Search results
1 – 10 of 447Mariana Estrada-Robles, Nick Williams and Tim Vorley
Focusing on the family as the central unit of analysis, the purpose of this paper is to examine how entrepreneurial families, with more than one owner/entrepreneur, utilise social…
Abstract
Purpose
Focusing on the family as the central unit of analysis, the purpose of this paper is to examine how entrepreneurial families, with more than one owner/entrepreneur, utilise social capital in a challenging institutional environment.
Design/methodology/approach
The empirical focus of this paper is the institutional context of Mexico and how it impacts on entrepreneurial families and their access to social capital. The authors employ an in-depth qualitative approach to understand entrepreneurs’ perspective as being part of an entrepreneurial family. A total of 36 semi-structured interviews were conducted with multiple respondents of each entrepreneurial family.
Findings
This study shows that social capital allows members in the entrepreneurial family to access a wider pool of resources to utilise to benefit their ventures, while also helping them to operate in a challenging institutional environment. It also illustrates how social capital is used to overcome institutional asymmetries.
Originality/value
This paper contributes to research by examining the links between institutions and entrepreneurial families through a focus on social capital. It provides a nuanced understanding of how the entrepreneurial family serves as an intermediary through which social capital gives family members access to resources and capabilities to enable their pursuit of entrepreneurial endeavours and overcome the institutional challenges they face in Mexico.
Details
Keywords
Cristian Gherhes, Nick Williams, Tim Vorley and Ana Cristina Vasconcelos
Micro-businesses account for a large majority of small and medium enterprises (SMEs). However, they remain comparatively under-researched. The purpose of this paper is to take…
Abstract
Purpose
Micro-businesses account for a large majority of small and medium enterprises (SMEs). However, they remain comparatively under-researched. The purpose of this paper is to take stock of the extant literature on growth challenges and to distinguish growth constraints facing micro-businesses as a specific subset of SMEs from those facing larger SMEs.
Design/methodology/approach
The study consists of a systematic review of 59 peer-reviewed articles on SME growth.
Findings
Micro-businesses distinguish themselves from larger SMEs by being owner-manager entrepreneur (OME) centric and are constrained by a tendency to be growth-averse, underdeveloped capabilities in key business areas, underdeveloped OME capabilities, and often inadequate business support provision.
Research limitations/implications
The use of keywords, search strings, and specific databases may have limited the number of papers identified as relevant by the review. However, the findings are valuable for understanding micro-businesses as a subset of SMEs, providing directions for future research and generating implications for policy to support the scaling up of micro-businesses.
Originality/value
The review provides a renewed foundation for academic analysis of micro-business growth, highlighting how micro-businesses are distinct from larger SMEs. At present, no literature review on this topic has previously been published and the study develops a number of theoretical and policy implications.
Details
Keywords
Besnik Krasniqi, Nick Williams, Iraj Hashi, Fisnik Reçica, Ermal Lubishtani and Liridon Kryeziu
This paper aims to examine the influence of formal and informal institutional quality on country-level variations in foreign equity shares in transition economies (TEs).
Abstract
Purpose
This paper aims to examine the influence of formal and informal institutional quality on country-level variations in foreign equity shares in transition economies (TEs).
Design/methodology/approach
Drawing on institutional theory and transaction cost theory, this paper examines the influence of formal and informal institutional quality on country-level variations in foreign equity shares in TEs. The authors use a two-step empirical strategy, identifying clusters of explanatory variables and running generalized least squares random effect estimations to test for the influence of explanatory and control variables on foreign equity shares.
Findings
Foreign equity share is positively affected by informal institutions and negatively by formal institutions. However, when control for stage of transition we find that the the presence of informal institutions in more rapidly or advanced transforming economies negatively influences foreign equity shares. Complex infrastructure discourages foreign equity shareholdings, and foreign companies use informal practices to overcome unfavourable host country conditions. Government size has a negative effect, and gross domestic product per capita positively affects foreign equity shares.
