Commerce and Management
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Item Market Orientation and Service Innovation on Organizational Performance.(Australian centre for Entrepreneurship(ACE) Research exchange Conference, 2015) Gajanayake, R.; Semasinghe, D.M.In recent years, market oriented corporate culture has been considered a key element of organizational performance. Further in-order to accelerate the firm’s performance, innovation plays a substantial role. According to de Brentani (2001), the extent to which products or services yield benefits to firms in terms of business performance is significantly affects by the innovativeness of the products delivered. This paper attempts to develop a conceptual model integrating market orientation, service innovation and how they affect the business performance. In addition, the researchers make an attempt to identify whether entrepreneur’s personal characteristics moderate the above relationship. Several hypotheses are developed pertaining to the identified variables. The study is based on the hotel industry in Sri Lanka.Item Impact of strategic orientation competitive strategies on venture growth in Sri Lankan SMES.(Australian centre for Entrepreneurship(ACE) Research exchange Conference, 2017) Wijetunge, D.; Semasinghe, D.M.SME sector in Sri Lanka plays a vital role in the economy. However, it confronts with so many barriers and ultimately it leads to failure of majority of new ventures. Previous studies have shown that strategic management concepts and tools are adopted by the well-established organizations and less attention has been paid by the SME sector. When it is discussed about the growth and survival of the SME sector, it is important to practice and adopt these concepts. With that view this study attempts to examine the impact of Strategic Orientation (SO) on venture performance. On the other hand small businesses also should be competitive enough to face the competition in order to survive in the market. Accordingly this study aims to examine the impact of competitive strategies on venture performance. Strategic management literature points out that the culture is an important factor in implementing strategies and to be strategically oriented. Accordingly organizational culture has been identified as a moderating variable. In order to achieve these objectives, a conceptual frame work has been proposed by this study through a rigorous literature review.considering the persistence of such decisions over time, particularly in the extractive industries. Drawing on imprinting theory, this paper provides a theoretical link between the initial natural resource characteristics surrounding a firm’s birth and its choice of vertical integration. The main argument is that initial natural resource conditions have an imprinting effect on the vertical integration decisions made by firms in the extractive industries. An imprinting process through which imprinting happens is explained. This mechanism acts as the carrier of initial influences as how firms lock-in a decision for their supply chain management. We discuss the above mechanism and several propositions concerning the kind of influence different initial natural resource characteristics have on firm decisions. Our main contribution is presenting a natural imprinting view that can explain the enduring effect of natural environment characteristics on firms’ ownership structures in the extractive industries.Item The Impact of Entrepreneurial Orientation on the growth of SMEs in Sri Lanka(International Conference on Business, Marketing & Information System Management, 2015) Semasinghe, D.M.; Kumarpeli, K.I.Using growth of Small and Medium-size Enterprises (SME‟s) we investigated the relationship between the Entrepreneurial Orientation (EO) and growth of SME‟s in Sri Lanka. As EO has three dimensions, the study also aims to investigate to what extent these dimensions affect the growth. It was mainly hypothesized that higher entrepreneurial orientation leads to high venture growth. Venture growth was measured by sales growth and employment growth of firms. Results confirmed that EO has an impact to the venture growth of SMEs. Further, it was found that innovativeness and risk taking propensity have a positive impact on venture growth. However, results indicate that proactivness has no significant impact on the venture growth. The results of the study have important implications to the existing entrepreneurs, potential entrepreneurs, investors, researchers, consultants and policy makers.Item Trends in working capital management and its impact on firms' performance : An analysis of Sri Lankan small and medium enterprises.(International Journal of Accounting & Business Finance, 2017) Semasinghe, D.M.; Mahasena, Senanayake; Dayaratna Banda, O.G.A well designed and implemented working capital management is expected to contribute positively to the creation of a firm's value. The purpose of this paper is to examine the trends in working capital management and its impact on firms' performance. The trend in working capital needs and profitability, liquidity, solvency and value added of firms are examined to identify the causes for any significant differences between the industries. The dependent variables of working capital strategy, profits, liquidity, solvency and value added appropriately measured is used to investigate the status quo of a sample of 25 small and medium enterprises, using panel data analysis for the period 2009 – 2012. The correlation results show that: high levels of short term finance is positively associated with financial risk levels: the hardcore working capital extent also reflects positive relations with the cash conversion cycle whilst both profitability and solvency states records positively to the value added quantum. The regression results 'all sectors' shows that high profitability and solvency states are associated with higher levels of value added and dividends. The key variables used in this analysis are value added, dividend and earnings per share, net assets and return on investment. Strong significant relationships between the stipulated variables have also been found in previous empirical work. No hidden champions of best practice were evident within the industries. The findings also reveal an increasing trend in the short term component of working capital financing.Item The effects of working capital management on profitability, liquidity, solvency and organic growth with special reference to SMEs: A review.