Pub Date : 2015-09-10DOI: 10.4172/2169-026X.1000148
M. Maboudi, M. Mobaraki, J. Khavandkar, H. Esfandabadi
The present research aims to investigate the effect of intellectual capital on innovation in Zanjan Science and Technology Park (STP) during 2013. This study was conducted based on the quality-correlation method. The research questionnaire was distributed between employees who worked for any of the firms inside the STP. In general, 220 employees work in Zanjan Science and Technology Park, 139 of whom were selected using the Cochran’s formula to reply to the questionnaire. Structural equation modeling was used to analyze the data. The results of the correlation test revealed a significant positive relationship between intellectual capital and innovation. The elements of structural capital and human capital did not indicate any significant relationship with innovation. However, it was found that the elements of intellectual capital (i.e. human capital, structural capital, and relational capital) can be used as predictors of innovation in our case study.
{"title":"The Effect of Intellectual Capital on Innovation: A Case Study of anInstitute for Advanced Studies in Basic Sciences Located in the Scienceand Technology Park of Zanjan","authors":"M. Maboudi, M. Mobaraki, J. Khavandkar, H. Esfandabadi","doi":"10.4172/2169-026X.1000148","DOIUrl":"https://doi.org/10.4172/2169-026X.1000148","url":null,"abstract":"The present research aims to investigate the effect of intellectual capital on innovation in Zanjan Science and Technology Park (STP) during 2013. This study was conducted based on the quality-correlation method. The research questionnaire was distributed between employees who worked for any of the firms inside the STP. In general, 220 employees work in Zanjan Science and Technology Park, 139 of whom were selected using the Cochran’s formula to reply to the questionnaire. Structural equation modeling was used to analyze the data. The results of the correlation test revealed a significant positive relationship between intellectual capital and innovation. The elements of structural capital and human capital did not indicate any significant relationship with innovation. However, it was found that the elements of intellectual capital (i.e. human capital, structural capital, and relational capital) can be used as predictors of innovation in our case study.","PeriodicalId":433140,"journal":{"name":"Journal of Entrepreneurship & Organization Management","volume":"123 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-09-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"117323866","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}
Pub Date : 2015-08-30DOI: 10.4172/2169-026X.1000146
Sibylle Georgianna
What processes do entrepreneurs use for leading themselves during the challenging times of building and growing a business? This article presents an assessment tool called DSLK that measures entrepreneurs’ use of self- and superleadership. The questionnaire measures the four foci of self–leadership (1) constructive thoughts; (2) natural rewards; (3) effective behaviors; and (4) Vitality and the super-leadership foci (1) coaching and communicative support and (2) facilitation of personal autonomy and responsibility. Reliability coefficients for the long and a short version of the DSLK are described. Implications for entrepreneurial assessment and training of self-leadership and super-leadership are discussed.
{"title":"Assessing and Developing Entrepreneurself Leadership and Super-Leadership","authors":"Sibylle Georgianna","doi":"10.4172/2169-026X.1000146","DOIUrl":"https://doi.org/10.4172/2169-026X.1000146","url":null,"abstract":"What processes do entrepreneurs use for leading themselves during the challenging times of building and growing a business? This article presents an assessment tool called DSLK that measures entrepreneurs’ use of self- and superleadership. The questionnaire measures the four foci of self–leadership (1) constructive thoughts; (2) natural rewards; (3) effective behaviors; and (4) Vitality and the super-leadership foci (1) coaching and communicative support and (2) facilitation of personal autonomy and responsibility. Reliability coefficients for the long and a short version of the DSLK are described. Implications for entrepreneurial assessment and training of self-leadership and super-leadership are discussed.","PeriodicalId":433140,"journal":{"name":"Journal of Entrepreneurship & Organization Management","volume":"108 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-08-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123465296","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}
Pub Date : 2015-08-30DOI: 10.4172/2169-026X.1000147
Anifowose Oladotun
The objective of this paper is to investigate entrepreneurship skill development through the apprenticeship scheme in some selected small scale business in the Southern region of Nigeria. The paper describes entrepreneurship skills development and also analysis the apprenticeship scheme in Southern region of Nigeria. In order to achieve the objectives, a well-structured sampling technique was employed. A total of number of 112 questionnaires were administrated to the selected small scale business owners in the southern region states which were all properly completed and analyzed using simple percentage. The results obtained revealed that there is low level of education among the majority of the selected small scale businesses in the Southern region of Nigeria. And majority acquired their skills through the apprenticeship. The sources of apprenticeship recruitment are mainly friends and associates. The paper therefore recommends that attention there is need for regular seminars, conferences and workshops for the owners of the small scale business among the Igbo community in order for the region to experience rapid and sustainable economic transformation desired.
