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1 – 10 of 14The purpose of this paper is to propose that an unprecedented revolutionary change in the structure of the US economy warrants attention to the internal structures, cultures and…
Abstract
Purpose
The purpose of this paper is to propose that an unprecedented revolutionary change in the structure of the US economy warrants attention to the internal structures, cultures and strategies. Consequently, it is argued that for businesses, especially large industrial establishments (LIEs), to survive and prosper in the new and emerging economic order, they must aggressively redesign their organizational environments as a business incubator to leverage new and emerging social and economic opportunities in the development and commercialization of new products, new processes, and new business models, among others. These strategic goals and objectives require firms to pursue leverage creativity, innovation, and entrepreneurship as well as embrace and adopt business incubation as strategy.
Design/methodology/approach
The paper attempts to make business incubation a strategy not only for new and emerging technology‐driven firms but also for large industrialized corporations. In addition, it argues that, in the new economy, creativity, innovation and entrepreneurship should not be the exclusive routine or practice of only small firms but should also be a part of large corporations if they are to survive and prosper in the new economy.
Findings
Future research may develop testable hypotheses to validate claims and assertions. The last couple of decades have witnessed unprecedented revolutionary change in the structure of the US economy. Whether it is called the “entrepreneurial economy” or the “new economy”, entrepreneurship, innovation and creativity have become the hallmark of economic and business prosperity.
Practical implications
These concepts should hopefully encourage managers to view their organizations as business incubators on the basis of certain enabling structures, cultures (values, beliefs, norms, etc.) and policies and strategies that may either unleash and leverage creativity, innovation and entrepreneurship or inhibit them. After thinking about their organizations in terms of a business incubator, managers, hopefully, will craft business incubation strategies – programs, activities, and events that will bring a community orientation and collective action to existing product improvements, new product developments and the commercialization agenda via creativity, innovation and entrepreneurship.
Originality/value
Business incubators have traditionally been recognized as new organizational forms for promoting entrepreneurship and stimulating new business formation. Similarly, business incubation programs, activities, and events have routinely been perceived as being beneficial to entrepreneurs, start‐ups, and small business. It is possible that no one so far has conceptualized and endogenized the firm as a business incubator and business incubation as strategy.
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Paul Ingram, Jiao Luo and Joseph P. Eshun
It is now widely accepted that the institutional interventions of states are a foundational influence on the dynamics of organizational forms. But why do states act? In this…
Abstract
It is now widely accepted that the institutional interventions of states are a foundational influence on the dynamics of organizational forms. But why do states act? In this chapter, we apply the behavioral theory of the firm to develop an explanation of state actions based on the fact that they are boundedly rational rivals. The instrument of state competition we examine is the founding of business incubators, a primary tool in the entrepreneurial strategy of economic development. We predict that business incubators are more likely to be founded in a state when (1) the state falls behind comparable states in the indicators of economic development; (2) the state falls behind its own historical trajectories of economic development; (3) the state has slack resources in the form of budget surpluses; (4) comparable and rival states adopt incubators as a development strategy. Our analysis of incubator foundings in New York, New Jersey, and Pennsylvania throughout 1980–2004 supports all of these propositions.
Hanadi Mubarak Al‐Mubaraki and Michael Busler
Purpose: To identify the strengths, weaknesses, opportunities and threats of business incubator models and their potential use in worldwide. Methodology: We studied two…
Abstract
Purpose: To identify the strengths, weaknesses, opportunities and threats of business incubator models and their potential use in worldwide. Methodology: We studied two international cases: (a) United States, (b) United Kingdom. Findings: The results highlight the similarities and differences between the countries. It adds knowledge for both academics and practitioners who are interested in business incubation. Value: This paper is the first to utilize the SWOT technique to analyze the business incubation field and provides recommendations to implement successful adoption of the incubator’s strengths. The potential of Business Incubators who act as models in worldwide and their contribution to the economy, the active role they play in the local, regional and national economic development are discussed. Implications: Adaptation of a Business Incubator Model leads to (1) the support of diverse economies, (2) the commercialization of new technologies, (3) job creation and (4) increases in wealth, given that weaknesses can be overcome.
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Reviews the latest management developments across the globe and pinpoints practical implications from cutting‐edge research and case studies.
Abstract
Purpose
Reviews the latest management developments across the globe and pinpoints practical implications from cutting‐edge research and case studies.
Design/methodology/approach
This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context.
Findings
Business incubation can create the sort of atmosphere in which, through incentives and awards, an organization's entire environment – its culture, structure and strategy – can be transformed. With those changes in place, entrepreneurialism, creativity and innovation can flourish, and the organization can prosper socially and economically.
Practical implications
Provides strategic insights and practical thinking that have influenced some of the world's leading organizations.
Originality/value
The briefing saves busy executives and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy‐to digest format.
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Oliver Mtapuri, Joseph Daitai, Mark Anthony Camilleri and Anna Dluzewska
The tourism industry may result in positive as well as negative effects for local communities. Although it is generating economic growth and job creation in different parts of the…
Abstract
The tourism industry may result in positive as well as negative effects for local communities. Although it is generating economic growth and job creation in different parts of the world, it can impact on sociocultural and ecological dimensions of destinations. A high influx of tourists can disrupt the residents' attitudes, behaviors, and their quality of life. It can also lead to the degradation of natural environments, including land, air, water, plants, and animals. In this light, this research raises awareness about the importance of managing tourism in a sustainable and responsible manner. The researchers deliberate about the opportunities and challenges of tourism. Afterward, they focus on the implementation of sustainable tourism development activities in the South African context. In conclusion, they put forward their recommendations for policymakers.
