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  • 1.
    Aghasi, Keivan
    et al.
    KTH, School of Industrial Engineering and Management (ITM), Industrial Economics and Management (Dept.), Entrepreneurship and innovation.
    Brown, Terrence
    KTH, School of Industrial Engineering and Management (ITM), Industrial Economics and Management (Dept.), Entrepreneurship and innovation.
    Rossi-Lamastra, Cristina
    Department of Management, Economics and Industrial Engineering, Politecnico di Milano.
    The role of top managers in M&A: Reviewing thirty years of literature and setting directions for future researchManuscript (preprint) (Other academic)
    Abstract [en]

    The present paper reviews the literature on the role of top management teams (TMT) in mergers and acquisitions (M&A). Given variety of theoretical lenses applied in this field - such as agency theory or upper echelon – and the plethora of on-going empirical studies in the last three decades, we believe this literature review has a crucial value for the existing strand of studies and future studies to come. In particular, it systematizes the extant knowledge by documenting the contradictory results of prior empirical studies, making argument on the sources of these contradictions, and pointing out future directions of research.

  • 2.
    Brown, Terrence
    KTH, School of Industrial Engineering and Management (ITM), Industrial Economics and Management (Dept.). Luleå University of Technology, Sweden.
    Sensor-based entrepreneurship: A framework for developing new products and services2017In: Business Horizons, ISSN 0007-6813, E-ISSN 1873-6068, Vol. 60, no 6, p. 819-830Article in journal (Refereed)
    Abstract [en]

    As the Internet of Things (IoT) begins to dominate the technology landscape, there will be new products and services that will become technically and financially feasible. Internet technologies and advancements in social interac- tion tools have led to an increase in the use of the crowd as a provider of business solutions. Yet, we have seen a mere fraction of the possibilities of crowdsourcing technologies. This is because most of the development, discussion, and research around crowdsourcing has focused on active-input crowdsourcing. However, the real transformative pressure will come from passive sources of data generated primarily by developing and growing sensor technologies. This next generation of crowdsour- cing will be a game changer for entrepreneurial opportunities. As crowdsourcing systems proliferate, more input will be acquired from sensors, artificial intelligence, bots, and other devices. As a result of this explosion, the variety of product and service opportunities will swell as entrepreneurs become more aware of technologies merging–—such as the combination of crowdsourcing, sensors, and big data into a new type of entrepreneurship: sensor-based entrepreneurship. The purpose of this research is to contribute by (1) clarifying the next generation of crowdsourcing and (2) developing and presenting a framework to help sensor-based entrepreneurs plan, develop, and map their new products and services.

  • 3.
    Brown, Terrence
    et al.
    KTH, School of Industrial Engineering and Management (ITM), Industrial Economics and Management (Dept.). Luleå University of Technology, Luleå, Sweden.
    Boon, Edward
    Pitt, Leyland
    Seeking funding in order to sell: Crowdfunding as a marketing tool2017In: Business Horizons, ISSN 0007-6813, E-ISSN 1873-6068, Vol. 60, no 2, p. 189-195Article in journal (Refereed)
    Abstract [en]

    Websites such as Indiegogo and Kickstarter have attracted much attention for their ability to enable organizations and individuals to raise funds from ordinary people who contribute for a number of reasons. This phenomenon is called crowd- funding. Crowdfunding permits organizations and individuals to obtain investments they otherwise might not receive from more traditional sources such as banks, angel investors, and stock markets. A number of now well-known startups had their origins in crowdfunding. More recently, established organizations have begun to use crowd- funding websites not only as a source of finance, but also as marketing platforms. In this way, they have been able to ensure a ready market for their new offerings, with full sales pipelines, and to use the platforms as vehicles to boost brand image and gain support for brand-related causes. This adaptation of crowdfunding for marketing purposes is not without its problems, however, and organizations would be well advised to consider not only the opportunities these platforms provide, but also their limitations

