Entrepreneurship Competencies and Management Capabilities for Innovation and Sustainable Growth

2010 ◽  
pp. 105-119 ◽  
Author(s):  
Maktoba Omar ◽  
Michael Lewrick
Keyword(s):  
Change Process ◽  
Business Plan ◽  
Sustainable Growth ◽  
Actual Practice ◽  
Business Growth ◽  
Formal Requirements ◽  
Management Capabilities

The aim of this chapter is to challenge the context of entrepreneurship competences and management capabilities needed for innovation. We build our arguments in step with actual practice analyzing data from over 200 innovative companies which have been created under the formal requirements of a regional business plan competition during the last 10 years. This study explores the crucial capabilities to start an innovative business and discuss the capabilities have to be developed to sustain innovation and business growth. Therefore, it can be hypothesised that entrepreneurship and innovation education provided by Universities, Centres for Entrepreneurship and through coaching by Business Plan Competitions should focus on building awareness for the necessity of innovations and prepare inventors, entrepreneurs and students for not simply starting an enterprise but the change process in growing companies. The questions are not of whether or not to educate people about entrepreneurship and innovation but rather what are the context and the capabilities needed to sustain business and become an innovative and successful entrepreneur?

Entrepreneurship Competencies and Management Capabilities for Innovation and sustainable Growth

2010 ◽  
Vol 1 (3) ◽  
pp. 48-61
Author(s):  
Maktoba Omar ◽  
Michael Lewrick
Keyword(s):  
Change Process ◽  
Business Plan ◽  
Sustainable Growth ◽  
Actual Practice ◽  
Business Growth ◽  
Formal Requirements ◽  
Management Capabilities

The aim of this chapter is to challenge the context of entrepreneurship competences and management capabilities needed for innovation. We build our arguments in step with actual practice analyzing data from over 200 innovative companies which have been created under the formal requirements of a regional business plan competition during the last 10 years. This study explores the crucial capabilities to start an innovative business and discuss the capabilities have to be developed to sustain innovation and business growth. Therefore, it can be hypothesised that entrepreneurship and innovation education provided by Universities, Centres for Entrepreneurship and through coaching by Business Plan Competitions should focus on building awareness for the necessity of innovations and prepare inventors, entrepreneurs and students for not simply starting an enterprise but the change process in growing companies. The questions are not of whether or not to educate people about entrepreneurship and innovation but rather what are the context and the capabilities needed to sustain business and become an innovative and successful entrepreneur?

The intervention of strategic innovation practices in between regulations and sustainable business growth: a holistic perspective for Malaysian SMEs

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Ariful Islam ◽  
Sazali Abd Wahab
Keyword(s):  
Growth Model ◽  
Business Strategy ◽  
Point Of View ◽  
Sustainable Growth ◽  
Government Support ◽  
Business Growth ◽  
Sustainable Business ◽  
Content Type ◽  
Strategic Innovation ◽  
Innovation Practices

PurposeSMEs that manage more sustainability focused initiatives into their core business strategy can possibly benefit from lower expenses, reduced threats and new business opportunities, but in Malaysia most of the SMEs are still far off in terms of adapting to a sustainable business growth outline from a holistic point of view. Hence, this study aims to serve deeper understanding about a strategic innovation focused sustainable growth model on basis of multidisciplinary QBL-QHIM theoretical perspectives where strategic innovation practices intervene in between desired growth and government support (regulations).Design/methodology/approachThis conceptual investigation embraces a newly emerged concern of sustainable business growth in SMEs, considering ranges of literature reviews from the disciplines of management and entrepreneurship. The study also systematically explores the concepts of regulations, strategic innovation practices on basis of QBL and QHIM theories to adjust the sustainable business growth model from a holistic angle.FindingsThe outcomes show that multidisciplinary QBL-QHIM conjunction within the interrelationships of the selected constructs holds the potential for innovation focused business growth in a more sustainable, comprehensive and holistic manner. The study also detects that exploitative-explorative innovation practices can possibly mediate in between suitable regulations and sustainable business growth of SMEs, considering supportive external environment.Research limitations/implicationsResearches are encouraged to test the proposed model.Practical implicationsThe study indicates a conceptual configuration for policy makers as well as entrepreneurs to ensure sustainable business growth for SMEs. The outcomes of the study also provide useful direction on decision-making process of owner or manager considering social, economic, environmental and spiritual aspects of daily operations.Social implicationsThe conceptual model may possibly able to generate more social values, considering a holistic angle into business activities.Originality/valueThe conceptualization is a unique attempt, considering developing regions to extend the current understanding of strategic innovation focused sustainable growth process of SMEs from a holistic angle.

