Journal of Entrepreneurship, Business and Economics

1–15

Authors: Sunil Kumar

The corporate restructuring is used as mechanism to create value of the shareholders. It gives opportunity to make investment in other company with high potential but lower rate of return. By taking over such companies, the acquiring company redeems profit and creates value for their shareholders without diluting their right and altering main business operations. However, the value of acquired company shareholders is equally imperative as of acquiring company (Teece and Shuen, 1997), and (Coase, 1937). In present paper the performance of acquired company has been measured by taking three dimensions into account viz., actual return, estimated return and abnormal return. The beta coefficients of BSE-S&P 500 have been taken as proxy for return on estimation basis. To execute the hypotheses paired sample t-test, regression for estimation and cumulative abnormal return methods are applied. The study finds that the share price of acquired company remained low in pre-acquisition period and became a cause of acquisition, similar to Porter (1985), Thomas (1996), and Dewey (1961). Post-acquisition performance could not meet the standard of expected returns and stays lower in majority cases akin to Hogarty (1970), and Franks, Harris, and Titman, (1991). However, only in some instances abnormal return has been found positive after acquisition especially in long-run period. Research paper

41–64

Authors: Sri Sarjana

The aim of this study is to identify and analyze of influence manufacturing capability and knowledge resources on dynamic capability also implication toward enterprise performance. Environmental turbulences are existed as intervening variable enterprise performance. This finding integrates insights in dynamic capability framework into a generalization of the enterprise performance in manufacturing. This research applied a random sampling method to collect responses and increase the generalizability obtained number of respondents. Hence, this study applies questionnaire methods as the main research tools in order to conduct an in-depth investigation. The research used mix method in triangulation transformation model. Furthermore, this research is expected to provide enterprises with valuable suggestions for management practices to increase enterprise performance in manufactures. Research paper

86–109

Authors: Mohsen Rezaei Mirghaed

There is a robust body of knowledge around the theory of Entrepreneurship, but the lack of a comprehensive and widely accepted view to describe this phenomenon is obvious. There is two main streams in entrepreneurship literature, first the Schumpeterian view which emphasizes on ideas, innovation and creativity and second view, known as Kirznerian point that views opportunities of market as the core of entrepreneurship .This conflict can be easily understood from Kirzner’s words that says” Schumpeter’s entrepreneur, I pointed out, was essentially disruptive, destroying the pre-existing state of equilibrium. Entrepreneur, on the other hand, was responsible for the tendency through which initial conditions of disequilibrium come systematically to be displaced by equilibrative market competition”, which are paradoxical to some extent. In this paper, author believes that there can be issued a new conceptual framework about the entrepreneurship. This framework views entrepreneurship in an economic, product-transaction-based process. The value of entrepreneurial activities is arisen from mutual interests of human beings, which is the neglected part of Schumpeter and Kirzner’s views to the phenomenon Entrepreneurship. Conceptual paper

1–30

Authors: Leow Chee Seng, Leong Wing Sum, Mohd Shukor Mahfar

Emerging markets and the global dynamics growth attract the exploration of business opportunity to the bottom of the pyramid. The economic development derived to the reshaping of the business activities and this is becomes very obvious especially in Asia and South American. The Bottom of the Pyramid customer has been neglected and overlooked by the industries. This paper aims to understand in-depth the principle and practical realities on ways to market to the bottom of the pyramid. Theoretical essay was conducted using the literature in relation to 4A marketing mix and mainly The Triumvirate Human Values Ecosystem Framework. The discussion indicates the characteristics, the misperception and opportunity of Bottom of the Pyramid market is focused. Theoretical framework for Bottom of the Pyramid marketing are developed which includes the principle, the scope and the challenges. Application of The Triumvirate Human Values Ecosystem Framework is presented through case study. Research paper

50–80

Authors: PURABEE PURNASHA MISHRA, ARUNA KUMAR MISHRA

As the current political scenario is different and new rules are coming for FDI in India, in either case the retailers have to realign their USP and make strategies to meet the current customer requirements. In the list first comes the store experience now that we are talking of cleaning India as a movement we need to ensure the same in a retail store which will immediately enhance the store experience. As in case here we will see the minimum things we would need to sell better and make the merchandise visible rather than other distractions. This paper is about exploring why and how to design the planogram for visual merchandising of the supermarket for regional indigenous retailers, by taking reference of the other retailers and also common merchandising techniques widely acceptable. The study was done by observation and feed back of the retail professionals. This is case of a retail store found in the main road where small changes can make customer experience better which can be used in other retail outlets also small, big, new, old anyone in such case. Research paper

105–139

Authors: Yashar Salamzadeh, Mehran Nejati, Yahya Heidaripourafshar

Challenges facing the customs organization continuously change its management system in different countries and customs managers face a large number of challenges. Globalization tendencies, increased technological developments, customer-orientation, decreased product life cycle, change in product nature, regionalism and competition diversity demand a new form of leadership. The managers, therefore, need to be prepared for administrating changes in dynamic environments. On the other hand, the organizations should also take the necessary actions in order to change and improve the current procedures; otherwise, they will jeopardize their existence and perpetuity because today the existence of organizations is threatened more than ever before. Considering the difficulties and bottlenecks of strategic planning, strategic thinking is used today as an important instrument assisting managers to solve problems and promote competitiveness and dynamics. The aim of this study is to investigate the impact of establishing e-customs on stretching strategic thinking. It is a survey study in terms of method where the statistical population is composed of all technical experts of IRICA in 2015, i.e. a total number of 650 cases 234 of which were selected through simple-random sampling using Krejcie and Morgan method. Data was collected using a researcher-made questionnaire. Its validity was confirmed through formal validation and its reliability was calculated using Cronbach’s alpha (0.726). All data was analyzed in SPSS 19. According to data analysis results, e-customs affects strategic thinking dimensions with a different influence on every dimension. The results showed that the impact of establishing e-customs on systems thinking, creativity, conceptual thinking, intelligent opportunism, and foresight was 15%, 17%, 17%, 13%, and 22%, respectively. Hence, it is proposed that managers pay special attention to foresight and then to creativity and conceptual thinking in organizations.