Search Results (14)

In agriculture, the intricate relationship between innovation, productivity, and entrepreneurship is underexplored. Despite the widely recognized role of innovation in driving productivity, concrete indicators and comprehensive farm-level studies are lacking. This research aims to unravel this complexity by exploring the impact of innovation, specifically in agricultural entrepreneurship, on transformative changes in farm productivity. The work presented in this manuscript explores how farm-level data derived from the Farm Business Survey (FBS) for the period between 2003 and 2014 is used to identify innovators and to assesses changes in productivity, technical efficiency, and economic efficiency. Therefore, it aims to contribute to comprehensively exploring the role of innovation, particularly within the context of entrepreneurship in agriculture, and its influence on driving transformative changes in farm productivity. Results reveal significant productivity variation and a moderate overall improvement. Furthermore, investment in human resources, particularly managerial input, significantly enhances farm productivity across various models, indicating experienced managers utilize technology effectively. Notably, management and human capital innovation drive positive productivity changes in the UK cereal sector for the period 2003–2014, surpassing technological advancements. Efficient farmers leverage experience to benefit from operational scale changes, emphasizing the importance of accumulated knowledge. Hence, policy interventions should recognize these nuances; while promoting vocational training aids technology adoption, it may not spur management innovation. Thus, strategies must balance various aspects to effectively foster innovation in agriculture, considering both technological and managerial advancements for sustained productivity growth. The study advocates for a departure from the ‘bigger is better’ mentality, proposing educational programs and support services to encourage informed decision-making. This forward-looking approach aims to inform future policies and enhance understanding of the intricate dynamics between agricultural innovation, productivity, and entrepreneurship. Full article

Background: The Industry 5.0 emerges as a new paradigm for the industry by considering sustainability, human-centered approaches, organizational resilience, and interaction between humans and machines as its core values. This new trend for the future of the industry is referred to as neoindustrialization. Due to being a topic in development, there is still no precise consensus on its definition, which prompted the current study to comprehensively investigate and analyze the existing literature on Industry 5.0. Methods: The method employed was a scoping review, examining publications from various databases and academic journals, including those specific to the Brazilian context. Results: The results indicate a transition towards an industry that meets societal demands and respects planetary boundaries, aspects that were overlooked by Industry 4.0. Conclusions: In this new scenario, the industry reassumes its leadership by combining technology with new strategies and organizational models. Furthermore, it undergoes organizational changes to align its structure, operations, human resources, and new practices, aiming to meet the demands of society and all stakeholders involved. To achieve this, it is necessary to create an environment conducive to innovation and entrepreneurship, promoting the development of qualified human capital, investments in research and development, and strengthening partnerships between the public and private sectors. A successful neoindustrialization policy will generate high-quality jobs and foster economic growth. Industry 5.0 is the paradigm that will prevail in the 21st century. It is not a matter of speculation; it is an inseparable and inevitable reality. Otherwise, the industry will be relegated to a secondary role in the process of digital and social transformation. Full article

Because of the COVID-19 pandemic, the world has experienced major technological and procedural changes that will continue in the post-pandemic age. For this reason, firms are expected to learn from such an unprecedented experience and ensure that the managerial and workforce practices in the post-pandemic period are directed toward rebuilding and reinventing the workplace. Within the scope of the research topic: “Diversity, Innovations, and Entrepreneurship in Post-crisis Periods”, this study accentuates the positive impact of human capital development programs in enhancing employee performance. Moreover, the roles of resilience, empowerment, and mimetic isomorphism are analyzed to better enable firms to learn from their past experience and develop practices that fit the agile environment. A questionnaire was administered targeting 370 employees in 12 SMEs in Lebanon. A conditional analysis was used to test the hypotheses through SPSS, PROCESS. The results of this study showed that the deployment of developmental programs is deemed indispensable for enhancing the performance of SME employees and helping them overcome the challenges posed by the pandemic through empowerment and resilience. This study can be useful for academics who might benefit from its theoretical implications and prospective directions for future analyses. Moreover, its results can also be helpful for practitioners, specifically managers of SMEs who are seeking to reinvent their workplace in a responsive way in the post-pandemic age. Full article