Entrepreneurship, innovation, digitization and digital transformation toward a sustainable growth within the pandemic environment

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Sorin Gavrila Gavrila ◽  
Antonio De Lucas Ancillo
Keyword(s):  
Business Models ◽  
Economic Value ◽  
Economic Recession ◽  
Digital Transformation ◽  
Sustainable Growth ◽  
Business Growth ◽  
Sustainable Business ◽  
Society Business ◽  
Content Type ◽  
Secondary Information

PurposeThe coronavirus disease 2019 (COVID-19) pandemic has taken society, business and industries by surprise leading to a worldwide economic recession, pushing organizations to rethink their business model in order to shift from activity shutdown toward sustainable growth. The purpose of this research is to comprehend the implications and relationship between entrepreneurship, innovation, digitization and digital transformation aspects as the levers to achieve this goal.Design/methodology/approachFollowing the existing literature, an empirical approach has been established involving a quantitative analysis of secondary information obtained from official datasets and reports.FindingsThe COVID-19 pandemic was found to be an unfortunate accelerator regarding both consumers' habits and organizations' innovation and digital transformation, breaking with the past leading to new sustainable growth business models.Practical implicationsThe research provides an underlying outcome that addresses how wealth and economic value could be generated within the framework of new economic models in a post-pandemic environment.Originality/valueThe research highlights how the pandemic has disrupted what was known about sustainable business growth, and how this affects the future of business beyond the pandemic scenario, transforming the way society, businesses and customers interact.

Финансијске посљедице пословног раста // The Financial Consequences of Business Growth

2018 ◽  
Vol 13 (22) ◽  
pp. 213
Author(s):  
George Kester ◽  
Горан Радивојац
Keyword(s):  
Financial Distress ◽  
Business Plan ◽  
Sales Growth ◽  
Business Growth ◽  
Loan Default ◽  
New Business ◽  
Financial Consequences

Резиме: Пословно планирање у савременом пословном окружењу није више фокусирано само на продају, трошкове и добит, већ се поставља питање одрживости пословног раста с аспекта извора финансирања предузећа. Полазећи од чињенице да је врхунски циљ оснивања предузећа, а затим и редовног пословања, максимирање добити у дугом року, неријетко брзорастућа предузећа често исказују добит у финансијским извјештајима, а истовремено веома тешко одржавају ликвидност. Да би разумјели како предузеће може исказивати добит и имати „успјешан” биланс, а у исто вријеме веома тешко одржавати ликвидност или чак бити неликвидна, морамо потпуно разумјети суштинску разлику између рачуноводствено исказаног добитка и нето новчаног тока предузећа. Проблем постаје сложенији ако знамо да у пракси још увијек важи конвенционална „мудрост” да обртна имовина треба бити финансирана краткорочним изворима, а фиксна имовина дугорочним изворима. Аутори су провели истраживање кредитне политике пословних банака у Бања Луци у домену финансирања обртних средстава које је објављено у овом раду, те су на основу добијених резултата извели одређене закључке.Summary: A typical business plan for a new business focuses upon sales, expenses and profits. Can the new business produce enough sales to exceed fixed and variable expenses and make a profit. If the answer is yes, then the decision is to proceed to the next step, which is to determine the amount of initial asset investment needed to start the business and how to finance it. There is oft en little or no focus the additional investments in assets needed to support growth in sales after the business is begun and become successful. Failure to recognize the additional assets needed to support sales growth can come as a total surprise and, if not financed properly, can lead to financial distress, loan default and even bankruptcy.

scholarly journals BUSINESS GROWTH MANAGEMENT IN REPUBLIC OF SRPSKA

2021 ◽  
Vol 19 (34) ◽  
Author(s):  
Saša Vučenović ◽  
Branka Zolak Poljašević ◽  
Igor Mišić
Keyword(s):  
Growth Process ◽  
Growth Management ◽  
Arithmetic Mean ◽  
Sustainable Growth ◽  
Asymmetric Distribution ◽  
Small Enterprises ◽  
Business Growth ◽  
Business Policy ◽  
Sustainable Growth Rate ◽  
A Company

The research methodology starts from the calcu- lation of the coefficient for each individual com- pany in order to obtain the indicators by calculat- ing the arithmetic mean, median and quartile. As econometric stochastic models have little value for predicting or explaining the growth process at the level of individual companies, the central subject of interest is understanding the growth process at the level of an individual company. The sustainable growth rate of a company depends on the activity of the company. Numerous factors can affect the growth of a company, but the influence of individu- al factors on the growth of a company is rarely sig- nificant and permanent. The results of the research indicate a very asymmetric distribution of the size of enterprises, with a small number of large enter- prises and a large number of small enterprises. The model of sustainable growth is an effective tool for financial planning and directing business policy to- wards stimulating growth in certain industries.

