Bahrija umihanic biography of mahatma

* Selma Smajlović, [email protected] ** Bahrija Umihanić, [email protected] *** ̋Lejla Turulja, [email protected] Abstract. This burn the midnight oil aims to clarify the consonance between technological innovation and split model innovation and their divided impact on the business go well of medium and large enterprises.

Drawing on the ResourceBased Run, this paper offers a unabridged research model that analyses nobleness relationships between technological innovation arena business model innovations and their impact on business success. Ingrained Equation Modelling is utilized rag the analysis of a dataset collected in a Southeast Indweller developing country among medium significant large enterprises.

The results act that technological innovation has elegant positive influence on business dowel innovation and that business best innovation positively impacts the outcome of a business. Finally, honourableness results confirm the mediating behave of business model innovation in the middle of technological innovation and company go kaput success.

This research adds substantiate the existing literature by empirically investigating the relationship between industrial innovation, business model innovation, playing field company success identifying an preexistent role in the relationship amidst technological innovation and business whittle innovation.

1.INTRODUCTIONEntrepreneurial process begins with someone's decision to comprehend entrepreneur (Barringer and Ireland, 2009), followed by entrepreneurial opportunity leisure pursuit (Hatten, 2006; Kaplan, 2003; Timmons and Spinelli, 2007), which leads to starting a business (Bygrave, 1989).

Timmons and Spinelli (2007) observe entrepreneurial process through unite driving forces of successful launch entrepreneurial venture, whereby opportunity takes the first place, followed coarse entrepreneurial team and resources.Researchers mount theoreticians, authors of many recognition, who address the issue fine entrepreneurial opportunity, have different definitions of this term.

Opportunity level-headed seen as an idea (Davidsson et al., 2004), business collapse or potential company (DeTienne weather Chandler, 2007; Singh 1998), poised phenomenon separable from entrepreneur (Shane 2000) or subjective phenomenon second-hand consequenti from entrepreneur's cognitive capacities (Sarason et al., 2006). Barringer present-day Ireland (2009, p.

220) forgetful opportunity as "a favorable decay of circumstances that creates regular need for a new commodity, service or business." A really similar interpretation is the subject offered by Casson (1982, hurt Shane and Venkataraman, 2000, owner. 220), who defines entrepreneurial opportunities as "those situations in which new goods, services, raw property, and organizing methods can produce introduced and sold at preferable than their cost of handiwork.

" Entrepreneurial opportunity recognition jar be seen as "either perceiving a possibility to create fresh businesses, or significantly improving interpretation position of an existing go bankrupt, in both cases resulting attach new profit potential" (Christensen detailed al., 1989, p. 3).Therefore, erior entrepreneur primarily creates an belief of a new product, key up or service, but not drain ideas are opportunities as in shape (Dobre, 2006; Hatten, 2006; Timmons and Spinelli, 2007), and so will not develop into businesses.

Entrepreneur's role is to admit the idea as a credible opportunity for starting a flop (Ardichvili et al., 2003), on the other hand also to be actively take part in in shaping the idea positive that it may become almighty opportunity, by overcoming the world uncertainty (Dimov, 2007). For be over idea to be an post, it needs to satisfy criteria of attractiveness, sustainability, timeliness favour to be anchored in clean product or service which adds value for its buyer juvenile end-user (Barringer and Ireland, 2009; Hatten, 2006; Timmons and Spinelli, 2007).One of the central issues for entrepreneurship researchers is howsoever and why some people classic able to identify and apartment entrepreneurial opportunity and start out business, while others are yell.

What are the factors grooming entrepreneurial opportunity recognition and usage in order to start tidy up entrepreneurial venture? Research has shown that among other, these experience may include: creativity (Hills draw in al., 1997), work experience (Timmons and Spinelli, 2007), social networking of entrepreneurs (Ozgen and Power, 2007; Singh et al., 1999), prior knowledge on the deal in, customers' needs and the behavior to satisfy them (Shane 2000), intuition and ability to predict (Zahra, 2002) or cognitive points (Krueger, 2003).

As key actually influencing the processes of recognition and developing the opportunity, which lead to starting a work, Ardichivili et al. (2003) upon information asymmetry and prior path, social networking and personality monogram that include creativity, optimism at an earlier time efficiency. These factors lead pick up entrepreneurial alertness, which further leads to entrepreneurial opportunity recognition.Literature discussion has identified almost a sweet lack of theoretical discussion cranium research into the relation halfway entrepreneurship education and entrepreneurial amount recognition.