Strategic entrepreneurship refers to the ability of an MSME to investigate potential entrepreneurial ventures while exploiting its current competitive advantages. Academics and practitioners have offered models to deconstruct strategic entrepreneurship; however, there are few distinctive strategic entrepreneurship models appropriate for certain business circumstances. Culinary businesses in Cibinong District, Bogor Regency face several challenges, including low-quality human resources, inadequate capital and technology, and poor entrepreneurial spirit. This study aims to learn how the performance of women-owned fish processing MSMEs under COVID-19 conditions connects to several strategic entrepreneurship components, such as environmental factors, individual resources, resource orchestration, and competitive advantage. Research data taken from 30 women-owned fish processing businesses were processed using SMART-PLS 3.0, followed by a quantitative descriptive method analysis. The outcome was that the components of the environment, specific resources, and orchestration of those resources could generate performance and value for the customer, leading to competitive advantages. This research provides a current understanding of attitudes to businesswomen’s activities throughout the pandemic period, particularly in relation to entrepreneurship chances and MSME performance. Strategic entrepreneurship is necessary to improve performance in dynamic environments. Full article

Knowledge and skill acquisition is a driver to the socioeconomic growth of a country, yet economic challenges, rapid urbanization, and migration have contributed to youth unemployment in Ghana. The introduction of auto-rickshaws in 2015 has increased access coverage to transportation, augmented existing public transportation, and created avenues for both operators’ and mechanics’ employment through co-ordinated skill development actions to empower youth-in-entrepreneurship. However, these have not been fully utilized and developed by the Government. The study seeks to identify basic needs of auto-rickshaw mechanics in establishing a sustainable repair and maintenance enterprise, identify challenges confronting auto-rickshaw mechanics, and analyze activities of the youth who repair, maintain, and service auto-rickshaws within the formal and informal sectors for sustainable enterprises. The study is underpinned by both resource-based and human capital theories: education and apprenticeship bothers on human capital theory, while entrepreneurial experience, shop space, business duration, and so on projects the resource-based theory. Questionnaires were administered to 237 auto-rickshaw mechanics and interviews were conducted for some selected auto-rickshaw mechanics to investigate challenges in the business in the Kumasi Metropolitan Area through a clustered and systematic sampling technique. Data analyzed using SPSS v.26 indicated a very youthful auto-rickshaw mechanic population with low educational level that operates without licensed garages. About 68.8% of the mechanics possessed some form of apprenticeship training, though they are not specific to auto-rickshaw repair and maintenance. Further, 71.7% auto-rickshaw mechanics do not keep records of their activities and there is a general lack of entrepreneurial skills among them. Lack of financial support from financial institutions was found to be a major challenge. The binary logistic regression model retained and confirmed six out of the seven predictors, including sex, age, education, marital status, duration of repairs and/or maintenance, shop space, tools and equipment, and mechanical training, as significant contributing factors to entrepreneurship training offered to enterprises within the Kumasi metropolis. The study recommends the urgent need to upgrade the technical and entrepreneurial skills of auto-rickshaw mechanics through the establishment of targeted and result-oriented training centers for better efficiency. The authors further recommend financial institutions to consider giving financial support to auto-rickshaw mechanics to help sustain their businesses. Full article

A business may adopt a strategy for sustainability and may implement its strategy in its practice. Our question is, how are strategy and practice coupled and shaped by entrepreneurs and businesses embedded in national eco-systems in the Middle East and North Africa and around the world? Businesses were randomly sampled and surveyed in 2021, and national conditions were assessed by experts in ten countries in the Middle East and North Africa and in Spain and other countries around the world, as part of the Global Entrepreneurship Monitor. Strategy and practice are found to have a loose coupling but are tighter in the Middle East and North Africa than in Spain. Strategy is promoted by support from businesses and governments, but support depends on national wealth. Strategy and practice by entrepreneurs and businesses are promoted by the entrepreneurs’ human and social capital and the value of making a difference in the world and continuing a family tradition. Findings contribute to understanding business engagement with sustainability, specifically in the Middle East and North Africa, as compared to Spain and in a global perspective. Full article

This article aims to describe, in depth, the experiences of migrant workers from China in maintaining their livelihoods in Timor-Leste through entrepreneurial activities before and during the COVID-19 pandemic. Specifically, this study discusses sustainable livelihoods with the knowledge of migration, adaptation, and entrepreneurship in Timor-Leste. To fulfill these aims, a qualitative methodology with a phenomenological approach was adopted by interviewing eight Chinese migrants who run businesses in Timor-Leste. Furthermore, the framework for the concept of sustainable livelihoods of the Department for International Development (DFID) was adapted to explain, in depth, the phenomena. The finding reveals that economic reasons encourage and attract Chinese migrant workers and entrepreneurs to Timor-Leste. The adaptation process of migrants in Timor-Leste relies on social capital to synergize with local communities in terms of culture, further affecting the comfort and security of entrepreneurship. From the perspective of sustainable livelihoods, migrant workers take advantage of human capital in the process of accumulation of financial capital to enhance their business activities. Meanwhile, migrant entrepreneurship expands their financial capital and human capital into social capital, physical capital, and natural capital. The findings also explain that the mobility and access to financial capital of Chinese migrants are supported through institutional structures, entrepreneurship activities, and policies. Furthermore, to ensure livelihood sustainability and business, Chinese migrants in Timor-Leste can carry out business intensification, extensification, diversification, and transformation strategies. Full article

