Creativity with Institutionalization

2015 ◽  
pp. 221-240 ◽  
Author(s):  
Riitta Kemppainen-Koivisto ◽  
Katta Siltavirta ◽  
Rauno Rusko ◽  
Seppo Särkkä
Keyword(s):  
Decision Making ◽  
Creative Industries ◽  
Institutional Characteristics ◽  
Main Area ◽  
Brand Building ◽  
Financial Cooperatives ◽  
New Business ◽  
Umbrella Organization ◽  
Cooperative Institutions ◽  
Creative Production

Typically, creativity and institutionalism are not closely related. However, when talking about cooperatives (or co-ops), the authors introduce, in addition to the paradoxical tension between institutionalism and creativity, perspectives and cases in which institutionalism is a channel for creative production. People often associate cooperatives with institutional characteristics because of their collective manifestations in history, such as agricultural or financial cooperatives. Furthermore, co-ops typically consist of several entrepreneurs working under the same “umbrella” organization. However, according to the outcomes of the chapter, cooperatives could also be a source of, or at least a channel for, contemporary creativity. In this chapter, the authors introduce Finnish cases in which the planners and designers of creative industries have established cooperatives successfully. These cooperatives have already created sustainable paths in their business activities to provide younger and youthful entrepreneurs with business possibilities and at least modest profitability. They also consider neo-cooperatives and light cooperatives, which provide services to cooperatives and allow them to focus on their main area of creating and innovating new business. Creativity cannot flow if there is no time or will to secure large investments and financing, or if the marketing and brand-building are problematic and the decision-making slow. Cooperatives could provide a suitable arena for innovative and creative business if there is a will to change and renew the idea of cooperative institutions, law, and practice.

scholarly journals Creativity with Institutionalization

Economics ◽  
2015 ◽  
pp. 1035-1054
Author(s):  
Riitta Kemppainen-Koivisto ◽  
Katta Siltavirta ◽  
Rauno Rusko ◽  
Seppo Särkkä
Keyword(s):  
Decision Making ◽  
Creative Industries ◽  
Institutional Characteristics ◽  
Main Area ◽  
Brand Building ◽  
Financial Cooperatives ◽  
New Business ◽  
Umbrella Organization ◽  
Cooperative Institutions ◽  
Creative Production

Typically, creativity and institutionalism are not closely related. However, when talking about cooperatives (or co-ops), the authors introduce, in addition to the paradoxical tension between institutionalism and creativity, perspectives and cases in which institutionalism is a channel for creative production. People often associate cooperatives with institutional characteristics because of their collective manifestations in history, such as agricultural or financial cooperatives. Furthermore, co-ops typically consist of several entrepreneurs working under the same “umbrella” organization. However, according to the outcomes of the chapter, cooperatives could also be a source of, or at least a channel for, contemporary creativity. In this chapter, the authors introduce Finnish cases in which the planners and designers of creative industries have established cooperatives successfully. These cooperatives have already created sustainable paths in their business activities to provide younger and youthful entrepreneurs with business possibilities and at least modest profitability. They also consider neo-cooperatives and light cooperatives, which provide services to cooperatives and allow them to focus on their main area of creating and innovating new business. Creativity cannot flow if there is no time or will to secure large investments and financing, or if the marketing and brand-building are problematic and the decision-making slow. Cooperatives could provide a suitable arena for innovative and creative business if there is a will to change and renew the idea of cooperative institutions, law, and practice.

scholarly journals Entrepreneurial decisions: Insights into the use of support services for new business creation

2014 ◽  
Vol 45 (4) ◽  
pp. 11-20 ◽  
Author(s):  
G. Ammetller ◽  
I. Rodriguez-Ardurab ◽  
J. Llados-Masllorens
Keyword(s):  
Decision Making ◽  
Support Services ◽  
Local Development ◽  
Integrative Model ◽  
Resource Based View ◽  
Utilization Of Services ◽  
Multi Stage ◽  
Business Creation ◽  
New Business

