Entrepreneurial Business Model Research Articles

Disruptive Innovation: How Washington State University Is Reaching Urban Audiences

Washington State University (WSU) is redefining how Extension works in urban areas. Its Metropolitan Center for Applied Research and Extension (Metro Center) engages nontraditional Extension audiences using an innovative business model that focuses on short-term projects instead of long-term programs. Outcome-driven, client-centered, and solution-oriented, the Metro Center works to develop practical, place-based solutions by being a conduit between metropolitan decision makers and WSU faculty expertise across the state. In this article, we present a case study centered on the conditions and opportunities leading to the Metro Center's formation, the center's entrepreneurial business model, and center projects that allow Extension to reach new audiences.

An Analysis on the Critical Parameters Influencing Sustainability for Agri Business Industry: A Systematic Review and Conceptual Frame Work

In India the MSME sector inhabits the second position in terms of employment generation. In this context Micro, Small and Medium Enterprises (MSME) have considerably contributed to the fiscal progress of our country. The development of the MSME sector is exceptionally important, as it holds the key to ample growth and plays a crucial role in comprehensive growth of our country. The aim of this paper is to review the literature on sustainability of small business so as to identify the influencing parameters which are responsible for the long term sustainability of small business. This paper further aims to develop a Conceptual Framework for Business Sustainability in Agri Business sector. Various Scopus indexed journal articles from the year 2010 to 2017 were considered for literature review. Based on the literature survey and gap identified, the framework includes the three independent parameters such as Entrepreneurial Competency (EC), Business Model (BM), Innovation and Technology (IT). Hence from the summary of literature survey it was identified that, the collective contribution of EC, BM and IT leads to Business Sustainability (BS) of Small Agri Engineering Manufacturing Companies. Hence the measurability for the sustainability of the Agribusiness is developed through conceptual framework via three parameters namely EC, BM, IT. The outcome of the above study is expected to identify the, challenges faced by the small and medium size industries in the Agri Engineering sector for future sustainability.

The Effect of Leader Attitude on Traditional vs. Social Entrepreneurial Nonprofit Business Models

The research proposed will examine the differences and similarities between the mindsets of people who lead nonprofit Social Entrepreneurial Enterprises (SEEs) and those who manage traditional non-for-profit organizations (NFPs) in Mexico. In particular, the study will seek to identify the extent to which risk orientation, opportunity recognition, self- efficacy, innovativeness, and social capital influence social entrepreneurial behavior. By comparing these two types of leadership roles, we can further our understanding of how some social leaders in Mexico, despite diminishing traditional revenue streams, are able to scale up and sustain their nonprofit organizations.

The Problem of Waste Intensity in Entrepreneurial Business Models

A key feature of the market economy and the mechanism of its growth, as defined by J. A. Schumpeter, is an incessantly expanding avalanche of consumer goods which eventually transforms into an expanding waste stream. In fact, waste is a permanent feature of capitalist economy. Securing sustainable development requires that the realization of capitalist economic goals be accompanied by practical actions to solve the problems and threats arising from this fact. One of the key areas of this type of activity is directly correlated with entrepreneurial business models. A different understanding of the notions of growth and sustainability allows for a distinction between two separate models of waste management: the market model, which entails the intervention of public authorities, and the environmental model. Both are oriented at stimulating economic growth, increasing welfare and employment. Both also respect the requirements of the environment and focus on solving the problems of waste and waste intensity. Development is perceived differently in each of the respective models. The market model refers to neoclassical economics and a dialectical understanding of economic growth, while the environmental model is based on the foundations of classical economics. The entrepreneurs’ approach to the problem of waste intensity remains closely correlated to the waste management model within which they operate. In the market model, the entrepreneur concentrates his actions on salvage and recycling of the waste already produced, whereas the entrepreneur seeks to limit waste in the environmental model by putting the “earn more selling less” rule into practice.