Research limitations/implications
The study is the new groundwork for the re-enactment of a fruitful discussion on foreign equity. The study has practical implications for managers, too – managers of foreign-owned firms operating in weakly installed institutional environments should carefully analyse the entry strategies because of the high presence of informal institutions. Furthermore, managers could understand the various facilitation roles of informal institutions in any firm internationalisation effort to arrive at optimal ownership holdings for better internationalisation performance. Although the study is based on a sample of transition countries, the findings have implications for other emerging economies’ contexts sharing similar institutional settings.
Originality/value
This study provides a unique empirical investigation and evidence based on country-level indicators on the effect of formal and informal institutions on foreign equity shares holdings in TEs, reinforcing the importance of impacts of both the formal and informal dimensions on ownership decisions of foreign investors.
Details
Keywords
Chay Brooks, Cristian Gherhes, Tim Vorley and Nick Williams
The aim of this paper is to unpack the nature of business innovation and understand the impact on regional innovation and competitiveness.
Abstract
Purpose
The aim of this paper is to unpack the nature of business innovation and understand the impact on regional innovation and competitiveness.
Design/methodology/approach
The paper is based on a qualitative study of Advanced Manufacturing and Advanced Materials businesses in the Sheffield City Region (UK). Interviews were conducted with 23 firms in exploring how innovation in the firm translates to innovation-led regional economic growth.
Findings
The paper demonstrates that there is a tendency of owner managers to focus on innovation in terms of the development of new products, processes and/or services. Many of the businesses interviewed were technologically innovative, yet there was little evidence of wider business model innovation. This, the authors conclude, stymies regional innovation and with it regional economic growth.
Research limitations/implications
This study is based on a case study of the Sheffield City Region and is not generalizable, but offers insights into the nature of business model innovation which are valuable in generating questions for further research.
Practical implications
The paper highlights the need to think of innovation in broader terms and the scope of business model innovation to not only improve the performance of firms but also regional economic growth.
Originality/value
Business model innovation is a growing domain of the literature, and this paper highlights how narrow interpretations of innovation may serve to limit growth business growth, and with it regional economic growth.
Details
Keywords
This article contributes to the debate by arguing that addressing the core concept underpinning accelerationism and helps to unpack a number of key assumptions on the nature of…
Abstract
Purpose
This article contributes to the debate by arguing that addressing the core concept underpinning accelerationism and helps to unpack a number of key assumptions on the nature of capitalism, identifying areas offering new and productive insights into organisation and organisations. The scope of the article will be to examine the accelerationist literature, in particular, the core principles first emerging in the prehistory of accelerationism and further developed through the various waves and iterations of the concept.
Design/methodology/approach
The paper offers a conceptual approach to accelerationism. It develops a critical literature review and uses a process of exemplification to highlight insights for organisation and organisations.
Findings
The paper concludes that the underpinnings of accelerationism are not well understood and thus much of the critique misses the more intriguing and interesting insights from the cluster of ideas at its core.
Originality/value
The scope of the paper is to provide a coherent and accessible way to navigate through a complex and demanding series of concepts. The value of the paper is that it helps to identify potential insights relevant to management, marketing and organisational scholars.
Details
Keywords
Nick Williams and Robert Huggins
Government intervention has increasingly identified deprived communities as a key focus for enterprise support. The purpose of this paper is to examine attitudes and perceptions…
Abstract
Purpose
Government intervention has increasingly identified deprived communities as a key focus for enterprise support. The purpose of this paper is to examine attitudes and perceptions to enterprise support in a deprived community in the UK city of Leeds.
Design/methodology/approach
A survey of 142 entrepreneurs and potential entrepreneurs, and 18 follow‐up in‐depth interviews with entrepreneurs, were conducted with people living in the study area. The survey examined the entrepreneurial activity of members of the community, and usage of enterprise support.
Findings
The paper finds that certain forms of enterprise support in deprived communities may actually discourage entrepreneurship. Also, where entrepreneurial ventures are supported they tend to operate in activities relating to generic trades with low entry barriers, with many enterprises having little actual or perceived requirement for external support, with it being likely that these would have been established with or without support.
