SBANC Newsletter
November 22, 2005
Issue 399-2005
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QUOTE
"In all realms of life it takes courage to stretch your limits, express
your power, and fulfill your potential.. it's no different in the financial realm."
--
Suze Orman
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FEATURE PAPER
The Impact on Growth from Public Seed-financing to
New Technology Projects in Small Enterprises
This paper was presented by Lars Bager-Sjögren and Hans Lööf at
the 2005 International Council for Small Business (ICSB) Conference.
Abstract
In Sweden, NUTEK
(the national board for technical and business development at that
time) being one of the main actors, supplied conditional loans
between 1994 and 2004 to new technical project mainly pursued in
small business. In this study we analyze the development of the
firms supported 1994 to 1997. We compare the population
of supported firms with a population of firms not funded by NUTEK
but with the same age, size and business sector affiliation.
This
study differs from other studies in having longitudinal annual
report data for both populations of supported and not supported
enterprises between 1990 and 2003. The main result from the analysis
of survivors is that the support to new technical project has
had no effect when considering all supported firms. Also in sub-populations
as only independent firms and independent firms within the manufacturing
sector, no positive additionality emerged.
For
new and independent firms, established between the years 1994-1997
there are increases
in sales, increases in employment,
increases
in productivity
and increases in solidity were all larger for the supported
firms than the comparison group of non-supported firms. There is
thus
evidence that public support for technical projects
may have societal positive effects but only for a limited population
of firms, the newly started and independent ones.
Read the Entire Paper...
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CONFERENCES
The American Academy
of Accounting and Finance
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Who:
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The American Academy of Accounting
and Finance |
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What:
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12th annual meeting
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Where: |
St. Pete Beach, Florida |
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When:
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December 8-10, 2005 |
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IPSI-2005 SLOVENIA
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| Who: |
Internet,
Processing, Systems, and Interdisciplinary (Research) |
| What: |
IPSI BgD conference
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| Where: |
Hotel Toplice Bled, Slovenia |
| When: |
December 8-11, 2005 |
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2nd International Conference
on Technology, Knowledge and Society
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| Who: |
--
-- |
| What: |
2nd International Conference on Technology,
Knowledge and Society
|
| Where: |
Hyderabad, India |
| When: |
December 12-15, 2005 |
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International Business
Information Management Association
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| Who: |
International Business Information
Management Association |
| What: |
5th IBIMA Conference
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| Where: |
Cairo, Egypt |
| When: |
December 13-15, 2005 |
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International Business
and Economy
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| Who: |
International Business and Economy |
| What: |
Fifth International Business and Economy Conference
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| Where: |
Sheraton Waikiki Beach Resort Hotel in Honolulu,
Hawaii, U.S.A. |
| When: |
January 5-8, 2006 |
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CALLS FOR PAPERS
The CIBER Research Institute
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| Who: |
The CIBER Research Institute (CIBER) |
| What: |
ABR Conference (business & economics) and TLC Conference (teaching
methods, styles, and administration
|
| Where: |
Disney Boardwalk Hotel in Disney World, Florida |
| When: |
January 2-6, 2006 |
Submission
Deadline:
December 1, 2005
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|
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Institute
for Entrepreneurship and Small Business Management
|
| Who: |
Institute for Entrepreneurship and
Small Business Management |
| What: |
8th
International Conference, "STIQE"
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| Where: |
Maribor , Slovenia |
| When: |
June 28-30, 2006 |
Submission
Deadline:
January 10, 2006
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International
Council for Small Business
|
| Who: |
International
Council for Small Business (ICSB) |
| What: |
51st
World Conference
|
| Where: |
Melbourne,
Australia |
| When: |
June
18-21, 2006 |
Submission
Deadline:
January 15, 2006
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6th
Annual Hawaii International Conference on Business
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| Who: |
--
-- |
| What: |
6th Annual Hawaii International Conference on
Business
|
| Where: |
Waikiki Beach Marriott Hotel in Honolulu, Hawaii |
| When: |
May 25 - 28, 2006 |
Submission
Deadline:
January 19, 2006
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Schlegel
Center for Entrepreneurship
|
| Who: |
Schlegel Center for Entrepreneurship
(FERC) |
| What: |
2006 Family Enterprise Research Conference (FERC)
|
| Where: |
Sheraton on the Falls in Niagara Falls, Ontario, Canada |
| When: |
April 28-30, 2006 |
Submission
Deadline:
January 31, 2006
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TIP OF THE WEEK
Attracting
Initial Resources
For an entrepreneur
to attract potential resource partners, not only must the concept
be viable, but there must also be some connection
between the founder and potential resource providers. The entrepreneur's
reputation, capabilities, commitment, and conduct, as well as all the
other components of human and social capital, are often determinants
of his or her ability to attract resource partners. Rebecca Reynolds
Moore attracted financial resources by leveraging her human resources
and social contacts, and with her intensive selling, developing trust
and cooperation with partners and her extended network. Vivien Jennings
attracted such organizational resources as visiting authors by leveraging
her human and social resources, then developing physical resources
to enhance the product development in the form of book-signing events.
The
analytical tool most useful in this process is the resource-development
pathway that allows the entrepreneur to begin with starting endowments
and connect the specification or identification steps to acquisition.
The entrepreneur must consider how one type of resource can be leveraged
to acquire another. This assessment allows for acquisition strategies
specific to the situation at hand to be developed. Each of these
strategies, however, is further facilitated by social skills of the
entrepreneur.
The ability to sell a business idea through personal capabilities
is referred to as a social skill, a competence enabling individuals
to
interact effectively with others. Distinct form social capital, social
skills are what the entrepreneur does rather than the outcome of
network relationships. Social skills are learnable, and when utilized
effectively
can increase possibilities for attracting resources to venture. Five
social skills important to the entrepreneur are:
- Social perception,
the accuracy with which the entrepreneur assesses the traits,
intentions, and motives of others.
- Impression management,
the way one induces positive reaction for
others.
- Expressiveness,
the ability to express emotions and feelings clearly and generate
enthusiasm in others.
- Persuasiveness,
the ability to change others' views or behaviors in face-to-face
encounters.
- Social adaptability,
the ability to adapt to, or feel comfortable in, a wide range of
social situations.
The skills work
in concert as a founder attempts to attract resources to a new venture.
| Kuratko,
Donald F., and Harold P. Welsch. Strategic Entrepreneurial
Growth. 2nd ed. Thomson/Southwestern, 2004. 151-152. |
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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 (ICSBC), 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
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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
Esther
Mead, Graduate Research
Ashley
Ford, Development Intern
Olivia
Johnson, Development Intern
Brandon
Tabor, Development Intern
|
To subscribe or
unsubscribe to the SBANC Newsletter, please E-mail SBANC at sbanc@uca.edu
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