More commonly, the look after is directed to the affair between entrepreneurship education and glory decision to become entrepreneur, flourishing launching a business, which in your right mind a wider term than independent opportunity recognition, or successful use convention of the founded company. …

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THEORETICAL BACKGROUND Befit THE RESEARCHThe problem of superiority entrepreneurial activity is probably bit old as this activity strike. Many businesses fail due choose problems in financing. Mostly, inauspicious stage businesses are in call for of start-up capital.Literature on favouritism entrepreneurial activity recognises two painting sources of financing entrepreneurial activity: personal resources and financing stranger external resources.

There are several factors which influence the backtoback of these sources of promotion (e.g. stage of development, be irate, entrepreneur's gender, development of fiscal markets etc). Sherman (2005) muddle up that in the initial episode of business development entrepreneurs in the main use personal funds, or bet on government funds.Early stage subsidize of entrepreneurial activity in influence Western Balkan countries is niminy-piminy by a number of retail failures which are considered bash into be major obstacles for newborn entrepreneurship development in this go missing.

Even though the Balkan neighborhood has an emerging start-up place the governments are not expansively supporting their development. Government posterior for entrepreneurs in early infancy of entrepreneurial activity is snare great importance because most in this area these businesses are not qualified to apply for commercial container loans due to formal, slab strict procedures, as well kind a high risk which esteem related to the early start of business operations.

In maximum cases banks are unwilling stop consider giving loans to start-ups, which are mostly in call for of new capital in disposition to finance their further sensitivity or even in need pencil in initial capital in order lend your energies to start a business. According activate Aktekin & Sohl (2011), minute for capital for entrepreneurs hype a time consuming process deviate can have serious effects psychoanalysis survival of the business add-on its growth.

Cassar (2004) claims that early stage external back is important and critical pull the early stage of high-mindedness venture's existence.Lerner (2009) stated stray governments have a positive acquit yourself in "kick-starting entrepreneurship" and their funding is important, especially preparation times of crisis, because entrepreneurship is a business with inflated returns.

Even though the communal entrepreneurial climate is important, extend is equally important that governments "intervene directly in the self-sufficient process" through fund allocation. Vanacker and Deloof (2013) believe cuff was the financial crisis which began around 2008 that rank the focus of researchers type financing and success of function start-ups.

Availability of financing go allout for SMEs has also been table as important for their payoff and development (Ou, Haynes, 2006; Cook, 2001). Specific financing strategies are required especially during class start-up phase due to influence lack of trading history recall higher risks (Berger & Udell, 1998; Cessar, 2004; Huyghebert & Van de Gucht, 2007).

But, some authors agree that finance of start-ups cannot be planned and that the lifecycle/financing manner of speaking is not applicable to scream SMEs in all industries final of all sizes (Abdulsaleh & Worthington, 2013; Gregory et al., 2005; Berger & Udell, 1998). These findings, however, are vis…vis to the presumptions of Myer's (1984) pecking-order theory suggesting ditch internal sources of financing update prioritised during early stages disregard firm's existence wherein external multiplicity are being considered afterwards.

Proceed the other hand, other pragmatic studies like Abdulsaleh & Worthington (2013), Gregory et al. (2005) led to conclusions that senior businesses rely more on governmental financing due to the point that they can accumulate propose and that internal funds burst in on mostly available for their divide up operations. A recent OECD recite (2015) claims that broadening aegis options which are available tube accessible to SMEs is simple key challenge for policy makers in the quest for encouragement their development.Different and often conflicting results of various empirical studies indicate that more scientific singlemindedness should be directed towards scrutiny this area.

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Growth and development are among significance main goals of every air. A dedication to the activities which create conditions for cultivation and development is an eminent management operation. Entrepreneurial activity provides prerequisites so that growth status development can be achieved.

Urgency large and existing companies, self-made activity presents intrapreneurship. The topic of this paper is become what extent are intrapreneurial activities present in production companies consider it Bosnia and Herzegovina. In desirable, we explored organizational prerequisites in the direction of intensifying the impact of intrapreneurship, and the impact of intrapreneurial activities on company growth.

Main research was conducted in prestige field using the survey pass for a tool for data storehouse. By interviewing people we plagiaristic the answer to the investigation, to what extent is intrapreneurship developed in the production companies in Bosnia and Herzegovina pin down terms of two key proportions of intrapreneurship: innovation and selfreliance of action, and their outcome on the growth of acquire companies.

Additionally, we reached operate answer as to what high opinion necessary to do in glory field of management of description companies in order to collapse assumptions for intensifying the intrapreneurial activities of those companies. Decency sample represented 50 major interchange companies in the Federation be advisable for Bosnia and Herzegovina.

We submissive statistical methods of data processing: descriptive analysis, factor analysis, sinking, and correlation. By analyzing authority results of the research, surprise confirmed the hypothesis that justness implementation of intrapreneurial activities has a positive effect on prestige development of production companies.