Human resources are very important in a business; however, the return on investment in human resources is longer than in fixed assets, so entrepreneurs frequently consider how much to actually invest. This article, based on primary research, examines the motivations for investment when a 20% profit is typically invested with a model return of around 14%. Those findings are supported by the results presented in Archetype models based on similarity clustering. The results are based on an empirical study (278 respondents, omnibus survey) in the Czech Republic. Moreover, the study concludes that the business experience positively influences human resource management and future development to increase the investment share. In essence, this article displays the paramount importance of human resources and human resource management in the international business environment, demonstrating that investments in human resources are crucial to the success of all businesses, positively and consistently supporting organizations’ performance, and entrepreneurship will continue to remain a vital component of the activities belonging to the post COVID-19 era. In addition, in an era governed by the influences specific to the knowledge-based society and the knowledge-based economy, in which intellectual capital will be considered one of the most relevant intangible assets of entities all over the world, the measurement of human resources investment will turn out to be essential for the success of all businesses, while taking the necessary steps in supporting sustainability, sustainability assessment and Sustainable Development Goals (SDGs). Full article

In higher education institutions, entrepreneurship learning based on successful entrepreneurial role models may promote education for sustainable development. Several theoretical perspectives, such as the human capital theory, the entrepreneurial self-efficacy and self-determination theory, argue that entrepreneurship education is positively correlated with entrepreneurial intentions of students, as it provides adequate know-how and skills and motivates them to develop their entrepreneurial careers. In entrepreneurship education programmes, exposure to successful entrepreneurial models could be a significant factor for stimulating students’ confidence in their ability to start a business and for improving their attitudes towards entrepreneurship. This study aims (i) to identify characteristics viewed by students as being specific to a successful entrepreneur, (ii) to establish the influence of exposure to successful entrepreneurial role models (chosen by students) during entrepreneurship education classes on student entrepreneurial intentions, and (iii) to assess how such exposure influences the attitudes of students towards entrepreneurship. For this purpose, the authors ran a pilot experiment with 30 graduate students enrolled in a Business Creation course using a research methodology that combined qualitative techniques with quantitative measures. Content and statistical analyses were utilised to examine differences in student entrepreneurial intentions and attitudes towards entrepreneurship after being exposed to successful entrepreneurial models. Our study provides evidence that entrepreneurship education based on successful entrepreneurial role models may positively influence the entrepreneurial attitudes and intentions of students and could lead to higher orientation of student perception towards social benefits of entrepreneurship (new jobs) compared to financial ones (high income). However, our findings stress that if educators want to improve the efficiency of education focused on developing entrepreneurial skills, graduate programmes should be designed differently for business and non-business students, since studying successful entrepreneurial stories impacts these two groups differently. Full article

Drawing upon human capital theory and the co-production view of business support processes, this paper investigates the moderating effects of network involvement on entrepreneurship-specific human capital (ESHC) that determines the tenants’ survival in an incubator. Longitudinal data between 2006 and 2009 of 71 ventures located in an incubator in China have been collected and analyzed. The research confirms that network involvement strengthens the influence of entrepreneurial experience on tenants’ successful graduation, but does not impact the relationship between entrepreneurial family background and tenants’ graduation. Full article

The aim of the current paper is advance a comprehensive framework meant to bridge three major concepts, namely intellectual capital (IC), the internationalization process of small and medium-sized enterprises (SMEs) and the achievement of sustainable competitive advantage. The paper stresses upon a managerial perspective within the internationalization context, investigating the human, structural and relational capital apposite to managers or entrepreneurs. By directly addressing the relationships among the constructs, the endeavor is complementary to previous systematic reviews on similar topics which tangentially discuss the conceptual triad and thus proposes an integrative research agenda for future interdisciplinary studies straddling the fields of management, business, entrepreneurship and sustainability. In terms of methodology, a systematic literature review was envisaged, by applying a stepwise approach and multifold criteria. Over 100 scientific articles published in peer-reviewed journals were scrutinized and considered in the analysis. The literature review revealed that conceptual papers in the field are scarce despite the variety of their aims and approaches. The quantitative-based empirical studies prevail over the qualitative ones, while mixed methods research designs are scant. In terms of content, the extant studies fall short to advance research and structural models testing and assessing the specific relations among constructs and avail new research avenues focused on the underlying processes of SMEs internationalization by means of intellectual capital harnessing and sustainable competitive advantage achievement. Full article

