian venture capitalists to manage agency problems. On the other hand we examined how the venture capital affect capital structure, how the venture capitalists value added appear in the capital structure. During the evaluation of the three case studies, we came to the conclusion, that the venture capital investments have positive effect on the liabilities of the enterprises, as the capital structure indexes show. However, the investors need the ownership, which help them to step up resolutely, when things change for the worse, and companies need the expertise, which the investors bring with their personal assistance. The investor’s new attitude also has positive effect on a mature company, which has an experienced leader, because he can show another aspect, as a person who come from outside. During the examination of the capital structure, we cannot disregard the events of the company’s environment, which have effects on the firm. The investor’s decisions also appear different ways. Because of this, every venture capital investment is different, just as the capital structure of the firms, in which they invest.

  8. Venture capital and efficiency of portfolio companies

    Directory of Open Access Journals (Sweden)

    A. Thillai Rajan

    2010-12-01

    Full Text Available Venture Capital (VC has emerged as the dominant source of finance for entrepreneurial and early stage businesses, and the Indian VC industry in particular has clocked the fastest growth rate globally. Academic literature reveals that VC funded companies show superior performance to non VC funded companies. However, given that venture capitalists (VCs select and fund only the best companies, how much credit can they take for the performance of the companies they fund? Do the inherent characteristics of the firm result in superior performance or do VCs contribute to the performance of the portfolio company after they have entered the firm? A panel that comprised VCs, an entrepreneur and an academic debated these and other research questions on the inter-relationships between VC funding and portfolio firm performance. Most empirical literature indicates that the value addition effect dominates the selection effect in accounting for the superior performance of VC funded companies. The panel discussion indicates that the context as well as the experience of the General Partners in the VC firms can influence the way VCs contribute to the efficiency of their portfolio companies.

  9. 75 FR 74001 - Application Deadline Extended; Secretarial Business India High Technology Mission

    Science.gov (United States)

    2010-11-30

    ... Gary Locke will lead a senior-level business development trade mission to New Delhi, Mumbai and....S. companies, including joint ventures and export opportunities. In each city participants will have... upon approval. Applications can be completed on-line at the India High Technology Development Missions...

  10. Training and Learning as Drivers of US Microenterprise Business Plan Quality

    Science.gov (United States)

    Cook, Ronald G.; Belliveau, Paul; Sandberg, Mark E.

    2004-01-01

    This study examined the output quality of a US microenterprise training program created to help entrepreneurs develop business plans for their ventures. The program concludes with the entrepreneurs' plans being scored by a panel of experts. Hypotheses were developed and tested to determine the importance of feedback, key components of business…

  11. Advancement of Marketing Developing Biotechnology-Based Business

    Directory of Open Access Journals (Sweden)

    Vaidas Vilmantas

    2014-09-01

    Full Text Available The article, in a complex way, analyzes the needs of marketing improvement in developing biotechnology­based business and highlights its role in the context of modern society and globalization challenges. The article distinguishes between the existing problems of biotechnology business, the present perspectives and specific characteristics of developing the marketing of biotechnological business. The paper represents the possibility of the substantial modernization of marketing tools with regard to modelling user’s behaviour, improvement in marketing strategy for the company, the correction of the elements of the marketing complex, changes in the marketing conception inside the company, product and service differentiation and renewal, the encouragement of expansion into other markets, variations in or the expansion of the target market, alternatives to the positioning strategy for the company, an increase in competitive ability and an internal impact of marketing on the varying elements. The article has referred to the analysis of scientific literature and research on the opinions of consumers and experts in the field in the context of biotechnology­based businesses.

  12. ECONOMIC FORECASTING AS UNIVERSAL ECONOMY AND BUSINESS DEVELOPMENT FORESEEING

    OpenAIRE

    Zhminko N. S.; Gubiyeva S. Y.

    2016-01-01

    The article deals with the types and methods of forecasting as tools for further development of production and business. Specific roles of each way in economy and manufacturing is identified in General. The relationship of forecasting with other sciences of importance in determining the baseline and trends in the development of the economy is indicated. The relationship between foresight of successful transactions in the form of contracts is determined, and the reasons for unfavorable outcome...

  13. HIMSS Venture+ Forum and HX360 Provide Industry View of Health Technology Innovation, Startup and Investment Activity; Advancing the New Model of Care.

    Science.gov (United States)

    Burde, Howard A; Scarfo, Richard

    2015-01-01

    Presented by HIMSS, the Venture+ Forum program and pitch competition provides a 360-degree view on health technology investing and today's top innovative companies. It features exciting 3-minute pitch presentations from emerging and growth-stage companies, investor panels and a networking reception. Recent Venture+ Forum winners include TowerView Health, Prima-Temp, ActuaiMeds and M3 Clinician. As an industry catalyst for health IT innovation and business-building resource for growing companies and emerging technology solutions, HIMSS has co-developed with A VIA, a new initiative that addresses how emerging technologies, health system business model changes and investment will transform the delivery of care. HX360 engages senior healthcare leaders, innovation teams, investors and entrepreneurs around the vision of transforming healthcare delivery by leveraging technology, process and structure.

  14. 15 CFR 295.25 - Special rule for the valuation of transfers between separately-owned joint venture members.

    Science.gov (United States)

    2010-01-01

    ... transfers between separately-owned joint venture members. 295.25 Section 295.25 Commerce and Foreign Trade...-Led Joint Research and Development Ventures § 295.25 Special rule for the valuation of transfers between separately-owned joint venture members. (a) Applicability. This section applies to transfers of...

  15. Building business from technology: The Sandia experience

    Energy Technology Data Exchange (ETDEWEB)

    Traylor, L.B.

    1995-07-01

    This paper describes New Ventures, a new initiative at Sandia National Laboratories that encourages the creation of new businesses based on laboratory technology as a timely, efficient means of technology transfer. Sandia`s New Ventures program has shown that a dedicated effort can produce significant results. In the three years prior to this program`s launch, just two ventures per year on average were created based on laboratory technology. By comparison, the New Ventures program has enabled 20 new ventures in its first nine months of full operation.

  16. Government Sponsored Venture Capital: Blessing Or Curse?

    Directory of Open Access Journals (Sweden)

    Erika Jáki

    2017-12-01

    Full Text Available Young companies with growth opportunities face serious problems when it comes to financing. The private venture capital (VC market fails to provide sufficient funding for this segment. First, we present the main characteristics of start-up companies and market failures that can lead to government intervention. These failures include asymmetric information embodied in the business plan; high transaction costs of the investment process from the investment decision to the exit; and positive externalities in the economy, as the government prefers other goals than profit realization. Government participation is categorized as direct or indirect intervention. We present international studies showing that indirect government intervention can have both beneficial and negative effects on the vc market. Finally, the Hungarian government’s participation and intervention are evaluated on the domestic VC market.

  17. DEVELOPING A TECHNOLOGY-BASED BUSINESS STRATEGY FOR THE INTERNATIONAL BUSINESS OF TELKOM SA

    Directory of Open Access Journals (Sweden)

    M. John

    2012-01-01

    Full Text Available

    ENGLISH ABSTRACT: This study was aimed at developing a technology-based business strategy for Telkom’s international business. Deregulation, competition and demand for converging voice, data and video in the telecommunication market were the driving forces behind this study. Without a proper strategy, Telkom will not be able to withstand the new competition. As the initial step in strategy formulation, Telkom’s strategic goals were identified. A SWOT analysis was conducted and a strategy formulation map was developed. A technology balance sheet and S-curve models were developed to analyse the current products and technologies. It become evident through the research that there is a high potential for business expansion into Africa and Telkom has sufficient capabilities to support this. The implementation of voice over Internet protocol technology will enable Telkom to deliver international services at competitive rates. The study concluded by developing a technology strategy for Telkom’s international business. Recommendations are put forward and future research gaps are identified.

    AFRIKAANSE OPSOMMING: Die doel van hierdie studie was om ‘n tegnologie-gebaseerde besigheidstrategie vir Telkom se internasionale besigheid te ontwikkel. Deregulering, mededinging en die vraag na konvergensie van stem, data en video in die telekommunikasiemark was die dryfkragte agter hierdie studie. Sonder ‘n behoorlike strategie sal Telkom nie teen die nuwe mededinging kan staande bly nie. As eerste stap in die formulering van ‘n strategie, is Telkom se doelwitte geïdentifiseer. ‘n SWOT-analise is uitgevoer en ‘n strategieformuleringskaart is ontwikkel. ‘n Tegnologiebalansstaat en S-krommemodelle is ontwikkel om die bestaande produkte en tegnologieë te ontleed. Hierdie navorsing het aangetoon dat daar ‘n hoë potensiaal vir uitbreiding van Telkom se besigheid in Afrika bestaan en dat Telkom genoegsame vermoëns besit om dit te

  18. Business models and business model innovation in a “Secure and Distributed Cloud Clustering (DISC) Society”

    DEFF Research Database (Denmark)

    Lindgren, Peter; Taran, Yariv

    2011-01-01

    The development and innovation of business models to a secure distributed cloud clustering society (DISC)—is indeed still a complex venture and has not been widely researched yet. Numerous types of security technologies are in these years proposed and in the “slip stream” of these the study...... of secure business models and how business models can be operated and innovated in a secure context have intensified tremendously. The development of new mobile and wireless security technologies gives hopes to really realize a secure cloud clustering society where business models can act and be innovated...... secure—but we still have some steps to go before we reach the final destination. The paper gives a conceptual futuristic outlook on behalf of the input from SW2010 and state of the art business model research to what we can expect of business Model and business model innovation in a future secure cloud...

  19. >venture>: Support for Early Stage Start-ups and Potential Entrepreneurs.

    Science.gov (United States)

    Kauz, Lukas

    2014-12-01

    >venture>, the leading Swiss-wide business plan competition, is an ideal partner for young start-ups and entrepreneurs. For the upcoming tenth anniversary edition the competition will receive an update. Building upon a successful base of the past nine editions and equipped with contemporary networking events and more know-how transferring seminars, >venture> will fit even better into the Swiss start-up ecosystem.

  20. Entrepreneurs vs. Business Plans: A Study of Practicality and Usefulness

    Directory of Open Access Journals (Sweden)

    Sam PD Anantadjaya

    2007-10-01

    Full Text Available In higher education, the topic on business plan is relatively studied in great details to note the importance on formulating business plans. Business plans are regarded as the reference point for business people; managers and members of the board of directors, to really realize the business activities. At least, the topic on business plan, which are discussed and studied in universities, ought to have its own value in the real business operations. Many entrepreneurs, however, face difficulties in formulating structural business plans. Many entrepreneurs may not actually formulate business plans as they are regarded important in many classrooms’ teaching, to provide necessary guidance toward corporate governance, opening up new business units, venture agreements, and/or expansion of business operations. Universities should provide connections between what is discussed in classrooms, and the implementation of such discussions in business practices. This research is intended to seek out relationships between the importance of structural business plans, and the practicality and usefulness of business plans for entrepreneurs in young organizations. The reference point for this research is business portfolio theory, both for individual and organization rational theory. One of such means discussed in this paper is the formulation and development of business plans to attract external funding in supporting the needs toward growth.

  1. Business system: sustainable development and anticipatory systems thinking

    Directory of Open Access Journals (Sweden)

    Vojko Potočan

    2002-01-01

    Full Text Available The existence and development of humankind depends a lot upon a co-ordinated operation of all areas and levels of human activity. However, in either theory or practice we found no model of operation, which would offer a harmonized and target oriented development. A possible solution is offered by sustainable development, which tries to define and carry out common goals of humankind with a holistic harmonization of humans’ activities at all levels of their living and behaviour. Companies belong to central institutions of the modern society and essentially co–create the sustainability of society. Companies endeavour (e.g. by simulation and planning to prepare models of their goals and ways concerning their internal and external environment. On the basis of systems approach, we can define companies as business systems, which can best survive in a log-run on the basis of sustainable development. This business system’s effort can also be supported by the application of the anticipatory systems thinking, which can improve its planning methods, if it is holistic, understood as a future oriented mental activity made of its methodological approach, techniques, and modes of work. Its characteristics have a direct impact on holism of the definition of goals, on the orientation of operation, and hence on the achievement of the business system’s results.

  2. PROBLEMS OF BUSINESS MANAGEMENT WITHIN A REAL ESTATE DEVELOPMENT

    Directory of Open Access Journals (Sweden)

    Dmitriy A. Bryksin

    2013-01-01

    Full Text Available This article describes problems of organization management within a real estate development, the analysis of this problems and the methods of its solution based on the Balanced Scorecard. In present unsteady conditions of business development, commercial activity faces a number of problems. The main types are: the problem of lack of funding, the problem of the growth of a company, the company’s management problem, the problem of business processes, and the problem of the decision-making. As a method to solve the problems is proposed an introduction of the balanced scorecard (BSC, which allows accurately feel the slightest changes in the company, deviation from the planned strategies and adjust the direction of the motion during the life of the company.

  3. Small business in Russia: everyday issues and development constraints

    Directory of Open Access Journals (Sweden)

    Polina Mikhailovna Kozyreva

    2015-03-01

    Full Text Available The article is based on the data of “Russian longitudinal monitoring survey of economic situation and public health NRU HSE” (RLMS-HSE and considers current issues and specifics of social well-being of entrepreneurs engaged in small business – managers of micro-enterprises and individual entrepreneurs as one of the least protected professional groups who face great difficulties in organizing their business. The analysis confirms that numerous lingering problems impeding their work cause a reduction in the level of entrepreneurial activity, significantly worsen the social well-being of entrepreneurs and force many of them to change professional and life plans. The study reveals that social well-being of entrepreneurs engaged in small business is complex and uncertain; it is a consequence of an inconsistency between conditions of life and work, and the heterogeneity of this category of employees. They feel happy more often than wage workers. However, possessing a relatively high level of job satisfaction and life satisfaction in general, and having higher self-assessment of professional skills, small-scale entrepreneurs are less concerned with the low prestige of their work and their lack of wide power and authority in comparison to other categories of employed persons; they are cautious in establishing relationships with other people and they have a comparatively low level of law-abidance. The article proves that one of the conditions for successful functioning and development of small business consists in a balanced combination of entrepreneurial activity, initiative and efficient state governance. However, today, entrepreneurial ability, which should be the main driving force of the new Russian economy, is used extremely inefficiently, which is evident from the abnormally low level of entrepreneurial activity of citizens. And only about half of those who want to start their own business or establish their own company succeed. Only a small

  4. Is Indonesia producing enough business graduates to assist its development aspirations?

    DEFF Research Database (Denmark)

    Fraser, Kym

    2013-01-01

    Business plays an important role in most economies around the world, but businesses rely on the higher education system to supply an adequate number of qualified business graduates. In nations such as the USA, the UK and Australia, business degrees are the most popular university qualification; a...... the trend will have a detrimental impact on the future development aspirations of this highly populated country....

  5. Fashion Retail Master Data Model and Business Development

    DEFF Research Database (Denmark)

    Hovmøller, Harald; Tambo, Torben

    2014-01-01

    datastructures, the characteristics for fashion retailing, the relationship between static and dynamic data, and the governance of this. This paper is analysing and discussing the data dimension of fashion retailing with focus on data-model development, master data management and the impact of this on business...... needs more strict master data governance than general retailing as products are plenty, designed products are not necessarily marketed, and product life-cycles generally are short....

  6. Innovation at tourism business:challenges and creativity for development

    OpenAIRE

    Taskov, Nako; Boskov, Tatjana; Filiposki, Oliver

    2011-01-01

    Tourism firms operate in a business environment in which innovation is important for firm survival. In spite of this, there is an apparent lack of knowledge concerning innovation processes in tourism firms. This article combines considerations about tourism development, such a change in thinking about tourism can contribute to two important changes in the planning and management of tourism in regional destinations — the use of a different set of assessment criteria for...

  7. Staged Financing in Venture capital market.

    OpenAIRE

    Damania, Priti

    2009-01-01

    The report shows the venture capital decision making in staged financing from a real option perspective. The report also describes entrepreneur-venture capital relationship from a prisoner's dilemma approach.

  8. Theory Building- Towards an understanding of business model innovation processes

    DEFF Research Database (Denmark)

    Taran, Yariv; Boer, Harry; Lindgren, Peter

    2009-01-01

    Companies today, in some industries more than others, invest more capital and resources just to stay competitive, develop more diverse solutions, and increasingly start to think more radically, when considering to innovate their business model. However, the development and innovation of business ...... by proposing a generic process to business model innovation, supported by risk management processes. .......Companies today, in some industries more than others, invest more capital and resources just to stay competitive, develop more diverse solutions, and increasingly start to think more radically, when considering to innovate their business model. However, the development and innovation of business...... models is a complex venture and has not been widely researched yet. The objective of this paper is therefore 1) to build a [descriptive] theoretical understanding, based on Christensen's (2005) three-step procedure, to business models and their innovation and, as a result of that, 2) to strengthen...

  9. Towards an understanding of business model innovation processes

    DEFF Research Database (Denmark)

    Taran, Yariv; Boer, Harry; Lindgren, Peter

    2009-01-01

    Companies today, in some industries more than others, invest more capital and resources just to stay competitive, develop more diverse solutions, and increasingly start to think more radically, when considering to innovate their business model. However, the development and innovation of business ...... by proposing a generic process to business model innovation, supported by risk management processes.......Companies today, in some industries more than others, invest more capital and resources just to stay competitive, develop more diverse solutions, and increasingly start to think more radically, when considering to innovate their business model. However, the development and innovation of business...... models is a complex venture and has not been widely researched yet. The objective of this paper is therefore 1) to build a [descriptive] theoretical understanding, based on Christensen’s (2005) three-step procedure, to business models and their innovation and, as a result of that, 2) to strengthen...

  10. Business contacts materials for developing listening and speaking skills for the student of business English

    CERN Document Server

    Brieger, N; Hughes, S; West, C

    1985-01-01

    Business Contacts provides classroom or self-study practice in communication skills for the specialist and non-specialist student of business English. The material is designed for adult learners of lower intermediate level and above who wish to revise their language or re-apply it in a business context.

  11. The Organization of the Innovation Industry: Entrepreneurs, Venture Capitalists, and Oligopolists

    OpenAIRE

    Norbäck, Pehr-Johan; Persson, Lars

    2004-01-01

    Exit of venture-backed firms often takes place through sales to large incumbent firms. We show that in such an environment, venture-backed firms have a stronger incentive to develop basic innovations into commercialized innovations than incumbent firms, due to strategic product market effects. This will increase the price for basic innovations, thereby triggering more such innovations by entrepreneurs. Consequently, a venture capital market implies that more innovations are created, and that ...

