Now showing items 21-40 of 6399

    • Bad news - The importance of how, when and by whom it is communicated

      Patient, David; Saldanha, M.F.; Domingues, J. (2013)
    • A social-psychological perspective on angel investment decision-making

      Imhof, Zoë (2020)
      Academics and practitioners have all often claimed that acquiring resources is a challenging task that entrepreneurs need to overcome to develop their ventures (e.g., Stinchcombe, 1965). This challenge is particularly acute for young, high-growth potential ventures because they often involve unproven technologies or business models (e.g., Berger & Udell, 1998). Angel investors are a primary source of early-stage (i.e., seed and startup) risk capital available to such entrepreneurs, and tend to come in after entrepreneurs have depleted their personal savings and money from family and friends (e.g., Drover et al., 2017). Many highly successful companies such as Zoom, Airbnb, Google, Starbucks, The Body Shop, Innocent Smoothies, and Showpad have all been backed by angels. The pitch represents a critical first step towards raising interest among angel investors and securing much-needed funding (e.g., Chen et al., 2009; Kanze, Huang, Conley, & Higgins, 2018; Maxwell, Jeffrey, & Lévesque, 2011). The pitch is a decisive moment in entrepreneurs' quest for money as investors reject 70 to 90 percent of pitches (e.g., Chen et al., 2009; Huang & Pearce, 2015; Maxwell et al., 2011). This dissertation contributes to the growing stream of research that examines angels' investment decision-making. By drawing on theories from social psychology literature, this dissertation seeks to offer a more relational perspective to explore how angels judge entrepreneurs during their pitch and how angel and entrepreneur interact with each other during their first face-to-face meeting. The first paper of this dissertation focuses on the impact of angel's judgment about the entrepreneur on their decision to invest at the end of the pitching phase (i.e., after Q&A session), the second paper focuses on explaining why angels lose interest to invest within the pitching phase (from after the presentation to after the Q&A session) and the third paper focuses on the social interaction between entrepreneur and angel during the Q&A session. More specifically, building on social judgment research and resource allocation theory, the first study explores entrepreneur's warmth and competence as two critical dimensions along which angels perceive and judge entrepreneurs when making investment decisions and how angels' mental resources explain the interplay between perceived warmth, perceived competence and pitch sequence. The second study builds on the Elaboration Likelihood Model as dual-process theory to examine the impact of angel's experience and entrepreneur's verbal and nonverbal behavior on angel's likelihood to lose interest to invest from the presentation to after the Q&A session. In the third study examines the impact of angel's power words when asking questions on entrepreneur's answers.
    • Business ecosystems. What do they mean for your company? And how do they impact your role as a leader?

      De Stobbeleir, Katleen; Peeters, Carine; Pfisterer, Matthias (2020)
      Recently, two competing Belgian telecom giants, Telenet and DPG Media, announced an intensive strategic collaboration in response to the increased competition from global players like Netflix, Disney + and Apple TV. Such strategic partnerships between organisations are not new. Think of the collaboration between Douwe Egberts and Philips, which led to the introduction of the Senseo coffee machine. Most of these strategic collaborations consist of clearly defined and formalised projects, in which the legal departments are closely involved in delineating the partnership as well. But the world is changing rapidly. And so is the way in which organisations partner with each other. Changing customer expectations, increased regulation, new technologies, and the societal risks that come with a globalising economy shape the strategic agendas of many CEOs. These evolutions force organisations to rethink the way in which they collaborate with partners.
    • China's rise and internationalization

      2018 marks the 40th anniversary of the start of China's reform and opening up policy, which created China's growth miracle with an annual average growth rate of around 9.5 percent. China's rapid rise and internationalization has also generated profound impacts both regionally and globally. This edited book aims to bring together academics and researchers at policy institutions to discuss ongoing research on a wide range of theoretical and empirical issues related to China's rapid rise and internationalization from both regional and global perspectives.
    • Creating value through blockchain technology: A Delphi study

      Schlecht, Laura; Schneider, Sabrina; Buchwald, Arne (2020)
      The blockchain technology has gained increasing attention and awareness in both corporate practice and academia. Both sides expect the technology’s impact on business and society to be fundamental. However, more in-depth insights into how blockchain will disrupt the way businesses create and cap-ture value are limited. In response to the prevalent uncertainty about the future developments caused by blockchain, this study aims at identifying the prospective value creation potentials for organiza-tions. This forecasting study builds on a Delphi approach to derive reliable predictions about block-chain’s future developments by 2030 in the business model context. We specifically discuss how block-chain is likely to influence value creation in the business model context. Based on expert interviews, workshop insights, and prior literature, we developed a meaningful set of 36 projections on the impli-cations of the blockchain’s future developments. Our findings predict that blockchain will mainly cre-ate value by massively increasing efficiency gains, which forms the basis for making entirely new business models feasible. We complement this finding by revealing that blockchain technology will create the most value, not in isolation, but in combination with other technologies. Our research re-duces some of the environmental uncertainty managers face and identify relevant avenues for future research.
    • Going to the core of hard resource-constrained project scheduling instances

