scholarly journals COVID-19 as Industry Forcing Function: Challenges for Entrepreneurship in the Post-Pandemic Future

2021 ◽  
Vol 15 (4) ◽  
pp. 33-41
Author(s):  
Olga Belousova ◽  
◽  
Steven Walsh ◽  
Aard Groen ◽  
◽  
...  

The COVID-19 crisis has changed how firms and industries do business – at least for now. What is uncertain, however, is the duration of that change. Will the industry change induced by the COVID-19 crisis persist and, if so, for how long? Can a crisis, and particularly the COVID-19 crisis, act as a more permanent change agent and create an environment that mimics the entrepreneurial opportunity that industry forcing functions create? If yes, then there is cause to consider the entrepreneurial opportunity that the COVID-19 crisis provides. In this paper, we review the changes that the pandemic has brought to business practices. Furthermore, we discuss the differences between crisis-based opportunity and entrepreneurial opportunity created by industry forcing functions in order to illuminate the ability of a COVID-19 crisis–induced Low Touch Economy to sustainably create entrepreneurial opportunities. We show examples and list the attributes of industry forcing functions that have already provided sustainable entrepreneurial opportunity. Then, we match these attributes with the factors pertaining to the COVID-19-related Low Touch Economy. We find that the COVID-19 crisis has similarities and differences to the traditional industry forcing functions started by disruptive technologies. However, unlike traditional industry forcing functions, the COVID-19 crisis acts in a pan-industrial manner, making the impact of the pandemic more profound. Furthermore, the timing of the pandemic is important too: the COVID-19 crisis struck during the emergence of a Schumpeterian wave of Industry 4.0 and accelerated the adoption of its most important harbingers. We provide researchers and practitioners a lens through which to review not only the COVID-19 crisis’s possibility of lasting effects, but also how it will affect entrepreneurs.

2021 ◽  
Vol 9 (2) ◽  
pp. 71
Author(s):  
Eunyoung Nam ◽  
Peng Xiong

The rapid development of information technology is having a profound impact on college students' entrepreneurial behavior,and accurately recognize entrepreneurial opportunities will affect the success or failure of individual entrepreneurship. The purpose of this study is to explore if and how social media influences college students to recognize entrepreneurial opportunities. A systematic review of relevant research results including social media in the field of entrepreneurship, entrepreneurship of college students, etc., this paper puts forward five dimensions and six hypotheses, including entrepreneurial alertness, priori knowledge, social capital, entrepreneurial opportunity recognition, and social media. A total of 508 valid questionnaires were obtained by designing questionnaires, organizing surveys, and screening data for college students. Through the reliability and validity test, correlation analysis, and hypothesis test analysis of the returned questionnaire data, all six hypotheses were verified. The empirical analysis shows that social media can significantly affect the recognition of entrepreneurial opportunities for college entrepreneurs. priori knowledge and entrepreneurial alertness play a mediating role and a moderating role respectively in this process. Meanwhile, priori knowledge plays a significant positive role in promoting entrepreneurial vigilance. Social capital has a direct and positive impact on college students' entrepreneurial opportunity recognition, and plays a moderating role in the impact of social media on college students' entrepreneurial opportunity recognition.


Author(s):  
Thomas B. Slater

African American scholarship on Revelation makes fruitful use of cultural studies as a discipline. This approach draws on the field of sociology, social history, literature, anthropology, linguistics, and other cultural markers. As a method for biblical interpretation it values both the ancient context and the current cultural contexts of readers, and is open to multiple interpretations. This essay considers the various ways Revelation has functioned in African American congregations, the impact of Liberation theology, womanist and postcolonial perspectives, and the notion that Revelation is subversive or resistance literature. Attention is given to similarities and differences between African American scholars concerning Revelation’s political perspective, its approach to identity construction, and the way in which the book might engage current readers.


Author(s):  
Stella Doukianou ◽  
Damon Daylamani-Zad ◽  
Kathy O’Loingsigh

AbstractPresentations are the most successful and popular form of communication in business. However, the formats of presentations in business have not changed much for past few decades. The emergent and disruptive technologies such as Augmented Reality and Animated Infographics have provided potential for enhancing communications in businesses to increase engagement and therefore increasing the effectiveness of such communications. This paper focuses on the impact and effectiveness of using interactive AR in business presentations. The paper presents the design and development of our AR presentation application. Followed by a presentation of an empirical study into the usability and effectiveness of using Augmented Reality and Animated Infographics in business presentation and compares the results against the traditional slideware slides presentation approach. The results of the experiment with 94 participants are presented and analysed. The results demonstrate that the AR approach out performs the traditional methods in terms of usability, audience engagement and effectiveness of communication.


