Commerce and Financial Management
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Item Does the Innate Culture make all Failures to Entrepreneurs? An Existing Context Specific Problem(International Journal of Scientific and Research Publications, 2014) Dissanayake, D.M.N.S.W.; Semasinghe, D.M.Complementing Ireland et al., (2003) inference of „regardless of the size of the entrepreneurial venture, strategic entrepreneurial aspects (advantage seeking and opportunity seeking behaviors) are important‟, we set out to assess whether less entrepreneurial behavior in Sri Lanka has an impact from the innate culture? This working study interviewed 127 entrepreneurs in two districts in Sri Lanka and Geert Hofstede‟s six dimensional cultures were assessed. We came to know that selected entrepreneurs of two districts hold the characteristics of being collective, high power distant, feminine, low uncertainty avoidance, long term oriented and Indulgent. We concluded that, innate culture hinders entrepreneurship in relation to power distance. Though a large number of entrepreneurial ventures started as solo entrepreneurial ventures in Sri Lanka, the distance of power between the owner and the subordinates may act as a restraining factor in the process of expansion. We generalized our findings and different implications were made and finally some research directions were proposed. Importantly, we propose that, despite the relationship of cultural inheritance and entrepreneurship, strategic entrepreneurial aspects are of paramount importance to secure entrepreneurship in a country. Simply put, it provides a clear basis for sustainable entrepreneurship and it clearly differentiates a mere business venture.Item Is culture a restraining or a driving force for entrepreneurship in Sri Lanka?(African Journal of History and Culture, 2014) Dissanayake, D.M.N.S.W.; Semasinghe, D.M.Item Building a Theoretical Model of Entrepreneurial Venture Growth: An Alternative Perspective(Sydney, Australian Centre for Entrepreneurship Research, 2014) Dissanayake, D.M.N.S.W.; Semasinghe, D.M.Despite the low theoretical developments in the Entrepreneurial Venture Growth literature, entrepreneurial ventures require growth to provide economic development, to create wealth and employment. However, some entrepreneurial ventures register for high growth whereas others do not. Adding to that, Azevedo, & Ortiz (2011) write, the main cause for firm growth and success can be found inside of the firm. Despite the wide ranging factors ‘inside the firm’, Entrepreneurial Orientation (EO) acts as the strategy of an entrepreneur and the notion of Core Competencies (CC) covers intrinsic resources and capabilities of the entrepreneurial venture. Given these two antecedents of entrepreneurial venture growth, we intend to develop a comprehensive theoretical model of Entrepreneurial Venture Growth. Pertaining main propositions and sub-propositions were developed based on the constructs identified. Entrepreneurial Orientation viewed in a five dimensional framework and Core Competencies was defined rationally. Moderators of entrepreneurial venture growth and core constructs were conceptualized and rationalized and the theoretical framework developed subsequently. We argue that the associated concepts (EO and CC) can be justified as predictors of Entrepreneurial Venture Growth. Also, the application of these constructs in a different setting has important implications. We suggest more scholarly investigations are required in this regard.Item Presenting a Conceptual Model of Organic Entrepreneurial Venture Growth: An Alternative Perspective(Social and Basic Sciences Research Review, 2014) Dissanayake, D.M.N.S.W.; Semasinghe, D.M.The multidimensional view of entrepreneurial venture growth is addressed differently by number of scholars. However theoretical bases in this regard are still fragmented. We complement Rauch, et al., (2009) and Saeed, et al., (2014) and develop a conceptual framework on entrepreneurial organic venture growth. Entrepreneurial Orientation and venture growth have identified as main constructs of the study and potential moderators were also developed. Pertaining propositions established and finally an integrative conceptual model was developed to depict entrepreneurial venture growth. Also, the application of these constructs in a different setting has important implications. Finally we affirmed that, more scholarly investigations are required in this regard to validate the applicability of the model.Item The Battle against the World of Piracy: A Case Review of ABC Entertainment(Staff Development Unit, Faculty of Commerce & Management Studies, University of Kelaniya, 2015) Abeywardana, N.L.E.; Jayarathne, L.C.H.; Jeewandarage, P.M.; Lasantha, S.A.R.; Dissanayake, D.M.N.S.W.; Jayarathne, B.C.P.; Hettiarachchi, H.A.H.; Anuranga, B.K.H.D.In general, gaining of competitive advantage is the main objective of a company’s survival. In the pursuit of achieving this companies explicitly or implicitly adhere to many strategies and many external factors which beyond the company’s control affect this process. Thus is it inevitably complex and only keen companies survive? Provided that, in this review note we bring a contemporary case into discussion. ABC entertainment was one of the finest companies established in Sri Lanka and their core business was selling artistic content in different forms; ringtones, compact discs, etc. Their main revenue generator relied upon the ringtones supplied to mobile operators such as Mobitel, Dialog, Etisalat, Hutch and etc. Back then, Mobitel operated as the industry leader of telecommunication and subsequently companies entered to a price war with the emergence of companies like Airtel in 2009. All the companies faced severe reductions in revenue and found tough to operate. As means of survival and retaining competitive positions companies’ implemented strategies such as adding value added services such as internet and data. The review proceeds discussing problems raised in the revenue models of the companies providing facts in relation to telecommunication industry in Sri Lanka, management structure and etc. Finally the review suggests strategies as means of survival.