Browsing by Title
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Vintergaard, Christian; Husted, Kenneth (København, 2003)[More information][Less information]
Abstract: Corporate venturing managers have the rule of thumb that only approximately one out of ten investments really pay of in financial measures. These low odds for success, of course, put extremely high expectations to the profit yielded from the few investments that become successful. In other words, the few successful investments carry the costs of many more investment decisions. It would obviously be attractive to improve the ability to "pick the winners". In this paper, we develop a conceptual framework for understanding how firms` involvement in establishing and nurturing the venture base (the idea creation phase) enhances their ability to select ventures. Keywords: Corporate venturing, venture base, selection, network. URI: http://hdl.handle.net/10398/7308 Files in this item: 1
ckg wp 14 2003.pdf (67.40Kb) -
Schmidt, Marcus (København, 2005)[More information][Less information]
Abstract: Den foreliggende rapport bygger på en analyse af 871 huskesedler. Sedlerne er dels indsamlet i Jylland og dels i København. Indsamlingen af forbrugernes kasserede huskesedler er foregået såvel inde i dagligvarebutikkerne (indkøbskurve, affaldsspande) som ude foran butikkerne (parkeringsplads, indkøbsvogne). Dataindsamlingen omfatter de største supermarkeder og discountbutikker samt Bilka. Det vedhæftede appendiks forenden indeholder en nærmere redegørelse for den anvendte metodiske fremgangsmåde. Da produkter på en indkøbsseddel ofte er uklart beskrevet ("frugt" "grønt", "diverse pålæg", "weekendguf" osv.) har vi valgt at betegne hver nedfældning, der er protokolleret på papir, som et vareemne eller et indkøbsforsæt. "2 Agurker" og "Rød Merrild, 23,95" er ret præcist beskrevet, hvilket "frugt", "diverse pålæg" eller "morgenmad" ikke just kan siges at være. Medens en indkøbsseddel giver fuld mening og kan "afkodes" af medlemmerne af den pågældende husstand, kan den virke indforstået og delvis uforståelig for udenforstående. Øl er måske ensbetydende med den ramme med 6 Tuborg, som man plejer at købe, "frugt" kan være synonym med bananer, æbler og appelsiner, husstandens tre foretrukne frugter osv. De 871 huskesedler indeholdt i gennemsnit lidt over 9 vareemner. Medens der er store udsving, gælder at flertallet af huskesedler indeholder mellem 3 og 15 vareemner. Der er dog en spredning i opadgående retning. En huskeseddel indeholdt faktisk 60 emner. Se Figur 2 forneden i appendiks. Samlet rummede de 871 sedler 8047 vareemner. Skønsvist drejer det sig om mellem 600 og 800 forskellige produkter. Det præcise tal lader sig ikke helt fastlægge, idet visse vareemner ("grønt", "pålæg" og "tøj" osv. i modsætning til agurker, hamburgerryg og Adidas T-shirt XL) ikke tillader identifikation af et specifikt produkt. Dertil kommer af 542 emner fordelt over 262 sedler ikke kunne identificeres positivt (ulæseligt). URI: http://hdl.handle.net/10398/7677 Files in this item: 1
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Janning, Finn (København, 2003)[More information][Less information]
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Olsen, Jørgen Kai (København, 2005)[More information][Less information]
Abstract: Mange kortvarige forbrugsgoder har den egenskab, at de ikke nødvendigvis forbruges i den periode, hvor de købes, fordi det er muligt for forbrugeren at lægge dem på lager til senere brug. Dette gælder fx for varer som kaffe, te, øl, spiritus, læskedrikke, sæbe, vaskepulver, hårshampoo, tandpasta, papirvarer og konserves. For denne type varer er det klart, at den aktuelle størrelse af forbrugerens lager (dvs. beholdning af varen) som hovedregel vil spille en afgørende rolle for hans købs- og brugsadfærd i en given periode. Dette forhold kommer eksempelvis implicit til udtryk, når man i kvantitative modeller for en virksomheds afsætning og/eller markedsandel finder en signifikant effekt ikke kun af den aktuelle pris for varen, men også af prisen for varen i én eller flere tidligere perioder. Se fx Birch, Olsen og Tjur (2005). En sådan effekt er imidlertid kun en indirekte effekt. Den direkte determinant for forbrugerens købs- og brugsadfærd er ikke prisen for varen i en tidligere periode (som man jo ikke kan købe ind til mere i den aktuelle periode), men derimod størrelsen af forbrugerens lager af varen på det tidspunkt, hvor købet og forbruget realiseres. Men det er klart, at størrelsen af det aktuelle lager vil være bestemt af prisen for varen i én eller flere tidligere perioder. Endvidere er det klart, at prisen for varen - ikke kun i én forudgående periode, men i en lang række forudgående perioder - vil være en