This research presents an integrative model about the use of those services that have been specifically designed to support entrepreneurial initiative. By contrast with conventional perspectives from the entrepreneurship field, mainly drawn from a resource-based view, we propose a two-fold approach to explain the utilization of services that are oriented to new business creation: by considering the role of resources within the start-up's reach (internal and external); by incorporating a behavioral and decision-making approach. On the basis of the suggested decision-making framework, a multi-stage decision model is developed and tested by means of a representative sample of entrepreneurs linked to a local development agency. The results show that the adoption and use of support services for new business creation is a complex and reflexive process, triggered by the entrepreneur's internal forces.The entrepreneur searches for information throughout the process and, with assistance from internal teams and external networks, evaluates the choices of businesssupport services. Our findings offer relevant implications and recommendations for business incubators and institutions.

scholarly journals Methodology of Integration for Competitive Technical Intelligence with Blue Ocean Strategy: Application to an exotic fruit

2011 ◽  
Vol 1 (1) ◽  
Author(s):  
Marisela Rodríguez Salvador ◽  
Manuel Alejandro Bautista Reyes
Keyword(s):  
Decision Making ◽  
The State ◽  
Anacardium Occidentale ◽  
Critical Factors ◽  
The South ◽  
Strategic Development ◽  
Technical Intelligence ◽  
New Business ◽  
Two Stages ◽  
The University

This article presents a new methodology that integrates Competitive Technical Intelligence with Blue Ocean Strategy. We explore new business niches taking advantage of the synergy that both areas offer, developing a model based on cyclic interactions through a process developed in two stages: Understanding opportunity that arise from idea formulation to decision making and strategic development. The validity of our approach (first stage) was observed in the evaluation of an exotic fruit, Anacardium Occidentale, in the South of the State of Veracruz, Mexico with the support of the university ITESM, Campus Monterrey. We identified critical factors for success, opportunities and threats. Results confirm the attractiveness of this crop.

scholarly journals THE ROLE OF COLLABORATION VALUE CHAIN DESIGN AT REWARD-BASED CROWDFUNDING PLATFORMS AND MUSIC INDUSTRY IN INDONESIA

2019 ◽  
Vol 4 (1) ◽  
pp. 1
Author(s):  
Octadila Laily Anggraeni ◽  
Elvia Shauki
Keyword(s):  
Value Chain ◽  
Business Models ◽  
Music Industry ◽  
Creative Industries ◽  
Value Chain Analysis ◽  
Design Collaboration ◽  
Funding Model ◽  
Chain Analysis ◽  
New Business ◽  
Financial Technology

<em>Industry 4.0 has brought many changes, in the financial sector there is financial technology. One form of financial technology is crowdfunding. Creative industries are quite high sectors that use crowdfunding as a funding model. This research includes collaboration between crowdfunding and the music industry. In the process of collaboration between the crowdfunding and the music industry, the parties need to conduct a value chain analysis and find out their competitive advantages to maximize fundraising. The consequence of collaboration between the crowdfunding and the music industry is the presence of new business models accompanied by changes in the value chain. This study aims to determine value chain design collaboration between reward-based crowdfunding and the music industry. This research is based on the value network theory, using a qualitative approach with multi-cases study design. This research was conducted by gathering information through interviews with crowdfunding and the music industry. The results show that collaboration leads to changes in value chain design. Crowdfunding has changed the pattern of production in the music industry with its involvement in funding, sales, and distribution. Other forms of crowdfunding and other creative industries require further investigation. This study aims to help practitioners understand how reward-based crowdfunding is changing the music industry.</em>

scholarly journals Research on the Application of Mobile Internet Information Products of New Agricultural Business Entities

2021 ◽  
Vol 235 ◽  
pp. 03049
Author(s):  
Tongyang Wei ◽  
Yong Yang
Keyword(s):  
Decision Making ◽  
Information Age ◽  
Mobile Internet ◽  
Mobile Terminals ◽  
Advantages And Disadvantages ◽  
New Business ◽  
Internet Information ◽  
Information Products ◽  
Agricultural Business ◽  
Business Entities

Facing the current information age, this study aims to probe into the application of internet products of mobile terminals in the new agricultural business entities, and to analyze the advantages and disadvantages of the application. Based on this, the research group conducted an in-depth research on the new agricultural business entities in eight provinces and cities nationwide to understand the application of information products in the new agricultural business entities, in order to provide important reference and innovative ideas for the agricultural management departments and decision-making departments to carry out the work of training, fostering, guiding and serving new business entities.