{"title":"An Analytical Analysis of Entrepreneurial Skills in Some Selected SmallScale Businesses in the Southern Region of Nigeria","authors":"Anifowose Oladotun","doi":"10.4172/2169-026X.1000147","DOIUrl":"https://doi.org/10.4172/2169-026X.1000147","url":null,"abstract":"The objective of this paper is to investigate entrepreneurship skill development through the apprenticeship scheme in some selected small scale business in the Southern region of Nigeria. The paper describes entrepreneurship skills development and also analysis the apprenticeship scheme in Southern region of Nigeria. In order to achieve the objectives, a well-structured sampling technique was employed. A total of number of 112 questionnaires were administrated to the selected small scale business owners in the southern region states which were all properly completed and analyzed using simple percentage. The results obtained revealed that there is low level of education among the majority of the selected small scale businesses in the Southern region of Nigeria. And majority acquired their skills through the apprenticeship. The sources of apprenticeship recruitment are mainly friends and associates. The paper therefore recommends that attention there is need for regular seminars, conferences and workshops for the owners of the small scale business among the Igbo community in order for the region to experience rapid and sustainable economic transformation desired.","PeriodicalId":433140,"journal":{"name":"Journal of Entrepreneurship & Organization Management","volume":"509 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-08-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115892727","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}
Pub Date : 2015-08-07DOI: 10.4172/2169-026X.1000143
Jayesh Kumar
This paper examines the relationship between corporate firm’s ownership and capital structure in context of an emerging market economy, India. We use firm-level time series data of listed companies from 1994 through 2000 and analyze the firm’s corporate financing behavior in connection with its corporate governance arrangements, specially its shareholding pattern. Our results show that the debt structure is non-linearly linked to the corporate governance (ownership structure). We find that firms with weaker corporate governance mechanisms, dispersed shareholding pattern, in particular measured by the entrenchment effects of group affiliation, tend to have a higher debt level. Firms with higher foreign ownership or with low institutional ownership tend to have lower debt level. We do not find any significant relationship between ownership of directors and corporate with the capital structure.
{"title":"Capital Structure and Corporate Governance","authors":"Jayesh Kumar","doi":"10.4172/2169-026X.1000143","DOIUrl":"https://doi.org/10.4172/2169-026X.1000143","url":null,"abstract":"This paper examines the relationship between corporate firm’s ownership and capital structure in context of an emerging market economy, India. We use firm-level time series data of listed companies from 1994 through 2000 and analyze the firm’s corporate financing behavior in connection with its corporate governance arrangements, specially its shareholding pattern. Our results show that the debt structure is non-linearly linked to the corporate governance (ownership structure). We find that firms with weaker corporate governance mechanisms, dispersed shareholding pattern, in particular measured by the entrenchment effects of group affiliation, tend to have a higher debt level. Firms with higher foreign ownership or with low institutional ownership tend to have lower debt level. We do not find any significant relationship between ownership of directors and corporate with the capital structure.","PeriodicalId":433140,"journal":{"name":"Journal of Entrepreneurship & Organization Management","volume":"154 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-08-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114642851","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}
Pub Date : 2015-08-07DOI: 10.4172/2169-026X.1000144
Lai Xiao-dong
Technology innovation plays a key role in strengthening the competitiveness of the enterprises. It is a good method for the company to win the market within background of global economy and fierce competition. Based on the literature review of the enterprise innovation and technology development status, choosing the construction enterprise listed in top 500 companies of 2015 as an example, this paper firstly analyzed the enterprises’ basic ranking status and overall competitiveness. From the perspective of technology innovation management, then explored the differences among the construction enterprises from five aspects of technology innovation: (1) R and D human resources, (2) capital investment, (3) organization management, (4) incentives mechanism, and (5) innovation cooperative mechanism. The comparison between Chinese construction companies and international construction companies are presented as well with the root cause analysis of the difference on innovation management. Research found that Chinese construction enterprises are dominated the global leading position, but the technology innovation management mode and internationality is not strong. Finally, the paper put forward corresponding countermeasures and suggestions on how to improve the innovation performance for Chinese construction enterprises. It pointed out that the Chinese construction enterprises should strengthen technological innovation management, establish a professional technological innovation system and incentives mechanism to maintain international competitiveness and achieve sustainable development goals.
