US moon plan will need private money

2019 ◽  
Keyword(s):  
Market Potential ◽  
The Moon ◽  
Commercial Exploitation ◽  
Content Type ◽  
Private Money ◽  
Permanent Presence

Significance Orion is intended to return astronauts to the moon by 2024, a goal Pence set in March. This programme, Artemis, is presented as a step towards commercial exploitation of the moon’s resources and a permanent presence there by 2028. Impacts Some sense of the still-speculative market potential of lunar and private, crewed spaceflight will emerge in the coming years. Foreign institutions may get opportunities to partner with NASA, but will be wary of US plans that seem so volatile. A successful landing in 2024 would give Pence a well-timed boost should he run for president that year.

scholarly journals Rough diamonds in emerging markets: legacy, competitiveness, and sustained high performance

2019 ◽  
Vol 26 (3) ◽  
pp. 363-386
Author(s):  
Seung Ho Park ◽  
Gerardo R. Ungson
Keyword(s):  
Human Capital ◽  
Emerging Markets ◽  
High Performance ◽  
Core Competencies ◽  
Market Potential ◽  
Government Support ◽  
Screening Tests ◽  
Institutional Voids ◽  
Content Type ◽  
Over Time

Purpose The purpose of this paper is to uncover the underlying drivers of sustained high performing companies based on a field study of 127 companies in Brazilian, Russian, Indian and Chinese (BRIC) and Association of Southeast Asian Nations (ASEAN) emerging markets. Understanding these companies provides a complementary way of appraising the growth, development and transformation of emerging markets. The authors synthesize the findings in an overarching framework that covers six strategies for building and sustaining legacy that leads to the succession of intergenerational wealth over time: overcoming institutional voids, inclusive markets, deepening localization, nurturing government support, building core competencies and harnessing human capital. The authors relate these strategies to different levels of development using Prahalad and Hart’s BOP framework. Design/methodology/approach This study examines the underlying drivers of sustained high-performance companies based on field studies from an initial set of 105,260 BRIC companies and close to 500 companies in ASEAN. The methods employed four screening tests to arrive at a selection of the highest-performing firms: 70 firms in the BRIC nations and 58 firms from ASEAN. Following the selection, the authors constructed cases using primary interviews and secondary data, with the assistance of Ernst & Young and with academic colleagues in Manila. These studies were originally conducted in two separate time periods and reported accordingly. This paper synthesizes the findings of these two studies to arrive at an extended integrative framework. Findings From the cases, the authors examine six strategies for building and sustaining legacy that lead to high performance over time: overcoming institutional voids, creating inclusive markets, deepening localization, nurturing government support, building core competencies and harnessing human capital. To address the evolving state of institutional voids in these countries, the authors employ similar methods to hypothesize the placement of these strategies in the context of the world economic pyramid, initially formulated as the “bottom of the pyramid” framework. Originality/value This paper synthesizes and extends the authors’ previous works by proposing the concept of legacy to describe the emergence and succession of local exemplary firms in emerging markets. This study aims to complement extant measures of nation-growth based primarily on GDP. The paper also extends the literature on institutional voids in shifting the focus from the mix of voids to their evolving state. Altogether, the paper provides a complementary narrative on assessing the market potential of emerging markets by adopting several categories of performance.

Aspiration, foreignness liability and market potential

2018 ◽  
Vol 35 (6) ◽  
pp. 1009-1032
Author(s):  
Lee Li ◽  
Gongming Qian ◽  
Zhengming Qian ◽  
Irene R.R. Lu
Keyword(s):  
Performance Feedback ◽  
Small Firms ◽  
Theory Of The Firm ◽  
Market Potential ◽  
Content Type ◽  
Country Market ◽  
International Behavior ◽  
Relationship Of ◽  
The Impact ◽  
The Relationship

PurposeUsing behavioral theory of the firm, the purpose of this paper is to examine how a small firm’s performance relative to historical and social aspirations is related to its international entrepreneurial orientation (IEO). This study also explores two environmental factors, liability of foreignness (LoF) and host-country market potential (HMP), as the moderators for the relationship of performance and IEO.Design/methodology/approachThis study uses survey for data collection from Canadian small firms and employs regression models for data analysis.FindingsThe results show that small firms demonstrate stronger IEO when their performance is below aspirations, but their IEO diminishes when their performance exceeds aspirations. The authors also found that a small firm’s LoF does not moderate the impact of its performance feedback on IEO. However, the authors found HMP plays a moderating role when a small firm’s performance is below aspirations.Originality/valueThis study investigates the relationship of IEO to aspiration and found that this relationship is moderated by HMP. The study advances our knowledge on small firms’ international behavior.