  12. PECULIARITIES OF THE RENEWABLE ENERGY BUSINESS MODELS

    Directory of Open Access Journals (Sweden)

    BĂLOI Ionut-Cosmin

    2014-07-01

    Full Text Available By exploring the competitiveness of industries and companies, we could identify the factors whose importance is likely to generate competitive advantage. An inventory of content elements of the business model summarizes the clearest opportunities and prospects. The objectives developed throughout the paper want to identify the pillars of a renewable business model and to describe the strategic dimensions of their capitalisation in regional and national energy entrepreneurship. The trend of increasing the renewable energy business volume is driven by the entrepreneurs and company’s availability to try new markets, with many unpredictable implications and the willingness of these players or their creditors to spend their savings, in various forms, for the concerned projects. There is no alternative to intensive investment strategies, given that the small projects are not able to create high value and competitiveness for interested entrepreneurs. For this reason, the international practice shows that the business models in energy production are supported by partnerships and networks of entrepreneurs who are involved in the development of large projects. The most important feature of renewable business initiatives is on attracting the latest clean emerging technologies, and obviously the investors who can assume the risk of such great projects. The benefits of a well developed business model recommend a prudent approach in the launching in the investment strategies, because the competitive contexts hide always some dissatisfaction of the partners that endanger the business concept’s success. The small firms can develop a profitable business model by exploring the opportunity of the alliances, namely the particular joint ventures (association between Romanian and foreign firms. The advantages of joint venture's partners are considerable; they include access to expertise, resources and other assets that the partners could not achieve on their own

  13. Developing a Business Plan for Critical Care Pharmacy Services.

    Science.gov (United States)

    Erstad, Brian L; Mann, Henry J; Weber, Robert J

    2016-11-01

    Critical care medicine has grown from a small group of physicians participating in patient care rounds in surgical and medical intensive care units (ICUs) to a highly technical, interdisciplinary team. Pharmacy's growth in the area of critical care is as exponential. Today's ICU requires a comprehensive pharmaceutical service that includes both operational and clinical services to meet patient medication needs. This article provides the elements for a business plan to justify critical care pharmacy services by describing the pertinent background and benefit of ICU pharmacy services, detailing a current assessment of ICU pharmacy services, listing the essential ICU pharmacy services, describing service metrics, and delineating an appropriate timeline for implementing an ICU pharmacy service. The structure and approach of this business plan can be applied to a variety of pharmacy services. By following the format and information listed in this article, the pharmacy director can move closer to developing patient-centered pharmacy services for ICU patients.

  14. 77 FR 55186 - Executive-Led Indonesia Vietnam Infrastructure Business Development Mission Statement...

    Science.gov (United States)

    2012-09-07

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF COMMERCE International Trade Administration Executive-Led Indonesia Vietnam Infrastructure Business Development Mission...-Led Indonesia Vietnam Infrastructure Business Development Mission Statement, 77 FR, No. 131, July 9...

  15. Main development trends in public support of business research and development in Czechia

    Directory of Open Access Journals (Sweden)

    Kostić Miroslav

    2017-06-01

    Full Text Available The article aims at identifying main structural characteristics and development trends of business R&D support in the Czech Republic in the period 2007–2015 and their assessment in light of the development of total R&D expenditures in the business sector. Possible impacts of business research support on R&D expenditure from own resources of businesses and on R&D employment are also examined at the level of individual economic sectors. The volume of support annually allocated from the state budget to non-investment R&D activities of businesses culminated between 2009 and 2012. Compared to domestic companies, the companies in foreign ownership obtained only a quarter of public support but their share in total R&D expenditures in the business sector exceeds over a long period the share of domestic companies. Moreover, the difference has further grown in the last years mainly due to rapid increase of private funding from abroad. As regards to the size of businesses the reduction of public funding in the last years occurred primarily in the group of large businesses. However, the decreasing volume of public funding impacted only minimally on large businesses while the reliance of medium and especially small businesses on public resources is considerably higher. Substantial amounts of R&D support from the state budget were allocated particularly to high-tech and medium high-tech industries: manufacture of computer, electronic and optical products; manufacture of machinery; and manufacture of other transport equipment. Unlike in the majority of industrial branches where the absolute annual amounts of public support decreased during the last years, the amounts allocated to the sector of IT services grew significantly. Neither increase of R&D expenditure from own resources of businesses nor increase of R&D employment indicate dependence on the share of domestic public resources in BERD at the level of NACE branches.

  16. The impact of the information technology on the business sector development

    OpenAIRE

    Davcev, Ljupco; Kulakov, Andrea

    2012-01-01

    With the development of information technology, the possibilities for expansion and growth of businesses are increasing. The interaction between business sector and information technology is bringing other new concepts which are affecting the future of business and information technology as two inseparable sciences. Managing business performance is a critical requirement for maximizing business profitability. In fact, in many situations, it is a critical requirement for remaining feasib...

  17. Peranan Business Development Service dalam Pengembangan Usaha Kecil Menengah di Wedoro Centre Waru Sidoarjo

    OpenAIRE

    Nurul Imamah

    2008-01-01

    Expansion of Middle and Small Business in coming is required existence of business service help, either from private sector institute, individual and also governmental as according to insuffiency of each Middle and Small Business. Government agency gives serious attention to activity of Middle and Small Business in the form of handling area financial and also non financial. Handling of non financial proven by formed Business Development Service expected will assist fluency various activity pr...

  18. Value chain assesment in a CCS business development setting

    Energy Technology Data Exchange (ETDEWEB)

    Hektor, Erik A.; Lyngroth, Steinar; Midtsund, Marte Aaberg; Bratfos, Hans A.

    2010-09-15

    Carbon Capture and Storage (CCS) is perceived by many as a necessary bridge to a sustainable future solely based on renewable energy. However, one of the barriers to the commercial implementation of CCS is cost. Today's cost estimates are high due to the large amount of uncertainty relating to this new technology and hence restrain the utility sector from investing in the development of CCS and making it a viable business. This paper presents Value Chain Assessment (VCA) as a powerful tool to help understand how such uncertainties influence the NPV for the various stakeholders in CCS development projects.

  19. Farm Entrepreneurs’ Intentions to Develop Pluriactive Business Activities in Finland

    Directory of Open Access Journals (Sweden)

    Tarja Niemelä

    2015-01-01

    Full Text Available We contribute to the entrepreneurial intentions literature by applying the theory of planned behaviour and resource-based views to the model of active entrepreneurs’ intention to develop their pluriactive usinesses. Using our 2012 survey data from farm firms in Finland, we address the limited focus on active ntrepreneurs and their intentions to develop on-going income-generating, off-farm related business activities. We found that attitudinal proxy antecedents such as innovation, cooperation and growth for pluriactivity differ for active and non-active entrepreneurs and with respect to the entrepreneurs’ age and production line and innovation behaviour.

  20. Development of Business Models of Low-Cost Airlines

    OpenAIRE

    Andrija Vidović; Igor Štimac; Damir Vince

    2013-01-01

    The global economic crisis that affects all industries, including the aviation industry, has forced airlines to adjust their business models to existing market conditions. Low-cost airlines, which till the onset of economic crises in most cases followed the base low-cost business model, have adapted their business model in such a way that they have implemented segments of traditional airlines business models and thus created a hybrid between traditional and low-cost business models. This pape...

  1. 13 CFR 124.404 - What business development assistance is available to Participants during the two stages of...

    Science.gov (United States)

    2010-01-01

    ... business principles and strategies to enhance their ability to compete successfully for both 8(a) and non-8... 13 Business Credit and Assistance 1 2010-01-01 2010-01-01 false What business development....404 Section 124.404 Business Credit and Assistance SMALL BUSINESS ADMINISTRATION 8(a) BUSINESS...

  2. Development of slow pyrolysis business operations in Finland - Hidaspyro

    Energy Technology Data Exchange (ETDEWEB)

    Fagernaes, L.; Kuoppala, E.; Arpiainen, V.; Oasmaa, A. (VTT Technical Research Centre of Finland, Espoo (Finland)), e-mail: leena.fagernas@vtt.fi; Setaelae, H.; Hagner, M. (University of Helsinki, Lahti (Finland), Dept. of Ecological and Environmental Sciences), e-mail: heikki.setala@helsinki.fi; Tiilikkala, K.; Lindqvist, I.; Lindqist, B. (MTT Agrifood Research Finland, Jokioinen (Finland)), e-mail: kari.tiilikkala@mtt.fi

    2011-11-15

    The primary aim of the Hidaspyro project was to support and develop slow pyrolysis business operations of small and medium-sized enterprises by overcoming barriers to commercialisation. In addition to charcoal, the products include distillates, tar and gases. Birch distillate is a new innovation in biological plant protection. Slow pyrolysis test runs with different retorts were carried out using hardwood as feedstock. The analytical scheme was developed for the liquid products. The organic content was for distillates 15-30 wt %, and for tars about 80 wt %. The detailed chemical composition of distillates was determined. Methods to separate tar from distillates were developed resulting in tar free and PAH free distillates, which due to their chemical composition are promising to be utilized. Economic calculations based on the test runs were carried out. Based on experimental results and economic assessments, optimal product lines and business concepts were determined. For more profitable business, utilisation of all the products is needed. Potential applications of the liquids as repellents and wood preservatives were studied. Land snail proved to be a very useful organism for testing different samples. All the liquids tested repelled land snails effectively. Active ingredients of the liquids were identified based on the observed impacts on snails and field voles. The efficacy of repellents is based on several different substances. Storing of the liquids over one year did not reduce the repelling efficacy. The stability of distillates in soils, and the potential leaching of distillates out of the soil were studied in a greenhouse experiment. Tasks related to REACH registration of the products, such as pre-registration, SIEF Communication, preparation of IUCLID5 files, notification of CLP, and up-dating of chemical safety reports, were processed for the enterprises and focused on the terms 'charcoal' and 'pyroligneous acids'. (orig.)

  3. Applying open source innovation approaches in developing business innovation

    DEFF Research Database (Denmark)

    Aagaard, Annabeth; Lindgren, Peter

    2015-01-01

    More and more companies are pursuing continuous innovation through different types of open source innovation and across different partners. The growing interest in open innovation (OI) originates both from the academic community as well as amongst practitioners motivating further investigation...... and managed effectively in developing business model innovation. The aim of this paper is therefore to close this research gap and to provide new knowledge within the research field of OI and OI applications. Thus, in the present study we explore the facilitation and management of open source innovation...

  4. SOA for the Business Developer Concepts, BPEL, and SCA

    CERN Document Server

    Margolis, Ben

    2007-01-01

    Service-Oriented Architecture (SOA) is a way of organizing software. If your company's development projects adhere to the principles of SOA, the outcome will be an inventory of modular units called "services," which allow for a quick response to change. This book tells the SOA story in a simple, straightforward manner that will help you understand not only the buzzwords and benefits, but also the technologies that underlie SOA: XML, WSDL, SOAP, XPath, BPEL, SCA, and SDO. And through it all, the authors provide business examples and illustrations, giving a practical meaning to abstract ideas

  5. Developing a Lean Startup Plan for Online Business

    OpenAIRE

    Myllykoski, Mari

    2015-01-01

    The purpose of this thesis was to develop a lean startup plan for an online company Kiddsafe Ltd. The company is a UK based startup company selling children’s locator devices, which resemble wristbands. The lean startup plan aimed to validate the bu-siness idea of the company by using practical methods of testing as defined in the lean startup methodology. The design and tactics of the research methods used were those defined by the lean startup methodology itself. The aim was to build a lean...

  6. DEVELOPMENT OF INNOVATIVE FORMS OF BUSINESS IN KNOWLEDGE ECONOMY

    Directory of Open Access Journals (Sweden)

    R.I. Chenenova

    2009-09-01

    Full Text Available Development of domestic and foreign scientists in the field of «knowledge economy», service, information and innovation economy are systematized. It is established that in the conditions of postindustrial economy the role of «soft growth factors» increases: the use of information and knowledge for practical purposes, the degree of erudition and qualification of the personnel, growth of innovation activity, structural modernization towards increase in branches of modern technological ways. This is reflected in the evolution of the organizational forms of business (industrial parks → clusters → spontaneous zones.

  7. It's Just (Academic) Business: A Use Case in Improving Informatics Operations with Business Intelligence.

    Science.gov (United States)

    McIntosh, Leslie D; Zabarovskaya, Connie; Uhlmansiek, Mary

    2015-01-01

    Academic biomedical informatics cores are beholden to funding agencies, institutional administration, collaborating researchers, and external agencies for ongoing funding and support. Services provided and translational research outcomes are increasingly important to monitor, report and analyze, to demonstrate value provided to the organization and the greater scientific community. Thus, informatics operations are also business operations. As such, adopting business intelligence practices offers an opportunity to improve the efficiency of evaluation efforts while fulfilling reporting requirements. Organizing informatics development documentation, service requests, and work performed with adaptable tools have greatly facilitated these and related business activities within our informatics center. Through the identification and measurement of key performance indicators, informatics objectives and results are now quickly and nimbly assessed using dashboards. Acceptance of the informatics operation as a business venture and the adoption of business intelligence strategies has allowed for data-driven decision making, faster corrective action, and greater transparency for interested stakeholders.

  8. THERE IS INFLUENCE IN DEVELOPMENT OF COMPANIES WHICH BUILT STOCK, WITH SUPPORT OF INVESTIMENT FUND PRIVATE EQUITY AND VENTURE CAPITAL? EVIDENCES OF ENTRANT COMPANIES AT BOVESPA

    Directory of Open Access Journals (Sweden)

    Caciano Gianechini

    2013-09-01

    Full Text Available This work seeks to identify the impact of the participation of Private Equity funds and Venture Capital (PE/VC, the performance of companies that owned the contribution prior to the opening of capital (IPO. In a more objective the present study seeks to investigate whether companies that opened capital, financed by PE/VC, have performed better than the other formerly the Brazilian stock market debut. The sample of work consists of 116 companies that made the initial public offering (IPO in the São Paulo Stock Exchange (BOVESPA in the period January 2004 to December 2009. First identified that 41 enterprises debuted at BOVESPA being financed by PE/VC funds. Furthermore, the results indicate that the influence of PE/VC funds tend to improve some indices of profitability and market of companies after the IPO. In summary, the evidence found lead to the conclusion that the organizations of private equity and venture capital influence positively the performance of investee companies.

  9. The Development and Evaluation of a Curriculum Document for a Course in Business Communication.

    Science.gov (United States)

    Johnson, Tanya

    A description is provided of the development of a course in business communication for office administration majors at Evergreen Valley College (EVC) in California. The steps involved in the development of the course are explained, including: (1) a review of the educational and business literature on business communication; (2) a review of current…

  10. Agri-Business Development and the Role of Value Chain Business Associations

    DEFF Research Database (Denmark)

    Sørensen, Olav Jull; Ndyetabula, Daniel; Temu, Anna A.

    The aim of the paper is to investigate the role and formation of a business association having calue chain partners as its members.......The aim of the paper is to investigate the role and formation of a business association having calue chain partners as its members....

  11. Training and Business Development Support for Micro Businesses in a Peripheral Area.

    Science.gov (United States)

    Lean, Jonathan

    1998-01-01

    Two surveys of new micro-businesses in Devon and Cornwall (n=361) and interviews with owners and trainers showed that support at and after start-up was not adequate. A potential cause is that the Business Link network, intended to help small growing companies, is not sufficiently flexible or pragmatic to meet their needs. (SK)

  12. "Piggybacking" on Business Communication through Interdisciplinarity: Developing Student Communication Skills in Legal Environment of Business Courses

    Science.gov (United States)

    Cooley, Amanda Harmon

    2009-01-01

    The purpose of this article is to describe an assignment for a legal environment of business course that builds upon and reinforces strong business communication practices. The assignment discusses "piggybacking," which is the unauthorized use of another person's wireless Internet connection. In this assignment, the students are required (1) to…

  13. Stages of Business Development and Job Generation in Wisconsin. Report Prepared for the Wisconsin Strategic Development Commission.

    Science.gov (United States)

    Stone, James R., III; Wentling, Rose Mary

    This report provides a conceptual model of how a business develops and grows in Wisconsin and results from a survey of entrepreneurs. Part I provides the background and develops the conceptual model. It defines small business, discusses entrepreneurial characteristics, describes stages of business development, and considers barriers encountered by…

  14. How does venture capital operate in medical innovation?

    Science.gov (United States)

    Lehoux, P; Miller, F A; Daudelin, G

    2016-07-01

    While health policy scholars wish to encourage the creation of technologies that bring more value to healthcare, they may not fully understand the mandate of venture capitalists and how they operate. This paper aims to clarify how venture capital operates and to illustrate its influence over the kinds of technologies that make their way into healthcare systems. The paper draws on the international innovation policy scholarship and the lessons our research team learned throughout a 5-year fieldwork conducted in Quebec (Canada). Current policies support the development of technologies that capital investors identify as valuable, and which may not align with important health needs. The level of congruence between a given health technology-based venture and the mandate of venture capital is highly variable, explaining why some types of innovation may never come into existence. While venture capitalists' mandate and worldview are extraneous to healthcare, they shape health technologies in several, tangible ways. Clinical leaders and health policy scholars could play a more active role in innovation policy. Because certain types of technology are more likely than others to help tackle the intractable problems of healthcare systems, public policies should be equipped to promote those that address the needs of a growing elderly population, support patients who are afflicted by chronic diseases and reduce health disparities.

  15. Visualisation as the Link Betwen User Data and Business Development

    DEFF Research Database (Denmark)

    Rasmussen, Jørgen; Geert Jensen, Birgitte; Schiønning Mortensen, Bo

    This article points out that visual mapping and concept development can be a decisive element in the translation of large amounts of information into specific concepts for change initiatives. It describes a workshop, based on extensive user data, where design students work directly with companies...... to frame what value their users are seeking, and develop concepts for ways to change the companies business model to deliver the value in demand. The article inscribes itself in G.K. Van Patter's theories about sensemaking, in which visual mapping and concept development into specific areas and topics......, are key factors in the fuzzy front end of transformation processes in which companies are facing complex strategic issues....

  16. Developing small businesses and leveraging resources in Detroit

    OpenAIRE

    Robin G. Newberger; Maude Toussaint-Comeau

    2013-01-01

    On October 16–17, 2012, the Federal Reserve Bank of Chicago, the Michigan Bankers Association, and the New Economy Initiative for Southeast Michigan co-sponsored a symposium that brought together business experts, business owners, policymakers, funders, and bankers to address the issues of small business credit and financing in Detroit.

  17. Developing International Business Managers through International Study Visits to China

    Science.gov (United States)

    Tang, Yiming; Rose, Susan

    2014-01-01

    Globalization is a key factor in the success of business organizations today, impacting many aspects of management performance. Understanding the global business environment has therefore become a key objective in the teaching of international business on Executive MBA programs. Drawing on the theory of experiential learning, this study examines…

  18. Venture Leaders Prize for innovative technology projects

    CERN Document Server

    2006-01-01

    In co-operation with the GEBERT RÜF FOUNDATION and the Ernest & Young Entrepreneur of the Year Award, venturelab will be presenting the Venture Leaders Prize. The Venture Leaders Prize, which is the new guise of the NETS (New Entrepreneurs in Technology and Science) Prize, will give twenty research entrepreneurs with projects to develop innovative technologies the opportunity to win the chance of participating in a programme to assist them in starting up their companies. The winners will go to spend 10 days in the Boston area (United States) where they will take part in a development programme for their project, which will include an entrepreneurship course, opportunities to meet start-up companies and financing experts, etc. This prize has already spawned many companies such as id Quantique, Selexis or ABMI which have contributed to the economic development of regions, particularly in French-speaking Switzerland. The competition is open to students and scientists from all fields, who would like to s...

  19. Business plan as a source of information for making business decisions

    Directory of Open Access Journals (Sweden)

    Boškov Veronika

    2016-01-01

    Full Text Available For the successful development and business support, it is necessary to inform all interested parties about the structure of the transaction, future development plans, the resources needed for the realization, the effects which we plan to achieve and of course financial outcomes that will follow from that job. The business plan is important precondition for starting any business venture, as well as for realisation of that business. Modern business conditions are characterized by intensive changes in the market, strong competition and increasingly demanding customers. Modern business involves meticulous market research and the possibility of profitable use of capital, which is achieved through the simulation of a business plan. It could be said that a business plan is a map of activities for developing business ideas, with all the necessary activities and resources - a map that has been tested and tested/checked first on paper. The business plan does not guarantee the company success, but is definitely a secure way to increase the likelihood of success and present a set of projected activities through the relevant, understandable and accurate information. The results of these activities are appeling to all stakeholders and motivate them to achieve set goals.

