scholarly journals Third Places and Art Spaces: Using Web Activity to Differentiate Cultural Dimensions of Entrepreneurship Across U.S. Regions

2020 ◽  
Author(s):  
Timothy F. Slaper ◽  
Alyssa Bianco ◽  
Peter Lenz
Keyword(s):  
Cultural Dimensions ◽  
Business Growth ◽  
High Concentration ◽  
Third Places ◽  
Online Activity ◽  
Marketing Analytics ◽  
Regional Interest ◽  
Statistical Relationships ◽  
Start Ups ◽  
Business Formation

We use unconventional data to assess regional entrepreneurial activitytogether with regional variations in personality (or culture) driving differencesin business formation as advanced by Obschonka et al. (2015). In this paper,we expand recent research using virtually contemporaneous, andgeographically granular, user online activity to estimate a region’s proclivityfor entrepreneurship. We assess the statistical relationships between businessformation, operationalized as establishment births, and the web activityassociated with a user’s interest in “third places” – informal gathering andmixing locations – and sites related to arts, music and design – “arts spaces.”We operationalize interest in and association with third places and arts spacesby the website activity geographically based in U.S. ZIP codes. Initiallydeveloped for marketing analytics, these data are derived by severalproprietary algorithms that create consumer profiles based on a person’spurchase interests, hobbies, activities or topical preferences as expressed byweb activity.Controlling for regional interest in entrepreneurship related web resources,we find that interest in third places and art spaces can explain more than halfof the variation in regional business formation. Establishing that regions witha high concentration of consumer interest in third places and art spaces mayattract the attention of would be entrepreneurs as desirable places to live, workand explore business opportunities may help address the critical missingingredient in regions with lower rates of start-ups and business growth.

scholarly journals Nowcasting Entrepreneurship: Urban Third Place versus the Creative Class

2022 ◽  
Vol 14 (2) ◽  
pp. 763
Author(s):  
Li Fang ◽  
Timothy Slaper
Keyword(s):  
Creative Class ◽  
Entrepreneurship Policy ◽  
Third Places ◽  
Third Place ◽  
Activity Data ◽  
Online Activity ◽  
Competitive Edge ◽  
Level Data ◽  
Browsing Behavior ◽  
Business Formation

Researchers have long debated whether entrepreneurship policy should focus on place or people. In this paper, we extend the place-based versus people-based theories using contemporaneous and geographically granular web-user online activity data to predict a region’s proclivity for entrepreneurship. We compare two theoretical hypotheses: the urban third places—informal gathering locations—that facilitate social interaction and entrepreneurship, in contrast to the creative class which fosters entrepreneurial energy and opportunity in a region. Specifically, we assess whether business formation has a stronger statistical relationship with the browsing behavior of individuals visiting websites associated with third place locations—e.g., restaurants or bars—or the concentration of web browsing behavior associated with “the creative class”. Using U.S. county-level data, we find that both urban third places and the creative class can predict about 70% of the variations in regional business formation, with the creative class having a slight competitive edge.

scholarly journals Playing Global Monopoly in Cement: The Globalization of CEMEX

2021 ◽  
Vol 8 (1) ◽  
pp. 10
Author(s):  
Mark William Cawman ◽  
Patricia Fine-Skalnik
Keyword(s):  
International Business ◽  
Environmental Sustainability ◽  
Multinational Corporation ◽  
Building Materials ◽  
Significant Risk ◽  
Cultural Dimensions ◽  
Business Growth ◽  
Research Article ◽  
Political Implications

This research article is intended for use as a classroom case study with questions for discussion in International Business. This research analyzes CEMEX and their strategy for globalization. CEMEX is a Mexico founded building materials company that operates in more than fifty countries and maintains trade relationships in over one-hundred nations. In addition to CEMEX creating an international business, CEMEX embraces core values including ethics, integrity, and environmental sustainability. The literature review in this study, documents how CEMEX overcame cultural and political implications, and significant risk to become a significant multinational corporation. The topical focus and purpose of this research is to explore CEMEX critically as a specimen company representing cross-cultural and international business growth. The analysis includes the utilization of the Hofstede Cultural Dimensions framework and the PESTLEEG analysis.

