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2022 | Book

Strategic Innovation

Research Perspectives on Entrepreneurship and Resilience


About this book

This edited book focuses on strategic aspects of innovation in the context of resilience during and after a crisis. It investigates the strategies that firms utilize in order to cope with change especially in the competitive global marketplace. The book contends that, by design, entrepreneurship is strategic and innovative in every decision and action of a business. The goal of this book is to focus on the innovation and resilience behind these strategies in order to understand the business motivations. In particular, it focuses on the uncertainties initiated by the COVID-19 pandemic and highlights the growing research and practice experiences of resilient entrepreneurial businesses and innovations that continued to be stable and successful.

The book thus extends current research on strategic entrepreneurship by integrating it with the field of resilience. This will help to bridge the gap between practice and theory with regard to strategic entrepreneurship. Furthermore, it enables an effective advancement of strategic entrepreneurship research in light of the COVID-19 pandemic.

Table of Contents

Strategic Innovation-Strategies for Entrepreneurship and Resilience
Innovation should by design have a strategic purpose in order to make a difference to society. The strategic purpose can have an associated positive or negative connotation depending on its impact and usefulness. The aim of this chapter is to understand how strategic innovation can be utilised for entrepreneurial purposes thereby adding to the existing literature on strategic innovation but embedding an entrepreneurship perspective in a more direct way. This helps to understand how strategic innovation has been used in times of crisis and how firms can build their resilience through strategic planning.
Vanessa Ratten, João Leitão
Workplace Innovation with Baby Boomers: The Role of Job Crafting for Performance and Well-Being
This chapter focuses on innovation via job crafting (i.e., employee-based innovations to job design), specifically for the “baby boomer” generation. The authors offer a conceptual model of the outcomes of baby boomers’ job crafting strategies. Specifically, when older (and more experienced) employees have more control over the design of their job responsibilities via job crafting, they are able to use their unique knowledge of their organizations and roles to provide innovations regarding their job tasks, relationships, and perceptions. Consequently, participating in job crafting is thought to support their performance and well-being. The authors also propose that baby boomers are likely to be “active sport tourists” and volunteers at community-based sport and leisure events by using skills learned from active participation in job crafting (e.g., efficiently adjusting their work schedule and increased leadership capacity). Overall, the model proposes that job crafting can provide an organizational competitive advantage by supporting organizational and individual performance and the well-being of baby boomer employees.
Minjung Kim, Brent D. Oja, Claire C. Zvosec, Chul Won Lee
Aligning Strategic MSME Entrepreneurship to Local Government Policy: A Case Study of a Tourism Village in Bogor Indonesia
The Indonesian Government regulation direction in alleviating the economic added value in 2020–2024 focuses on strengthening MSME entrepreneurship, which includes cooperatives and small and medium enterprise (SME) centers. The strategy of strengthening MSME entrepreneurship implemented is through increasing business partnership between MSMEs and medium to large companies, increasing business capacity and funding access, increasing capacity, range and innovation of cooperatives, increasing business opportunity and startups, and increasing added value of social businesses. The research problem in this chapter focuses on MSME strategic policy of MSME for local community empowerment of tourism village. This chapter employs a descriptive-qualitative method. The result reveals that the strategic development of MSME in tourism village in West Java has been successful in organizing the development of tourist village activities in accordance with the characteristics of the main attractions and its surrounding environment, in maintaining its competitiveness, and in improving local tourism services. In this study, the research examines Kampung Sawah in Cilember village, Cisarua district, Bogor regency as a case study of a tourist village. With the issuance of the central government policy set forth in PP No. 7 year 2021, which contains the Ease, Protection, and Empowerment of Cooperatives and MSMEs derived from Law No. 11 of 2020 Cipta Kerja can unite MSMEs in many sectors. The release of this policy on MSMEs can be a steppingstone in order to support the development of cooperatives and MSMEs in Indonesia.
Nining Latianingsih, Iis Mariam, Christina L. Rudatin, Petrus Usmanij, Vanessa Ratten