e-OpenDay

2010 ◽  
pp. 215-227
Author(s):  
Vasileios G. Stamatopoulos ◽  
George E. Karagiannis ◽  
Michael A. Gatzoulis ◽  
Anastasia N. Kastania
Keyword(s):  
Medical Education ◽  
Rapid Development ◽  
Information Services ◽  
Market Potential ◽  
Business Community ◽  
Technical Feasibility ◽  
Commercial Exploitation ◽  
User Groups ◽  
Virtual Platform ◽  
Research World

This chapter presents the feasibility study of a virtual platform for medical related technology transfer, continuing medical education and e-conference. The concept extends the idea of live events (e.g. conferences, open day events) in one physical location. It exploits the creation of a virtual platform where the research world in the area of biomedicine, can showcase their success, interact and co-operate with the business community and collaborate on potentially valuable outcomes and learn without time or place restrictions. The main objective of the project was to offer a pilot service that can showcase the e-OpenDay market potential and technical feasibility. By developing a prototype and through user feedback and evaluation processes, a set of services was identified, developed and validated. The e-OpenDay project made clear that health information services are facing rapid development and expansion to wider markets and user groups. Based on the project results, a business plan was developed that showcased potential in commercial exploitation.

Banks, private money creation, and regulatory reform

2018 ◽  
Vol 26 (1) ◽  
pp. 20-34
Author(s):  
Gerry Cross
Keyword(s):  
Regulatory Reform ◽  
Recent Criticism ◽  
Multiple Use ◽  
Fractional Reserve Banking ◽  
Content Type ◽  
Fractional Reserve ◽  
Private Money ◽  
Money Creation ◽  
Reserve Banking ◽  
New Framework

Purpose This paper aims to consider recent arguments that post-crisis regulatory reform has misunderstood the nature of banks’ activities. These arguments suggest that a bank’s role is not that of intermediation between savers and borrowers but the systemically riskier one of private money creation. Design/methodology/approach The paper assesses whether banks’ activities are best understood as private money creation rather than intermediation. It considers the argument that regulatory reform has not gone far enough to prevent a recurrence of future credit spirals ending in financial crises. Findings This paper analyses banks’ activities and finds that it is incorrect to consider that they engage in relatively unfettered money creation. While fractional reserve banking does create flows of money through the economy, these flows are tethered to banks’ funding requirements. Multiple use of that money, rather than representing an ill-understood risk, simply reflects the nature of maturity transformation. This has not been missed in designing the post-crisis regulatory framework. The revised framework contains many features that are not fully recognised by proponents of the money creation critique and goes significantly further than they allow. Once completed, it will address many of the concerns they raise. They are right to call for further consideration of whether the countercyclical features of the new framework are sufficiently developed. Originality/value The paper provides an early detailed response to recent criticism of the post-crisis regulatory reform programme coming from a money creation perspective of banks’ role in the economy.

Research on double T-shape MEMS bionic vector hydrophone and its application in obstacle avoidance sonar

Sensor Review ◽  
2015 ◽  
Vol 35 (1) ◽  
pp. 76-84 ◽  
Author(s):  
Liu Linxian ◽  
Zhang Wendong ◽  
Zhang Guojun ◽  
Guan Linggang ◽  
Xue Chenyang ◽  
...  
Keyword(s):  
Obstacle Avoidance ◽  
Traffic Safety ◽  
Market Potential ◽  
Detection Sensitivity ◽  
Calibration Data ◽  
Underwater Acoustic ◽  
Content Type ◽  
Sonar System ◽  
Vector Hydrophone ◽  
Highly Effective