  20. Venture capital on a shoestring: Bioventures’ pioneering life sciences fund in South Africa

    Science.gov (United States)

    2010-01-01

    Background Since 2000, R&D financing for global health has increased significantly, with innovative proposals for further increases. However, although venture capital (VC) funding has fostered life sciences businesses across the developed world, its application in the developing world and particularly in Africa is relatively new. Is VC feasible in the African context, to foster the development and application of local health innovation? As the most industrially advanced African nation, South Africa serves as a test case for life sciences venture funding. This paper analyzes Bioventures, the first VC company focused on life sciences investment in sub-Saharan Africa. The case study method was used to analyze the formation, operation, and investment support of Bioventures, and to suggest lessons for future health venture funds in Africa that aim to develop health-oriented innovations. Discussion The modest financial success of Bioventures in challenging circumstances has demonstrated a proof of concept that life sciences VC can work in the region. Beyond providing funds, support given to investees included board participation, contacts, and strategic services. Bioventures had to be proactive in finding and supporting good health R&D. Due to the fund’s small size, overhead and management expenses were tightly constrained. Bioventures was at times unable to make follow-on investments, being forced instead to give up equity to raise additional capital, and to sell health investments earlier than might have been optimal. With the benefit of hindsight, the CFO of Bioventures felt that partnering with a larger fund might benefit similar future funds. Being better linked to market intelligence and other entrepreneurial investors was also seen as an unmet need. Summary BioVentures has learned lessons about how the traditional VC model might evolve to tackle health challenges facing Africa, including how to raise funds and educate investors; how to select, value, and support

  1. Venture capital on a shoestring: Bioventures' pioneering life sciences fund in South Africa.

    Science.gov (United States)

    Masum, Hassan; Singer, Peter A

    2010-12-13

    Since 2000, R&D financing for global health has increased significantly, with innovative proposals for further increases. However, although venture capital (VC) funding has fostered life sciences businesses across the developed world, its application in the developing world and particularly in Africa is relatively new. Is VC feasible in the African context, to foster the development and application of local health innovation?As the most industrially advanced African nation, South Africa serves as a test case for life sciences venture funding. This paper analyzes Bioventures, the first VC company focused on life sciences investment in sub-Saharan Africa. The case study method was used to analyze the formation, operation, and investment support of Bioventures, and to suggest lessons for future health venture funds in Africa that aim to develop health-oriented innovations. The modest financial success of Bioventures in challenging circumstances has demonstrated a proof of concept that life sciences VC can work in the region. Beyond providing funds, support given to investees included board participation, contacts, and strategic services. Bioventures had to be proactive in finding and supporting good health R&D.Due to the fund's small size, overhead and management expenses were tightly constrained. Bioventures was at times unable to make follow-on investments, being forced instead to give up equity to raise additional capital, and to sell health investments earlier than might have been optimal. With the benefit of hindsight, the CFO of Bioventures felt that partnering with a larger fund might benefit similar future funds. Being better linked to market intelligence and other entrepreneurial investors was also seen as an unmet need. BioVentures has learned lessons about how the traditional VC model might evolve to tackle health challenges facing Africa, including how to raise funds and educate investors; how to select, value, and support investments; and how to

  2. Venture capital on a shoestring: Bioventures’ pioneering life sciences fund in South Africa

    Directory of Open Access Journals (Sweden)

    Singer Peter A

    2010-12-01

    Full Text Available Abstract Background Since 2000, R&D financing for global health has increased significantly, with innovative proposals for further increases. However, although venture capital (VC funding has fostered life sciences businesses across the developed world, its application in the developing world and particularly in Africa is relatively new. Is VC feasible in the African context, to foster the development and application of local health innovation? As the most industrially advanced African nation, South Africa serves as a test case for life sciences venture funding. This paper analyzes Bioventures, the first VC company focused on life sciences investment in sub-Saharan Africa. The case study method was used to analyze the formation, operation, and investment support of Bioventures, and to suggest lessons for future health venture funds in Africa that aim to develop health-oriented innovations. Discussion The modest financial success of Bioventures in challenging circumstances has demonstrated a proof of concept that life sciences VC can work in the region. Beyond providing funds, support given to investees included board participation, contacts, and strategic services. Bioventures had to be proactive in finding and supporting good health R&D. Due to the fund’s small size, overhead and management expenses were tightly constrained. Bioventures was at times unable to make follow-on investments, being forced instead to give up equity to raise additional capital, and to sell health investments earlier than might have been optimal. With the benefit of hindsight, the CFO of Bioventures felt that partnering with a larger fund might benefit similar future funds. Being better linked to market intelligence and other entrepreneurial investors was also seen as an unmet need. Summary BioVentures has learned lessons about how the traditional VC model might evolve to tackle health challenges facing Africa, including how to raise funds and educate investors; how

  3. 15 CFR 296.9 - Activities not permitted for joint ventures.

    Science.gov (United States)

    2010-01-01

    ... marketing of proprietary information, such as patents and trade secrets, developed through such venture, or... 15 Commerce and Foreign Trade 1 2010-01-01 2010-01-01 false Activities not permitted for joint ventures. 296.9 Section 296.9 Commerce and Foreign Trade Regulations Relating to Commerce and Foreign Trade...

  4. What differences in the cultural backgrounds of partners are detrimental for international joint ventures?

    NARCIS (Netherlands)

    H.G. Barkema (Harry); G.A.M. Vermeulen (Freek)

    1997-01-01

    textabstractAn international joint venture implies that a firm has to cooperate with a partner with a different cultural background. In this study, hypotheses about which differences in national culture are most disruptive for international joint ventures were developed and tested using Hofstede's

  5. Formal institutions, culture, and venture capital activity: A cross-country analysis

    NARCIS (Netherlands)

    Yong, L.; Zahra, Shaker

    2012-01-01

    Why does the level of venture capital activity vary across countries? This study suggests that the variation can be attributed to the different levels of formal institutional development. Further, this study proposes that venture capitalists respond differently to the incentives provided by formal

  6. Making sense of corporate venture capital.

    Science.gov (United States)

    Chesbrough, Henry W

    2002-03-01

    Large companies have long sensed the potential value of investing in external start-ups, but more often than not, they fail to get it right. Remember the dash to invest in new ventures in the late 1990s and the hasty retreat when the economy turned? This article presents a framework that will help a company decide whether it should invest in a particular start-up by first understanding what kind of benefit might be realized from the investment. The framework--illustrated with examples from Intel, Lucent, and others--explains why certain types of corporate VC investments proliferate only when financial returns are high, why other types persist in good times and in bad, and why still others make little sense in any phase of the business cycle. The framework describes four types of corporate VC investments, each defined by its primary goal--strategic and financial--and by the degree of operational linkage between the start-up and the investing company. Driving investments are characterized by a strong strategic rationale and tight operational links. Enabling investments are also made primarily for strategic reasons, but the operational links are loose. Emergent investments, which are characterized by tight operational links, have little current--but significant potential--strategic value. Passive investments, offering few potential strategic benefits and only loose operational links, are made primarily for financial reasons. Passive corporate VC investments dry up in a down economy, but enabling and driving investments usually have more staying power. That's because their potential returns are primarily strategic, not financial. In other words, they can foster business growth. Emergent investments may make sense even in a weak market because of their potential strategic value--that is, their ability to help companies identify and spark the growth of future businesses.

  7. Managing international joint venture relationships - A longitudinal perspective

    NARCIS (Netherlands)

    Hyder, A.; Ghauri, P.N.

    The purpose of the study is to describe and analyse the formation and development of international joint venture processes and relationships between the partners over time. Moreover, the study analyzes how far foreign partners have been successful in developing new contacts and in expanding their

  8. Timeshare Technologies Factors, Business Conditions and Results of Development in Russia’s Travel Industry

    Directory of Open Access Journals (Sweden)

    Sergey V. Arzumanov

    2011-11-01

    Full Text Available : The article deals with timeshare informal nature, detects recreation system business features, problems and prospects of its development in terms of global travel industry development.

  9. VentureStar(trademark) Reaping the Benefits of the X-33 Program

    Science.gov (United States)

    Sumrall, J.; Lane, C.

    1998-01-01

    Major X-33 flight hardware has been delivered, and assembly of the vehicle is well underway in anticipation of its flight test program commencing in the summer of 1999. Attention has now turned to the operational VentureStar(trademark), the first single-stage-to-orbit (SSTO) reusable launch vehicle. Activities are grouped under two broad categories: (1) vehicle development and (2) market/business planning, each of which is discussed. The mission concept is presented for direct payload delivery to the International Space Station and to low Earth orbit, as well as payload delivery with an upper stage to Geosynchronous Transfer Orbit (GTO) and other high energy orbits. System requirements include flight segment and ground segment. Vehicle system sizing and design status is provided including the application of X-33 traceability and lessons learned. Technology applications to the VentureStar(trademark) are described including the structure, propellant tanks, thermal protection system, aerodynamics, subsystems, payload bay and propulsion. Developing a market driven low cost launch services system for the 21 st Century requires traditional and non-traditional ways of being able to forecast the evolution of the potential market. The challenge is balancing both the technical and financial assumptions of the market. This involves the need to provide a capability to meet market segments that in some cases are very speculative, while at the same time providing the financial community with a credible revenue stream.

  10. Development and implementation of a business continuity management risk index.

    Science.gov (United States)

    Kadar, Michael

    This paper will present the building blocks for developing and implementing the BCM risk index; whether it is used as a comprehensive metric for risk or preparedness. This paper introduces the concept of a business continuity management (BCM) risk index--a comprehensive metric that measures and reports the status of the primary 'intended outcome' of the BCM programme to top management. In addition to measuring the primary programme output,;the BCM risk index can be used to demonstrate the overall value of the BCM programme to executive management. This is accomplished because the BCM risk index allows quantitative measurement of current risk levels and their comparison with established risk tolerances. The BCM Risk Index can provide executive management with reports on the risk level of individual business units, departments, subsidiaries or the enterprise in a way that drives both risk management and BCM initiatives. The name 'risk index' can be misleading, however. The BCM risk index concept can also be used to measure preparedness levels. In fact, implementation at DTE Energy has resulted in calling it the 'preparedness index', which is used to measure and report preparedness levels rather than risk levels.

  11. 77 FR 19750 - Office of Domestic Finance; Small Business, Community Development and Affordable Housing Policy...

    Science.gov (United States)

    2012-04-02

    ... Act to increase the availability of credit for small businesses. This survey is not required by law... Office of Domestic Finance; Small Business, Community Development and Affordable Housing Policy; Small Business Lending Fund; Proposed Collection; Comment Request ACTION: Notice and request for comments...

  12. 77 FR 42831 - Office of Domestic Finance; Small Business, Community Development and Affordable Housing Policy...

    Science.gov (United States)

    2012-07-20

    ... for small businesses. This survey is not required by law, but the SBLF Securities Purchase Agreement... Office of Domestic Finance; Small Business, Community Development and Affordable Housing Policy; Small Business Lending Fund; Proposed Collection; Comment Request ACTION: Notice and request for comments...

  13. Developing an Undergraduate International Business Program: Context, Rationale, Process and Focus

    Science.gov (United States)

    Bell, Jim; Gray, Brendan; McNaughton, Rod

    2003-01-01

    This paper discusses the recent development of a new undergraduate international business program at the University of Otago in New Zealand. Firstly, it describes the context of the initiative in terms of the New Zealand business environment, the university sector in New Zealand and recent global trends in international business education.…

  14. Restructuring health care through nursing and business acumen.

    Science.gov (United States)

    Goodroe, J H

    1998-03-01

    This nurse entrepreneur owns two companies that help others restructure health care processes. Utilizing knowledge from her managerial and business background, as well as clinical innovations in cardiovascular disease, set the stage for this author's successful business ventures.

  15. New venture creation as emerging interdependencies

    DEFF Research Database (Denmark)

    van Oorschot, Robin; Gottlieb, Frederik

    2015-01-01

    What is ‘it’ which actually takes place in the process of the creation of a new venture? Traditional research would focus on the creation of ‘the product’ or the venture. In this paper, we focus on the creation of ‘new meaning’ and emerging interdependencies between people in the process of new...... venture creation. Taking on an auto- ethnographic approach we co-construct, describe and analyse two narratives which on different levels, explore the notion of interdependency emerging in the process of creating a new venture. In our narrative approach we channel our new venture creation research...... into an evocative and analytical direction which is rarely touched upon in the dominant literature on entrepreneurship. We illustrate the value of narrative research in enabling us to investigate what new venture creation is, from an involved participant perspective. We find interdependencies as enabling...

  16. Development of slow pyrolysis business operations in Finland - Hidaspyro

    Energy Technology Data Exchange (ETDEWEB)

    Fagernaes, L.; Kuoppala, E.; Arpiainen, V.; Oasmaa, A. (VTT Technical Research Centre of Finland, Espoo (Finland)), Email: leena.fagernas@vtt.fi; Setaelae, H.; Hagner, M. (Helsinki Univ., Lahti (Finland)Dept. of Ecological and Environmental Sciences), Email: heikki.setala@helsinki.fi; Tiilikkala, K.; Lindqvist, I.; Lindqvist, B. (MTT Agrefood Research Finland, Jokioinen (Finland)), Email: kari.tiilikkala@mtt.fi

    2010-10-15

    The primary aim of the Hidaspyro project is to support and develop slow pyrolysis business operations of small and medium-sized enterprises. In addition to charcoal, the products include distillates, tar and gases. Birch distillate is a new innovation in biological plant protection. Slow pyrolysis test runs with different retorts have been carried out. The analytical scheme developed for the liquid products proved to be very workable. The distillates could be analysed extensively. The organic content was for distillates 15-30 wt%, and for tars about 80 wt%. Methods to separate tar from distillates were developed resulting in tar free and PAH free distillates, which due to their chemical composition are promising to be utilized. Economic calculations based on the test runs are un der way. Based on experimental results and economic assessments, optimal product lines and business concepts will be determined. Potential uses and applications of the liquids as repellents and wood preservatives have been studied. All the liquids tested repelled land snails used as test organisms effectively. Active ingredients of the liquids are being identified based on the observed impacts on snails and field voles. Preliminary results indicated that efficacy of repellents is based on different active ingredients. Storing of the liquids over one year did not reduce the repelling efficacy. The stability of distillates in soils, and the potential leaching of distillates out of the soil are studied in a greenhouse experiment. The REACH pre-registration process was carried out for the enterprises and the work has continued with the SIEF tasks. (orig.)

  17. Internationale joint ventures - udvalgte selskabsretlige problemstillinger

    DEFF Research Database (Denmark)

    Sørensen, Karsten Engsig

    2001-01-01

    Artiklen behandler en række problemstillinger som er særlige for joint ventures stiftet i selskaber af aktie-, anpartsselskabstypen. Bl.a. behandles en række problemer omkring joint venture aftalens forhold til selskabets vedtægter samt en række problemstillinger knyttet til det forhold at der er...... etableret fælles kontrol over joint venture selskabet....

  18. Mediating Business

    DEFF Research Database (Denmark)

    and globally. The book explores the history of key innovations and innovators in the business press. It analyzes changes in the discourse of business journalism associated with the growth in business news and the development of new ways of framing business issues and events. Finally, it examines......"Mediating Business" is a study of the expansion of business journalism. Building on evidence from Denmark, Finland, Norway and Sweden, "Mediating Business" is a comparative and multidisciplinary study of one of the major transformations of the mass media and the realm of business - nationally...... the organizational implications of the increased media visibility of business and, in particular, the development of corporate governance and media relations....

  19. Developing a Business Application with BPM and MDE

    Directory of Open Access Journals (Sweden)

    Óscar Sanjuán Martínez

    2009-12-01

    Full Text Available In this paper we have designed an architecture for the generation of a business application, that allows to business users to adapt their processes to the constant change. At the moment all the architectures based to a great extent on SOA allow to modify the processes in a short period of time, but we go beyond and give the possibility to the business user of modifying their processes. To design this architecture, we rely on the fundamental use of two technologies: BPM (Business Process Modeling and MDE (Model Driven Engineering. Inside these technologies we focus on the creation of a business process notation extended from BPMN that is agile, easy to learn and design, and capable to provide semantic information about the process. Therefore this notation allows business process to modify their processes to achieve the proposed goal.

  20. Government-Business Relationships through Partnerships for Sustainable Development

    DEFF Research Database (Denmark)

    Lehmann, Martin

    2006-01-01

    Moving from largely command and control measures in the 1970s and 1980s, through cleaner production initiatives and self-regulatory initiatives in the 1990s, the emphasis is increasingly on using networks and partnerships between private firms, NGOs, government and civil society as levers...... companies and public bodies have increased. Hence, the tools and means employed—outside as well as inside the network—have developed accordingly. In this paper, a distinct partnership mode of government–business relationships - a collaborative network with respect, trust and mutual legitimacy - is discussed...... and related to the Green Network way of doing things. The conclusion is that through dialogue, reflexivity and the establishment of an enabling environment, public–private partnerships can become useful vehicles in societies’ move towards sustainability....

  1. Adding value to corporate ventures through governance

    DEFF Research Database (Denmark)

    Skat-Rørdam, Peter

    2005-01-01

    This working paper examines the governance of corporate ventures based upon a qualitative interview based case study of a European industrial conglomerate. The purpose is to explore the value adding mechanisms of governance, that are considered more critical to the success of corporate ventures...... than the control mechanisms widely explored in connection with the governance of large public corporations. The paper provides examples of how value can be added as well as perspectives on the challenges and effectivenes here-off as evaluated by venture CEO's and venture board members...

  2. Institutional Venture Capital for the Space Industry: Providing Risk Capital for Space Companies that Provide Investor Returns

    Science.gov (United States)

    Moore, Roscoe M., III

    2002-01-01

    provided by an institution. Those institutions tend to be Banks, Pension Funds, Insurance Funds, Corporations, and other incorporated entities that are obligated to earn a return on their invested capital. These institutions invest in a venture capital firm for the sole purpose of getting their money back with a healthy profit - within a set period of time. The venture capital firm is responsible for investing in and managing companies whose risk and return are higher than other less risky classes of investment. The venture capital firm's primary skill is its ability to manage the high risk of its venture investments while maintaining the high return potential of its venture investments. to businesses for the purpose of providing the above-mentioned Institutions a substantial return on their invested capital. Institutional Venture Capital for the Space Industry cannot be provided to projects or companies whose philosophy or intention is not to increase shareholder equity value within a set time period. efficiently when tied up in companies that intend to spend billions of dollars before the first dollar of revenue is generated. If 2 billion dollars of venture capital is invested in the equity of a Space Company for a minority equity position, then that Space Company must build that minority shareholder's equity value to a minimum investment return of 4 to 8 billion dollars. There are not many start-up companies that are able to reach public market equity valuations in the tens of billions of dollars within reasonable time horizons. Foundations, Manufacturers, and Strategic Investors can invest in projects that cannot realistically provide a substantial return on their equity to their investors within a reasonable period (5-7 years) of time. Venture Capitalists have to make money. Venture capitalists have made money on Satellite Television, Satellite Radio, Fixed Satellite Services, and other businesses. Venture capitalists have not made money on stand

  3. Development of Human Factors Ontology for Business Knowledge Management

    OpenAIRE

    Monica Philippart; Waldemar Karwowski

    2011-01-01

    Employee knowledge and cognitive skills are key assets to achieving business success, yet are often mismanaged. By promoting the human-centered design approach, the discipline of human factors and ergonomics (HF/E) can significantly contribute to optimizing business processes through effective management of employee knowledge. However, a comprehensive methodology is needed to help organizations integrate the HF/E principles across various business processes. This paper introduces a novel meth...

