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This chapter provides a historical overview of European colonialism, detailing how nations like Portugal, Spain, and the Netherlands began their colonial endeavors in the 15th and 16th centuries, driven by exploration and trade motivations. These nations established vast empires through maritime exploration, setting up trading posts and colonies in Africa, Asia, and the Americas. The chapter outlines these early powers’ distinct colonial practices and legacies, highlighting Portugal’s focus on Brazil, Spain’s exploitation in the Americas, and the Netherlands’ trading empire. The chapter also examines the later colonial efforts of France and Britain, which became prominent in the 17th and 18th centuries. These countries utilized different methods, including the encomienda system and casta hierarchy in Spanish colonies, and the civilizing mission and divide-and-rule tactics in British colonies. The chapter discusses how these practices were justified through ideologies of racial superiority and the civilizing mission, deeply embedding racism and social hierarchies into colonial rule. Additionally, the chapter addresses the colonial ventures of Denmark, Sweden, Italy, Belgium, and Germany. It covers Denmark’s settlements in the Caribbean and Greenland, Sweden’s short-lived colonies and involvement in the slave trade, Italy’s brutal regime in Africa, Belgium’s horrific exploitation of the Congo under King Leopold II, and Germany’s late but impactful colonial period marked by the Herero and Nama genocide.

Gen Z, the largest and fastest-growing consumer generation, is transforming the hospitality industry as both customers and employees. By critically synthesizing empirical literature, this study aims to explore how this generation’s distinct behaviors are reshaping customer expectations and workforce trends within the sector.

A critical synthesis of empirical studies was used to examine current research on Gen Z as customers and employees in the hospitality industry.

Gen Z exhibits distinct preferences and expectations in their dual roles as customers and employees, prompting substantial shifts in hospitality industry standards and practices. They rely heavily on digital channels and peer recommendations when making travel decisions and expect highly personalized, tech-enabled experiences. This young cohort of travelers values unique, authentic and sustainable offerings. As employees, Gen Z prioritizes flexible work arrangements, career growth and workplaces aligned with sustainability, diversity and social responsibility. Hospitality providers must adapt their customer experience, marketing and HR strategies to meet these evolving demands.

To engage Gen Z customers and employees in the hospitality industry effectively, businesses must prioritize personalized experiences, leverage technology and adopt sustainable practices aligned with Gen Z’s social and environmental values. Moreover, offering adaptable work environments with remote opportunities and investing in professional development enhances appeal for Gen Z employees. Understanding Gen Z’s values and behaviors can help businesses improve customer satisfaction, attract top talent and remain competitive in a rapidly evolving market.

This study represents a preliminary endeavor to provide a critical assessment of Gen Z in the hospitality and tourism sector, offering novel insights into their travel behaviors, preferences and work values. It explores their expectations, attitudes toward work and career choices, offering guidance on how businesses can meet the evolving demands of this key demographic.

Evaluating and exploiting an opportunity is an iterative process, and one of the triggers for the re-evaluation is the feedback received from stakeholders. Most of the time, the feedback comes in the form of harsh comments, criticisms and rejections, which can cause shame. There is also a lack of studies on the impact of shame on the decision-making ability of the entrepreneur, which is addressed through this study.

The study uses an experimental design, which is considered the “gold standard” in establishing causality. By manipulating the emotions of 107 entrepreneurs and making them assess a hypothetical opportunity, the study finds conclusive evidence for the proposed hypotheses.

Using the appraisal tendency framework, the authors show that shame makes an entrepreneur assess an opportunity as lower in desirability and feasibility. Shame also makes an entrepreneur give more significant weight to feasibility (over desirability) when deciding on entrepreneurial action.

The study provides strong empirical evidence that shame is an important emotion and influences the decision-making ability of the entrepreneur. The study reveals that important stakeholders assessing entrepreneurs need to be careful about how they provide feedback. Since the emotion it can elicit has a bearing on the subsequent decisions made by the entrepreneur.

This study aims to understand the factors influencing university students’ entrepreneurial intentions in a rapidly developing entrepreneurial country.

A cross-sectional survey of 324 Emirati students was conducted. Using a structural equation analysis, the study identified strong associations between positive attitudes, self-efficacy, perceived university and country-level support for entrepreneurship and entrepreneurial intention. However, the relationship between social norms and intention was not direct, but an indirect relationship was found when coupled with self-efficacy and attitudes.

