Technology-based Companies Research Articles

Alianzas en empresas de base tecnológica: análisis de la industria del software en Jalisco

Las alianzas constituyen una estrategia para acceder a recursos, principalmente basados en conocimiento específico, desarrollados por los participantes en el acuerdo. Mediante su uso, las empresas disponen de más activos clave para competir y adaptarse a las condiciones de entornos dinámicos. Este trabajo aborda el análisis de las alianzas establecidas entre empresas de base tecnológica en la industria del software en Jalisco, como ejemplo de las actividades de base tecnológica en México. A partir de una muestra de 116 empresas del ramo, se identificaron las alianzas estratégicas establecidas, con el propósito de observar la estructura de la red que representa la situación de alianzas de la industria. También se analiza la capacidad de innovación a través del número de patentes. El estudio permitió verificar que las empresas del software en Jalisco utilizan una estrategia de alianzas para obtener recursos, pero no que éstas contribuyan significativamente a la innovación.

Um Olho no Peixe e Outro no Gato: Como as Fintechs Disputam Espaço com os Bancos em Época de Juros Baixos

Este caso de ensino contextualiza a evolução e transformação do Sistema Financeiro brasileiro, com destaque para o crescimento das fintechs (empresas financeiras de base tecnológica)e ruptura do momento de “sossego” dos grandes bancos. Com o surgimento das fintechs, o market share dos grandes bancos passa a ser ameaçado. Com isso, este caso tem por objetivodiscutir as estratégias de mercado concorrenciais dos bancos e das fintechs frente aos cenários futuros possíveis, sobretudo, analisar as estratégias das fintechs com enfoque nas atividadespolíticas corporativas sob forma de influenciar o governo, a regulação e o Sistema Financeiro Nacional para obter acesso ao mercado. O caso ainda permite avaliar a integração das estratégiasde mercado e de não mercado, atuando frente a um interesse em comum, entre as fintechs e os grandes bancos. Trata-se de um caso real dentro do contexto brasileiro. Pode ser utilizado em cursos de graduação e de pós-graduação em Administração, Ciências Contábeis, Economia e Gestão. Ainda pode ser utilizado em cursos complementares, de curta duração ou educação executiva, em temáticas tais como Relações Governamentais e Relações Institucionais e Estratégia de Não Mercado.

Capacidade de Inovação em Rede Interorganizacional na Amazônia Brasileira

Resumo O artigo analisa as capacidades de inovação em uma rede interorganizacional para o estabelecimento de negócios baseados em biotecnologia aplicada a ativos da biodiversidade na Amazônia brasileira. Trata-se de um estudo de caso de uma rede de inovação para o desenvolvimento e comercialização de uma linha de compostos antioxidantes de um fruto regional - o açaí (Euterpe oleracea) -, no estado do Pará. A rede é formada por uma universidade pública, uma pequena empresa de base tecnológica que desenvolve produtos de alto valor agregado baseado na biodiversidade e uma agroindústria de processamento e comercialização de produtos frutíferos da região amazônica. O artigo mostra que a articulação em uma rede interorganizacional é capaz de congregar capacidades necessárias ao processo de inovação que individualmente as organizações locais não teriam condições de desenvolver. No caso estudado, essa concatenação de capacidades possibilitou a exploração de uma oportunidade biotecnológica no âmbito da cadeia produtiva do açaí com a criação de uma linha de produtos competitivos. Entretanto, limitações quanto à apropriabilidade da inovação são entraves à efetiva exploração econômica da linha de produtos pelas organizações inovadoras no formato interorganizacional.

기술기반 창업기업의 개방형 혁신 활동이 성과에 미치는 영향 : 부산지역 창업초기기업을 중심으로

기술기반 창업기업의 개방형 혁신 활동이 성과에 미치는 영향 : 부산지역 창업초기기업을 중심으로

La valoración de empresas como estrategia para la eficiencia en la gestión de sus activos

