Birds of a feather get lost together : new venture team composition and performance

This study explores the relationship between new venture team composition and new venture persistence and performance over time. We examine the team characteristics of a 5-year panel study of 202 new venture teams and new venture performance. Our study makes two contributions. First, we extend earlier research concerning homophily theories of the prevalence of homogeneous teams. Using structural event analysis we demonstrate that team members’ start-up experience is important in this context. Second, we attempt to reconcile conflicting evidence concerning the influence of team homogeneity on performance by considering the element of time. We hypothesize that higher team homogeneity is positively related to short term outcomes, but is less effective in the longer term. Our results confirm a difference over time. We find that more homogeneous teams are less likely to be higher performing in the long term. However, we find no relationship between team homogeneity and short-term performance outcomes.

Identifying the extent, motivations and barriers to outsourcing of accounting services.

In this paper we analyse the oursourcing of accounting services. The extent to which firms are currently outsourcing, or considering outsourcing such services, and the motivations and barriers associated with outsourcing are identified. Empirical data from a random sample of accounting firms are used in this analysis. Data indicate that the majority of accounting firms are either currently outsourcing or considering outsourcing and that they exopect the volume of oursourced services to increase. In contrast to the scholarly literature advocating labor arbitrage as the primary driver for organizations choosing to outsource, in this study it was found that the main factors underpinning the decision to outsource were the expediting of service delivary to clients, and to enable the firm to focus on its core competencies.

Balanced skills among nascent entrepreneurs

This paper examines the effects and origins of balanced skills among nascent entrepreneurs. In a first step we apply Lazear’s jack-of-all-trades theory to investigate performance effects of a balanced skill set. Second, we investigate potential sources of balanced skills, thereby testing the investment hypothesis against the endowment hypothesis. Analyzing data on high-potential nascent projects, we find support for the notion that balanced skills are important for making progress in the venture creation process. Regarding the origins of balanced skills, the data support both hypotheses. In line with the investment hypothesis an early interest in an entrepreneurial career, prior managerial and entrepreneurial experience are significantly related with a more balanced skill set. Supporting the endowment hypothesis, an entrepreneurial personality profile indicating entrepreneurial talent is correlated with a balanced skill set. Our results thus hint at the need for theories on the origins of a balanced skill set that integrate both views.

Regional characteristics, opportunity perception and entrepreneurial activities

This paper seeks to better understand the link between regional characteristics and individual entrepreneurship. We combine individual-level GEM data for Western Germany with regional-level data, using multi-level analysis to test our hypotheses. We find no direct link between regional knowledge creation, the economic context and an entrepreneurial culture on the one side and individual business start-up intentions and start-up activity on the other side. However our findings point to the importance of an indirect effect of regional characteristics as knowledge creation, the economic context and an entrepreneurial culture have an effect on the individual perception of founding opportunities which in turn predicted start-up intentions and activity.

Technology transfer offices as boundary spanners in the pre-spin-off process: The case of a hybrid model

Over the past decades, universities have increasingly become ambidextrous organizations reconciling scientific and commercial missions. In order to manage this ambidexterity, technology transfer offices (TTOs) were established in most universities. This paper studies a specific, often implemented, but rather understudied type of TTO, namely a hybrid TTO model uniting centralized and decentralized levels. Employing a qualitative research design, we examine how and why the two TTO levels engage in diverse boundary spanning activities to help nascent spin-off companies move through the pre-spin-off process. Our research identifies differences in the types of boundary spanning activities that centralized and decentralized TTOs perform and in the parties they engage with. We find geographical, technological and organizational proximity to be important antecedents of the TTOs’ engagement in external and internal boundary spanning activities. These results have important implications for both academics and practitioners interested in university technology transfer through spin-off creation.

Agronomy looking forward, thinking broadly.

Global trends in human population and agriculture dictate that future calls made on the resources (physical, human, financial) and systems involved in producing food will be increasingly more demanding and complex. Both plant breeding and improved agronomy lift the potential yield of crops, a key component in progressing farm yield, so society can reasonably expect both agronomy as a science and agronomists as practitioners to contribute to the successful delivery of necessary change. By reflecting on current trends in agricultural production (diversification, intensification, integration, industrialisation, automation) and deconstructing a futuristic scenario of attempting agricultural production on Mars, it seems the skills agronomists will require involve not only the mandatory elements of their discipline but also additional skills that enable engagement with, even leadership of, teams who integrate (in sum or part) engineering, (agri-)business, economics and operational management, and build the social capital required to create and maintain a diverse array of enhanced and new ethical production systems and achieve increasing efficiencies within them.

