Entrepreneurship : motivation, performance and risk / Richard Fairchild, editor.

Format:

Book

Contributor:

Fairchild, Richard.

Series:

Business issues, competition and entrepreneurship series.

Business issues, competition and entrepreneurship

Language:

English

Subjects (All):

Entrepreneurship.

Physical Description:

1 online resource (215 p.)

Place of Publication:

New York : Nova Science Publishers, c2011.

Language Note:

English

Summary:

In this book, the authors draw together some leading international research (both theoretical and empirical) that analyzes economic and behavioural issues surrounding entrepreneurial incentives, performance and risk. The book begins with a conceptual theoretical analysis of firm development, taking into account its interaction with the four principal factor markets. Furthermore, conflicts at the managerial level are considered. The remaining chapters analyze empirically some of the behavioural/psychological/demographic factors affecting entrepreneurship. In summary, this book draws on internat

Contents:

ENTREPRENEURSHIP: MOTIVATION, PERFORMANCE AND RISK; ENTREPRENEURSHIP: MOTIVATION, PERFORMANCE AND RISK; Library of Congress Cataloging-in-Publication Data; Contents; Preface; Chapter 1: The Genesis of Firms - Internal Markets, External Markets and Hierarchies; Abstract; Introduction; Vectors of the Firm; Vector Unfolding; Sustainability; A Theory of the Genesis of Firms; The Emergence of Internal Markets; The Matrix Organisation; Pricing and Accounting Control within the Matrix; (i) Allocated Pricing; (ii) Local Pricing; (iii) External Pricing; Matrix Management in Practice; Conclusion

ReferencesChapter 2: Perception and Reality(: Organisational risk taking, choice of strategy and success under ordinary conditions and in times of crisis; Abstract; Introduction; The Role of Organisational Culture (Hofstede, 1980); The Role of Top Management (Stevenson, Roberts and Grousbeck, 1994); The Role of Middle Managers; (Hornsby, Kuratko, Zahra, 2002); The Role of the Group (Janis and Mann, 1972); The Role of the Reward System (Ouchi, 1977); Profit or Loss: The Role of Previous Performance; The Role of Resources; The Role of Competence; The Role of the Environment

Empirical Approaches Studying the Interaction of These FactorsOur Study among Hungarian Economic Organisations; Method; Sample; Results; Special features of Organisational Risk Taking and Competition under Ordinary Circumstances; a. Success, Risk Taking and Competence; b. Competition; c. Environment and Competition Strategies; Changes in Risk Taking and Competition of Organisations in Times of Crisis; a. Success, Risk Taking and Changes in Competence; b. Changes in Competition; c. Environment and the Changes in Competition Strategies; Reality and Representation: Success and Risk Taking

a. Perceived and Real Success: Distortion of Judgments about Successb. Perceived and Real Risk Taking: Distortion of Judgments about Risk Taking; c. How Precise Is the Judgement on the Change of the Risk Taking Strategy in Times of Crisis?; Development Trends and Risk Taking; Summary and Conclusions; References; Chapter 3: Performance and Optimality for High Technology Firms: An Empirical Analysis of Growth and Innovation; Abstract; 1. Introduction; 2. Research Methodology; 3. Statistical and Econometric Evidence: Gibrat's Law and the Schumpeterian Hypothesis; 3.1. Gibrat's Law

3.2. The Schumpeterian HypothesisConclusion; Acknowledgments; References; Chapter 4: Fairness Norms and Self-Interest in Venture Capital/Entrepreneur Contracting and Performance; Abstract; 1. Introduction; 1.1. Existing Literature on Venture Capitalist/Entrepreneur Contracting; 2. The Model; 2.1. The General Setting; 2.2. The Time Line; 2.3. Social Fairness Norms versus Self-Interest; 2.4. The Players' Decisions; 2.4.1. The Entrepreneur Matches with a Self-Interested VC; 2.4.2. The Entrepreneur Matches with a Fair VC; 2.4.3. The VC Is Self-Interested; Revisited

2.4.4. Graphical Analysis of Self-Interested VC's Equity Offer

Notes:

Description based upon print version of record.

Description based on print version record.

Includes bibliographical references and index.

ISBN:

1-61470-281-0