Article by Maciel M. Queiroz, Samuel Fosso Wamba, Rakesh D. Raut, Ilias O. PappasPublised in British Journal of Management
Business models for sustainability (BMfS) enable organizations to create social and environmental value for a wide variety of stakeholders. As BMfS are new for well-established industries, their implementation requires deep organizational change to overcome path dependencies of existing business models. In this article, we present a framework which outlines the organizational change process involved in BMfS development. The framework shows that organizations can experiment with novel configurations of value, resources, and transactions, and follow discursive and cognitive pathways to enable BMfS legitimization and implementation. Although the value, resources, and transactions levers can be used either separately or in concert, discursive and cognitive pathways are most powerful when pursued together. We use our framework to highlight the contributions of the articles in the special issue and to propose new directions for BMfS research. We argue that future research should investigate the impacts of BMfS on the sustainability challenges they seek to address.
Article by C. THEODORAKI, D. B. AUDRETSCH, D. CHABAUDPublised in Review of Entrepreneurship
Over the past 15 years the literature on entrepreneurial ecosystems has emerged as important and compelling. This article reviews the literature at the intersection of entrepreneurial ecosystems and place in order to identify what is known and what is not known about the role of place in entrepreneurial ecosystems. This article sheds light on the definitions, methodologies, typologies, challenging and crisis contexts prevalent in the entrepreneurial ecosystem literature. It then introduces the six papers selected for the special issue and synthesizes their contribution with regards to future directions of entrepreneurial ecosystem research. This article concludes by highlighting the advances, gaps, and research directions towards a better understanding of the importance of research linking entrepreneurial ecosystems to place.
Article by J. PINKSE, F. LÜDEKE-FREUND, O. LAASCH, Y. SNIHUR, R. BOHNSACKPublised in Organization and Environment
Article by F. DERRIEN, A. GAREL, A. ROMEC, J.-P. WEISSKOPFPublised in Journal of Financial and Quantitative Analysis
We explore the effects of online customer ratings on financial policy. Using a large sample of Parisian restaurants, we find a positive and economically significant relationship between customer ratings and restaurant debt. We use the locally exogenous variations in customer ratings resulting from the rounding of scores in regression discontinuity tests to establish causality. Favorable online ratings reduce cash flow risk and increase resilience to demand shocks. Consistent with the view that good online ratings increase the debt capacity of restaurants and their growth opportunities, restaurants with good ratings use their extra debt to invest in tangible assets.
Article by C. LEYRONAS, S. LOUPPublised in Journal of Knowledge Management
Understanding the value of creation processes for entrepreneurs in an entrepreneurial ecosystem remains a significant challenge. Entering the black box of the ecosystem and adopting the entrepreneur’s perspective is thus essential The Resource-Based framework combined with a multi-level analysis allows for the identification and analysis of value based on the entrepreneur’s interactions with their ecosystem and other companies within it, in terms of both resources and capabilities.
Article by B. LEE, S. MISRA, C. HAONPublised in Journal of the Academy of Marketing Science
Although fostering innovativeness has long been one of the most important concerns for marketing theory and practice, CEOs continue to identify the lack of an innovation culture as one of the main obstacles they must overcome. Corporate culture permeates from the top of the corporate hierarchy. Therefore, the role of the corporate board can be critical for nurturing an innovation culture and thus stimulating innovativeness inputs. As marketing training and orientation emphasize innovation to create customer value and drive growth, marketing-experienced board members (MEBMs) can be particularly instrumental in fostering innovativeness inputs through their direction and counseling. Therefore, in this paper, we investigate whether the marketing expertise and information brought by MEBMs contribute to firm innovativeness inputs. Furthermore, based on the governance literature, we identify three specific CEO job characteristics that influence a CEO’s information processing capacity and ability to implement strategies based on that information, thus enhancing MEBMs’ effectiveness in fostering innovativeness. Analysis of a large representative dataset reveals that marketing expertise brought by MEBMs increases firm innovativeness inputs and that CEO risk-taking incentives, insider CEO, and CEO duality enhance MEBMs’ effectiveness in fostering innovativeness inputs. The results highlight the value of having marketers on the corporate board and the importance of their counsel to CEOs.
Article by C. CANTA, A. NILSEN, S. A. ULSAKERPublised in Journal of Empirical Finance
This paper studies empirically the relationship between competition and risk taking in banking markets. We exploit an unique dataset providing information about all bank loans to Norwegian firms over several years. Rather than relying on observed market shares, we use the distance between bank branches and firms to measure the competitiveness of local markets. The cross-sectional and longitudinal variation in competition in local markets are used to identify the relationship between competition and risk taking, which we measure by the non-performing loans and loss provision rates of the individual banks. We find that more competition leads to more risk taking. We also examine the effects of bank competition on the availability of loans. More competition leads to lower interest rates and higher loan volumes, but also makes it more difficult for small and newly established firms to obtain a loan.