scholarly journals Playing Global Monopoly in Cement: The Globalization of CEMEX

2021 ◽  
Vol 8 (1) ◽  
pp. 10
Author(s):  
Mark William Cawman ◽  
Patricia Fine-Skalnik
Keyword(s):  
International Business ◽  
Environmental Sustainability ◽  
Multinational Corporation ◽  
Building Materials ◽  
Significant Risk ◽  
Cultural Dimensions ◽  
Business Growth ◽  
Research Article ◽  
Political Implications

This research article is intended for use as a classroom case study with questions for discussion in International Business. This research analyzes CEMEX and their strategy for globalization. CEMEX is a Mexico founded building materials company that operates in more than fifty countries and maintains trade relationships in over one-hundred nations. In addition to CEMEX creating an international business, CEMEX embraces core values including ethics, integrity, and environmental sustainability. The literature review in this study, documents how CEMEX overcame cultural and political implications, and significant risk to become a significant multinational corporation. The topical focus and purpose of this research is to explore CEMEX critically as a specimen company representing cross-cultural and international business growth. The analysis includes the utilization of the Hofstede Cultural Dimensions framework and the PESTLEEG analysis.

Financial Self-Efficacy in Family Business Environments

2021 ◽  
Vol 29 (03) ◽  
pp. 207-219
Author(s):  
Jasna Auer Antoncic ◽  
Drasko Veselinovic ◽  
Bostjan Antoncic ◽  
Dalma Lorena Grbec ◽  
Zhaoyang Li
Keyword(s):  
Family Business ◽  
Self Efficacy ◽  
Business Environment ◽  
Business Growth ◽  
Normative Model ◽  
Positive Effects ◽  
Business Environments ◽  
The Family ◽  
Research Gap ◽  
Start Ups

Entrepreneurial self-efficacy can have positive effects on entrepreneurship, company start-ups, and business growth. The family business environment has not yet been studied in relation to financial-self efficacy, a dimension of entrepreneurial self-efficacy. In order to address this research gap, this paper focuses on financial self-efficacy and how it relates to its antecedent — the family business environment. This study contributes to a better understanding of how financial self-efficacy has developed in the family business environment by building and checking a normative model. A hypothesis about family business environment experience and the financial self-efficacy relationship was developed and empirically tested using survey data from two countries. The findings of this research reveal the family business environment can make a difference in financial self-efficacy in certain economic contexts.

Multidimensional Urban Vitality on Streets: Spatial Patterns and Influence Factor Identification Using Multisource Urban Data

2021 ◽  
Vol 11 (1) ◽  
pp. 2
Author(s):  
Qian Li ◽  
Caihui Cui ◽  
Feng Liu ◽  
Qirui Wu ◽  
Yadi Run ◽  
...  
Keyword(s):  
Urban Planning ◽  
Spatial Patterns ◽  
Urban Space ◽  
Goodness Of Fit ◽  
Influence Factor ◽  
Social Economic ◽  
Cultural Dimensions ◽  
High Concentration ◽  
Street Space ◽  
Urban Data

Urban vitality is a key indicator for measuring urban development. This topic has been trending in urban planning and sustainable development, and significant progress has been made in measuring single indicators of urban vitality based on parcel or block units. With the continuous development of smart sensing technology, multisource urban data are becoming increasingly abundant. The application of such data to measure the multidimensional urban vitality of street space, reflecting multiple functions of an urban space, can significantly improve the accuracy of urban vitality analyses and promote the construction of people-oriented healthy cities. In this study, streets were taken as the analysis unit, and multisource data such as the trajectories of taxies and shared bicycles, user reviews and cultural facility points of interest (POIs) in Chengdu, a city in southwestern China, were used to identify spatial patterns of urban vitality on streets across social, economic and cultural dimensions. The correlation between the built environment factors and the multidimensional urban vitality on the street was analyzed using a multiple regression model. The spatial distribution of the different dimensions of urban vitality of the street space in Chengdu varies to a certain extent. It is common for areas with high social vitality to have production and life centers nearby. High economic vitality centers are typically found along busy streets with a high concentration of businesses. Areas with high cultural vitality centers tend to be concentrated on the city’s central streets. Land use, transportation, external environment, population and employment are all closely linked to urban vitality on streets. The crowd counting and POI density have the greatest impact on multidimensional urban vitality. The crowd and the level of service facilities profoundly affect social interaction, trade activities and cultural communication. The goodness of fit (R2) of the regression models for social, economic and cultural vitality are 0.590, 0.423 and 0.409, respectively. Using multisource urban data, our findings can help stakeholders better understand the spatial patterns and influencing factors of multidimensional urban vitality on streets and provide sustainable urban planning and development strategies for the future.

