New venture has developed as an important topic in entrepreneurship research. In this paper we analyze the status quo of new Ventures in China from four aspects： capital demand scale of new ventures, the characterist...New venture has developed as an important topic in entrepreneurship research. In this paper we analyze the status quo of new Ventures in China from four aspects： capital demand scale of new ventures, the characteristics and motivation of entrepreneurs, the attitude of new ventures toward the intervention of venture capital firms and the external environmental factors of hindering new ventures. The data in this research come from 104 ventures in four cities （Peking, Shanghai, Changchun and Shenyang） in China. The empirical analysis indicates that there are many problems in the development of the new ventures in China.展开更多
For the last two decades, there has been an ongoing research concerning the international new ventures （INV） or born global （BG） companies which are rapidly entering foreign markets. They face challenges connected...For the last two decades, there has been an ongoing research concerning the international new ventures （INV） or born global （BG） companies which are rapidly entering foreign markets. They face challenges connected with their marketing activity, because they launch relatively more product innovations in a shorter time than the gradually internationalized companies （GRAD）. The entrepreneurial marketing （EM） concept could become a solution to some of these challenges, because of a greater entrepreneurial intensity （EI） and different decision-making approach than ＂classical＂ marketing concept. This study＇s aim is to analyze the EM concept and application of its elements by the INVs originating from Poland. Based on two computer-aided telephone interview （CATI） studies of INVs from the Polish industrial processing sector, the central elements of EM, applied by them, are explored, together with their relationship to INV performance. As it is shown, the INVs introduce significantly more product innovations than the gradually internationalized small and medium sized enterprises （SMEs）. They often exceed competitors in the speed of launching innovations and are flexible in entering new markets. The entrepreneurial orientation （EO） indicators are at low to medium levels in all studied SMEs. However, the propensity to risk is slightly stronger in the INVs and correlated moderately with the financial performance. As the study shows, lack of emphasis on marketing planning and information gathering is the characteristic of the Polish INVs, which may testify to their effectual approach to decision making. Furthermore, similar as in the foreign-based INVs, there may exist a relationship between the application of the EM concept and performance of the Polish INNs, which, however, requires further study with respect to some mediating factors. It has been concluded that innovativeness of the product offering and propensity to risk seems to be the characteristic EM concept elements accompanying the rapid internationalization of INVs. The future research should focus on other elements of the EM-mix applied by INVs originating from emerging economies.展开更多
Crowdfunding provides a novel and potential way for innovative but risky new ventures to fund their new product development(NPD)projects.To help potential investors evaluate the projects and enhance the credibility of...Crowdfunding provides a novel and potential way for innovative but risky new ventures to fund their new product development(NPD)projects.To help potential investors evaluate the projects and enhance the credibility of disclosure,founders are struggling with how to phrase the project description.The rapidly growing cleantech crowdfunding projects provide an ideal context to study this issue.We collected information on cleantech crowdfunding projects and matched non-cleantech crowdfunding projects from Kickstarter.The sample period extends from January 2013 to October 2018.Using signaling research as a theoretical lens and a dictionary-based,computerized text mining method,we found that founders of high-quality cleantech crowdfunding projects could create a reliable signal of quality by providing a project description with a less ambiguous tone and thus boost the success of crowdfunding.Moreover,the signaling effectiveness of a less ambiguous tone is more pronounced in cleantech crowdfunding than in matched non-cleantech crowdfunding,suggesting that the marginal benefit of using a less ambiguous tone is larger when the industry information environment is noisier.Further evidence shows that the signaling effectiveness of a less ambiguous tone in cleantech crowdfunding could be strengthened by backers’endorsements.Our findings imply that tone ambiguity in project descriptions is related to founders’information-concealing behavior.Potential investors could search ambiguous words in project descriptions and just allocate their limited attention into projects with a low percentage of ambiguous words to avoid information overload.Founders of high-quality projects could boost crowdfunding success by using a less ambiguous tone to describe their projects.The marginal effect is larger when there is greater uncertainty about project prospects.展开更多
This study analyzes opportunity recognition and development from the perspective of job embeddedness based on entrepreneurial action of tech-entrepreneur. The impact of job embeddedness to entrepreneurial path choice ...This study analyzes opportunity recognition and development from the perspective of job embeddedness based on entrepreneurial action of tech-entrepreneur. The impact of job embeddedness to entrepreneurial path choice of tech-entrepreneur is tested by multi-case study. This paper also provides theoretic evidence to enhance the possibility of success of start-ups for entrepreneurs.展开更多
Following two previous joint ventures in China (please see report in last issue for more), Valeo concluded the third joint venture agreement for this year in late September. The joint venture is with Hubei Auto Lighti...Following two previous joint ventures in China (please see report in last issue for more), Valeo concluded the third joint venture agreement for this year in late September. The joint venture is with Hubei Auto Lightings Factory located at Xiangfan city of Hubei province. The joint venture company will展开更多
New overseas venture evaluation is key for oversea exploration of Chinese oil companies,whose credibility directly determine the degree of success of exploration for overseas blocks.The uniqueness of new overseas vent...New overseas venture evaluation is key for oversea exploration of Chinese oil companies,whose credibility directly determine the degree of success of exploration for overseas blocks.The uniqueness of new overseas venture evaluation in short assessing cycle and limited data make project management vital.Project management includes human resource allocation,quality control and effective communication.In China National Offshore Oilfield Corporation(CNOOC),the new overseas venture evaluation system has been established.This system includes quality control system and assurance for new overseas venture evaluation,geological evaluation norms for overseas oil & gas exploration,regulations for new overseas venture evaluation and seismic interpretation methodology and procedure for new overseas venture evaluation.Directed by the new overseas venture evaluation system,three-level quality control and management of data-room visit are strictly reinforced,which guarantees the efficiency and quality of new overseas venture evaluation.As a result the new overseas venture evaluation boosts the development of young explorationists and leads to breakthroughs in exploring potential target areas of CNOOC and in the discovery of giant oil and gas fields,which underpins the development of overseas business in CNOOC.展开更多
文摘New venture has developed as an important topic in entrepreneurship research. In this paper we analyze the status quo of new Ventures in China from four aspects： capital demand scale of new ventures, the characteristics and motivation of entrepreneurs, the attitude of new ventures toward the intervention of venture capital firms and the external environmental factors of hindering new ventures. The data in this research come from 104 ventures in four cities （Peking, Shanghai, Changchun and Shenyang） in China. The empirical analysis indicates that there are many problems in the development of the new ventures in China.
