Understanding the International Entrepreneurial Process of Emerging Economy Firms: Evidence from Nigerian Smes

Total Page:16

File Type:pdf, Size:1020Kb

Understanding the International Entrepreneurial Process of Emerging Economy Firms: Evidence from Nigerian Smes Understanding the International Entrepreneurial Process of Emerging Economy Firms: Evidence from Nigerian SMEs Item Type Thesis Authors Nuhu, Nuraddeen S. Publisher University of Bradford Rights <a rel="license" href="http://creativecommons.org/licenses/ by-nc-nd/3.0/"><img alt="Creative Commons License" style="border-width:0" src="http://i.creativecommons.org/l/by- nc-nd/3.0/88x31.png" /></a><br />The University of Bradford theses are licenced under a <a rel="license" href="http:// creativecommons.org/licenses/by-nc-nd/3.0/">Creative Commons Licence</a>. Download date 28/09/2021 04:56:15 Link to Item http://hdl.handle.net/10454/17374 UNDERSTANDING THE INTERNATIONAL ENTREPRENEURIAL PROCESS OF EMERGING ECONOMY FIRMS: EVIDENCE FROM NIGERIAN SMES N.S NUHU PhD UNIVERSITY OF BRADFORD 2016 Understanding the International Entrepreneurial Process of Emerging Economy Firms: Evidence from Nigerian SMEs Nuraddeen Sani NUHU Submitted for the Degree of Doctor of Philosophy Faculty of Management and Law University of Bradford 2016 Abstract Nuraddeen S Nuhu Understanding the International Entrepreneurial Process of Emerging Economy Firms: Evidence from Nigerian SMEs Keywords: International entrepreneurship, processes, internationalization, formal institutions, emerging economies, Nigeria. This study is motivated by the need to improve the understanding of international entrepreneurship (IE) in emerging economies. Thus, the researcher conducted an in-depth case study of four Nigerian firms to investigate how divergent institutional conditions influence the processes of IE from emerging economies to developed economies. The findings of the study depict how entrepreneurial activity from emerging economies to developed economies can involve many sub-activities and processes to achieve opportunity identification, development, and exploitation. This process which appears disruptive is significantly supported through resource acquisition and development. However, this process of IE is heavily shaped by the institutional conditions of the international entrepreneur’s host and home markets. The institutional environment impeded growth and entrepreneurial aspirations while simultaneously facilitating access to resources, reducing risks and providing legitimacy to the firms. These simultaneous effects of institutions constrained strategic choices of the entrepreneurs and by so doing, shaped the means and processes by which they identify and execute international opportunities. The major contributions of this thesis include the validation of New Institutional Economics (NIE) framework for the examination of IE processes and empirical evidence demonstrating how entrepreneurial activity from emerging economies to developed economies can involve many sub-activities and processes to achieve opportunity identification, development, and exploitation. Also, the study guides emerging economy managers and entrepreneurs on ways to effectively manage their liabilities of smallness and foreignness. Lastly, the study provides some policy recommendations to facilitate the development of a conducive environment for entrepreneurship and IE to flourish in Nigeria. i Acknowledgements ‘I give thanks to Almighty Allah for always guiding me and providing me the courage and resilience to complete this thesis.’ I would like to thank many people that have guided, inspired and supported me throughout this journey. First and foremost, my Mum and Dad have been my greatest support and asset. No amount of gratitude from me will ever compare to the sacrifices they made so I may achieve this personal ambition. In many ways, they are more deserving of any credit for this work than me. May the good Lord continue to protect and guide you Baba Dadaji and Mum Salima. Secondly, I am truly indebted to my supervisors, Dr. Martin Owens and Professor Christos Kalantaridis. The great passion and commitment of Dr Martin helped me through the toughest times in this PhD journey. This dissertation would not have been completed without his energy and support. Also, I have benefitted immensely from Christos’s wisdom and experience. His support was crucial throughout this challenging journey. My gratitude also goes to the Faculty of Management and Law, University of Bradford. The support provided by Jackie Franklin, in particular, has been incredible. I am indeed grateful to the Nigerian companies that allowed me the opportunity to share their knowledge of internationalization. Mention can be made of Black Ivory Communications, Janit Queens Productions, Xandria Productions, John Tudy Interbiz and Frijay Consult. I must also acknowledge the excellent support of several Nigerian