Oswaldo Terán, Danko Ravlic-Torres, Gianni Romaní, Karla Soria-Barreto
This paper analyses, through simulations, two regional development models to contrast their potential to promote endogenous development in two Chilean regions (Antofagasta and Coquimbo). The models were developed with the SocLab social simulation platform, which is based on the theory of Organized Action Systems. The models' input was generated by interviews with stakeholders closely involved in the allocation of public funds for innovation and productive development. The results show that Antofagasta's decentralised model promotes endogenous development by permitting a high degree of influence and coordination among local actors, while presenting a better state of critical resources for this purpose. For the Coquimbo region, the centralised model presents greater dominance and autonomy of a single actor (central government) over other actors who should respond to the local interest. The models were compared by using a qualitative approach. The novelty of the paper relies on the application of a simulation platform based on the Organized Action System theory to model and simulate two systems of actors responsible for regional endogenous development. The proposed approach helps to better understand and compare different development models which contribute to policy making.
{"title":"Regional endogenous development in Chile: a simulation analysis of two models of allocation of public funds","authors":"Oswaldo Terán, Danko Ravlic-Torres, Gianni Romaní, Karla Soria-Barreto","doi":"10.18845/te.v18i2.7135","DOIUrl":"https://doi.org/10.18845/te.v18i2.7135","url":null,"abstract":"This paper analyses, through simulations, two regional development models to contrast their potential to promote endogenous development in two Chilean regions (Antofagasta and Coquimbo). The models were developed with the SocLab social simulation platform, which is based on the theory of Organized Action Systems. The models' input was generated by interviews with stakeholders closely involved in the allocation of public funds for innovation and productive development. The results show that Antofagasta's decentralised model promotes endogenous development by permitting a high degree of influence and coordination among local actors, while presenting a better state of critical resources for this purpose. For the Coquimbo region, the centralised model presents greater dominance and autonomy of a single actor (central government) over other actors who should respond to the local interest. The models were compared by using a qualitative approach. The novelty of the paper relies on the application of a simulation platform based on the Organized Action System theory to model and simulate two systems of actors responsible for regional endogenous development. The proposed approach helps to better understand and compare different development models which contribute to policy making.","PeriodicalId":42185,"journal":{"name":"Tec Empresarial","volume":null,"pages":null},"PeriodicalIF":0.3,"publicationDate":"2024-05-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141016856","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Orlando E. Contreras-Pacheco, Juan Camilo Álvarez-Arciniegas, María Fernanda Garnica-Rugeles
This study examines how businesses respond to reputational damage caused by reputation crises. Drawing on the qualitative analysis of a Colombian natural medicine company facing a disruptive event that threatened its flagship product and business, the case study explores the company’s response to media suspicions of tampering with a phytotherapeutic product. The findings reveal significant inconsistencies in the firm’s organizational responses and their repercussions on stakeholders and the industry. This study sheds light on the strategic use of responses detached from reality in crisis scenarios to protect reputation. In addition, the study highlights that the analyzed company deviated from established crisis management strategies outlined in theory. The company did not implement the ‘steal the thunder’ approach, as it failed to proactively disclose the crisis. Moreover, the company prioritized instrumental responses over normative or ethical considerations. The analysis of the identified deviations from established crisis management principles further emphasizes the importance of the work’s findings and their theoretical and practical implications for developing more effective crisis communication strategies grounded in truth-seeking.