La finalidad del artículo es identificar la necesidad de valorar una empresa, saber sus beneficios y tener claro sus diferentes análisis cuantitativos y cualitativos que implican para poder obtener unos resultados adecuados. La metodología utilizada de valoración de la empresa es Flujo de caja Libre Descontado, en el cual, se calcula el valor presente neto de los flujos de caja proyectados en un escenario determinado, más el valor a perpetuidad, a este valor se adicionan las inversiones y los activos no operativos en caso de existir. Para obtener el valor patrimonial se debe deducir el monto de la deuda financiera al valor de la empresa. En este caso la valoración se realiza a la empresa KAN BAN Consultores constituida como una de las empresas de base tecnológica en Nariño especializadas en la consultoría estratégica en temas de calidad, una actividad con mucho mercado no solo a nivel local sino también en el ámbito nacional y cuyo valor financiero en el mercado está dado por el grado posicionamiento de su goodwill resultando este el intangible de mayor valor después del conocimiento organizacional presente en su talento humano. Por lo anterior, debe reconocerse que por encima de las oportunidades de crecimiento que el mercado ofrece a estas empresas, las actividades económicas desarrolladas requieren de un importante apalancamiento financiero que puede obtenerse mediante figuras jurídicas y estructuras financieras que permitan la emisión de acciones, para lo cual se hace imprescindible tener en claro la valoración financiera de la empresa. Por esta razón, se hace necesario que la empresa se ocupe de estimar su valor financiero de mercado, en tanto que su posición como una de las empresas pioneras en la consultoría estratégica en calidad a nivel del Municipio de Pasto y a nivel de Nariño la hacen susceptible de ser adquirida por una empresa consultora mucho más grande o incluso le posibilitaría entrar a procesos de fusión con consultoras en temas administrativos de la región.

VOLUNTEER USED WATCHES TO SYNCHRONIZE MOVEMENTS THE INTEGRATED MARKETING COMMUNICATION ON FINANCIAL TECHNOLOGY SOFWAR

The development of technology now being able to change the way work from manual to digital based makes all work easier. Jojonomic is a company of financial technology software as a service company that makes a technology-based company solution platform. The purpose of this final project is to help Jojonomic solve the problems that are being faced, namely not achieving KPI (key performance indicators) that have been determined by the company. This problem can be solved by evaluating and planning the integrated marketing communication program that is right for the company using the 360-degree communication strategy. Using 360-degree communication is able to create programs such as Billboard #PAKEJOJOAJA, Event #PAKEJOJOAJA, Webinar, Event Sponsorship & Speaker Keywords

Acquihired: Retained or Turned Over?

Thousands of acquisitions of young, technology-based companies transpire each year, resulting in the “acquihiring” of myriad individuals. We analyze the effects of these transactions on the employment trajectories of acquihired employees that switch employers in consequence of change-of-control deals. Although many of these mergers are motivated by an acquirer’s desire to recruit new talent, we find that relative to a carefully selected and well-matched sample of organically hired employees, acquihired employees turnover at a much higher rate. Moreover, the estimated jump in turnover for acquihires increases in their job rank and education levels. Post-acquisition turnover rates also are particularly high for individuals in critical executive, technical and sales roles. This pattern of results draws into question the value of such transactions to the modal acquirer. To conduct the analysis, we build a data-set with the complete roster of acquisitions of technology-based companies in the previous two decades, which we pair to over 30 million resumes to track the career histories of a large fraction of the professional workforce, before and after the time of the M&As in the data.

Gestão da inovação em empresas de base tecnológica: um estudo de caso em empresas incubadas

Este artigo tem como objetivo principal analisar o comportamento das atividades de inovação em empresas de base tecnológica que passaram por um processo de incubação. Para tal, realizou-se uma pesquisa exploratória baseada em um estudo de caso múltiplo aplicado a seis empresas de base tecnológica graduadas de uma incubadora, a partir do modelo de gestão de inovação de três etapas: buscar, selecionar e implementar. A pesquisa destaca o papel que a incubadora tem no acompanhamento das atividades de gestão das Empresas de Base Tecnológica (EBTs) durante a fase de incubação e o comportamento das empresas nas atividades que fazem parte do processo de gestão da inovação. Os resultados mostram aspectos positivos e negativos das atividades do processo de gestão de inovação nas empresas estudadas. O baixo desempenho na aplicação de procedimentos para estudar as oportunidades de mercado e identificar melhorias potenciais nos produtos existentes foi evidenciado através dos índices calculados. Adicionalmente, as auditorias de projetos de inovação e os planos de investimento em pesquisa e desenvolvimento foram identificadas como as ferramentas de gestão menos padronizadas pelas EBTs. Elementos dentro das rotinas de gestão de inovação destacados como positivos foram os joint ventures para a concepção de novos produtos, a troca de know-how e a alavancagem de capacidade tecnológica. Finalmente, as EBTs mostraram um bom desempenho no índice atrelado à implementação de testes e ensaios antes do lançamento de novos produtos e/ou serviços ao mercado.