indikator for, om prisen for varen i den aktuelle periode er høj eller lav. Det sidstnævnte forhold vil vi dog se bort fra i det følgende. Problemstillingen i denne artikel er herefter at opstille en model for forbrugerens købs- og brugsadfærd for et kortvarigt forbrugsgode, hvor den aktuelle størrelse af forbrugerens lager af varen gøres til direkte determinant for hans adfærd. Foruden størrelsen af det aktuelle lager af varen vil vi inddrage den aktuelle pris for varen som determinant for forbrugerens købsadfærd. Når vi kun inddrager denne ene beslutningsvariabel i modellen, skyldes det alene ønsket om at simplificere fremstillingen. Modellen opbygges nemlig således, at den umiddelbart vil kunne generaliseres, ved at der inddrages yderligere forklarende variable for købs- og brugsadfærden i den, fx virksomhedens salgsindsats og konkurrenternes pris og salgsindsats. En tilsvarende problemstilling har hyppigt været behandlet i den afsætningsøkonomiske litteratur. Se fx Jain and Vilcassim (1991) for en grundig litteraturgennemgang og modelsammenligning. Men de benyttede modeller har et noget andet udgangspunkt end vort. Dels fordi modellerne er modeller for ventetiden mellem to på hinanden følgende køb af varen. Eksempelvis eksponentialfordelingen og den negative binomialfordeling (Ehrenberg (1959)), Erlangfordelingen (Herniter(1971), Zufryden (1978), Jeuland, Bass and Wright (1980) og Gupta (1988)) og Cox’s hazard model (Jain and Vilcassim (1991)). Dels fordi det aktuelle lager af varen kun indgår indirekte i modelkonstruktionen via størrelsen af det købte kvantum ved forrige køb. Den model, vi vil opstille i det følgende, er i modsætning til ovennævnte modeller en model for antal købte enheder af varen i en given periode, hvor størrelsen af det aktuelle lager af varen indgår eksplicit i modelkonstruktionen. Fordelen ved denne modelformulering er, at man får mulighed for at bestemme sandsynlighedsfordelingen for størrelsen af forbrugernes lager af varen på et givet tidspunkt. URI: http://hdl.handle.net/10398/6652 Files in this item: 1
rp 2005-002 kai olsen.pdf (236.5Kb) -
notat til udvalget om skat og internationaliseringBlomgren-Hansen, Niels (København, 2001)[More information][Less information]
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Skov, Lise (Frederiksberg, 2011)[More information][Less information]
Abstract: This paper is written in preparation for the ‘Wardrobe Ethnographies’ conference to be held in Herning in June 2011. It aims to provide a research framework that goes beyond a catalogue of existing literature, and to provide discussion points for the conference papers. Scholars from several different disciplines have studied wardrobes and dress practices through a range of ethnographic and related qualitative and quantitative methods. The aim of the conference and ensuing book is to bring together a series of papers which combine a discussion of research approaches and methods with an ethnographic account of research findings. We hope to make a dual argument; firstly as obbjects of study wardrobes and dress practices can generate critical and innovative insights both at micro and macro levels; , and secondly, that what I tentatively term wardrobe ethnographies are a feasible and realistic research approach that is attracting scholars from different disciplines and with different research interests. URI: http://hdl.handle.net/10398/8277 Files in this item: 1
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the leadership challengeMeyer, Klaus (København, 2000)[More information][Less information]
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Origins, Attributes, CritiqueFoss, Nicolai J.; Klein, Peter G. (, 2009)[More information][Less information]
Abstract: Israel Kirzner’s concept of entrepreneurship as alertness to profit opportunities is one of the most influential modern interpretations of the entrepreneurial function. Shane and Venkataraman’s (2000: 218) influential assessment defines entrepreneurship research as “the scholarly examination of how, by whom, and with what effects opportunities to create future goods and services are discovered, evaluated, and exploited.” As such, “the field involves the study of sources of opportunities; the processes of discovery, evaluation, and exploitation of opportunities; and the set of individuals who discover, evaluate, and exploit them.” Shane’s General Theory of Entrepreneurship (2003) cites Kirzner and “Kirznerian opportunities” more than any writer other than Joseph Schumpeter. More generally, the entrepreneurial opportunity, rather than the individual entrepreneur, the startup company, or the new product, has become the centerpiece of the academic study of entrepreneurship. URI: http://hdl.handle.net/10398/7755 Files in this item: 1
