Business Innovation Intensity within Creative Services Businesses in Indonesia

In Indonesia’s New Normal era, creativity is an important aspect for businesses. Previous research suggests the relationship between team support, individual perceptions, the intensity of team and company innovation on students who have entered the world of work. This study explores the effect of individual perceptions, perceptions of team support on the intensity of service business innovation which is mediated by the intensity of team innovation. Data collection was carried out by distributing online questionnaires to 204 employees who work in creative industry service businesses in Indonesia. The study found that perception of individual creativity skills had a positive effect on perceptions of team support for innovation, and perceptions of team support for innovation had a positive effect on the intensity of company innovation. Furthermore, the relationship between perceptions of team support for innovation and entrepreneurial firm innovation intensity is partially mediated by team innovation intensity.

Toward maximization of peer-to-peer accommodation hosts’ competitive productivity (CP)

Purpose The research purpose is to conceptualize competitive productivity (CP) in the peer-to-peer (P2P) accommodation businesses. This study aims to conceptualize the four driving forces of P2P hosts’ CP and to empirically capture guest-based equity that supports such conceptual hosts’ CP model. Design/methodology/approach The goal of this paper is to apply Bauman’s Firm competitive productivity (FCP) model to the P2P accommodation business to conceptualize the CP of micro-entrepreneurial hosts. Four areas of the FCP model were reviewed to find how each of them contributes to the P2P hosts’ CP maximization. Findings Host talent, host resource management, value and host branding were conceptualized as key drivers of P2P hosts’ CP. The study also filled a gap in current literature by empirically analyzing online reviews to successfully capture key guest-based equity as satisfiers contributing to host talent, resource and branding. Practical implications Based on the hosts’ CP model, customer-generated resources play a significant role in the managerial implications, so that guest reviews with needs and wants and ratings can be empirically used to strengthen hosts’ CP under specific market circumstances. Originality/value This study is the first attempt to conceptualize a P2P host as a micro-entrepreneurial firm in the sharing economy platform for CP. This study looked at how the unique characteristics of the P2P accommodation industry and guest-based equity affect the P2P hosts’ CP.

Building an entrepreneurial business model: The case of MKM Building Supplies Ltd

Adopting the metaphor of a story, the case study explores and offers insight into the creation and operationalization of an innovative business model by an entrepreneurial firm that challenged and disrupted the competitive dynamics of an established industry sector, namely building supplies. The case is focused on MKM Building Supplies Ltd and its co-founder’s entrepreneurial approach to business model innovation in creating a sustainable start-up business model aimed at market disruption. The entrepreneurial business model is operationalized by a strategy of growing, primarily organically, a national network of branches together with the creation, delivery and realization of value in the form of superior service from their hand-picked local managers who are focused on customer relationships and local markets. The firm is both ethical, whereby humanitarian risks are minimized in their global supply chains, and philanthropic, whereby the branches are also committed to supporting their local communities. The case engages students to consider the impact of entrepreneurial business model thinking and innovation and also the local-national-international tensions in global value chains.

It’s Not (Only) the International New Venture But (Also) the Micromultinational, Daftie!

This chapter advances the argument that, together with the international new venture (INV; or, born global (BG) firm), the unit of analysis in international business (IB) strategy should also be the micromultinational enterprise (mMNE). Based on the IB strategy and international entrepreneurship (IE) literatures, the chapter posits that the mMNE is a salient international entrepreneurial firm that has been neglected from most empirical work. The argument is built on an IE literature search and subsequent conceptualization around the dimensions of international entrepreneurial orientation (IEO). It is posited that risk attitude manifested in hefty resource mode commitments (contractual joint ventures and wholly owned subsidiaries) forms a key entrepreneurial dimension that should be a major focus of empirical analysis beyond innovativeness and proactiveness. The main contribution of this chapter is that it delineates the dimensions and manifestations of IEO and advances research in this area. The aim is to persuade the reader that the mMNE should be a focal firm of interest in the IB strategy and entrepreneurship arenas.

Carl Menger's Grundsätze as a Foundation for Contemporary Entrepreneurship Research

This paper takes the subjective value theory, conception of economic goods, and the hierarchy of needs from Carl Menger's Grundsätze der Volkswirtschaftslehre (1871) to elaborate a model of strategic entrepreneurship. Menger's account of subjective valuation by buyers of goods in market exchange fills a gap in most conceptual approaches to entrepreneurship, which are based on a highly impermeable boundary around the entrepreneurial firm. We examine how this account "closes" an economic model of entry for an entrepreneurial firm in an existing rivalry network by making the assessment of value explicit with respect to buyer needs relative to goods sold by incumbent firms. A formal representation of Menger's needs hierarchy in the face of qualitatively different market goods is the centerpiece of the strategic entrepreneurship model. This conceptual model is tied to methods of eliciting subjective valuations of product attributes and buyer needs fulfilment from the literatures of consumer behavior, marketing, and organizational psychology. This serves as a methodological basis for scholarship in entrepreneurship.

Entrepreneurial Efficacy in Agricultural Sector of Pakistan

Entrepreneurial efficacy is about acquiring skills pertaining to create an innovation-based entrepreneurial firm in the face of uncertainty. Pakistan has the least number of new entrepreneurial startups even among the factor-driven economies indicating a low level of efficacy among the masses. The objectives of the study were to assess entrepreneurial efficacy across different productive sectors of agricultural business – the largest employment generating sector - in Pakistan. The study adopted instruments from the study of McGee et al. and conducted exploratory factor analysis (EFA), confirmatory factor analysis (CFA), and multi-group CFA to establish its stability. The results of CFA revealed that difference in nature of business has a differentiating effect on entrepreneurial self-efficacy. The study found that entrepreneurs in the agricultural sector of Pakistan lack the ability to create innovations based startups, and most of the entrepreneurial activity is either need-based or imitation with little or no differentiation. The lack of training programs in schools and universities is one of the causes of a low number of startups and risk-taking abilities. Agricultural marketing networks are weak and this reflects in the lower level of product differentiation, mass production, and adoption of new technologies and techniques in the agricultural sector of Pakistan.

Entrepreneurship and the firm: a conversation on foundations and prospects

Entrepreneurship has emerged as a major research theme across a number of disciplines and fields, including the industrial dynamics tradition. Entrepreneurship is often seen as closely linked to firms and firm formation. However, the links between economic organization and entrepreneurship are unclear. Do entrepreneurs always need firms to realize their plans? If so, why? Can firms be “entrepreneurial”? If so, what is the difference between an entrepreneurial and a non-entrepreneurial firm? More broadly, how can entrepreneurship be informed by the theory of the firm and vice versa? These foundational issues in both the theory of the firm and the field of entrepreneurship have not been resolved. This dialogue between two scholars who have worked at the intersection of entrepreneurship and the theory of the firm for more than 20 years addresses such key questions as: What is the meaning of “uncertainty” and what is its role? What are the features and roles of resources? How are resources linked to property rights and the firm? On what basis can we say that firms differ in the extent to which they are “entrepreneurial”?