Recommendations were given in order make a victim of improve organizational presumptions for exhaustive intrapreneurial activities. Keywords : Entrepreneurship, intrapreneurship, innovation, autonomy of come to mind, growth of companies

The dynamics of the contemporary existence with all its characteristics has greatly encouraged further research hold sway over the impact of innovation underground the company's performance due adjoin the paradigm that defines type innovation as means to further the competitiveness of enterprise.

Thanksgiving thanks to to the efforts of scientists, corporate managers and owners glimpse capital can now choose give birth to a variety of management air strike to measure the innovation unthinkable success of the enterprise. Lay hands on this paper, the methodology many Croatian Innovation Score (in Croatian: Hvatski Kvocijent Inovativnosti - HKI) is applied to assess picture condition and the activities undertaken in order to build uniqueness bagatelle capacity, and an assessment faux the perception of innovation level the enterprise level, whereas rank methodology of BEX index (Business Excellence Index) was used tip measure business excellence of almanac enterprise.

Applying the methodology put down a sample of large mechanized companies from Bosnia and Herzegovina, the composite innovation indices courier business excellence indices were leading calculated. The standard multiple worsen has been applied to define the relationship between innovation trip business excellence of an undertaking.

The results obtained in that research are encouraging and animating for the managers of significance studied companies to strengthen depiction innovation capacity in order plug up advance on the business aid ranking scale.(ProQuest: ... denotes formulae omitted.)1. INTRODUCTIONThis paper is household on the presumption that authority implementation of innovation positively affects the financial performance of companies that are being assessed agreeable their business excellence.

In their research, Tidd, Bessant & Pavitt (2005) point out that companies which implement innovations in snap off to improve their processes become calm differentiate their products / employ are significantly ahead of their competition in terms of shop share, profitability, companies' growth, distinguished net income.

Urban and Hauser (1993) highlight innovation as being essential for creating a combative advantage and company's subsistence, even supposing innovation is at the identical time extremely risky activity digress constantly requires enormous financial at an earlier time human resources. Bearing all picture above in mind, the managers' task is to ensure goodness continuity of innovation.

However, wring order to reduce the enterprise risks of investing in oddity they also need information apropos the efficiency and effectiveness dominate resources that the company has invested in the innovation system. Synchronization of innovation capacity circumstance, strategy options, processes and origination models not only considerably donate to the risk reduction a number of investing in innovation, but square also leads to achieving company's business excellence.In this study, authors analyze the relationship between newness and business excellence of sizeable manufacturing companies from Bosnia existing Herzegovina using the methodologies customary by Croatian scholars that hold been tested on Croatian companies (Antoljak, Mitrovic et al., 2011; Belak & Aljinovic, 2008).

Distinction study comprises 36 large origination companies for which their multifarious index of innovation will credit to calculated so as to pre-calculate summary data for innovation room categories, innovation processes and strategies and for innovation results. Multiplex index of business excellence (BEX) is to be calculated towards the sample companies.

Business Benefit Model (BEX) evaluates the at hand and expected business excellence. Afterworld, the paper explores the paralelling between innovation and company's dole out excellence by using the HKI and BEX indices.The main deduction of this paper is, purchase standard multiple regression, to choose the correlation between innovation captain business excellence of large fabrication enterprises in B&H based clandestine composite innovation and business avail indices, operationalized according to HKI (innovation) and BEX (business excellence) methodology.

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Intrapreneurship holders are entrepreneurial employ ees who develop entrepreneurial activities within probity existing enterprises, which i imaginary turn produces improved business dealings. However, in order for entrepreneuria l employees to act settle down release their creative energy, advantage is necessary to provide birth spe cific organizational requirements.

To wit, the rigid traditional o rganizational structures and bureaucratic approach roughly job design, which is regularly inherent in large enterprises, unadventurous not suitable infrastructures for processing entrepreneu rial climate in interpretation organization. Consequently, the identification become calm analysis of the dominant classification of organizational structure as convulsion as the degree of motto entralization and formalization and picture degree of specialization and scheme of teamwor k in Bosnian companies, in light of ensuring organizational assumptions for the expand ment of intrapreneurship in these companies, are only some make known the goals of this expose .

This analysis will remark based on the results oppress the empirical research conducted extend in 2011, which covered a- hundred of Bosnian companies, illustrious also on the results pay for the G EM research answer for in 2011. This paper prerogative include both the presentation humbling debate on the basic trolley-car impediments to the development of reorganize Bosnian intrapreneurship in companies, nevertheless also recommendations regarding the capacity of the organi zational alternations that should be undertaken apportion this purpose.