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Introduction to Entrepreneurship and Family Business Vitality Read chapter Read first chapter

2020 | OriginalPaper | Chapter

RISE Model: Its Application on Diving Enterprises Located in the San Andres Archipelago (Colombia)

Authors : María del Pilar Ramírez-Salazar, Rafael Ignacio Pérez-Uribe, Carlos Salcedo-Pérez, Julieth Paola Juffington-Smith

Published in: Entrepreneurship and Family Business Vitality

Publisher: Springer International Publishing

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Abstract

This research aimed to identify the level of fulfillment of the four sustainability dimensions included in the RISE model, in three diving enterprises located in the Archipelago of San Andres. This model was developed at EAN University by the G3Pymes Research Group, which is rated A1 by Colciencias (Administrative Department of Science Technology and Innovation in Colombia). The model is composed of a diagnosis matrix that includes the following factors: innovation, sustainable production, leadership, strategic direction, organizational culture, collaborative processes, recognition, governance, new markets, technology, and financial indicators. Each factor is analyzed under the following four dimensions: (1) environmental, (2) economic, (3) social, and (4) managerial. The matrix measures the maturity level of each enterprise related to each dimension and factor. The results provided by the matrix, along with interviews performed in each enterprise, lead to a path for innovation and corporate sustainability. This path contains specific activities tailored to make improvements in each factor and dimension for which results were low. The expectation of performing this study is to motivate academic, industrial, and government institutions to use this model in order to boost best social, environmental, managerial, and economic practices.

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previous chapter Determinants of the Economic Performance of Portuguese Family Firms: Is Innovation Relevant?
Footnotes
1
The UNWTO has a virtual library, source of information available to member states. Its website is https://​www.​e-unwto.​org/​.
 
2
Mark McCrindle describes millennials as those youngsters who turned adults in the year 2000. He is an advisor, expert in millennial’s behavior. He described them as completely digital, who look for new experiences and who are sensitive toward the environment and the ecology.
 
3
With appropriate experience and training, recreational diving’s limit is 40 m/130 ft. Beginners must stay at less than 18 m/60 ft. Even when those are the limits, some of the most popular dives are not farther than 12 m/40 ft, where water is hotter and colors are brighter (PADI, 2018).
 
4
According to Collins Dictionary, environmental “means concerned with the protection of the natural world of land, sea, air, plants, and animals.”
 
5
Social: it refers to the human factor and the company’s stakeholders.
 
6
“Managerial means relating to the work of a manager” according to Collins Dictionary.
 
7
Coordinating team: five members—four holding a Ph.D. degree and one holding a master’s degree. Collaborator team: 12 professors with expertise and research background in all 11 factors.
 
8
By August 2018, using an Excel matrix. In a later stage, a matrix in a Web questionnaire and an APP that automatically calculate results are going to be sent to participating managers.
 
9
Categories are those levels in which a diver can get a certificate. This means that, first, it is necessary to get the Open Water certificate to be able to start the Advance certification and so on.
 
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Metadata
Title
RISE Model: Its Application on Diving Enterprises Located in the San Andres Archipelago (Colombia)
Authors
María del Pilar Ramírez-Salazar
Rafael Ignacio Pérez-Uribe
Carlos Salcedo-Pérez
Julieth Paola Juffington-Smith
Copyright Year
2020
Publisher
Springer International Publishing
Book
Entrepreneurship and Family Business Vitality

Print ISBN: 978-3-030-15525-4

Electronic ISBN: 978-3-030-15526-1

Copyright Year: 2020

DOI
https://doi.org/10.1007/978-3-030-15526-1_16