and US institutions. A few among them include Nigerian Export Promotion Council, Nigerian Export-Import Bank, Bank of Industry, Nigeria Customs Service, United States Embassy Abuja and United States Agency for International Aid (USAID). Furthermore, I would like to use this opportunity to thank individuals that have always stood by my side and by my family. Uncles Salisu Muhammed and Honourable Abdulazeez Tijjani have shown me great care and affection. To my ii aunty Dr Hadiza Nuhu and her spouse Professor Idris Bugaje who always held my hand. I am also grateful to Mallam Bala Ado K/mata, Alhaji Aliyu Dikko, M.S Baba, Sagir Muhammad and Alhaji Bello Mahmud (Sarkin Fulani) for their constant support and fatherly guidance. To my beloved wife Sumayya and my twin children Hassan and Hussein who have paid a stiff price for this thesis to be completed. This journey tested your patience and resilience in unimaginable ways. Thank you so much. I also want to mention aunty Saratu and the rest of my family: Atine, Abba, Hadiza, Rabiu, Halima, Nazif, Fatima, Aisha, and Muhammad, all of whom have been a source of great encouragement. Lastly, but certainly not least, I am thankful to all my PhD colleagues at Bradford University with whom we walked the walk. The limited space on this paper means I am unable to mention names, but all of you “fellow sufferers” made this experience a truly great and memorable one. God bless! iii Dedication This PhD thesis is dedicated to the loving memory of my late grandmother Hajia Amina Mallam Nuhu iv Table of Contents Abstract .............................................................................................................. i Acknowledgements .......................................................................................... ii Dedication......................................................................................................... iv Table of Contents .............................................................................................. v List of Figures ................................................................................................ viii List of Tables .................................................................................................. viii List of Abbreviations ....................................................................................... ix 1. Chapter One: Introduction ......................................................................... 1 1.1 The importance of international entrepreneurship ............................... 1 1.2 Research aim and objectives ............................................................... 10 1.3 Unit of analysis ...................................................................................... 11 1.4 Delimitations of scope .......................................................................... 11 1.5 The research process ............................................................................ 12 1.6 Research findings and contributions .................................................. 15 1.7 Key definitions ....................................................................................... 20 1.8 Structure of the thesis ........................................................................... 22 1.9 Chapter conclusion ............................................................................... 24 2. Chapter Two: Literature Review .............................................................. 25 2.1 Key concepts and definitions ............................................................... 25 2.2 Entrepreneurship as a process ............................................................ 42 2.3 Institutional theory ................................................................................ 62 2.4 Chapter conclusion ............................................................................... 83 3. Chapter Three: Methodology ................................................................... 85 3.2 Research design .................................................................................... 92 3.3 Data generation.................................................................................... 102 3.4 Data analysis ........................................................................................ 110 v 3.5 Triangulation ........................................................................................ 115 3.6 Integrity of the case study strategy ................................................... 116 3.7 Limitations of the case study research ............................................. 119 3.8 Ethical considerations ........................................................................ 120 3.9 Chapter conclusion ............................................................................. 121 4. Chapter Four: Nigeria in context ..........................................................