{"title":"Technology Innovation and Global Competition-evidence from Global 500 Strong Construction Enterprise","authors":"Lai Xiao-dong","doi":"10.4172/2169-026X.1000144","DOIUrl":"https://doi.org/10.4172/2169-026X.1000144","url":null,"abstract":"Technology innovation plays a key role in strengthening the competitiveness of the enterprises. It is a good method for the company to win the market within background of global economy and fierce competition. Based on the literature review of the enterprise innovation and technology development status, choosing the construction enterprise listed in top 500 companies of 2015 as an example, this paper firstly analyzed the enterprises’ basic ranking status and overall competitiveness. From the perspective of technology innovation management, then explored the differences among the construction enterprises from five aspects of technology innovation: (1) R and D human resources, (2) capital investment, (3) organization management, (4) incentives mechanism, and (5) innovation cooperative mechanism. The comparison between Chinese construction companies and international construction companies are presented as well with the root cause analysis of the difference on innovation management. Research found that Chinese construction enterprises are dominated the global leading position, but the technology innovation management mode and internationality is not strong. Finally, the paper put forward corresponding countermeasures and suggestions on how to improve the innovation performance for Chinese construction enterprises. It pointed out that the Chinese construction enterprises should strengthen technological innovation management, establish a professional technological innovation system and incentives mechanism to maintain international competitiveness and achieve sustainable development goals.","PeriodicalId":433140,"journal":{"name":"Journal of Entrepreneurship & Organization Management","volume":"30 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-08-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127998094","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}
Pub Date : 2015-07-29DOI: 10.4172/2169-026X.1000142
T. Mgeni
This study attempts to explore the extent to which entrepreneurial leadership style is used by CEOs in Tanzanian SMEs. The study also attempts to determine the relationship between entrepreneurial leadership style of CEOs and business performance of small and Medium Enterprises (SMEs) CEOs in Tanzania. The research is based on primary data collected by mailed questionnaires and analyzed quantitatively using Pearson product moment correlation and simple regression by SPSS. The findings show that 68.88% of all CEOs in Tanzania use entrepreneurial leadership style. More over the findings showed that there is a significant strong positive correlation between entrepreneurial leadership style and business performance of SMEs in Tanzania
{"title":"Impact of Entrepreneurial Leadership Style on Business Performance of SMEs in Tanzania","authors":"T. Mgeni","doi":"10.4172/2169-026X.1000142","DOIUrl":"https://doi.org/10.4172/2169-026X.1000142","url":null,"abstract":"This study attempts to explore the extent to which entrepreneurial leadership style is used by CEOs in Tanzanian SMEs. The study also attempts to determine the relationship between entrepreneurial leadership style of CEOs and business performance of small and Medium Enterprises (SMEs) CEOs in Tanzania. The research is based on primary data collected by mailed questionnaires and analyzed quantitatively using Pearson product moment correlation and simple regression by SPSS. The findings show that 68.88% of all CEOs in Tanzania use entrepreneurial leadership style. More over the findings showed that there is a significant strong positive correlation between entrepreneurial leadership style and business performance of SMEs in Tanzania","PeriodicalId":433140,"journal":{"name":"Journal of Entrepreneurship & Organization Management","volume":"389 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-07-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126740031","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}
Pub Date : 2015-07-08DOI: 10.4172/2169-026X.1000141
Malyadri Pï, Sujatha Gangadhar Ch ï
This paper makes an attempt to evaluate the effectiveness of microfinance on empowerment of women. A crosssectional research on 215 women in the State of Andhra Pradesh, India through a structured questionnaire was conducted. Population of study is women who are associated with Self Help Groups (SHG’s). These women are married and have at least one child. Exploratory factor analysis is used to study the indicators of women empowerment. Results reveal that indicators of women empowerment are household economic decision making, legal awareness, mobility, economic security and family decision making. Five hypotheses are developed to evaluate the effectiveness of microfinance on empowerment of women for mentioned five indicators. Paired samples t test is used to know the difference in women’s perception before joining microfinance program and after joining microfinance program. The findings of this study reveal that microfinance is a powerful tool in enhancing women empowerment for its all indicators like household economic decision making, legal awareness, mobility, economic security and family decision making.