scholarly journals Digital Vapor Trails: Using Website Behavior to Nowcast Entrepreneurial Activity

2018 ◽  
Author(s):  
Timothy F. Slaper ◽  
Alyssa Bianco ◽  
Peter E. Lenz
Keyword(s):  
Business Development ◽  
Regional Level ◽  
Entrepreneurial Activity ◽  
Government Agencies ◽  
Online Activity ◽  
Present Evidence ◽  
Start Up ◽  
Growth Activity ◽  
Data Source ◽  
Business Formation

Following recent research, we explore virtually contemporaneous, and geographically granular, user online activity related to entrepreneurship. In this paper, we present evidence that data harvested by Dstillery can complement efforts of, and data collected by, government agencies and organizations advocating for entrepreneurship, business formation and economic growth, e.g., the Kauffman Foundation. Our website-based behavior data is close to real time and at a geographically granular level. We find that the concentration of a region’s visits to website resources for entrepreneurship and business development are statistically related to business start-up and, particularly, growth activity. Visits to websites related to entrepreneurship are more strongly associated with growth entrepreneurship, in contrast to start-up entrepreneurship. While data capture and analysis related to entrepreneurship website activity is in its infancy, this analysis points to the potential of this data source to nowcast business formation and growth at a regional level.

scholarly journals Business Formation: A Tale of Two Recessions

2021 ◽  
Vol 111 ◽  
pp. 253-257
Author(s):  
Emin Dinlersoz ◽  
Timothy Dunne ◽  
John Haltiwanger ◽  
Veronika Penciakova
Keyword(s):  
Great Recession ◽  
Crisis Period ◽  
The Great Recession ◽  
Business Applications ◽  
New Business ◽  
New Applications ◽  
Start Ups ◽  
Business Formation

The trajectory of new business applications and transitions to employer businesses differs markedly during the Great Recession and the COVID-19 recession. Both applications and transitions to employer start-ups decreased slowly but persistently in the post-Lehman crisis period of the Great Recession. In contrast, during the COVID-19 recession, new applications initially declined but have since sharply rebounded, resulting in a surge in applications during 2020. Projected transitions to employer businesses also rise, but this is dampened by a change in the composition of applications in 2020 toward applications that are more likely to be nonemployers.

scholarly journals Innovation in Financial Services: A Challenge for Start-Ups Growth

2016 ◽  
Vol 11 (3) ◽  
pp. 149 ◽  
Author(s):  
Vincenzo Formisano ◽  
Maria Fedele ◽  
Emanuela Antonucci
Keyword(s):  
Community Development ◽  
Financial Services ◽  
Local Community ◽  
Qualitative Approach ◽  
Financial Resources ◽  
Local Context ◽  
Business Growth ◽  
Dual Nature ◽  
Start Ups ◽  
Different Levels