Recommended publications
  • Investigative Reporting
    Organization Cat Code Category Name Award Circ Group(s) Credits Entry Title Alexandria Times A05 Fashion and Personal Care First Place Non-Daily Group 4 Lyvian Sieg Bellies and Babies Alexandria Times A06 Food and Drug First Place Non-Daily Group 4 Lyvian Sieg Mount Purrnon Alexandria Times A10 Multiple Advertisers and Themed Pages First Place Non-Daily Group 4 Lyvian Sieg Village Hardware Grad Ad Alexandria Times A12 Professional Services (medical and healthcare-related only) First Place Non-Daily Group 4 Lyvian Sieg Cosmetic Hearing Alexandria Times A14 Small Space Ads First Place Non-Daily Group 4 Lyvian Sieg Winter Bellies and Babies Alexandria Times M01 Combination Picture and Story First Place Non-Daily Group 4 Lyvian Sieg, Denise Dunbar, Olivia Doran, Margaret Stevens, Cody Mello-Klein His long awaited day in the sun Alexandria Times M07 Specialty Pages or Sections First Place Non-Daily Group 4 Lyvian Sieg, Missy Schrott, Olivia Tucker, Stephanie Marrs, Elizabeth Holm Port City Flavor 2020 Amherst New Era-Progress D03 Slideshow or Gallery First Place Non-Daily Group 1 Lee Luther Jr. IRON Lives 5k race in Amherst Amherst New Era-Progress D04 Video First Place Non-Daily Group 1 Justin Faulconer A dramatic outdoor return Amherst New Era-Progress M03 General Make-Up First Place Non-Daily Group 1 Staff May 7, May 21, July 30 Amherst New Era-Progress P05 Pictorial Photo First Place Non-Daily Group 1 Lee Luther Jr. Candy Amherst New Era-Progress P08 Sports News Photo First Place Non-Daily Group 1 Lee Luther Jr. Fast Amherst New Era-Progress
    [Show full text]
  • The Peninsula of Fear: Chronicle of Occupation and Violation of Human Rights in Crimea
    THE PENINSULA OF FEAR: CHRONICLE OF OCCUPATION AND VIOLATION OF HUMAN RIGHTS IN CRIMEA Kyiv 2016 УДК 341.223.1+342.7.03](477.75)’’2014/2016’’=111 ББК 67.9(4Укр-6Крм)412 Composite authors: Sergiy Zayets (Regional Center for Human Rights), Olexandra Matviychuk (Center for Civil Liberties), Tetiana Pechonchyk (Human Rights Information Center), Darya Svyrydova (Ukrainian Helsinki Human Rights Union), Olga Skrypnyk (Crimean Human Rights Group). The publication contains photographs from public sources, o7 cial websites of the state authorities of Ukraine, the Russian Federation and the occupation authorities, Crimean Field Mission for Human Rights, Crimean Human Rights Group, the online edition Crimea.Realities / Radio Svoboda and other media, court cases materials. ‘The Peninsula of Fear : Chronicle of Occupation and Violation of Human Rights in Crimea’ / Under the general editorship of O. Skrypnyk and T. Pechonchyk. Second edition, revised and corrected. – Kyiv: KBC, 2016. – 136 p. ISBN 978-966-2403-11-4 This publication presents a summary of factual documentation of international law violation emanating from the occupation of the autonomous Republic of Crimea and the city of Sevastopol (Ukraine) by the Russian Federation military forces as well as of the human rights violations during February 2014 – February 2016. The publication is intended for the representatives of human rights organizations, civil activists, diplomatic missions, state authorities, as well as educational and research institutions. УДК 341.223.1+342.7.03](477.75)’’2014/2016’’=111 ББК 67.9(4Укр-6Крм)412 ISBN 978-966-2403-11-4 © S. Zayets, O. Matviychuk, T. Pechonchyk, D. Svyrydova, O. Skrypnyk, 2016 Contents Introduction.
