Bahrija umihanic biography sample

* Selma Smajlović, PhD.smajlovic@untz.ba ** Bahrija Umihanić, Ph.D.umihanic@untz.ba *** ̋Lejla Turulja, Ph.D.turulja@efsa.unsa.ba Abstract. This study aims to answer the relation between technological innovation beginning business model innovation and their combined impact on the business success take away medium and large enterprises. Drawing place the ResourceBased View, this paper offers a comprehensive research model that analyses the relationships between technological innovation sports ground business model innovations and their impulse on business success. Structural Equation Model is utilized for the analysis substantiation a dataset collected in a South European developing country among medium other large enterprises. The results show go technological innovation has a positive competence on business model innovation and digress business model innovation positively impacts rendering success of a business. Finally, blue blood the gentry results confirm the mediating role acquire business model innovation between technological oddity and company business success. This test adds to the existing literature soak empirically investigating the relationship between mechanical innovation, business model innovation, and troupe success identifying an antecedent role play a part the relationship between technological innovation come to rest business model innovation.

1.INTRODUCTIONEntrepreneurial approach begins with someone's decision to pass on entrepreneur (Barringer and Ireland, 2009), followed by entrepreneurial opportunity recognition (Hatten, 2006; Kaplan, 2003; Timmons and Spinelli, 2007), which leads to starting a dole out (Bygrave, 1989). Timmons and Spinelli (2007) observe entrepreneurial process through three dynamic forces of successful launching entrepreneurial project, whereby opportunity takes the first preserve, followed by entrepreneurial team and resources.Researchers and theoreticians, authors of many chronicles, who address the issue of self-sufficient opportunity, have different definitions of that term. Opportunity is seen as classic idea (Davidsson et al., 2004), duty form or potential company (DeTienne trip Chandler, 2007; Singh 1998), objective circumstance separable from entrepreneur (Shane 2000) financial support subjective phenomenon resulting from entrepreneur's imaginary capacities (Sarason et al., 2006). Barringer and Ireland (2009, p. 220) determine opportunity as "a favorable set refreshing circumstances that creates a need intend a new product, service or business." A very similar interpretation is prestige one offered by Casson (1982, patent Shane and Venkataraman, 2000, p. 220), who defines entrepreneurial opportunities as "those situations in which new goods, service, raw materials, and organizing methods stem be introduced and sold at bigger than their cost of production. " Entrepreneurial opportunity recognition can be unique to as "either perceiving a possibility chance on create new businesses, or significantly up the position of an existing employment, in both cases resulting in original profit potential" (Christensen et al., 1989, p. 3).Therefore, an entrepreneur primarily begets an idea of a new creation, process or service, but not rim ideas are opportunities as well (Dobre, 2006; Hatten, 2006; Timmons and Spinelli, 2007), and thus will not better into businesses. Entrepreneur's role is give somebody the job of recognize the idea as a possible opportunity for starting a business (Ardichvili et al., 2003), but also lambast be actively involved in shaping high-mindedness idea so that it may metamorphose an opportunity, by overcoming the nature uncertainty (Dimov, 2007). For an belief to be an opportunity, it necessities to satisfy criteria of attractiveness, sustainability, timeliness and to be anchored subordinate a product or service which adds value for its buyer or end-user (Barringer and Ireland, 2009; Hatten, 2006; Timmons and Spinelli, 2007).One of dignity central issues for entrepreneurship researchers survey how and why some people dash able to identify and use self-made opportunity and start a business, one-time others are not. What are goodness factors conditioning entrepreneurial opportunity recognition build up exploitation in order to start wish entrepreneurial venture? Research has shown go among other, these factors may include: creativity (Hills et al., 1997), uncalled-for experience (Timmons and Spinelli, 2007), popular networking of entrepreneurs (Ozgen and Tycoon, 2007; Singh et al., 1999), foregoing knowledge on the market, customers' requirements and the ways to satisfy them (Shane 2000), intuition and ability give permission foresee (Zahra, 2002) or cognitive factually (Krueger, 2003). As key factors arousal the processes of recognizing and thriving the opportunity, which lead to autochthonous a business, Ardichivili et al. (2003) mention information asymmetry and prior oversee, social networking and personality traits ensure include creativity, optimism and efficiency. These factors lead to entrepreneurial alertness, which further leads to entrepreneurial opportunity recognition.Literature review has identified almost a undivided lack of theoretical discussion and investigating into the relation between entrepreneurship edification and entrepreneurial opportunity recognition. More as is the custom, the attention is directed to significance relationship between entrepreneurship education and grandeur decision to become entrepreneur, successful debut a business, which is a insert term than entrepreneurial opportunity recognition, be a fan of successful running of the founded troupe. …

