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1 – 10 of 24Santiago Gutiérrez-Broncano, Mercedes Rubio-Andrés, Jorge Linuesa Langreo and Miguel Angel Sastre-Castillo
For this paper, the authors focus on Porter’s competitive advantage. Hybrid strategy refers to how a firm creates value vis-à-vis competitors by simultaneously relying on lower…
Abstract
Purpose
For this paper, the authors focus on Porter’s competitive advantage. Hybrid strategy refers to how a firm creates value vis-à-vis competitors by simultaneously relying on lower costs and greater differentiation to achieve a competitive advantage. This strategy emphasises both and aims to provide much more monetary value to customers through the combination of reduced cost and a higher rate of differentiation. In addition, this research focuses on family small and medium-sized enterprises (SMEs), because they have particularities arising from the incorporation of family members both as owners of the SME and in managerial positions. The porpose of this study is to analyse whether the existing differences produced by the role of the family in strategic decision-making and the concentration of family power have a higher impact on performance and innovation than non-family SMEs.
Design/methodology/approach
Structural equation modelling was used to analyse Spanish firms with fewer than 250 employees. This study randomly selected SMEs operating in Spain from the Spanish Central Business Directory (2021) database. The overall sample design was based on stratified sampling.
Findings
SMEs are facing new challenges, and this has led to the emergence of new competitive strategies. Companies have started to combine differentiation strategies with cost strategies to achieve superior performance and better adapt to these changes. This study confirms a positive relationship between the adoption of hybrid strategies and market performance in SMEs. In addition, hybrid strategy reinforces innovation, which has a mediating role between hybrid strategy and market performance. Finally, the findings indicate that family SMEs achieve a greater impact of hybrid strategy on innovation than non-family SMEs. Moreover, innovation plays a mediating role only in the case of family firms, which enhances the relationship between hybrid strategy and market performance.
Originality/value
For SMEs to survive in turbulent environments, this study proposes the adoption of hybrid strategies instead of pure strategies. The novel model links hybrid strategy (as opposed to “stuck in the middle”), innovation and market performance. The research is valuable for owners and managers of family SMEs because this study finds differences in the relationships studied compared to non-family SMEs.
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Wendy Cukier, Liam Donaldson, Tomke Jerena Augustin and Zohreh Hassannezhad Chavoushi
Situated in the context of entrepreneurship and innovation ecosystems, this article explores the impact of an action-oriented, collaborative research network, the Inclusive…
Abstract
Purpose
Situated in the context of entrepreneurship and innovation ecosystems, this article explores the impact of an action-oriented, collaborative research network, the Inclusive Innovation and Entrepreneurship Network (IIE-Net), aimed at advancing inclusion for entrepreneurs from equity-deserving groups by addressing barriers and enablers at the societal, organizational and individual levels.
Design/methodology/approach
Drawing on principles of action research and a multi-level research strategy informed by gender-based analysis and critical race theory, this article reflects on the collaboration with stakeholders and the impact of the IIE-Net project to contribute to knowledge, policy and practice.
Findings
Using a three-level inclusive ecosystem model, we explore how research and collaboration can be used to drive change in policies and practices at the societal, organizational and individual levels.
Originality/value
This article illustrates how theory, empirical evidence and knowledge mobilization practices can be used to help shape a more inclusive innovation and entrepreneurship ecosystem.
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William Alomoto, Angels Niñerola and Maria-Victòria Sánchez-Rebull
The growth of mental disorders and their costs represents a public health challenge. This study aims to explore how a social club can help mitigate its impact through arts and…
Abstract
Purpose
The growth of mental disorders and their costs represents a public health challenge. This study aims to explore how a social club can help mitigate its impact through arts and sports workshops.
Design/methodology/approach
Using the social return on investment (SROI) methodology, the impact of the social club is evaluated by identifying stakeholders and quantifying their contributions. In addition, the relationship between patients’ attendance and the reduction of relapses and medication consumption is explored.
Findings
The SROI showed a positive return on investment, €12.12 per euro invested. This ratio indicates that the social club generates social value well above its initial costs. On the other hand, two stakeholders were identified as higher impact generators, and it was confirmed that sports activities generate more social and economic impact than art activities – however, the positive effects of art activities last longer over time. The study revealed a positive relationship between social club attendance and relapse reduction. Almost 90% of the participating users reported no relapses or emergency hospitalizations during the past year of attendance. In addition, a substantial decrease in medication dosage was observed. These results suggest that social clubs help stabilize mental health and reduce the burden on health-care systems.
Originality/value
The case study highlights the vital role of social clubs in supporting people facing mental health issues. Policymakers and health-care providers can use this knowledge to invest in more effective and sustainable mental health support activities.
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There are more than 120 Canadian women who worked on the design, manufacturing, testing, launch and operation of the Alouette I satellite, launched into space during the Cold War…
Abstract
Purpose
There are more than 120 Canadian women who worked on the design, manufacturing, testing, launch and operation of the Alouette I satellite, launched into space during the Cold War era’s race to space. And yet, these women are positioned outside of space business and labour histories. The author aims to influence and dismantle this hegemonic positioning and celebrate one of these women’s histories in the present and future by asking and providing a plausible answer to How do you build and share histories of a hidden, invisible or forgotten science, technology, engineering and mathematics (STEM)-professional woman?