  4. The importance of terminological competence developing for business English learners

    OpenAIRE

    Yusukhno, Svitlana; Korets, Tetiana

    2014-01-01

    The aim of the present paper is to deal with the main issues to the learning terminological collocations in business English. The main emphasis is laid on the importance of collocations for learners of English as a foreign language as well as the actuality importance of their use in the cross cultural business communication. The examples of some frequently used business collocation patterns are provided.

  5. Development of a nurse case management service: a proposed business plan for rural hospitals.

    Science.gov (United States)

    Adams, Marsha Howell; Crow, Carolyn S

    2005-01-01

    The nurse case management service (NCMS) for rural hospitals is an entrepreneurial endeavor designed to provide rural patients with quality, cost-effective healthcare. This article describes the development of an NCMS. A detailed marketing and financial plan, a review of industry trends, and the legal structure and risks associated with the development of the venture are presented. The financial plan projects a minimum savings of 223,200 dollars for rural institutions annually. To improve quality and reduce cost for rural hospitals, the authors recommend implementation of an NCMS.

  6. Business Analysis Skills and Techniques Among Software Developers from Various BPO Industries In Iloilo City, Philippines

    Directory of Open Access Journals (Sweden)

    Alex Ledonio

    2016-11-01

    Full Text Available In Iloilo City, Philippines, BPO Industry is booming and an upcoming Megaworld Business District situates a multitude of BPO companies. In this study the software developers of various BPO companies in Iloilo City were evaluated according to their competency on Business Analysis Skill and Techniques. A common misconception is that IT programmers should be detached to business analysis process and will just have to wait for the requirement solution to implement through software development. This study will gauge how much skills and knowledge they possess on the Business Analysis side. The result of the study reveals that software developers evaluated has an average rating on Business Analysis Tasks and Techniques. Respondents are lacking skills generally on business planning, business requirements analysis, and elicitation processes. These results can be used as a baseline data to recommend a necessary adjustment in school curricula.

  7. Venture Capitalist Enabled Entrepreneurial Mentoring

    DEFF Research Database (Denmark)

    Agrawal, Anirudh

    2018-01-01

    -up entrepreneur. Using some interviews and secondary data from three Indian VC firms, this chapter explores the VC and investee enterprise mentoring within the Indian start-up ecosystem, The data analysis suggests that factors for the best outcomes include VCs that are highly networked‚ intensively sector focused......, have entrepreneurs as investors, and that engage frequently with investees over managerial and market issues. Using these cases, this study proposes an antecedent‚ action and outcome model of venture capital enabled entrepreneurial mentoring in India. This model can be expanded in the global context....

  8. The relationship between motives of entrepreneurial behavior and venture maturity

    Directory of Open Access Journals (Sweden)

    Bobera Dušan

    2017-01-01

    Full Text Available Countries at a different level of development exhibit a variety of entrepreneurial initiatives and activities in terms of motives of entrepreneurial behavior, but also the scope and structure of entrepreneurial ventures. The aim of this paper is to explore the relationship between the degree of economic development and the motives of entrepreneurial behavior. In order to perform a more detailed overview of the research subject, the research area expands on the scope and structure of entrepreneurial activity, with the aim of identifying the impact of the motives of entrepreneurial behavior on the entrepreneurial process observed in its phases. Characteristics of selected variables and the size of the research sample conditioned the usage of the Spearman's correlation coefficient and the Chi-square test. The results indicate a positive correlation between the level of economic development and opportunity motive of entrepreneurial ventures. This motive is also found to be a generator of maturity of entrepreneurial ventures. More specifically, the higher percentage of participation of the entrepreneurial ventures with opportunity motive is associated with a higher percentage of enterprise in more mature stages, which is especially reflected in the group of highly developed countries.

  9. Success factors in new ventures : A meta-analysis

    NARCIS (Netherlands)

    Song, Michael; Podoynitsyna, Ksenia; van der Bijl, H.M.; Halman, Johannes I.M.

    2008-01-01

    Technology entrepreneurship is key to economic development. New technology ventures (NTVs) can have positive effects on employment and could rejuvenate industries with disruptive technologies. However, NTVs have a limited survival rate. In our most recent empirical study of 11,259 NTVs established

  10. Internal and external hybrids and the nature of joint ventures

    NARCIS (Netherlands)

    Hennart, J.M.A.; Grandori, A.

    2013-01-01

    This chapter attempts to bring some clarity and consistency to the literature on hybrids, networks, and joint ventures. That literature is now a thicket of ambiguous concepts and mutually inconsistent theories. I use the tools of transaction cost theory to develop a comprehensive framework that

  11. BUSINESS MANAGEMENT THEORY DEVELOPED ON THE BASIS OF SYSTEM APPROACH AND BUSINESS ENGINEERING TOOLS

    Directory of Open Access Journals (Sweden)

    N. I. Strich

    2011-01-01

    Full Text Available Management should be carried out with due account of the system theory and using tools and opportunities offered by such modern management components as business engineering and reengineering. Main points of this theory are given along with detailed determination of business engineering and reengineering particularly efficient while determining measures needed to reorganize an enterprise (or a group of enterprises through updating its organizational structure as well as economic, personnel or other system. Out-sourcing also described in detail is considered as modern enterprise management system’s most efficient instrument.

  12. The Impact of Institutional Settings on Learning Behavior by Venture Capitalists and Start-Ups

    DEFF Research Database (Denmark)

    Gatti, Anna; Vendelø, Morten Thanning

    2005-01-01

    differen-ces in local institutional settings affect learning and adaptation by European venture ca-pitalists and start-ups, and thus, affect the processes of field formation. For example, it has been observed that institutional settings can facilitate or discourage learning from direct experience (Herriot...... et al., 1985). Thus, depending on the institutional settings venture capitalists and start-ups may rely on diffusion of experience in various degrees. Experiences can diffuse from the US, where venture capitalism as an entrepreneurial form evolved in Silicon Valley in the 1970s. In the US venture...... capitalists represent an institutionalized type of organization with formalized rules and standards, codified be-havior and roles (Suchman, 1995; Suchman et al., 2001). European venture capitalists and start-ups may imitate behavior and rules developed in Silicon Valley, and thus, a second research objective...

  13. Developing Creative Teaching Module: Business Simulation in Teaching Strategic Management

    Science.gov (United States)

    Abdullah, Nor Liza; Hanafiah, Mohd Hizam; Hashim, Noor Azuan

    2013-01-01

    Globalization and liberalization in the business environment have changed the requirements of types and qualities of human capital needed by the corporate sector. In relation to this, business graduates not only need to have theoretical understanding, but they also need to have creative thinking, communication skills and decision making skills…

  14. International Business Models Developed Through Brokerage Knowledge and Value Creation

    DEFF Research Database (Denmark)

    Petersen, Nicolaj Hannesbo; Rasmussen, Erik Stavnsager

    This paper highlights theoretically and empirically international business model decisions in networks with knowledge sharing and value creation. The paper expands the conceptual in-ternational business model framework for technology-oriented companies to include the focal firm’s network role...

  15. Developing Cross-Cultural Communication Skills through Business Communication Simulation.

    Science.gov (United States)

    Baird, John W.; Stull, James B.

    This paper discusses the growing trend toward businesses in United States becoming multinational corporations, particularly in the Latin American countries. Specific attention is given to the skills needed by the organizational communicator in order to function in those settings. The paper presents a cross-cultural business simulation designed to…

  16. Business model innovation in the water sector in developing countries.

    Science.gov (United States)

    Gebauer, Heiko; Saul, Caroline Jennings

    2014-08-01

    Various technologies have been deployed in household devices or micro-water treatment plants for mitigating fluoride and arsenic, and thereby provide safe and affordable drinking water in low-income countries. While the technologies have improved considerably, organizations still face challenges in making them financially sustainable. Financial sustainability questions the business models behind these water technologies. This article makes three contributions to business models in the context of fluoride and arsenic mitigation. Firstly, we describe four business models: A) low-value devices given away to people living in extreme poverty, B) high-value devices sold to low-income customers, C) communities as beneficiaries of micro-water treatment plants and D) entrepreneurs as franchisees for selling water services and highlight the emergence of hybrid business models. Secondly, we show current business model innovations such as cost transparency & cost reductions, secured & extended water payments, business diversification and distribution channels. Thirdly, we describe skills and competencies as part of capacity building for creating even more business model innovations. Together, these three contributions will create more awareness of the role of business models in scaling-up water treatment technologies. Copyright © 2014 Elsevier B.V. All rights reserved.

  17. Business Education for Women Entrepreneurs.

    Science.gov (United States)

    Kent, Calvin

    1983-01-01

    Summarizes the importance of entrepreneurship to the American economy, presents a profile of women small business owners, reviews the research pertaining to business education for women entrepreneurs, and indicates an agenda directed toward the educational needs of women venture initiators. (NRJ)

  18. Scary Business

    DEFF Research Database (Denmark)

    Platts, Todd; Clasen, Mathias

    2017-01-01

    Despite horror films representing business ventures intended to turn profit, box office analyses of the genre have remained rare in scholarly literature. Our study fills that gap through an examination of 117 horror films that reached the top 100 in domestic grosses in the North American film...... statistical approach, we identify a strong presence of supernatural horror films in the period under discussion as well as a relatively weak presence of zombie, vampire, and torture porn films. We argue that supernatural horror films have dominated the top-grossing films in the timeframe because such films...

  19. 13 CFR 108.10 - Description of the New Markets Venture Capital Program.

    Science.gov (United States)

    2010-01-01

    ... 13 Business Credit and Assistance 1 2010-01-01 2010-01-01 false Description of the New Markets... ADMINISTRATION NEW MARKETS VENTURE CAPITAL (âNMVCâ) PROGRAM Introduction to Part 108 § 108.10 Description of the... wealth and job opportunities in low-income geographic areas and among individuals living in such areas...

  20. Building a Marketing Curriculum to Support Courses in Social Entrepreneurship and Social Venture Competitions

    Science.gov (United States)

    Schlee, Regina Pefanis; Curren, Mary T.; Harich, Katrin R.

    2009-01-01

    This study examines the implications of the increased popularity of social enterprise programs and social venture competitions for the marketing curriculum. Social enterprise programs and competitions are often offered outside the school of business and target students from a variety of academic backgrounds. Although social enterprises use…

  1. Health care joint ventures between tax-exempt organizations and for-profit entities.

    Science.gov (United States)

    Sanders, Michael I

    2005-01-01

    Health care exempt organizations have many options regarding their structure and affiliations with for-profit entities. As long as any joint ventures are carefully structured and the nonprofit retains control over the exempt health care activities, the Internal Revenue Service should not question the structure. However, as outlined above, if the for-profit entity effectively gains control over the activities of the venture, the structure is not likely to be upheld by the IRS or the courts, and either the exempt status of the nonprofit will be denied or revoked, or health care income will be subject to the unrelated business income tax. In summary, the health care industry has been severely impacted by many economic forces, including uncertainty in the area of joint ventures between nonprofits and for-profit health care systems. The uncertainty as to whether the joint venture would negatively impact the nonprofit's tax-exempt status undoubtedly caused many nonprofits to form for-profit subsidiaries and otherwise expanded operations in a for-profit marketplace. Fortunately, with the guidance that is currently available in the form of Revenue Ruling 98-15, Redlands, St. David's, and now Revenue Ruling 2004-51, health care institutions can move forward with properly structured joint ventures with greater confidence that the joint venture will not endanger the tax-exempt status of the nonprofit.

  2. International Business Education: Identifying the Emergent Topics in International Business and Their Relevance for Knowledge Development.

    Science.gov (United States)

    Yeoh, Poh-Lin

    2001-01-01

    Sampled faculty in international business (IB) to better understand emerging themes in that area. Seven major topical areas were uncovered: general knowledge of IB, international trade and institutions, cross-cultural issues, managing global operations, international ethics, international monetary systems, and international political/regulatory…

  3. External legitimation in international new ventures

    DEFF Research Database (Denmark)

    Turcan, Romeo V.

    2012-01-01

    This paper explores within the framework of new venture legitimation how and why international new ventures acquire external legitimacy and strive for survival in the face of critical events. Following a longitudinal multiple-case study methodology that was adopted for the purpose of theory...

  4. provider venture capital funds: investing in innovation.

    Science.gov (United States)

    Potter, Mary Jo; Wesslund, Rick

    2016-05-01

    As health systems continue to embrace disruptive innovation, they are increasingly likely to consider making a move into venture capital. Working in venture capital can benefit a health system in several ways, including: Allowing it to operate outside of bureaucracy and align projects with its core values. Encouraging innovation within the organization. Enabling it to respond quickly to changes in the market.

  5. A survey of venture capital research

    NARCIS (Netherlands)

    Hellmann, T.; Puri, M.L.; Da Rin, M.; Constantinides, G.; Harris, M.; Stulz, R.

    2013-01-01

    This survey reviews the growing body of academic work on venture capital. It lays out the major data sources used. It examines the work on venture capital investments in companies, looking at issues of selection, contracting, post-investment services and exits. The survey considers recent work on

  6. A Survey of Venture Capital Research

    NARCIS (Netherlands)

    Da Rin, M.; Hellmann, T.; Puri, M.L.

    2011-01-01

    This survey reviews the growing body of academic work on venture capital. It lays out the major data sources used. It examines the work on venture capital investments in companies, looking at issues of selection, contracting, post-investment services and exits. The survey considers recent work on

  7. Venture financing of start-ups: A model of contract between VC fund and entrepreneur

    Directory of Open Access Journals (Sweden)

    Osintsev Yury

    2010-01-01

    Full Text Available Venture capital has become one of the main sources of innovation in the modern, global economy. It is not just a substitute for bank loans: it has proven to be a more efficient way of financing projects at different stages. On one hand, venture financing allows for projects with higher risk, which leads to the possibility of higher returns on investment. On the other hand, venture investors who usually have managerial experience often participate in governing the business, which certainly adds value to the enterprise. In this paper we establish the model of contract between the venture capital fund and the entrepreneur, focusing on probably the most important issue of this contract: the shares of the parties in the business. The shares in the company determine the distribution of the joint surplus. The expected joint profits are not just exogenously specified in the contract but are dependent on the behavioral variables of both parties at the stage of fulfilling the contract. We call the behavioral variable of the entrepreneur ‘effort’ and the one of the venture fund ‘advice’. The probability of the project’s success, and hence the expected joint revenues, are increased by these two. However, both kinds of effort are costly to the respective parties that have made them. Based on this fact we can elaborate the profit functions of both sides of the contract. Our model can be considered as a basis for specifying contracts concerning venture financing. It can provide the logic for how the equilibrium shares of entrepreneur and venture fund are obtained.

  8. THE ROLE OF VENTURE CAPITAL IN THE BRIDGING OF FUNDING GAPS – A REAL OPTIONS REASONING

    Directory of Open Access Journals (Sweden)

    Fazekas Balazs

    2015-07-01

    Full Text Available Funding gaps occur when for a particular group of enterprises there are not enough available funds to finance their growth. Such enterprises are typically young, innovative and technology-oriented startup companies. These companies do not have significant revenues or collaterals; hence they are not suitable for bank financing. On the other hand the information problems decrease their chances to attract investors and also there is high uncertainty involved in these companies. The method of venture capital financing was established to operate in this financing gap and to provide funds for these technology-oriented, young startup enterprises. There is an extensive literature that highlights that venture capitalists are capable and willing to provide financing for these enterprises as a result of their special expertise and business experience and their sophisticated value creation methods. In this article the authors introduce a real options reasoning in order to give an interpretation of venture capital decision-making method and why venture capital is willing to operate in funding gaps and how it is able to bridge them. With the involvement in the operation of the invested companies venture capitalists create options that increase the value of the firm. Also in option-valuation the higher the uncertainty of the asset is, the higher the value of the option is. That is the reason, why other passive funding forms reject the financing of startup enterprises, while venture capital is willing to provide funds for them. In this article we will describe the problem of funding gaps, than we will introduce real options and their effect on investment decision. In the last part of the article we will demonstrate how real options appear and are created in venture capital financing as a result of its special characteristics and how the real options approach can explain the ability of venture capitalist of bridging funding gaps.

  9. Venture Capitalists in Systems of Innovation

    DEFF Research Database (Denmark)

    Munk, Kasper B.; Vintergaard, Christian

    In contemporary literature on venture capital financial infrastructures are identified as major contributors toa large proportion of today's innovations. Yet quite contradictory the literature on systems of innovation,hardly ever treat venture capitalists as a coherent actor in neither national nor...... regional innovation systems.In attempt to locate and determine the potentials and importance of the venture capitalists in the innovationsystem a two-dimensional taxonomy is constructed and used to illuminate their role and position. Thetaxonomy gains insights through theoretical reasoning and the possible...... location is exemplified by a case ofthe Danish venture capital market.It is argued in this article that venture capitalists stand a better chance of realizing their potential when theytake and are given direct and formal responsibility in the innovation system. In relation hereto, the authorsthus present...

  10. Is HTML5 Right Technology for the Development of Business Software Applications?

    Directory of Open Access Journals (Sweden)

    Zoran Lovrekovic

    2014-02-01

    Full Text Available This paper discusses whether today very popular HTML5 meets all the requirements which are placed for technology for business software applications development. Other technologies for development of the Rich Internet Applications, such as Apache Flex (formerly Adobe Flex and Microsoft Silverlight are compared with HTML5 in terms of business software applications development.

  11. An Analysis of the Development Path of Business English Teachers in Local Institutions of China

    Science.gov (United States)

    Wang, Xin

    2017-01-01

    The application-oriented development of local institutions has become a trend. Business English, with its "compound and cross-disciplinary" characteristics and the development of local economy have put forward higher requirements for the development of business English teachers in local institutions. This paper surveys and analyzes the…

  12. Learning Outcomes in Vocational Education: A Business Plan Development by Production-Based Learning Model Approach

    Science.gov (United States)

    Kusumaningrum, Indrati; Hidayat, Hendra; Ganefri; Anori, Sartika; Dewy, Mega Silfia

    2016-01-01

    This article describes the development of a business plan by using production-based learning approach. In addition, this development also aims to maximize learning outcomes in vocational education. Preliminary analysis of curriculum and learning and the needs of the market and society become the basic for business plan development. To produce a…

  13. Prefabricated house in real estate business development in Jabodetabek

    Science.gov (United States)

    Gumilang Raksamala Basmara Putra, Raka; Susanto, Dalhar

    2017-12-01

    Within constructional technology prefabricated house is known as a house whose most of the components like walls, roofs, toilets, and structural cubes and columns are designated and produced in factory and assembled in site. Based on the experience in certain countries, prefabricated house has successfully entered commercial market. Prefabricated house shows a better infestation value than conventional houses. With prefabrication technology, building construction could be done faster and cost lower price, along with a good craftsmanship quality. Until now, Indonesia is still facing settlements issues and one of them is housing backlog whose amount revolves around 13 Million units. Prefabricated houses potentially solve the settlement issue in Indonesia in a much faster way. Yet the development of prefabricated house has not been accepted well in the market yet, both by the producers and the consumers. This writing talks about the result of the research about the causes of the lack of development in Indonesia when it comes to prefabricated houses though the method of comparison; comparing prefabricated house with conventional house when it comes to its 1) productivity rate, 2) consumers preference and 3) infestation performance. The data is collected through survey methods, interview and questionnaires. The result shows that even though the productivity rate when it comes to quality and time is high, prefabricated house shows low productivity when it comes to cost because it requires greater cost than it is in conventional houses. Other than that, the lack of business development when it comes to prefabricated houses is caused by the low preference of consumers toward the product- because of its inflexibility and monotonous appearance. The infestation of prefabricated house development shows a low NPV and IRR. With a more proper infestation approach such as mass constructions with effective numbers, good flexibility, and various appearances, prefabricated house

  14. Walking the talk: the business case for sustainable development

    National Research Council Canada - National Science Library

    Holliday, Charles O; Schmidheiny, Stephan; Watts, Philip

    2002-01-01

    .... Drawing upon 67 business case studies from around the world, the authors present evidence that good corporate social and environmental performance benefits the bottom line as well as the planet...