    [Show full text]
  • Derbyhelgen 2021 Jägersro 3 September - 5 September
    BANPROGRAM STARTLISTOR 3/9-5/9 DERBYHELGEN 2021 JÄGERSRO 3 SEPTEMBER - 5 SEPTEMBER V75-OMGÅNGAR 51-52 // 2021 FÖRSTA START: Fredag 12.20 PRIS 40 KR Lördag 14.45 NR Söndag 13.00 32-34 NU ÄR DET ÄNTLIGEN DAGS FÖR Tomelilla 0417-28100 | Ystad 0411-29770 TRAVETS BLÅ BAND MICHELSENS BIL - SVENSKT TRAVDERBY 2021! Travderbyt är unikt då man bara får en chans. Det finns ingen Följ oss andra chans året efter! Om det är tufft att vinna ett ”vanligt” gärna på travderby så blir det extra svårt i år. Årets upplaga uppvisar sociala medier! nämligen ett fantastiskt startfält. Alla försökvinnarna imponerade storligen. Extra roligt då Cagnes-sur-Mer för att se och uppleva deras stora sommar- att vårt himmalag har två hästar med i form av Christoffer final i helgen som gick. Det börjar trots allt lätta i takt med Eriksson-tränade Digital Races och Per Nordströms Önas att allt fler vaccinerar sig. Prince. Blandningen av gamla rävar och nya utmanare känns Vi är som ofta väldigt positiva men lördagens ramlopp är även den spännande. Känns det inte som ett riktigt ”Dunder- l ö v t u n n a! Här måste vi ta oss en funderare på vad vi derby”…?! Vem som vinner… nej, det är omöjligt att säga. En behöver förändra framöver. sak vet vi… allt måste klaffa nu på söndag! Vi skulle i samband med denna Derbyhelg invigt en utställ- Vi hjälper till med en Derbystoet går inte heller av för hackor. Här känns det som ning om Nya Jägersro. Som ni förstår kan vi inte det p g a res- enkel & smidig bilaffär.
    [Show full text]
  • Download the Brochure
    NEW ZEALAND Share Our Vision Shape Your Future www.dlapiper.com/nzgrads SHAPE OUR VISION SHAPE YOUR FUTURE DLA Piper New Zealand’s flagship office in Commercial Bay, Auckland. 2 WWW.DLAPIPER.COM/NZGRADS Contents Introduction to DLA Piper ................................................4 What makes us different ..................................................6 Values, awards and vital statistics ..................................8 Our practice groups ....................................................... 10 Responsible business ..................................................... 12 Why DLA Piper? ............................................................... 14 An interview with Sara Battersby ................................. 15 What we look for ............................................................. 16 Opportunities ................................................................... 17 Your development ........................................................... 18 Law clerk application process and timeline .............. 19 3 SHAPE OUR VISION SHAPE YOUR FUTURE If you want to become a global lawyer you’ve come to the right place DLA Piper is a global business law firm located in more than 40 countries throughout the Americas, Europe, the Middle East, Africa and Asia Pacific, positioning us to help clients with their legal needs around the world. We strive to be the leading global business law firm by delivering quality and value to our clients and contributing to the communities we operate in. DLA Piper is a firm that’s challenging
    [Show full text]
  • Student Media Group
    Student Media Group Staff Handbook and Code of Ethics 2019 Revision INTRODUCTION And so The Breeze got its name. As the winner of the contest to name the college’s first Mission Statement regular student newspaper, Cleveland earned $2 for her entry, The primary purpose of The Breeze is to communicate to which barely beat out The Campus Cat by a coin toss. Since the JMU community news of import about the university, the its first publication on Dec. 2, 1922, The Breeze has weathered region and the state and nation as it pertains to JMU students, name and format changes, funding revocations and manage- faculty and staff. The Breeze is dedicated to maintaining the ment upheavals, all the while endeavoring to provide stu- highest of professional standards of journalism. Its major dents, faculty and staff and outlet for news and opinions for responsibility is to serve as a training ground and lab for edu- almost 90 years. cating students in applying techniques of print journalism. The Breeze has grown from a four-column, four-page — The Breeze Charter, adopted 1977 weekly publication with few illustrations and fewer photos, to a 20-plus page broadsheet newspaper published twice The Breeze, the student-run newspaper of James Madison weekly with full-color photos and graphics enhanced by the University, serves student and faculty readership by reporting latest software technology. Whereas now the paper is distrib- news involving the campus and local community. The Breeze uted to more than 90 locations on and off campus, the paper strives to be impartial and fair in its reporting and firmly be- originally was distributed to women on the way out of the lieves in First Amendment rights.