Design/methodology/approach
The author embraces a poststructural intersectional feminist lens within the postmodern histories approach coupled with the gendered antenarratives theoretical framework to dismantle these knowledge hierarchies. Based on primary source interviews, archival documents and photographs from 1950 to 1979, the author weaves these collected data with the Canadian space industrial historical context, carefully choosing who is placed at the center of this study, while also considering how she obtained, shared, and meaningfully engaged with historical discontinuous bodies of discourses (re)created into a Canadian Alouette woman’s spiral of storying.
Findings
The reader is invited to jump into the spiral of storying at the dawn of the Canadian capitalist space industry. This spiral is presented via writing differently and speculative fiction, offering a dialogical web that moves beyond the structural boundaries created by previous Alouette I grand narratives. By using this storying approach, the author contributes to women’s and gender historians’ efforts to celebrate and engage with more diverse histories and to disrupt the hegemonic positioning of women outside the boundaries of space business and labour histories.
Originality/value
This research stands apart from other space histories as the author aims to distance her (re)production of gendered living stories from the practice of grand narratives. Furthermore, this study, framed within the poststructural intersectional feminist lens, is a deliberate act to deviate from the liberal feminist lens that permeates the treatment of women in business and labour historical studies. She also refocuses our attention on a Canadian woman’s space contributions that were hidden in archival boxes. Arguing that we must continue to obtain, share and meaningfully engage with STEM professional women’s experiences in the space industry, this manuscript inspires girls and young women in the present and future to continue to reach for the stars.
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Christian Glade, Peter Kesting, Remigiusz Smolinski and Dominik K. Kanbach
This study explores the negotiation behaviors and strategies employed by experienced entrepreneurs to secure venture capital (VC) funding.
Abstract
Purpose
This study explores the negotiation behaviors and strategies employed by experienced entrepreneurs to secure venture capital (VC) funding.
Design/methodology/approach
Using a qualitative approach, we conducted interviews with 32 accomplished founders with track records in securing VC funding. Our conceptual underpinning rests upon an existing negotiation competency model. This study employed a systematic and iterative data analysis method, following an inductive approach grounded in Gioia et al.’s (2013) methodology to conceptualize the unprocessed interview data.
Findings
We identified three dimensions characterizing entrepreneurial negotiation behavior in VC negotiations: negotiation competencies, power tactics, and negotiation style. Furthermore, we identified specific behaviors in these dimensions and explored how entrepreneurs apply these skills in the VC context.
Research limitations/implications
This study contributes a nuanced understanding of entrepreneurs’ negotiation behaviors, opening avenues for further research on effective strategies in entrepreneurial finance.
Practical implications
Entrepreneurs can leverage the identified negotiation strategies to enhance their skills and navigate VC negotiations more effectively, potentially leading to better funding outcomes. Furthermore, training programs can be crafted to encourage the cultivation of these behaviors.
Originality/value
This study is the first to systematically examine the negotiation behaviors and strategies employed by experienced entrepreneurs in VC negotiations, revealing entrepreneurs’ specific behaviors and elucidating how these behaviors are employed within negotiations to provide practical insights.
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Julia Taferner and Karl-Heinz Leitner
This study addresses the intersection of team gender composition, social entrepreneurship and new venture performance, aiming to understand the unique dynamics shaping these…
Abstract
Purpose
This study addresses the intersection of team gender composition, social entrepreneurship and new venture performance, aiming to understand the unique dynamics shaping these areas. The authors discuss why female and diverse founding teams often gravitate toward social ventures and explore the relevance of this phenomenon. By investigating the impact on new venture performance, this study examines the effect of team diversity in the context of social entrepreneurship.
Design/methodology/approach
The study is based on a survey among new ventures in Austria. Data from 326 new ventures were analyzed using linear and logistic regression analysis. Drawing on gender role theory, the effect of diverse and female founding teams on the amount of acquired external capital was tested, emphasizing how social goals may serve as a signaling mechanism to investors.
Findings
In line with gender role theory, the study confirms that female and diverse founding teams are more inclined to establish social ventures. While the authors find empirical support for this assertion, there was no evidence found for a second assertion by the gender role theory stating that social entrepreneurship can specifically reduce gender bias with respect to external equity funding of new ventures. Contrary to expectations, the tendency of female and diverse founding teams to prioritize social goals hinders their ability to secure external equity. Furthermore, this research indicates that gender-diverse and all-female teams achieve lower levels of employment growth compared to all-male teams. These results provide insights into the relationship between team composition and venture performance.
Originality/value
Adding to gender role literature, this research expands the current understanding of how team gender diversity and social entrepreneurship affect venture performance. The study indicates a high prevalence of social entrepreneurship among gender-diverse teams and highlights specific challenges faced by female and gender-diverse founding teams. The findings underpin the need for a deeper understanding of the challenges faced by female and gender-diverse teams in the entrepreneurship area. By addressing these dynamics, the study offers valuable insights and recommendations for policymakers, investors and entrepreneurs, laying a foundation for future research into promoting gender equality and fostering inclusive entrepreneurship ecosystems.
