Research to Practise – Challenges for Scholars

Entrepreneurship research is growing and developing.

As it aims to,  and is succeeding at gaining increased academic respectability, it also perhaps continues to struggle to strike the balance in trying to sustain and hopefully improve its relevance to practice.

Our colleague Tim Mazzarol at the University of Western Australia shares some thoughts about these issues – Click to read

 

Extension of Small Business Advisory Service Media Statement: Minister for Small Business, Brendan O’Connor, 8th May 2012

At the risk of becoming part of the budget reporting landscape, this media release from the Minister for Small Business  makes interesting reading. Note that small business, rather than entrepreneurship is the ‘engine room’ of the Australian economy.

(Statement Starts:)

The Gillard Government will deliver a range of tax reforms and extend advice services to benefit Australia’s 2.7 million small businesses – the engine room of our economy.

As part of the 2012-13 Budget, the Government will provide $27.5 million to extend the highly successful Small Business Advisory Service (SBAS) program for a further four years to continue supporting small businesses with vital advice and assistance.

The Government will also introduce a loss carry back initiative in 2012-13 to provide tax relief to companies struggling due to the high dollar.

“Small business owners with good access to information, advice, knowledge and experience are more likely to grow their business and create jobs,” Minister for Small Business, Brendan O’Connor, said.

“The Australian economy is undergoing a significant transformation and many small businesses are under pressure.

“Currently, small companies which are making losses are unable to use those losses to reduce tax liability because they are not making enough profit to incur a tax liability.

“The introduction of the loss carry-back will allow businesses to also ‘carry back’ their losses, to offset past profits and get a refund of tax previously paid on that profit.

“In doing so, this reform will mean businesses can use their tax losses now – when they need to – rather than in the future when their businesses are performing better.”

The new loss carry-back is estimated to benefit around 110,000 companies in its first four years, of which its estimated around 90 per cent will be small businesses.

This important tax reform is in addition to other tax relief starting on 1 July for small businesses that will benefit companies as well as sole traders, partnerships and trusts.

“From 1 July, small businesses will be able to immediately deduct the cost of any new business asset costing less than $6,500, for as many assets as they purchase,” Minister O’Connor said.

“In addition, businesses will be able to write off assets costing $6,500 or more in a single pool (15 per cent in the year they are purchased, 30 per cent each subsequent year).

“We also recognise that for many small businesses their biggest asset is their car, ute or van.

“Small businesses will be able to also instantly write-off the first $5,000 of the cost of a new or used motor vehicle, from 1 July this year.

“This important measure builds on the Gillard Government’s strong record of management of the economy in the interests of working Australians and spreading opportunity right across the community.”

Mr O’Connor said the extension of the Small Business Advisory Service (SBAS) will help small business operators as well as those starting out with low-cost planning, management advice and assistance with applications for finance.

“Since it was introduced in the 2008-09 Budget, SBAS has provided over 354,000 separate advisory services to more than 187,000 small businesses around the country,” Mr O’Connor said.

“More than 90 per cent of users surveyed said they would recommend the service to other small businesses.”

Service providers will be invited to make submissions for future funding rounds, with applications assessed through a competitive, merit-based process. Funding for SBAS was due to end on June 30, 2012.

Under the funding announced in this Budget, the program will be funded on an ongoing basis.

The Gillard Government is also establishing the first Australian Small Business Commissioner who will be a point of contact for small business services and information.

Small business owners will also have access to the National Workforce Development Fund which supports training and workforce development in areas of current and future skills need.” (Statement Ends)

Professor Per Davidsson to speak at “Advances in the Psychology of Entrepreneurship” Conference

ACE’s Director, Professor Per Davidsson, has been invited as keynote speaker at “Advances in the Psychology of Entrepreneurship” in Sheffield, UK, June 29-July 1. The meeting is organised by the European Association of Work and Organizational Psychology (EAWOP). Per’s speech will focus on research methods in entrepreneurship research with particular attention to how psychologists can make unique contributions to knowledge development in this area.

Shortly thereafter, July 8-14, Per has been also invited to participate in the “Summer Residence Week for Entrepreneurship Economists” in Oxford, UK. This is another small, invitation only event aimed at furthering disciplinary knowledge on entrepreneurship, through the lens of economics.

“My original academic home was Economic Psychology, so between the two these events represent a return to my roots,” says Per. “However, when I started out the little research that was done tended to happen at the fringes of Management and Marketing. There was no particular focus on entrepreneurship in either Psychology or Economics. It’s wonderful to see how attention to this important phenomenon has evolved in both disciplines – and great to be able to still play a role in both!”

After the two events Per will stay in the Northern Hemisphere to cover also the Academy of Management conference in early August. There, Per will among other things roll off his five-year cycle in the leadership of the Entrepreneurship Division. Counting 2,700 members this is the largest association for entrepreneurship scholars in the world.

