Pavan Kumar Sala, Simon P. Philbin and Safia Barikzai
As part of the entrepreneurial journey, high-tech entrepreneurs are faced with the need to develop a competitive value proposition and leverage emerging technology to strengthen…
Abstract
Purpose
As part of the entrepreneurial journey, high-tech entrepreneurs are faced with the need to develop a competitive value proposition and leverage emerging technology to strengthen the value proposition. Entrepreneurial pivoting can be adopted to address this requirement since it enables the startup to validate and refine the company’s strategy and business model. Therefore, this research study provides an empirical investigation of the pivoting concept explained in the context of the lean startup approach (LSA) and technology entrepreneurship to improve the understanding of the entrepreneurial journey for high-tech entrepreneurs.
Design/methodology/approach
A qualitative research method was conducted by interviewing 30 high-tech entrepreneurs across the United Kingdom to validate the theories behind the LSA and identify new insights on entrepreneurial pivoting.
Findings
The research study has validated the existing types of pivots and identified two new pivots (giving 16 in total). The study has validated the existing 11 factors that trigger a tech startup to change its direction and identified three new factors (giving 14 in total). The research study also determined that there can be a domino effect in pivoting and the value proposition can be created and sustained through pivoting.
Originality/value
This study provides empirical evidence on pivots and the factors associated with pivots. Furthermore, it helps in understanding the influence of the phases of technology entrepreneurship on pivoting. The study also discusses the challenges faced by tech startups while pursuing pivots, the domino effects in pivoting and has found evidence that pivoting eventually leads to achieving the desired results.
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Poonam Sahoo, Pavan Kumar Saraf and Rashmi Uchil
The banking sector is more revolutionized than ever, with advanced technologies driving a seismic change in the financial industry. This study aims to understand how digital…
Abstract
Purpose
The banking sector is more revolutionized than ever, with advanced technologies driving a seismic change in the financial industry. This study aims to understand how digital technologies influence banking sector employees and their perception of working in an era of Banking 4.0.
Design/methodology/approach
This study incorporated qualitative analysis to gain different insights from diverse respondents from banking industries. A purposive sampling method was adopted, and semistructured interviews were conducted, taking a sample of 72 respondents. All the transcripts were then analyzed using NVivo.
Findings
The findings focus on challenges related to understanding technology phenomena, managing changes, infrastructure, skills, competitiveness and regulatory mechanisms. This is further followed by the favorable impact of Banking 4.0 on employees and future avenues, such as innovation in financial services, work productivity, career opportunities and change management, banking 4.0 and banking 5.0, and banking 4.0 management strategies identified as the significant findings.
Practical implications
This study provides guidelines for Banking 4.0 provision strategy and conceptual reference toward the development of Banking 4.0. It also supports the Enhanced Access and Service Excellence 4.0 program, driven by the Indian Bank’s Association, to focus more on digitization, automation and data analytics.
Originality/value
The novelty of this research provides a qualitative hierarchy of significant challenges, favorable impacts and future research avenues of Banking 4.0 in the Indian banking sector.
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Poonam Sahoo, Pavan Kumar Saraf and Rashmi Uchil
The purpose of the paper is to identify existing and common critical success factors adapted for implementing Industry 4.0 technology, which is essential to survive in the…
Abstract
Purpose
The purpose of the paper is to identify existing and common critical success factors adapted for implementing Industry 4.0 technology, which is essential to survive in the vulnerability, uncertainty, complexity and ambiguity (VUCA) environment by using systematic literature review (SLR) methodology with the preferred reporting items for systematic reviews and meta-analyses (PRISMA) and content analysis strategy.
Design/methodology/approach
The SLR methodology with the PRISMA and content analysis strategy adapted to review 74 papers in peer-reviewed academic journals and industry reports published from 2014 to 2021.