    [Show full text]
  • New Zealand Media Ownership 2018
    NEW ZEALAND MEDIA OWNERSHIP 2020 AUT research centre for Journalism, Media and Democracy (JMAD) Edited by Merja Myllylahti and Wayne Hope December 7, 2020 ABOUT THIS REPORT This report is part of JMAD’s ongoing series of reports on New Zealand media ownership. Since 2011, the AUT research centre for Journalism, Media and Democracy (JMAD) has published reports that document and analyse developments within New Zealand media. These incorporate media ownership, market structures and key events during each year. The reports are freely available and accessible to anyone via the JMAD research centre: https://www.aut.ac.nz/study/study-options/communication- studies/research/journalism,-media-and-democracy-research-centre 2020 report team To celebrate the JMAD research centre’s 10th anniversary, this 10th New Zealand media ownership report is co-written by AUT lecturers who are experts in their fields. The report is co-edited by the JMAD Co-Directors Dr Merja Myllylahti and Professor Wayne Hope. Contributors Dr Sarah Baker Dr Peter Hoar Professor Wayne Hope Dr Rufus McEwan Dr Atakohu Middleton Dr Merja Myllylahti Dr Greg Treadwell This report is covered by the Creative Commons Attribution License 4.0 International. When reproducing any part of this report – including tables and graphs – full attribution must be given to the report author(s). 1 10TH ANNIVERSARY OF JOURNALISM, MEDIA AND DEMOCRACY RESEARCH CENTRE The AUT research centre for Journalism, Media and Democracy (JMAD) was established in 2010 by (then) Associate Professors Wayne Hope and Martin Hirst to promote research into the media and communication industries and to increase knowledge about news and professional practices in journalism.
    [Show full text]
  • Directions to Atlantic Union Bank
    Directions To Atlantic Union Bank Shunnable Willy sometimes sprang any Lycidas evacuating ably. Bantering and half-cut Wadsworth derates while hated Terrel anagrammatized her polypeptide ahead and enlarged unexpectedly. Is Barrie furuncular when Silvanus preconcerts not? We pride and join now, national forest baptist and less and watch a checklist game you, directions to atlantic union bank using biller direct from newark penn station to Union Bank of India IFSC, address, branch phone number, manager contact number, email address. Your browser will redirect to your requested content shortly. Wondering how to the development of the atlantic city works and directions to atlantic union bank branches in an appointment is servicing your burden and. Learn more about Texas travel, driving laws and highway safety. At Lake Norman Pulmonary and Sleep Medicine, a variety of respiratory conditions and sleep disorders are addressed. Shredding Event Saturday and. Also my fault for not changing my address on their APP that requires you put in your card number to enroll. RBS plans for mass branch closures across Scotland will be painful for customers, communities and hundreds of staff. As a business owner with multiple accounts my needs are very diverse and Frank makes things easy for me. PM departure from Bloomfield to Newark, will not operate due to operator availability. Farthest participant on behalf o aprueba los angeles department, directions to atlantic union bank. Funds as well as customers are working days new location on an important information on atlas professionals whose focus, directions to atlantic union bank for figures are looking for a chase atm locations.
    [Show full text]
  • Monday, September 7, 2020
    TE NUPEPA O TE TAIRAWHITI MONDAY, SEPTEMBER 7, 2020 HOME-DELIVERED $1.90, RETAIL $2.20 INSIDE TODAY PAGE 6 PLEA FOR HAIR HELP TODAY Strength in PAGE 3 ....GONE ON Mateenbar THURSDAY PAGE 2 ....FROM MISSING KIWI’S FAMILY WAIKOHU WINNERS The sign says it all as the champagne is sprayed and arms are raised by GT Shearing Waikohu players after securing Poverty Bay premier club rugby’s Lee Bros Shield title on Saturday. The men from Te Karaka — coached by Ra Broughton — defeated East Coast Farm Vets YMP 27-20 in an excellent final at Rugby Park. It was the second premier crown in the history of the club. With Covid-19 restrictions in place, crowd numbers were limited and several thousand watched the final live online via Turanga FM, including New Zealand Warriors centre Peta Hiku, who hails from Whatatutu and attended Te Karaka School. Hiku was among the hundreds to post comments during the final. More on the final on the back page. Picture by Paul Rickard Search reveals 134 C Company soldiers did not get their medals; descendants encouraged to claim them THE never-received war medals of soldiers in the I’ve stood face-to-face with them and said, ‘hey, War Maori Battalion’s C Company are to be claimed 75 did you know we’re doing this kaupapa and your years later. dad hasn’t received his medals?’ They just couldn’t Lawyer David Stone has found the names of 134 believe it.” soldiers from the company who never received their Mr Stone will be at the C Company Memorial medals.
