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Article
Publication date: 16 July 2024

Sebastian Aparicio, Magnus Klofsten, Maria Noguera and David Urbano

This study aims to evaluate the influence of institutions on the probability of becoming a social entrepreneur and the effect of this choice on individual economic well-being. The…

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Abstract

Purpose

This study aims to evaluate the influence of institutions on the probability of becoming a social entrepreneur and the effect of this choice on individual economic well-being. The authors also analyze the effects of gender (male versus female entrepreneurism) and type (traditional versus social entrepreneurism).

Design/methodology/approach

Institutional economics framed the analysis, and hypotheses were tested using two-stage probit least squares models in a sample of 69,236 individuals from 57 countries during the 2010–2014 wave from the World Values Survey.

Findings

The results showed that, for most variables, institutions significantly explained the probability of becoming a social entrepreneur. The analyses also indicated that social entrepreneurship is highly associated with individual economic well-being.

Originality/value

This research brings insights into the discussion of the social and economic benefits of socially oriented entrepreneurs. Likewise, the modeling approach overcomes the interplay between entrepreneurship and economic outcomes, in which institutions become key factors.

Objetivo

Este estudio evalúa la influencia de las instituciones en la probabilidad de convertirse en un emprendedor social y el efecto de esta elección en el bienestar económico individual. También se analizan los efectos del género (emprendimiento masculino versus femenino) y del tipo (emprendimiento tradicional versus social).

Diseño/metodología/enfoque

La economía institucional es el marco para el análisis e hipótesis, las cuales se evaluaron utilizando modelos probit de mínimos cuadrados de dos etapas (2SPLS) en una muestra de 69.236 personas de 57 países durante la ola 2010–2014 de la Encuesta Mundial de Valores.

Resultados

Los resultados mostraron que, para la mayoría de las variables, las instituciones explicaron significativamente la probabilidad de convertirse en un emprendedor social. El análisis también indicaró que el emprendimiento social está altamente asociado con el bienestar económico individual.

Originalidad

Esta investigación aporta información sobre el debate alrededor de los beneficios sociales y económicos de los emprendedores con orientación social. Asimismo, el enfoque de modelización resuelve la interdependencia entre el emprendimiento y variables económicas, en la que las instituciones son factores claves.

Objetivo

Este estudo avalia a influência das instituições na probabilidade de se tornar um empreendedor social e o efeito desta escolha no bem-estar económico individual. Os efeitos do género (empreendedorismo masculino versus feminino) e do tipo (empreendedorismo tradicional versus social) também são analisados.

Design/metodologia/abordagem

A economia institucional é a estrutura para a análise e hipóteses, que foram avaliadas usando modelos probit de mínimos quadrados em dois estágios (2SPLS) em uma amostra de 69.236 pessoas de 57 países durante a onda 2010–2014 dos Valores Mundiais Pesquisa.

Resultados

Os resultados mostraram que, para a maioria das variáveis, as instituições explicaram significativamente a probabilidade de se tornar um empreendedor social. A análise também indicou que o empreendedorismo social está altamente associado ao bem-estar económico individual.

Originalidade

Esta investigação fornece informações sobre o debate em torno dos benefícios sociais e económicos dos empreendedores de orientação social. Da mesma forma, a abordagem de modelização resolve a interdependência entre o empreendedorismo e as variáveis económicas, nas quais as instituições são fatores-chave.

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Publication date: 23 December 2010

Charlotte Norrman and Magnus Klofsten

In the international arena, there is an ongoing debate over the lack of newly started businesses in general and over how to obtain sustainable growth in these businesses in…

Abstract

In the international arena, there is an ongoing debate over the lack of newly started businesses in general and over how to obtain sustainable growth in these businesses in particular. Policy-makers in Europe have sought to ease this problem of paucity of new firm's start-ups, which is mainly caused by a lack of financial resources for new innovative ideas as problematic (European Commission (2007–2013); Groen, Jenniskens, & van der Sijde, 2005). Consequently, during the latest decade, there has been an increase in the number of public sector financial schemes designed to promote entrepreneurship in very early-stage businesses (COM, 2005, 2006). These efforts have, however, escaped criticism. Those who promote public financing believe that with the right tools and governance this type of support is an important complement to the private sector financial market (Oakey, 2003). However, bankers and venture capitalists often state that the main issue is not the lack of available capital but the inability of entrepreneurs to convince investors of the merits of their business ideas (Mason & Harrison, 2002). There have also been arguments against the socioeconomic efficiency (Storey, 1994).

