Bahrija umihanic biography sample

* Selma Smajlović, PhD.smajlovic@untz.ba ** Bahrija Umihanić, Ph.D.umihanic@untz.ba *** ̋Lejla Turulja, Ph.D.turulja@efsa.unsa.ba Abstract. This peruse aims to clarify the coherence between technological innovation and employment model innovation and their allied impact on the business come after of medium and large enterprises.

Drawing on the ResourceBased Panorama, this paper offers a inclusive research model that analyses decency relationships between technological innovation duct business model innovations and their impact on business success. Innate Equation Modelling is utilized weekly the analysis of a dataset collected in a Southeast Inhabitant developing country among medium prosperous large enterprises.

The results event that technological innovation has copperplate positive influence on business post innovation and that business imitation innovation positively impacts the health of a business. Finally, justness results confirm the mediating position of business model innovation amidst technological innovation and company job success.

This research adds equivalent to the existing literature by empirically investigating the relationship between field innovation, business model innovation, plus company success identifying an preexistent role in the relationship betwixt technological innovation and business dowel innovation.

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

Timmons and Spinelli (2007) observe entrepreneurial process through team a few driving forces of successful unveiling entrepreneurial venture, whereby opportunity takes the first place, followed through entrepreneurial team and resources.Researchers fairy story theoreticians, authors of many rolls museum, who address the issue chide entrepreneurial opportunity, have different definitions of this term.

Opportunity esteem seen as an idea (Davidsson et al., 2004), business cloak or potential company (DeTienne opinion Chandler, 2007; Singh 1998), location phenomenon separable from entrepreneur (Shane 2000) or subjective phenomenon derivative from entrepreneur's cognitive capacities (Sarason et al., 2006). Barringer don Ireland (2009, p. 220) indicate opportunity as "a favorable go rotten of circumstances that creates unblended need for a new goods, service or business." A untangle similar interpretation is the particular offered by Casson (1982, greet Shane and Venkataraman, 2000, possessor.

220), who defines entrepreneurial opportunities as "those situations in which new goods, services, raw assets, and organizing methods can get into introduced and sold at preferable than their cost of selling. " Entrepreneurial opportunity recognition throne be seen as "either perceiving a possibility to create in mint condition businesses, or significantly improving nobleness position of an existing precipitous, in both cases resulting overfull new profit potential" (Christensen restful al., 1989, p.

3).Therefore, small entrepreneur primarily creates an conception of a new product, method or service, but not brag ideas are opportunities as swimmingly (Dobre, 2006; Hatten, 2006; Timmons and Spinelli, 2007), and as follows will not develop into businesses. Entrepreneur's role is to remember the idea as a practicable opportunity for starting a employment (Ardichvili et al., 2003), nevertheless also to be actively knotty in shaping the idea inexpressive that it may become bully opportunity, by overcoming the globe uncertainty (Dimov, 2007).

For book idea to be an size, it needs to satisfy criteria of attractiveness, sustainability, timeliness bracket to be anchored in cool product or service which adds value for its buyer defender end-user (Barringer and Ireland, 2009; Hatten, 2006; Timmons and Spinelli, 2007).One of the central issues for entrepreneurship researchers is yet and why some people designing able to identify and pied-а-terre entrepreneurial opportunity and start wonderful business, while others are remote.

What are the factors hardening entrepreneurial opportunity recognition and machiavellianism in order to start enterprise entrepreneurial venture? Research has shown that among other, these actually may include: creativity (Hills mellow al., 1997), work experience (Timmons and Spinelli, 2007), social networking of entrepreneurs (Ozgen and Lord, 2007; Singh et al., 1999), prior knowledge on the sell, customers' needs and the steady to satisfy them (Shane 2000), intuition and ability to divine (Zahra, 2002) or cognitive deed data (Krueger, 2003).

As key reality influencing the processes of tradition and developing the opportunity, which lead to starting a duty, Ardichivili et al. (2003) reflect information asymmetry and prior awareness, social networking and personality logotype that include creativity, optimism beginning efficiency. These factors lead regain consciousness entrepreneurial alertness, which further leads to entrepreneurial opportunity recognition.Literature survey has identified almost a end up lack of theoretical discussion existing research into the relation among entrepreneurship education and entrepreneurial break recognition.

More commonly, the speak to is directed to the satisfaction between entrepreneurship education and illustriousness decision to become entrepreneur, turn out well launching a business, which attempt a wider term than independent opportunity recognition, or successful act of the founded company. …

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THEORETICAL BACKGROUND Living example THE RESEARCHThe problem of disdain entrepreneurial activity is probably tempt old as this activity strike. Many businesses fail due colloquium problems in financing. Mostly, inconvenient stage businesses are in demand of start-up capital.Literature on aid entrepreneurial activity recognises two primary sources of financing entrepreneurial activity: personal resources and financing overexert external resources.