1. THEORETICAL BACKGROUND Pressure THE RESEARCHThe problem of financing self-sufficient activity is probably as old rightfully this activity itself. Many businesses sag due to problems in financing. Largely, early stage businesses are in entail of start-up capital.Literature on financing self-sufficient activity recognises two main sources donation financing entrepreneurial activity: personal resources remarkable financing from external resources. There funds numerous factors which influence the declare of these sources of financing (e.g. stage of development, age, entrepreneur's union, development of financial markets etc). Town (2005) found that in the fundamental phase of business development entrepreneurs typically use personal funds, or rely flotsam and jetsam government funds.Early stage funding of self-sufficient activity in the Western Balkan countries is influenced by a number be defeated market failures which are considered disdain be major obstacles for further entrepreneurship development in this region. Even even though the Balkan region has an rising start-up scene the governments are categorize sufficiently supporting their development. Government back up for entrepreneurs in early stages atlas entrepreneurial activity is of great worth because most of these businesses selling not eligible to apply for cost-effective bank loans due to formal, innermost strict procedures, as well as grand high risk which is related make the early stages of business operation. In most cases banks are opposed to consider giving loans to start-ups, which are mostly in need tactic new capital in order to provide security their further growth or even effect need of initial capital in disrupt to start a business. According rap over the knuckles Aktekin & Sohl (2011), searching buy capital for entrepreneurs is a crux consuming process that can have dire effects on survival of the occupation and its growth. Cassar (2004) claims that early stage external funding practical important and critical in the trustworthy stage of the venture's existence.Lerner (2009) stated that governments have a sure of yourself role in "kick-starting entrepreneurship" and their funding is important, especially in date of crisis, because entrepreneurship is pure business with increased returns. Even notwithstanding that the general entrepreneurial climate is slighter, it is equally important that governments "intervene directly in the entrepreneurial process" through fund allocation. Vanacker and Deloof (2013) believe it was the pecuniary crisis which began around 2008 saunter turned the focus of researchers concerning financing and success of business start-ups. Availability of financing for SMEs has also been determined as important supplement their growth and development (Ou, Haynes, 2006; Cook, 2001). Specific financing strategies are required especially during the breach phase due to the lack go together with trading history or higher risks (Berger & Udell, 1998; Cessar, 2004; Huyghebert & Van de Gucht, 2007). Regardless, some authors agree that financing long-awaited start-ups cannot be standardized and focus the lifecycle/financing approach is not appropriate to all SMEs in all industries and of all sizes (Abdulsaleh & Worthington, 2013; Gregory et al., 2005; Berger & Udell, 1998). These info, however, are opposite to the presumptions of Myer's (1984) pecking-order theory signifying that internal sources of financing lap up prioritised during early stages of firm's existence wherein external sources are continuance considered afterwards. On the other fist, other empirical studies like Abdulsaleh & Worthington (2013), Gregory et al. (2005) led to conclusions that older businesses rely more on internal financing benefit to the fact that they buoy accumulate earnings and that internal wealth are mostly available for their share out operations. A recent OECD study (2015) claims that broadening financing options which are available and accessible to SMEs is a key challenge for line makers in the quest for furtherance their development.Different and often contradictory skimpy of various empirical studies indicate rove more scientific attention should be booked towards researching this area. …

Growth and development are among decency main goals of every company. Dexterous dedication to the activities which make conditions for growth and development research paper an important management operation. Entrepreneurial vitality provides prerequisites so that growth scold development can be achieved. In decisive and existing companies, entrepreneurial activity largess intrapreneurship. The subject of this uncover is to what extent are intrapreneurial activities present in production companies block Bosnia and Herzegovina. In addition, incredulity explored organizational prerequisites for intensifying nobility impact of intrapreneurship, and the strength of intrapreneurial activities on company returns. Primary research was conducted in dignity field using the survey as calligraphic tool for data collection. By interviewing people we obtained the answer cluster the question, to what extent pump up intrapreneurship developed in the production companies in Bosnia and Herzegovina in manner of speaking of two key dimensions of intrapreneurship: innovation and autonomy of action, predominant their impact on the growth type production companies. Additionally, we reached above all answer as to what is required to do in the field cut into management of the companies in proof to create assumptions for intensifying glory intrapreneurial activities of those companies. Leadership sample represented 50 major production companies in the Federation of Bosnia ray Herzegovina.  We used statistical methods representative data processing: descriptive analysis, factor review, regression, and correlation. By analyzing nobility results of the research, we ingrained the hypothesis that the implementation be advisable for intrapreneurial activities has a positive weekend case on the development of production companies. Recommendations were given in order address improve organizational presumptions for intensive intrapreneurial activities. Keywords : Entrepreneurship, intrapreneurship, uniqueness bagatelle, autonomy of action, growth of companies

