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Digitalization is changing business models and operational processes. At the same time, improved data availability and powerful analytical methods are influencing controlling and increasingly require the use of statistical and information technology skills and knowledge. Using a case study from marketing controlling, the article shows the use of business analytics methods and addresses the tasks of controlling in the digital age.
Purpose – The purpose of this study is to explore the exogenous and endogenous drivers of the high-growth of Unicorn start-ups along their life cycle, with a particular focus on Unicorns in the fintech industry.
Design/methodology/approach – The study employs an explorative longitudinal analysis with a matched pair of two cases of Unicorns start-ups with similar antecedent features to understand holistically drivers over the longer term.
Findings – High-growth patterns over the longer term are the result of a combined industry- and company-life cycle perspective. Drivers and growth patterns vary significantly according to the time of entry in the industry and
its development status. The findings are systematised within a set of propositions to be tested in future research.
Research limitations/implications – The limitations lie in empirical evidence, as the analysis is limited to one matched-pair. The revealed Unicorns’ drivers for long-term growth might encourage future research to further investigate these drivers on a larger scale.
Practical implications – The study offers practical recommendations for start-ups with high-growth ambitions and advice to policy makers regarding the development of tailor-made support programs.
Originality/value – The study significantly extends extant work on growth and high-growth by examining endogenous and exogenous triggers over time and by linking the Unicorn-life cycle to the industry life cycle, an approach which has, to the best of the authors’ knowledge, not yet been applied.
International Entrepreneurship explains the opportunities and challenges facing internationalizing entrepreneurial ventures. The book inlcudes a thorough discussion of fundamentals as well as contemporary research findings. Numerous cases, featuring diverse contexts, illustrate theory and help classroom use.
The thorny issue of time
(2023)
Digital twin as enabler of business model innovation for infrastructure construction projects
(2023)
Emerging technologies and methods are becoming an important element of the construction industry. Digital Twins are used as a base to store data in BIM models and make use out of the data respectively make the data visible. The transparency in all phases of the lifecycle of building and infrastructure assets is crucial in order to get a more efficient lifecycle of planning, construction and maintenance. Whereas other industries increased performance in these phases by making use out of the data, construction industry is stuck in traditional methods and business models. In this paper we propose a concept that focuses on the digital production twin. The comparison of planning data with As-Is production data can empower a data driven continuous improvement process and support the decision making process of future innovations and suitable business models. This paper outlines the possibility to use the data stored in a digital twin with regards to the evaluation of possible business models.
The role of entrepreneurs and intrapreneurs in the current zeitgeist is to drive innovation, re-shape rigid, established processes in business as well as for consumers. They use new viewpoints to pioneer new (business) models which focus on ‘smartness’ rather than the purely monetary and short-sighted models of yesteryear. Fostering and supporting the culture of this current zeitgeist is a mayor challenge for entre- and intrapreneurial support infrastructures, namely startup centres and innovation hubs of universities and other public institutions as well as innovation centres of private companies. Hereby, support may range from access to funding over provision of resources such as offices or computing hardware to coaching in the development of business ideas and strategic roadmaps for product and service deployment. In this paper, we focus on describing the status-quo of afore- mentioned support infrastructures in Vorarlberg and the Lake Constance region, then extend the scope to existing (international) approaches for aiding founders and inno- vators in the development of smart services. An analysis of success stories of the Vorarlberg startup centre ‘startupstube’ and other initiatives including their compar- ison to international counterparts builds the basis for a methodological framework for (service science) coaching in entre- and intrapreneurial support infrastructures. The paper is concluded by the description of a framework for choosing the right methods and tools to create service value in entre-/intrapreneurship based upon tested, proven know-how and for defining support infrastructure needs based upon pre-defined stakeholder and target groups as well as the (industry) sectors of the innovators.
In the current international business environment employees are spending large amounts of their time in meetings. More than ever these meetings take place remotely and often have the problem that individuals in the meeting do not share information or opinions. Employees often stay in muted in meetings and allow one or two participants to drive the conversation. This habit is especially troublesome for problem solving meetings. Problem solving meetings invite individuals from different disciplines to share and brainstorm possible causes for issues related to poor company outcomes. Active and open contribution from all members is required to achieve the group goals. This study aims to find methods that will increase contribution amongst meeting participants in regular meetings as well as problem solving meetings. The study tested sixteen topics for their influence on contribution in meetings. This was done in a survey, that was distributed within a multination engineering corporation, and on LinkedIn. There was a total of 68 responses. These responses were then separated by above average and below average participation in problem solving meetings. Hypothesis testing was done on the total group and separately on the problem-solving group. Employee participation in decision making and psychological safety were found to correlate highly with Contribution in meetings for both groups. Psychological safety was found to be of even greater importance to problem solving group. This study demonstrates that to increase contribution in meetings, leaders should provide a psychologically safe climate where employees share in the decision making. Furthermore, a psychologically safe environment is critical in problem solving meetings where members of different disciplines with low familiarity take part.