Exploring Entrepreneurial Diversity: A Fascination or Frustration?
This chapter critically discusses the importance of acknowledging diversity within entrepreneurship and some strategies to facilitate the richness of the phenomenon. It helps researchers and practitioners to understand the importance and benefits of having different but equally valid world views about the phenomenon, which is vital for entrepreneurship research to progress further. We acknowledge that there are already some established arguments to support inclusiveness within the current context of entrepreneurship research. The aim here is to strengthen these arguments with a brief literature rationale, which is informed by our research experience. One of the key advantages of acknowledging heterogeneity is that it can help scholars to convert any frustrations that is caused by not having common understanding to a fascination to embrace the wholeness of the phenomenon. Our understanding of how to appreciate diversity and inclusion is limited; as a solution, we encourage critical debates among multiple actors of entrepreneurship and urge to widen research adopting more innovative and creative approaches.
Chinthaka Aluthgama-Baduge, Duminda Rajasinghe
Financial Constraints to Innovative Activities Revealed Barriers Versus Deterring Barriers: Evidence from Turkey
In this chapter, we examine the hampering factors on innovation, which are financial obstacles. Hampering factors have two possible effects on firms’ decision to introduce innovation, namely, revealed and deterring obstacles. The nature and degree of the perception of financial obstacles to innovation is investigated by firm-level data from Turkish CIS 2006 and CIS 2010. The estimations are done by using ordered probit models. According to our findings, categorizing firms by their size and foreign ownership is useful for the consideration of financial obstacles. The assessments of barriers are important for the firms who engage in five or more innovative activities. Innovatively active firms in CIS 2006 are more likely to face financial barriers to innovation than firms in CIS 2010. Highly innovatively active firms are more likely to assess barriers as highly important.
Hülya Ünlü, Erhan Çankal, Ahmet Kibar Çetin
Entrepreneurship, Education, and Athletes: Entrepreneurship Within European Dual Career Programmes
Balancing competitive sport and post-athletic career development is an inherently challenging endeavour for European athletes. In response, numerous countries and sport federations have developed dual career support policies and programmes. These programmes have principally focused on connecting athletes with education or employment opportunities or developing more general life skills. There has also been a growing focus on entrepreneurship’s potential as a dual career pathway. University and advocacy work has called for the integration of entrepreneurship, and many pan-European projects have emerged on the topic. Nonetheless, entrepreneurship is mostly absent from dual career policies and programmes. This absence is especially notable given the potential of entrepreneurship as both an economic driver and a viable pathway for athletes. Using extensive findings generated from the SENTA project, this chapter, therefore, argues for the relevance of entrepreneurship within the context of athlete dual careers. In particular, we highlight how athletes may be uniquely well-positioned to thrive as entrepreneurs and how entrepreneurship can actively contribute to economic growth. Correspondingly, we suggest numerous solutions to better recognise and integrate entrepreneurship with dual career programmes, ranging from educational offers to post-career support. Finally, we conclude by proposing future avenues for research and discussion around this topic.
Louis Moustakas, Lisa Kalina, Antonio Sánchez-Pato, Elena Conde, Håkon Ege
How to Craft the Entrepreneurial Spirit: Entrepreneurship Education in the Dutch Creative Crafts
The creative industries need entrepreneurship in order to survive and thrive in the global economy. The aim of this chapter is to focus on how entrepreneurship education can be utilised in the creative industries in order to promote new business activity that can value add to society. To do this, an examination of how and why individuals need to focus on cultivating an entrepreneurial spirit is stated. This helps in determining the reasons for entrepreneurship education and how this can influence growth potential. The Dutch context will be the focus of interest for this chapter and how entrepreneurship education can be embedded in teaching practices.
Marleen Hofland-Mol
Empowering Community Out of Poverty: A Case of Kampong Bolkiah Community Development Centre, Brunei Darussalam