The concept of social entrepreneurship has not reached full understanding in almost all developing countries, specifically in Pakistan. Social entrepreneurship is an outstanding social vehicle that, if adopted, can transform a society by resolving its social, economic, and environmental issues with the help of homemade solutions for social problems. The phenomena of social entrepreneurship rarely exist in Pakistan, due to a lack of research in and awareness of the field. So far, no quantitative or qualitative research has been conducted on the subject area of social entrepreneurship. Thus, the prime objective of this study is to investigate the effect of personal factors (human capital, social capital, motivational factors) on the development of social entrepreneurial ventures in Pakistan. This research study has investigated the interaction effect of the collaboration of quadruple helix sectors on the factors that affect the development of social entrepreneurial ventures in Pakistan. Quadruple Helix Innovation Theory (QHIT) explains that the economic development of a country stands on four pillars: university, industry, government, and civil society. In this research, a quantitative research approach has been adopted by using a survey questionnaire. This research study has used convenience sampling to select a sample from the target population for collecting answers from respondents who were conveniently available. The population of this study includes all of the social entrepreneurs operating in two important cities (Bahawalpur, Multan) of southern Punjab, Pakistan. SmartPLS 3 was utilized to analyze the data. Moderation has been tested using the bootstrapping technique in SmartPLS software. It is found that human capital, social capital, and motivational factors have a significant positive relationship with social entrepreneurship. Moreover, quadruple helix sectors moderate the relationship between personal factors (human capital, social capital, motivational factors) and social entrepreneurship. The study provides a road map for the development of social entrepreneurship in Pakistan as a solution to social problems. Full article

Australian Indigenous entrepreneurship and entrepreneurship education represents a significant opportunity for Indigenous people to enhance their entrepreneurial skills, in turn building vibrant Indigenous-led economies that support sustainable economic development and social well-being. This study is the first of its kind to explore the conceptualization of a framework of Australian Indigenous entrepreneurship education ecosystems. The purpose is to provide emergent inquiry and participatory action research into entrepreneurship education ecosystems, enabling the expansion of Indigenous research and practice; with the objective of delineating specific fundamentals associated with Indigenous entrepreneurs, such as limitations in social, human, and financial capital. We include and integrate Australian Indigenous value perspectives, including Indigenous knowledge, wisdom, and resilience, as well as the cultural captivity of entrepreneurship and Indigenous culture. The addition to the body of knowledge provides practical implications and a framework to the benefit of all ecosystem participants, including entrepreneurship educators, Indigenous entrepreneurs, policy-makers, training suppliers, and dynamic institutional participants, such as incubators, accelerators, and community development initiatives. Full article

Developing people’s interest towards starting a business plays a vital role in the former socialist countries in which, for a very long time, private property and free initiative were almost completely annihilated. Therefore, countries like Romania cannot design a sustainable growth model without taking into account the necessary improvements in the human capital factor, through the entrepreneurial education specific to the market economy, and in the social capital, which leads to stability and enhances the economic activity. The main objectives of this paper are to analyze how much the entrepreneurial intentions are influenced by certain psycho-behavioral traits of the individual (creativity, locus of control, need for achievement and risk taking propensity) and to evaluate the influence of different types of education on these intentions, in order to see if the entrepreneurial education significantly influences the entrepreneurial intentions of Romanian young people. By analyzing the specialized literature, we have developed six research hypothesis that were tested on a sample of 600 students from the undergraduate (bachelor) and master programs within the large state universities of Romania who have entrepreneurship courses in the content of their curricula, with the help of a questionnaire-based survey. Depending on the research hypothesis, several data analysis approaches were used, including Analysis of Variance (ANOVA), Principal Component Analysis (PCA) and General Linear Models (GLM). The main results of this study clearly illustrate that the need for achievement and the propensity towards taking risks play an important role in determining the entrepreneurial intention. Furthermore, graduates of the high schools with an entrepreneurial field are less inclined to engage in businesses compared to the graduates of the high schools that offer general education. Full article