Quality certification and company performance: The newly developed country experience

This study investigates the impacts of ISO 9001:2008 certification on companies in Malaysia. Data were collected from CEOs and Managers through a questionnaire survey. A multivariate analysis and SPSS macro were used as statistical techniques to assess the effects of ISO 9001 certification. Results of the study indicate that ISO 9001 certified companies were having significantly greater benefits and financial performance compared to non-certified companies. However, no significant direct relationship between ISO 9001 certification and company's financial performance was found. A further investigation revealed that financial performance is actually directly related to quality and local and international business performance, which are significantly influenced by ISO 9001 certification. Therefore quality and business performances are involved in the mediational process between the financial performance of companies and ISO 9001 certification. The novelty of this research lies in the establishment of, for the first time, high level statistical relationship between ISO 9001 certification, its mediating factors and financial performance of companies.

Liikkeenjohdollisten oppien ja organisaatiouudistusten maastouttaminen: taikasanana muutos

Tarkastelemme tässä artikkelissa Kansallis-Osake-Pankin ja Merita Pankin henkilöstölehdissä vuosien 1982 ja 1997 välillä ilmestyneitä kirjoituksia. Kiinnostuksen kohteena on muutos kielellisenä rakennelmana, erityisesti suhteessa erilaisiin liikkeenjohdollisiin oppeihin ja organisaatiouudistuksiin. Tutkimme diskurssianalyysin keinoin, miten organisaation ylin johto maastouttaa erilaisia oppeja ja uudistuksia. Erityinen kiinnostuksen kohteemme on se, miten johtajat perustelevat ja oikeuttavat omia näkemyksiään ja toimintaansa muutoksen käsitteen avulla. KOP:ssa ja Meritassa on erotettavissa viisi erilaista liikkeenjohdollista oppia, jotka ilmenivät diskursseina eli vakiintuvina puhekäytäntöinä pankin henkilöstölehden teksteissä 1982–1997: (1) tavoitejohtaminen ja ”tulosvastuu”, (2) divisionalisointi ja erikoistuminen, (3) rationalisointi ja kustannusten karsiminen, (4) asiakaslähtöisyys ja palvelun laatu sekä (5) toimialan uudelleenjärjestelyt. Opit näyttäytyivät omassa ajassaan väistämättömänä ”totuutena”, kunnes ne korvautuivat uusilla opeilla, usein nopeammin kuin ne pystyttiin täysin omaksumaan. Analyysimme osoittaa, että vanhat opit eivät aina välittömästi katoa paikallisista diskursseista johdon tarkoittamilla tavoilla. Tarkastelluissa teksteissä diskurssit jäivät organisaatioon päällekkäisiksi ja limittäisiksi. Niistä muodostui myös toisilleen vastakkaisia ”totuuksia”. Muutos voidaan tutkimuksemme mukaan ymmärtää päätöksentekijöiden käsissä olevana diskursiivinena aseena. Se on taikasana, jota jatkuvaa muuttumista tavoittelevan tahon tulisi kuitenkin käyttää harkiten.

Métodos cuantitativos versus métodos cualitativos en la economía de los Negocios. ¿Es una metodología reconciliable?

Changes in the organizational environment over the last three decades have increasingly led to traditional theories being called into question, by stimulating the search for new models suited to the new realities of business economics, generating a crisis or scientific revolution that may result in the appearance of a new paradigm. The positivism-phenomenology duality provokes an “epistemological crisis” in research in management sciences. But the existence of both approaches does not imply the election of one scientific orientation in frontal opposition to the other. From these two conceptions of research procedure, the methods applied can be classed into groups, quantitative and qualitative. The quantitative methodologies places great confidence in the ability of data and measurement to represent opinions or concepts, while qualitative methodologies focus on words and relations to describe a reality or situation. While the diversity of methods contribute to its development and indicates the maturity of an area, the methods must be suitably implemented to obtain significant, valid results. The methodology to be used is not going to depend solely on the type of study or the reality under examination, but also on the stage the research process has reached.