SMG WP 2009-02.pdf (317.2Kb) -
How Headquarters Facilitate Business Model Innovation at the Subsidiary LevelCao, Yangfeng; Ping Li, Peter; Skat-Rørdam, Peter (Frederiksberg, 2013)[More information][Less information]
Abstract: Primarily due to the large gaps in economic and institutional contexts between the developed and emerging markets, business model innovation (BMI) at the subsidiary level plays an important role for the success of small and mediumsized firms (SMEs) from the developed markets operating in the emerging markets as top-down venture. While some studies claim that the direct involvement of headquarters (HQ) of SMEs in the activities of their subsidiaries is essential, surprisingly little is known about how HQ specifically facilitates BMI at the subsidiary level, especially in the context of top-down venture. Adopting the method of comparative and longitudinal case study, we tracked the BMI process of six SMEs from Denmark operating in China. The emergent framework indicates that entrepreneurial aspiration and flexibility at the HQ level 2 Asia Research Centre, CBS, Copenhagen Discussion Paper 2013-42 are two primary facilitators of BMI at the subsidiary level via the mechanisms of commitment and cooperation. We also found that BMI performance would influence the two facilitators in a feedback loop. Hence, we can contribute to the literatures on international entrepreneurship and strategic entrepreneurship by integrating the two previously separated research streams via their shared theme of accelerated learning. In particular, this study helps solve the puzzle concerning fast and successful international venture. URI: http://hdl.handle.net/10398/8679 Files in this item: 1
Yangfeng_Cao.pdf (521.1Kb) -
Iversen, Jens; Malchow-Møller, Nikolaj; Sørensen, Anders (Frederiksberg, 2009)[More information][Less information]
Abstract: We argue that formal schooling and wage-work experience are complementary types of human capital for entrepreneurs. Strong empirical support is found for this hypothesis as the interaction term between schooling and actual wage-work experience enters positively and significantly in a Mincer equation, whereas the effect of schooling in the absence of wage-work experience is insignificant. These results are extremely robust towards more flexible specifications, including fixed-effects estimations dealing with unobserved heterogeneity. For wage workers, the interaction term is negligible, confirming that the complementarity is a distinct characteristic of entrepreneurial human capital. URI: http://hdl.handle.net/10398/7990 Files in this item: 1
WP_Iversen_Malchow_Sorensen.pdf (256.4Kb) -
A Review and Future Directions for ResearchV. Christensen, Patrizia; P. Ulhøi, John; Madsen, Henning (Århus, 2004)[More information][Less information]
Abstract: The main focus of this paper is on individuals and/or groups of individuals who create or seize a new technology-based or knowledge-intensive entrepreneurial opportunity. For this purpose, a theoretical framework for studying entrepreneurship, using financial, social and human capital, including social ties and networks, has been developed. Research themes or questions concerning how social ties and entrepreneurs’ background affect the funding, launching and subsequent development of a new venture in high-tech or knowledge-intensive sectors are outlined. Also of interest here is how the presence or absence of important environmental factors, such as financing opportunities and involvement in a technology business incubator, can affect the success or failure of entrepreneurial efforts. After reviewing the existing literature, the paper concludes by presenting future research challenges and practical implications for organisations and individuals willing to take advantage of entrepreneurial opportunities URI: http://hdl.handle.net/10398/8128 Files in this item: 1
8791023068.pdf (72.30Kb) -
Christensen, P. V.; Ulhøi, J. P.; Neergaard, H. (Aarhus, 2001)[More information][Less information]
Abstract: Based on a number of in-depth case studies, the aim of this paper is to elucidate some of the key internal and external mechanisms influencing the foundation and early growth of high-tech and knowledge-intensive entrepreneurial ventures. Following a detailed sampling procedure, a number of semi-structured interviews were carried out between August 2000 and June 2001. The firms were chosen among those established during the last three years both inside and outside Danish business incubators. The sampling was carried out in such a way as to include both male and female entrepreneurs. Our preliminary findings indicate that in the early phases of the business, prior social relations between members of the entrepreneurial teams play an important role in both the recruiting of key employees and managers and in the success of the entrepreneurial venture. Moreover, the weak ties resulting from the personal and/or business experience of at least one of the members of the entrepreneurial team appear to enhance the likelihood of the firm being “born global”. URI: http://hdl.handle.net/10398/8136 Files in this item: 1
