Managerial Competence of SME Owner/Manager – Does Regional Context Matter?

Lau, Theresa; Chan, Kin‐Fai

doi:10.1080/08276331.2002.10593304

Cited by 6 publications

(3 citation statements)

References 18 publications

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“…Competence is the knowledge, abilities, characteristics, and attitude concerning the requirement for good performance, especially in entrepreneurship. Some researchers claim that entrepreneurial competencies are necessary to start a business (Inyang & Enuoh, 2009;Man & Lau, 2000;Sánchez, 2011), whereas some argue that a business requires managerial competence (Kraemmergaard & Rose, 2002;Lau & Chan, 2002;Zacca & Dayan, 2018). Other opinions suggest that entrepreneurship requires competence in these two areas (Man & Lau, 2005;Mitchelmore & Rowley, 2010;Pansiri & Temtime, 2008).…”

Section: Discussionmentioning

confidence: 99%

How to Educate Student Become Competent Entrepreneurs

Supardi

Islamy

Muhidin

et al. 2022

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The purpose of this study was to examine the direct or indirect effect between the entrepreneurship education variable and the student entrepreneurship competence variable in Vocational High School students. This study used a quantitative approach with the Survey Method (Explanatory Survey Method), and the test uses path analysis. The number of samples in this study found 100 students from 25 Public and Private Vocational High Schools accredited-A in the city of Bandung. The results showed that (1) entrepreneurship education had a significant effect on entrepreneurial intentions, both directly and indirectly, (2) entrepreneurship education had a significant direct effect on student entrepreneurial competencies, (3) and student entrepreneurial competencies had a significant influence on entrepreneurial intentions. This is because the results can illustrate that entrepreneurship education in vocational high schools is good, it can be seen from the score of the entrepreneurship education variable in the high category and the form of entrepreneurship learning in vocational high schools is good. Entrepreneurship education has the highest direct influence on students' entrepreneurial competence variables. Entrepreneurship education has a significant effect on entrepreneurial intentions, but if the competence variable becomes a mediating variable, it can further increase students' entrepreneurial intentions. The results of this study are expected to be considered by vocational high schools to provide entrepreneurship education to students, so that students' competence and interest in entrepreneurship can increase.

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Section: Discussionmentioning

confidence: 99%

How to Educate Student Become Competent Entrepreneurs

Supardi

Islamy

Muhidin

et al. 2022

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“…Regarding the term “owner-manager” there can be identified some terminological vagueness, and indeed terms such as “entrepreneur” and “owner-manager” are frequently used interchangeably in the literature (Ardley et al. , 2016; Lau and Chan, 2002). While some, e.g.…”

Section: An Elite Perspective As Conceptual Background Of This Researchmentioning

confidence: 99%

An elite perspective on interviewing entrepreneurs – methodological considerations for the entrepreneurship field

Kraus¹,

Stokes²,

Moore³

et al. 2023

JSBED

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PurposeElite interviewing is a well-established area of interview research methods. Nevertheless, the actual casting of an “elite” has been generally conducted in a prima facie or broad manner. A consideration of entrepreneurs and owner-managers as “elites” has been less profiled and received less attention, therefore the paper views the entrepreneurs and owner-managers as constituting a form of “local elite” within given and varying sectorial, regional and community boundaries. The authors argue that a consideration of entrepreneurs as “local elites” and transferring knowledge from an elite interviewing perspective may strongly support scholarly research in the entrepreneurship field.Design/methodology/approachThe study conducts a comprehensive narrative literature review of elite interviewing literature and transfers key methodological insights to the entrepreneurship field. The methodological contribution based on literature is complemented by experiences and observations from an extensive inductive interview study with over 30 entrepreneurs of German manufacturing Small and Medium-sized Entities (SMEs) and are used to reflect on, and refine, interview research approaches with entrepreneurs.FindingsThe reflections and discussions in this paper provide valuable insights for other researchers conducting research in entrepreneurship domains regarding the power dynamics of negotiating access, procedural issues of interviews and thereby enhancing the quality of data.Originality/valueThe contribution to knowledge is mainly of a methodological nature. While the paper takes a novel act of recasting elite interviewing in the SME and entrepreneurship context, the paper methodologically contributes to the entrepreneurship and elite interview literature thereby facilitating higher quality interviews.

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“…Employees' level of knowledge in operations, industry, profession, technology, dynamical and environmental changes adequately represents the significant role of knowledge in developing organizational competitive advantage (Lau, Chan & Man, 1998). The knowledge that the employees possess is paramount as it can be a deciding factor in the advantage the organization garners over others and the position it holds in the industry.…”

Section: Employees' Knowledgementioning

confidence: 99%

The Quest towards Obtaining a Competitive Advantage in Organizations through Managing the Human Capital

Wilson,

Vuksanović Herceg

2022

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The aim of this paper was to shed light on how managing human capital can contribute to obtaining a competitive advantage in organizations. This was done by conducting a literature review by examining and synthesizing the available literature from various research and scholars. Moreover, it included research into the different perspectives pertaining to the elements and approaches of human capital as it relates to competitive advantage in organizations. The literature reveals that Human capital plays a significant role as a contributor to obtaining a competitive advantage in organizations, which ensures high quality in the selection and recruitment of employees. Based on the literature, certain challenges may be encountered regarding human capital, and these challenges may inhibit the attainment of competitive advantages. Furthermore, the paper brings to light the approaches to utilizing human capital to achieve a competitive advantage. The Resource base view and the Human capital theory were the approaches discussed and considered relevant in navigating human capital towards a competitive stance. The distinctive character of the organization could be realized through the human capital concept; investing in employees bring about new ideas and solutions to the organization. While other resources are owned by the organization, such as technology and equipment, the human capital emanates from the employment relationship and could not be regarded as organizational-owned property but is also privy to its success. Human capital is viewed as an essential component of intellectual capital. Industry 4.0 was also seen as an important contributor to competitive advantage as the advanced technology seems to employ more modern ways of getting the job done. Even though advanced technology is necessary, among other factors, the quest towards the achievement of competitive advantage lies in the role of adequately managing human capital because human capital neutralizes threats, exploits opportunities, and enhances organizational efficiency that has the potential to lead to a competitive advantage.

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Managerial Competence of SME Owner/Manager – Does Regional Context Matter?

Cited by 6 publications

References 18 publications

How to Educate Student Become Competent Entrepreneurs

How to Educate Student Become Competent Entrepreneurs

An elite perspective on interviewing entrepreneurs – methodological considerations for the entrepreneurship field

The Quest towards Obtaining a Competitive Advantage in Organizations through Managing the Human Capital

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