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The purpose of this paper is to examine the macro-, meso- and micro-level approaches to building sustainability in Ghana's timber, cocoa and goldmining industries s Ghana works to…
Abstract
Purpose
The purpose of this paper is to examine the macro-, meso- and micro-level approaches to building sustainability in Ghana's timber, cocoa and goldmining industries s Ghana works to align sustainability efforts with the sustainable development goals proposed by the United Nations.
Design/methodology/approach
Using qualitative content analysis, a synthesis of contemporary literature on Ghana's timber, cocoa and gold mining industries was conducted to provide a descriptive evaluation of sustainability efforts in those industries.
Findings
At the macro-level, Ghana continues to invest in infrastructure, privatize industries and develop an urban development agenda to encourage foreign direct investment (FDI); improved forest management and green building policies and reduction of galamsey are also implemented. At the meso-level, the timber industry encourages land reclamation and green building technologies; the cocoa industry works to replenish lost trees, develop supply-chain partnerships, and encourage certifications; the goldmining industry works to regulate informal mining and reduce galamsey and the use of toxins in exploration. At the micro-level, alignment has developed between the micro- and meso-levels in the timber and cocoa industries, whereas micro-level players in the timber industry are less successful, given its large, unregulated informal sector.
Originality/value
Existing literature is missing discussion on the alignment of macro-, meso- and micro-level approaches to sustainability in Ghana's timber, cocoa and gold mining industries with attention to the United Nations' Sustainable Development Goals as the premise for the work.
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Augustine Senanu Komla Kukah, De-Graft Owusu-Manu, Edward Badu, David J. Edwards and Eric Asamoah
Public-private partnership (PPP) power projects are associated with varying risk factors. This paper aims to develop a fuzzy quantitative risk allocation model (QRAM) to guide…
Abstract
Purpose
Public-private partnership (PPP) power projects are associated with varying risk factors. This paper aims to develop a fuzzy quantitative risk allocation model (QRAM) to guide decision-making on risk allocation in PPP power projects in Ghana.
Design/methodology/approach
A total of 67 risk factors and 9 risk allocation criteria were established from literature and ranked in a two-round Delphi survey using questionnaires. The fuzzy synthetic evaluation method was used in developing the risk allocation model.
Findings
The model’s output variable is the risk allocation proportions between the public body and private body based on their capability to manage the risk factors. Out of the 37 critical risk factors, the public sector was allocated 12 risk factors with proportions = 50%, while the private sector was allocated 25 risk factors with proportions = 50%.
Originality/value
To the best of the authors’ knowledge, this research presents the first attempt in Ghana at endeavouring to develop a QRAM for PPP power projects. There is confidence in the model to efficiently allocate risks emanating from PPP power projects.
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Suhaiza Ismail and Zuhudha Rasheed
This paper aims to identify the influence of personal factors on the ethical judgement of future accountants in Malaysia. In particular, there are two research objectives for this…
Abstract
Purpose
This paper aims to identify the influence of personal factors on the ethical judgement of future accountants in Malaysia. In particular, there are two research objectives for this study: first, to investigate the influence of ethical ideology on the ethical judgement of accounting students and second, to investigate the influence of emotional intelligence (EI) on ethical judgement.
Design/methodology/approach
The respondents of the study were final year undergraduate accounting students from three public universities in Malaysia. A survey questionnaire comprising instruments about ethical ideology, EI and ethical judgement was distributed. A total of 205 responses were received and were deemed as useable. To achieve the research objectives, multiple regression was performed.
Findings
The findings indicate that idealism and EI have a positive influence on the ethical judgement. In contrast, the study discovered that relativism influences ethical judgement negatively.
Originality/value
This study fills the research gap as research on personal factors on the ethical judgement of future accountants is very limited and scarce. It gives insights to the various parties concerning how to enhance ethical judgement among future accountants, which ultimately will improve the credibility of the accounting profession.
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Ahmed Adel Tantawy, Joseph Amankwah-Amoah and Pushyarag Puthusserry
This paper identifies the development of and gaps in knowledge in various management disciplines, including international marketing in relation to political ties in emerging…
Abstract
Purpose
This paper identifies the development of and gaps in knowledge in various management disciplines, including international marketing in relation to political ties in emerging markets, based on a systematic review of the related literature. The paper develops a synthesized integrative framework and provides a research agenda and pathways for future research.
Design/methodology/approach
The study adopts the systematic literature review protocol to investigate the ways in which political ties have been examined in the management literature in various disciplines, such as international business, marketing, entrepreneurship, strategy, innovation, and organization. In total, 114 articles published in peer-reviewed journals from 2000 to 2022 were analyzed.
Findings
The authors believe that studying the impact of political ties on firm outcomes is timely and important as interest in this area of research is growing rapidly. The review reveals that the diverse conceptual and methodological approaches adopted in different management disciplines have resulted in inconclusive and mixed findings on the relationship between political ties and performance.
Originality/value
This is one of the few systematic literature reviews of political ties and firm performance in emerging markets. The authors clarify some of the ambiguities around the subject and offer a path forward for developing current understanding and insights. The study also highlights the major perspectives in management and clarify the similarities and differences in the conceptualization of political ties. In addition, the authors develop an integrative framework of the political ties–performance link in emerging markets.
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