Second-life retailing: a reverse supply chain perspective

Purpose – The authors examine the role of entrepreneurial business models in the reverse supply chain of apparel/fashion retailers. The purpose of this paper is to offer an alternative approach to the “return to the point of origin” prevalent in the reverse chain of manufacturers but less technically and economically feasible in the case of apparel/fashion retailers. This approach, second-life retailing, not only reduces waste but also democratises consumption. Design/methodology/approach – The paper is based on an extensive literature review, semi-structured interviews with managers of two second-life retailers in Malaysia and observations of a number of stores. Findings – Using the Business Model Canvas, the authors demonstrate the essential characteristics of second-life retailers. Retailers in this study, unlike retailers in the developed world, combine traditional business models with off-price retailing. There is no clear demarcation between the forward and reverse supply chain used to manage first-...

Providing Integrated Home Care to Elderly in India: An Innovative Entrepreneurial Business Model

Providing Integrated Home Care to Elderly in India: An Innovative Entrepreneurial Business Model

Sources of entrepreneurial value creation: a business model approach

Despite the rich literature addressing entrepreneurial business models and processes, the sources of entrepreneurial value creation are still under debate. Recent studies focus on the value creation processes applied by technology entrepreneurs, social entrepreneurs, and transformational entrepreneurs; however, the business models behind some of these conceptual labels are rather simplistic and confusing. To provide a clear analysis and classification of the sources of entrepreneurial value creation, this study starts with a presentation of the value-related processes, which define modern business models. Using this theoretical approach, the paper develops a criticism of the existing models and then identifies and describes three major sources of entrepreneurial value creation, using the primary data collected from 34 successful start-ups: innovative, relational and circumstantial entrepreneurship; and the root processes which support their exploitation: innovation, marketing, and respectively market research and reactivity.

Not quite the end for Jatropha? Assessing the financial viability of biodiesel production from Jatropha in Tanzania

The financial viability of biodiesel production from Jatropha is estimated under real-life African conditions. The assessment is modelled from the data of an oil producer with a social entrepreneurial business model in Tanzania. A first-round cost analysis shows that the total cost of biodiesel production including all company costs and taxes is significantly higher than Tanzanian and typical East-African market prices for diesel; however, when by-products are utilised as additional sources of revenue, biodiesel production is projected to become financially viable. While these findings are far removed from the recently hyped expectations surrounding Jatropha as an energy crop, they also do not lend support to the current widespread discrediting of Jatropha bio-energy. We conclude that Jatropha biodiesel production in SubSaharan Africa can be financially viable and socially benign, but only under certain conditions. Some conditions derive from exogenous external circumstances, while others require hard work and patience to create.

An Embryonic Journey of Musical Entrepreneurship with “The Captain,” Jorma Kaukonen, and His Co-Pilot, Vanessa

The music business is a case study in how macro-environmental factors can radically transform an industry. Developments such as digital production and distribution, coupled with social media, crowdfunding, and changing consumer preferences, have dramatically transformed the business model for the recorded music industry in recent years and spurred the development of entrepreneurial business models to enable musicians to survive in their changing environment. As a solo artist and founding member of the musical groups Jefferson Airplane and Hot Tuna, Rock and Roll Hall of Fame musician Jorma (“The Captain”) Kaukonen has recorded albums for major labels such as RCA, Sony, and Columbia, as well as independent labels such as Relix and Red House Records. In this interview, Jorma and his wife and business manager, Vanessa Kaukonen, discuss their experiences as musical entrepreneurs in the digital age, including their founding of the unique Fur Peace Ranch guitar camp in the hills of Appalachia. The entrepreneurial business undertakings of the Kaukonens highlight the potential for entrepreneurial musicians to develop innovative and sustainable business models for surviving in this new world of music.

Librarianship Needs Intrapreneurial Behaviour

The basic objective of this paper is to inculcate Intrapreneurial initiatives among the library and information science professionals, design libraries to foster the entrepreneurial business model and pave the way for entrepreneurial librarianship or knowledge entrepreneur.