文摘For the last two decades, there has been an ongoing research concerning the international new ventures （INV） or born global （BG） companies which are rapidly entering foreign markets. They face challenges connected with their marketing activity, because they launch relatively more product innovations in a shorter time than the gradually internationalized companies （GRAD）. The entrepreneurial marketing （EM） concept could become a solution to some of these challenges, because of a greater entrepreneurial intensity （EI） and different decision-making approach than ＂classical＂ marketing concept. This study＇s aim is to analyze the EM concept and application of its elements by the INVs originating from Poland. Based on two computer-aided telephone interview （CATI） studies of INVs from the Polish industrial processing sector, the central elements of EM, applied by them, are explored, together with their relationship to INV performance. As it is shown, the INVs introduce significantly more product innovations than the gradually internationalized small and medium sized enterprises （SMEs）. They often exceed competitors in the speed of launching innovations and are flexible in entering new markets. The entrepreneurial orientation （EO） indicators are at low to medium levels in all studied SMEs. However, the propensity to risk is slightly stronger in the INVs and correlated moderately with the financial performance. As the study shows, lack of emphasis on marketing planning and information gathering is the characteristic of the Polish INVs, which may testify to their effectual approach to decision making. Furthermore, similar as in the foreign-based INVs, there may exist a relationship between the application of the EM concept and performance of the Polish INNs, which, however, requires further study with respect to some mediating factors. It has been concluded that innovativeness of the product offering and propensity to risk seems to be the characteristic EM concept elements accompanying the rapid internationalization of INVs. The future research should focus on other elements of the EM-mix applied by INVs originating from emerging economies.
基金the financial support from the National Natural Science Foundation of China(72073063,71673133).
文摘Crowdfunding provides a novel and potential way for innovative but risky new ventures to fund their new product development(NPD)projects.To help potential investors evaluate the projects and enhance the credibility of disclosure,founders are struggling with how to phrase the project description.The rapidly growing cleantech crowdfunding projects provide an ideal context to study this issue.We collected information on cleantech crowdfunding projects and matched non-cleantech crowdfunding projects from Kickstarter.The sample period extends from January 2013 to October 2018.Using signaling research as a theoretical lens and a dictionary-based,computerized text mining method,we found that founders of high-quality cleantech crowdfunding projects could create a reliable signal of quality by providing a project description with a less ambiguous tone and thus boost the success of crowdfunding.Moreover,the signaling effectiveness of a less ambiguous tone is more pronounced in cleantech crowdfunding than in matched non-cleantech crowdfunding,suggesting that the marginal benefit of using a less ambiguous tone is larger when the industry information environment is noisier.Further evidence shows that the signaling effectiveness of a less ambiguous tone in cleantech crowdfunding could be strengthened by backers’endorsements.Our findings imply that tone ambiguity in project descriptions is related to founders’information-concealing behavior.Potential investors could search ambiguous words in project descriptions and just allocate their limited attention into projects with a low percentage of ambiguous words to avoid information overload.Founders of high-quality projects could boost crowdfunding success by using a less ambiguous tone to describe their projects.The marginal effect is larger when there is greater uncertainty about project prospects.
基金supported by SHANNXI Social Science Foundation(10Q067)Ministry of Education Social Science and Humanities Foundation(12YJA630187)High Education Research Fund of Northwestern Polytechnical University(2014)
文摘This study analyzes opportunity recognition and development from the perspective of job embeddedness based on entrepreneurial action of tech-entrepreneur. The impact of job embeddedness to entrepreneurial path choice of tech-entrepreneur is tested by multi-case study. This paper also provides theoretic evidence to enhance the possibility of success of start-ups for entrepreneurs.
文摘Following two previous joint ventures in China (please see report in last issue for more), Valeo concluded the third joint venture agreement for this year in late September. The joint venture is with Hubei Auto Lightings Factory located at Xiangfan city of Hubei province. The joint venture company will
文摘New overseas venture evaluation is key for oversea exploration of Chinese oil companies,whose credibility directly determine the degree of success of exploration for overseas blocks.The uniqueness of new overseas venture evaluation in short assessing cycle and limited data make project management vital.Project management includes human resource allocation,quality control and effective communication.In China National Offshore Oilfield Corporation(CNOOC),the new overseas venture evaluation system has been established.This system includes quality control system and assurance for new overseas venture evaluation,geological evaluation norms for overseas oil & gas exploration,regulations for new overseas venture evaluation and seismic interpretation methodology and procedure for new overseas venture evaluation.Directed by the new overseas venture evaluation system,three-level quality control and management of data-room visit are strictly reinforced,which guarantees the efficiency and quality of new overseas venture evaluation.As a result the new overseas venture evaluation boosts the development of young explorationists and leads to breakthroughs in exploring potential target areas of CNOOC and in the discovery of giant oil and gas fields,which underpins the development of overseas business in CNOOC.