  • 4.
    Brown, Terrence
    et al.
    Scandinavian International Management Institute.
    Kraus, Sascha
    Universität Liechtenstein.
    Entrepreneurial venturing as the process of opportunity, growth and value creation2009In: International Journal of Entrepreneurial Venturing, ISSN 1742-5360, E-ISSN 1742-5379, Vol. 1, no 1, p. 1-4Article in journal (Other academic)
  • 5.
    Brown, Terrence
    et al.
    KTH, School of Industrial Engineering and Management (ITM), Industrial Economics and Management (Dept.), Business Development and Entrepreneurship.
    Kraus, Sascha
    Universität Liechtenstein.
    Why are gaps important to the opportunity development process?2010In: International Journal of Entrepreneurial Venturing, ISSN 1742-5360, E-ISSN 1742-5379, Vol. 1, no 3, p. 349-351Article in journal (Other academic)
  • 6.
    Christian, Eliasson
    et al.
    Jönköping International Business School.
    Brown, Terrence
    KTH, Superseded Departments, Industrial Economics and Management.
    Exploring the difference between the entrepreneurial orientation scale and the entrepreneurial management scale as predictor of performance2004Conference paper (Refereed)
  • 7.
    Christian, Eliasson
    et al.
    Jönköping International Business School.
    Brown, Terrence
    KTH, Superseded Departments, Industrial Economics and Management.
    Knowledge-based resources, entrepreneurial management and firm performance2004Conference paper (Refereed)
  • 8. Dahlhammar, Tobias
    et al.
    Brown, Terrence
    KTH, School of Industrial Engineering and Management (ITM), Industrial Economics and Management (Dept.), Business Development and Entrepreneurship.
    Industrial effects on resource acquisition: Immigrant enterprises in kista, stockholm2011In: New directions in regional development: The role for entrepreneruship theory, methods, practice and policy / [ed] Sameeksha Desai, Peter Nijkamp, and Roger R. Stough, UK: Edward Elgar Publishing, 2011Chapter in book (Refereed)
  • 9. Dahlhammar, Tobias
    et al.
    Brown, Terrence
    KTH, School of Information and Communication Technology (ICT), Communication: Services and Infrastucture, Telecommunication Systems Laboratory, TSLab.
    Voices of entrepreneurship and small business immigrant enterprises in kista, stockholm2005In: Innovation and entrepreneurship in functional regions / [ed] Iréne Johansson, Trollhättan: University West , 2005Conference paper (Refereed)
  • 10.
    Nungu, Amos
    et al.
    KTH, School of Information and Communication Technology (ICT), Communication: Services and Infrastucture, Telecommunication Systems Laboratory, TSLab.
    Brown, Terrence
    KTH, School of Industrial Engineering and Management (ITM).
    Pehrson, Björn
    KTH, School of Information and Communication Technology (ICT), Communication: Services and Infrastucture, Telecommunication Systems Laboratory, TSLab.
    Business Model for Developing World Municipal Broadband Network - A Case Study2011In: Global Information Infrastructure Symposium (GIIS), 2011, Da Nang, Vietnam: IEEE , 2011, p. 1-7Conference paper (Refereed)
    Abstract [en]

    A viable business model is key for the financial andoperational sustainability of community broadband network. Us-ing the public-private-partnership approach, stakeholder analysisand the business model canvas tool, we demonstrate a businessmodel that can guarantee financial and operational sustainabilityof community networks in rural developing regions. The businessmodel has been validated in a local broadband communicationnetwork built in rural Tanzania.

  • 11.
    Nungu, Amos
    et al.
    KTH, School of Information and Communication Technology (ICT), Communication: Services and Infrastucture (Closed 20120101), Telecommunication Systems Laboratory, TSLab (closed 2012-01-01).
    Brown, Terrence
    KTH, School of Industrial Engineering and Management (ITM).
    Pehrson, Björn
    KTH, School of Information and Communication Technology (ICT), Communication: Services and Infrastucture (Closed 20120101), Telecommunication Systems Laboratory, TSLab (closed 2012-01-01).
    Challenges in Sustaining Municipal Broadband Networks in the Developing World2011In: E-TECHNOLOGIES AND NETWORKS FOR DEVELOPMENT, Verlag Berlin Heidelberg: Springer , 2011, Vol. 171, p. 26-40Conference paper (Refereed)
    Abstract [en]

    Municipal or community networks seem to be a constructivefirst step in the process of establishing sustainable broadband networksin areas where the demand for broadband communication services islarger than the supply. Besides meeting the acute demand, one purposeis to stimulate the market by demonstrating connectivity feasibility, toreduce the risks involved for commercial actors. One of the keys to thesustainability and scalability of such networks is a well designed andmanaged institutional framework based on the local prerequisites.In this paper, we report on our experience from the establishment ofthe Serengeti Broadband Network in Northern Tanzania. We have beenusing a public-private partnership approach to create a not-for-profitorganization to manage and operate a network first deployed as a researchand education effort. We present and discuss our approach, comparingand contrasting to other approaches found in the literature. We concludethat success requires local ownership. Thus, the institutional frameworkshould aim at creating local commitment and leadership.

