CEO learning goal orientation and firm innovation: The mechanism and boundary conditions

CEO learning goal orientation and firm innovation: The mechanism and boundary conditions

By Cuilian Zhang & Hui Wang

Originally published online: 19 Nov 2019

ABSTRACT

This study explores how and when chief executive officer (CEO) learning goal orientation affects firm innovation. A sample of 164 small and medium-sized firms in China, with 164 CEOs and 488 top management team (TMT) members, reveals that CEO learning goal orientation exerts positive influences on firm innovation. TMT learning goal orientation mediates this link. Environmental uncertainty and TMT centralization moderate both the direct effect of CEO learning goal orientation on TMT learning goal orientation and the indirect, mediated effect of CEO learning goal orientation on firm innovation through TMT learning goal orientation. Therefore, the effects are amplified at high environmental uncertainty or low TMT centralization.

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CEO learning goal orientation and firm innovation: The mechanism and boundary conditions

The price of a disadvantaged location: Regional variation in the price and supply of short-term credit to SMEs in the UK

By Marc Cowling, Neil Lee & Elisa Ughetto

Originally published online: 19 Nov 2019

ABSTRACT

Access to inexpensive short-term credit from banks is vital for many small and medium enterprises (SMEs), which face liquidity problems because of an imbalance between cash outflows and receipt of outstanding payments. This article investigates the key determinants of short-term credit access and pricing for UK SMEs, disentangling between regional effects and firm-specific effects (that is, credit risk ratings). We use a large dataset of 30,183 responses to six waves of the SME Finance Monitor survey. While there are underlying differences at the firm level in risk behavior across regions, our key finding is that, faced with the same risk, banks do react fairly to funding applications in terms of access but not price at the regional level. We conclude that regional differences directly and indirectly affect the way banks allocate and price short-term credit. There is evidence of a peripheral region price penalty.

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CEO learning goal orientation and firm innovation: The mechanism and boundary conditions

Sustainable firms and legitimacy: Corporate venture capital as an effective endorsement

By Deborah de Lange & Dave Valliere

Originally published online: 22 Nov 2019

ABSTRACT

This empirical study investigates the legitimizing effects of the presence of different investor types supporting entrepreneurial ventures. These effects may differ for sustainable ventures that face greater liabilities of newness due to powerful incumbents and negative halo effects of prominent failures. Drawing on institutional theory, this study developed and tested a model of investor legitimization with data on 184 entrepreneurial ventures using negative binomial regression. Findings suggest that the legitimizing effects of investor types for sustainable ventures differ from those of other ventures. In particular, corporate venture capital seems to legitimize sustainable ventures in a manner unlike other venture types.

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CEO learning goal orientation and firm innovation: The mechanism and boundary conditions

SME open innovation for process development: Understanding process-dedicated external knowledge sourcing

By Jose-Luis Hervas-Oliver, Francisca Sempere-Ripoll, Carles Boronat-Moll & Sofia Estelles-Miguel

Originally published online: 17 Dec 2019

ABSTRACT

Small and medium enterprise (SME) open innovation has received attention only for new product development, overlooking the fact that process innovation is a strategy commonly pursued by SMEs which requires organizing search strategies or external knowledge sourcing for that purpose. Focusing on 3,348 process-oriented innovative SMEs, defined as those that usually and primarily only introduce process rather than product innovation, this study empirically identifies key external sources of SME innovation for process technologies, linking open innovation to SME performance, and highlighting a very important distinction to literature focused on product development. The results contribute to the literature on SME open innovation.

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Message from ICSB President – Vote for NEW ICSB BYLAWS

Message from ICSB President – Vote for NEW ICSB BYLAWS

Message from President of ICSB 2019-2020 – Vote for NEW ICSB BYLAWS

Monday December 17, 2019

A New Beginning: ICSB 2.0

Dear ICSB Family,

On December 11th, 2019, ICSB held the second board meeting in Macao under my Presidency. The objective of this meeting was to closely follow up on work plans and review the work appointed to the committees that have been executing. The ICSB Board has approved a new set of bylaws for ICSB, which reflects a new business model covering our four pillars of membership; academia, researchers, policymakers, as well as small business owners and entrepreneurs. After this historic board meeting, I am extremely delighted to report to you the following:

  1. The new bylaws are built on a framework of the need for a new and sustainable business model. This is due to the success we have achieved in 2017 with our work in partnership with the United Nations-led by Past President Dr. Ki-Chan Kim and our dynamic Executive Director Dr. Ayman El Tarabishy and many countries and partners in the declaration of the UN MSME Day celebrated on June 27th of every year.
  2. This new business model will allow for sustainable growth for ICSB in terms of footprint and financial growth through a newly developed product called ICSB Knowledge Hubs.
  3. Since 2015, it has been clear to the successive boards that the affiliate model required to be readdressed, modified, improved, or abolished. Upon the work from the 2020 and 2030 visioning committees, I charged a Bylaws committee led by President-Elect Winslow Sargent to work on new bylaws to match the new business model which addressed these concerns and established a new framework for partnerships with local groups rather than the chapter/ affiliate model which looks at local or regional groups as “partners of ICSB” rather than “subordinates” of ICSB. This was a clear recommendation also received from Ms. Vicki Stylianou, ICSB SVP Development.
  4. ICSB’s Board received a letter of dis-affiliation from ECSB, which ICSB board has approved effective December 11th, 2019. We hope we can re-engage with ECSB in the future as a Partner and wish them well for the future.
  5. The new bylaws and business model put the small business owner and entrepreneur at the heart of what we do: whether it is education, research, or policy advocacy- without the small business owners, there would be no supporting ecosystem.
  6. The new business model gives special attention to certain groups: women and youth have a major role to play in the future of ICSB.

A Final Personal Note from an ICSB President and a Volunteer to this Organization:

I am writing to you at a time of change for our organization.  Any change can cause tension, uncertainty, and sometimes unnecessary noise. This tension has been rooted in our recent history and I assure you that it goes years beyond any current bylaws or business model debate.

I have come here to seek a new beginning for ICSB; one based upon mutual interest and mutual respect and shared common principles – principles of justice and progress; tolerance and dignity of all human beings.

I will quote from President Barack H. Obama the following:

“I do so recognizing that change cannot happen overnight. No single person can eradicate years of mistrust, nor can I answer in the time that I have all the complex questions that brought us to this point. But I am convinced that to move forward, we must say openly the things we hold in our hearts, and that too often are said only behind closed doors. There must be a sustained effort to listen to each other; to learn from each other; to respect one another, and to seek common ground. As the Holy Quran tells us, “Be conscious of God and always speak the truth.” That is what I will try to do – to speak the truth as best I can, humbled by the task before us, and firm in my belief that the interests we share as human beings are far more powerful than the forces that drive us apart.

We are shaped by every culture, drawn from every end of the Earth, and dedicated to a simple concept: E Pluribus Unum: “Out of many, one.” – Barack H. Obama- Cairo, June 2009

Dear Members,

I am counting on your support of the proposed new bylaws.

STEP 1: REVIEW NEW ICSB BYLAWS (click here)

STEP 2: VOTE FOR ICSB NEW BYLAWS (click here)

I look forward to a great future for our global family of ICSB, where we will showcase our convening power of bringing together Asia, MENA, North America, South America, Europe, Africa, Oceania. We will also always celebrate and recognize the history this organization has since it was established in 1955.

We are all working for one common goal, supporting MSMEs worldwide while leaving no one behind.

Sincerely,

Ahmed Mohammed Osman

The Other Half: State, Challenges, and Action Items for the Realization of Women Entrepreneurial Opportunities Worldwide

The Other Half: State, Challenges, and Action Items for the Realization of Women Entrepreneurial Opportunities Worldwide

State, Challenges, and Action Items for the Realization of Women Entrepreneurial Opportunities Worldwide

Monday, December, 16, 2019

State, Challenges, and Action Items for the Realization of Women Entrepreneurial Opportunities Worldwide

Monday, December, 16, 2019

The Other Half

According to the United Nations, the world population reached 7.6 billion in 2017. About half, or 49.55 percent, were female (United Nations, Department of Social and Economic Affairs, 2017). The fact that the gender demographics on the planet are balanced, compounded by the recent announcement that most countries have achieved gender parity in primary education (UNICEF, 2018) should be cause for optimism. However, these numbers are quickly obscured by the realization that disparities still remain at the other education grades, which disproportionately favor males.

President James Madison once stated that “education is the foundation of civil liberties.” Therefore, this gender unbalanced state of affairs might also escalate to the structure of several other institutions, including public and private sector activities, and the distribution of entrepreneurial opportunities.