This article is dedicated to unpacking the journey of studying international business with TBS Education, aiming to offer clarity, answer your inquiries, and spark curiosity about the transformative potential of an international business degree. From the importance of international studies in today’s interconnected world to the multitude of career opportunities that a Master’s degree in international business can unlock, we’ll explore it all.
We will delve into why TBS Education, with its unique curriculum and commitment to holistic learning, is an ideal choice for your academic journey. You’ll get a detailed overview of our comprehensive and balanced curriculum that seamlessly integrates theory and practical learning experiences.
In the end, we hope this article serves as your roadmap, helping you make an informed decision about your future. So, whether you’re a prospective student considering a future in the global business landscape or a curious reader, we invite you to join us on this enlightening journey.
In the increasingly interconnected world of today, international studies have gained paramount importance. With global businesses transcending borders and cultures, having an education that reflects this dynamic landscape is crucial.
By studying international business, students acquire an understanding of the complex relations between nations and corporations, learn about foreign policies, economic trends, and international marketing strategies. Thus, we, at TBS Education, stress on the importance of global awareness and understanding in business.International studies are a fundamental component of a comprehensive business education, offering several essential benefits:
Global Perspective: Students gain a broad worldview, understanding how business functions on a global scale, and how different economies influence one another.
Intercultural Skills: Through exposure to different cultures and business practices, students develop the ability to work effectively with diverse teams and adapt to various cultural environments.
Understanding of International Policies and Economics: International business studies offer in-depth knowledge of international trade laws, global financial systems, and economic trends that impact business decisions.
Strategic Thinking: Students learn to make strategic decisions, considering the complexities and dynamics of global markets.
Career Flexibility: Armed with international business knowledge, graduates have the flexibility to work in various sectors across different geographical locations.
At TBS Education, we see these benefits as integral to shaping future business leaders who can navigate and thrive in the complex global business ecosystem.
Selecting a suitable academic institution is a pivotal step in every student’s journey, and TBS Education offers compelling reasons to make it your choice for a Master’s in International Business.
TBS Education is recognized globally for its commitment to excellence in business education, underlined by our prestigious AACSB accreditation, a testament to our high-quality curriculum and teaching standards.
Our Master’s in International Business program stands apart with its innovative, balanced blend of theoretical learning and real-world experience. It covers crucial areas such as international business management, global marketing strategies, and economic analysis, all taught by experienced educators who are experts in their field.
Our program emphasizes global awareness, providing students with opportunities for international exchange and internships, as well as multi-cultural classroom experiences that reflect the diverse business world.
Our students gain access to our vast network of alumni and international business contacts, which can open doors to career opportunities and collaborations worldwide.
At TBS Education, we are dedicated to our students’ success. From personalized academic advising to career services, we provide comprehensive support to ensure our students thrive during their studies and beyond.
TBS Education’s Master of International Business offers a unique blend of comprehensive education, international exposure, and strong professional networks, making it a top choice for aspiring global business leaders.
Our curriculum at TBS Education stands distinctively, a testament to our commitment to producing top-tier international business professionals. The Master of International Business program we offer dives deep into the intricate world of international business, balancing academic theory and practical application. Key areas of study include International Business Management, Global Marketing Strategies, and Economic Analysis.
We also provide a strong focus on fostering intercultural competencies and understanding, which are vital for successful navigation in the global business arena. Our blend of traditional classroom learning and experiential learning methods, such as case studies and internships, ensure our students are ready to tackle real-world challenges.
This integrated approach gives TBS Education graduates an edge, equipping them with a comprehensive understanding of international business and the hands-on experience to implement their knowledge effectively.
Investing in a master’s degree in international business can open a plethora of opportunities for students. From working with multinational corporations, government agencies, to non-profit organizations, the possibilities are vast and rewarding.
The door to numerous career paths swings open with a master’s degree in International Business. TBS Education equips its students with the knowledge and skills to excel in various roles, such as:
Overseeing the import/export process, managing regulations, and navigating customs duties.
Crafting effective marketing strategies that cater to the tastes, preferences, and expectations of different international markets.
Identifying and capitalizing on growth opportunities in foreign markets to drive a company’s global expansion.
Ensuring the smooth and efficient delivery of goods and services across different countries, managing global suppliers, and optimizing international logistics.
Providing advice to companies seeking to expand or improve their business practices on an international scale.
In addition to these roles, graduates may also find opportunities in government agencies and non-profit organizations that operate internationally. At TBS Education, we are proud to prepare our students for a diverse array of sectors within the global marketplace.
Navigating the dynamic and intricate realm of contemporary business calls for a distinctive set of skills. These abilities should not only provide a robust foundation but also confer adaptability, allowing individuals to not just withstand but thrive amidst uncertainty.
At the core of this set of capabilities lies the TBS Education Bachelor in Management (BiM) program. This course is purposefully designed to instill in students five essential skills that are critical for achieving success in the current corporate world.
One of the foundational skills the TBS Education Bachelor in Management (BiM) program cultivates is strategic thinking and decision-making.It’s not just about understanding the ins and outs of a company, but about mastering the art of assessing multifaceted business scenarios. This program enables students to delve into the heart of complex situations, unraveling the different layers to fully comprehend their implications and potential trajectories.