  • 12.
    Ramirez-Portilla, Andres
    et al.
    KTH, School of Industrial Engineering and Management (ITM), Industrial Economics and Management (Dept.), Entrepreneurship and innovation. Politecnico di Milano.
    Brown, Terrence
    KTH, School of Industrial Engineering and Management (ITM), Industrial Economics and Management (Dept.), Entrepreneurship and innovation.
    Cagno, Enrico
    Politecnico di Milano.
    Open Innovation in the Automotive Industry: What can carmakers' annual reports tell us?2014In: Proceedings of the 8th International Conference on Industrial Engineering and Industrial Management - CIO-ICIEOM-IIIE, Malaga (Spain), 23rd – 25th July 2014, 2014Conference paper (Refereed)
    Abstract [en]

    Recent research shows the adoption of open and collaborative innovation in the car industry suggesting these practices could be applied in other mature industries. However, researchers have studied the car industry mostly through case studies showing the relevance of innovation practices mainly from their viewpoint and less from the firm’s perception. Thus, the purpose of this study is twofold: (1) to confirm the application and the weight that carmakers give to Open Innovation concepts and, (2) to extend the methods and data sources used to study Open Innovation. Based on a conceptual content analysis of the annual reports from 2005 to 2012 from ten large carmakers, this cross-sectional study shows that all the selected firms have included assertions closely related to openness and collaboration in innovation. Concepts related to inbound Open Innovation appear in greater extent than outbound concepts, but there is no clear evidence of the aggregated value of both groups of concepts on firm performance. The results of this research support the idea that in last years open and collaborative innovation in carmakers has genuinely increased in practice and not only on the researchers attention.

  • 13.
    Ramirez-Portilla, Andres
    et al.
    KTH, School of Industrial Engineering and Management (ITM), Industrial Economics and Management (Dept.), Entrepreneurship and innovation.
    Brown, Terrence
    KTH, School of Industrial Engineering and Management (ITM), Industrial Economics and Management (Dept.), Entrepreneurship and innovation.
    Cagno, Enrico
    Unravelling the integration mechanisms in open innovation projects: the case of interorganizational networks2015In: Journal of Global Strategic Management, ISSN 2042-5805, Vol. 8, no 2, p. 82-95Article in journal (Refereed)
  • 14.
    Ramirez-Portilla, Andres
    et al.
    KTH, School of Industrial Engineering and Management (ITM), Industrial Economics and Management (Dept.), Entrepreneurship and innovation. Politecnico di Milano.
    Brown, Terrence
    KTH, School of Industrial Engineering and Management (ITM), Industrial Economics and Management (Dept.), Entrepreneurship and innovation.
    Cagno, Enrico
    Politecnico di Milano.
    Trianni, Andrea
    Politecnico di Milano.
    Can Open Innovation practices leverage Industrial Energy Efficiency Performance?2013In: Proceedings of the 6th ISPIM Innovation Symposium – Innovation in the Asian Century, International society for professional innovation management , 2013Conference paper (Other academic)
    Abstract [en]

    Promotion on energy efficiency and innovation is in the agenda of many countries as seen in Europe 2020 strategy. Although these two concepts have been addressed extensively in theory and practice, so far there has been little discussion about connecting their research streams. This paper proposes to close this gap and explores whether a novel approach to foster industrial energy efficiency in SMEs may include adopting Open Innovation. To evaluate the possible influence of open innovation practices on energy efficiency we consider a significant sample of SMEs in energy-intensive industries such as foundries. To measure both concepts we use a mix of scales taken from literature and practice from both fields. We expect to find similar results as seen in our pilot case studies, such as a higher number of inbound practices that reduce technology-related barriers to energy efficiency, as well as, different adoption rates of energy-efficient technologies by commodity.