Findings
Based on a review of relevant literature, two theoretical contributions have been added to the literature on Industry 4.0. First, this review reveals that 35 (47%) out of total 74 studies assessing the Industry 4.0 implementation in the manufacturing industry, the service industry can also create value through Industry 4.0 implementation, with a lot of potential to increase productivity, which literature has not explicitly focused on. Second, this paper proposes the 12 most common critical factors (training and development, organizational culture, top management support, organizational structure, innovation capability, technological infrastructure, security system, standardization of procedures, financial resources, communication and cooperation, change management and governance) that can be considered as the significant critical factors for successful implementation of Industry 4.0.
Originality/value
The novelty part related to methodological perspective by using the PRISMA approach for systematic review, which cannot be found extensively in existing literature in the context of the Industry 4.0 phenomenon to analyze critical factors.
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Sara Alonso-Muñoz, Fernando E. García-Muiña, María-Sonia Medina-Salgado and Rocío González-Sánchez
This study aims to offer a research overview of circular food waste management, covering key themes and trends. It analyses state-of-the-art research in this field and proposes an…
Abstract
Purpose
This study aims to offer a research overview of circular food waste management, covering key themes and trends. It analyses state-of-the-art research in this field and proposes an agenda to guide future research.
Design/methodology/approach
This study outlines bibliometric analysis from a sample of 349 articles with VOSviewer and SciMat software to identify research trend topics.
Findings
The findings reveal a substantial amount of interest in this field. The main research topics relate to the recovery processes and valorisation of food waste and its conversion into renewable and cleaner materials or energy sources, towards circularity. However, these processes require consideration of social aspects that facilitate their implementation, which are currently under-researched.
Practical implications
Companies can target their circular food waste management by considering three key aspects. Firstly, the establishment of closer and more sustainable relationships with various stakeholders; Secondly, a regulatory framework and the support of institutions are both required for the correct implementation of circularity. Finally, what is not measured does not exist. It is therefore necessary to establish indicators to measure both the level of development of circularity in waste management and the fulfilment of the established objective.
Originality/value
This bibliometric analysis looks at the application of circularity principles in food waste management from a holistic perspective, considering different areas of knowledge.
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Irune Gómez Pescador and Paula Arzadun
The purpose of this paper is to examine the overall state and trends of the SDGs concerning business model backgrounds. Since the adoption of the 2030 Agenda for Sustainable…
Abstract
Purpose
The purpose of this paper is to examine the overall state and trends of the SDGs concerning business model backgrounds. Since the adoption of the 2030 Agenda for Sustainable Development by the United Nations in 2015, encompassing the 17 Sustainable Development Goals (SDGs), there has been a substantial increase in publications highlighting the contributions of the SDGs. Recent research underscores the pivotal role of business models and management frameworks in advancing the SDGs. However, key information, such as theoretical approaches, the most influential authors, journals, articles, and keywords, has yet to be fully determined. To address this gap, a comprehensive analysis was conducted on 167 high-impact articles in the relevant field.
Design/methodology/approach
This study uses a mixed-method approach, combining quantitative bibliometric analysis (performance analysis and science mapping) with qualitative content analysis.
Findings
Bibliographic coupling analysis has illuminated the intellectual structure of the literature connecting SDGs and business models, revealing six primary clusters: frameworks, management systems and reporting tools; sustainable business models (SBMs); circular business models; stakeholder and community involvement, industrial ecology and consumption; inclusive and responsible innovation; and sharing and collaborative economy business models. For Ibero-America, these findings highlight both opportunities and challenges. While there is notable progress in advancing SBMs, the analysis also points to a lack of interlinkages between countries, suggesting potential barriers to knowledge exchange and collaborative innovation within the region.
Research limitations/implications
For Iberoamerica, these findings highlight both opportunities and challenges. While there is notable progress in advancing SBMs, the analysis also points to a lack of interlinkages between countries, suggesting potential barriers to knowledge exchange and collaborative innovation within the region.