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Bastian Burger, Sascha Kraus, Thomas K. Maran and Dominik K. Kanbach
This study aims to investigate the association between narcissistic tendencies, gender and funding success in high-growth start-ups. It aims to bridge a critical research gap by…
Abstract
Purpose
This study aims to investigate the association between narcissistic tendencies, gender and funding success in high-growth start-ups. It aims to bridge a critical research gap by exploring the combined effect of gender and narcissism on start-up funding success.
Design/methodology/approach
The authors surveyed 540 founders of high-growth start-ups in Germany, Austria and Switzerland, using the NPI-16 questionnaire to assess narcissistic tendencies. By focusing on high-growth start-ups as opposed to small firms, the authors enhanced the validity of the sample. This study isolates and analyses the effects of gender and narcissism, providing insights into their individual and combined contributions to start-up funding success.
Findings
The findings reveal that gender is associated with lower start-up funding and lower narcissistic tendencies. This highlights the intricate relationship between gender, narcissism and funding success within the context of high-growth start-ups.
Practical implications
These findings have important implications for investors, policymakers and entrepreneurial educators, suggesting that a nuanced understanding of founders’ psychological traits could enhance funding strategies and start-up support mechanisms.
Originality/value
This research addresses the critical gap in the literature by examining the joint influence of gender and narcissism on funding success in high-growth start-ups. The study contributes to a nuanced understanding of the factors shaping founder psychology and performance dynamics, offering valuable insights for future research in gender, narcissism and start-up success.
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Nancy Forster-Holt and James H. Davis
Miller (2011) revisited his influential 1983 work on entrepreneurial orientation (EO) and remarked that its underlying drivers are fully open to debate, fresh scholarship and…
Abstract
Purpose
Miller (2011) revisited his influential 1983 work on entrepreneurial orientation (EO) and remarked that its underlying drivers are fully open to debate, fresh scholarship and connection with new theories. Indeed, the genealogy of the EO construct is rarely questioned. We take a “making masculinity visible” approach, engaging with a lens of masculinity, precarious manhood theory (PMT) and double standards of competency, to define and test the masculine elements of EO in the setting of family business CEOs.
Design/methodology/approach
Using the 2019 Successful Transgenerational Entrepreneurship Project (STEP) dataset, a comprehensive database of family business chief executive officers (CEOs), we examined the construct of EO, in whole and in its masculine elements. Stepwise multiple regression method was used to test the hypotheses of this study. Control variables entered the equation first, followed by the variable of interest for this study.
Findings
We find differences by gender when EO is tested as a whole construct. Further in testing its masculine dimensions, we find that being male is significant to the elements of autonomy and competitive aggressiveness and that gender is not significant to risk-taking.
Originality/value
Although research on the widespread and influential EO continues to proliferate (Covin and Wales, 2019), there is not an understanding of its applicability across genders (Fellnhofer et al., 2016). It is possible that EO may not explain how women do business. Our study contributes to the understanding of between-gender differences in EO, and our findings suggest that the masculine elements of EO vary by gender.
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Teodoro Luque-Martínez, Luis Doña-Toledo and Nina Faraoni
This study aims to advance the understanding of both the challenges and the priorities facing Spanish universities undergoing the digital transformation era, to identify areas for…
Abstract
Purpose
This study aims to advance the understanding of both the challenges and the priorities facing Spanish universities undergoing the digital transformation era, to identify areas for improvement in university management, from a managerial point of view.
Design/methodology/approach
To analyze the importance and adequacy of various aspects related to digitalization, the authors use the importance–performance matrix, by surveying figures who have or have had a managerial position in the university, such as rectors and vice-rectors.
Findings
The results showed that the priority areas were related to strategic and financial management, knowledge management and the society and environment dimension. It all revealed imbalances, the most important of which were in the areas referring to attracting talent, sources of financing, strategic management and digitalization.
Research limitations/implications
The study could benefit from considering or placing greater emphasis on alternative viewpoints, including those of external experts and administrative managers at public universities.
Practical implications
The practical implications relate to university management. In particular, the study highlights two issues that are a priority: attracting talent and training for university management as well as for data management. It follows from these results that legislative development and public funding should be directed towards adapting the training offer as well as the management structure and processes to the context of digitalization.
Social implications
These results have implications for the public sphere, for decision-making related to the public funding that organizations receive from governments. Indeed, as the empirical results demonstrate, the proposed framework is effective not only in assessing the status of digitalization in the university but also in providing information on the most important aspects that need particular attention to achieve the desired future condition.
Originality/value
The novelty of this study lies in the analysis and evaluation of the digitalization process and how public universities are facing it, from the perspective of university management. Methodologically, the novelty lies in the use of the importance–performance matrix, which not only provides insight into the importance of different aspects to be analyzed but also provides information about their adequacy.
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