  15. Pamplin College of Business wins professional development contract from Ferguson

    OpenAIRE

    Ho, Sookhan

    2005-01-01

    Virginia Tech's Pamplin College of Business recently won a long-term contract to provide professional education and training to Ferguson Enterprises, the nation's largest wholesale distributor of plumbing supplies.

  16. The role of female entrepreneurial networks and small business development: a pilot study based on Sri Lankan migrant entrepreneurs of tourism industry in London

    Directory of Open Access Journals (Sweden)

    H.A.K.N.S.Surangi

    2016-03-01

    Full Text Available Over the past few years much has been written about the rapid spread of various types of firm networking, the area of female entrepreneurs’ networks and small business entrepreneurship is still a challenging research field. This study aims to explore the role of female entrepreneurs’ networks and examine the importance influences for female entrepreneurs’ networking behaviour. Pilot studies are mostly under-reported in the qualitative research literature and this article specifically focuses on the pilot study findings.Having established that a qualitative methodology is most suitable for this study, the in-depth narrative interviews and observation are deemed a particularly suitable research tools. For this study, the pilot work was conducted in London prior to the main stage of data gathering in Sri Lanka. Five Sri Lankan migrant women entrepreneurs in London were purposively approached and interviewed.Findings show that the female entrepreneurs’ networking experience provides a valuable insight for developing their own small businesses. More specifically, majority of the female entrepreneurs emphasized the purpose- driven nature of their contacts and they organized their networks around the family and social domains rather than professional ties. Further, influences: competing family responsibilities and business matters (being a good mum, gender, trust and running home based business, are important and they affect networking behaviour of female entrepreneurs. This study adds to the extant literature through its two-dimensional focus on entrepreneurial networking .The structural dimension which investigates who are parts of the entrepreneurial networks; the relational side which explores the contributions each tie brings to the entrepreneurial venture. Further, it brings new evidence to bear by examine the importance influences for women networking behaviour by showing how the phenomenon of entrepreneurship is context specific and the

  17. Topological properties and community detection of venture capital network: Evidence from China

    Science.gov (United States)

    Jin, Yonghong; Zhang, Qi; Li, Sai-Ping

    2016-01-01

    Financial networks have been extensively studied as examples of real world complex networks. Based on the data from Chinese GEM and SME board, we establish a venture capital (VC) network to study the statistical properties, topological properties and community structure of the Chinese venture capital network. The result shows that there are no dominant venture capital firms in China which act as hubs in the VC network, and multi-company syndication is not popular in China, meaning that the relationships among venture capital companies are weak. The network is robust under either random or intentional attack, and possesses small world property. We also find from its community structure that, venture capital companies are more concentrated in developed districts but the links within the same district are scarce as compared to the links between different developed districts, indicating that venture capital companies are more willing to syndicate with companies in other developed districts. Furthermore, venture capital companies which invest in the same industry have closer relations within their communities than those which do not invest in the same industry.

  18. Venture Investment Incentive Mechanisms and Simulation with Venture Entrepreneurs Having Multistage Efforts Based on Fairness Preference Theory

    Directory of Open Access Journals (Sweden)

    Kaihong Wang

    2016-01-01

    Full Text Available When venture capital has been invested into venture companies, venture capitalists and venture entrepreneurs form a principal-agent relationship. Take into account the fact that the venture entrepreneur’s effort is a long process, because the effort is not the same at different stage. Therefore, efforts variables are seen as the multistage dynamic variable, and venture investment principal-agent model with venture entrepreneurs having multistage efforts is constructed on the basis of the classic principal-agent theory in the paper. Further, in the later stage effort of venture entrepreneurs is affected by the size of prestage benefit with venture capitalists and venture entrepreneurs; thus the fairness preference model is improved, and venture investment principal-agent model with venture entrepreneurs having multistage efforts is constructed on the basis of fairness preference theory. Both theoretical derivation and simulation have demonstrated that, under the condition of information asymmetry, if the fairness preference of venture entrepreneurs holds, then (1 venture capitalists provide venture entrepreneurs with level higher than that without fairness preference, (2 in every single stage venture entrepreneurs make efforts higher than those without fairness preference, and (3 in two periods both venture investors and venture entrepreneurs gain total real gains higher than those in two periods without fair preference.

  19. Pharmaceutical technology management--profitable business avenue.

    Science.gov (United States)

    Puthli, Shivanand P

    2010-01-01

    Growing research expenditure, regulatory framework and generic erosion have forced pharmaceutical companies globally to resort to pharmaceutical technology management (PTM). Indeed, the pharmaceutical industry has witnessed the impact of innovative drug delivery and device technologies and their influence on business. PTM has given a new business insight with greater profits and enhancement of product franchise. Promising breakthrough technologies have not been able to reach a commercial platform largely owing to lack of capital at the preliminary stages of the product development program. Intellectual property plays a considerable role in protecting innovative technologies. Joint ventures and strategic alliances also become important for commercializing a new technology. The synergy of PTM with options of in-licensing is expected to infuse newer opportunities to the pharmaceutical business.

  20. Investment and Portfolio Management: The Development of a Graduate Level Business Course.

    Science.gov (United States)

    Satterlee, Brian

    This paper describes the results of a project to develop a graduate-level business course in Investment and Portfolio Management for use in a Master of Business Administration degree program at Warner Southern College (Florida). The development of the course had three phases: (1) learning outcomes were derived from a literature review on…

  1. A Simple Model to Teach Business Cycle Macroeconomics for Emerging Market and Developing Economies

    Science.gov (United States)

    Duncan, Roberto

    2015-01-01

    The canonical neoclassical model is insufficient to understand business cycle fluctuations in emerging market and developing economies. The author reformulates the model proposed by Aguiar and Gopinath (2007) in a simple setting that can be used to teach business cycle macroeconomics for emerging market and developing economies at the…

  2. 48 CFR 1426.7102 - Minority Business Development Agency (MBDA-91) Plan and Reports.

    Science.gov (United States)

    2010-10-01

    ... Reports 1426.7102 Minority Business Development Agency (MBDA-91) Plan and Reports. ... 48 Federal Acquisition Regulations System 5 2010-10-01 2010-10-01 false Minority Business Development Agency (MBDA-91) Plan and Reports. 1426.7102 Section 1426.7102 Federal Acquisition Regulations...

  3. Launching a world-class joint venture.

    Science.gov (United States)

    Bamford, James; Ernst, David; Fubini, David G

    2004-02-01

    More than 5,000 joint ventures, and many more contractual alliances, have been launched worldwide in the past five years. Companies are realizing that JVs and alliances can be lucrative vehicles for developing new products, moving into new markets, and increasing revenues. The problem is, the success rate for JVs and alliances is on a par with that for mergers and acquisitions--which is to say not very good. The authors, all McKinsey consultants, argue that JV success remains elusive for most companies because they don't pay enough attention to launch planning and execution. Most companies are highly disciplined about integrating the companies they target through M&A, but they rarely commit sufficient resources to launching similarly sized joint ventures or alliances. As a result, the parent companies experience strategic conflicts, governance gridlock, and missed operational synergies. Often, they walk away from the deal. The launch phase begins with the parent companies' signing of a memorandum of understanding and continues through the first 100 days of the JV or alliance's operation. During this period, it's critical for the parents to convene a team dedicated to exposing inherent tensions early. Specifically, the launch team must tackle four basic challenges. First, build and maintain strategic alignment across the separate corporate entities, each of which has its own goals, market pressures, and shareholders. Second, create a shared governance system for the two parent companies. Third, manage the economic interdependencies between the corporate parents and the JV. And fourth, build a cohesive, high-performing organization (the JV or alliance)--not a simple task, since most managers come from, will want to return to, and may even hold simultaneous positions in the parent companies. Using real-world examples, the authors offer their suggestions for meeting these challenges.

  4. The joint venture alternative to mergers.

    Science.gov (United States)

    Enders, R J

    1995-02-01

    However, while a joint venture may be "safe" from antitrust challenge, it is not without some practical difficulties, especially with respect to consolidating services at one location or jointly offering services provided at multiple facilities. These practical concerns include: 1. Who will exercise operational management of the joint venture? 2. How will the joint venture deal with different pricing for services that will be provided at multiple locations? 3. What criteria will be used to decide the location at which consolidated tertiary services will be offered? 4. In what circumstances can the joint venture be unwound, either in its entirety or as to discrete functions? When clinical services have been consolidated at one location, there is an appropriate concern by the other hospital that it will be unable to provide or re-enter the market for those services if the joint venture dissolves. These operational concerns, of course, are not addressed in the Consent Decree. Thus, even if a joint venture relationship survives antitrust scrutiny, the parties must still negotiate and resolve these operational issues in order for the joint venture to be viable.

  5. Investors prefer entrepreneurial ventures pitched by attractive men.

    Science.gov (United States)

    Brooks, Alison Wood; Huang, Laura; Kearney, Sarah Wood; Murray, Fiona E

    2014-03-25

    Entrepreneurship is a central path to job creation, economic growth, and prosperity. In the earliest stages of start-up business creation, the matching of entrepreneurial ventures to investors is critically important. The entrepreneur's business proposition and previous experience are regarded as the main criteria for investment decisions. Our research, however, documents other critical criteria that investors use to make these decisions: the gender and physical attractiveness of the entrepreneurs themselves. Across a field setting (three entrepreneurial pitch competitions in the United States) and two experiments, we identify a profound and consistent gender gap in entrepreneur persuasiveness. Investors prefer pitches presented by male entrepreneurs compared with pitches made by female entrepreneurs, even when the content of the pitch is the same. This effect is moderated by male physical attractiveness: attractive males were particularly persuasive, whereas physical attractiveness did not matter among female entrepreneurs.

  6. Business literacy and development: evidence from a randomized controlled trial in rural Mexico

    OpenAIRE

    Calderon, Gabriela; Cunha, Jesse M.; Giorgi, Giacomo

    2013-01-01

    NBER Working Paper series, Working Paper 19740, http://www.nber.org/papers/w19740, National Bureau of Economic Research A large share of the poor in developing countries run small enterprises, often earning low incomes. This paper explores whether the poor performance of businesses can be explained by a lack of basic business skills. We randomized the offer of a free, 48-hour business skills course to female entrepreneurs in rural Mexico. We find that those assigned to treatment earn hi...

  7. The historical development of business philanthropy: social responsibility in the new corporate economy.

    Science.gov (United States)

    Marinetto, M

    1999-01-01

    According to neo-liberal economists such as Friedman and Hayek, the prime function of any business enterprise is to generate profits; its central responsibility is to shareholders. The idea that business owners should also seek to perform social tasks is regarded as completely erroneous. Historical evidence suggests that not all business leaders have been content simply to perform a commercial role in society. Numerous industrialists and entrepreneurs throughout the nineteenth century made significant contributions to their local communities. The early efforts of socially responsible business leaders are well documented. This paper aims to build on existing historical analysis of business philanthropy and social involvement by analysing developments in post-war Britain. Three main historical developments are outlined. Firstly, the early post-war years, despite the formation of the welfare state, witnessed some notable efforts to engage business in society. These were mainly inspired by church-led organisations and Christian entrepreneurs. Second, the expansion of the corporate economy throughout the 1940s and 1950s placed increasing constraints on the social aspirations of businesses. Finally, from the mid-1970s onwards there grew a more general interest in corporate responsibility. This was consolidated in the 1980s. As part of the general redefinition of state functions in this period, the role of business in addressing social problems became more prominent. Such political and policy developments, it is argued, have made a significant contribution towards enhancing the social role of business.

  8. Taxation and venture capital-backed entrepreneurship

    DEFF Research Database (Denmark)

    Keuschnigg, Christian; Nielsen, Søren Bo

    2003-01-01

    In recent years, venture capital has increasingly become a factor in thefinancing of new firms. We examine how the value of mature firms determinesthe incentives of entrepreneurs to start up new firms and of venture capitaliststo finance and advise them. We examine how capital gains taxes as well...... assubsidies to start-up costs of new firms affect venture capital-backedentrepreneurship. We also argue that dividend and capital gains taxes onmature firms have important consequences for start-up firms as well.JEL Classification: D82, G24, H24 and H25Keywords: double moral hazard, entrepreneurship, taxes...

  9. Assessing the Effectiveness of Guided Preparation for New Venture Creation: Theory and Practice

    DEFF Research Database (Denmark)

    Pons Rotger, Gabriel; Gørtz, Mette; Storey, David

    2012-01-01

    Governments in virtually all developed countries subsidise “guided preparation” for entrepreneurial activity. Despite being so widespread, the evidence that this assistance enhances venture performance remains in dispute, primarily because of a lack of consensus over statistical approaches...

  10. 15 CFR 296.8 - Joint venture agreement.

    Science.gov (United States)

    2010-01-01

    ... 15 Commerce and Foreign Trade 1 2010-01-01 2010-01-01 false Joint venture agreement. 296.8 Section... PROGRAM General § 296.8 Joint venture agreement. NIST shall not issue a TIP award to a joint venture and no costs shall be incurred under a TIP project by the joint venture members until such time as a...

  11. Africans want to do business | IDRC - International Development ...

    International Development Research Centre (IDRC) Digital Library (Canada)

    2013-12-12

    Dec 12, 2013 ... The Global Entrepreneurship Monitor (GEM), the largest ongoing study of entrepreneurial dynamics in the world, surveyed more than 2,000 adults in each country to gather information about whether they were actually in business, about to start one, or had recently closed one. They were also asked about ...

  12. Taking a Risk to Develop Reflective Skills in Business Practitioners

    Science.gov (United States)

    Mackay, Margaret; Tymon, Alex

    2016-01-01

    Critical reflection can support alternative decision-making in business practice. This paper examines the effectiveness of a risk-based pedagogy to engage practitioners in reflective thinking. Educators adopting a radical pedagogy in professionally accredited programmes face multiple challenges: learners often resist the process of self-reflection…

  13. On the development and management of adaptive business collaborations

    NARCIS (Netherlands)

    Orriëns, B.

    2007-01-01

    Today’s business climate demands a high rate of change with which Information Technology (IT)-minded organizations are required to cope. Organizations face rapidly changing market conditions, new competitive pressures, new regulatory fiats that demand compliance, and new competitive threats. All of

  14. 75 FR 21597 - Business Development Trade Mission to Baghdad, Iraq

    Science.gov (United States)

    2010-04-26

    ... national elections, held on March 7, 2010. Iraq continues to improve its security and to build an... large projects relating to construction, highways, railways, telecommunications, and security and..., directly behind Syria and Turkey. Iraq has a business culture in which deals are made on the strength of...

  15. International business, corporate social responsibility and sustainable development

    NARCIS (Netherlands)

    Kolk, A.; van Tulder, R.

    2010-01-01

    While attention to the social and environmental impacts of international business (IB) is not new, the past years have seen renewed interest due to pressing global problems such as climate change and poverty. Multinational enterprises (MNEs) are regarded as playing a specific role given their global

  16. Developing a holistic framework to understand the contribution of sustainable public procurement to the development of more sustainable business models

    NARCIS (Netherlands)

    Witjes, S.; Lozano, R.

    2015-01-01

    The concept of sustainable development has encouraged companies to re-asses the 9 way they do business. The integration of sustainability requirements into the 10 procurement process, leading to sustainable procurement, can motivate companies to 11 develop more sustainable business models. 12

  17. How do new ventures in MNC ecosystems proactively overcome interfirm asymmetries?

    Directory of Open Access Journals (Sweden)

    Shameen Prashantham

    2011-09-01

    Full Text Available Several contemporary large multinational corporations (MNCs have developed interfirm ecosystems that are likely to attract a heterogeneous set of actors, including new ventures. New ventures are asymmetric vis-à-vis the focal MNC in terms of organisational size, structure and power which could be an impediment to the development of social capital between these sets of firms. And yet MNCs are potentially a source of novel information, opportunities and ideas. An interesting question to consider therefore is how new ventures overcome interfirm asymmetries to develop and leverage social capital with large MNCs. Our synthesis of the academic literature suggests that some new ventures are more adept than others at partnering with MNCs because they are more proactive in forming and leveraging interfirm ties with large MNCs. Insightful observations of four panellists shed light on how startups’ proactive behaviours can be vitally important in forming, consolidating and extending relationships with large MNCs.

  18. North American Joint Ventures 2014 revision

    Data.gov (United States)

    US Fish and Wildlife Service, Department of the Interior — A joint venture is a self-directed partnership of agencies, organizations, corporations, tribes, or individuals that has formally accepted the responsibility of...

  19. Migratory Bird Joint Ventures of New Mexico

    Data.gov (United States)

    Earth Data Analysis Center, University of New Mexico — A joint venture is a self-directed partnership of agencies, organizations, corporations, tribes, or individuals that has formally accepted the responsibility of...

  20. INVESTMENT IN SUBSIDIARIES, JOINT VENTURES AND ASSOCIATES

    National Research Council Canada - National Science Library

    Mareli Dippenaar; Danielle van Wyk

    2015-01-01

    ...) 27, Separate Financial Statements (IAS 27), in August 2014. The amendments give entities the option to use the equity method to account for investments in subsidiaries, joint ventures and associates in their separate financial statements...

  1. The Staging of Venture Equity Capital and Venture Capitalist Bargaining Power

    OpenAIRE

    Booth, G. Geoffrey; Dalgic, Orkunt; Young, Allan

    2004-01-01

    In this paper we look at the effects of bargaining power on the types of entrepreneurial projects chosen by venture capitalists and show that a wealth-constrained venture capitalist prefers to provide equity financing to a two-stage rather than to a similar single-stage project. While the venture capitalist does not have bargaining power over the entrepreneur of a single-stage project and is thus unable to extract any surplus, the venture capitalist does have this advantage in a two-stage pro...