Practical implications
The practical implications of this research are manifold. The identification of prolific authors such as Di Vaio, Palladino and Hassan, and leading journals such as Sustainability andJournal of Cleaner Production, underscores the importance of these sources for practitioners seeking to understand the intersection of SDGs and business models. The prominence of Spain and Italy, along with key institutions such as the University of Naples Parthenope and the Polytechnic University of Madrid, highlights regions and organizations that are at the forefront of this research. Practitioners can look to these sources for insights into effective strategies and frameworks for integrating SDGs into business practices. The prominence of certain clusters, such as SBMs and circular economy, suggests areas where businesses can focus their efforts to align with sustainable practices and leverage innovations in the field.
Originality/value
This study offers valuable insights into the evolving relationship between business models and the achievement of SDGs and proposes a novel research agenda for exploring this dynamic in Iberoamerica.
Objetivo
Desde la adopción de la Agenda 2030 para el Desarrollo Sostenible por las Naciones Unidas en 2015, que incluye los 17 Objetivos de Desarrollo Sostenible (ODS), ha habido un aumento significativo en las publicaciones que destacan las contribuciones de los ODS. La investigación reciente subraya el papel fundamental de los modelos de negocio y de gestión en el avance de los ODS. Sin embargo, el estado de situación y las tendencias sobre los ODS en relación con los modelos de negocio siguen siendo inciertos, y aún no se ha determinado información crucial como los autores, revistas, artículos, palabras clave y enfoques teóricos más influyentes. Para abordar esta brecha, se realizó un análisis exhaustivo de 167 artículos de alto impacto en el campo relevante.
Diseño/metodología/enfoque metodológico
Este estudio emplea un enfoque de métodos mixtos, combinando análisis bibliométrico cuantitativo (análisis de rendimiento y mapeo científico) con análisis cualitativo de contenido.
Resultados
El análisis de acoplamiento bibliográfico permitió descubrir la estructura intelectual de la literatura que conecta los ODS y los modelos de negocio, revelando seis grupos principales: (1) Esquemas y modelos de gestión, y herramientas de informes; (2) Modelos de negocio sostenibles; (3) Modelos de negocio circulares, (4) Participación de los grupos de interés y de la comunidad, ecología industrial y consumo, (5) Innovación inclusiva y responsable, (6) Modelos de negocio de economía colaborativa.
Para Iberoamérica, estos hallazgos destacan tanto oportunidades como desafíos. Aunque hay un progreso notable en el avance de los modelos de negocio sostenibles, el análisis también señala la falta de interconexiones entre los países, sugiriendo barreras potenciales para el intercambio de conocimientos y la innovación colaborativa en la región.
Originalidad/valor
Este estudio ofrece valiosas perspectivas sobre la relación evolutiva entre los modelos de negocio y el logro de los Objetivos de Desarrollo Sostenible (ODS), y propone una nueva agenda de investigación para explorar esta dinámica en Iberoamérica.
Objetivo
Desde a adoção da Agenda 2030 para o Desenvolvimento Sustentável pelas Nações Unidas em 2015, que engloba os 17 Objetivos de Desenvolvimento Sustentável (ODS), houve um aumento substancial nas publicações destacando as contribuições dos ODS. Pesquisas recentes enfatizam o papel fundamental dos modelos de negócios e dos marcos de gestão no avanço dos ODS. No entanto, o estado geral e as tendências dos ODS em relação aos modelos de negócios ainda são incertos, e informações cruciais, como os autores mais influentes, revistas, artigos, palavras-chave e abordagens teóricas, ainda precisam ser determinadas. Para preencher essa lacuna, foi realizada uma análise abrangente de 167 artigos de alto impacto na área relevante.
Desenho/metodologia/abordagem
Este estudo utiliza uma abordagem de métodos mistos, combinando análise bibliométrica quantitativa (análise de desempenho e mapeamento científico) com análise qualitativa de conteúdo.
