SBANC Newsletter
April 19, 2005
Issue
368-2005
QUOTE
"If you go to work on your goals, your goals will go to work on
you. If you go to work on your plan, your plan will go to work
on you. Whatever good things we build end up building us."
-- Jim Rohn
FEATURE PAPER
The
Venture Development Processes of “Sustainable” Entrepreneurs
This paper
was presented by David Y. Choi and Ed R. Gray
of Loyola Marymount University
at the 19th Annual USASBE/SBI Conference, “Entrepreneurship
in a Diverse World,” on January 16, 2005, in Indian Wells,
California.
ABSTRACT
This paper examines the venture development processes of “sustainable” entrepreneurs,
i.e., entrepreneurs who create and build profitable companies that
also pursue environmental or social causes. We identified 21 successful sustainable
entrepreneurs in various
industries ranging from food, apparel to biotechnology and analyzed
their strategies and decisions in key stages of their companies’ development.
Our research finds that sustainable entrepreneurs approach business differently,
from venture initiation through their eventual exit. We learn that most of
our sustainable entrepreneurs are an unusual breed with unconventional backgrounds,
strategically obtain financing from non-professional sources and employ
unorthodox, yet sound human resource management practices. They are also shrewd
in their marketing strategies and effective in running efficient, environmentally
sound operations. Finally, we observe that our sustainable entrepreneurs steadily
find innovative means for balancing their financial goals against their objectives
of making a difference in their environment and society.
Read the Entire
Paper...
TIP OF
THE WEEK
Contributions to the Community
Executive Summary
Ninety-one
percent of small employers (small-business owners) contributed
to their community in the last year through volunteering, in-kind
contributions, and/or direct cash donations. About 41 percent contributed all
three
ways. The estimated average value of contributions is $6,600 per
small employer, contributing and not, for a total of roughly $40 billion.
Seventy-four percent of all small-business owners say that they volunteered
for community and charitable activities (broadly defined) in the last
year. The average is somewhat over 12 hours per month or the equivalent
of 18 working days per year. Thirty-seven percent who volunteer also
hold an office, including a Board position, in one or more community
organizations.
Groups of employees in 39 percent of small businesses volunteer for
community activities on behalf of, or in the name of, the business.
Seventy percent provided in-kind contributions during the last year.
The estimated median value of those contributions was just over $2,000
and the average was about $3,600. About one in 10 donated more than
$10,000.
The contributions of small employers tended to be widely dispersed
rather than concentrated. They gave to 4.7 generic activities/groups
of the 10 generic types listed on the survey. Just 18 percent confined
their contributions to one or two. Since every generic type of activity/group
has several specific ones, it is highly likely their contributions
went to many specific activities and organizations.
The generic activities/groups most likely to receive small-business
owner contributions were: education/schools (from 73 percent of those
who contribute to anything); civic organizations, such as community
promotion groups, Lions, Rotary, etc. (64 percent); religious organizations
(64 percent); athletics/sports groups (58 percent). The type of generic
group least frequently supported was environmental (18 percent).
Small-business owners were likely to contribute to groups that have
an affinity to one another. For example, if an owner contributed (or
did not) to a health/disability, human services, or United Way-type
umbrella organization, he was likely (or not likely) to contribute
to others as well.
The most important reason for giving tended to be associated with
personal satisfaction sand fulfillment. The least important reason
was direct business benefits. Owners of larger small firms were more
likely to see a direct business benefit in contributing to community,
but they, too, were much more likely to attribute their behavior to
personal reasons.
Cresting a better business climate and making the community a better
place to live were also important reasons to contribute, though typically
not as important as personal satisfaction and fulfillment.
"Executive Summary." Ed.
William J. Dennis. National Small Business Poll 4.6 (2004):
1.
CONFERENCES
VisionWorks
VisionWorks is holding its Breakthrough Solutions Conference
at the Clinton Presidential Library Little Rock, Arkansas on May
3, 2005. Participants will learn about creating breakthroughs
in Arkansas communities, billion dollar decisions in Arkansas communities,
mapping your community’s future, Rural Sourcing, and more.
For more
information, visit: http://breakcon.uaex.edu/
European Marketing Academy
The European Marketing Academy will hold its 34th EMAC Conference
at the
Universita Commerciale Luigi Bocconi, Milan, Italy on May 24-27, 2005.
The conference will promote an intensive exchange of ideas, insights
and research results covering all major areas of marketing.