Details

New Technology-Based Firms in the New Millennium
Type: Book
ISBN: 978-0-85724-374-4

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Article
Publication date: 5 April 2013

Magnus Klofsten and Dylan Jones-Evans

Understanding the factors behind successful enterprise policy interventions are critical in ensuring effective programme development. The aim of this paper is to analyse an…

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Abstract

Purpose

Understanding the factors behind successful enterprise policy interventions are critical in ensuring effective programme development. The aim of this paper is to analyse an academic-industry initiative in Sweden developed to support knowledge-intensive businesses in expanding their operations.

Design/methodology/approach

This paper describes a case study of a specific policy intervention to facilitate further business growth and development. Since 1986, 490 individuals from 194 companies have attended the Business Development Programme (BDP) organised by Linköping University. Through analysing interviews with participants on the programme, the paper examines the origins and motivations behind its creation, management and development.

Findings

This study finds that future policy interventions in enterprise development must cultivate an open style of learning, similar to the principles of open innovation, which engages directly with the participants, is based on a process of informality and flexibility, reflects the needs of the business and includes engaged programme leadership based on a successful entrepreneurial track record.

Practical implications

The programme has succeeded through an informal, flexible and needs-orientated approach that essentially reflects the needs of the participating businesses.

Originality/value

Interventions that are targeted towards supporting established businesses could help to create wealth and employment. However, understanding the factors behind such interventions is critical in ensuring that policymakers design the most relevant programmes to assist support businesses that have the potential to grow.

Details

European Journal of Training and Development, vol. 37 no. 3
Type: Research Article
ISSN: 2046-9012

Keywords

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Book part
Publication date: 15 June 2015

Inessa Laur

This chapter aims to enrich knowledge about cluster initiatives acting as intermediaries primarily between members in a cluster or in regional context. This is a practically…

Abstract

This chapter aims to enrich knowledge about cluster initiatives acting as intermediaries primarily between members in a cluster or in regional context. This is a practically oriented manuscript written to contribute to refinement of existing policies by proposing recommendations based on recent empirical studies regarding funding, actors’ and activities’ content, as well as cluster initiatives’ assessment. It is proposed that public support should be balanced, targeting new as well as established, well-functioning cluster initiatives. Furthermore, regional authorities should encourage multifaceted collaboration (e.g., Triple Helix), stimulate variation in activities to maximize the benefit of cluster initiatives as well as define and communicate success factors that make it possible to evaluate cluster initiatives from a holistic perspective. These recommendations are primary aimed for regional authorities and reflect a bottom-up perspective where both logic of initiatives’ actions and their development are captured. Yet, even national authorities can make use of the recommendations in this chapter to improve governance of cluster initiatives and to determine further directions of regional policies.

Details

New Technology-Based Firms in the New Millennium
Type: Book
ISBN: 978-1-78560-032-6

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Book part
Publication date: 1 January 2008

Magnus Klofsten

There is growing worldwide interest in entrepreneurship and new business development. This has become particularly widespread in Sweden during the last 10 years. We see more and…

Abstract

There is growing worldwide interest in entrepreneurship and new business development. This has become particularly widespread in Sweden during the last 10 years. We see more and more professorships in entrepreneurship at our universities, new credit-bearing courses on entrepreneurship are emerging and different training programmes for those who want to start new firms are being developed. Among established firms, we are also seeing much activity, for example Swedish firms such as Ericsson, Telia and Saab have in recent years instituted activities to stimulate fresh ideas through intrapreneurship and take advantage of the energy and ideas of individuals involved in the day-to-day operation of their businesses. The trend is clear — the number of initiatives aimed at stimulating the entrepreneurial behaviour of individuals is growing.

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New Technology-Based Firms in the New Millennium
Type: Book
ISBN: 978-0-0805-5448-8

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Article
Publication date: 1 August 2000

Magnus Klofsten

In Sweden today there are many initiatives to stimulate individuals to act in an entrepreneurial manner, including professorships in entrepreneurialism at universities, new…

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Abstract

In Sweden today there are many initiatives to stimulate individuals to act in an entrepreneurial manner, including professorships in entrepreneurialism at universities, new courses and training programmes, while firms such as Ericsson, Telia and Saab have established “innovation units” to stimulate new ideas and utilize the energy and ideas of their employees. The purpose of this article is to describe and analyse such an initiative: the Entrepreneurship and New Business Development Programme (the ENP‐programme) for the training of individuals in the start‐up of new technology‐based or knowledge‐intensive enterprises. The model has been developed by the Centre for Innovation and Entrepreneurship at Linköping University and a private network of enterprises. This article begins with a comprehensive discussion on what characterises entrepreneurs and what implications this has in the training of individuals. Subsequently, the ENP‐programme, feedback from the participants in the programme, and what characterises a successful entrepreneurship programme are presented.

