Deliberate practice, an iterative process that leads to expertise, is found to be positively associated with superior performance in domains such as sports, education, and entrepreneurship. At the same time, deliberate practice is also seen as being less than enjoyable and difficult to pursue consistently. As such, passion is considered to be a vital motivator of engagement in and maintenance of deliberate practice. Despite the evident importance of passion, the relationship between passion and deliberate practice in entrepreneurship has not been subject to sufficient empirical evaluation. Therefore, in this study, we consider the way in which passion moderates the relationship between deliberate practice and venture performance. We hypothesize that deliberate practice is positively related to venture performance and that passion positively moderates this relationship. We find support for our first hypothesis, in line with previous studies. However, contrary to our second hypothesis, we find that entrepreneurial passion negatively moderates the deliberate practice-venture performance relationship. In response to this finding, we provide possible explanations as to why this negative moderation effect was observed by drawing on Kolb’s experiential learning cycle.
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A great deal of attention has been paid to the performance of international joint ventures (IJVs) and trust has been recognised as a keyfactor influencing it. This paper examines the emergence of trust as a process and develops a process model of trust building in IJVs, which isused to analyse four case studies. The main conclusions are the following: Whereas competence-based trust starts from public information,promissory-based trust and goodwill-based trust are individually orientated and mainly develop through direct personal interaction. Suchinteraction may lead to bonds of friendship between delegates. Before these bonds evolve, trust is mainly based on the perceived self-interestof the partner in the joint venture. When the bonds of friendship dominate, the main source of trust shifts towards emotional commitments.Thus, in the early stages of an IJV, promissory-based trust predominates, and as the joint venture progresses, competence-based trust emerges.Goodwill-based trust is important throughout the process. A commitment to cooperate emerges from initial self-interest. The model is capableof further development and testing.
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A great deal of research has been undertaken to identify the factors affecting the success, failure, performance and stability of international equity joint ventures (EJVs) (see, for example, Beamish and Killing, 1996 for a review). Most of these studies, however, are static in nature. Although some scholars advocate a more dynamic approach to EJV research (for example, Parkhe, 1993; Stafford, 1995), to date only limited work has been done in this direction (Ring and van de Ven, 1994; Madhok, 1995a; Spekman et al., 1996; Ariño and de la Torre, 1996).
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More than 25!years after Moore’s first introduction of the public value concept in 995, the concept is now widely used, but its operationalization is still considered difficult. This paper presents the empirical results of a study analyzing the application of the public value concept in Higher Education Institutions, thereby focusing on how to account for public value. The paper shows how Dutch universities of applied sciences operationalize the concept ‘public value’, and how they report on the outcome achievements. The official strategy plans and annual reports for FY2016 through FY2018 of the ten largest institutions were used. While we find that all the institutions selected aim to deliver public value, they still use performance indicators that have a more narrow orientation, and are primarily focused on processes, outputs, and service delivery quality. However, we also observe that they use narratives to show the public value they created. In this way this paper contributes to the literature on public value accounting.
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International joint ventures (IJVs) are frequently stated to be increasingly popular but with significant managerial dissatisfaction in their operations (Madhok, 1995a). Therefore, a great deal of attention has been paid to the performance of IJVs (e.g. Contractor and Lorange, 1988; special issue of JIBS no. 5, 1996; Hyder and Ghauri, 2000). Particular emphasis has been placed on the dynamic processes within IJVs, including conflict resolution strategies (Lin and Germain, 1997) and the development of trust between the partners (Parkhe, 1993b; Madhok, 1995b; Ariño and Torre, 1996).
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Purpose The purpose of this paper is to synthesize the fragmented literature on organizational citizenship behavior (OCB), leader–member exchange (LMX), learning, innovative work behavior (IWB) and employee performance across different countries, disciplines and organizations, thereby broadening the literature breath and making gap identification comprehensive. Second, it provides information on how much studies have been concentrated on Africa with the goal of provoking scholarly work in a unique cultural setting on the interrelatedness of these concepts. Design/methodology/approach Relevant literature search was undertaken using key search terms, “employee performance,” “OCB,” “LMX,” “IWB,” “individual learning” and “team learning.” Findings The findings show positive relationships between the behaviors and employee performance. They also reveal an interesting diversity in the study across multidisciplinary fields holding both cultural and contextual significance for academia and practitioners. Research limitations/implications – The limitation of literature to peer-reviewed journals from the authors’ university library might have missed important information not in this domain. Further studies must make use of additional search terms and engines excluded from this study to provide a more comprehensive analysis. Practical implications The paper has important managerial implications for practitioners. The analysis can support the understanding of employee performance from a broader and more diverse view points; and help in providing insight into real-life opportunities, constraints and solutions in enhancing performance management. Originality/value – This systematic literature review highlights important knowledge gaps which need to be explored especially in the African and Ghanaian contexts.
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Financial constraints and risk taking are two well-established determinants of firm performance, however, no research analyzes how these variables are connected in the context of a high risk environment. Using data from microfinance clients in Tanzania, we derive a novel financial constraints measure and incorporate a psychometric risk taking scale. Results confirm the importance of access to finance and risk attitudes for business development. Also, we provide preliminary evidence for an interaction between financial constraints and risk taking. Financial constraints “throw sand in the wheels” and protect risk taking entrepreneurs from the negative impact of risk taking on microenterprise performance.
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In Groningen, the Netherlands, induced earthquakes occur in a relatively densely populated area, the so-called Groningen gas field. Many houses and other buildings have been facing damage, from minor cracks to severe damage. The gas extraction company (NAM, a joint venture of Shell and Exxon Mobil) is held responsible for the earthquakes and has a legal liability to compensate for the damage. In addition to damage, several houses in the area are thought to be unsafe (not allowing occupants to leave their houses alive in case of a major earthquake). Both NAM and the Dutch government play a crucial role in the gas problems; where NAM is responsible for damage, the government has to guarantee citizens’ safety. Government has given orders to develop a strengthening operation for thousands houses.For many inhabitants, the practice of damage repair and strengthening has not been very effective and satisfying. First, the system of damage compensation, is neither simple nor expeditious; many citizens experience long waiting times, arbitrariness in causality and damage judgements and, as a result, unfair treatments. Second, after plans had been launched to inspect and eventually strengthen thousands of houses, the Minister decided to gradually reduce gas extraction. Immediately after that, he also decided to pause the intended strengthening operation, leaving many inhabitants in uncertainty about the current safety of their houses. In short, Groningen citizens don’t feel taken seriously by NAM, government and executing agencies, they are dissatisfied with damage settlements and their confidence in private (oil/gas companies) and public parties (government) has reached an all-time low. This situation has turned out to be very obstinate and difficult to turn. Our statement is that the architecture of the damage and strengthening operation is based on a systematic flaw. Although several minor changes have been made in the damage settlement and strengthening system, they have been limited to executing agencies and are not substantial. Therefore it is argued that, unless this structural flaw is being solved, the Netherlands will stay confronted with Groningen citizens whose trust in government is a far cry and will eventually lead to feelings of alienation.
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