<p>Innovative services offered by a medium-sized bank, deeply rooted in the territory, generate benefits for the local start-ups and consequently for the local context. The present work aims to verify such research hypothesis, focusing on the analysis of economic-financial implications as well as social ones generated by start-ups projects whose initiatives have been considered deserving of funding and then admitted to micro-credit disbursement by Banca Popolare del Cassinate (BPC).</p><p>The methodology implemented has a dual nature. The work firstly detects literature contributes about innovative services for business growth such allocation of financial resources for company survival. Secondly, the empirical part of the paper explores the results produces by the project "First Idea", financially supporting the creation and growth of new businesses that present innovative projects and are supposed to generate worth. Reasonably, the research is based on the qualitative approach, using the multi-method layout for data collection, whose validation is performed through the triangulation method.</p>As result, the analysis confirms the benefits generated by the BPC initiatives at different levels, and that without innovation there is not economic growth nor local community development.

scholarly journals E-commerce now Big Commerce: E-commerce Industry and Consumer Internet Sector & its Effect on the World Today

2021 ◽  
Vol 9 (9) ◽  
pp. 1144-1151
Author(s):  
Dr. Anita Kumari
Keyword(s):  
Fold Increase ◽  
Tier 2 ◽  
Online Activity ◽  
Digital Platforms ◽  
Internet Economy ◽  
Huge Impact ◽  
Negative Impacts ◽  
Medium Businesses ◽  
Tier 3 ◽  
Start Ups

Abstract: The Covid19 pandemic has made a huge impact on the ecommerce industry. The industry has experienced some benefits and problems during the pandemic. People tend to buy more items online as it can be more secure when it comes to the spread of disease. The repocommerce industry is having an increased sales growth. Many methods and techniques are being used by the e rts are saying that overall ecommerce industry to make Covid19 pandemic. This sup the negative impacts that happened to online business during the study is done to deeply analyse the problems and factors that are affecting the Online businesses and to know about the situations of ecommerce business in different parts of the world.The COVID-19 pandemic has had a significant impact on the Indian economy, which saw one of the largest lockdowns globally. The Indian internet economy, which was one of the most attractive markets worldwide, saw a 90% decline in April 2020, crippled by the shutdowns.1The decline was a result of steep falls in business for e-commerce and travel, the largest sectors in the internet ecosystem. However, the pandemic helped accelerate growth for segments such as hyperlocal delivery, edtech, healthtechand online payments as Indian consumers moved online to fulfil their daily needs. Despite a steep GMV fall in the initial months of the lockdown, India’s internet economy is likely to be a net beneficiary in longer run, driven by multi-fold increase in digital interactions and adoption of digital platforms. The number of first time online users has witnessed an increase across segments, along with an increase in online activity from tier 2 and tier 3 cities, which indicates a strong opportunity for enterprises and start-ups to cater to these cohorts digitally as the new normal. What is also expected to drive growth for digitally native start-ups is rising adoption by small and medium businesses in the country. Small merchants across cities are now adopting mobile channels, implementing online payments and exploring collaborations with technologydriven start-ups. Keywords: Ecommerce, Eshops, Covid19, Lockdowns, etc.

scholarly journals The COVID-19 Pandemic and Entrepreneurship in Germany

2021 ◽  
Vol 15 (4) ◽  
pp. 42-51
Author(s):  
Michael Fritsch ◽  
◽  
Maria Greve ◽  
Michael Wyrwich ◽  
◽  
...  
Keyword(s):  
Structural Change ◽  
Manufacturing Industries ◽  
First Year ◽  
Market Selection ◽  
Specific Effects ◽  
New Business Formation ◽  
Temporary Suspension ◽  
New Business ◽  
Start Ups ◽  
Business Formation

The COVID-19 pandemic severely affected not only incumbent firms, but also the emergence of start-ups. This paper investigates and analyzes the pandemic’s effect on new business formation, as well as business exits and insolvencies, in Germany. We find that the overall level of business registrations slightly decreased during the first year of the pandemic, but that the effect is specific to certain industries. Innovative manufacturing industries and technology-oriented services experienced an increase in the numbers of start-ups. High subsidies and a temporary suspension of important criteria obliging firms to declare insolvency weakened market selection resulting in fewer exits in 2020. The relaxation of insolvency regulations may lead to considerable numbers of ‘zombie’ firms. Generally, the pandemic re-enforced ongoing structural change, but also exerted specific effects that may be temporary in nature.

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