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Excellence in Innovation Management
Markus Sattler reviews the predictors of successful innovation management on firm level with a meta-analytic approach. His findings suggest in that the role of knowledge management and an environment of learning are important success factors on which managers can have a substantial effect.
The Founder’s Investor Choice
A founder’s decision for an investor can substantially influence the new venture’s success. Two common types of venture capital (VC) are independent venture capital (IVC) and corporate venture capital (CVC). Previous research focused on the investor’s perspective and studied the distinct differences between IVC and CVC, their value-adding capabilities, and risks. In contrast, as founders’ investor options have been rising, this research focuses on the founders and studies, which of the two types they prefer and why. The author outlines which investor characteristics founders favor and quantifies the value of these VC characteristics in terms of accepted equity dilution. The results show that founder preferences for the two VC types are highly heterogeneous. The author provides recommendations for founders on how to find the right investor and outlines how investors can position themselves to attract the most promising ventures and founding teams.
Management Control in Small and Medium-Sized Enterprises
Jens Hutzschenreuter determines the effect of management control forms on the performance of innovative small and medium sized enterprises (SMEs). His findings suggest that in fact indirect control forms have a stronger performance impact than traditional control forms.
Trust of Potential Buyers in New Entrepreneurial Ventures
Acquiring the first customers is a make-or-break challenge for new ventures. In how far does the trust of a potential future customer in a new venture influence his decision to purchase? How can an entrepreneur convey trustworthiness in order to influence the decision? In his dissertation, Gunnar Wiedenfels responds to these questions with an empirical study testing a theory-based model of trust, its drivers, and its effect on purchase intentions.
The Evolution of Entrepreneurs` Fund-Raising Intentions
Marc Grünhagen examines the evolution of fund-raising struggles in eleven in-depth case studies of seed and early stage ventures. The findings suggest two core recommendations for supporting growth-oriented fund-raising processes: a) to build legitimizing potential and b) to ensure sufficient financial scope for flexible adaptations throughout the financing struggle.
Balancing Exploitation and Exploration
Patrick Schulze investigates the performance effects and organizational antecedents of innovation strategies and, in particular, ambidexterity.
Market-Driving Behavior in Emerging Firms
Jesko-Philipp Neuenburg researches the market-driving behavior – i.e. the behavior of a company that is directed to fundamentally change the structure of the market and/or behavior of market stakeholders – in emerging firms.
Antecedents of Venture Firms’ Internationalization
Julia Christofor’s study aims to analyze the conditions of the initial internationalization decision in the Net Economy. The results suggest that a holistic perspective including the founder, business model and the firm level should be considered when explaining the internationalization propensity of entrepreneurs.
Freiheit unter dem Gesetz
English summary: When Hayek was awarded the Nobel Prize in Economics in 1974 he had already been working on problems of moral and legal philosophy for over three decades. Nevertheless, apart from a few exceptions the field of legal studies has hardly taken any notice of his extraordinarily comprehensive theoretical work, even though Hayek thought in terms of their systematic categories more than any other economist. Jens Petersen attempts to understand freedom under the law as a normative condition of his epistemological justification of the market economy. He concludes that Hayek, despite his controversial rejection of social justice, has a place amongst the remarkable legal thinkers of the...
Universalkonzepte im Fremdsprachenunterricht
Wer eine fremde Sprache aus freien Stücken lernen will, ist hoch motiviert. Das Potenzial dieser Motivation auf dem Weg zum Erlernen der Fremdsprache voll auszuschöpfen – davon träumt wohl jede/r Sprachlehrer/in. Der Schlüssel dazu liegt in Lehr- und Lernprinzipien, die aus der Praxis des Erlernens der „großen“ Sprachen hergeleitet worden sind und als universal sowie sprachenübergreifend anwendbar gelten. Milica Sabo zeigt anhand empirischer Daten, welchen Bedarf es für solche Lehr- und Lernprinzipien an deutschen Hochschulen gibt und wie sie bewertet werden. Zudem klärt sie, ob diese Lehr- und Lernprinzipien auch für den Einsatz im Unterricht einer kleinen Sprache – wie hier dem Kroatischen – geeignet sind.
