Successful Business Outcomes Research Articles

Culture-Based Entrepreneurship: A Study Of The Characteristics And Skills Of Noken Artisans In Southwest Papua

This study aims to analyze the characteristics of entrepreneurs that influence success in running a business. Through a survey method involving 50 entrepreneurs, this study explores various characteristics, including self-confidence, risk-taking, hard work, innovation, independence, forward-looking orientation, responsiveness, management, networking, and strategic skills. The results of the analysis show that there is a significant relationship between entrepreneurial characteristics and business performance. The Spearman Rank correlation test indicates that strategy, networking, and management skills have a solid relationship, confirming the importance of these skills in supporting entrepreneurial success. Meanwhile, characteristics such as risk-taking and innovation show a weaker relationship with other traits, indicating that the context and situation of the individual influence these factors. This study provides insight into how various entrepreneurial characteristics interact with each other and contribute to business success. These findings are expected to be a reference for developing training and support programs for entrepreneurs and increasing understanding of the importance of skills development in the world of entrepreneurship. Thus, this study contributes to the entrepreneurship literature by highlighting the relationship between individual characteristics and successful business outcomes

Social capital and business performance: a study of female-owned SMEs in the Nigerian informal sector

ABSTRACT This research examined the effect of internal and external social capital on the business performance of female-owned small- and medium-scale enterprises (SMEs) in the Nigerian informal sector. Using a quantitative research approach, a cross-sectional survey of 400 female SME owners was carried out, and data analysis was implemented using the structural equation modelling. The research findings, therefore, validate the existence of a positive and significant influence of internal and external social capital on the business performance of female-owned SMEs in the Nigerian informal sector. However, external social capital had a stronger influence on business performance. The results of this study create further awareness and contribute to existing research on the importance of internal and external social capital in ensuring the business performance of female-owned SMEs in the Nigerian informal sector. The possibilities of more successful business outcomes are further enhanced through the increased usage of online networking and social media platforms.

Precise Network Time Monitoring: Picosecond-Level Packet Timestamping for Fintech Networks

Network visibility and monitoring are critical in modern networks due to the increased density, additional complexity, higher bandwidth, and lower latency requirements. Precise packet timestamping and synchronization are essential to temporally correlate captured information in different datacenter locations. This is key for visibility, event ordering and latency measurements in segments as telecom, power grids and electronic trading in finance, where order execution and reduced latency are critical for successful business outcomes. This contribution presents Precise Network Time Monitoring (PNTM), a novel mechanism for asynchronous Ethernet packet timestamping which adapts a Digital Dual Mixer Time Difference (DDMTD) implemented in an FPGA. Picosecond-precision packet timestamping is outlined for 1 Gigabit Ethernet. Furthermore, this approach is combined with the White Rabbit (WR) synchronization protocol, used as reference for the IEEE 1588–2019 High Accuracy Profile to provide unprecedented packet capturing correlation accuracy in distributed network scenarios thanks to its sub-nanosecond time transfer. The paper presents different application examples, describes the method of implementation, integration of WR with PNTM and subsequently describes experiments to demonstrate that PNTM is a suitable picosecond-level distributed packet timestamping solution.

Team coaching and family business

Family business coaching is characterised by a blended approach in coaching. There are growing concerns about which comes first, family or business (Shams & Lane, 2016) and this leads to the critical question – if a team approach in family business can address both a family and their business simultaneously? Team coaching refers to the capacity building of a team, team effectiveness, team values and shared behavioural norms (Britton, 2015). Team coaching explores issues related to individuals in a team as well as a team collectively, as such, team coaching is the most effective intervention for improving family functions and the business functions in a family business. This article aims to highlight the need to explore the positive influence of team coaching to enhance the growth of a family business, and to help improving and maintaining a cohesive family business unit. We have used an example and an integrated team coaching model to justify that team coaching can provide the means to optimise collective talent of a family in a business context. The discussion supports the positive influence of team coaching on a family team’s performance, and that this coaching approach enables a family to increase their collective effort to achieve successful business outcomes.

The Relationship Between Strategic Information Systems Planning (SISP) and Facilitators to Achieve Successful Business Outcomes in South Korean Organizations

Strategic Information Systems Planning (SISP) is an important process in the implementation and use of IT systems in today’s dynamic and increasingly digitalized organizations. However, SISP is not a straightforward task, it is a process that covers simultaneous multiple planning issues often in changing environmental and organizational climates. Although SISP has been widely studied, and evaluating the SISP process has matured, theory on SISP facilitators that enable successful outcomes remain sparse. The main objective of this paper is to explore such facilitators and to investigate their relationship and contribution in achieving SISP success. By postal surveying a random sample of managers with SISP experience in South Korean organizations, we modeled the relationship between facilitators of SISP and their outcomes. The study used Structural Equation Modelling to analyze and validate its findings. This study suggests that facilitators positively affect successful SISP through business and IT alignment. It also demonstrates that effective SISP has a positive effect on organizational outcomes by ensuring organizational capabilities and IT infrastructure flexibility. The findings of this study expounding the role of facilitators adds to the theory of SISP and provides a guide to planners and managers responsible for information systems.