The findings suggest that increasing public awareness and promoting entrepreneurship as a viable career option will significantly impact students’ entrepreneurial intentions in the UAE. Furthermore, providing practical educational and resource opportunities can facilitate the process of starting a business.

This study contributes to entrepreneurship research by providing a unique perspective on the interrelationships among social, government and economic influences in an entrepreneurial context.

In this chapter, we review the historical development of elite theory, and then we propose a way forward beyond it. Elite theory emerged as a critique of democracy in the late 19th century. Although it used historical materials illustratively, it tended to be ahistorical theoretically because its primary aim was to demonstrate the perdurance of elites even in conditions of mass suffrage. Lachmann was the first scholar to develop elite theory as a truly historical and explanatory framework by combining it with elements of Marxism. Even Lachmann's theory, however, remained inadequate because it did not rest on a fully articulated theory of power. In this introduction, we suggest a “relational power theory” as a remedy to this situation, and we use it to formulate a general heuristic for the study of elites, nonelites, and their interrelationships. To illustrate its utility, we show how it can illuminate the chapters in this volume (though they were not necessarily written for these purposes).

While numerous studies have focused on the economic impact of technical changes made to anaerobic digestion plants, there is limited understanding of the overall economic and financial performance of the biogas production units. This study aims to analyse the economic and financial performance of the biogas production sector over a 5-year period using various accounting indicators.

The research is based on an examination of financial data of French biogas units over a five-year period (2015–2019). Following a research protocol detailed in the study, 334 units were studied: 192 projects run by farmers, 83 projects run by industrial companies and 59 run by a mixed partnership (farmers, local authorities, and industry).

This study reveals that biogas production is performing well both economically and financially, but the performance varies depending on the type of producer: farmers better perform from an economic point of view, while industrialists are looking for financial profitability. Farmers exploit their competitive advantage based on waste disposal. Industrialists offset this disadvantage by a better ability to raise funds to negotiate payment terms and interest rates.

The originality of the study lies in its business approach. It completes the energy efficiency one which is more usual in energy sector management publications. Additionally, the study spans a five-year period, providing a longitudinal perspective of companies’ economic and financial performance. Furthermore, the data is sourced from reliable government sources.

This article presents a history of the visual merchandising of American firearms from the mid-19th century until the present day. Although the scholarly literature has investigated visual representations of guns in advertising and popular media, it has paid far less attention to how sellers have displayed these objects at or near the point of purchase.

Primary sources include frescoes, engravings and photographs, plus papers, advertising and illustrations in popular newspapers and trade magazines. These and other period visual data are supplemented by secondary sources from a variety of fields, especially retailing and firearms history.

Evidence shows that American firearms were merchandised visually by Samuel Colt at three world expositions in the 1850s, by gunmakers and retailers in the latter 19th century, by Winchester and Remington dealers in the 1920s and 1930s, by high- and low-end retailers in New York in the first half of the 20th century and by gun stores, auctions and shows up to the present day.

The history of visual merchandising generally has focused upon major department stores, their alluring street-front windows and their fancy interior displays. This research explores past and present visual merchandising of firearms by manufacturers and smaller retailers. To the best of the author’s knowledge, it is the first such history of the subject.

Entrepreneurial action under uncertainty has captured the interest of scholars and practitioners alike. However, this growing body of research has yet to connect entrepreneurial action with actual actions of entrepreneurs. We combine insights from effectuation theory and the psychology of entrepreneurship to investigate drivers of entrepreneurial actions involved in starting and running ventures, particularly optimism, self-efficacy and the use of causal and effectual logics.

The study employs a unique mixed-method approach combining a survey with experience sampling data. After measuring demographics, preference for effectual or causal logics and psychological variables, the 197 US entrepreneurs sampled entrepreneurs logged their daily actions in the form of asks during 60 consecutive days.

Results suggest that self-efficacy and causal logics are key drivers of entrepreneurial actions, while optimism serves as a deterrent. Interestingly, the impact of self-efficacy on actions is moderated by the entrepreneur’s experience level, measured both in years and past asking experience.

The potential of the ask as the basic mechanism for entrepreneurial actions is explored. Based on the findings, the authors offer new and fertile insights by linking psychological traits to entrepreneurial actions, causal and effectual logics and entrepreneurial expertise development.