{"title":"Impact of Microfinance on Women Empowerment: An Empirical Evidence from Andhra Pradesh","authors":"Malyadri Pï, Sujatha Gangadhar Ch ï","doi":"10.4172/2169-026X.1000141","DOIUrl":"https://doi.org/10.4172/2169-026X.1000141","url":null,"abstract":"This paper makes an attempt to evaluate the effectiveness of microfinance on empowerment of women. A crosssectional research on 215 women in the State of Andhra Pradesh, India through a structured questionnaire was conducted. Population of study is women who are associated with Self Help Groups (SHG’s). These women are married and have at least one child. Exploratory factor analysis is used to study the indicators of women empowerment. Results reveal that indicators of women empowerment are household economic decision making, legal awareness, mobility, economic security and family decision making. Five hypotheses are developed to evaluate the effectiveness of microfinance on empowerment of women for mentioned five indicators. Paired samples t test is used to know the difference in women’s perception before joining microfinance program and after joining microfinance program. The findings of this study reveal that microfinance is a powerful tool in enhancing women empowerment for its all indicators like household economic decision making, legal awareness, mobility, economic security and family decision making.","PeriodicalId":433140,"journal":{"name":"Journal of Entrepreneurship & Organization Management","volume":"32 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-07-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132177818","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}
Pub Date : 2015-06-05DOI: 10.4172/2169-026X.1000139
A. Sivakumar
The specific requirement of the project, the structure of the instrument and its accuracy levels in measuring data, from business incubation community. The source of data needed to come from the four different important incubation players such as Business Incubator Managers, Incubatee Entrepreneurs, Academicians who are engaged in Business Incubation Activities and Policy Makers.
{"title":"Enterprenurship Development Under Government Support in India through Business Incubation","authors":"A. Sivakumar","doi":"10.4172/2169-026X.1000139","DOIUrl":"https://doi.org/10.4172/2169-026X.1000139","url":null,"abstract":"The specific requirement of the project, the structure of the instrument and its accuracy levels in measuring data, from business incubation community. The source of data needed to come from the four different important incubation players such as Business Incubator Managers, Incubatee Entrepreneurs, Academicians who are engaged in Business Incubation Activities and Policy Makers.","PeriodicalId":433140,"journal":{"name":"Journal of Entrepreneurship & Organization Management","volume":"294 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-06-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115395347","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}
Pub Date : 2015-05-28DOI: 10.4172/2169-026X.1000138
Nichodemus Obioma Ejimabo
This study explores the influence of decision making in organizational leadership and management activities that impact creativity, growth and effectiveness, success, and goal accomplishments in current organizations. The purpose of this qualitative critical ethnographic study was focused on identifying the factors influencing success in decision making among organizational leaders and managers in organizations’ practices. The qualitative paradigm was used in order to gain in-depth knowledge and understanding of the issues and challenges influencing effectiveness, and success among organizational leadership and managements in business practices. The author being committed and determined to discovering a pattern of meaning through experience, systemic thinking, assessment, and creative analysis used the Kurt Lewin leadership philosophical underpinning approaches of leadership namely: autocratic, democratic, and laissezfaire methods of leadership decision making processes in the context of this study, with the aim of discovering the main factors rather than specific variables and outcomes affecting decision making among business leaders. Approximately, four hundred past and current business executives and managements participated in this study. Data was collected through structured interviews and surveys. The results that emerged from the data indicated that there is a great need for change and improvement in decision making among organizational executives while accommodating technology, diversity, globalization, policy, teamwork, and leadership effectiveness
{"title":"The Influence of Decision Making in Organizational Leadership and Management Activities","authors":"Nichodemus Obioma Ejimabo","doi":"10.4172/2169-026X.1000138","DOIUrl":"https://doi.org/10.4172/2169-026X.1000138","url":null,"abstract":"This study explores the influence of decision making in organizational leadership and management activities that impact creativity, growth and effectiveness, success, and goal accomplishments in current organizations. The purpose of this qualitative critical ethnographic study was focused on identifying the factors influencing success in decision making among organizational leaders and managers in organizations’ practices. The qualitative paradigm was used in order to gain in-depth knowledge and understanding of the issues and challenges influencing effectiveness, and success among organizational