Business-process management in high-turbulence environments: the case of the offshore service vessel industry

This article focuses on business-process management in turbulent business environments, more specifically, the management of offshore service vessel (OSV) companies in environments of high volatility and complexity. Such logistics service providers must deal with various heterogeneous elements, and may face extreme situations with uncertain outcomes. This can have implications for the business processes and the business model implemented within the firm. The study reported here employed an explorative qualitative approach with in-depth case studies of firms in the OSV industry in the North Sea and the High Arctic. The results indicate that, in order to tackle the logistics challenges of turbulent environments, a firm may have to introduce entrepreneurial business models with strong links to external actors. To meet the needs of various stakeholders, three business processes are crucial for handling increased turbulence: (1) resource re-configuration adding basic resources as well as dynamic capabilities; (2) knowledge base and capacity, increasing cooperative relations with other firms and (3) added stakeholder- and knowledge-providing business processes. Results from in-depth studies in two different environmental contexts within offshore petroleum operations underscore the importance of adapting business-process management to task-environment complexity and uncertainty.

CROWDSOURCING, A GESTÃO DE UM NOVO PRODUTO E UM NOVO MODELO DE NEGÓCIO: A INTRODUÇÃO DO SOFTWARE LIVRE NO BRASIL <br><strong>DOI:10.7444/fsrj.v3i1.64</strong>

A presente pesquisa analisará a implantação de um novo conceito de produto e modelo de negócios no Brasil, na década de 1990 e buscará traçar relações de causa e efeito por meio da elaboração de cenários. Para sua realização será utilizada a combinação de métodos indutivos e dedutivos, por entender-se que esta é a melhor maneira de analisar um ambiente complexo como o brasileiro, que apesar da unidade lingüística, contempla distinções nas cinco regiões. Espera-se com isto trazer maior entendimento sobre os estudos relacionados à implantação de empresas de tecnologia da informação no território brasileiro e ressaltar as peculiaridades deste mercado para possíveis entrantes, independente de sua área de atuação.Palavras Chave: software livre, inovação tecnológica, crowdsourcing no Brasil.

Benchmarking the viability of SCM for entrepreneurial business model design

Benchmarking the viability of SCM for entrepreneurial business model design

Entrepreneurial Business Model for Classical Research University

Commercialization process of research is analyzed in University-Industry-Government (UIG) framework in the context of entrepreneurial university business model. Critical issue in the UIG-relations model is the role of entrepreneurship: is enterprise integrated into all (education and not only intra-) university activities or is entrepreneurship support system targeted as a function for university R&D commercialization system only? From the literature it is known that the patterns of entrepreneurial university as a knowledge creator for society are more frequently represented in applied science oriented technology universities. The main aspects in entrepreneurial pattern of university are creation and implementation of transferable new knowledge and behaviour of actors in that process. All these aspects contain topics related to R&D funding, inventorship and ownership of patents. Patenting alone is not the evidence of entrepreneurial behaviour of the university, but this is one of the first steps targeted to implement created new knowledge into real business. The aim of the paper is to explore knowledge creation, especially patented intellectual property (IP) created by university staff targeted on commercialization of university research. Entrepreneurship and entrepreneurial environment in UIG network have been identified as critical success factor in knowledge production by university. Based on previous publications university business model in the University-IndustryGovernment framework has been described. The author’s position is that the (state) government is playing a very specific role in university entrepreneurship domain via governmental order as it has been in the fields of education and research. Empirical survey of knowledge production is based on the sample of five European universities from Sweden, Finland, Estonia and the Netherlands. The main research questions are general data about sample universities, like number of researchers, funding of R&D, creation of IP as well as indicators of efficiency of knowledge production. Results demonstrate growth in a number of publications abstracted in ISI Web between 1.2 and 2.0 times in the period 2000-2008. Productivity of publication per researcher differs maximum 1.9 times between universities and productivity of patenting figure differs approximately 13.5 times, partly as a result of Swedish “professors’ privilege” IP regime. That points on the need to learn more non-university patenting by academic personnel of other countries, but it obviously raises the question related to employment and patent ownership regulation in European countries generally. This regulation seems to be absolutely inefficient to protect new knowledge produced for national public R&D funding.