Purpose – The purpose of this paper is to develop a novel MEMS vector hydrophone with the key features of smaller size, better consistency, higher sensitivity and directional reception, and to develop a highly effective and economical obstacle avoidance sonar system. Currently, the typical vector hydrophones are resonant vector hydrophones based on the accelerometer, which greatly increases the volume and constrains the detection sensitivity. Also, because the system is composed of a number of devices, its size is difficult to be reduced. Design/methodology/approach – A novel double T-shape MEMS vector hydrophone is proposed with a fish’s lateral line organs as prototypes. The structure size and layout location of the piezoresistors were determined by simulation analysis, and the double T-shape microstructure was fabricated integrally by MEMS manufacturing technology, after which, the acoustic package of the microstructure was completed and the prototype was produced. Finally, the packaged hydrophone was calibrated in a standing wave field in the first-class national-defense underwater acoustic calibration station of China. Also, the design and test of an obstacle avoidance sonar system based on the vector hydrophone were completed. Findings – The calibration data show that the double T-shape vector hydrophone has a flat frequency response curve, exhibits a sensitivity of −180 dB (1 kHz, 0 dB reference 1 V/uPa) and shows a good directivity pattern in the form of an “8” shape. The test results of the obstacle avoidance sonar system further verify the feasibility of detecting underwater acoustic signals. Research limitations/implications – The next work is to increase the sensitivity by optimizing the microstructure and to realize orientation by organizing array. Practical implications – The hydrophone has the advantages of smaller size, lower cost and directional reception. It can be used to develop highly effective and economical obstacle avoidance sonar system, thus solving the problems of water transport efficiency and traffic safety. The hydrophone has broad application prospects and a huge market potential in the civilian fields. Originality/value – The MEMS technology and innovative bionic microstructure enable the miniaturization and low cost of the hydrophone. The hydrophone is easy to form array and can narrow the array aperture greatly. So, the hydrophone can be widely used in civil sonar systems.

European franchise expansion into Latin America

2015 ◽  
Vol 38 (2) ◽  
pp. 149-165 ◽  
Author(s):  
Verónica Baena
Keyword(s):  
Economic Development ◽  
Latin America ◽  
Latin American ◽  
Political Stability ◽  
Market Potential ◽  
Geographical Distance ◽  
Market Conditions ◽  
Content Type ◽  
The Usa ◽  
Latin American Countries

Purpose This study aims to enhance the knowledge that managers and scholars have on franchising expansion. In this sense, it is worth mentioning that although the body of literature on international management focusing on emerging markets is growing, the attention paid to the Latin American context continues to be limited. This is surprising given the substantive economic importance of the region with a population over 590 million, and a gross domestic product of approximately US$5 trillion. To cover this gap, the present study examines how a number of market conditions may drive diffusion of franchising into Latin America: geographical distance, cultural distance, political stability and economic development. The authors also controlled for the host country’s market potential, transparency, unemployment rate and efficiency of contract enforcement. Design/methodology/approach This study uses a quantitative approach applied to a sample of 77 Spanish franchisors operating through 4,064 franchisee outlets across 21 Latin American countries in late 2012. They are: Argentina, Brazil, Chile, Colombia, Costa Rica, Cuba, Dominican Republic, Bolivia, Ecuador, El Salvador, Guatemala, Haiti, Honduras, Mexico, Nicaragua, Panama, Paraguay, Peru, Puerto Rico, Uruguay and Venezuela. Findings Results conclude that geographical distance between the host and home countries, as well as the level of host country’s political stability, economic development, market potential and transparency are able to drive the spread of international franchising across Latin American nations. Research limitations/implications This study provides readers with a general overview of the current state of global franchising diffusion overseas. Results obtained in this study are useful for understanding and predicting the demand for franchising in Latin American countries. Practical implications Economics reports argue that by 2050, the largest economies in the world will be China, the USA, India, Brazil and Mexico. This fact highlights the substantive importance of Latin America for foreign investors willing to expand their business abroad. In an attempt to give insights from the Latin American context, the present paper develops and tests a model that can be useful to franchisors willing to establish new outlets in the region. In addition, our findings offer guidance to firm managers seeking to target their franchises in Latin America. Franchisors may then use the results of this study as a starting point for identifying such regions whose characteristics best meet their needs of expansion. Originality/value This paper explores how market conditions may drive international diffusion of franchising into Latin American markets. The scant theoretical or empirical attention given to this topic has usually been examined from the USA and British base and focused on developed markets. To fill this gap, the present study analyzes the international spread of the Spanish franchise system into Latin America as a market for franchising expansion.