{"title":"Crisis communication strategies: A qualitative study about a natural medicine controversy in Colombia","authors":"Orlando E. Contreras-Pacheco, Juan Camilo Álvarez-Arciniegas, María Fernanda Garnica-Rugeles","doi":"10.18845/te.v18i2.7136","DOIUrl":"https://doi.org/10.18845/te.v18i2.7136","url":null,"abstract":"This study examines how businesses respond to reputational damage caused by reputation crises. Drawing on the qualitative analysis of a Colombian natural medicine company facing a disruptive event that threatened its flagship product and business, the case study explores the company’s response to media suspicions of tampering with a phytotherapeutic product. The findings reveal significant inconsistencies in the firm’s organizational responses and their repercussions on stakeholders and the industry. This study sheds light on the strategic use of responses detached from reality in crisis scenarios to protect reputation. In addition, the study highlights that the analyzed company deviated from established crisis management strategies outlined in theory. The company did not implement the ‘steal the thunder’ approach, as it failed to proactively disclose the crisis. Moreover, the company prioritized instrumental responses over normative or ethical considerations. The analysis of the identified deviations from established crisis management principles further emphasizes the importance of the work’s findings and their theoretical and practical implications for developing more effective crisis communication strategies grounded in truth-seeking.","PeriodicalId":42185,"journal":{"name":"Tec Empresarial","volume":null,"pages":null},"PeriodicalIF":0.3,"publicationDate":"2024-05-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141017283","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
María Mónica Gloria Clara Castillo-Esparza, Gonzalo Maldonado-Guzmán, Juan Mejía-Trejo
Organizations are increasingly integrating environmental concerns in their strategic plans. This research analyzes how green business strategy (GBS) and corporate social responsibility (CSR) impact financial performance (FP). In addition, we analyze the mediating role of CSR in the relationship between GBS and FP. The empirical application uses structural equation modeling on a sample of 300 manufacturing firms from Mexico. The results show positive and significant relationships between GBS, CSR and FP, while the significantly positive mediating role of CSR was also verified. Thus, the environmental objectives set by the GBS contribute to the FP of Mexican manufacturing firms. CSR also collaborates to this end but only partially by mediating the relationship between GBS and FP. The findings support the importance of incorporating environmental concerns in businesses' strategic planning in order to ensure not only economic but also social benefits through GBS and CSR activities.
{"title":"Green Business Strategy and its effect on Financial Performance: The mediating role of Corporate Social Responsibility","authors":"María Mónica Gloria Clara Castillo-Esparza, Gonzalo Maldonado-Guzmán, Juan Mejía-Trejo","doi":"10.18845/te.v18i2.7134","DOIUrl":"https://doi.org/10.18845/te.v18i2.7134","url":null,"abstract":"Organizations are increasingly integrating environmental concerns in their strategic plans. This research analyzes how green business strategy (GBS) and corporate social responsibility (CSR) impact financial performance (FP). In addition, we analyze the mediating role of CSR in the relationship between GBS and FP. The empirical application uses structural equation modeling on a sample of 300 manufacturing firms from Mexico. The results show positive and significant relationships between GBS, CSR and FP, while the significantly positive mediating role of CSR was also verified. Thus, the environmental objectives set by the GBS contribute to the FP of Mexican manufacturing firms. CSR also collaborates to this end but only partially by mediating the relationship between GBS and FP. The findings support the importance of incorporating environmental concerns in businesses' strategic planning in order to ensure not only economic but also social benefits through GBS and CSR activities.","PeriodicalId":42185,"journal":{"name":"Tec Empresarial","volume":null,"pages":null},"PeriodicalIF":0.3,"publicationDate":"2024-05-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141014693","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Washington Macías, Gabriela Barquet-Arenas, Jazmín Yambay-Aucancela
This work analyses the influence of consumer-based brand equity on the purchase decision of fast-moving consumer goods in Ecuador. By estimating a partial least squares structural equation model and a logit model on a sample of 120 Ecuadorian university students, it was found that brand awareness with a strength of association is positively related to perceived quality, perceived quality influences attitudinal loyalty, and loyalty influences overall brand equity. In addition, after controlling for reference prices, overall brand equity has a direct positive effect on consumers' purchase decisions. For brand managers, the main implication of these findings is that investments to improve the dimensions of brand equity, with an emphasis on loyalty, is a relevant mechanism to increase sales and generate greater brand value.
