Research on the Impact of Venture Risk Tolerance on R&D investments:Based on Entrepreneur Ability

How do start-ups enhance risk tolerance and core competition through product,technology,and service development?What is the relationship between the core competitiveness of start-ups and R&D investments?Based on the perspective of entrepreneurial ability,222 questionnaires were used to study the factors affecting the risk tolerance of start-ups and analyze the effect of risk tolerance on R&D investments.The research shows that the interactions of entrepreneur ability and start-up funds have a positive effect on the risk tolerance of start-ups,and the risk tolerance can positively promote R&D investment willingness and intensity for new products,technologies,and services.Also,R&D investment willingness plays a partial intermediary role between the risk tolerance of start-ups and the intensity of R&D investments.

An improved portfolio optimization model for oil and gas investment selection

For oil company decision-makers,the principal concern is how to allocate their limited resources into the most valuable opportunities.Recently a new management philosophy,＂Beyond NPV＂,has received more and more international attention.Economists and senior executives are seeking effective alternative analysis approaches for traditional technical and economic evaluation methods.The improved portfolio optimization model presented in this article represents an applicable technique beyond NPV for doing capital budgeting.In this proposed model,not only can oil company executives achieve trade-offs between returns and risks to their risk tolerance,but they can also employ an ＂operational premium＂ to distinguish their ability to improve the performance of the underlying projects.A simulation study based on 19 overseas upstream assets owned by a large oil company in China is conducted to compare optimized utility with non-optimized utility.The simulation results show that the petroleum optimization model including ＂operational premium＂ is more in line with the rational investors＇ demand.

Influence of organization learning on innovation output in manufacturing firms in Kenya

Knowledge entrepreneurship is increasingly becoming important in driving innovation for high levels of competitiveness.The purpose of this study was to investigate the relationship between Organization Learning(OL)and Innovation Output(IO)for improved performance in manufacturing firms in Kenya.The theoretical underpinnings on this study are the Schumpeter’s(1934)innovation theory of and the Gleick(1987)complexity theory.The methodology used was mixed method research because it provides a more holistic understanding of a thematic area.The research design that was used is cross-sectional design because it allows for making observations on different characteristics that exist within a group at a particular time.The target population was manufacturing firms across the country.Multi-stage sampling strategy was used to sample 303 respondents from 101 firms.Primary and secondary data were used to collect both qualitative and quantitative data.The questionnaire,interview schedule and a checklist of key informants were used to collect data.Content validity was used to ascertain the credibility of the research procedure and internal consistency technique was used to test for reliability.Correlation and linear regression were used to determine the relationship between OL and IO.Work disruptions were avoided by making prior arrangements and appointments.The findings indicate that OL has a significant influence on IO.It is recommended that lifelong learning,management support and risk tolerance should be encouraged to improve creativity.High creativity is important in raising the capacity to integrate internal and external knowledge for greater levels of IO.Further research should be carried out to find how customers and suppliers information can be utilized to enriched OL.