Ökonomische Betrachtungen zu kurz- und langfristigen Maßnahmen in der Fischerei. Vorstellung von drei Forschungsprojekten

At present, there is practically no research on fisheries economics in Germany. Due to special interest of a research assistant in the field of land economics at the Institute of Botany of the University of Greifswald two projects on fisheries economics are being carried out, and a Ph. D. thesis on this topic has been finished. Basically two levels must be distinguished: business level and economics. Business economics relate mainly to operational and market analysis, but also to consequences of political measures for a single company. Economical considerations relate to long-term measures. It is important to find a compromise between short-term economical success and stable long-term conditions for the fishery.

Propuesta de un modelo de competitividad portuaria: aplicación para Bilbao y las líneas marítimas de contenedores

[ES] Este trabajo de investigación pretende proponer un modelo de cuantificación de la competitividad portuaria que puede alcanzar un puerto comercial para un tráfico de contenedores. Derivado de este objetivo, podría conseguirse una Estrategia a la medida para un puerto concreto orientada a la búsqueda de mercados, fundamentalmente. Para este último aspecto, esta investigación se centra en el Puerto de Bilbao y los servicios directos de línea regular en contenedor en las rutas intercontinentales que conectan Europa con América y el Caribe. La finalidad principal es la elaboración de un modelo teórico tratado dentro del área de la ciencia de la Economía de la Empresa como antecedente inmediato y básico de la Dirección Estratégica. Se consideran varios factores en el proceso de selección de un puerto que pueden contribuir a las preferencias de elección, tanto los relativos a las características del mismo, como a su hinterland para los grupos de usuarios. También se analizarán los estudios sobre modelos y métodos de competitividad portuaria considerados por la literatura especializada en los últimos años. La metodología a utilizar será una combinación de distintos métodos, para la consecución de cada uno de los objetivos. La investigación se apoya en el análisis de Importance–Performance (IPa) que consiste en evaluar tanto la satisfacción del cliente y la calidad del servicio. El análisis IPa tiene preponderancia para la obtención de un índice de competitividad de un puerto de contenedores. Dicho índice podría ser calculado mediante el uso de postulados y reglas de la matemática, en concreto de la Teoría de la Decisión/ Investigación de Operaciones.

Becoming a CEO: an exploration of the theory and practice of effective organisational leadership

This Thesis is an exploration of potential enhancement in effectiveness, personally, professionally and organisationally through the use of Theory as an Apparatus of Thought. Enhanced effectiveness was sought by the practitioner (Subject), while in transition to becoming Chief Executive of his organization. The introduction outlines the content and the structure of the University College Cork DBA. Essay One outlines what Theory is, what Adult Mental Development is and an exploration of Theories held in the Authors past professional practice. Immunity to change is also reflected on. Essay Two looks at the construct of the key Theories used in the Thesis. Prof. Robert Kegan’s Theory of Adult Mental Development was used to aid the generation of insight. The other key Theories used were The Theory of The Business, Theory of the Co‐operative and a Theory of Organisational Leadership. Essay Three explores the application of the key Theories in a professional setting. The findings of the Thesis were that the subject was capable of dealing with increased environmental complexity and uncertainty by using Theory as an Apparatus of Thought, which in turn enhanced personal, professional and organisational effectiveness. This was achieved by becoming more aware of the Theories held by the practitioner, the experiences from the application of those Theories, which then led to greater insight. The author also found that a detailed understanding of the Theory of the Business and a Theory of Leadership would support any new CEO in the challenging early part of their tenure.

Reasoning about trust, entrepreneurial services, and the virtual team

This Portfolio of Exploration (PoE) tracks a transformative learning developmental journey that is directed at changing meaning making structures and mental models within an innovation practice. The explicit purpose of the Portfolio is to develop new and different perspectives that enable the handling of new and more complex phenomena through self transformation and increased emotional intelligence development. The Portfolio provides a response to the question: ‘What are the key determinants that enable a Virtual Team (VT) to flourish where flourishing means developing and delivering on the firm’s innovative imperatives?’ Furthermore, the PoE is structured as an investigation into how higher order meaning making promotes ‘entrepreneurial services’ within an intra-firm virtual team, with a secondary aim to identify how reasoning about trust influence KGPs to exchange knowledge. I have developed a framework which specifically focuses on the effectiveness of any firms’ Virtual Team (VT) through transforming the meaning making of the VT participants. I hypothesized it is the way KGPs make meaning (reasoning about trust) which differentiates the firm as a growing firm in the sense of Penrosean resources: ‘inducement to expand and a limit of expansion’ (1959). Reasoning about trust is used as a higher order meaning-making concept in line with Kegan’s (1994) conception of complex meaning making, which is the combining of ideas and data in ways that transform meaning and implicates participants to find new ways of knowledge generation. Simply, it is the VT participants who develop higher order meaning making that hold the capabilities to transform the firm from within, providing a unique competitive advantage that enables the firm to grow.