{"title":"Brand equity and purchase decision of fast-moving consumer goods","authors":"Washington Macías, Gabriela Barquet-Arenas, Jazmín Yambay-Aucancela","doi":"10.18845/te.v18i2.7142","DOIUrl":"https://doi.org/10.18845/te.v18i2.7142","url":null,"abstract":"This work analyses the influence of consumer-based brand equity on the purchase decision of fast-moving consumer goods in Ecuador. By estimating a partial least squares structural equation model and a logit model on a sample of 120 Ecuadorian university students, it was found that brand awareness with a strength of association is positively related to perceived quality, perceived quality influences attitudinal loyalty, and loyalty influences overall brand equity. In addition, after controlling for reference prices, overall brand equity has a direct positive effect on consumers' purchase decisions. For brand managers, the main implication of these findings is that investments to improve the dimensions of brand equity, with an emphasis on loyalty, is a relevant mechanism to increase sales and generate greater brand value.","PeriodicalId":42185,"journal":{"name":"Tec Empresarial","volume":null,"pages":null},"PeriodicalIF":0.3,"publicationDate":"2024-05-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141016785","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Lean Startup provides an iterative, hypothesis-driven approach to business creation and product development, promoting data-driven decision-making by involving potential users and customers during the development cycle. Despite increased academic attention, the debate on the benefits of Lean Startup is open. To contribute to the understanding of how organisations incorporate Lean Startup principles, this study conducts a systematic literature review and identifies the industries in which its application has been analysed, the adaptation models followed by organisations, and the key drivers for its adoption in new and established organisations. The study's findings contribute to advancing knowledge on the adoption of Lean Startup principles, tools, and techniques in organisations. The results also help to the academic debate surrounding the usefulness and application of Lean Startup principles across different organisational contexts.
{"title":"Industries, frameworks, and key drivers of lean startup: a systematic literature review","authors":"Alejandro Gamón-Sanz, Joaquín Alegre, Ricardo Chiva","doi":"10.18845/te.v18i2.7137","DOIUrl":"https://doi.org/10.18845/te.v18i2.7137","url":null,"abstract":"Lean Startup provides an iterative, hypothesis-driven approach to business creation and product development, promoting data-driven decision-making by involving potential users and customers during the development cycle. Despite increased academic attention, the debate on the benefits of Lean Startup is open. To contribute to the understanding of how organisations incorporate Lean Startup principles, this study conducts a systematic literature review and identifies the industries in which its application has been analysed, the adaptation models followed by organisations, and the key drivers for its adoption in new and established organisations. The study's findings contribute to advancing knowledge on the adoption of Lean Startup principles, tools, and techniques in organisations. The results also help to the academic debate surrounding the usefulness and application of Lean Startup principles across different organisational contexts. ","PeriodicalId":42185,"journal":{"name":"Tec Empresarial","volume":null,"pages":null},"PeriodicalIF":0.3,"publicationDate":"2024-05-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141015222","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This study explores the relationship between administrative advice and international market entry modes. The board of directors has the authority to determine internationalization strategies for both large multinational corporations and small and medium-sized organizations. Existing theoretical frameworks dealing with internationalization provide a strong foundation for understanding the dynamics of entry modes and corporate governance. The study presents a framework consisting of four thematic elements: characteristics, capabilities, behavior, and composition of the advice. This framework is utilized to analyze the complexities of the decision-making processes of boards. Despite acknowledging its limitations, this study provides practical insights for business managers and contributes to the ongoing theoretical debate on this topic, highlighting the need for more comprehensive frameworks that consider psychological and cultural factors in the decision-making process of boards in the context of international business.