Transformational Entrepreneurship: Startup Genome Project

The Startup Genome released an essay on Harvard Business Review Blogs called Transformational Entrepreneurship: Where Technology Meets Societal Impact.

The essay describes how entrepreneurship is increasingly becoming the world’s primary source of socioeconomic value creation and how a new class of entrepreneurship, which the Startup Genome is calling Transformational Entrepreneurship, is taking center stage by synthesizing the scalable tools of Technology Entrepreneurship with the world-centric value system of Social Entrepreneurship.

Check out the essay on HBR here: http://blogs.hbr.org/cs/2012/04/transformational_entrepreneurs.html

Or the longer version on their blog: http://blog.startupcompass.co/transformational-entrepreneurship-where-techn-11064

 

ACE Post Doc. becomes President of Galaxy!

Despite ACE being only formally 2 years old, our origins are heavily embedded in the QUT Business School where we have attracted a number of Post Doctoral Fellows to our fold.

While many go on to establish careers in Academe, some depart and head into the ‘real’ world of industry. One such example is Dr. Amanda Elam, who is now working as President and Chief Operating Officer of US based Galaxy Diagnostics.

Galaxy Diagnostics offers the most sensitive test for the detection of active Bartonella infection in patients with healthy immune systems.

Amanda came to QUT as a Postdoctoral Fellow having completed a doctorate in Sociology from the University of North Carolina at Chapel Hill and has published extensively on the topic of business start-up. Her doctoral research on entrepreneurship was recognized by the Academy of Management for innovative thought leadership.

According to Galaxy’s website, “Prior to joining the Galaxy team, Dr. Elam recently completed two years of Postdoctoral Research at top-ranked schools of management and entrepreneurship, including the Queensland University of Technology in Brisbane, Australia and Babson College in Wellesley, Massachusetts.”

It’s pleasing to see our former post doc’s achieving so much. Well done Amanda.

Recent Visitors

ACE becomes a popular visiting place for Northern Hemisphere scholars over our summer period!  We are told, that it’s not just escaping from the northern hemisphere winter that makes us such an attractive place to visit!

The past three months have seen the following people visit us:

  • Sara Carter – Head of Department, Hunter Centre for Entrepreneurship. Associate Dean (Research Enhancement), Strathclyde Business School. Sara’s research focuses on entrepreneurship and the small firms sector. She is currently developing a new research theme which explores entrepreneurial rewards and lifestyles from a household consumption perspective. Sara has experience from editor roles at Entrepreneurship, Theory & Practice and International Small Business Journal.
  • Johan Wiklund  – Professor of Entrepreneurship, Whitman School of Management, Syracuse University. Johan’s research interests include small business growth, the decision to be self-employed, new venture creation, and corporate entrepreneurship. Johan recently was awarded recipient of 2010 IDEA Award in Research Promise from the Academy of Management’s Entrepreneurship Division for “Top Management Team Characteristics and New Venture,” (with S. Zahra).
  • Dean Shepherd – Dean is the Randall L Tobias Chair in Entrepreneurial Leadership and Professor of Entrepreneurship at the Kelley School of Business, Indiana University. He is also an Adjunct Professor of QUT Businesses School where he closely works with The Australian Centre for Entrepreneurship Research. Dean is an Australian who received his PhD from Bond University, and is now one of the most published and sought after entrepreneurship researchers in the world. He is also the editor of one of the leading scholarly journals in the entrepreneurship field, the Journal of Business Venturing.
  • Martin Senderovitz – is Assistant Professor at the University of Southern Denmark. The primary research interests are entrepreneurial management, bricolage, effectuation and causation, strategic thinking and management of growth in SMEs and gazelles. Martin has more than ten years experience of teaching/lecturing in Strategy, Entrepreneurship, Marketing, Organisational Behaviour and Business Negotiation. Eight years of professional experience from the international shipping business and international consultancy work within curriculum development, teacher training and business consultancy in Denmark, Russia, Latvia, Macedonia, Serbia and Ukraine.
  • Kim Klyver – Since received his Ph.D. in 2005 Kim has worked as a post-doctoral fellow at Australian Graduate School of Entrepreneurship at Swinburne University of Technology (Australia) from 2006 to 2007, and as postdoctoral fellow at Stanford University in 2009. He is now a Professor in Entrepreneurship at University of Southern Denmark. Kim has been a member of the Global Entrepreneurship Monitor (GEM) project since 2000 and has been part of both the Australian national team and the Danish national team. He has more than 90 publications and has published intensively in international peer-reviewed journals. He has won several awards for his research. Kim’s main interests are entrepreneurial networks, nascent entrepreneurship, women entrepreneurship, entrepreneurship policy, and growth.
  • Helene Ahl is professor of Business Administration at the School of Education and Communication at Jönköping University, Sweden. She is internationally known for her research on women’s entrepreneurship, having studied it from many different perspectives – research, policy, and practice. Her current project is a theoretical one – how to understand entrepreneurship from a feminist theoretical perspective and vice versa. These fields have their origins in different sorts of problems and understand reality in different ways, but today’s policy makers often draw on one to legitimate the other, with sometimes confusing results. Ahl has also researched issues such as motivation and empowerment in the context of adult learning. She is currently the research director for Encell, the National Centre for Lifelong Learning in Sweden.
  • Jeroen Kraaijenbrink is assistant professor at The Netherlands Institute for Knowledge Intensive Entrepreneurship (NIKOS) at the University of Twente, The Netherlands. He is also research manager of the high-tech incubator program VentureLab Twente. He holds an MSc and a PhD in Industrial Engineering and Management and an MSc in Public Administration from the University of Twente. Jeroen Kraaijenbrink has co-edited a book on knowledge management for small and medium-sized enterprises and has published internationally in various books and journals including Technological Forecasting & Social Change, Knowledge Management Research & Practice, Journal of Product Innovation Management, and Journal of Management.
  • Alicia Robb is a Senior Research Fellow with the Kauffman Foundation, a Research Associate with the University of California at Santa Cruz, and a Visiting Scholar with both the Center for European Economic Research (Zentrum für Europäische Wirtschaftsforschung (ZEW)) in Mannheim, Germany and the Federal Reserve Bank of Atlanta. Her main research interests are entrepreneurship, entrepreneurial finance, and entrepreneurship by women and minorities, and entrepreneurship in emerging markets. Dr. Robb received her M.S. and Ph.D. in Economics from the University of North Carolina at Chapel Hill. She has previously worked as a staff economist for an economic consulting firm and as an economist for the Office of Economic Research in the Small Business Administration and for the Division of Research and Statistics at the Federal Reserve Board of Governors. In addition to numerous journal articles and book chapters, she is the co-author of Race and Entrepreneurial Success published by MIT Press and is currently working on her second book on entrepreneurial finance and women-owned businesses for Stanford University Press.