In this brief report, we review selected gender indicators across countries, and then compare them with entrepreneurial indicators in an attempt to understand the distribution of business opportunities across economies. After reviewing the general numbers, we focus on key challenges and practical recommendations for action. (Read more…)

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Small Business: Big Vision

Small Business: Big Vision

Small Business: Big Vision

Monday, December 9, 2019

Small Business: Big Vision

Monday, December 9, 2019

In early September, the Institute of Public Accountants and Deakin University held a major conference focusing on Australia’s flagging productivity.

Aside from addressing the current dire economic predicament, the Small Business: Big Vision event, run by the IPA Deakin SME Research Centre on 4 and 5 September 2019, pushed for a more concerted effort to boost SME productivity. The event brought together Australian and international experts to explore the creation of a sustainable ecosystem for SMEs, based on the five integral pillars financial capital, innovation, regulation, trade and internationalisation, and human capital.

While some say that small business is the engine room of the economy, we believe that is an understatement; we believe that small business is the whole factory, plant and equipment. Unless we stoke the fire beneath it, our future generations will suffer the consequences, the IPA CEO, Andrew Conway, said in announcing the event.

The full auditorium of policy makers, business people and accountants also heard from Eugene Cornelius Jr., senior adviser to the US Office of International Trade at the Small Business Administration; Dr.Winslow Sargeant, former chief counsel for advocacy appointed by and reporting direct to President Barack Obama; and Charles Matthews, Fulbright Scholar from the University of Cincinnati. (Read more…).

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How Entrepreneurship and Innovation is integral to Egypt’s TVET Reform

How Entrepreneurship and Innovation is integral to Egypt’s TVET Reform

How Entrepreneurship and Innovation is integral to Egypt’s TVET Reform

Monday, December 9, 2019

How Entrepreneurship and Innovation is integral to Egypt’s TVET Reform

Monday, December 9, 2019

Investing in an Inclusive Future

Education is at the core of the upliftment of standards and quality of life since it is the foundation for human capital. The application of appropriate science and technology is the basis for improved economic growth. As an alternative to traditional academic learning in Egypt, technical and vocational education and training is a substitute for the Egyptian high school degree Thanweya ‘Ama, where students enroll after the completion of their preparatory education and focus on occupational learning. With the globalization wave, requirement to develop knowledge and practical skills on a continuous basis is necessary. Many education development initiatives have taken on board the need to foster transferable skills, because characteristics such as innovation and creativity are increasingly needed for all levels and types of work. TVET has a special role to play in providing the knowledge and practical skills that empower people to improve the quality of their daily lives and earn income. TVET today involves more than skills acquisition programmes. Its policies and strategies stress the need for stronger links with the labour market and for strategies to help graduates to adjust continuously to the fast changes in the market.

Yet for a long time, TVET in the Region has been neglected, fragmented and unevenly developed. In recent years, with Egypt’s recognition of prior learning and skills acquired informally, there has been a policy shift that recognizes the importance of TVET in addressing a number of socioeconomic challenges faced by the government. Accommodating close to 2 million students and over half a million graduates per year, the sector in Egypt faces many challenges, especially in relation to the efficiency of the labour market and the deteriorating conditions that have disproportionally affected many of Egypt’s youth. The important role of education in promoting more entrepreneurial attitudes and behaviours is now becoming recognized and the benefits of entrepreneurship education are no longer just limited to start-ups, innovative ventures and new jobs.

In the past decade, most TVET reform programmes have been designed to prepare people for paid employment and many focus on employment in large enterprises to help TVET planners and providers improve the relevance of supply, by ensuring that the demand side is considered. Still there have been limitations in gearing Egyptian TVET youths to become active contributors due to pre-defined ideas of what they can and cannot do, depriving local communities of their talents, and therefore constraining meaningful pathways for individuals and economic growth. Entrepreneurship has also become a key competency for all, helping young people to be more creative and self-confident in whatever they undertake. TVET, at all levels including tertiary education, is a main contributor to entrepreneurship skills acquisition in both its senses because of its relevance in ensuring that the current and future labour meet economic development needs. Nonetheless, there is still relatively little emphasis in national development policies, and even fewer highlight the skills dimension of this component on the national economy. (Read more…)

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The Future of Entrepreneurship Education is in… Carolina?

The Future of Entrepreneurship Education is in… Carolina?