Ecossistemas de inovação das universidades federais brasileiras: um mapeamento dos núcleos de inovação tecnológica, incubadoras de empresas de base tecnológica e parques tecnológicos

Technological innovation as an engine for development requires a structural apparatus to its consolidation, reinforcing the approach of innovation systems, with emphasis on the role of universities. Therefore, considering that associated with this potential are present several innovative elements, such as the Technological Innovation Centers (NITs), the incubators of technology-based companies (IEBTs) and Technology Parks (ParqTecs), and given the lack of systematization National these instruments, the ultimate goal of this study was to analyze the environment for innovation in Brazilian federal universities, through the mapping of NITs, the IEBTs and ParqTecs associated with these institutions, further outlining the relationship of these instruments with technological variables (technological scholarships and patents). We used a qualitative and quantitative approach, descriptive nature, with collection of secondary data on institutional sites of universities and the adoption of simple linear regression analysis. The results realized all 63 Brazilian federal universities and revealed that the most widespread instrument between universities are the NITs, since its presence in 86% of the analyzed institutions. Have business incubators, idealized to strengthen interaction in innovation systems, are associated with 68% of universities, enabling regional development contexts. In relation to technology parks, it was found that, depending on the expenditure required for its implementation, only 26 universities are integrated into ParqTecs. The contributions of this study are concentrated in addition to the mapping done in highlighting the distinctions between the Brazilian regions in terms of scientific and technological structure and the importance of innovation ecosystems.

People investing in people. The overview on investment methods in technological start-ups at different stages of growth

The purpose of this paper is to explore different funding sources for young technology-based companies at different stages of their development, taking into consideration their characteristics. The study uses data from an extensive literature review on the start-up literature and a desk research analysis. The first part of the article focuses on the explanation of the concept of start-up with an emphasis on internal and external risks it can bear for a potential investor. The middle part of the article offers an overview on various division concepts into phases of a start-up. The final part explains characteristics of different kinds of investors in order to match them with specific phases of growth. The author’s findings reveal that the new technology-based firms demonstrate different financing patterns at different stages of development. The article may serve as an interesting overview for start-ups planning their development path as it attempts to reconcile different points of view. However, being based only on existing literature sources, further research is necessary for more profound conclusions.

Spin-off flourishing: a new way for entrepreneurship education through experiential learning processes.

This study analyzes the emergence of an experiential learning program focused on final undergraduate projects in Engineering and Applied Sciences. The analyzed program is oriented to provide active learning experiences in which students were responsible for directing their final project towards transforming them into nascent technology-based companies. This exploratory and qualitative case study focused on the students' analysis of (i) the perception about the learning processes, (ii) the motivation to continue with the business, (iii) the engagement with knowledge involved in the final project (iv) the relationship with the technology-based entrepreneurship subject. Seeking to present new frontiers in experiential learning, the findings of the present paper show the positive impact of experiential learning on students’ motivations and results when it comes to creating a technology-based venture, reinforcing the premises of Kolb and others. This study contributes by providing a detailed description of an entrepreneurship education program in Brazil, and also by offering more arguments towards the use of experience-based learning in undergraduate studies.

ENVIRONMENTAL SUSTAINABILITY AND ITS GROWTH IN MALAYSIA BY ELABORATING THE GREEN ECONOMY AND ENVIRONMENTAL EFFICIENCY

Numerous countries have sorted out energy awards as an instrument to promote energy efficiency (EE), to contribute towards energy sustainability and to give a component to associations to constantly hunt benchmark and recognize activities and best practices in EE. Most of companies to invest in the reusing and reuse of materials, the environmentally inviting technology, inward training on green economy, the remainder of the electorate and the buy and utilization of materials with less impact essentially in light of the fact that they trust that investment to guarantee the safeguarding of nature around. It is additionally a marker of an effective environmental sustainability in Malaysia dependent on the reactions are broke down from an assortment of high technology-based companies working in Kedah, Malaysia. Malaysia is focused on cultivating the development of a clean and efficient economy; that is, a "green" economy. This implies encouraging the development of green businesses and green items, which thus will make "green jobs." At the fundamental level, there exists a misallocation of resources. As Malaysia advances greater environmental awareness, it is imperative to establish national benchmarks by which to measure progress toward a greener economy. This investigation tries to find the condition of knowledge in Malaysia on the green economy. The result additionally shows that an expansion in the prioritizing green economy anticipated by the companies working in Malaysia will prompt increment in green monetary sustainability. This suggests the progress towards the green economy in Malaysia is likewise impacted by the view of its significance later on. The investigation uncovers that expansion in green economy awareness among the firms will prompt increment in the level of environmental sustainability, in this way improving the present condition of green economy in Malaysia. Keywords: Green Economy, Environmental Efficiency, Sustainability, Energy Efficiency, Malaysia, companies, growthJEL Classifications: Q55, Q50DOI: https://doi.org/10.32479/ijeep.8310