    [Show full text]
  • WASHER CONDITIONER Four Miles Northwest of Hue
    v» MONDAY, JULY 19, 1971 PAGE TWENTY-TW o Avttage Dally Nat Piass Ron lEn^nlng fim U) For The Week Bailed The Weather Jnly 17,1971 Clear, cool tonight; low in low Coventry; a son to Mr. .and Vernon St.; Mrs. Anna B. Mc- eoa. Tomorrow fair, warm with Manchester ZB A Cancels SAM To Sponsor About Town Mrs. Leonard .Siebert, Blench Cann, 2 Locust St., South Wind- 15,0p0 high near 86. Hiuraday’a out­ Rd., Bolton. sor; Mrs. Rachel V. Kraet A Zoning Board of Appeals Another Concert look fair and wairm. Three Manchester doctors Hospital Notes BIRTHS YESTERDAY: A Schmar, High Manor ParKT- have been re-elected to active meeting scheduled for to­ Manchester— A City of Village Charm daughter to Mr. and Mrs. Rockville; Robert J. Upton in, night at 7 at the Municipal Summer Activities in Man­ membership in the American VISITINO HOURS •<Francl8 Picano, 97 Mather St. 32 Conway Rd. Building has been canceled com nE TE Academy of General Practice, Intermediate Care Semi' chester (SAM) will sponsor its, vpl*. LXXXX, NO. 246 , Also, Walter Miller, East due to lack ef a quorum. (FOURTEEN PAGES) MANCHESTER, CONN., TUESDAY, JULY 20, 1971 (CleaaMTed AdverUstag tm P age 11) PRICE FIFTEEN CENTS the national association of gnlvate, noon • 2 p.m. and 4 DISCHARGED SATURDAY: Hartford; Mrs. Deborah P. second rock and blues concert ' family, doctors. They are Dr. A. p.m. • 8 p.m, private rooms, WllUam Jphnson, 462 Adams St.; Dumas and daughter, 66 School iTic-board has been unable Saturday at 6 :30 p.m.
    [Show full text]
  • Tourism Statistics Bulletin
    Statistics Sierra Leone An Effort under the NSDS April, 2011 CONTENTS TABLE OF CONTENTS………………………………... i ACKNOWLEDGEMENT…………………………..….... iii 1.0 INTRODUCTION………………………………………… 1 1.1 The Legal and Strategic Context of Tourism Development in Sierra Leone……………………………………………………….. 1 1.2 The Ministry of Tourism and Cultural Affairs (MoTCA)…………… 2 1.2.1 Policy Objectives of the Ministry……………………………………. 2 1.3 The National Tourist Board of Sierra Leone………………………. 3 1.3.1 Services Provided by the Board…………………………………….. 3 1.4 New Tourism Strategic Action Plan………………………………… 4 1.5 Strategic Policies/Regulations and Action Plan for the 4 Tourism Sector (2009 – 2014)………………………………………. 1.5.1 Key Government Policies & Regulations…………………………... 4 1.5.2 Strategies/Activities of the Tourism Sector (2009 – 2014)………. 5 1.6 Comparative Advantage of Sierra Leone as Unique Tourist Destination…………………………………………………… 5 1.7 The Private Sector and the Tourism Industry in Sierra Leone…... 7 2.0 TOURISTS/VISTIOR’S ARRIVALS (1988-2008)…… 9 2.1 Arrivals by Region……………………………………………………. 10 2.2 Overnight Stay In Hotels and Similar Establishments……………. 11 2.2.1 Hotel Occupancy Rates……………………………………………… 12 2.2.2 Registered/Licensed Establishments and Beds in Use (1999 to 2008)………………………………………………………… 13 2.2.3 Total Beds Available and Beds in Used in Hotels 14 (2006-2008)…………………………………………………………… 3.0 TRENDS IN REVENUE GENERATED FROM LEVIES AND REGISTRATION FEES………………... 15 3.1 Employment in the Tourism Industry……………………………….. 16 3.2 Expenditure by Visitors……………………………………………… 17 LIST OF FIGURES Fig. 1.1: Total Number of Visitors 1988-2008……………………………….. 9 Fig. 1.2: Total Numbers of Arrivals by Purpose (1998-2008)……………… 10 Fig. 1.3: Region of Origin of Visitors………………………………………….