{"title":"Board leadership in global ventures: A bibliometric analysis","authors":"R. Herrera-Barriga, Diana Escandón-Barbosa","doi":"10.18845/te.v18i2.7138","DOIUrl":"https://doi.org/10.18845/te.v18i2.7138","url":null,"abstract":"This study explores the relationship between administrative advice and international market entry modes. The board of directors has the authority to determine internationalization strategies for both large multinational corporations and small and medium-sized organizations. Existing theoretical frameworks dealing with internationalization provide a strong foundation for understanding the dynamics of entry modes and corporate governance. The study presents a framework consisting of four thematic elements: characteristics, capabilities, behavior, and composition of the advice. This framework is utilized to analyze the complexities of the decision-making processes of boards. Despite acknowledging its limitations, this study provides practical insights for business managers and contributes to the ongoing theoretical debate on this topic, highlighting the need for more comprehensive frameworks that consider psychological and cultural factors in the decision-making process of boards in the context of international business.","PeriodicalId":42185,"journal":{"name":"Tec Empresarial","volume":null,"pages":null},"PeriodicalIF":0.3,"publicationDate":"2024-05-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141016068","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This study employs the ‘benefit of the doubt’ (BOD) weighting model to build a composite indicator to evaluate urban development in 60 cities located around the world for 2021. The results of the empirical application based on the data provided by The Economist (i.e., safe city index) reveal the informative power of the proposed composite indicator, relative to models using equal weight restrictions. Findings indicate that there are significant efficiency differences among the analyzed cities, and that cities follow different strategic pathways when it comes to design urban policies. This suggests that there is much scope for strategic and effective support policy in many cities. The results of the study highlight that an analysis based on the BOD approach may offer useful information to policy makers on what strategic actions may potentially optimize the allocation of local resources and, subsequently, enhance urban development.
{"title":"Assessment of urban development: A composite indicator analysis of the safe city index through the ‘benefit of the doubt’ model","authors":"Nadine Burgoa, Andre Rosado","doi":"10.18845/te.v17i3.6849","DOIUrl":"https://doi.org/10.18845/te.v17i3.6849","url":null,"abstract":"This study employs the ‘benefit of the doubt’ (BOD) weighting model to build a composite indicator to evaluate urban development in 60 cities located around the world for 2021. The results of the empirical application based on the data provided by The Economist (i.e., safe city index) reveal the informative power of the proposed composite indicator, relative to models using equal weight restrictions. Findings indicate that there are significant efficiency differences among the analyzed cities, and that cities follow different strategic pathways when it comes to design urban policies. This suggests that there is much scope for strategic and effective support policy in many cities. The results of the study highlight that an analysis based on the BOD approach may offer useful information to policy makers on what strategic actions may potentially optimize the allocation of local resources and, subsequently, enhance urban development.","PeriodicalId":42185,"journal":{"name":"Tec Empresarial","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-09-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135452688","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Felipe De Anda, Juan Carlos Baker, Edgar Demetrio Tovar-García
The main goal of this research is to test the association between trust in institutions—e.g., police, law courts, property rights, government regulations, and public and private organizations—and entrepreneurial internationalization. The longitudinal analysis uses data obtained from the Global Entrepreneurship Monitor (GEM), the Heritage Foundation Index of Economic Freedom (IEF), World Bank Worldwide Governance Indicators (WGI), and World Development Indicators (WDI) for a sample of 88 countries during 2013-2018. Using factor analysis and panel data techniques that control for potential endogeneity, institutional trust is found to be significantly correlated with internationalization; however, this result is only valid for small and medium-sized enterprises (SMEs) in developing countries. Therefore, entrepreneurs from developing economies have to overcome the lack of institutional trust to successfully carry out their internationalization process.