Patentometric analysis of the transfer of technology in Brazil between 2010 and 2018

This article aims to analyze the profile of technology-based companies, transferring technology and innovating their processes, presenting a mapping of companies and potential sectors, so that the participation of universities and companies in the intellectual property process can be made feasible. Conceptual discussions about technology-based and innovation-based companies were presented and used to justify the analyzes found in this study. Among the methodological aspects, the research is exploratory and descriptive, with qualitative and quantitative treatment. For the purposes of the research, the search for information was done through the National Institute of Intellectual Property (INPI), through technological prospecting and patentometry. There were found patent applications, of which 353 applications were selected for analysis from 2010 to 2018. In the search, the keywords were used: "company+base+ technology" and, later, the research was expanded with the keywords: "company+technology", “companyandtechnology", to perceive changes in numerical terms and analysis within the validation criteria of a technology-based company. The results obtained were that although there are discussions about technology-based company concepts, innovation and technology transfer in the country , there is still a timid generation of innovations in the processes of technology-based companies. The technology-based companies resulting from this research with a higher incidence of innovation are those of manufacturing in general, noting that they do not have a clear understanding of what innovations they are capable of of developing to be able to transfer technology due to lack of: support to stimulate R & D, partnerships with the business sector and financial investments to seek innovation in their processes.

Knowledge and innovation management model. Its influence on technology transfer and performance in Spanish Defence industry

Strategic alliances among Defence Organizations could be embraced to approach the innovation process and organize Defence. Moreover, companies, Armed Forces and Defence Systems are creating relationships to take advantage around combined actions, coordinated all of them by the Ministry of Defence. Innovation management associated to knowledge is being used to growth in productivity. So this knowledge needs to be transferred from these alliances to business inter-organizational relationships and cooperation among firms. A strategy of technology and innovation facilitates the collaboration between technology-based companies and the Defence Sector. The purpose is to analyze the Knowledge & Innovation Management (KIM) and its influence on technology transfer, project management and performance. The results of this study show that strategic alliances favours knowledge management and innovation management. This KIM Model has a positive influence on the technology transfer which helps project management join with the Armed Forces and Defence System improving the companies’ performance.

The impact of knowledge management practices on organizational performance: a study on technology-based companies

Resumo Para que a gestão do conhecimento impacte os rumos da empresa com inovações e vantagens competitivas, é necessário integrá-la à estratégia organizacional. Apesar de existirem estudos que apontam a correlação entre gestão conhecimento, desempenho e estratégia organizacionais, a prática se torna divergente. As organizações estão cientes da importância da gestão do conhecimento, mas é preciso sair do campo do discurso e converter ações em resultados. O presente trabalho tem como objetivo avaliar o impacto das práticas de gestão do conhecimento no desempenho organizacional, através de uma pesquisa quantitativa com a aplicação de um questionário survey em empresas de base tecnológica. A pesquisa utilizou o modelo empírico de Wu e Chen, para a validação das hipóteses definidas no estudo e a técnica de modelagem de equações estruturais foi aplicada. Os resultados obtidos possibilitam confirmar as relações existentes entre as cinco dimensões analisadas- ativos do conhecimento, aprendizagem organizacional, capacidade do processo de conhecimento, capacidade do processo de negócio e desempenho organizacional-, além de identificar que dentre os construtos analisados, o processo de negócio foi o que apresentou maior influência sobre o desempenho organizacional.

Technology-based business incubators

PurposeTechnology-based incubators depend on high-level knowledge to constantly meet the demands of the market. Incubators offer a variety of specialized services to help startups increase the chances of crossing the valley of death. These services include infrastructure, access to a professional network of mentors and an intensive support of a consultant team to help with managerial and legal challenges. Therefore, it is critical to incubators to develop both highly skilled teams of consultants and social environment that facilitates communication. The purpose of this paper is to understand how innovation-oriented social networks created within technology-based incubators are shaped.Design/methodology/approachData were collected in five incubators participating connected to federal universities from the state of Minas Gerais. The network attributes collected in the survey were placed in a matrix form. The mapping and measurement of the relationships between individuals were developed using the Ucinet software. Ucinet enables the analysis of attributes (attitudes, behaviors and characteristics) characterized as relational (contacts, ties and relationships). The software also includes the Netdraw network visualization tool, which enables the creation of matrices and graphical network maps. The measurements of centrality, closeness and intermediation were analyzed to assess the intra-organizational social network.FindingsThe results indicate that although the flow of communication does not follow the formal hierarchy, the interaction between team members to spontaneously exchange ideas, information and experiences is rare. The workers are so concerned about their timely tasks, that they have few opportunities to exchange information and knowledge. The coordination is carried out by university professors, who also perform other tasks (e.g. teaching, research and administration activities) besides those related to the incubators. The results also suggest that in the technology-based incubators studied, besides dealing in an innovative environment, the distribution of tasks and responsibilities are still rigid and traditional.Originality/valueBy analyzing the degree of the relationship between team members, the proximity and the level of intermediation of co-workers, it is possible to see how the incubators workers interact, thereby identifying the flow of information. This study offers implications for theory and practice. To the theory, this study adds to the discussion of intra-organizational social network of technology-based companies in the Brazilian context. To practitioners, this research sheds light on the importance of the social network built within the organization to promote effective communication and knowledge sharing.

