Learning from Feedback: Evidence from New Ventures*

This article studies how early-stage entrepreneurs respond to negative feedback about the quality of their ventures. We use data from new venture competitions, some of which privately inform founders of their relative rank. The empirical strategy compares lower and higher ranked losers across competitions in which they did and did not observe their standing. Receiving negative feedback increases average venture abandonment by 13%. Differences in responsiveness—for example, in venture risk, venture maturity, and signal precision—are consistent with particular theories about entrepreneurship, including the importance of experimentation.

Trends in sweet cherry production.

This chapter focuses on the global trend of sweet cherry production. It covers the economics, crop yield, crop quality and organic production. As sweet cherry production continues to expand worldwide, each producer must decide whether to increase production (either through the renovation of old orchards or expansion into new sites), continue at a steady pace or decrease acreage and thus reduce risk but also yields. Since growing cherries is a high risk venture, the best way to proceed will depend on past successes and failures, perceived risks, the possibilities for mitigating those risks and future market potential.

Mechanisms for Economic Regulation of Innovative Activities

The paper considers the term «innovation» as a novelty or newly introduced development, which results in positive economic and social effects to the enterprise concerned. The government plays an important role in regulating innovative processes and acts as a guarantor for private investors. Reviewed are the direct and indirect methods of government regulation in the sphere of innovative activities. The types of tax remissions for entrepreneurs are reviewed and measures, concerning the public risk (venture) enterprise, are outlined.

Impact of Price and Export Quantity on Stock Price: A Case of Agri-Business in Indonesia

Ability to predict the stock price of agribusiness is essential and important as agribusinesses are known to be relatively high risk venture especially commodity based business such as CPO. For investor, it is important to know the factors that affect such price in order to minimize or at least to manage risk associated with such investment. The objective of the study is to explore factors that influence stock price of agribusiness. We begin by assuming that Malaysia CPO price and the quantity of export determine the stock price. A case of CPO Company in Indonesia was selected and its stock price was studied in relation to the mentioned factors. A multiple regression analysis was utilized to test hypothesis. The study indicates that Malaysia CPO price positively affect stock price of the company while for quantity of exports the results indicates that there is not enough evidence to conclude its significant influence on the stock price. It is recommended to always pay attention to the Malaysian CPO price prior to making investment decision on this stock.

Photogrammetry and Multi-Headed Theodolite Systems as Complementary Tools

Foundations for wet accumulator bottles (WABs) are large, complex structures that require fabrication in accordance with exacting dimensional tolerances. WABs are those tanks that store steam for the launching of aircraft off aircraft carriers. The traditional process for fabrication and installation of WAB foundations is a high-risk venture not only from cost and scheduling perspectives, but also from a geometrical perspective. The WAB foundations consist of two units, each with four structural members and two padeyes that require fabrication and installation with respect to an imaginary WAB centerline. Through the complementary use of photogrammetry and a multi-headed electronic theodolite system, the foundations can be fabricated in the shop to the correct shipboard geometry, and installed within tolerances and within cost and schedule. With all of the fabrication completed in the controlled environment of the shop, all structural, fabrication, and installation problems can be alleviated before the actual shipboard installation. This paper explains the methods and techniques for using photogrammetry and a multi-headed electronic theodolite system as complementary tools. It explains the practicality of collecting dimensional data from the existing ship structure using photogrammetry, and using a multi-headed electronic theodolite system to assist in the fabrication of the WAB foundations.