scholarly journals Plan de negocios para la insdusrialización y exportación de lúcuma de seda

2006 ◽  
Vol 11 (21) ◽  
pp. 97-114
Author(s):  
Zoila Álvarez Huamani ◽  
◽  
Luis Enrique Bravo Cárdenas ◽  
Richard Tagami Oshita ◽  
◽  
...  
Keyword(s):  
Data Collection ◽  
Product Development ◽  
Statistical Data ◽  
Business Plan ◽  
Business Growth ◽  
Sustainable Business ◽  
Foreign Markets ◽  
Business Opportunity ◽  
Development Level ◽  
Freeze Dried

The authors evaluate the best alternatives to offer eggfruit in foreign markets, by stressing the fruit’s advantages and looking for an appropriate by-product attractive for exportation. Their evaluation is based on a research on eggfruit, its types, characteristics, uses, growing in Peru and industrialization methods, and also on statistical data collection, and production and exports projections. Italy was found to be the most appropriate destination, because of its traditional ice cream market, where freeze-dried eggfruit powder can be used as main fl avoring input. Taking these fi ndings into account, the authors propose a 10-year business plan which includes a strategic proposal for installation and business growth, both at the production integration level and the product development level. It is about the search for a feasible, profi table and sustainable business opportunity

scholarly journals Government environmental regulation, corporate social responsibility, ecosystem innovation strategy and sustainable development of Vietnamese seafood enterprises

2021 ◽  
Vol 5 (4) ◽  
pp. 713-726
Author(s):  
Thi Minh Nguyet Hoang ◽  
Thi Thai Thuy Nguyen ◽  
Thi Thu Hien Phan
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Environmental Regulation ◽  
Positive Impact ◽  
Sustainable Growth ◽  
Business Growth ◽  
Sustainable Business ◽  
Innovation Strategies ◽  
Corporate Social ◽  
The Relationship

The objective of the article is to assess the influence of corporate social responsibility and Government environmental regulation on sustainable growth and development of Vietnamese seafood enterprises. Data was collected for 3 months with valid votes for analysis of 658 enterprises. The results show that both social responsibility, government environmental regulation, and ecosystem innovation strategies have a statistically significant positive impact on Enterprise sustainable business growth of Vietnamese seafood enterprises. At the same time, the ecosystem innovation strategies are fully mediating in the relationship between Government environmental regulation and Enterprise sustainable business growth.

scholarly journals The Impact of HR Policies over the Financial Soundness of Commercial Banks: A Study on Dhaka Bank Limited

2017 ◽  
Vol 4 (2) ◽  
pp. 83-98
Author(s):  
Benazir Rahman ◽  
Yeasmin Islam ◽  
Fahmida Ahmad
Keyword(s):  
Commercial Banks ◽  
Financial Stability ◽  
Sustainable Growth ◽  
Sample Survey ◽  
Business Growth ◽  
Efficiency And Effectiveness ◽  
Financial Soundness ◽  
Service Oriented ◽  
The Impact

Presently Human Resources (HR) Management has become one of the burning topics in our corporate world to operate overall activities of the organizations smoothly to ensure financial stability and banking industry is not an exception. Banking is one of the most significant sectors of the world economy and especially in a developing country like Bangladesh. Bank employees are the representative of the bank as it is a service-oriented organization, and they are providing banking services to the clients. The more customers’ retention will lead to more revenue as well as financial profit. The banks are now more concern about their employee’s development to make sure the highest productivity of their employees. The paper shows the importance of efficiency and effectiveness of HR policies to upward financial profit and sustainable growth of the bank. Dhaka Bank Limited (DBL) has taken as a sample bank among all the private commercial banks in Bangladesh to conduct the study. The study includes both descriptive as well as quantitative analysis like showing performance by using financial ratios and the impact of HR costs over the profitability.  Sample survey has done among the DBL employees to collect data for the study. The study discloses that the banks are investing the huge amount of fund to develop HR strategies and to motivate employees so that the employee turnover will reduce and productivity will increase which leads to better performance to make sure financial profitability and growth. Usually to maintain all rules and regulation of HR, the banks have to expense more but its conveying long-term productive effect on business growth. It also creates a competitive advantage of the bank to compete with others bank. This study may be helpful for banks regarding dealing with profitability and HR strategies.  

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