    [Show full text]
  • In This Issue... If Markets Turn Sour Over the Next Year Or So, You May Get A
    WEEKLY REVIEW | ISSUE 322a | 11–17 june 2011 CONTENTS IN THIS ISSUE... STOCK REVIEWS STOCK ASX CODE REcoMMENdaTioN PAGE Computershare CPU Long Term Buy 5 John Addis stock UPDates If markets turn sour over the next year or so, you may get a chance QBE Insurance Group QBE Buy 9 to buy some of the country’s best businesses at very attractive prices. Westfield Group WDC/WRT Long Term Buy 10 This is where you should look... (see page 2) Features A wonderful watch list 2 Investor’s College | Appreciating depreciation 8 Gareth Brown Doddsville blog | Australia’s manufacturing fetish 10 Computershare is a wonderful company trading at a fair price. In EXtras the first of a two-part series, Gareth Brown examines what makes it tick... (see page 5) Blog article links 11 Podcasts links 11 Twitter links 11 Ask The Experts Q&As 12 Nathan Bell RecoMMenDation CHanges Depreciation is meant to help paint a picture of economic reality, Computershare upgraded from Hold to Long Term Buy although sometimes it’s used for the opposite purpose. Here’s how PORTFOLIO CHANGES to tell the difference... (see page 8) There are no recent portfolio transactions Gaurav Sodhi The obsession of the media and politicians with manufacturing in Australia has always baffled me. Kim ‘Il’ Carr, the responsible minister, is always quick to demonstrate he is ‘doing something’ to arrest the decline of the holy manufacturing sector... (see page 10) The Intelligent Investor If markets turn sour over the next year or so, you may get a chance to buy some KEY PoiNTS of the country’s best businesses at very attractive prices.
    [Show full text]
  • 1 Visitors' Memories of Wildlife Tourism
    Visitors’ memories of wildlife tourism: Implications for the design of powerful interpretive experiences Tourism Management (2011), 32, 4, 770-779. Roy Ballantynea, Jan Packera and Lucy A. Sutherlanda1 The University of Queensland, School of Tourism University of Queensland, 4072 Australia Abstract One of the aims of wildlife tourism is to educate visitors about the threats facing wildlife in general, and the actions needed to protect the environment and maintain biodiversity. To identify effective strategies to achieve this aim, this paper examines participants’ memories of their wildlife tourism experiences and explores processes through which such experiences can lead to long-term changes in conservation behaviour. Findings are based on 240 visitors’ extended open-ended responses to a follow-up web survey administered approximately four months after a visit to one of four marine- based wildlife tourism venues in South-East Queensland. Qualitative analysis revealed four levels of visitor response to the experience, implying a process involving what visitors actually saw and heard (Sensory Impressions), what they felt (Emotional Affinity), thought (Reflective Response), and finally what they did about it (Behavioural Response). Recommendations are provided for ways tourism managers and wildlife interpreters can maintain and strengthen these dimensions of memorable experiences in order to enhance visitor satisfaction and encourage visitors’ long-term adoption of environmentally sustainable practices. 1. Introduction The sustainable development of the tourism industry has been the topic of much debate in the last two decades (Cater and Goodall, 1992; Duffy, 2002; Holden, 2000; Honey, 1999; Sharpley, 2000; Smith and Eadington, 1992) and this period has seen significant improvements and greater investment in a more sustainable industry through, for example, efforts in tourism standards (Koeman, Worboys, De Lacy, Scott and Lipman, 2002) and guides to good practice (World Tourism Organization, 2000).
    [Show full text]