Open Innovation Strategies in SMEs

Open innovation in enterprises has already obtained its acceptance at all levels of the business industry for adding worth to the business. The value could be in the form of economic expanse or enhancement of knowledge leading to a sustained financial base. Open innovation adopts various strategies to accomplish the task for enhancing the value gain. Varying by size, nature, pattern, or characteristics of the firm, various strategies are being adopted by enterprises. Though largely known to be familiar in corporate business houses, in recent years, open innovation is also becoming increasingly recognizable in small and medium enterprises (SMEs), and the trend is rapidly escalating. However, despite the potency of open innovation strategies, most of the enterprises are yet to find a sustained business model, especially for the SMEs working at the outmost periphery of that value chain. This chapter is trying to formulate a business model incorporating partnership approach from academia, research houses, intermediaries, practitioners, and other stakeholders.

How populist attitudes scales fail to capture support for populists in power

Populist attitudes are generally measured in surveys through three necessary and non-compensatory elements of populism, namely anti-elitism, people-centrism, and Manicheanism. Using Comparative Study of Electoral Systems Module 5 (2016–2020) data for 30 countries, we evaluate whether this approach explains voting for populist parties across countries in Asia, Europe and the Americas. We show that the existing scales of populist attitudes effectively explain voting for populists in countries where populist leaders and parties are in opposition but fail to explain voting for populist parties in countries where they are in power. We argue that current approaches assume “the elite” to mean “politicians”, thus failing to capture attitudes towards “non-political elites” often targeted by populists in office—in particular, journalists, academics/experts, bureaucrats, and corporate business leaders. The results reveal limits to the usefulness of existing survey batteries in cross-national studies of populism and emphasize the need to develop approaches that are more generalizable across political and national contexts.

Corporate Governance in the Digital Economy

The task of organizing corporate governance of groups of business systems that carry out industrial activities in the Industry 4.0 paradigm and are focused on a single market segment is considered. The subjects of governance are defined as residents of corporate business relations (stakeholders) who provide management or action the business as an investor, owner, lender, etc. The objects of governance are defined as business systems and their groups (business complexes, State corporations) formed as a result of institutional and infrastructural transformations in the primary and aggregated parts of industry. The innovative component (subject), corresponding to the globalization of economic and digitalization of business processes, introduced an information system into the management channel that performs modeling and evaluating the effectiveness of corporate business relations in a virtual environment using digital twins of governance objects. Digital twins are the information components of a virtual corporation deployed on a platform of a decentralized ecosystem. The criterion for the quality of governance is the effectiveness of the corporation, formed in a balanced space of parameters relevant to financial and production indicators. The technology is described and the scheme of the corporate governance system is presented, which complementarily combines the action of business management systems and artificial intelligence (scheduler) of the virtual environment on the groups. It is proposed to extend the mechanisms of corporate governance to the business relations of the parties regulated in the digital institutional environment by electronic procedures.

The Leading Traits of the Modern Corporate Leader: Comparing Survey Results from 2008 and 2018

This article deals with the evolution of leadership in the corporate business environment by presenting the results of comparative empirical studies conducted in 2008 and 2018. Based on an analysis of empirical research on the 2000 largest global corporations, obtained from the Forbes Global 2000, this work presents the changes that took place over a decade in the characteristics and competencies of contemporary leaders. The results allowed us to identify the desired characteristics, competencies, and character traits of contemporary leaders. In fact, the comparative analysis of these data showed the dynamics of change in the approach of global corporate leaders over the decade. The research results have important implications for the energy sector. Some of the companies participating in the study operate in the energy sector, therefore the opinions of these CEOs indicate significant determinants of modern leadership in this type of enterprise. When analysing the research results on the vision and scope of leadership impact in corporate business, we pointed, among other things, to the assessment of leadership traits, the evolution of leadership activities’ delegation, and the assessment of the importance of managers’ individual action areas and leadership factors.

Power Dynamics and Corporate Power in Governance Processes: Evidence From U.S. Environmental Governance Systems

Prior research has documented involvement of government and civil society actors in governance processes, but has largely neglected a key player: corporate business interests. Combining insights from social-ecological systems, organizational systems theory, theories of governance and power, interest group rule-making participation, and non-state alternative environmental governance, we examine corporate involvement and power in environmental governance systems. Drawing on a sample of Twitter messages about fuel economy standards, posted between 2012 and 2020, we offer a sector-level discourse analysis of corporate power and its interaction with the sociopolitical environment. The results suggest that business interests are gaining increasing power in the participation arena of U.S. fuel economy governance processes. The results likewise indicate corporations’ response to a changing political landscape in the U.S. Taken together, our analysis advances current scholarship on power dynamics in governance processes and on empirical assessment of power, offering implications for governance system design and implementation.