{"title":"Institutional trust and entrepreneurs' export behavior: An international analysis","authors":"Felipe De Anda, Juan Carlos Baker, Edgar Demetrio Tovar-García","doi":"10.18845/te.v17i3.6848","DOIUrl":"https://doi.org/10.18845/te.v17i3.6848","url":null,"abstract":"The main goal of this research is to test the association between trust in institutions—e.g., police, law courts, property rights, government regulations, and public and private organizations—and entrepreneurial internationalization. The longitudinal analysis uses data obtained from the Global Entrepreneurship Monitor (GEM), the Heritage Foundation Index of Economic Freedom (IEF), World Bank Worldwide Governance Indicators (WGI), and World Development Indicators (WDI) for a sample of 88 countries during 2013-2018. Using factor analysis and panel data techniques that control for potential endogeneity, institutional trust is found to be significantly correlated with internationalization; however, this result is only valid for small and medium-sized enterprises (SMEs) in developing countries. Therefore, entrepreneurs from developing economies have to overcome the lack of institutional trust to successfully carry out their internationalization process.","PeriodicalId":42185,"journal":{"name":"Tec Empresarial","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-09-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135452689","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The study analyzes the relationship between work accident rates and economic activity (GDP per worker) in Peru. The empirical strategy is based on fixed-effects regressions and vector autoregression models (VAR) for panel-data settings on a sample of 15 Peruvian industries during the period 2016-2021. The main results confirm the unidirectional causal relationship in the short-term from GDP per worker to the rate of work accidents. Additionally, the findings suggest that this relationship is heterogeneous across industries: the reported causal relationship is confirmed for agriculture, fishing, utilities, construction, manufacturing, and transport and warehousing. In line with the increased awareness on how economic activity impacts work accidents, policy implications and future research avenues are discussed.
{"title":"The relationship between work accident rates and economic activity: Evidence from Peru (2016-2021)","authors":"Johanna Cabrera-Flores","doi":"10.18845/te.v17i3.6847","DOIUrl":"https://doi.org/10.18845/te.v17i3.6847","url":null,"abstract":"The study analyzes the relationship between work accident rates and economic activity (GDP per worker) in Peru. The empirical strategy is based on fixed-effects regressions and vector autoregression models (VAR) for panel-data settings on a sample of 15 Peruvian industries during the period 2016-2021. The main results confirm the unidirectional causal relationship in the short-term from GDP per worker to the rate of work accidents. Additionally, the findings suggest that this relationship is heterogeneous across industries: the reported causal relationship is confirmed for agriculture, fishing, utilities, construction, manufacturing, and transport and warehousing. In line with the increased awareness on how economic activity impacts work accidents, policy implications and future research avenues are discussed.","PeriodicalId":42185,"journal":{"name":"Tec Empresarial","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-09-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135452686","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Javier Rojas-Segura, Margie Faith-Vargas, Jose Martinez-Villavicencio
Economic and social disruption generated by COVID-19 increased research on digital transformation processes; however, consensus about the formal conceptual definition of digital transformation is yet to be reached. A concise and clear concept built using existing definitions in literature is needed for empirical research in the business and management fields. Using semantic decomposition method to systematically decompose the extant definitions collected from the business literature, this study proposes the following formal conceptual definition of digital transformation: “a process that aims to improve society by triggering significant changes to the enterprise business model using digital technologies”. Consistent measurable properties caused by a formal conceptual definition support academic research and enable practitioners to exploit new knowledge essential when adapting the firm’s business model to the new digital reality.
{"title":"Conceptualizing digital transformation using semantic decomposition","authors":"Javier Rojas-Segura, Margie Faith-Vargas, Jose Martinez-Villavicencio","doi":"10.18845/te.v17i3.6850","DOIUrl":"https://doi.org/10.18845/te.v17i3.6850","url":null,"abstract":"Economic and social disruption generated by COVID-19 increased research on digital transformation processes; however, consensus about the formal conceptual definition of digital transformation is yet to be reached. A concise and clear concept built using existing definitions in literature is needed for empirical research in the business and management fields. Using semantic decomposition method to systematically decompose the extant definitions collected from the business literature, this study proposes the following formal conceptual definition of digital transformation: “a process that aims to improve society by triggering significant changes to the enterprise business model using digital technologies”. Consistent measurable properties caused by a formal conceptual definition support academic research and enable practitioners to exploit new knowledge essential when adapting the firm’s business model to the new digital reality.","PeriodicalId":42185,"journal":{"name":"Tec Empresarial","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-09-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135452690","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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