  2. Piecing the Puzzle: A Framework for Developing Intercultural Online Communication Projects in Business Education

    Science.gov (United States)

    Crossman, Joanna; Bordia, Sarbari

    2012-01-01

    Purpose: The purpose of this paper is to present a framework based on lessons learnt from a recently completed project aimed at developing intercultural online communication competencies in business students. Design/methodology/approach: The project entailed collaboration between students and staff in business communication courses from an…

  3. Metaphors of Nature and Development: Reflection on Critical Course of Sustainable Business

    Science.gov (United States)

    Kopnina, Helen

    2016-01-01

    This article examines the role of metaphors of nature, sustainable development, and neoliberalism in business education. The research underpinning this article focused on a shift in the language business students used in response to a critical course on the neoliberal economic model. Results of the examination of metaphors before and after this…

  4. International Business Mentoring for Development: The Importance of Local Context and Culture

    Science.gov (United States)

    Purcell, Gisela; Scheyvens, Regina

    2015-01-01

    This research investigates the value of donor-funded, cross-cultural business mentoring in a development context. Following a review of the existing literature on cross-cultural mentoring, it examines the effectiveness of the Pacific Business Mentoring Programme in Samoa through interviews with 23 entrepreneurs and a survey of the New Zealand…

  5. Investigating the Challenges of Developing Business Education Student Teachers: Perspectives from University Supervisors

    Science.gov (United States)

    Fletcher, Edward C., Jr.

    2013-01-01

    Student teaching is considered to be the most critical event and capstone experience of teacher preparation programs. However, within the discipline of business education, very few studies have investigated the challenges and issues of developing future business teachers within the student teaching internship. This study examined the perspectives…

  6. The Business School in Transition: New Opportunities in Management Development, Knowledge Transfer and Knowledge Creation

    Science.gov (United States)

    Harrington, Denis; Kearney, Arthur

    2011-01-01

    Purpose: This paper aims to consider the extent to which business school transition has created new opportunities in management development, knowledge transfer and knowledge creation. Design/methodology/approach: The paper is a critical review of knowledge exchange in a business school context with a particular focus on the "translation or…

  7. A Case Analysis of Business English Teacher Development in China with GDUFS as an Example

    Science.gov (United States)

    Wenzhong, Zhu; Jingzi, Deng

    2015-01-01

    Business English education has evolved into a cross-disciplinary programme in China as one of the hottest majors pursued by students and professionals. As Business English teaching develops in terms of diversity, richness, and depth, the demands placed on the teacher are also increasing. The paper assumes that the kind of teachers with…

  8. Global Business Literacy in the Classroom: Developing and Applying an Assessment Framework

    Science.gov (United States)

    Arevalo, Jorge A.; McCrea, Elizabeth; Yin, Jason Z.

    2012-01-01

    This study develops and applies a framework to evaluate undergraduate Global Business Literacy (GBL) learning outcomes, which is defined here as the ability to adapt and function in the global business context and to be knowledgeable about its core issues and trends. As a first step in a multi-stage research process, we used extant expatriate and…

  9. Unsettling Assumptions and Boundaries: Strategies for Developing a Critical Perspective about Business and Management Communication

    Science.gov (United States)

    Cockburn-Wootten, Cheryl; Cockburn, Tom

    2011-01-01

    This article describes how a collaborative class strategy and an introductory activity were used to develop students' thinking about business and management communication. The article focuses on teachers who want to integrate critical perspectives about business communication into their classes. A course ethos, learning groups, and an introductory…

  10. Developing Business Writing Skills and Reducing Writing Anxiety of EFL Learners through Wikis

    Science.gov (United States)

    Kassem, Mohamed Ali Mohamed

    2017-01-01

    The present study aimed at investigating the effect of using wikis on developing business writing skills and reducing writing anxiety of Business Administration students at Prince Sattam bin Abdul Aziz University, KSA. Sixty students, who were randomly chosen and divided into two equivalent groups: control and experimental, participated in the…

  11. Regional Educational Strategies-Methods to Promote Human Resource Development in Small Businesses

    Science.gov (United States)

    Knapp, Kornelius; Zschunke, Melanie

    2009-01-01

    Over the next few decades, demographic change will cause significant changes in the working population. how businesses prepare for these changes will have a decisive impact on whether this transformation has a beneficial or detrimental effect on the economy. Small and medium-sized businesses do not possess the resources required to develop and…

  12. Study of Motives of Chinese Business English Development Based on the Theory of Human Capital

    Science.gov (United States)

    Meichang, Ouyang; Wenzhong, Zhu; Dan, Liu

    2017-01-01

    Business English in China has evolved into a cross-disciplinary program from ESP, with more than 1000 universities having set the program of business English in bachelor, master or doctor degree levels. In general, it has undergone a rapid development and enjoyed a more and more social recognition. This paper tries to uncover the underlying…

  13. An evaluation of inter-organisational information systems development on business partnership relations

    Directory of Open Access Journals (Sweden)

    Williamson, E.A.

    2007-01-01

    Full Text Available Inter-organisational information systems (IOS are being used within SCM to improve businesses processes and to facilitate closer working relations with business partners. However, the technologies themselves impact on this relationship as they allow various levels of information flows, communications, function integration and partner integration.The aim of this paper is to evaluate IOS development influencing partnership integration within Supply Chain Management (SCM by investigating thirteen businesses that use a variety of IOS. IOS are classified into Elementary IOS, Intermediate IOS and Advanced IOS. Organisational variables such as information flows, partner co-ordination and integration, partner trust and confidence are measured against the level of IOS development. Variables such as management commitment, financial costs, system standards and partner resistance are investigated as forces or barriers, and related to different levels of IOS development.This research concludes that IOS development results in increased information flows and coordination which supports the development of trust and confidence in business partners. However, the customer position in the supply chain, whether it be retailer, distributor or manufacturer can influence the use of IOS of its business partners. Also, although IOS allows businesses to source and contact a larger range of business partners, the tendency is for businesses to use a smaller number of partners. This work also shows that IOS development changes a business’s relationship with its partners and moves it towards partnership integration.However, a number of organisational factors impact on this integration. These factors vary with the level of IOS development. Management commitment and showing the requirement for IOS development can act as a positive force in developing IOS or as a barrier against IOS development. Other barriers include resistance from business partners, financial costs, lack of

  14. Instant Internationalization of Emerging Economy New Ventures

    DEFF Research Database (Denmark)

    Turcan, Romeo V.

    2012-01-01

    Being positioned and the intersection of international entrepreneurship and institutional theory, this study explores the process of instant internationalization of new ventures from emerging economies. It adopts a single-case study methodology, purposefully selecting an information-rich case where...... context of an emerging industry. Yet another set of contributions concerns the legitimation process of internationalization of a new venture from an emerging economy. A number of propositions are put forward to guide future research....

  15. The decline of venture capital investment in early-stage life sciences poses a challenge to continued innovation.

    Science.gov (United States)

    Fleming, Jonathan J

    2015-02-01

    A key element required for translating new knowledge into effective therapies is early-stage venture capital that finances the work needed to identify a lead molecule or medical device prototype and to develop it to the proof-of-concept stage. This early investment is distinguished by great uncertainty over whether the molecule or prototype is safe and effective, the stability of the regulatory standards to which clinical trials are designed, and the likelihood that large follow-on investments for commercial development can be secured. Regulatory and reimbursement policies have a profound impact on the amount of capital and the types of life science projects that investors pursue. In this article I analyze several recent trends in early-stage venture capital funding, describe how these trends are influenced by regulatory and reimbursement policies, and discuss the role of policy makers in bringing new treatments to market. Policy makers can foster renewed private investment into critically needed early-stage products by increasing Small Business Innovation Research (SBIR) funding and public support for clinical trials in targeted areas of interest; creating regulatory pathways to enable early testing of experimental compounds in limited populations; and offering economic incentives for investors and developers in designated therapeutic areas. Project HOPE—The People-to-People Health Foundation, Inc.

  16. The Entrepreneur's Choice: Venture Capital Debt Financing with Adverse Selection

    OpenAIRE

    Booth, G. Geoffrey; Dalgic, Orkunt; Young, Allan

    2004-01-01

    This paper studies the consequences of using a debt contract to raise venture capital for an entrepreneurial project in an adverse selection setting with different quality venture capitalists. The paper considers not only the likelihood of success of a one-time project being dependent on the quality of the venture capitalist, but also the problem of a reduced ownership value of future rents from the venture if the venture capitalist takes it over as the result of default of the entrepreneur. ...

  17. Impact of family businesses in the development of the national economy in the Republic of Macedonia

    Directory of Open Access Journals (Sweden)

    MSc. Goce Markoski

    2012-12-01

    The purpose of this paper is to emphasize the importance of family-run business and to recognize its significance in the new social, political background and economic system of our country. By developing strategies for family-run business, the country should boost confidence of young people regarding the possibilities these kinds of business offers in accomplishing individual ambitions. To be able to successfully the challenges of the environment, Family businesses have to adapt to new market conditions. Following the market supply and demand and appropriately responding to the same family businesses contribute to strengthen their market position. Also spur innovation, contributes to this kind of businesses to successfully cope with market competition. Development documents in all these years of independence of the Republic of Macedonia contain provisions for strengthening the small business sector by providing financial support to the operations of the companies, especially new and young enterprises. But despite the fact that several projects were opened several institutions and provide some funds for financing, there remains the conclusion that helping and strengthening the development of family businesses should be treated as a permanent process in the interest of faster employment, using creative potential employees, laid-off workers, young and educated people. Commitment to helping the development of family business is a constant and long-term process, which should be a permanent task and goal of macroeconomic policy. The absence of a quick and relatively easy access to capital, information and new technology, requiring long-lasting process in the policy of encouraging the development of family businesses.

  18. Dynamic managerial capability of technology-based international new ventures

    DEFF Research Database (Denmark)

    Altshuler, Liliya

    2014-01-01

    The article focuses on long-term development of technology-based international new ventures (INVs) and discusses aspects of managing such ventures once they are past the initial success and rapid internationalization and enter the stable development phase. The study builds on an in-depth process...... case study of a technology-based INV conducted over the period of 3.5 years, starting 8 years into the firm’s history. This unique design has enabled close observation of the specific events and challenges the firm has been facing after its initial success, and of the aspects in the firm’s management...... of the dynamic managerial capability of technology-based INVs are conceptualized and summarized into a set of propositions and a model....

  19. GROWTH AND VENTURE CAPITAL INVESTMENT IN TECHNOLOGY-BASED SMALL FIRMS THE CASE OF HUNGARY

    Directory of Open Access Journals (Sweden)

    Becsky Nagy Patricia

    2014-07-01

    Full Text Available Venture capital backed enterprises represent a low proportion of companies, even of innovative ones. The research question was, whether these companies have an important role in innovation and economic growth in Hungary compared to other countries. In the first part of the article I present the theoretical background of technology-based small firms, highlighting the most important models and theories of the economic impact and the special development of innovative technology-oriented small firms. In the second part of the article I present the status of the most important indicators of innovation in connection with entrepreneurship, than I elaborate on the measures of start-ups, mainly the high-tech ones with high-growth potential. I describe the current position of venture capital industry, detailing the venture capital investments, with particular emphasis on classical venture capital investments that points out the number and the amount of venture capital investments financing early stage firms with high-growth potential. At the end I summarize the status of Hungarian technology-based small firms and their possibilities to get financial sources form venture capital investors, with regards to the status and the prospects of the JEREMIE program. In Hungary the number of internationally competitive firms, ready and willing to obtain venture capital, is much lower than in the US or Western European countries. Hungary could take advantage of its competitive edges in some special fields of innovation. The efficiency of information flow would reduce the information gap between the demand and the supply side of the venture capital market and more Hungarian firms could be internationally successful through venture capital financing. The recent years’ policy and special programs like JEREMIE generated more transactions, that helped to inform the entrepreneurs about venture capital and helped to co-invest public resources with private equity more

  20. DEVELOPMENT OF BUSINESS SKILLS MODULE FOR HUMAN CAPITAL MANAGEMENT

    Directory of Open Access Journals (Sweden)

    Moré, Dailien

    2015-12-01

    Full Text Available Today firms advocate buy a business improvement depends on proper reach staff selection considering the level of commitment, work attitude, skills and competencies of each person in the performance of the functions of the various fees and jobs. This research proposes a module occupational competency (CL that would strengthen the Human Capital Management (GCH. The proposal may encourage national institutions and increase their productivity sustained employment success for the country. For the realization of the solution was carried out the study of business processes and methods of multicriterial decision-making. Following the completion of the design, the solution was implemented and the identified components were integrated, the results of the data obtained showed the feasibility of the contribution to the solution of the problem.

  1. Sustainable Development of Slow Fashion Businesses: Customer Value Approach

    Directory of Open Access Journals (Sweden)

    Sojin Jung

    2016-06-01

    Full Text Available As an alternative to the prevalent fast fashion model, slow fashion has emerged as a way of enhancing sustainability in the fashion industry, yet how slow fashion can enhance profitability is still largely unknown. Based on a customer value creation framework, this study empirically tested a structural model that specified the slow fashion attributes that contribute to creating perceived customer value, which subsequently increases a consumer’s intention to buy and pay a price premium for slow fashion products. An analysis of 221 U.S. consumer data revealed that delivering exclusive product value is significantly critical in creating customer value for slow fashion, and customer value, in turn, positively affects consumers’ purchase intentions. Further analysis also revealed that different slow fashion attributes distinctively affect customer value. This provides potential strategies on which slow fashion businesses can focus to secure an economically sustainable business model, thereby continuously improving environmental and social sustainability with the slow fashion ideal.

  2. Innovative Development Path as a Form of Business Enterprises’ Activity Boost

    Directory of Open Access Journals (Sweden)

    Mihail N. Dudin

    2014-05-01

    Full Text Available The innovative development problems solution demands activation of the strategic management of small and medium business enterprises’ continuity, based on the use of a number of intensifying factors, in which innovations is the most important one. In this context innovations can act both as a means of support of strategic continuity and competitiveness of small and medium business enterprises and as a driver of national social and economic development. The research is topical due to the fact that the development and implementation of the development model can have positive effect on the development of a single enterprise and the national economy as a whole. This article reflects economically and socially important problems of major and economic activity boost of the domestic business enterprises. The article justifies the fact that the implementation of the innovative development model is important and prospect trend of major activity of business enterprises’ boost.

  3. A Cooperative Unsupervised Architecture to Develop a Business Management Model.

    OpenAIRE

    Corchado Rodríguez, Emilio; Herrero Cosio, Álvaro; Baruque, Bruno; R., Redondo; Sáiz Bárcena, Lourdes; Fyfe Colin

    2004-01-01

    his paper describes ongoing multidisciplinary research which aims to analyse an to apply neural networks architectures to the emerging field of Knowledge Management. In this case, we illustrate the particular use of a novel connectionist architecture, characterised for its ability to capture some type of topological ordering. It has been used to build a part of a Global and Integral Model of Business Management, which provides a global improvement in the firm, in terms of flexibility, value a...

  4. Postwar Developments in Business Cycle Theory: A Moderately Classical Perspective.

    OpenAIRE

    McCallum, Bennett T

    1988-01-01

    For issues regarding business cycles, the Phillips curve or aggregate supply portion of a macroeconomic model's specification is crucial. Unfortunately, the relevant dynamic behavior is poorly understood: flexible-price models appear inconsistent with the data, while existing sticky-price models are unlikely to be policy invariant. Nevertheless, current knowledge is adequate to design a rule for monetary policy that would, if maintained, result in near-zero inflation and output fluctuations t...

  5. Developing a Business Plan for Critical Care Pharmacy Services

    OpenAIRE

    Erstad, Brian L; Mann, Henry J.; Weber, Robert J.

    2016-01-01

    Critical care medicine has grown from a small group of physicians participating in patient care rounds in surgical and medical intensive care units (ICUs) to a highly technical, interdisciplinary team. Pharmacy's growth in the area of critical care is as exponential. Today's ICU requires a comprehensive pharmaceutical service that includes both operational and clinical services to meet patient medication needs. This article provides the elements for a business plan to justify critical care ph...

  6. FEATURES OF SMALL BUSINESS DEVELOPMENT IN THE CIS COUNTRIES: DOES INSTITUTIONAL ENVIRONMENT AFFECT

    Directory of Open Access Journals (Sweden)

    Nataliia Viktorovna Ostapenko

    2014-07-01

    Full Text Available The article analyzes the development of small businesses at the national level through a comparative analysis between the former Soviet countries – Ukraine, Russia, Belarus, Kazakhstan, Uzbekistan, and Kyrgyzstan. These countries are comparable by the previous path dependence (the period of the USSR, communism, by the position of the geographical location, as well as by similarity of cultural development. As can be seen from the analysis, which was conducted in article, the quantitative characteristics of small business development in the above countries are similar, based on the dependence on foreign markets and conditions in national economies. However, qualitative indicators of small business development in these countries are different. These differences can be attributed to the activities of the institutional environment (formal and informal institutions and its impact on the national economy. Conclusions about the effectiveness of quality of development of small business sector through the analysis of its contribution to the national economy are done.

  7. Effectiveness of Loan Guarantees versus Tax Incentives for Space Launch Ventures

    Science.gov (United States)

    Scottoline, S.; Coleman, R.

    1999-01-01

    Over the course of the past few years, several new and innovative fully or partiailly reusable launch vehicle designs have been initiated with the objective of reducing the cost of space transportation. These new designs are in various stages hardware development for technology and system demonstrators. The larger vehicles include the Lockheed Martin X-33 technology demonstrator for VentureStar and the Space Access launcher. The smaller launcher ventures include Kelly Space and Technology and Rotary Rocket Company. A common denominator between the new large and small commercial launch systems is the ability to obtain project financing and at an affordable cost. Both are having or will have great difficulty in obtaining financing in the capital markets because of the dollar amounts and the risk involved. The large established companies are pursuing multi-billion dollar developments which are a major challenge to finance because of the size and risk of the projects. The smaller start-up companies require less capital for their smaller systems, however, their lack of corporate financial muscle and launch vehicle track record results in a major challenge to obtain financing also because of high risk. On Wall Street, new launch system financing is a question of market, technical, organizational, legal/regulatory and financial risk. The current limit of acceptable financial risk for Space businesses on Wall Street are the telecommunications and broadcast satellite projects, of which many in number are projected for the future. Tbc recent problems with Iridium market and financial performance are casting a long shadow over new satellite project financing, making it increasingly difficult for the new satellite projects to obtain needed financing.

  8. The Development of Human Capital in Young Entrepreneurs

    Science.gov (United States)

    Hickie, James

    2011-01-01

    This paper provides insights into the human capital development of a group of young entrepreneurs, all of whom have built growth businesses with turnovers of between 1M British Pounds and 90M British Pounds. Their development of knowledge and skills was investigated before and during the creation of their first main ventures. This is significant…

  9. Learning from Success & Failure: International Joint Ventures in Emerging Markets

    DEFF Research Database (Denmark)

    Nielsen, Ulrik B.

    The purpose of the Ph.D. dissertation is to examine how do joint learning influence management of international joint ventures in emerging markets? Entering and developing presence in emerging markets often require foreign firms to set up International Joint Ventures (IJVs) with local partners...... their expectations. Inter-partner learning has been proposed in the literature as a major cause of IJV instability. However, current research indicates that when IJV partners engage in joint learning to create new IJV-specific knowledge that benefits both partners it stabilizes and sustains the IJV. Yet, joint...... learning in IJVs have rarely been examined in the context of IJVs in emerging markets. This paucity of studies concerning joint learning and knowledge creation in IJVs have been noted at a critical research gap in the literature....