2012 ACERE Conference Wrap-up

ACE hosted the international Australian Centre for Entrepreneurship Research Exchange (ACERE) in Fremantle late January.

This year the conference was held in conjunction with the DIANA Project, providing participants with a wider range of conference streams. The conference was hosted at the University of Notre Dame, where the campus, integrated with the City of Fremantle provided a perfect background for 4 days of conference activities.

Key note addresses were given by Dr Patricia Green Co-Founder of the Diana Project, Centre for Women’s Business Research Board Member, IC2 Fellow, University of Texas Austin, and Professor Dean Shepard, Randall L Tobias Chair in Leadership, Professor of Management and Entrepreneurship, Kelley School of Business, Indiana University USA.

With over 92 papers presented at the conference covering a wide range of subject streams valuable discussion, debate and learning was achieved. Additionally, an Entrepreneurship and SME Policy Forum was held, along with a Doctoral Consortium / Paper Development Workshop.

The 2013 ACERE conference will be hosted at QUT from the 6th to 8th of February 2013. Register now at the conference website: http://acereconference.com/

 

Indigenous Entrepreneurship

ACE is currently working on establishing a number of projects related to indigenous entrepreneurship. These projects are still in early development and we welcome any early interest from you in helping is support the development of these projects. Associate Professor Paul Steffens in leading this research.

It seems to us that the growth, development and support of Indigenous businesses is another important area that deserves concentrated attention. Whilst there is significant focus on the creation of jobs, perhaps there is also an opportunity to focus on the establishment of businesses owned, run and employing indigenous people?

We welcome your comments and support on this area. Please contact Paul directly if you have any interest in working with us in this area. He can be emailed at p.steffens@qut.edu.au.

Balanced Skills – Effects and Origins

Founding a new venture is not easy. Surviving the first few years and eventually growing a business is an equally demanding task. In order to successfully run a business, entrepreneurs must be competent in a number of skills given that they have to combine different resources such as physical and financial capital, people and ideas. According to this line of reasoning entrepreneurs should have balanced skills  – in other words entrepreneurs should be a “Jack-of-all-Trades”. But just how big is the effect of balanced skills on engaging, persisting and excelling in entrepreneurship? Furthermore what are the origins of a balanced skill set?

ACE’s series of research vignettes is aimed at sharing current and interesting research findings from our team of international Entrepreneurship researchers. In this vignette, post-doctoral research fellow Michael Stuetzer considers the effects and origins of balanced skills.

Download it from here