  • 15.
    Ramirez-Portilla, Andres
    et al.
    KTH, School of Industrial Engineering and Management (ITM), Industrial Economics and Management (Dept.), Entrepreneurship and innovation. Politecnico di Milano.
    Cagno, Enrico
    Politecnico di Milano.
    Brown, Terrence
    KTH, School of Industrial Engineering and Management (ITM), Industrial Economics and Management (Dept.), Entrepreneurship and innovation.
    Open Innovation in Specialized SMEs: The Case of SupercarsManuscript (preprint) (Other academic)
    Abstract [en]

    Purpose – The purpose of this paper is to explore the influence that adopting open innovation (OI) has on the innovativeness and performance of specialized small and medium-sized enterprises (SMEs). This paper also examines the adoption of OI within a firm’s practices and models, and within the three dimensions of firm sustainability.

    Design/methodology/approach – Survey data from 48 specialized SMEs manufacturing supercars were analyzed using partial least squares structural equation modeling (PLS-SEM). SmartPLS software was used to conduct a path analysis and test the proposed framework.

    Findings – The findings suggest that high adoption of OI models (OIM) tends to increase firm innovativeness (INNO). Similarly, the adoption of OI practices (OIP) has a positive effect on INNO but to a lesser extent than OIM. The moderation results of INNO further show that OIM and OIP can benefit the firm performance (FP) of SMEs. Specifically, two dimensions of FP – environmental and social performance – were found to be greatly influenced by OI.

    Research limitations/implications – Due to parsimony in the investigated model, this study only focuses on OI adoption as practices and models without considering its drivers or other contingency factors.

    Practical implications – This paper could help practitioners in SMEs better understand the benefits of adopting OI to be more innovative but also more sustainable.

    Originality/value – This study contributes to the literature on the role of OI practices and models regarding the dimensions of firm sustainability performance by being the first paper to investigate this relationship in the context of small and medium manufacturers of supercars. 

  • 16.
    Ramirez-Portilla, Andres
    et al.
    KTH, School of Industrial Engineering and Management (ITM), Industrial Economics and Management (Dept.), Entrepreneurship and innovation. Politecnico di Milano.
    Cagno, Enrico
    Politecnico di Milano.
    Brown, Terrence
    KTH, School of Industrial Engineering and Management (ITM), Industrial Economics and Management (Dept.), Entrepreneurship and innovation.
    Prácticas de innovación abierta en PYMEs: El caso del auto superdeportivo mexicano VUHL2014In: Proceedings of the IV Simposio Becarios CONACyT en Europa, Strasbourg (France), 5-7th November 2014, 2014Conference paper (Other academic)
    Abstract [es]

    Es bien sabido que la innovación impulsa el desarrollo de las organizaciones de diferentes tamaños e industrias. Mientras para las grandes empresas es relativamente fácil innovar debido a sus recursos, en el caso de las pequeñas y medianas empresas (PYMEs) el escenario es más complicado. Sin embargo, existen modelos para gestionar la innovación que han probado ser útiles para apoyar a varios tipos de empresas. La Innovación Abierta (Open Innovation) es uno de estos modelos que ha atraído la atención en los últimos años debido a que ha podido integrar modelos anteriores para gestionar la innovación junto con las prácticas que utilizan las organizaciones hoy en día. En general,  la aplicación y las ventajas de la Innovación Abierta se evidencian con casos de sectores emergentes de alta tecnología y de empresas multinacionales establecidas en países desarrollados, mermando su aplicabilidad en otro tipo de contextos. Esta desproporción aunada a la falta de comprensión de cómo aplicar la Innovación Abierta, es probablemente la causa de que varias empresas no la vean como una forma factible para mejorar su proceso de innovación. Por lo tanto, el propósito de este trabajo es describir algunas de las prácticas relacionadas con la Innovación Abierta que podrían ser utilizadas por los emprendedores y las PYMEs para innovar sus productos y comercializar sus ideas. Para lograr esto presentamos el estudio de caso de VUHL, un auto súper deportivo mexicano, creado por una PYME que ha sabido aprovechar varias de las prácticas de Innovación Abierta para crear un producto atractivo con altos niveles de innovación y tecnología. El caso demuestra como al utilizar este tipo de prácticas, las PYMEs pueden superar obstáculos relacionados con la falta de recursos, conocimientos, y experiencia. Así mismo, estas prácticas pueden ayudar a crear vínculos con diferentes actores en la sociedad, a nivel nacional e internacional, en los cuales se obtienen beneficios mutuos. Se concluye que las PYMEs, incluso en industrias maduras como la automotriz, podrían usar la Innovación Abierta como una estrategia competitiva adecuada para crear y comercializar productos innovadores y exitosos.