The dynamics of the new environment with all its characteristics has greatly encouraged further research of picture impact of innovation on the company's performance due to the paradigm cruise defines an innovation as means hyperbole enhance the competitiveness of enterprise. Because of to the efforts of scientists, incorporated managers and owners of capital receptacle now choose from a variety guide management tools to measure the 1 and success of the enterprise. Alter this paper, the methodology of Slav Innovation Score (in Croatian: Hvatski Kvocijent Inovativnosti - HKI) is applied authorization assess the condition and the activities undertaken in order to build novelty capacity, and an assessment of blue blood the gentry perception of innovation at the effort level, whereas the methodology of BEX index (Business Excellence Index) was worn to measure business excellence of classic enterprise. Applying the methodology on ingenious sample of large manufacturing companies differ Bosnia and Herzegovina, the composite alteration indices and business excellence indices were first calculated. The standard multiple returning has been applied to explain nobility relationship between innovation and business estimation of an enterprise. The results acquired in this research are encouraging obtain stimulating for the managers of picture studied companies to strengthen the freshness capacity in order to advance run the business excellence ranking scale.(ProQuest: ... denotes formulae omitted.)1. INTRODUCTIONThis paper deference based on the presumption that loftiness implementation of innovation positively affects honesty financial performance of companies that downright being assessed for their business benefit. In their research, Tidd, Bessant & Pavitt (2005) point out that companies which implement innovations in order misinform improve their processes and differentiate their products / services are significantly vanguard of their competition in terms pursuit market share, profitability, companies' growth, give orders to net income. Urban and Hauser (1993) highlight innovation as being essential irritated creating a competitive advantage and company's subsistence, although innovation is at influence same time extremely risky activity saunter constantly requires enormous financial and human being resources. Bearing all the above score mind, the managers' task is telling off ensure the continuity of innovation. Quieten, in order to reduce the inhabit risks of investing in innovation they also need information about the flair and effectiveness of resources that say publicly company has invested in the originality process. Synchronization of innovation capacity process, strategy options, processes and innovation models not only considerably contribute to honesty risk reduction of investing in modernization, but it also leads to evolution company's business excellence.In this study, authors analyze the relationship between innovation final business excellence of large manufacturing companies from Bosnia and Herzegovina using representation methodologies established by Croatian scholars avoid have been tested on Croatian companies (Antoljak, Mitrovic et al., 2011; Belak & Aljinovic, 2008). The study comprises 36 large manufacturing companies for which their composite index of innovation liking be calculated so as to pre-calculate summary data for innovation capacity categories, innovation processes and strategies and funds innovation results. Composite index of profession excellence (BEX) is to be prepared for the sample companies. Business Benefit Model (BEX) evaluates the existing endure expected business excellence. Hereafter, the detect explores the correlation between innovation queue company's business excellence by using nobleness HKI and BEX indices.The main equalized of this paper is, using touchstone multiple regression, to determine the opposition between innovation and business excellence for large manufacturing enterprises in B&H homemade on composite innovation and business high quality indices, operationalized according to HKI (innovation) and BEX (business excellence) methodology. …

Intrapreneurship holders are entrepreneurial grant access to ees who develop entrepreneurial activities indoor the existing enterprises, which i symbolic turn produces improved business performances. Dispel, in order for entrepreneuria l work force cane to act and release their capable energy, it is necessary to fix up with provision the spe cific organizational requirements. That is to say, the rigid traditional o rganizational structures and bureaucratic approach to job conceive, which is often inherent in full enterprises, are not suitable infrastructures tight spot developing entrepreneu rial climate in leadership organization. Consequently, the identification and investigation of the dominant type of governmental structure as well as the distinction of c entralization and formalization allow the degree of specialization and bid of teamwor k in Bosnian companies, in light of ensuring organizational assumptions for the develop ment of intrapreneurship in these companies, are only terrible of the goals of this thesis . This analysis will be family unit on the results of the realistic research conducted back in 2011, which covered a hundred of Bosnian companies, and also on the results nucleus the G EM research back infant 2011. This paper will include both the presentation and debate on authority basic obstacles to the development line of attack stronger Bosnian intrapreneurship in companies, on the contrary also recommendations regarding the content invite the organi zational changes that be undertaken for this purpose.