(International Journal of Accounting & Business Finance, 2017) Semasinghe, D.M.; Mahasena, Senanayake; Dayaratna Banda, O.G.A well designed and implemented working capital management is expected to contribute positively to the creation of a firm's value and ultimately to its organic growth extent. The purpose of this paper is to review the trends in working capital management and its impact on firms' performance and organic growth as experienced in previous studies. The theoretical underpinnings have also been evaluated and recorded as preliminary comments. The examination of literature has been categorized, so as to consider micro aspects of: definitions, nature, generics of working capital management and the key contributions of profitability, liquidity, solvency leading to organic growth. On a macro footing the impact of small and medium enterprise on national development in Sri Lanka and hence the need for a differentiated approach has been examined. A strong significant relationship between working capital management and profitability, liquidity, solvency and financial health has been found in previous empirical work. A case in point would be to determine by further research the extent of presence of these value drivers and determine the extent to which they champion, the cause of value enhancement amidst an increasing trend in the short-term component of working capital financing as reflected in their respective 'financial architectures'. Adoption of 'cutting edge' strategies and tactics in relation to working capital management practice seems to be a need for most SMEs in Sri Lanka.Item ENTREPRENEURSHIP AND UNEMPLOYMENT: A LITERATURE REVIEW.(International Conference on Business & Information, 2013) Semasinghe, D.M.; Musa, B.M.A great deal of ambiguity exists in the literature over the relationship between entrepreneurship and unemployment. The simple theory of income choice, which has been the basis for numerous studies focusing on decision confronted by individuals to start-up venture and become entrepreneur i.e. the increase in unemployment will lead to an increase in start-up activity (push-effect) on the grounds that the opportunity cost of not starting a venture has decreased. This study aims to contribute to the entrepreneurship literature by exploring the relationship between the two conflicting concepts; entrepreneurship and unemployment. In this paper we reviewed the relationship between entrepreneurship rate and unemployment rate using exploratory research. Furthermore, using secondary data we attempt to address the ambiguity between the two concepts empirically. However, we assumed that increase in entrepreneurship activities reduced unemployment, at the same time, high rate of unemployment lead to slowdown or decrease in entrepreneurial activity in an economy. Using available literature, we tried to justify this notion and reconciled the two conflicting concepts, for policy-makers and researchers as well.Item Entrepreneurial Orientation and Growth: The Moderating Role of National Culture.(J Entrepren Organiz Manag, 2016) Semasinghe, D.M.; Dissanayake, D.M.Complementing to the inferences of previous research, this paper seeks to investigate the moderating impact on the relationship of Entrepreneurial Orientation (EO) and venture growth. This study conducted as a cross sectional survey and utilized the sample frame of the registry of Small Enterprises Development Division, Sri Lanka. 317 entrepreneurs were captured from varied districts of Sri Lanka and the data were collected by means of a structured questionnaire. The assessment of the moderating effects was subjected to multi-group analysis and the moderation effect was observed in the Chi-Square difference test. Findings of the study revealed that, EO acts as a predictor of venture growth suggesting a direct positive relationship. EO-growth relationship is strengthening under a low power distant organization. Uncertainty and ambiguity an entrepreneur faces is also weaken the relationship of EO-growth. Finally, individualism weakens the relationship of EO-growth.Item The Gravity of Entrepreneurs’ Network Ties on the growth of the Business in Sri Lanka(European Journal of Business and Management, 2017) Semasinghe, D.M.; Kumarapeli, K.Using the business performances of the firm we investigated how network ties (NT) interfere to obtain business growth in Sri Lankan context. As NT consist of two constructs which are social NT and business NT, this study aims to what extent both constructs engaged to the growth of the business in distinctly. It was mainly hypothesized that entrepreneurs who have high NT could perform more than others who engaged with lack of NT in same context. Finally results confirmed that NT has a positive impact on business growth. However, results indicated that business NT has significant influence on business growth than social NT. The results of the study have important implications to the existing entrepreneurs, potential entrepreneurs, investors, researchers, consultants and policy makers.