Operations for entrepreneurs: Can Operations Management make a difference in entrepreneurial theory and practice?

Fine, Charles H.; Padurean, Loredana; Naumov, Sergey

doi:10.1111/poms.13851

Cited by 4 publications

(3 citation statements)

References 124 publications

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“…Shepherd and Patzelt (2013) coined the term "operational entrepreneurship" to encourage the exploration of business operations for opportunity recognition. More recently, Fine et al (2022) implore new ventures to leverage operations knowledge in proposing "operations for entrepreneurs" curricula, since up to now "business schools seem to have little to teach entrepreneurs about any distinctive OM needs" (p. 4599). The premise applies even more aptly to the application of broad-scope SCM, as operations expertise would contribute to enhanced efficiency and effectiveness within the four walls of the organization.…”

Section: Applying Scm To Entrepreneurshipmentioning

confidence: 99%

Developing an entrepreneurial mindset in supply chain managers: Exposing a powerful potential

Goldsby,

Kuratko,

Goldsby

2024

J of Business Logistics

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Entrepreneurship and supply chain management (SCM), respectively, have enjoyed meteoric rises in business practice and scholarly attention over the past three decades. Further, each of the two disciplines has much to offer the other. Yet, we have not witnessed sustained, meaningful integration of principles, practices, and influences despite powerful potential. This paper explores this potential by featuring prospects for entrepreneurship to influence SCM, and vice versa, bringing an entrepreneurial mindset to SCM and supply chain orientation (SCO) to entrepreneurial activities. In particular, we illustrate a validated assessment and diagnostic tool, the Corporate Entrepreneurship Assessment Instrument (CEAI), adapted for supply chain managers with the intent of instilling corporate entrepreneurial activity among supply chain professionals. Granted, supply chain managers are typically tasked with meeting expectations toward customer service effectiveness, efficiency, asset utilization, and safety. Yet, we believe that forming an organizational environment conducive to entrepreneurial thinking could be extremely valuable in the supply chain realm, enhancing capabilities like agility, plasticity, and responsiveness such that innovation and business growth are achieved alongside traditional SCM expectations. Further, we feature several avenues for future research at the interface of entrepreneurship and SCM.

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Section: Applying Scm To Entrepreneurshipmentioning

confidence: 99%

Developing an entrepreneurial mindset in supply chain managers: Exposing a powerful potential

Goldsby,

Kuratko,

Goldsby

2024

J of Business Logistics

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“…Finally, Fine et al. (2022) review the scant OM literature that deals with entrepreneurial operations. Through a series of case studies, they propose a framework to define “operations for entrepreneurs” that can form a basis for further research by the OM community.…”

Section: Highlights Of the 30th‐anniversary Special Issuementioning

confidence: 99%

“…In a similar vein, Gaimon and Carrillo (2022) present case studies to argue that firms must develop ways to capture and share knowledge among knowledge workers, executives, management, and technical specialists. Finally, Fine et al (2022) review the scant OM literature that deals with entrepreneurial operations. Through a series of case studies, they propose a framework to define "operations for entrepreneurs" that can form a basis for further research by the OM community.…”

Section: Managing Innovations Technology and Entrepreneurial Operationsmentioning

confidence: 99%

Expanding the boundaries of the discipline: The 30th‐anniversary issue of Production and Operations Management

Kumar

Tang

2022

Production and Operations Management

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Since the inaugural issue published in 1992, Production and Operations Management has grown phenomenally in terms of the number of submissions and publications and journal impact factor. In this 30th‐anniversary issue of the journal, contributing authors examine the past and the future of operations management (OM) research, addressing emerging issues arising from innovations, sustainability, social responsibility, technology management, healthcare management, cybersecurity, and retail operations. This special issue includes a collection of papers intended to provide innovative ideas for readers to address new OM challenges in the future.

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Advising Entrepreneurs: Optimal Recommendation of Alternatives

Wang,

Rahmani,

Ramachandran

2024

M&SOM

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Problem definition: Facing emergent business challenges, entrepreneurs often seek guidance from experienced advisors. When multiple alternatives could potentially solve the entrepreneur’s problem, advisors can lead the entrepreneur’s exploration by choosing which alternative(s) to suggest and in what sequence. Methodology/results: We develop a dynamic game-theoretic model that captures the sequential interaction between an advisor and an entrepreneur. The advisor chooses how to recommend alternative solutions, and the entrepreneur chooses which solution to try. The trial’s success depends on the viability of a solution and the entrepreneur’s execution capability. When a trial of a recommended solution fails, the belief about the viability of the solution is updated. Managerial implications: Our analysis reveals that the advisor should strategically recommend alternatives based on the entrepreneur’s execution capability, trial costs, and correlation between alternatives (among other factors). When the trial of the first alternative fails, the advisor should readily offer a new alternative if the entrepreneur’s capability is either very high or very low. Otherwise, the advisor should encourage the entrepreneur to try the same solution multiple times. In order to motivate and sustain the entrepreneur’s exploration over time and across solutions, the advisor may find it optimal to recommend inferior solutions before superior ones (e.g., when trial costs are different or the entrepreneur can improve her capability with experience) or recommend multiple solutions simultaneously (e.g., when there is correlation between alternatives). Supplemental Material: The online appendix is available at https://doi.org/10.1287/msom.2022.0361 .

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Operations for entrepreneurs: Can Operations Management make a difference in entrepreneurial theory and practice?

Cited by 4 publications

References 124 publications

Developing an entrepreneurial mindset in supply chain managers: Exposing a powerful potential

Developing an entrepreneurial mindset in supply chain managers: Exposing a powerful potential

Expanding the boundaries of the discipline: The 30th‐anniversary issue of Production and Operations Management

Advising Entrepreneurs: Optimal Recommendation of Alternatives

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