Resultados
A análise de acoplamento bibliográfico iluminou a estrutura intelectual da literatura que conecta os ODS aos modelos de negócios, revelando seis clusters principais: (1) Marcos, sistemas de gestão e ferramentas de relatórios; (2) Modelos de negócios sustentáveis; (3) Modelos de negócios circulares; (4) Envolvimento das partes interessadas e da comunidade, ecologia industrial e consumo; (5) Inovação inclusiva e responsável; (6) Modelos de negócios de economia colaborativa e compartilhada
Para a Ibero-América, esses achados destacam tanto oportunidades quanto desafios. Embora haja um progresso notável no avanço dos modelos de negócios sustentáveis, a análise também aponta para a falta de interconexões entre os países, sugerindo barreiras potenciais para o intercâmbio de conhecimento e inovação colaborativa na região.
Originalidade
Este estudo oferece insights valiosos sobre a relação evolutiva entre os modelos de negócios e a conquista dos ODS, propondo uma nova agenda de pesquisa para explorar essa dinâmica na Ibero-América.
Details
Keywords
- Sustainable Development Goals
- Business models
- Business model innovation
- Circular economy
- Sustainable development
- Bibliometric analysis
- Objetivos de desarrollo sostenible
- Modelos de negocio
- Innovación en modelos de negocio
- Economía circular
- Desarrollo sostenible
- Análisis bibliométrico
- Objetivos de desenvolvimento sustentável
- Modelos de negócios
- Inovação em modelos de negócios
- Economia circular
- Desenvolvimento sustentável
- Análise bibliométrica
Emilio Greco, Elvira Anna Graziano, Gian Paolo Stella, Marco Mastrodascio and Fabrizio Cedrone
Employees in the private, public, and third sectors have experienced an increase in stress over the years. Amongst the sectors, people working in hospitals and other healthcare…
Abstract
Purpose
Employees in the private, public, and third sectors have experienced an increase in stress over the years. Amongst the sectors, people working in hospitals and other healthcare facilities were put under severe stress during the COVID-19 pandemic. Indeed, the World Health Organisation has clearly stated that defending people's mental health at this particular time of restless pandemic growth is an absolute necessity. The purpose of this article is to assess the perceived work-related stress (WRS) of healthcare workers (HCWs) as a result of the spread of COVID-19, as well as how a leadership role can help to reduce WRS.
Design/methodology/approach
Based on a multiple case study approach applied to two Italian health-care facilities, the questionnaire results were subjected to a regression analysis.
Findings
The results show an association in HCWs between the perception of supportive leadership and the perception of negative psychosocial risks whose exposure can lead to manifestation of WRS during COVID-19 pandemic.
Originality/value
The study addresses the role that the perception of supportive leadership can play in reducing exposure to occupational psychosocial risks in a sample of healthcare professionals.
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Navendu Prakash, Shveta Singh and Seema Sharma
This paper aims to investigate the short- and long-run influence of core banking solutions (CBSs) on productive efficiency and identify the presence of potential network…
Abstract
Purpose
This paper aims to investigate the short- and long-run influence of core banking solutions (CBSs) on productive efficiency and identify the presence of potential network externalities arising from CBS adoption. This paper further examines the differential behaviour of long-term effects across the banking structure.
Design/methodology/approach
This study uses a panel data set of Indian commercial banks from 2005 to 2021. Economic efficiency is quantified using VRS-based DEA programming algorithms. Productivity changes are measured through an input-oriented, DEA-based Malmquist productivity index. Short- and long-run effects are examined through a finite autoregressive distributed lag model, estimated through a pooled mean-group estimator.