A new index to measure ease of doing business at the sub-national level

2018 ◽  
Vol 25 (3) ◽  
pp. 515-537 ◽  
Author(s):  
Khee Giap Tan ◽  
Mulya Amri ◽  
Nurina Merdikawati
Keyword(s):  
Explanatory Power ◽  
National Level ◽  
Market Potential ◽  
Business Community ◽  
Primary Data ◽  
Macroeconomic Factors ◽  
Content Type ◽  
Doing Business ◽  
Ease Of Doing Business

Purpose The purpose of this paper is to propose a novel framework to measure ease of doing business (EDB) that undertakes a holistic approach incorporating three distinct environments: attractiveness to investors, business friendliness, and competitive policies (ABC). This is offered as an alternative to existing popular indicators of doing business (DB), allowing for better approximation of investment and economic growth at the sub-national level. Design/methodology/approach The proposed “EDB Index ABC” aggregates 74 indicators into five sub-environments, three environments, and ultimately into the overall EDB Index ABC. Values are standardised using the standardised score method. The framework is applied to 33 Indonesian provinces using a combination of primary data from surveying the business community and government departments as well as secondary data from formal government statistics. Findings The findings suggest a positive association between the proposed EDB Index ABC and competitiveness as well as investments into Indonesian provinces. In terms of explanatory power, attractiveness to investors and business friendliness seem to be stronger and more consistent, while the role of competitive policies is more ambiguous. Originality/value This research departs significantly from conventional approaches to the study of DB that tend to overwhelmingly focus on formal regulatory aspects by including macroeconomic factors such as market potential and infrastructure resilience as well as micro-level variables such as profitability and cost effectiveness, and the role of government in managing competition. Responding to calls for a bottom-up approach in understanding the EDB, the EDB Index ABC is applied to 33 Indonesian provinces.

Investors will benefit from ASEAN e-commerce boom

2015 ◽  
Keyword(s):  
Market Potential ◽  
Economic Community ◽  
Payment Systems ◽  
Regional Trade ◽  
Content Type ◽  
Online Sales ◽  
Electronic Retailing ◽  
Mobile Telephones ◽  
Advanced Economies ◽  
Asean Economic Community

Subject The outlook for an ASEAN e-commerce boom. Significance A February study commissioned by the ASEAN Business Forum forecasts that electronic retailing in South-east Asia's six more advanced economies could grow by 25% annually up to 2017, driven by rising incomes, improving technology and a services boom. Expected to be worth at least 60 billion dollars once it matures (beyond 2017), the e-commerce market will help expand regional trade connections as the ASEAN Economic Community (AEC) is enacted from late 2015. Impacts Rising incomes, growing business connectivity and investment in retail portals will spur online sales. Services will be targeted at younger, technology-aware consumers who prefer mobile telephones over computers. Market potential may not be realised without investment in supporting services, including payment systems.

Regulations could hinder private US drone use

2015 ◽  
Keyword(s):  
United States ◽  
Foreign Policy ◽  
The United States ◽  
Commercial Exploitation ◽  
Content Type ◽  
Potential Market ◽  
The World ◽  
Advantageous Position ◽  
End Use

Significance The FAA's proposed regulations will open up drone use in the United States to commercial exploitation. While in some respects less rigorous than they might have been, the draft regulations will initially limit drone use. This could leave the United States in a less advantageous position than operators elsewhere in the world to develop drone-based services. Impacts The potential market for these larger drones is put at over 89 billion dollars over the next ten years. Military sales will be 72 billion dollars in that period. End-use control on military exports will help Washington influence allied foreign policy.

FDI deficit will hold back Taiwan economy

2015 ◽  
Keyword(s):  
Foreign Investment ◽  
Manufacturing Sector ◽  
Labour Force ◽  
Low Cost ◽  
Industrial Clusters ◽  
Market Potential ◽  
Foreseeable Future ◽  
Export Markets ◽  
Content Type ◽  
Economic Relationships

Subject Foreign investment in Taiwan. Significance Taiwan is one of the least attractive investment destinations in East Asia, the latest UNCTAD data show. Its inability to attract foreign direct investment (FDI) hampers Taiwan's ability to compete in international export markets and to generate jobs at home. Impacts The next government will focus on strengthening economic relationships with countries other than China. Demographic pressures will constrain Taiwan's domestic market potential for the foreseeable future. A skilled but low-cost labour force and well-established industrial clusters still count in favour of Taiwan's manufacturing sector.

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