Explorations in a meaning making system: Kerry as an entrepreneurial platform and the equine sector as a cluster

This Portfolio is about the changes that can be supported and achieved through transformational education that impacts on personal, professional and organisational levels. Having lived through an era of tremendous change over the second half of the twentieth century and into the twenty-first the author has a great drawing board to contemplate in the context of professional career experience as an engineer. The ability to engage in ‘subject-object’ separation is the means by which Kegan (1994, 2009) explains that transformation takes place and the Essays in this Portfolio aim to support and bring about such change. Exploration of aspects of ‘Kerry’ is the material selected to both challenge support change in the way of knowing from being subject to certain information and knowledge that to being able to consider it more objectively. The task of being able to distance judgement about the economy and economic development of Kerry was facilitated by various readings around of a number of key thinkers including Kegan, Drucker, Porter and Penrose. The central themes of Kerry or the potential for economic development are built into each Essay. Essay One focuses on reflections of Kerry life - on Kerry people within and without Kerry - and events as they affected understandings of how people related to and worked with one another. These reflections formed the basis for transformational goals identified which required a shift from an engineering mindset to encompass an economics-based view. In Essay Two knowledge of economic concepts is developed by exploring the writings of Drucker, Penrose, and Porter with pertinence to considering economic development generally, and for Kerry in particular in the form of an ‘entrepreneurial platform’. The concepts and theories were the basis of explorations presented in Essays Three and Four. Essay Three focuses on Kerry’s potential for economic development give its current economic profile and includes results from interviews with selected businesses. Essay Four is an exercise in the application of Porter’s ‘Cluster’ concept to the equine sector.

Inquiring into perspective transformation in university education

My Portfolio of Exploration tackles the difficult question as to whether adult mental development can be accelerated and if so how. Rooted in constructive-developmental ideas, adult mental development is explained as an evolutionary unfolding of human capability. Going beyond this I look at the possibility of advancing development as transformational growth in adulthood in the belief that a broader perspective leads to increased effectiveness in professional life. Initially I explored my own meaning making, to make sense of my experiences, knowledge, relationships and my own motivations. This exploration has provided me with a ‘developmental bridge’ between my current way of knowing and a new more enlightened way. I have come to view my way of making meaning in the world as an evolving and progressive sequence of emotional and cognitive development. Through the formation of new stretching experiences, increased self - awareness and reflection my previous perspective has been overtaken by a more complex form of being aware of myself, others and the world. I refer to this process of growth as transformation. As part of my own transformational work I have conducted an inquiry into transformational growth and learning in the early academic life of university undergraduates. The result shows how accelerated adult mental development can be achieved in an academic environment ably preparing students for the workplace. This new model of education is part of a truly unique and exciting model signalling ground-breaking change for the undergraduate experience. The overhaul of a traditional BA degree in Economics into a world-class transformational programme is discussed through-out my Portfolio. Central to my broadening awareness is the challenge and nurturing required to awaken the student’s ‘internal authority’ . This involves stimulating students to take ownership for their own thinking, steering them away from the passivity and complacency of thinking through the minds of others. In doing so, the ultimate aim of renewing the BA is to narrow the developmental ‘mismatch’ which exists for m any college students between them and the world of work, by encouraging and inviting them to take on the challenge of thinking independently. Mindfulness, awareness, and personal authority are treated with reverence throughout the exploration as I consider them core parts of the students engaging with development. Engagement is construed as an active and open-minded process of awareness involving planning and reviewing one’s own goals and performance, engaging in constructive feedback, reflection and new action. I conclude with a view that the journey of adult mental development is relentless and that undergraduate education represents a crucial beginning. The value and relevance of transformational education rooted in developmental principles provides a significant opportunity in advancing development and perspectives at the start of adult life.