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The COVID-19 pandemic has not only had a significant and catastrophic effect on business and economies globally, but has identified the external and internal enablement of new venture creation. This paper aims to provide entrepreneurship insights, implementations and dynamics to demonstrate the role of entrepreneurship in times of such adversity within an Australian context. We provide emergent enquiry narratives from leading Australian scholars, identifying entrepreneurial initiatives as a catalyst to new venture creation and growth. Narratives include insights associated with the entrepreneurial mindset, the multidimensional effects of resilience and entrepreneurship, entrepreneurship education, entrepreneurship enablers and the entrepreneurial ecosystem. Opportunities for further research are identified, particularly regarding context and empirical outcomes. We postulate that entrepreneurship may well be the unsung hero during the current COVID-19 economic crisis.
Alex Maritz; Aron Perenyi; Gerrit De Waal; Christoph Buck. Entrepreneurship as the Unsung Hero during the Current COVID-19 Economic Crisis: Australian Perspectives. Sustainability 2020, 12, 4612 .
AMA StyleAlex Maritz, Aron Perenyi, Gerrit De Waal, Christoph Buck. Entrepreneurship as the Unsung Hero during the Current COVID-19 Economic Crisis: Australian Perspectives. Sustainability. 2020; 12 (11):4612.
Chicago/Turabian StyleAlex Maritz; Aron Perenyi; Gerrit De Waal; Christoph Buck. 2020. "Entrepreneurship as the Unsung Hero during the Current COVID-19 Economic Crisis: Australian Perspectives." Sustainability 12, no. 11: 4612.
This paper draws on survey data to clarify whether small high-technology firms benefit most from adopting greater numbers of new product development (NPD) tools to support NPD projects, or from using tools more thoroughly. This is an important issue given that small firms adopt NPD tools despite facing acute resource limitations and using informal processes. Prior studies of the performance impact of NPD tools have focused on large firms, and very few have assessed the performance impact of using NPD tools to higher levels of thoroughness.The paper covers tools across functional/technical and management/marketing aspects of NPD, and measures performance in process, product and market. We found that increasing the number of tools adopted did not measurably improve performance, in contrast to prior findings in larger firms. Instead, we found that firms obtained meaningfully improved NPD performance from using tools at higher average levels of thoroughness. Higher average thoroughness produced statistically significant performance benefits across seven of our nine performance measures. Our findings imply that small firms should emphasize selective but thorough and well-designed implementation of NPD tools.
Gerrit Anton De Waal; Paul Knott. NPD TOOLS, THOROUGHNESS AND PERFORMANCE IN SMALL FIRMS. International Journal of Innovation Management 2019, 23, 1 .
AMA StyleGerrit Anton De Waal, Paul Knott. NPD TOOLS, THOROUGHNESS AND PERFORMANCE IN SMALL FIRMS. International Journal of Innovation Management. 2019; 23 (6):1.
Chicago/Turabian StyleGerrit Anton De Waal; Paul Knott. 2019. "NPD TOOLS, THOROUGHNESS AND PERFORMANCE IN SMALL FIRMS." International Journal of Innovation Management 23, no. 6: 1.
This paper explores how thoroughly practitioners in small high-tech firms use tools in support of NPD activities. We present a mixed-methods study starting with a survey of 99 firms covering 76 tools across 12 functional perspectives on NPD, which shows wide variability in reported thoroughness of use. We investigate what drives this variability via 17 interviews. We find that the principal driver is institutional pressures that prioritise either rigorous process or pressure from targets. Based on these drivers and responses, we provide contingency-based advice as to how firms in different contexts can get the best results from using NPD tools.
Gerrit Anton De Waal; Paul Knott. Drivers of thoroughness of NPD tool use in small high-tech firms. Journal of Engineering and Technology Management 2019, 53, 19 -32.
AMA StyleGerrit Anton De Waal, Paul Knott. Drivers of thoroughness of NPD tool use in small high-tech firms. Journal of Engineering and Technology Management. 2019; 53 ():19-32.
Chicago/Turabian StyleGerrit Anton De Waal; Paul Knott. 2019. "Drivers of thoroughness of NPD tool use in small high-tech firms." Journal of Engineering and Technology Management 53, no. : 19-32.