The socio economic challenge to improve the productivity of brackish water aquaculture business in Aceh Tamiang Regency

There were 3,624.5 hectares of the brackish water pond in Aceh Tamiang, which can support the national shrimp export program. The problems arise due to the pond ownership matter, the source of financing, the technology used, and the institutionalization action to improve productivity. The purpose of this research is to improve brackish water pond productivity based on socio-economic aspects in the location. The survey to achieve these aims conducted from April - May 2021, in eight villages in Aceh Tamiang. Data and information were interviewed from 160 pond farmers. Simple statistics and descriptive techniques were used to analyse the data. The main findings are: 91.1 % of the traditional brackish water farmers depend on commercial seed and feed; the productivity of the brackish water pond is between 1.2 tonnes/hectares/year - 2.4 tonnes/hectares/year; the average pond ownership is between 1.1 and 3.4 hectares/farmer; 60% - 94,1% of financial funding to run business depends on their source and the rest from investor or trader. This research recommends: the brackish water farmers in all villages should be organized in one “corporate business” to improve productivity. This institution is owned by farmers based on money stock and managed by professionals.

Ensuring the Economic Security of Economic Entities Through the Development of the Corporate Business Environment

Aim. The presented study aims to examine conceptual provisions for the formation and development of the corporate business environment to substantiate its increasing impact on the tools and methods used in solving management problems associated with ensuring the economic security of economic entities.Tasks. The authors determine the relationship and mutual influence between the corporate business environment and the management process aimed at ensuring economic security; identify the most significant components of the corporate business environment, focusing on corporate culture and commercial confidentiality; characterize the directions of government influence on the improvement of the corporate business environment to enhance the economic security and competitiveness of domestic economic entities in the national and global markets.Methods. This study analyzes scientific approaches to understanding the essence and content of the corporate business environment as well as its impact on the economic security of economic entities. The results of the analysis indicate the increasing influence of economic security on the engagement of economic entities in the formation of an effective corporate business environment.Results. The authors propose to modify the process of ensuring a high level of economic security so as to reflect the integrated interests of a wide range of economic entities related to each other both directly and indirectly. They also determine directions for the government’s stimulating influence on the improvement of the corporate business environment and the economic security of economic entities.Conclusions. The conducted study of economic security and the corporate business environment indicates a stable, direct, and inverse relationship between them. This makes it possible to formulate conceptual proposals for improving management in the field of the development of economic entities and increasing their efficiency based on economic security.

Impacts of Firm Performance on Corporate Social Responsibility Practices: The Mediation Role of Corporate Governance in Ethiopia Corporate Business

In today’s globalized economy, the corporate company faces ever-increasing competitive and social pressures. This paper aims to identify the impacts of firms’ performance on corporate social responsibility practices using the mediating roles of corporate governance evidence from Ethiopia’s corporate business. The impacts of firms’ performance on CSR and corporate governance as a mediator variable were studied using a sample of TIRET corporate companies, in the Amhara region, Ethiopia. The structural equation model and multiple regression analysis were estimated and tested using 21 corporate companies. The derived model reveals how corporate governance mediates the favorable relationship between CSR and firm performance. The result indicates that a firm’s performance is the most significant influencing factor on CSR among the impacts examined in this study. Corporate governance has a positive role in serving as a legitimacy source for CSR practice. This study discusses the significance of results-based resource theory and presents the conclusion and implications. To solve the gaps in firm performance, return on asset, debts on capital structure, and governance, the corporate firms should identify unproductive enterprises and outsource non-core values. To overcome the existed inefficiency difficulties, this study proposed that corporate enterprises should be restructured, rebranded, reconsider their business models, and acquire technology-based firms. This paper contributes to CSR literature in the context of emerging economies. Firms, policymakers, and practitioners may take steps to improve CSR practice. In general, we conclude that in Ethiopia, including in the Amhara region, socially responsible corporate enterprises are more likely to be successful, and vice versa.