x645152489.pdf (52.15Kb) -
Moberg, Kåre (Frederiksberg, 2012)[More information][Less information]
Abstract: In this book chapter I present a multidimensional entrepreneurial self-efficacy (ESE) scale. The scale builds on three established ESE-scales, but the reliability of it is improved compared to the original three scales as the highly discipline-specific jargon is transformed to a more neutral wording of the items. The scale has been tested in a large scale survey including 445 students from twelve different programmes at three universities in Denmark and one university in Sweden. Exploratory factor analysis (EFA) has been applied in order to investigate the multidimensionality of the items in the scale, and confirmatory factor analysis (CFA) has been applied to investigate its convergent, discriminatory and nomological validity. The results demonstrate support for a multidimensional ESE-scale with high predictive validity regarding entrepreneurial behaviours and with high reliability as the items are comprehensible to respondents, regardless if they have entrepreneurial experience or not. The scale can thus be used in programme evaluations that include control groups or other type of individuals that lack entrepreneurial experience. URI: http://hdl.handle.net/10398/8565 Files in this item: 1
Moberg_SMGWP2012_6.pdf (855.5Kb) -
From opportunity discovery to judgmentFoss, Nicolai J.; Klein, Peter G. (København, 2008)[More information][Less information]
Abstract: Entrepreneurship has become a fast-growing subfield in management research, and is increasingly appearing in economics, finance, and even law. We survey a number of approaches to entrepreneurship in the economics and management literatures, and argue that modern research in this area need to be focused around ideas from Austrian economics and Frank Knight on entrepreneurial judgment. We critically discuss the recent opportunity discovery literature in management, and argue that it has partially misunderstood the Austrian origins of the theory, and fails to ade-quately distinguish between opportunity identification and opportunity exploitation. URI: http://hdl.handle.net/10398/7485 Files in this item: 1
smg wp 2008-05.pdf (347.1Kb) -
Klein, Peter (København, 1998)[More information][Less information]
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Foss, Nicolai J.; Klein, Peter G. (København, 2008)[More information][Less information]
Abstract: Entrepreneurship is ultimately about the arrangement of resources into productive activi-ties. Much of the entrepreneurship literature, however, has focused on the demand side of the market. While resource heterogeneity is a feature of many theories of the firm, such theories are not built on a systematic theory of capital. We show how the approach to capital developed by the Austrian school of economics provides a natural bridge between theory of entrepreneurship and the theory of the firm. We refine Austrian capital theory by defining capital heterogeneity in terms of subjectively perceived attributes, the func-tions, characteristics, and uses of capital assets. Such attributes are not given, but have to be created or discovered by means of entrepreneurial action. URI: http://hdl.handle.net/10398/7443 Files in this item: 1
smg wp 2008-03.pdf (348.5Kb) -
Foss, Nicolai J.; Klein, Peter G.; Bylund, Per L. (Frederiksberg, 2011)[More information][Less information]
Abstract: The study of entrepreneurship and the study of economic organizing lack contact. In fact, the modern theory of the firm virtually ignores entrepreneurship, while the literature on entrepreneurship often sees little value in the economic theory of the firm. In contrast, we argue in this chapter that entrepreneurship theory and the theory of the firm can be usefully integrated, and that doing so would improve both bodies of theory. Adding the entrepreneur to the theory of the firm provides a dynamic view that the overly static analysis of firm organizing cannot support. Moreover, adding the firm to the study of the entrepreneur provides important clues to how we can understand entrepreneurship. URI: http://hdl.handle.net/10398/8250 Files in this item: 1
SMG WP 6_2011.pdf (160.0Kb) -
Foss, Nicolai Juul; Klein, Peter G. (, 2011)[More information][Less information]