For more information, visit: http://www.emac2005.org
Decision Sciences Institute
The Decision Sciences Institute is holding its The 2005 International
Meeting of the Decision Sciences Institute at the IESE Business
School, University of Navarra, in Barcelona, Spain
on July 3-6, 2005. The theme for the Conference is "Technology
and Information Security Issues in Knowledge-Based Organizations."
For more information, visit: http://www.iese.edu/en/events/projects/dsi2005/home
AACSB International
AACSB International is
holding The AACSB International Conference and Annual Meeting (ICAM)
at the San Francisco Marriot Hotel in San Francisco, California
on April 21 -23, 2005.
For more information, visit: http://www.aacsb.edu
International Institute for Development Management Technology
The International Institute for Development Management Technology will
be holding its 8th International Workshop on Community Mobilisation
for SHG Formation & Economic Activation in Agra, India. At
this conference, Efforts will be made to create experiential learning
through simulation games & exercises, process work, case study
and experience sharing efforts will be made to create experiential
learning through simulation games & exercises, process work,
case study and experience sharing.
For more information, visit: http://www.aidmat.com/idmat/com%20mob.html
CALL FOR PAPERS
Association
of Management and International Association of Management (AoM/IAoM)
The Association of Management and International Association
of Management (AoM/IAoM) will hold its 22nd Annual Association
of Management and International Association of Management (AoM/IAoM)
Conference at the Norfolk Waterside Marriott, Norfolk, Virginia
on August 12-14, 2005. The theme for the conference will be: The
Power and Effectiveness of Management, Education, Technology, and
Leadership
(METL) across
Disciplines.
Submission Deadline: May 26, 2005
For more information, visit:
http://www.aom-iaom.org
University
of Illinois at Chicago
The University of Illinois at Chicago is holding its UIC Research Symposium
on Marketing and Entrepreneurship 2005 at San Francisco State University,
San Francisco, California on August 1-3, 2005.
Submission Deadline: May 1, 2005
For more
information, visit: http://www.uic.edu/cba/ies/upcoming_symposia.html
Direct Marketing Educational Foundation
The Direct Marketing Educational Foundation will hold its 17th Annual
DMEF Educators' Conference at the Atlanta Marriott Marquis in Atlanta,
Georgia on October, 16-19, 2005. Topics will include: Communication
Strategies, Consumer Behavior in Interactive Environments, Interactive
Channels, etc.
Submission Deadline: May 2, 2005
For more information, visit: http://www.educatorsconference.org
The CIBER
Institute
The CIBER Institute will hold The 2004 European Applied Business Research(EABR)
Conference and the European College Teaching & Learning(TLC) Conference
in Athens, Greece at the Marriott Hotel
on June 13-17, 2005.
Submission Deadline: May 14, 2005
For more
information, visit: http://www.ciberinstitute.org/
IPSI-2005 SLOVENIA
IPSI will hold its IPSI BgD conference at the Hotel Toplice Bled,
Slovenia on December 8-11, 2005. One of the main topics of this
conference is "E-education and E-business with Special Emphasis
on Semantic Web and Web Datamining."
Submission Deadline: July 5, 2005
For more information, visit: http://www.lkn.fe.uni-lj.si/ipsi/
The SBANC Newsletter is
provided as a service to the members of our affiliates: Academy of
Collegiate Marketing Educators (ACME), Association
for Small Business& Entrepreneurship (ASBE), Decision Sciences
Institute (DSI), Federation of Business Disciplines (FBD), International
Council for Small Business Congress (ICSB), Institute
for Supply Management, The International Small Business Congress (ISBC),
Marketing Management Association (MMA), Small Business Administration
(SBA), Service Corps of Retired Executives, Small Business Institute
(SBI), Society for Marketing Advances (SMA), United States Association
for Small Business& Entrepreneurship (USASBE), U.S. Department
of Veterans Affairs and Western Decision Sciences Institute (WDSI).
If you are interested in membership or would like further information
on one of our affiliates, please see our web site at http://www.sbaer.uca.edu
SBANC
STAFF
Main Office Phone: (501) 450-5300
Dr. Don B. Bradley III, Executive Director of
SBANC & Professor of Marketing
Direct Phone: (501) 450-5345, E-mail: mailto:"donb@uca.edu"
Esther Mead, Co-Lead Development Director,
E-mail: mailto:"esthersbanc@yahoo.com"
Ashley Ford, Development Intern, E-mail: mailto:"amf03002@uca.edu"
To subscribe or unsubscribe to the SBANC
Newsletter, please E-mail SBANC at mailto:"sbanc@uca.edu"