IT governance in the real estate industry: a framework suggestion

Purpose - Information technology is the core issue that all the companies need to re-evaluate and re-organize to adapt themselves to the digital world. This study investigates the critical IT governance factors for effective and sustainable success and the growth of real estate investment companies and developing a new IT governance framework. Methodology - The common literature about IT governance is searched and by taking into consideration of the dynamics of the industry, the conceptual framework is developed for specifically real estate industry. Findings- The model developed is suggesting the corporate cultures, organizational structures and industry culture as critical IT governance (ITG) existence factors for the real estate industry. Effective IT tool selection and effective data flow and integration are also recommended as IT governance effectiveness parameters. Sustainable growth, asset utilization, cost-effectiveness, and business flexibility are evaluated as the positive and successful business outcomes of ITG effectiveness in the real estate industry. Conclusion- Based on the researches made in past studies, this research seems to be the first in the literature that develops an IT governance framework for real estate investment companies in emerging economies.

Embedding Design Thinking in a Culture of Innovation at Two Community Colleges

ABSTRACT Design thinking is a strategy for innovation popularized in the business press and recently investigated in academic literature. Some research points to design thinking as an enabler of an organizational culture of innovation. Much research demonstrates a link between a culture of innovation and successful business outcomes in every sector, and establishes values for a culture of innovation. Colleges, including community colleges have begun using design thinking as a strategy for change. This comparative phenomenological case study analysis aims to increase understanding of the use of design thinking and innovation at two community colleges, Valencia College and Cuyahoga Community College’s Metro Campus, and cultural values that support its implementation. The study uncovers several key findings. First, it confirms a link between transformational leadership and a culture of innovation, as well as establishing that link specifically for design thinking. Second, it identifies values for design thinking at community colleges that are not related to values for innovation in general, i.e., focus on data and inquiry, student success, and inclusion. Third, it demonstrates that transformational leadership and innovative institutional identity must be sufficiently strong to mitigate the negative effects of bureaucracy on innovation and design thinking. Fourth, it identifies the importance of symbols and metaphors as descriptive communication that facilitates the implementation of design thinking. Last, it proposes a model for design thinking implementation at community colleges based upon six major themes identified by the study.

Shadow IT를 고려한 새로운 관리체계 도입에 관한 연구

In a dynamic IT environment, employees often utilize external IT resources to work more efficiently and flexibly. However, the use of external IT resources beyond its control may cause difficulties in the company. This is known as "Shadow IT." In spite of efficiency gains or cost savings, Shadow IT presents problems for companies such as the outflow of enterprise data. To address these problems, appropriate measures are required to maintain a balance between flexibility and control. Therefore, in this study, we developed a new information security management system called AIIMS (Advanced IT service & Information security Management System) and the Shadow IT Evaluation Model. The proposed model reflects a Shadow IT's attributes such as innovativeness, effectiveness, and ripple effect. AIIMS consists of five fields: current analysis; Shadow IT management plans; management process; education and training; and internal audit. There are additional management items and sub-items within these five fields. Using AIIMS, we expect to not only mitigate the potential risks of Shadow IT but also create successful business outcomes. Now is the time to draw to the Light in the Shadow IT.

West meets Islam in Contemporary World –Construction Project Leadership Perspective

Project management is a combination of both science and art as the merger of the terms of ‘project’ reflects to the technical knowledge, skills and competencies and ‘management’ refers to the human related components such interpersonal and leadership capabilities. Leadership is identified as central and core to successful business outcomes and prevails as crucial in any group or collective tasks. Project management is a business and an organisation, and the need to have an effective project leadership in place at all project phases is salient to ensure successful project outcomes, that fulfills project objectives as well as adhering to the objectives from the lens of Islam; to seek the pleasure of Allah (Mardhatillah)and His reward and eventually to achieve success in this world and in the Hereafter. With the increasing leadership challenges in leading construction projects nowadays, as complexity, stakeholders’ requirements and project failure grows,as well as continuous ethical issues and malpractices, project management awaits divine guidance that has its sources from and accord to the principles and values as prescribed in the Qur’an and the Sunnah. This paper aims to highlight, compare and discuss the Western modern perspective of project leadership with the one from the proposed Islamic perspective and also attempts to demonstrate some points on the merits of imbuting Islamic principles of leadership into projects.

The Prevailing View

This column discusses the prevailing view--that is, the set of opinions, beliefs, and ideas about how specific actions lead to successful business outcomes. It looks at where the prevailing view's origins and how it shapes economic outcomes.

Derogatory Myths about Women Entrepreneurs: Is there any substance to the Myths in relation to Visible Minority Women Entrepreneurs in Canada?

Do myths influence attitudes and behavior? If so, derogatory myths about women entrepreneurs may act as a detriment to women achieving as successful business outcomes as male entrepreneurs. Brush et al. (2001, 2002) and Menzies et al. (2004) examined some derogatory myths about women entrepreneurs and found most were unsubstantiated. This study examines the same derogatory myths in relation to a sample of 101 female and 302 male visible-minority entrepreneurs from three cities in Canada. Findings show that "successful" female and male visible-minority lead entrepreneurs are quite similar in terms of personal and business characteristics. [PUBLICATION ABSTRACT]

Perception of What the Ethical Climate is and What it Should be: The Role of Gender, Academic Status, and Ethical Education

This study examined ethical attitudes and perceptions of 691 undergraduate seniors and freshmen in a college of business. Gender was found to be correlated to perceptions of "what the ethical climate should be" with female subjects showing significantly more favorable attitude towards ethical behaviors than males. Further, Seniors had a more cynical view of the current ethical climate than freshmen. Freshmen were significantly more likely than seniors to believe that good business ethics is positively related to successful business outcomes. Ethical education was significantly correlated to both perceptions of "current ethical climate" as well as "what the ethical climate should be". Students who had been exposed to ethical issues in a course were more likely to believe both, that ethical behavior is, and should be, positively associated with successful business outcomes.