Details

Journal of European Industrial Training, vol. 24 no. 6
Type: Research Article
ISSN: 0309-0590

Keywords

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Article
Publication date: 1 February 2012

Adli Abouzeedan, Magnus Klofsten and Thomas Hedner

Small to medium‐sized enterprise (SME) evaluation models lack a clear coupling to innovation and its impact on firm performance. A model which can achieve this is the Survival…

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Abstract

Purpose

Small to medium‐sized enterprise (SME) evaluation models lack a clear coupling to innovation and its impact on firm performance. A model which can achieve this is the Survival Index Value (SIV) model. The purpose of this paper is to demonstrate the ability of the SIV model to indicate and predict the performance of a company. The firm, Autoadapt AB, is an innovation‐oriented enterprise, adapting personal cars to be driven by handicapped people. The authors knew in advance about the good performance of the firm and its high efficiency in conducting its operations and expected the SIV model to reflect correctly on Autoadapt's performance. Because the handicap degree of each of the individuals who benefit from the firm activities differs from one person to another, product solutions have to be individually designed. Therefore the firm has had to pursue a high level of innovativeness and it had to abide with this policy right from the start. The product development processes in the firm needed to adapt to such strategies.

Design/methodology/approach

To be able to demonstrate the ability of the SIV model to indicate a positive performance due to the intensive innovation activities of Autoadapt AB, a case study approach was used. Case studies are very suited for in‐depth analysis of an object under a longer period of time. It is a widely‐used research method in firm performance studies.

Findings

The results of the SIV analysis indicated that the model is able to project correctly the performance of the object firm. At all the four levels of analysis, i.e. SI values, the SPI slope, the survival factors, and the survivability coefficients, the SIV analysis performance indicated a stable positive development of the firm through the life time of the enterprise.

Originality/value

Measuring performance of SMEs is an important issue. There are couple of models stemming from the traditional accountancy disciplines in use; however these models suffer from clear disadvantages. Recently a new model, the SIV model, was introduced and has shown the ability of being a better candidate for performance analysis. The paper demonstrates the ability of the SIV model to judge correctly the performance of an innovative firm.

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Book part
Publication date: 4 January 2012

Magnus Klofsten and Staffan Öberg

This chapter focuses on two major concepts in entrepreneurship training, namely coaching and mentoring. A study of these concepts reveals at least two schools of thought, that…

Abstract

This chapter focuses on two major concepts in entrepreneurship training, namely coaching and mentoring. A study of these concepts reveals at least two schools of thought, that coaching and mentoring are two parallel and distinct activities that can be used to support each other, and that coaching and mentoring are not separate activities — coaching is considered part of the mentoring activity or mentoring part of the coaching activity. Data from 36 university-based training programmes and 450 coaching and mentoring cases at 7 Swedish universities were analysed. We used a checklist to gather information on 21 items linked to these 4 distinctive groups: first structural issues (mission, form and task); second, process issues (i.e. connection to programme content, meeting environment, problem solving, assessing the opportunity or idea, operative role, confidentiality and networking); third relationship (i.e. extent, meeting, initiative, homework, documentation and follow-up) and fourth character of the coach and mentor (background and experience, engagement, integrity, social skills and role or ethics).

Coaching and mentoring differed markedly, for example in terms of mission, problem solving and use of generalist versus specialist competence. Similarities occurred in the areas of opportunity or idea assessment, and meeting environment, operative role and confidentiality agreements. The authors are convinced that the coach and the mentor have different roles in helping the young individual to become a better entrepreneur. Coaching and mentoring were found to be parallel activities that complement each other.

Details

New Technology-Based Firms in the New Millennium
Type: Book
ISBN: 978-1-78052-118-3

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Book part
Publication date: 18 February 2013

Sven H. De Cleyn, Johan Braet and Magnus Klofsten

Today's academic literature on new technology-based firms is rather growth and success-oriented, despite the fact that many valuable lessons can be learned from failures. This…

Abstract

Today's academic literature on new technology-based firms is rather growth and success-oriented, despite the fact that many valuable lessons can be learned from failures. This study aims at contributing to our understanding of failure processes by documenting five case studies of spin-offs that originated from European universities. Within the framework of the resource-based view of the firm and social capital theory, the venture's resource base is used as a central element in explaining the failures through the presence or absence of certain resources or by inappropriate application. The analysis mainly illustrated the negative influence of the lack of a champion, poor market development, the absence of market(ing) experience in the venture team and an unbalanced shareholder structure. The relatively small financial base seems rarely to be the main issues in the failure process.

Details

New Technology-Based Firms in the New Millennium
Type: Book
ISBN: 978-1-78190-315-5

Keywords

Available. Content available
Book part
Publication date: 4 January 2012

Abstract

Details

New Technology-Based Firms in the New Millennium
Type: Book
ISBN: 978-1-78052-118-3

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