The study explored the initiatives made by Kampong Bolkiah Community Development Centre (KBCDC) in its effort to empower the community to improve their livelihood through entrepreneurial activities in Brunei Darussalam. A qualitative approach was used and data was collected through an in-depth interview with the founder of KBCDC. The results found that by designing programs based on their needs, enhancing their entrepreneurial skills and matching them with serious and motivated buyers are the important factors. The findings are an important indicator to policy-makers and development practitioners. The future study should consider unraveling the influential factors of community participation in KBCDC to improve their livelihood.
Khairul Hidayatullah Basir
How Does the Effect of Absorptive Capacity on Innovation Capacity Change According to Countries’ Technology Manufacturing Value-Added Levels?
The aim of this study is to analyze the effects of countries’ absorptive capacity on their innovation capacity according to their tendency to produce medium and high technology. In this context, the number of patent applications is used to represent innovation capacity. Ethics and corruption, foreign direct investment, tertiary education enrollment rate, technological literacy, university-industry research collaboration, and scientific and technical publications are used to represent social and technological absorption capacity. The variables used in the data set are taken from the Competitive Industrial Index, Global Innovation Index, and Global Competition Index. The study uses a special type of simultaneous equation models which is error correction two-stage least squares model for a panel data for years 2013–2017 and 60 countries. According to the analysis’ result, absorptive capacity has a significant impact on innovation capacity for both country groups. In addition, while in countries with a high value added on medium- and high-technology production technological readiness has an impact on innovation capacity, ethics and corruption are more effective in the group of countries with a low rate of value added on medium- and high-technology manufacturing.
Nuri Görkem Yönkul, Hülya Ünlü
Reinforcing the Labor Market Resilience: Exploring the Relationship Between Minimum Wage, Official Economy, and Informal Economy Using Granger Causality and Scenario Simulations
This chapter focuses on labor market resilience following changing environmental conditions occurring in the marketplace. The country context of Romania is utilized in order to understand the effect of the informal economy on labor markets and economic conditions. This enables more detail to be acquired on how resilience through entrepreneurship can occur via labor market intervention, thereby bridging the labor market literature with the resilience and entrepreneurship schools of thought. The chapter offers a perspective of minimum wage developments in Romania, which is a country characterized by a large proportion of informal entrepreneurs.
Adriana AnaMaria Davidescu
Uncovering the Main Characteristics of Shadow Economies in Romania and Moldova for Strengthening the Labour Market Resilience
In order to strengthen labour market resilience, it helps to focus on different kinds of labour market patterns. This enables new information to be obtained on resilient policies and practices that work. This chapter takes the view that labour market resilience is the result of entrepreneurial practices. Thus, an emphasis on understanding the main characteristics of the shadow economies is undertaken as a way of understanding resilience. The shadow economies of Moldova and Romania are examined in this chapter. The main objective of this research is to reveal the main nuances and characteristics of the shadow economies, analysing in a comparative way the size of the shadow economy for Moldova and Romania, its main determinants and components that dramatically influence the decision of operating in this part of the economy, having as main purpose strengthening the future labour market resilience. It is well known that the shadow economy acts as a safety valve for the official labour market, creating employment and income opportunities, causing increase in supply. This is a second-wave of shadow economy survey realised in both countries having two period of analysis 2015-2016 respectively 2017-2018.Our most recent results revealed that the size of the shadow economy in Romania registered almost the same proportion: 14.61% in 2018 respectively 14.96% in 2017, with a very small decrease of 0.35 pp, while for the case of Moldova, the shadow economy in Moldova was 27.5% of GDP in 2018 and 29.4% in 2017, with a significant decrease of 1.9pp. In Moldova wholesale is the sector with the highest proportion of shadow economic activity (34.7%) in 2018, while in Romania, the things seem to be balanced, with a small increase in the construction sector (18.3%). Micro, small and large companies tend to operate more in the shadow activity in Moldova, while in Romania this type of activity is more widespread in large companies..
Adriana AnaMaria Davidescu, Talis J. Putnins, Arnis Sauka
Strategic Innovation
Prof. João Leitão
Dr. Vanessa Ratten
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