  10. Development of State and Small-Business Partnership in a Region’s Innovation Sector

    Directory of Open Access Journals (Sweden)

    Guseva Mariya Sergeevna

    2017-01-01

    Full Text Available The strategic goals of innovation development of the Russian Federation and problems of development of small and medium businesses require the study of the mechanisms of successful cooperation between the state and small businesses, including public-private partnership (PPP. The article considers promising mechanisms for innovative development of the Russian economy in the framework of PPP, with the participation of small businesses. The hypothesis is presented by the thesis that small business has a high innovation potential and exceptional opportunities for its implementation in PPP projects. This thesis is confirmed by the analysis and synthesis of a number of scientific theories. The purpose of the study is to clarify the nature and areas of partnership between the state and small business in innovation and development of proposals to improve their cooperation according to the PPP principles. The methodological basis of the study includes the systematic approach, methods of structural, concept, functional and statistical analysis, the method of expert evaluations. The paper discloses the essence of public-private partnership as a mechanism for attracting private capital to investment processes on mutually beneficial terms for solving socially important issues; identifies the tools and forms of PPP used for economic innovative development. The key mechanisms of economic innovative development based on the principles of public-private partnership, include: program government investments; creation and maintenance of development institutions; formation and development of innovative territorial clusters; building and development of an innovative high-tech business development infrastructure. Using the experience of the Samara Oblast and the aerospace cluster the authors review the mechanisms for the implementation of PPP in innovation sector and the model for involving small businesses in investment projects. They also define organizational and

  11. STRATEGY FOR BUSINESS PORTFOLIO DEVELOPMENT OF PT SEKAR LAUT, TBK.

    Directory of Open Access Journals (Sweden)

    Homisah Homisah

    2016-01-01

    Full Text Available PT Sekar Laut, Tbk. (PTSL, as a local company, has three main business units including snack crackers, cooking spices and private label.  Due to the potentials of Indonesia, it is expected that PTSL can upscale its competitive advantage and has an ability to compete with global companies as well.  The objectives of this research were 1 analyzing relative positioning of PTSL compared with market leaders in snack and cooking spices industries, 2 analyzing Life Cycle phase per business unit, 3 analyzing positioning of each product category in portfolio matrix, 4 formulating strategic recommendations to  the management for each product category of PTSL.  The method used in this study was descriptive analysis. The analysis tools used in this study were BCG matrix, Life Cycle model, IFE, IFI and GE matrix. The results showed that relative positioning of crackers and cooking spices business units in BCG matrix is in Question Marks quadrant.  The results of Life Cycle model for snack crackers, cooking spices, and private label showed that they are in Growth phase.  The result of portfolio analysis by GE matrix showed that shrimp cracker and fish cracker product categories are in Selective Growth quadrant. Vegetables cracker, cooking spices, uleg chili sauce, burger buns are in Investment and Growth quadrant. The strategic recommendation for shrimp and fish crackers is to identify the growth segment, aggressive investment and uphold position.  The strategic recommendations for vegetable cracker, cooking spices, uleg chili sauce, and burger buns are growth, seeking for dominance and maximum investment.Keywords: portfolio analyzing, crackers, cooking spices, uleg chili sauce, burger buns

  12. Three Mass. Firms Awarded EPA Research Grants to Develop Environmental Technologies by Small Businesses

    Science.gov (United States)

    Three small businesses in Massachusetts are among 15 firms nationwide selected by the U.S. Environmental Protection Agency to share $1.6 million in funding that is helping to develop technologies that provide sustainable solutions for environmental issues.

  13. A Danish-Vietnamese Partnership for Business and Technology Development in Solid Waste Management

    DEFF Research Database (Denmark)

    Christensen, David; Bach, Leu Tho

    2015-01-01

    of these partnerships. The partnership's business concept deals with the proposed introduction of improved, Danish solid waste separation and treatment technology at a plant in a suburb of Hanoi. The technology enables the production of derived products, such as organic fertilizer, and is suitable for biogas......In business and socio-technical literature, partnerships are highlighted as an important tool for developing sustainable solutions to environmental challenges, such as the waste management systems of developing countries. In order to investigate the formation of North–South partnerships...... in this respect, the business development process of a Danish–Vietnamese partnership in the waste sector is analyzed in this paper. From a participant's perspective, a business development process is narrated, showing how innovation management in partnerships evolves: through socially and culturally influenced...

  14. 76 FR 67416 - Executive-led Business Development Mission to Kabul, Afghanistan, September 2011 (Dates Are...

    Science.gov (United States)

    2011-11-01

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF COMMERCE International Trade Administration Executive-led Business Development Mission to Kabul, Afghanistan, September... mission will be led by a Senior Commerce Department official. Targeted sectors include: construction...

  15. Two New England Small Businesses Awarded EPA Funding to Develop Environmental Technologies

    Science.gov (United States)

    Two New England small businesses - one in Connecticut and the other in Massachusetts - were among eight companies nationwide awarded contracts by the U.S. EPA to develop innovative technologies to protect the environment.

  16. Investment in Sustainable Development: A UK Perspective on the Business and Academic Challenges

    Directory of Open Access Journals (Sweden)

    David Middleton

    2009-11-01

    Full Text Available There are many legislative, stakeholder and supply chain pressures on business to be more ‘sustainable’. Universities have recognised the need for graduate knowledge and understanding of sustainable development issues. Many businesses and universities have responded and introduced Sustainable Development models into their operations with much of the current effort directed at climate change. However, as the current worldwide financial crisis slowly improves, the expectations upon how businesses operate and behave are changing. It will require improved transparency and relationships with all stakeholders, which is the essence of sustainable development. The challenges and opportunities for both business and universities are to understand the requirements of sustainable development and the transformation that is required. They should ensure that knowledge is embedded within the culture of the organisation and wider society in order to achieve a sustainable future.

  17. Legal aspects of business development and innovation in Poland

    Directory of Open Access Journals (Sweden)

    Dariusz Grzegorz Żak

    2013-06-01

    Full Text Available At the beginning of this article the basic concepts related to the topic issues are presented. The article focuses on the rationale and ideas of creating entrepreneurship and innovation. On the one hand the work’s aim is to show the basic legal instruments which allow to conduct business in Poland, and to demonstrate the role of state bodies in the promotion of entrepreneurship. However, on the other hand the aim of this work is to show the legal instruments connected with competition and encourage entrepreneurs’ innovativeness, taking into account the current needs and trends occurring on the market.

  18. NEW VENTURE CREATION: HOW START-UPS GROW?

    Directory of Open Access Journals (Sweden)

    AIDIN SALAMZADEH

    Full Text Available ABSTRACT Start-ups, often seen as sources of innovation and change, are prone to failure and accordingly they are attracting considerable attention not least from policy makers and Government officials. However, the various new venture creation studies that have emerged since the early 1980s lack cohesiveness, and the domain remains controversial. This article not only exposes the limitations of the existing body of understanding on the topic but attempts to develop a more comprehensive and comprehendible framework for start up (new venture creation. To do so it uses the frameworks proposed by Whetten, and March and Smith to develop 11 propositions. The resultant model suggests that the creation of a start up involves the identification of an idea or opportunity by an entrepreneur who subsequently organizes a series of activities, mobilizes resources and creates competence using his/her networks in an environment in order to create value. It sheds light on the start-up (new venture creation process and has relevance for entrepreneurs, policy makers and researchers.

  19. An analysis of the impact of venture capital investment on economic growth and innovation: Evidence from the USA and Russia

    Directory of Open Access Journals (Sweden)

    Kolmakov Vladimir Vladimirovich

    2015-01-01

    Full Text Available We hear a lot of political declarations stating the importance of developing an innovation economy by fostering venture capital inflows. But it is obvious that the venture capital market makes an extremely low contribution in terms of total R&D spending or gross investment. Thus, theory says venture capital investment (VCI is important due to its huge impact on modernization, but practitioners note that there is no evidence and VCI constitutes about 1% of total investments. Formal logic foregrounds the thesis that the effect of venture investment is important and significant, but delayed. We contribute to the theory and discussion of the problem of choosing between venture and non-venture funding by determining a specific niche for venture capital investment. We derive lagged regression models for GDP and patent applications for the US and Russia, to test VCI’s impact on economic growth and innovation. Comparison of model estimates shows significant VCI influence on GDP at a 4-6- year lag and no synchronous influence, valid for both the US and Russia. We prove the main hypothesis of our research: the effect of venture investment on economic and innovation development parameters is significant and much greater than that of ‘conventional’ investment.

  20. Developing business tourism beyond major urban centres: the perspectives of local stakeholders

    OpenAIRE

    Marques, Jorge,; Santos, Norberto

    2016-01-01

    Purpose – The purpose of this paper is to identify development strategies for Business Tourism in territories where this segment is not always given due consideration, especially at the level of local and regional development policies. Design – The paper discusses the concepts of Business Tourism and analyses the characteristics of a delimited territory in the Central Region of Portugal that encompasses the cities of Coimbra, Aveiro and Viseu, located between the main Portuguese cities, Li...

  1. Business investment in research and development (R-D: business strategy for the 21st century in Puerto Rico?

    Directory of Open Access Journals (Sweden)

    Manuel Lobato Vico

    2013-10-01

    Full Text Available Two thirds (67% of total investment in Research and Development (R-D activities in Puerto Rico is made by the business sector. This paper analyzes the data from the Pilot Survey on Research and Development and finds that a group of startups or new enterprises focused on R-D activities has been developed, but the total amount of R-D investment is not enough to consider this as a generalized strategy or one of deep impact on the economy. Corporate investment in R-D in Puerto Rico is strongly associated with subsidiaries of multinational corporations from the United States, as well as with specific industrial subsectors, in particular with the chemical industry (pharmaceutical and the subsector of research and development services.

  2. Research and development as a competence creating business in a business

    NARCIS (Netherlands)

    Fisscher, O.A.M.; Visscher, Klaasjan; Pearson, Alan; Weisenfeld, Ursula

    2001-01-01

    Research and development departments in industrial firms may not take it for granted anymore that they are the only preferred supplier of research and development to the company of which they are a part. The growing need to be innovative and the increasing availability of innovative competencies on

  3. NEW REGULATION OF PRIVATE EQUITY AND VENTURE CAPITAL FUNDS AND OPEN QUESTIONS

    Directory of Open Access Journals (Sweden)

    Suzana Audić Vuletić

    2017-01-01

    Full Text Available This article provides an analysis of the new regulation of private equity and venture capital funds which are in Croatian law regulated by Alternative Investment Funds Act and ordinances. These funds can offer their units only via private offering to primarily professional, i.e. qualifying investors. They invest mostly in shares and units of companies, including both companies in early (start-ups and in later stage of business. For the companies in which they invest, these funds are very signifi cant as they can provide capital for even small entrepreneurs which could not obtain fi nancing from traditional sources (e. g. banks. This article analyzes investment transactions between private equity (further in text: PE and venture capital (further in text: VC funds and the company in which they invest (portfolio company. PE and VC funds represent a new segment in the Croatian capital market which is still developing and whose potential is yet to be fully recognized. PE and VC funds are not regulated on the EU level. However, managers of AIFs, including PE and VC funds are under certain conditions. Authors shall analyze these legal sources, both on the EU and on the domestic level, with emphasis on the regulation of managers of AIFs when they acquire controlling stake in non-listed companies and issuers, which is of special interest to PE and VC funds due to their investment techniques. In that light, authors question if there is a mechanism which ensures that PE and VC funds act as a socially responsible shareholders/unitholders in portfolio companies (public accountability of the managers of AIFs. If so, authors argue the existence of possible confl ict of interest, as it is not clear in whose interest should managers of PE and VC funds act: in the interest of their investors or in the interest of the portfolio company.

  4. International New Venture Legitimation: An Exploratory Study

    Directory of Open Access Journals (Sweden)

    Romeo V. Turcan

    2013-11-01

    Full Text Available There is limited theoretical understanding and empirical evidence for how international new ventures legitimate. Drawing from legitimation theory, this study fills in this gap by exploring how international new ventures legitimate and strive for survival in the face of critical events during the process of their emergence. It is a longitudinal, multiple-case study research that employs critical incident technique for data collection, analysis, and interpretation. Following theory driven sampling, five international new ventures were selected that were operating in the software sector in the UK, and had internationalized and struggled for survival during the dotcom era. Grounded in data, this study corroborates a number of legitimation strategies yielded by prior research and refutes others. It further contributes to our understanding of international new venture legitimation by suggesting new types of legitimation strategies: technology, operating, and anchoring. Studying international new ventures through theoretical lenses of legitimation is a promising area of research that would contribute to the advancement of international entrepreneurship theory.

  5. Leveraging Venture Capital and Commercial Business: Enhancing Stability Operations

    Science.gov (United States)

    2011-03-24

    regional and global influence, ―American officers in control of Havana , Manila, and other cities occupied by the Army engaged in efforts to promote public...River of Gold ‖ was a convincing argument; the Coalition‘s plan was subsequently approved in 2006. Figure 4. Iraq‘s River of Gold 24 Phase III

  6. DEVELOPING A RESTAURANT BUSINESS PLAN : Opening a Thali Restaurant in Helsinki

    OpenAIRE

    Rahman , Tayabur; Bista , Meelan

    2016-01-01

    The aim of the thesis was to develop a restaurant plan. The name of this restaurant would be Thali which would be based in Helsinki. Thali restaurant would focus on the Asian food business in a Metropolitan area. The main purpose of this project was to determine whether this business plan would be viable and able to function as normal restaurant. This restaurant business plan used different features that were evaluated by comparing them to other restaurants. The author’s (Meelan Bista and Tay...

  7. Why Business Modeling is Crucial in the Development of eHealth Technologies

    Science.gov (United States)

    van Gemert-Pijnen, Julia EWC; Nijland, Nicol; Ossebaard, Hans C; Hendrix, Ron MG; Seydel, Erwin R

    2011-01-01

    The impact and uptake of information and communication technologies that support health care are rather low. Current frameworks for eHealth development suffer from a lack of fitting infrastructures, inability to find funding, complications with scalability, and uncertainties regarding effectiveness and sustainability. These issues can be addressed by defining a better implementation strategy early in the development of eHealth technologies. A business model, and thus business modeling, help to determine such an implementation strategy by involving all important stakeholders in a value-driven dialogue on what the technology should accomplish. This idea also seems promising to eHealth, as it can contribute to the whole development of eHealth technology. We therefore suggest that business modeling can be used as an effective approach to supporting holistic development of eHealth technologies. The contribution of business modeling is elaborated in this paper through a literature review that covers the latest business model research, concepts from the latest eHealth and persuasive technology research, evaluation and insights from our prior eHealth research, as well as the review conducted in the first paper of this series. Business modeling focuses on generating a collaborative effort of value cocreation in which all stakeholders reflect on the value needs of the others. The resulting business model acts as the basis for implementation. The development of eHealth technology should focus more on the context by emphasizing what this technology should contribute in practice to the needs of all involved stakeholders. Incorporating the idea of business modeling helps to cocreate and formulate a set of critical success factors that will influence the sustainability and effectiveness of eHealth technology. PMID:22204896

  8. Why business modeling is crucial in the development of eHealth technologies.

    Science.gov (United States)

    van Limburg, Maarten; van Gemert-Pijnen, Julia E W C; Nijland, Nicol; Ossebaard, Hans C; Hendrix, Ron M G; Seydel, Erwin R

    2011-12-28

    The impact and uptake of information and communication technologies that support health care are rather low. Current frameworks for eHealth development suffer from a lack of fitting infrastructures, inability to find funding, complications with scalability, and uncertainties regarding effectiveness and sustainability. These issues can be addressed by defining a better implementation strategy early in the development of eHealth technologies. A business model, and thus business modeling, help to determine such an implementation strategy by involving all important stakeholders in a value-driven dialogue on what the technology should accomplish. This idea also seems promising to eHealth, as it can contribute to the whole development of eHealth technology. We therefore suggest that business modeling can be used as an effective approach to supporting holistic development of eHealth technologies. The contribution of business modeling is elaborated in this paper through a literature review that covers the latest business model research, concepts from the latest eHealth and persuasive technology research, evaluation and insights from our prior eHealth research, as well as the review conducted in the first paper of this series. Business modeling focuses on generating a collaborative effort of value cocreation in which all stakeholders reflect on the value needs of the others. The resulting business model acts as the basis for implementation. The development of eHealth technology should focus more on the context by emphasizing what this technology should contribute in practice to the needs of all involved stakeholders. Incorporating the idea of business modeling helps to cocreate and formulate a set of critical success factors that will influence the sustainability and effectiveness of eHealth technology.

  9. Interactive Business Development, Capturing Business Knowledge and Practice: A Case Study

    Science.gov (United States)

    McKelvie, Gregor; Dotsika, Fefie; Patrick, Keith

    2007-01-01

    Purpose: The purpose of this paper is to follow the planning and development of MapaWiki, a Knowledge Management System for Mapa, an independent research company that specialises in competitor benchmarking. Starting with the standard requirements to capture, store and share information and knowledge, a system was sought that would allow growth and…

  10. DEVELOPING "SEKOLAH PETERNAKAN RAKYAT" PROGRAM USING THE BUSINESS MODEL CANVAS APPROACH (CASE STUDY: BOJONEGORO REGENCY

    Directory of Open Access Journals (Sweden)

    Friesgina Wiska

    2016-05-01

    Full Text Available SPR Maju Bersama is one of the location where the concept of "Sekolah Peternakan Rakyat (SPR" is implemented, with the aim to encourage small-scale beef cattle breeder establish a professional collective enterprise under one management. SPR is designed to  change the mindset, knowledge and capability of the beef cattle breeder to become the best and self-reliant  entrepreneurs in the beef cattle business. In the effort to achieve its objective, the organization has not been able to carry out the model business effectively thus new strategies are needed to improve the business model. The objectives of this research are: 1 identify the present business model carried out by SPR Maju Bersama; 2 to carry out SWOT evaluation on each element of the business model; 3 formulate strategic to improve the business model that is formulated in an accurate programs. This research used the combination of business model canvas (BMC approach and SWOT matrix analysis. The results it is concluded that the SPR Maju Bersama need to improve the business model through alternatives strategies that have been developed include: 1 increase the number of farmer members; 2 apply the concept of "agrosilvopastura" to optimize the management of natural resources; 3 increase the intensity of assistance through e-learning; 4 improve the quality and intensity of the relationship between management and farmers; 5 develop curricula, programs and guide books as well as strengthen the system of membership; 6 expand the partnership by utilizing information technology and existing business partners; 7 establish training centers and services as a resource in the field of SPR and beef cattle; 8 utilizes a strong partnership to change the mindset of farmers; 9 increasing leadership skill and the ability to use communications technology in the management of SPR.Keywords: sekolah peternakan rakyat, Bojonegoro, BMC, matrix SWOT

  11. Organizational and economic aspects of development of small business in region

    Directory of Open Access Journals (Sweden)

    Vladimir Grigorjevich Klimov

    2012-12-01

    Full Text Available By the purpose of the given research was revealing the basic problems and prospects of development of small business in regions. The methodology of reception of results of the specified purpose consists in the generalized analysis of scientific and legislative sources in the field of economic and organizational problems of development of small business in regions of Russia. As a result of research is revealed, that unions, association, and other public associations of the small enterprises more and more actively work at regional levels. System of commercial and industrial chambers having in significant potential in thesphere of support of the fine businessmen in regions essentially has become stronger. Area of application of results of the given research can be used by the managers of small business and teachers of higher educational institutions in the sphere of preparation of the managers in economy and management. The results of research allow to make conclusions: The level of development of small business in regions, in comparison of the advanced foreign states, rather lags behind; the analysis of the normativecertificates in sphere of small business from a position of their influence on development of regions testifies, that the mechanism of state influence includes economic and organizational measures; the small business has the brightly expressed regional orientation.