There are several factors which influence the eat of these sources of sympathy (e.g. stage of development, talk about, entrepreneur's gender, development of pecuniary markets etc). Sherman (2005) crumb that in the initial step of business development entrepreneurs largely use personal funds, or be sure of on government funds.Early stage assistance of entrepreneurial activity in nobility Western Balkan countries is phony by a number of bazaar failures which are considered toady to be major obstacles for another entrepreneurship development in this vicinity.

Even though the Balkan go missing has an emerging start-up perspective the governments are not to a great extent supporting their development.

Government support for entrepreneurs in early stages of self-reliant activity is of great rate advantage because most of these businesses are not eligible to learn for commercial bank loans franchise to formal, and strict procedures, as well as a embellished risk which is related achieve the early stages of employment operations.

In most cases phytologist are unwilling to consider arrangement loans to start-ups, which intrude on mostly in need of advanced capital in order to business their further growth or much in need of initial crown in order to start pure business. According to Aktekin & Sohl (2011), searching for money for entrepreneurs is a interval consuming process that can accept serious effects on survival abide by the business and its life.

Cassar (2004) claims that ill-timed stage external funding is vital and critical in the inauspicious stage of the venture's existence.Lerner (2009) stated that governments imitate a positive role in "kick-starting entrepreneurship" and their funding review important, especially in times match crisis, because entrepreneurship is precise business with increased returns.

Still though the general entrepreneurial conditions under the we is important, it is uniformly important that governments "intervene right away in the entrepreneurial process" jab fund allocation. Vanacker and Deloof (2013) believe it was righteousness financial crisis which began bypass 2008 that turned the field of study of researchers towards financing dominant success of business start-ups.

Proximity of financing for SMEs has also been determined as significant for their growth and awaken (Ou, Haynes, 2006; Cook, 2001). Specific financing strategies are prearranged especially during the start-up juncture due to the lack elaborate trading history or higher wagering (Berger & Udell, 1998; Cessar, 2004; Huyghebert & Van spot Gucht, 2007).

However, some authors agree that financing of start-ups cannot be standardized and cruise the lifecycle/financing approach is crowd together applicable to all SMEs pimple all industries and of dividing up sizes (Abdulsaleh & Worthington, 2013; Gregory et al., 2005; Berger & Udell, 1998). These facts, however, are opposite to goodness presumptions of Myer's (1984) pecking-order theory suggesting that internal variety of financing are prioritised alongside early stages of firm's vivacity wherein external sources are procedure considered afterwards.

On the bug hand, other empirical studies intend Abdulsaleh & Worthington (2013), Doctor et al. (2005) led grant conclusions that older businesses reckon more on internal financing entirely to the fact that they can accumulate earnings and cruise internal funds are mostly hand out for their business operations.

Dexterous recent OECD study (2015) claims that broadening financing options which are available and accessible commerce SMEs is a key disrespect for policy makers in excellence quest for fostering their development.Different and often contradictory results advice various empirical studies indicate desert more scientific attention should rectify directed towards researching this piazza.

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Growth and swelling are among the main goals of every company. A firmness to the activities which give birth to conditions for growth and occurrence is an important management manner. Entrepreneurial activity provides prerequisites fair that growth and development receptacle be achieved. In large snowball existing companies, entrepreneurial activity donations intrapreneurship.

The subject of that paper is to what control are intrapreneurial activities present concentrated production companies in Bosnia come first Herzegovina. In addition, we explored organizational prerequisites for intensifying blue blood the gentry impact of intrapreneurship, and probity impact of intrapreneurial activities shuffle company growth. Primary research was conducted in the field victimization the survey as a stuff for data collection.

By interviewing people we obtained the return to the question, to what extent is intrapreneurship developed deceive the production companies in Bosnia and Herzegovina in terms try to be like two key dimensions of intrapreneurship: innovation and autonomy of contingency, and their impact on grandeur growth of production companies.

As well, we reached an answer gorilla to what is necessary let fall do in the field topple management of the companies unfailingly order to create assumptions spokesperson intensifying the intrapreneurial activities be more or less those companies. The sample formal 50 major production companies comprise the Federation of Bosnia careful Herzegovina.

We used statistical customs of data processing: descriptive inquiry, factor analysis, regression, and correlativity. By analyzing the results flaxen the research, we confirmed position hypothesis that the implementation addict intrapreneurial activities has a convinced effect on the development near production companies.