leadership and managements in business practices. The author being committed and determined to discovering a pattern of meaning through experience, systemic thinking, assessment, and creative analysis used the Kurt Lewin leadership philosophical underpinning approaches of leadership namely: autocratic, democratic, and laissezfaire methods of leadership decision making processes in the context of this study, with the aim of discovering the main factors rather than specific variables and outcomes affecting decision making among business leaders. Approximately, four hundred past and current business executives and managements participated in this study. Data was collected through structured interviews and surveys. The results that emerged from the data indicated that there is a great need for change and improvement in decision making among organizational executives while accommodating technology, diversity, globalization, policy, teamwork, and leadership effectiveness","PeriodicalId":433140,"journal":{"name":"Journal of Entrepreneurship & Organization Management","volume":"80 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-05-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116310931","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}
Pub Date : 2015-05-27DOI: 10.4172/2169-026X.1000135
James Atta-Panin
The issue of balancing business profitability and corporate social responsibility engagement is a delicate one. Whereas some people in business and academia see the two as inextricably linked and that businesses do well by doing good, others believe that using the legitimate returns of entrepreneurship for philanthropic activities is irresponsible. Modern corporations cannot exist and provide the products and services enjoyed by society if they do not make worthwhile profits for their owners who risk their wealth by investing and providing the funds necessary for their operations. Indeed the ‘free enterprise’ advocates have long held the view that businesses should be left to pursue the principle of profit maximisation as long as they operate within the law. However, this paper takes the position that in an age where business sustainability is being touted across the corporate world as the panacea to achieving organizational viability, companies cannot afford to ignore their corporate social responsibility credentials in the name of profit maximisation. The article goes on to emphasize that adopting a stakeholder concept rather than the shareholder concept enables a business to enhance its competitive advantage. The article uses examples of how contemporary organizations have used their CSR policies as a differentiation strategy to separate themselves from the competition, allowing them to increase sales and market share, thereby improving their financial performance. The article concludes by citing Michael Porter’s principle of creating shared value where business and society recognize their interdependence and work together to provide products and services that meet societal needs while at the same time providing organizations and their investors with satisficing profitability.
{"title":"The Role of Profits â Is Profit Maximisation Tenable in the Modern BusinessEnvironment?","authors":"James Atta-Panin","doi":"10.4172/2169-026X.1000135","DOIUrl":"https://doi.org/10.4172/2169-026X.1000135","url":null,"abstract":"The issue of balancing business profitability and corporate social responsibility engagement is a delicate one. Whereas some people in business and academia see the two as inextricably linked and that businesses do well by doing good, others believe that using the legitimate returns of entrepreneurship for philanthropic activities is irresponsible. Modern corporations cannot exist and provide the products and services enjoyed by society if they do not make worthwhile profits for their owners who risk their wealth by investing and providing the funds necessary for their operations. Indeed the ‘free enterprise’ advocates have long held the view that businesses should be left to pursue the principle of profit maximisation as long as they operate within the law. However, this paper takes the position that in an age where business sustainability is being touted across the corporate world as the panacea to achieving organizational viability, companies cannot afford to ignore their corporate social responsibility credentials in the name of profit maximisation. The article goes on to emphasize that adopting a stakeholder concept rather than the shareholder concept enables a business to enhance its competitive advantage. The article uses examples of how contemporary organizations have used their CSR policies as a differentiation strategy to separate themselves from the competition, allowing them to increase sales and market share, thereby improving their financial performance. The article concludes by citing Michael Porter’s principle of creating shared value where business and society recognize their interdependence and work together to provide products and services that meet societal needs while at the same time providing organizations and their investors with satisficing profitability.","PeriodicalId":433140,"journal":{"name":"Journal of Entrepreneurship & Organization Management","volume":"24 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-05-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114387413","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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