  12. Development of the competitive business in the context of environmental legislation in Croatia.

    Science.gov (United States)

    Matesić, Mirjana; Kalambura, Sanja; Bacun, Dubravka

    2014-03-01

    Environmental protection has a key role in the context of crisis management. It is not just about development of the industry of environmental protection and implementation of new ways of management in innovative solutions in solving problems. Important area of improvement is also revision of environmental legislation aiming at simplification and reduction of costs of procedures for the business. This paper discusses problems of business sector in Croatia related to transposition of demanding environmental EU regulation, it suggests improvements such as simplification of special waste management systems, of environmental impact assessments processes, environmental permitting etc. The paper considers revision of environmental protection not by lowering environmental standards, but by introducing transparent and compromising models between business and environmental protection, based on sustainable development, with control mechanisms which don't impact functioning of business sector (and its competitiveness), therefore allowing successful protection of environment and its renewable and non-renewable resources.

  13. The Bias in Favor of Venture Capital Finance in U.S. Entrepreneurial Education: At the Expense of Trade Credit

    Science.gov (United States)

    Clement, Thomas; LeMire, Steven; Silvernagel, Craig

    2015-01-01

    The authors examine whether U.S. college-level entrepreneurship education demonstrates a bias favoring venture capital (VC) financing while marginalizing trade credit financing, and the resulting impact on entrepreneurship students. A sample of U.S. business textbooks and survey data from entrepreneurship students reveals a significant bias toward…

  14. Imagery of Ad-venture

    DEFF Research Database (Denmark)

    Clarke, Jean; Holt, Robin

    2017-01-01

    We examine how visual metaphor can reveal the tacit assumptions entrepreneurs use to make sense of their lives. While metaphor is often equated with linguistic metaphor, here we argue that metaphors created through the modality of drawing can offer a more nuanced insight into how entrepreneurs make...... sense of their entrepreneurial identity. From an analysis of images drawn by entrepreneurs and accompanying interviews, metaphors emerge that are much more complex, nuanced and messy than their linguistic equivalents. The images allow the entrepreneurs to isolate salient meanings about being in business...

  15. Effects of Business Model Development Projects on Organizational Culture: A Multiple Case Study of SMEs

    Directory of Open Access Journals (Sweden)

    Ulla Santti

    2017-08-01

    Full Text Available Previous research has shown that links between organizational culture and innovativeness/performance may act as a “social glue” that helps a company develop organizational culture as a competitive advantage. In this study of three case companies, the organizational culture change due business model development projects is studied using the Competing Values Framework (CVF tool and interviews with respondents about discovered changes. To reveal intervention and implied effects between business model development project and organizational culture changes, we used CIMO logic (context, intervention, mechanism, and outcome to bridge practice and theory by explanatory, backward-looking research. Our case studies of companies in relatively short-duration business model development projects indicate that organizational culture may have some dynamic characteristics, for example, an increase of the adhocracy organizational type in all case companies or an increase in the hierarchical leadership type in one case company. Thus, the development of an organizational culture type can be partly controlled. Our results also indicated business model development projects do have a minor effect on organizational culture, even when development activities have not been put fully into practice. However, the more comprehensively business model development project activities have been put into practice, the larger the effect on organizational culture.

  16. Carbon Finance – A Platform for Development of Sustainable Business in Kuwait

    Directory of Open Access Journals (Sweden)

    Ahmed Nahar AL-HUSSAINI

    2016-09-01

    Full Text Available Since 1880, the temperature of global has increased by 0.85 degree Celsius. Due to the increase in temperature, the impact of climate change is constantly increasing, which is known as global warming. The increase in temperature is due to emission of greenhouse gases. Carbon dioxide is a major greenhouse gas, which is capable of causing serious hazardous influence to the environment. Carbon emission reduction and low-carbon economy development have become global targets and national policy in both developing and developed countries. Carbon finance is a tool for reducing greenhouse gas (GHG emissions using a process called capture and storage (CCS. Using this process, the carbon dioxide is captured and stored for further usage as a renewable resource. Carbon finance has a high impact on the growth of sustainable business development. This research analyzes the various possibilities of developing sustainable business through carbon trading in Kuwait and the strategic options offered by both government, as well as private sectors for carbon trading in Kuwait. The central focus of research is to discover the role of carbon finance in developing sustainable business and environmental quality. Since no previous research is conducted on the specific role of carbon finance in developing a sustainable business preferably in Kuwait, the influence of carbon financing in sustainable business development and environmental quality are analyzed in this research.

  17. Development of the Competitive Business in the Context of Environmental Legislation in Croatia

    OpenAIRE

    Matešić, Mirjana; Kalambura, Sanja; Bačun, Dubravka

    2014-01-01

    Environmental protection has a key role in the context of crisis management. It is not just about development of the industry of environmental protection and implementation of new ways of management in innovative solutions in solving problems. Important area of improvement is also revision of environmental legislation aiming at simplification and reduction of costs of procedures for the business. This paper discusses problems of business sector in Croatia related to transposition of demanding...

  18. TWO PERSONALITIES, TWO SOLUTIONS FOR BUSINESS DEVELOPMENT IN ROMANIA: ROBERT KIYOSAKI OR JIM COLLINS?

    OpenAIRE

    Gheorghe NEGOESCU

    2010-01-01

    Romania, for that matter, all countries in the world can not overcome the financial crisis without business development. Robert Kiyosaki believes that financial education promoted since primary school may decisively contribute in better to the changing of business environment in a country. Jim Collins studied the activity of over 1400 U.S.A. companies during 1980-1998 and concluded that only 11 companies managed good results in financial terms because they have been able to practice a managem...

  19. Private equity and venture capitalists' investment criteria in the Czech Republic

    Directory of Open Access Journals (Sweden)

    Marek Zinecker

    2010-01-01

    Full Text Available For investment decision making to be rational, the existence of investment criteria is required. In the theory of financial management, the effectiveness of investment is traditionally judged by the degree to which an investment proposal contributes to achieving the main financial goal of business, i.e. market value maximization of the firm.So far, potential businesses for Private Equity and Venture Capital financing in the Czech Republic have not had information regarding investment criteria and their significance, when considered by investors, at their disposal, which is due to absence of relevant research results.This article presents results of the research project whose aim is to establish which criteria are considered to perform an essential role in the selection of business proposals by firms investing Private Equity and Venture Capital in the Czech Republic as well as the most common reasons for rejecting the proposals. Based on practical experience of financing by Private Equity and Venture Capital, the research made it possible to identify the most significant criteria, namely characterization of mana­gement, market, product and the rate of investment capital appreciation. The results of the research are consequently compared with findings which were published in similar studies undertaken in the past (e.g. Tyebjee, Bruno, 1984; Fried, Hisrich, 1994; MacMillan et al., 1985, 1987; Muzyka et al., 1996; Eisele, 2002.The research supports the thesis that, when considering business proposals, above-average weight is attached to criteria concerning the characterization of management, i.e. experience and competencies in all stages of business life cycle. Nevertheless, the fulfilment of the criteria is not sufficient for investors to evaluate a business proposal positively. They also place an emphasis on selected criteria related to market and product. By publishing empirical data, an important signal regarding up-to-date evaluative criteria

  20. Supply Chain Finance in China: Business Innovation and Theory Development

    Directory of Open Access Journals (Sweden)

    Xiaohong Liu

    2015-11-01

    Full Text Available Supply chain finance (SCF is concerned with the capital flows within a supply chain, an area often neglected in past decades, while SCF does have an impact on a firm’s capability to adopt sustainable supply chain management (SCM practices. The aim of this study is to explore new insight from a growing body of research which is investigating SCF issues in China, an evolving transition economy. A content analysis on a review of 151 Chinese-written SCF papers from 2004–2014, based on a sample of 45 leading Chinese journals (Chinese Social Science Citation Index, CSSCI was conducted from three perspectives: topical coverage, theoretical application and methodological inquiry. The study reveals that the research stream of SCF in China has emerged and evolved to a considerable extent. However, the SCF phenomenon in China is not exactly the same as “SCF” as it is perceived in the mature economy, which is articulated in mainstream SCM English literature. The Chinese business context in which SCF has been implemented has played a dominant role in initiating, affecting and even shaping SCF. This study represents the first endeavor in the field of SCM. It diffuses the Chinese-written SCF research in mainstream SCM English literature.

  1. Playful Business

    DEFF Research Database (Denmark)

    Lund, Morten; Hansen, Poul H. Kyvsgård; Nielsen, Louise Møller

    2011-01-01

    ” The term business model can be defined as a business concept that has been put into practice. The increase in dynamics in markets, technology, economies etc. challenge the requirements to make consistent and synchronized decisions on which business models to develop and implement. Complexity se...

  2. Joint-venture proposals strengthen hospital-physician relationship.

    Science.gov (United States)

    Rovinsky, M

    2000-12-01

    By proposing the joint-venture development of an ambulatory surgery center and medical office space with a group practice, one hospital succeeded in enhancing its relationship with the practice and paved the way for future collaboration. Although the hospital's proposal to jointly develop an ambulatory surgery center was not accepted, the hospital was able to dissuade the group practice from developing a competing ambulatory surgery facility while increasing the group's trust in and loyalty to the hospital. As a result, the hospital potentially will benefit from increased inpatient admissions.

  3. Region innovation and investment development: conceptual theoretical approach and business solutions

    Directory of Open Access Journals (Sweden)

    Zozulya D.M.

    2017-01-01

    Full Text Available The article describes essential problems of the region business innovation and investment development under current conditions, issues of crisis restrictions negotiation and innovation-driven economy formation. The relevance of the research is defined by the need of effective tools creation for business innovation and investment development and support, which can be applied, first, to increase efficiency of the region industrial activity, then improve production competitiveness on the innovative basis, overcome existing problems and provide sustainable innovation development in the region. The results of conducted research are represented in the article including region innovation and investment development concept model made up by the authors on the basis of system theoretical approach. The tools of the region innovation development defined in the concept model are briefly reviewed in the article. The most important of them include engineering marketing (marketing of scientific and technical innovations, strategic planning, benchmarking, place marketing and business process modeling.

  4. The development of Business Ethics in front of the progress of organizational neuroscience and neuroethics

    Directory of Open Access Journals (Sweden)

    Elsa González Esteban

    2017-02-01

    Full Text Available Organizational neuroscience and neuroethics are proving to have already made a number of advances in the discovery of both cognition and human behaviour. Those progresses invite us to rethink some of the classical assumptions on which have been developed applied ethics. This article focuses on the analysis about how the progresses of the neurosciences affect our understanding of business ethics and its future development, specially in its organizational level. In order to achieve this objective, the paper is structured in two steps. On the one hand, it considers whether such developments undermine or erode normative foundations of business ethics. On the other hand, it tries to discover the implications of such developments have for business ethics in its practical development.

  5. THE DEVELOPMENT OF SMALL-SCALE BUSINESS IN RUSSIA, TYPES OF FUNDING

    Directory of Open Access Journals (Sweden)

    Kirill O. Voronin

    2015-01-01

    Full Text Available In Russia small-scale business originated in the end of 1980s duringRestructuring. It has been developing as fast as Russian economics.Unlike large industrial companies, which just continued to run businessas they used to, small-scale businessmen had to start from scratch ordisaffiliate with large organizations. Basically, in 1990-s small-scale business as a financial institute was self-regulated due to its highcriminalization and nonpayment of tax.For a period of only 25 years small-scale business has improved muchand now provides well-being to the country. The improvement happeneddue to the following factors:- propitious economic and political climate of the country against thebackground of global economy and the years of restricting- important and useful measures for economic development were taken - important and useful measures for development of small-scale enterprises were takenThe development of this new financial institute is quite fast, but historyhas other examples of such phenomenon. In the 21st century RussianFederation adopted experience of advanced countries and imposed it onits historic experience. However, we can’t say that small-scale business is on its top of development in our country. Nowadays development of small-scale business is one of the priorities of the Russian government.

  6. Entrepreneurial behaviour and the development of entrepreneurial ecosystems under uncertainty: essays on regenerative medicine venturing at the university-industry boundary

    OpenAIRE

    Johnson, David

    2016-01-01

    Entrepreneurial ecosystems are an important economic consideration but remain an understudied phenomenon. In particular, research emphasising the role of the entrepreneur within entrepreneurial ecosystems is scant. Entrepreneurial universities, particularly the commercialisation activities by academic entrepreneurs, contribute to both the emergence and development of entrepreneurial ecosystems at the university-industry (U-I) boundary. Yet, an understanding of the links between...

  7. The Development Standard Agreement Influences on National and International Business Practices

    Directory of Open Access Journals (Sweden)

    Cindawati Cindawati

    2016-12-01

    Full Text Available The rapidly growing business traffic either nationally or internationally forces the business practices to establish a standard agreement to secure the products and to protect the buyer from any risks. The standard agreement successfully meets the demand of international trade which urgently need the high speed and the accuracy. The objective of this research is to find out how does the development of agreement affect to the commerce practices and what are the requirements of standard agreement in accordance with the right and obligation. A qualitative method is applied in searching data of business practices. This study uses a normative research which guides the rule of law or determines some business standards and norms. The finding of this study show that the development of agreement strongly affects to the commerce practices, and standar agreement is urgently needed by business practices as a guideline to perform business traffic as smooth as buyer and seller expect, then both seller and buyer should know the three alternative way used as the procedures of standard agreement, namely; contract signing, notification document agreement, and notification by bulletin board. At last, a standard agreement could be accepted as legal agreement corresponding to willingness and trustworthy.

  8. Human Resource Development in Small Business: An Application of Brethower's Performance Principles to on the Job Training

    Science.gov (United States)

    Twyford, Devon; Alagaraja, Meera; Shuck, Brad

    2016-01-01

    Small businesses provide economic infrastructure in which communities develop and thrive and, in the United States alone, currently represent 99.7 percent of all employer firms. However, many small businesses fail to thrive past the first two years of establishment. Of the reasons small businesses fail, limited or non-existent employee training…

  9. Learning Opportunities And Learning Behaviours Of Small Business Starters: Relations With Goal Achievement, Skill Development, And Satisfaction

    NARCIS (Netherlands)

    A.M. van Gelderen (Marco); L. van der Sluis; P. Jansen (Paul)

    2004-01-01

    textabstractLearning is a vital issue for small business starters, contributing to short term and long term business performance, as well as to personal development. This study investigates when and how small business starters learn. It specifies the situations that offer learning opportunities, as

  10. Development and Evaluation of English Listening Study Materials for Business People Who Use Mobile Devices: A Case Study

    Science.gov (United States)

    Yamada, Masanori; Kitamura, Satoshi; Shimada, Noriko; Utashiro, Takafumi; Shigeta, Katsusuke; Yamaguchi, Etsuji; Harrison, Richard; Yamauchi, Yuhei; Nakahara, Jun

    2011-01-01

    This study aims to verify the effectiveness of English language materials using mobile devices for business people in terms of the effect on motivation, overall learning performance, and practical performance in real business situations. We compared the use of materials developed from business English for a sales department in a company…

  11. How to Develop a Multi-Grounded Theory: the evolution of a business process theory

    Directory of Open Access Journals (Sweden)

    Mikael Lind

    2006-05-01

    Full Text Available In the information systems field there is a great need for different theories. Theory development can be performed in different ways – deductively and/or inductively. Different approaches with their pros and cons for theory development exists. A combined approach, which builds on inductive as well as deductive thinking, has been put forward – a Multi-Grounded Theory approach. In this paper the evolution of a business process theory is regarded as the development of a multi-grounded theory. This evolution is based on empirical studies, theory-informed conceptual development and the creation of conceptual cohesion. The theoretical development has involved a dialectic approach aiming at a theoretical synthesis based on antagonistic theories. The result of this research process was a multi-grounded business process theory. Multi-grounded means that the theory is empirically, internally and theoretically founded. This business process theory can be used as an aid for business modellers to direct attention towards relevant aspects when business process determination is performed.

  12. How to establish and sustain a joint venture in China.

    Science.gov (United States)

    Lee, Paul

    2008-01-01

    Joint ventures with Chinese companies provide one of the most effective ways for international companies to establish a foothold in the booming Chinese economy. The benefits, opportunities and challenges of establishing a joint venture are explored here. Current partnering trends and successful Sino-foreign joint ventures in the fast-growing medical device industry in China are also highlighted.

  13. 15 CFR 296.7 - Joint venture registration.

    Science.gov (United States)

    2010-01-01

    ... 15 Commerce and Foreign Trade 1 2010-01-01 2010-01-01 false Joint venture registration. 296.7 Section 296.7 Commerce and Foreign Trade Regulations Relating to Commerce and Foreign Trade NATIONAL... PROGRAM General § 296.7 Joint venture registration. Joint ventures selected for assistance under the...

  14. Essays on equity joint ventures, uncertainty and experience

    NARCIS (Netherlands)

    Cuypers, I.R.P.

    2009-01-01

    Amidst increasingly global competition during the last decades, we observed a sharp increase in the number of joint ventures. As a result, joint ventures have triggered considerable enthusiasm in recent years among scholars and practitioners. However, studies have shown that most joint ventures fail

  15. Corporate relocation in venture capital finance

    NARCIS (Netherlands)

    Cumming, D.; Flemming, G.; Schwienbacher, A.

    2009-01-01

    This paper introduces an analysis of international relocation decisions of venture capital (VC)-backed companies. Relocations to the United States are motivated by economic conditions as well as an improvement in the laws of the country in which the entrepreneurial firm is based. Relocations to the

  16. MIT Experiments with Joint Venture Contract.

    Science.gov (United States)

    American School and University, 1981

    1981-01-01

    A new dormitory at Massachusetts Institute of Technology was constructed using a joint venture contract with safeguards and incentives that brought university, architect, and building contractor into a closer and more productive relationship than under conventional contract arrangements. (Author/MLF)

  17. Designing an International Joint Venture Negotiation Game.

    Science.gov (United States)

    Kenkel, Phil; And Others

    1996-01-01

    Evaluates a simulation game that models management problems encountered in negotiating and managing international joint ventures. Designed to instruct executives of state-owned agribusinesses in Indonesia in abstract concepts such as partner rapport, transfer price conflicts, and marketing disagreements, its success suggests that simulation games…

  18. Enhancing selective capacity through venture bases

    DEFF Research Database (Denmark)

    Vintergaard, Christian; Husted, Kenneth

    2003-01-01

    Corporate venturing managers have the rule of thumb that only approximately one out often investments really pay of in financial measures. These low odds for success, of course,put extremely high expectations to the profit yielded from the few investments that becomesuccessful. In other words...

  19. Buyouts & ventures. Selling ... or selling out.

    Science.gov (United States)

    Meyer, H; Hudson, T; Cain, J E; Carr, S L; Zacharias, D

    1996-06-05

    Charity begins at home, yet across the country hometown not-for-profit hospitals are forming joint partnerships with investor-owned systems. In some of these cases no foundation is created to continue the hospital's good deeds. In this special report, Hospitals & Health Networks looks at the issues and asks, "Do these joint ventures need more public scrutiny?"

  20. Effective Heuristics for New Venture Formation

    NARCIS (Netherlands)

    Kraaijenbrink, Jeroen

    2010-01-01

    Entrepreneurs are often under time pressure and may only have a short window of opportunity to launch their new venture. This means they often have no time for rational analytical decisions and rather rely on heuristics. Past research on entrepreneurial heuristics has primarily focused on predictive