Using a blend of theoretical knowledge and practical applications, the curriculum teaches students to interpret market trends, evaluate competitive forces, and consider the broader macroeconomic landscape. The course modules incorporate tools such as SWOT (Strengths, Weaknesses, Opportunities, Threats) analysis, Porter’s Five Forces, and the Boston Consulting Group matrix, among others. These tools foster an environment of critical and analytical thinking, driving students to forecast the potential impacts of their decisions, aligning them with their strategic objectives.
The skills students gain here are not isolated to specific industries or roles. They become adept at thinking holistically, seeing the bigger picture, and making decisions that drive long-term value and sustainable growth, whether it’s in finance, marketing, operations, or any other business domain. This approach ensures that upon graduation, students are well-prepared to take on leadership roles and make significant contributions in a range of settings.
Leadership transcends mere authority – it involves inspiring others and fostering teamwork. The TBS Education Bachelor in Management (BiM) curriculum accentuates this principle, transforming students into leaders who can efficiently steer teams and foster organizational success.
Through collaborative projects and leadership workshops, you will hone your skills in motivating peers, delegating tasks effectively, and handling team dynamics. These competencies distinguish you in the competitive corporate domain.
The modern business environment is one of constant change and adaptation, where a static approach can often lead to stagnation. Therefore, the ability to innovate and think entrepreneurially is not just an advantage, it is a vital necessity.The TBS Education Bachelor in Management (BiM) fully recognizes this, placing a significant emphasis on fostering a mindset of innovation and entrepreneurship among its students.
Students are encouraged to think outside the box and view existing problems from fresh, creative perspectives. The curriculum introduces them to real-world scenarios where they learn to identify potential gaps in the market or inefficiencies in processes. Guided by faculty with extensive business and entrepreneurial backgrounds, students explore how novel solutions can be developed to address these issues.
Furthermore, practical entrepreneurial thinking is developed through hands-on exercises and projects. This includes creating and developing business plans for innovative products or services, building prototypes, and even conducting market testing. Students learn how to pivot their ideas based on feedback, reinforcing the concept of iteration and resilience, critical aspects of entrepreneurship.
Financial acumen – an understanding of finance that extends beyond just the basics – is a crucial skill for any business leader, and it’s a key area of focus in the TBS Education Bachelor in Management program (BiM). The program ensures students develop an in-depth understanding of financial principles, analytics, and their practical application within various business contexts.
From the initial stages of the program, students are introduced to fundamental financial concepts such as balance sheets, income statements, and cash flow analyses. They are taught to interpret and analyze these financial statements, gaining the ability to assess a company’s fiscal health and understand the implications of their management decisions.
To further deepen their financial understanding, students are taught advanced topics such as capital budgeting, risk management, and investment decision-making. These lessons involve real-world scenarios where students must apply their theoretical knowledge to solve complex financial problems. They are also exposed to financial modeling and forecasting, giving them a taste of strategic financial planning.
Moreover, the program goes beyond technical skills, teaching students the significance of financial reasoning in decision-making. They learn how to integrate financial information with other business considerations to make holistic and effective decisions, thus developing their financial intuition.
With increasing globalization, cultural awareness and understanding have become paramount for effective management. Leveraging its diverse student population and international exchange opportunities, the TBS Education Bachelor in Management (BiM) program creates an environment that augments your global and cultural comprehension. You will gain firsthand exposure to distinct cultures, business practices, and market dynamics, preparing you to maneuver and thrive in an international business environment.
To sum up, the TBS Education Bachelor in Management (BiM) transcends conventional confines of management education. It fosters a multitude of skills that enable students to lead, innovate, and create a significant impact in their chosen fields. The program’s all-encompassing approach to management education, integrating core business principles with vital soft skills, produces graduates who are proficient in business fundamentals as well as problem-solving, teamwork, and strategic thinking.
In conclusion, this Bachelor in Management program offers a comprehensive and well-rounded education that nurtures five critical skills: strategic thinking and decision-making, leadership and teamwork, innovation and entrepreneurial thinking, financial acumen, and global and cultural awareness. These skills equip graduates to excel in the dynamic business world, paving the way for long-term success and making them indispensable assets in any organization.
Interested to know more about this program? Join us there!
Article by Arthur ROMECPublised in International Review of Financial Analysis
This paper examines the influence of stakeholder orientation on the design of managerial incentives. Our tests exploit the quasi-natural experiment provided by the staggered adoption of directors’ duties laws (i.e., state-level laws that explicitly expand board members’ duties to act in the best interests of all stakeholders).
We find that the enactment of these laws results in a significant decrease in the sensitivity of CEO wealth to the stock price. This decrease is mostly driven by firms most exposed to pressures to maximize short-term stock price. Our results suggest that the decrease in the sensitivity of CEO compensation to the stock price is an important channel boards use to internalize stakeholder orientation.