  • 17.
    Ramirez-Portilla, Andres
    et al.
    KTH, School of Industrial Engineering and Management (ITM), Industrial Economics and Management (Dept.).
    Cagno, Enrico
    Brown, Terrence E.
    KTH, School of Industrial Engineering and Management (ITM), Industrial Economics and Management (Dept.).
    Open innovation in specialized SMEs: the case of supercars2017In: Business Process Management Journal, ISSN 1463-7154, E-ISSN 1758-4116, Vol. 23, no 6, p. 1167-1195Article in journal (Refereed)
    Abstract [en]

    Purpose - The purpose of this paper is to explore the influence that adopting open innovation (OI) has on the innovativeness and performance of specialized small and medium-sized enterprises (SMEs). This paper also examines the adoption of OI within a firm's practices and models, and within the three dimensions of firm sustainability. Design/methodology/approach - Survey data from 48 specialized SMEs manufacturing supercars were analyzed using partial least squares structural equation modeling. SmartPLS software was used to conduct a path analysis and test the proposed framework. Findings - The findings suggest that high adoption of OI models tends to increase firm innovativeness. Similarly, the adoption of OI practices has a positive effect on innovativeness but to a lesser extent than OI models. The moderation results of innovativeness further show that OI models and practices can benefit the performance of SMEs. Specifically, two dimensions of performance - environmental and social performance - were found to be greatly influenced by OI. Research limitations/implications - Due to parsimony in the investigated model, this study only focuses on OI adoption as practices and models without considering its drivers or other contingency factors. Practical implications - This paper could help practitioners in SMEs better understand the benefits of adopting OI to be more innovative but also more sustainable. Originality/value - This study contributes to the literature on the role of OI practices and models regarding the dimensions of firm sustainability performance by being the first paper to investigate this relationship in the context of small and medium manufacturers of supercars.

  • 18.
    Temiz, Serdar
    et al.
    KTH, School of Industrial Engineering and Management (ITM), Industrial Economics and Management (Dept.).
    Brown, Terrence
    KTH, School of Industrial Engineering and Management (ITM), Industrial Economics and Management (Dept.), Industrial Marketing and Entrepreneurship. Luleå Institute of Technology, Sweden.
    Open data project for e-government: Case study of Stockholm open data project2017In: International Journal of Electronic Governance, ISSN 1742-7509, E-ISSN 1742-7517, Vol. 9, no 1-2, p. 55-84Article in journal (Refereed)
    Abstract [en]

    The aim of research is to explore the open data phenomenon using the city as the level of analysis. We used Kassen's (2013) local level framework as a base but adopt it to Europe, expand and elaborate Kassen's discussion of local open data initiatives using the Stockholm open data platform. The Stockholm open data project is evaluated from three perspectives: legal, political and economic environments. Open data activities are further evaluated in terms of the main features of open data defined by the Open Knowledge Foundation (2015) including: availability and access, reuse and redistribution, and universal participation. The impact of opening the data is evaluated against the three common reasons described by Open Knowledge (2015): transparency, releasing social and commercial value, and participation and engagement. We found that projects promoting open data initiatives, are more similar to 'closed' platforms that provides APIs.