The Future Of Entrepreneurship Education Is In … Carolina?

Saturday, December 7, 2019

The Future Of Entrepreneurship Education Is In … Carolina?

Saturday, December 7, 2019

The UNC Kenan-Flagler Business School Leads the Way in Entrepreneurship

Ted Zoller, Director of The Entrepreneurship Center at UNC’s Kenan-Flagler Business School, was recently featured on Poets&Quants, a leading online publication covering graduate business education, to comment on the school’s leadership in entrepreneurship. Here’s a snippet of what he had to share: 

“When you look at the community here in the research park, UNC is the dominant player,” Zoller says on a phone call with Poets&Quants. “Almost all of the big-scale companies that have exited were founded by UNC entrepreneurs. I’m not disparaging my friends at Duke or NC State, but we clearly are the leader.”

“What makes a great entrepreneurship ecosystem is building up the social capital and the leadership that can extract these innovations and turn them into businesses,” Zoller says. “Right now in Research Triangle, that culture is completely embedded. It’s just in the water. We’re just like Austin.” (Read more on Poets&Quants).

Introducing “The Entrepreneur’s Guide to Risk and Decisions” by Thom Pittz and Eric Liguori

Introducing “The Entrepreneur’s Guide to Risk and Decisions” by Thom Pittz and Eric Liguori

Introducing “The Entrepreneur’s Guide to Risk and Decisions” by USASBE’s own Thom Pittz and Eric Liguori

Wednesday, December 4, 2019

Introducing “The Entrepreneur’s Guide to Risk and Decisions” by USASBE’s own Thom Pittz and Eric Liguori

Wednesday, December 4, 2019

The University of Tampa and Rowan University are proud to highlight the work of professors Thomas Pittz and Eric Liguori in their new book, The Entrepreneur’s Guide to Risk and Decisions: Building Successful Early-Stage Ventures.

Available in January, The Entrepreneur’s Guide to Risk and Decisions is intended to serve as a powerful guide for entrepreneurs, investors, accelerators, incubators, and center directors and as a valuable compendium for educators in the classroom. It is published by Emerald Group Publishing and is available for pre-order online now with copies available at the USASBE conference in New Orleans, January 3-7, 2020.
 
Here’s what folks are saying about the book:
 
“The best advice I can give you is to take the content in this book seriously, work hard, surround yourself with the right people, and always try to remain positive and to persevere! Entrepreneurship is a marathon, not a sprint, so use this book to play the long game the smart way.”
–Kevin Harrington, original shark on the hit TV show “Shark Tank”
 
“There are few resources that effectively help entrepreneur’s navigate the black box of risk and decision-making along their tumultuous journey. Every aspect of that journey – whether it be marketing, financing, partner- ships, HR, networking, or actually launching has unlimited landmines that can put an end to a dream. This book is a critical how-to guide for any entrepreneur at any stage to spot and disarm those landmines with expert precision.”
—Doan Winkel, Senior Vice President of Programming, United States Association for Small Business and Entrepreneurship
 
“In their new book, The Entrepreneur’s Guide… Thom Pittz and Eric Liguori have identified all of the key issues that entrepreneurs face in developing and growing businesses and provide critical and detailed guidance for success. I am pleased to see a major section of the book devoted to networks and networking as an entrepreneur’s network of support is the foundation for entrepreneurial innovation and growth.”
—William B. Gartner, The Bertarelli Foundation Distinguished Professor Family Entrepreneurship, Babson College
 
“This book is an essential tool for every entrepreneur during his startup journey. It provides a handy reference which can be reverted to based on real life experiences. An essential companion for all aspiring entrepreneurs or small business owners.”
—Ahmed Osman, President, International Council for Small Business
 
“Thom Pittz and Eric Liguori have provided a no-nonsense, incredibly insightful and practical guide for entrepreneurs looking to launch and/or grown their businesses. Great insights on guerrilla marketing, the power and pitfalls of crowd funding, and understanding failure and rejection. Recognizing the massive amount of work and stress necessary to build a successful venture, Pittz and Liguori have masterfully distilled wisdom gained from working with hundreds of startups around the globe to help entrepreneurs avoid landmines and gear up for success. Great reading for anyone immersed in the entrepreneurial process!”
—Tim Mescon, Executive VP and Chief Officer, Europe, Middle East and Africa, AACSB International 
 

Click here to pre-order your copy today!