Research limitations/implications
A potential limitation of the study is that it is restricted to a case study of deprived communities in one particular city.
Practical implications
Increased investment in the supply of enterprise support may not lead to increased levels of entrepreneurship, with support that aims to engage with people who have never considered starting a business, or do not have the skills required to launch and grow a venture, is unlikely to be cost‐effective given their low growth potential.
Originality/value
The results of the research are potentially applicable to other deprived communities, and provide lessons for policy relating to the promotion of entrepreneurship.
Details
Keywords
Robert Huggins, Brian Morgan and Nick Williams
Entrepreneurship is increasingly recognised as a crucial element in fostering economic development and growth, especially at the regional level. The purpose of this paper is to…
Abstract
Purpose
Entrepreneurship is increasingly recognised as a crucial element in fostering economic development and growth, especially at the regional level. The purpose of this paper is to examine the evolution of regional enterprise policies and associated governance mechanisms in the UK to address the following questions: How are evolving systems of regional governance in the UK impacting on the capability of regional policy to foster entrepreneurship? To what extent does enterprise policy form a key part of the overall economic development strategy of regions? and are different forms of regional enterprise policy and priorities emerging?
Design/methodology/approach
The study draws on a series of key interviews with policy makers across the regions of Wales, Scotland and England (using the case study of the Yorkshire and the Humber region). The approach adopted in this study facilitates an exploration of the perspectives of those responsible for the formulation and delivery of such support. The paper seeks to ascertain and analyse policy maker opinion on the nature of previous policy, as well as future requirements if policies are to become more effective. It focuses on the period from 1997, with the election of the Labour Government, and the period from 2010 to 2015 represented by the Conservative-Liberal Democratic Coalition Government.
Findings
The paper finds that regional entrepreneurship differentials emerge due to the spatial and place-based nature of three underlying factors: first, the nature of markets; second, the nature of innovation systems; and third, the nature of place-based cultures, communities and the institutions they establish. In the regions studied, failings and limitations in these factors suggest two potential requirements: first, the introduction of public policy in the form of a range of interventions and support mechanisms, second, the introduction of a system of policy governance to establish appropriate interventions and support mechanisms. In the case study regions, clear attempts have been made to address each of the three limiting factors through a range of policy and governance systems, but due to a complex range of issues these have often achieved limited success.
Originality/value
From an intellectual perspective, the paper positively points toward the establishment of governance and policy frameworks that have been both led and informed by the theory underpinning an explanation of regional differentials in entrepreneurial capacity and capability. However, from a more applied perspective it questions the effectiveness and strategic implementation of the policy frameworks and the sustainability of the associated governance mechanisms.
Details
Keywords
Jean-Luc Moriceau, Carlos Magno Camargos Mendonça and Ângela Salgueiro Marques
The study aims to highlight and reflect on resistance to Brazil's illiberal accelerationist politics highlighting alternative possibilities based on affects and forms of…
Abstract
Purpose
The study aims to highlight and reflect on resistance to Brazil's illiberal accelerationist politics highlighting alternative possibilities based on affects and forms of relatedness.
Design/methodology/approach
Drawing on the case of public universities and the arts in today's Brazil, the authors point out a tragedy of resistance (when opposing change fuels its acceleration) and explore a strategy of lines of flight and becomings in the light of Deleuze and Guattari's perspective on acceleration.
Findings
Alongside an oppositional and reactive resistance, that is caught in a tragedy of resistance, the authors explore an alternative strategy that protects a plurality of life forms and forces and their becoming. This strategy differs from most critiques of accelerationism.
Originality/value
This strategy of resistance seems more faithful to Deleuze than the accelerationist strategies that claim to be inspired by him. The authors suggest another reading of the often quoted passage by Deleuze and Guattari. While Deleuze and Guattari favor continuous deterritorializations of the flows of desire, accelerationism reterritorializes these flows towards a (often) undesirable future.
Details
Keywords
Abstract
Details