  • 19.
    Thorén, Kent
    et al.
    KTH, Superseded Departments, Industrial Economics and Management.
    Brown, Terrence
    KTH, Superseded Departments, Industrial Economics and Management.
    Development of management control systems in fast-growing small firms2004Conference paper (Refereed)
  • 20.
    Thorén, Kent
    et al.
    KTH, Superseded Departments, Industrial Economics and Management.
    Brown, Terrence
    KTH, Superseded Departments, Industrial Economics and Management.
    Die entwicklung von managementkontrollsystemen in einer rasch wachsenden kleinfirma2004In: Zeitschrift für Klein -und Mittelunternehmen, ISSN 0020-9481, Vol. 52, no 4, p. 251-276Article in journal (Refereed)
    Abstract [de]

    Bei der Entwicklung von Wachstumfirmen zeigt sich eine bedeutende Formalisierung von Strukturen, Prozessen und Systemen. Unter Verwendung eines "Lever-of-Control"-Frameworks untersucht der vorliegende Beitrag in eime Wachstumunternehmen über den Zeitraum von 4 Jahren, welche Kontrollmechanismen wann und warum eingeführt wurden. Bei der Untersuchung der Voraussetzungen des Wechsels der Systeme wurden sowohl Interviews wie auch Beobachtungen eingesetzt, um das Zusammenspiel zwischen Wachstum und Kontrolle darzustellen.Die Ergebnisse unterstreichen die Bedeutung, zwischen verschiedenen Wachstumsmassnahmen zu unterscheiden, nachdem das Wachtum vielfältigen Einfluss auf die zeitliche Entwicklung aufweist. Diagnostische Kontrollen wurden vorwiegend eingesetzt, um das Wachstum zu steuern und die Risiken zu vermindern. Der Einsatz von Systemen zur Integration hing vom Wachstum im Bereich der Mitarbeiteranzahl ab. Die Implikationen zeigen, dass interaktive Kontrollen nicht nur von innovativen Firmen eingesetzt werden können, wie zuerst angenommen.

  • 21.
    Thorén, Kent
    et al.
    KTH, School of Industrial Engineering and Management (ITM), Industrial Economics and Management (Dept.).
    Brown, Terrence
    KTH, School of Information and Communication Technology (ICT), Communication: Services and Infrastucture, Telecommunication Systems Laboratory, TSLab.
    Ramfelt, Lena
    KTH, School of Information and Communication Technology (ICT), Communication: Services and Infrastucture, Telecommunication Systems Laboratory, TSLab.
    The multifaceted influence of growth on the use of administrative mechanisms for growth-strategy realization2005In: Silicon Valley Review of Global Entrepreneurship / [ed] Zhan Li, Roger Chen and Mark Cannice, 2005, p. 146-156Conference paper (Refereed)
  • 22.
    Vendel, Martin
    et al.
    KTH, School of Industrial Engineering and Management (ITM), Industrial Economics and Management (Dept.), Business Development and Entrepreneurship.
    Blomgren, Henrik
    KTH, School of Industrial Engineering and Management (ITM), Industrial Economics and Management (Dept.), Industrial marketing. KTH, School of Industrial Engineering and Management (ITM), Industrial Economics and Management (Dept.), Business Development and Entrepreneurship.
    Brown, Terrence
    KTH, School of Industrial Engineering and Management (ITM), Industrial Economics and Management (Dept.), Business Development and Entrepreneurship.
    Giertz, Eric
    KTH, School of Industrial Engineering and Management (ITM), Industrial Economics and Management (Dept.), Business Development and Entrepreneurship.
    CLARIFYING THE DIFFERENT MODELS FOR BUSINESS SUCCESS EMBEDDED WITHIN ENTREPRENEURSHIP EDUCATION2012In: 57th ICSB World Conference, Full Papers, 2012, p. 710-723Conference paper (Refereed)
    Abstract [en]

    Entrepreneurship courses given at 10 Scandinavian universities are categorized based on their embedded educational perspective. Our research question is - How well is the education positioned to foster creators of sustainable businesses?

    Two educational perspectives are identified: “idea looking for business” and “business looking for ideas”. The first is build around commercializing and finding a market for an individual’s own idea or invention. The second focus on capitalizing on predicted market opportunities by exploiting any idea. The results reveal that entrepreneurs more often utilize the approach “business looking for ideas”, while courses given predominantly hold the perspective of “idea looking for business”.

    These conclusions indicate that entrepreneurial education needs to be clearer on perspectives used concerning models for successful entrepreneurship. Recognizing and communicating the approaches will further help refining the educational content, as well as establishing a basis for a better description of targeted students and the expected outcome.

1 - 22 of 22
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