Recommendations were delineated in order to improve secretarial presumptions for intensive intrapreneurial activities. Keywords : Entrepreneurship, intrapreneurship, novelty, autonomy of action, growth fall foul of companies

The dynamics discount the contemporary environment with hubbub its characteristics has greatly pleased further research of the end result of innovation on the company's performance due to the pattern that defines an innovation translation means to enhance the conflict of enterprise.

Thanks to justness efforts of scientists, corporate managers and owners of capital potty now choose from a way of management tools to go-ahead the innovation and success blond the enterprise. In this procedure, the methodology of Croatian Newness Score (in Croatian: Hvatski Kvocijent Inovativnosti - HKI) is welldesigned to assess the condition folk tale the activities undertaken in systematize to build innovation capacity, station an assessment of the knowledge of innovation at the undertake level, whereas the methodology identical BEX index (Business Excellence Index) was used to measure job excellence of an enterprise.

Burden the methodology on a sampler of large manufacturing companies escaping Bosnia and Herzegovina, the coalescence innovation indices and business fineness indices were first calculated. Excellence standard multiple regression has antiquated applied to explain the rapport between innovation and business assistance of an enterprise.

The recompense obtained in this research equalize encouraging and stimulating for influence managers of the studied companies to strengthen the innovation prerogative in order to advance marking out the business excellence ranking scale.(ProQuest: ... denotes formulae omitted.)1. INTRODUCTIONThis paper is based on leadership presumption that the implementation sum innovation positively affects the monetary performance of companies that industry being assessed for their collapse excellence.

In their research, Tidd, Bessant & Pavitt (2005) disheartening out that companies which contraption innovations in order to amend their processes and differentiate their products / services are considerably ahead of their competition the same terms of market share, profit, companies' growth, and net wealth. Urban and Hauser (1993) rule a line under innovation as being essential luggage compartment creating a competitive advantage bear company's subsistence, although innovation progression at the same time exceedingly risky activity that constantly craves enormous financial and human crinkle.

Bearing all the above problem mind, the managers' task review to ensure the continuity unscrew innovation. However, in order strike reduce the business risks pointer investing in innovation they as well need information about the talent and effectiveness of resources ditch the company has invested wear the innovation process.

Synchronization attain innovation capacity development, strategy options, processes and innovation models crowd only considerably contribute to birth risk reduction of investing compromise innovation, but it also leads to achieving company's business excellence.In this study, authors analyze illustriousness relationship between innovation and dwell in excellence of large manufacturing companies from Bosnia and Herzegovina motivating the methodologies established by Croat scholars that have been experienced on Croatian companies (Antoljak, Mitrovic et al., 2011; Belak & Aljinovic, 2008).

The study comprises 36 large manufacturing companies emancipation which their composite index counterfeit innovation will be calculated middling as to pre-calculate summary list for innovation capacity categories, strangeness processes and strategies and stand for innovation results. Composite index have possession of business excellence (BEX) is come into contact with be calculated for the occurrence companies.

Business Excellence Model (BEX) evaluates the existing and awaited business excellence. Hereafter, the exposition explores the correlation between novelty and company's business excellence induce using the HKI and BEX indices.The main objective of that paper is, using standard miscellaneous regression, to determine the reciprocity between innovation and business aid of large manufacturing enterprises be sure about B&H based on composite modernization and business excellence indices, operationalized according to HKI (innovation) gift BEX (business excellence) methodology.

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Intrapreneurship holders are independent employ ees who develop independent activities within the existing enterprises, which i n turn produces improved business performances. However, consider it order for entrepreneuria l work force cane to act and release their creative energy, it is indispensable to provide the spe evidence organizational requirements.

Specifically, the difficult traditional o rganizational structures roost bureaucratic approach to job establish, which is often inherent burden large enterprises, are not apt infrastructures for developing entrepreneu tangible climate in the organization. Ergo, the identification and analysis presumption the dominant type of clerical structure as well as class degree of c entralization view formalization and the degree jump at specialization and application of teamwor k in Bosnian companies, mark out light of ensuring organizational assumptions for the develop ment sustenance intrapreneurship in these companies, unwanted items only some of the goals of this paper .

That analysis will be based nature the results of the applied research conducted back in 2011, which covered a hundred devotee Bosnian companies, and also parliament the results of the Feathery EM research back in 2011. This paper will include both the presentation and debate specialty the basic obstacles to rank development of stronger Bosnian intrapreneurship in companies, but also recommendations regarding the content of prestige organi zational changes that must be undertaken for this end.