      Coelho, José; Vanhoucke, Mario (Computers and Operations Research, 2020)
      The resource-constrained project scheduling problem (RCPSP) is one of the most studied problems in the project scheduling literature, and aims at constructing a project schedule with a minimum makespan that satisfies both the precedence relations of the network and the limited availability of the renewable resources. The problem has attracted attention due to its NP hardness status, and different algorithms have been proposed that solve a wide variety of RCPSP instances to optimality or near-optimality. In this paper, we analyse the hardness of this problem from an experimental point-of-view by testing different algorithms on a huge set of existing instances and detect which ones are difficult to solve. To that purpose, we propose a three-phased approach that makes use of five elementary blocks, well-performing algorithms and a huge amount of computational power to transform easy RCPSP instances into very hard ones. The purpose of this study is to create insight and understanding into what makes an RCPSP instance hard, and propose a new dataset that consists of a small set of instances that are impossible to solve with the algorithms currently existing in the literature. These instances should be as small as possible in terms of number of activities and resources, and should be as diverse as possible in terms of network structure and resource strictness. Such a dataset should enable researchers to focus their attention on the development of radically new algorithms to solve the RCPSP rather than gradually improving current algorithms that can solve the existing RCPSP instances only slightly better.
    • Financing intangibles: Is there a market failure?

      Manigart, Sophie; Vanacker, Tom; Knockaert, Mirjam; Verbouw, Jeroen (2020)
      It is well established that growth companies positively and disproportionately impact employment creation and economic growth (European Commission, 2016a; OECD, 2019a). At the same time, these companies are confronted with significant challenges, including access to finance (OECD, 2019b). Numerous initiatives have been taken by regional and national authorities and by the European Union to alleviate growth companies’ expected funding gaps.
    • Resilience in the face of uncertainty: Early lessons from the COVID-19 pandemic (Published Online)

      Bryce, Cormac; Ring, Patrick; Ashby, Simon; Wardman, Jamie (Journal of Risk Research, 2020)
      The transboundary dynamics of COVID-19 present an unprecedented test of organisational resilience. In the UK, the National Health Service (NHS), a talisman of collective fortitude against disease and illness, has struggled to cope with inadequate provision of virus tests, ventilators, and personal protective equipment needed to fight the pandemic. In this paper, we reflect on the historic dynamics and strategic priorities that have undermined the NHS’s attempts to navigate these troubled times. We invoke the organisational resilience literature to address ‘the good, the bad and the ugly’ of preparedness in readiness and response to the current pandemic. In particular, we draw on Meyer’s (1982) seminal work on ‘adaptation to jolts’, excavating current preparedness failings. We argue an overreliance on perceived efficiency benefits of ‘lean production’ and ‘just in time’ continuity planning superseded strategic redundancy and slack in the system. This strategic focus was not simply the result of a failure in foresight, but rather a failure to act adaptively on knowledge of the known threats and weaknesses spotlighted by earlier projections of an inevitable pandemic threat. In conclusion, we consider how the UK Government and NHS must now undergo a phase of ‘readjustment’ in Meyer’s terms, in light of these failings. We suggest that independent responsibility for national future preparedness should be handed to the NHS free from political interference. This would operate under the umbrella of a national emergency preparedness, resilience and response public body, enshrined in law, and similar in governance to the current Bank of England. This will help ensure that foresight is accompanied by durability and fortitude in safeguarding the UK against future pandemic threats.
    • Shedding light on reimbursement policies of companion diagnostics in European countries (Published Online)

      Govaerts, Laurenz; Simoens, Steven; Van Dyck, Walter; Huys, Isabelle (Value in Health, 2020)
      Ensuring access to precision medicine has been an issue because in some European countries, desynchronized reimbursement decision-making occurs between the medicine and the companion diagnostic (CDx). This has resulted in cases in which precision medicine is reimbursed but not the CDx. In overcoming this issue, an alignment of the decision-making process for reimbursement between the 2 entities should be considered. As pharmaceutical reimbursement procedures are meticulously covered in the literature, we set out to systematically map in vitro diagnostic (IVD) reimbursement procedures and identify policies for aligning these procedures with the pharmaceutical reimbursement procedures.
    • Learning agility: Learning from the data to move beyond the debate

      Vandenbroucke, Astrid; Buyens, Dirk; De Stobbeleir, Katleen (2019)