The Effect of Stakeholders’ Satisfaction and Project Management Performance on Transitions in a Project Management Office

This paper aims, through a longitudinal case study, to present and analyze the transitions in operational activities and the performance of a Project Management Office (PMO) in a technology-based company. The paper discusses functions, tensions, stakeholders’ interfaces, performance and how they drove the major changes faced by the PMO. The changes in the PMO were mainly based on non-planned events rather than in a change of the management process. The results demonstrated that political tensions in the organization, rather than project management performance, explained the PMO transitions. Managers must look for identifying tensions in the project management environment, project performance and stakeholders’ satisfaction in order to propose and direct PMO changes and the sustainability of project ongoing best-practices. This study also contributes to the collection of evidences that corroborate previous literature appointments, as well as to question some results that need to be contextualized according contingencies for avoiding mimicry in the PMO implementation and transformation.

Proposed business model for the sustainability of technology business incubators in Brazil and Portugal

Technology business incubators (TBIs) can be used strategically as mechanisms for innovation and economic development processes in countries, states, municipalities, regions and companies. The study of their management model in terms of organisational efficiency and value creation is important. In this context, the general aim of this study was to evaluate the business models of incubators of technology-based Brazilian and Portuguese companies. With this specific aim, the study sought to: 1) map the resources that affect costs and/or generate revenue; 2) study the nature of partnerships; 3) analyse value propositions; 4) propose a business model for the sustainability of TBIs. The methodology employed was qualitative in nature and the multiple case study method was used at ten TBIs, six of which were Brazilian and four Portuguese. The result was the proposal of a business model for TBIs that includes good incubation practices for companies and helps incubators to achieve sustainability through organisational efficiency and value creation.

Selection of a stock exchange for an IPO of a technology-based company

The article examines factors influencing the choice of exchange platform used by the manage-ment of innovation-oriented companies, such as depth, accessibility, efficiency, and stability, as well as the level of underestimation of the shares of new issuers during an IPO. The au-thors formulate a series of hypotheses and show that the level of the depth of a site is directly dependent on the degree of development of the country's financial institutions for all types of sites (main and alternative), and on the level of trading intensity (but only for alternative ones). It was discovered that alternative sites of countries belonging to the Anglo-Saxon fi-nancial system are, on average, less concentrated than corresponding major exchange sectors. Regarding the underestimation of shares, it was shown that on the first day of trading, this is higher among Russian companies in the high-tech industry. A site selection algorithm is pro-posed that can be applied by managers of Russian innovation-oriented companies for making IPO decisions. This algorithm combines previously analyzed quantitative factors and a num-ber of qualitative factors, which include the level of marketing and organizational support for new issuers, level of financial support for new issuers, and degree of company readiness to place shares on a specific site. The advantage is to take into account a wider set of factors that influence the decision to choose a site for an IPO of an innovation-oriented company and to consider opportunities offered by alternative stock exchanges for such issuers.

The Technological Revolution in Financial Services: Introduction

The financial industry is being transformed by a combination of structural forces: heightened regulation, technological disruption, and changing demographics. These forces are lowering barriers to entry and increasing competition from within and outside the industry. A diversity of new entrants are challenging the incumbent banks, assets managers, insurance provides and other industry stakeholders (collectively “incumbents”). The new entrants range from entrepreneurial financial technology (FinTech) start-ups to large, non-financial technology-based companies (TechFins and BigTech). The goal of this edited volume is to provide insights on the evolution and future landscape of banking and financial services over the coming decades. This book exposes financial practitioners, policymakers, and students to the views and insights of industry leaders, regulators and academic researchers who provide a roadmap on how this industry will evolve. This book is divided into three main sections. The first section examines the structural forces and technologies transforming financial services and how these catalysts are changing customer expectations and the competitive landscape. The second section examines the business models and value proposition of new entrants and how incumbents are adapting their strategies and business models to respond to these challenges. The third section focuses on what actions senior financial leaders need to take to be successful in this new digital era.