Big Data and Data Analytics Research

Web Services ◽  
2019 ◽  
pp. 2161-2171
Author(s):  
Miltiadis D. Lytras ◽  
Vijay Raghavan ◽  
Ernesto Damiani
Keyword(s):  
Decision Making ◽  
Big Data ◽  
Data Analytics ◽  
Business Models ◽  
Internet Technology ◽  
Cognitive Computing ◽  
New Paradigm ◽  
Web Science ◽  
New Business ◽  
Value Propositions

The Big Data and Data Analytics is a brand new paradigm, for the integration of Internet Technology in the human and machine context. For the first time in the history of the human mankind we are able to transforming raw data that are massively produced by humans and machines in to knowledge and wisdom capable of supporting smart decision making, innovative services, new business models, innovation, and entrepreneurship. For the Web Science research, this is a new methodological and technological spectrum of advanced methods, frameworks and functionalities never experienced in the past. At the same moment communities out of web science need to realize the potential of this new paradigm with the support of new sound business models and a critical shift in the perception of decision making. In this short visioning article, the authors are analyzing the main aspects of Big Data and Data Analytics Research and they provide their own metaphor for the next years. A number of research directions are outlined as well as a new roadmap towards the evolution of Big Data to Smart Decisions and Cognitive Computing. The authors do hope that the readers would like to react and to propose their own value propositions for the domain initiating a scientific dialogue beyond self-fulfilled expectations.

A value creation perspective on international business in Latin America: directions for differentiation between emerging market multinationals

2020 ◽  
Vol 28 (2) ◽  
pp. 157-175 ◽  
Author(s):  
Michel Hermans ◽  
Armando Borda Reyes
Keyword(s):  
Decision Making ◽  
Latin America ◽  
International Business ◽  
Latin American ◽  
Value Creation ◽  
Emerging Market ◽  
Institutional Characteristics ◽  
Content Type ◽  
A Value ◽  
Internationalization Strategies

Purpose This study aims to draw researchers’ attention to the need to differentiate within the emerging market multinational companies (EMNCs) category. This study focuses on international business in Latin America to argue that the region’s specific institutional characteristics have consequences for within-firm decision-making regarding internationalization strategies. Additionally, the study suggests that to develop a more specific understanding of international business in emerging markets, it is important to consider how decision-makers define value and how they can capture such value. Design/methodology/approach The approach used in this study draws on the bathtub analogy used in micro-foundations research in international business. It proposes a multilevel analysis in which micro-level variation in within-firm decision-making is considered, while accounting for the conditioning effects of macro-level contextual factors. Findings The study identifies characteristics of the Latin American institutional context that are relevant to international business strategies and that potentially differ from other emerging market contexts. These include the pendular shifts to and from pro-market economic reform, fragmented government intervention in business, underdeveloped capital markets, low competition among firms and polarized labor markets. The study explains how these characteristics shape the definition of value and firm strategies to capture value in international markets, and provides examples from firms in different industries. Originality/value This study applies a value creation and capture perspective to international business in Latin America, allowing for the simultaneous consideration of macrolevel institutional characteristics and microlevel variation in decision-making regarding internationalization strategies. This perspective not only helps to distinguish Latin American EMNCs from companies from other emerging market contexts, but also explains the considerable variation in the internationalization strategies of firms within the region.

ENTREPRENEURIAL SELF-EFFICACY, INTENT AND INTENSITY: DOES EXPERIENTIAL TRAINING ENHANCE OR INHIBIT PREDISPOSITION?

2014 ◽  
Vol 19 (01) ◽  
pp. 1450005 ◽  
Author(s):  
MARK T. SCHENKEL ◽  
RODNEY R. D'SOUZA ◽  
FRANK C. BRAUN
Keyword(s):  
Decision Making ◽  
Self Efficacy ◽  
Early Stage ◽  
Discrete Event ◽  
Experiential Training ◽  
New Business ◽  
Training Methodologies ◽  
The Relationship

Whereas prior research has investigated the relationship between the belief in one's abilities (entrepreneurial self-efficacy) and the intent to form a new business as a discrete event, little research has investigated the relationship between entrepreneurial self-efficacy and his or her focus and commitment (entrepreneurial intensity). Consequently, potential meaningful theoretical and pedagogical aspects remain less well understood. This study addresses this void explicitly by employing a pre-post design that investigates both the dynamics of the relationships between entrepreneurial self-efficacy, intent and intensity, as well as the moderating influence of different training methodologies. Our results suggest a change in focus from intent to intensity produces important theoretical and practical insights about the dynamics of early stage decision making.

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