French ‘officiers ministériels’: autonomy of the legal professions, protection of their market and an ambivalent relationship with the state

The occupational status of officier ministériel which applies to auctioneers (commissaires-priseurs), bailiffs (huissiers de justice) and notaries (notaires) goes back to the Ancien Régime and continues to embody a remarkable example of a typically French model for structuring professions: officiers ministériels are both the repositories of a slice of public authority and the self-employed members of a profession. This unique status is still upheld by the French state which determines the conditions for entering as well as exercising these professions (granting of monopolies, setting certain fees and competitive practices, etc.). But after having survived intact for so long, the construction of a legal and judicial European space in the second half of the twentieth century has accelerated the transformation of certain professional groups reflected in an entrepreneurial approach and changing business models. Professional representative bodies have also largely contributed to these changes by managing to thwart programmes and political decisions through a wide range of development or resistance strategies.

Benchmarking the viability of SCM for entrepreneurial business model design

PurposeThe purpose of this paper is to benchmark the viability of collaborative supply chain (SC) business models for small businesses.Design/methodology/approachSurvey data was collected from 81 companies with 100 or fewer employees, 169 companies with 101‐500 employees, and 308 companies with more than 500 employees. To help contextualize the findings, eight in‐depth interviews with small firms were conducted.FindingsBenchmarking the viability of collaborative SC business models using a contingency, resource‐based‐view assessment paradigm reveals a perplexing paradox. Managers at small firms suggest that the majority of the benefits of SCM are within their reach. They also note that the barriers to implementation do not intimidate them. However, they also report that they are not actively pursuing SCM as a strategic weapon. Our research shows that the best way to avoid the cost squeeze and death spiral encountered by small business in today's global SC environment is to create the collaborative capabilities promoted by SCM. That is, while large firms leverage size firms must leverage creative collaboration to insinuate themselves into competitive SC teams to drive long‐term growth. We recommend three alternative SCM strategies based on the small firm's growth strategy.Originality/valueThe small‐business literature on supply chain management (SCM) is relatively scant and provides conflicting views of SCM's viability. This research represents a unique multi‐method approach that shows that SCM is applicable to the world of small business.

Successful social entrepreneurial business models in the context of developing economies

Purpose – Social entrepreneurial organizations have gained in awareness and interest among researchers, yet we know relatively little about how these organizations are able to create social and economic value. This paper seeks to understand how such organizations have managed to achieve scale and sustainability in developing economies – often lacking the institutions, networks and resources required to support their growth – whilst also maintaining their focus on a social mission.

Entrepreneurial Models and the Software Sector

Young, radically innovative, growth-orientated and publicly listed high-tech companies in Silicon Valley, together with venture capital financiers, gave birth to the concept of the ‘Entrepreneurial Business Model’ (EBM). This concept has become central to the debate about the innovative capacity of nations in information technology and its promotion became an important policy objective in Germany during the 1990s. This paper addresses the question of whether German software companies on the former ‘Neuer Markt’ of the Frankfurt stock exchange were able to successfully implement business models similar to that of the typical entrepreneurial company in the USA. The paper focuses on the performance of software companies and venture capital investments on the ‘Neuer Markt’. A number of findings emerge from this effort. First, successful German software companies implement traditional business models. The most successful German companies specialize in IT – and software services. Such firms do not specialize in standardized software products which require little service and customization. Secondly, German venture capital for the most part was not able to establish successful entrepreneurial companies on the Silicon Valley model. Nor were they able to create a successful German variant of venture capital involvement in more traditional companies.

Entrepreneurial Business Models in the German Software Industry: Companies, Venture Capital, and Stock Market Based Growth Strategies on the 'Neuer Markt'

Young, radically innovative, growth oriented, and publicly listed high-tech companies in Silicon Valley together with venture capital financiers gave birth to the concept of the 'Entrepreneurial Business Model' (EBM). This concept has become central to the debate about the innovative capacity of nations in information technology and its promotion became an important policy objective in Germany during the 1990s. This paper addresses the question of whether German software companies on the former 'Neuer Markt' of the Frankfurt stock exchange were able to successfully implement business models similar to that of the typical entrepreneurial company in the United States. The paper focuses on the performance of software companies and venture capital investments on the 'Neuer Markt'. A number of findings emerge from this effort. First, successful German software companies implement traditional business models. The most successful German software companies specialize in IT- and software services. Such firms do not specialize in standardized software products which require little service and customization. Second, German venture capital for the most part was not able to establish successful entrepreneurial companies on the Silicon Valley model. Nor were they able to create a successful German variant of venture capital involvement in more traditional companies.