2017 ◽  
Vol 10 (6) ◽  
pp. 62
Author(s):  
Sahar Mohammad Abu Bakir

The public sector in Jordan is confronting many problems; reports show that citizens are not contented with the number and quality of current services. Consequently; persistent initiatives to uphold the sector performance took place at all levels, relying on the inventive employees and leadership to achieve the intended improvement. So this study seeks to test the impact of strategic leadership (charismatic, visionary, change agent and servant) on building entrepreneurial orientation (proactiveness, innovativeness and risk taking) in Jordanian public sector employees.A random sample was selected of 500 employees working at health, education, agriculture and other service governmental organizations. To obtain the required results multiple regression was calculated using (21) SPSS version.It was found that the charismatic, change agent, servant styles positively influence employees proaciveness, with no influence on the other two entrepreneurship dimensions. While visionary style has no significant influence on all entrepreneurship dimensions. However the public sector reform is achievable, through comprehensive strategies, successful implementation, and effective continuous control. Innovative departments need to be established and financed away from bureaucratic environments.


2017 ◽  
Vol 107 (5) ◽  
pp. 303-307 ◽  
Author(s):  
Elizabeth Lyons ◽  
Laurina Zhang

We document the impact of an entrepreneurship training program on startup activity of minorities (females and non-Caucasians). We compare entrepreneurial activity between applicants who are accepted into the program with applicants who are program finalists but not accepted. We find that the effect of the program is small for minorities in the short run. However, the effect of the program is more pronounced for minorities' likelihood of longer run startup activity, whereas the effect on non-minorities is small and statistically insignificant. We suggest that such programs are most effective for individuals that may otherwise have limited access to entrepreneurial opportunities.


2010 ◽  
Vol 3 (3) ◽  
pp. 187 ◽  
Author(s):  
Hairul Azlan Annuar ◽  
Nur Barizah Abu Bakar

The paper adopts a descriptive case study method to examine the impact of juristic views on the operations of two Malaysian takaful companies. In order to achieve this objective, the annual financial reports of both companies were analysed. Interviews with each company’s finance managers and with a member of the Malaysian Shariah Advisory Council were undertaken for a more in-depth coverage. Also a written correspondence with a senior official of the central bank was accomplished. Similarities and differences between the two companies were identified and it is concluded that the differences are serious enough to warrant interventions from the regulators in the form of mandatory disclosures in the annual reports. 


2018 ◽  
Vol 31 (3-4) ◽  
pp. 310-340
Author(s):  
Nimi Wariboko

Abstract How does religion or worldview affect business practices and ethics? This tradition of inquiry goes back, at least, to Max Weber who, in the Protestant Ethic and the Spirit of Capitalism, explored the impact of theological suppositions on capitalist economic development. But the connection can also go the other way. So the focus of inquiry can become: How does business ethics or practices affect ethics in a given nation or corporation? This paper inquires into how the political and economic conditions created and sustained by nineteenth-century trading community in the Niger Delta influenced religious practices or ethics of Christian missionaries. This approach to mission study is necessary not only because we want to further understand the work of Christian missions and also to tease out the effect of business ethics on religious ethics, but also because Christian missionaries came to the Niger Delta in the nineteenth century behind foreign merchants.


Author(s):  
Fanny M. Besem ◽  
Robert E. Kielb ◽  
Nicole L. Key

The frequency mistuning that occurs due to manufacturing variations and wear and tear of the blades can have a significant effect on the flutter and forced response behavior of a blade row. Similarly, asymmetries in the aerodynamic or excitation forces can tremendously affect the blade responses. When conducting CFD simulations, all blades are assumed to be tuned (i.e. to have the same natural frequency) and the aerodynamic forces are assumed to be the same on each blade except for a shift in interblade phase angle. The blades are thus predicted to vibrate at the same amplitude. However, when the system is mistuned or when asymmetries are present, some blades can vibrate with a much higher amplitude than the tuned, symmetric system. In this research, we first conduct a deterministic forced response analysis of a mistuned rotor and compare the results to experimental data from a compressor rig. It is shown that tuned CFD results cannot be compared directly with experimental data because of the impact of frequency mistuning on forced response predictions. Moreover, the individual impact of frequency, aerodynamic, and forcing function perturbations on the predictions is assessed, leading to the conclusion that a mistuned system has to be studied probabilistically. Finally, all perturbations are combined and Monte-Carlo simulations are conducted to obtain the range of blade response amplitudes that a designer could expect.


2021 ◽  
Vol 250 ◽  
pp. 06008
Author(s):  
Oksana Mukhoryanova ◽  
Larisa Kuleshova ◽  
Nina Rusakova ◽  
Olga Mirgorodskaya

This paper aims at investigating the predisposition leading to the sustainability of micro-enterprises in the digital economy, especially the sharing economy. This area represents a new field since the research of the impact of the sharing economy on small enterprises is still in its infancy. We study the role of the entrepreneurial approach and entrepreneurial philosophy of the small business with regard to the digitalization and the sustainable development and growth using examples from the European Union and the United States. Some common features and trends are derived and the outcomes are discussed. Our results point at the fact that by creating an economy for micro-entrepreneurs, the sharing economy thrives on traditional industry disrupted by technology. Since micro-enterprises constitute a backbone of the economy in many developed and developing countries, more research is required to shed the light of the sustainable development of these types of enterprises in the globalized and digitalized world.


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