Junior Management Science, Volume 1, Issue 2, December 2016

- Meruert Sagindyk, Necessity is the Mother of Invention: Rise of Creativity due to Constraints , 1-19
- Rebecca Luise Weyers, Auswirkungen von Geschlechtsunterschieden auf die Loyalität in Dienstleister-Kunden-Beziehungen, 20-31
- Alice Katharina Bauer, Learning from Business Failure – Does Restarting Affect the Business Model Design?, 32-60
- Annika Kreil, Do Elite Students Good? The Impact of Social Background on CSR Perception – an Empirical Analysis, 61-83
- Benedikt von Bary, Entwicklung eines modifizierten Binomialmodells zur Bewertung von Mitarbeiteraktienoptionen – Bewertungsmodell zur Berücksichtigung der Besonderheiten von Mitarbeiteraktienoptionen und Vergleich mit Angaben der DAX und MDAX-Unternehmen, 84-117
Necessity is the Mother of Invention: Rise of Creativity due to Constraints
Meruert Sagindyk, Technische Universität München (Bachelorarbeit)
Junior Management Science 1(2), 2016, 1-19
Keywords: Constraints, Creativity, Innovation, Scarcity, Invention
Auswirkungen von Geschlechtsunterschieden auf die Loyalität in Dienstleister-Kunden-Beziehungen
Rebecca Luise Weyers, Universität Mannheim (Bachelorarbeit)
Junior Management Science 1(2), 2016, 20-31
Keywords: Loyalität, Gender, Service, Dienstleister, Geschlecht
Learning from Business Failure – Does Restarting Affect the Business Model Design?
Alice Katharina Bauer, Otto-von-Guericke University Magdeburg (Masterarbeit)
Junior Management Science 1(2), 2016, 32-60
models of the initial, failed business and the subsequent business by conducting an in-depth multiple-case study. Particularly, five semistructured interviews with entrepreneurs who failed and restarted were conducted to allow for the theory building approach according to Eisenhardt (1989). In addition, to triangulate data and enrich the findigns objectively two interviews were held with bankruptcy trustees, experts in the field of business failure. Especially the information provided by the experts enhanced the cross-case analysis. By employing the business model concept as a unit of analysis in the context of restart entrepreneurship, I am able to provide in-depth, empirically-based insights into behavioral outcomes of failure-based entrepreneurial learning. The multiple-case study provides evidence that an entrepreneur rather improves the business model of the failed business than creating a completely novel business model design for a subsequent, new business. Findings also show that learning from failure is affected by situation-specific, entrepreneur-related conditions, which becomes obvious in the business model design of the subsequent businesses. Particularly, the time span between failure and restart, external support and outside options have an impact. Thus, learning from business failure does not automatically take place but is affected by the entrepreneur’s willingness and ability to reflect on past experiences and further conditions that are beyond the entrepreneur’s scope of influence. Therefore, the thesis enhances existing literature on failure-based learning as it highlights that failure-based learning does not happen automatically, but requires certain cognitive capabilities that depict a precondition for successful transfer of learning outcomes to an operational level. Overall, the thesis emphasizes a difference between business closure and serial entrepreneurship on the one hand and business failure and restart entrepreneurship on the other hand. This distinction is of particular importance for entrepreneurship research, as the behavior of serial entrepreneurs seems to follow a different logic compared to restart entrepreneurs. This important finding calls for future research that may rely on the thesis as groundwork and contributes to a deeper understanding of restart entrepreneurship. Managers or entrepreneur on the other hand shall use the findings as a guide. The thesis highlights the importance of the business model
and its benefits for the real-world as a tool to objectively consider value creation and capture. In particular, the entrepreneur or manager shall check and critically analyze his or her business in terms of the internal and external fit the business model design. Furthermore, in the case of an approaching or already existent business failure, entrepreneurs should take time for reflection and learning; consider external
advice and accept responsibilities and deal with costs of failure openly.
Keywords: Business Failure, Learning, Restart Entrepreneurship, Business Model
Do Elite Students Good? The Impact of Social Background on CSR Perception – an Empirical Analysis
Annika Kreil, Ludwig-Maximilians-Universität München (Bachelorarbeit)
Junior Management Science 1(2), 2016, 61-83
Keywords: Corporate Social Responsibility (CSR), Stakeholder theory, Bourdieu’s Social Reproduction Theory, Habitus, Leadership
Entwicklung eines modifizierten Binomialmodells zur Bewertung von Mitarbeiteraktienoptionen – Bewertungsmodell zur Berücksichtigung der Besonderheiten von Mitarbeiteraktienoptionen und Vergleich mit Angaben der DAX und MDAX-Unternehmen
Benedikt von Bary, Technische Universität München (Masterarbeit)
Junior Management Science 1(2), 2016, 84-117
Bei der Konzeption des Modells wurde großer Wert auf die Möglichkeit einer einfachen Implementierung gelegt. Dies unterscheidet das entwickelte Verfahren von den meisten vorhandenen wissenschaftlichen Veröffentlichungen und ermöglicht einen Vergleich der aktienoptionsbasierten Vergütung über verschiedene Unternehmen und Jahre hinweg.
Das vorgestellte modifizierte Binomialmodell erreicht eine Korrelation von über 82% mit den Angaben aus den Geschäftsberichten der DAX- und MDAX-Unternehmen aus den Jahren von 2006 bis 2012. Durch die Berücksichtigung der unterschiedlichen Besonderheiten reduziert sich der Wert der betrachteten Mitarbeiteraktienoptionen um durchschnittlich 35% im Vergleich zu einer Bewertung anhand des Black-Scholes-Modells ohne zusätzliche Anpassungen.
Keywords: orstandsvergütung, Mitarbeiteraktienoptionen, aktienbasierte Incentives, Binomialmodell, Corporate Governance