Findings
Findings suggest that CBS adoption negatively correlates with cost structure until the first year of adoption. Nevertheless, significant benefits are visible from the third year. Furthermore, such associations are highly susceptible to the industry structure. CBS results in higher incremental benefits for private banks vis-à-vis state-owned banks. Large banks receive significant and quicker productivity improvements from CBS vis-à-vis small banks. Bank age guides CBS–performance associations, highlighting that mature banks may face the issue of legacy infrastructure in CBS adoption. The resultant networking externalities are significant as they enhance the attractiveness of the network, which subsequently augments inter-branch and inter-bank communications.
Originality/value
To the best of the authors’ knowledge, this study is the first to recognise the stickiness of one of the most homogeneously adopted technological innovations in the Indian banking sector. The presence of a conjoint technological network has the potential to enhance the service delivery process and ensure superior returns for Indian banks.
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Juan D. Borrero and Shumaila Yousafzai
The shift toward a circular economy (CE) represents a collaborative endeavor necessitating the presence of efficient frameworks, conducive contexts and a common comprehension…
Abstract
Purpose
The shift toward a circular economy (CE) represents a collaborative endeavor necessitating the presence of efficient frameworks, conducive contexts and a common comprehension. This research serves as a pivotal stride towards this goal, presenting an exclusive prospect for the investigation and fusion of these frameworks, with particular emphasis on the Quintuple Helix Model (5HM), into a unified theoretical framework that underscores the core principles of the CE. This study is centered on three pivotal questions aimed at decoding the CE transition in specific regional settings.
Design/methodology/approach
Adopting an abductive approach firmly anchored in a two-stage qualitative process, this study specifically merges the foundational principles from institutional theory, entrepreneurship literature and CE frameworks to provide insights into the dynamics of circular ecosystems, with a specific focus on the Huelva region in Spain.
Findings
The findings demonstrate significant potential in the CE, ranging from the integration of product and service systems to innovations in eco-industrial practices. Yet, a notable deficiency exists: the absence of institutional entrepreneurs, highlighting the essential role that universities can play. As recognized centers of innovation, universities are suggested to be key contributors to the transformation toward a CE, aligning with their societal and economic responsibilities.
Practical implications
This study highlights the importance of managing relationships with entities like SMEs and policymakers or academia for effective CE adoption. Policymakers can refine strategies based on the research’s insights, while the impact of university-driven circular ecosystems on sustainable societies is another crucial area for research.
Originality/value
The sustainability models cited in CE literature may not be comprehensive enough to prevent problem shifting, and it can be argued that they lack a sound theoretical and conceptual basis. Furthermore, the connections between sustainability objectives and the three levels of the CE operating system remain vague. Additionally, there is insufficient information on how regions foster the involvement of the environment in fivefold helix cooperation and how this impacts the CE.
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Swapnil Lahane, Himanshu Prajapati and Ravi Kant
This paper aims to examine the current status and trends in circular economy (CE) research. The state of CE research is assessed by critically examining the field by considering…
Abstract
Purpose
This paper aims to examine the current status and trends in circular economy (CE) research. The state of CE research is assessed by critically examining the field by considering diverse dimensions.
Design/methodology/approach
The systematic literature review (SLR) of CE research articles is analyzed using the content analysis methodology. The articles are selected from the Scopus database containing the keyword “Circular economy” in its title, abstract and keywords. In total, 587 research articles published on CE in various reputed peer-reviewed journals over 15 years (2005–2020) are selected for review.
Findings
The research in the domain of CE is in the beginning phase. It has numerous quantitative modeling opportunities, value creation and propositions aspects and application in real-life case problems. One of the significant findings is that the CE research field is more inclined toward the implication of the empirical qualitative research. The identified research gaps and future opportunities could provide further direction to broaden CE research.
Research limitations/implications
The review focuses on publications published in peer-reviewed journals in the English language only. It restricts the recognition of relevant articles published in conference proceedings and languages other than English.
Originality/value
This research study will provide a deeper understanding of CE research's existing status and highlights the research trends, gap and its applicability in real-life case problems and setting up future research directions in the CE field.