Enterprise System Management

This collection of articles on Desklib explores the relationship between higher education and entrepreneurial activities, strategies for successful family-owned business and e-business. The articles discuss the impact of higher education on starting successful businesses, strategies for developing family-owned businesses and the characteristics and advantages of e-business.

Running head: ENTERPRISE SYSTEM MANAGEMENT
Enterprise System Management
Name of the Student
Name of the University
Authors note

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ENTERPRISE SYSTEM MANAGEMENT
Table of Contents
Article 1..........................................................................................................................2
Article 2..........................................................................................................................3
Article 3..........................................................................................................................4
References......................................................................................................................7

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Article 1
The effect of higher education on entrepreneurial activities and starting up successful
businesses by Hunady, J., Orviska, M., & Pisar, P
Summary
Common ideas of education and entrepreneurship
This paper discusses the relationship between higher education and entrepreneurial
activities. The issue of employment of educated youth is a matter of concern for many
countries. In general, entrepreneurship does not need much of the higher education. At the
same time, students who have studied in the universities and colleges might get new contacts,
entrepreneur skill-developing the scope and some positive attitude. This paper concentrated
on these contrasting elements of entrepreneurship and higher education and tried to get an
answer to this.
Aspects of research
The researchers have taken data from 40 non-EU and EU countries and used the IV
probit and probit regression for analysis. The study results suggest that higher education have
a strong influence on a person’s decisions of starting a business and achieving success in it.
The main questions in this research are based on four aspects, the tendency of the educated
people to start a business, maintenance of this business, in the long run, the effect of
entrepreneurial activity and courses on business-owning decisions, the impact of the
knowledge and skills on business durability.
Results of the study
Business benefits that arise from entrepreneurial education have different potential in
different countries. Countries like Brazil, Portugal and Croatia have the institutes that are

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leading in producing successful entrepreneurs. The result of the study shows that the people
who have higher education are more tend to start their own business than the lower educated
people. The people who take part in the entrepreneur activities and courses are even more
engaged in start-ups. The men are seen to be more interested in taking start-up risks than
women. Again the people who are investing more time (more than the age of 26 years) in the
study are interested in researches than starting a business. Another finding is that the person
whose parents have experience in self-employment are more active in starting their ventures.
The study also finds that people in the cities have a slightly better chance of success in their
business endeavours than the village entrepreneurs. The study has the limitation of not talking
about some factors influencing start-up success, like motivation, endogeneity and initial
skills.
Article 2
STRATEGIES FOR SUCCESSFUL FAMILY-OWNED BUSINESS by Zaki A., Rahayu M., &
Susilowati C.
Summary
Family Business Scenarios
Family businesses in Europe play an important role in employment and the economy.
Almost 50-60% of the jobs are created in the family-owned business in Europe. The 64%
workforce of USA is employed by about 80% of family businesses. Therefore, the
importance of family business in a country’s economy is commendable. This paper explains
the strategies used in the development of a family-owned business. The research is done in a
qualitative method involving the case study of Tutunlgaunge Regency, who deals with
military equipment.
Problems in family business strategies

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The authors have analyzed various aspects of family business strategies like principles
and roles of people, factors affecting the business growth, succession actions and stages for
choosing the successors. The businesses are developed in a way that it could gain success
through generations. Research says that most of the family businesses are developed by the
first generation. The whole process gets complicated when the business is transferred to the
next generations. The problem arises when there is a conflict between the values of the
successive generations. Inner and external factors that influence the family business contexts
are skilled and educated employees, the leadership of the owners, treating all family members
fairly and perspective of management and ownership.
Selection of successor
Study says that most of the complications and failure happen in the transition of ownership
from the first generation to a second and third generation. Only 14% of family-owned
business has a successful transition to the third generation. The selected company, therefore,
elects its successor democratically with the help of all family members. The family members
are educated firmly to have a business vision, and among them, the most efficient one is
selected to handover the leadership of the company.
Article 3
E-BUSINESS - A CONTEMPORARY REALISTIC FORM OF SUCCESSFUL BUSINESS by
Turcu, O., & Feraru, A.
Summary
E-business

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2.4 billion people in the world population are connected with the internet. The world
of business is hugely influenced by technological interventions. E-business is using the
internet and other information technology to achieve success or promote and build a business.
Use of internet in Business
Most of the companies in the modern business world have understood the importance
of the internet. The implementation of e-commerce is done through three types of integration-
Vertical Integration, used in traditional transactions, technological integration for getting
client support and managing them and integration in companies that comprises of virtual
markets and supplier and client websites.
Characteristics of E-business
E-business is a highly effective business method, and it should not be confused with
e-commerce. The basic difference lies in the fact that e-business is transferring the traditional
business into digital network business, whereas, e-commerce concerns with transactions of
services or goods through electronic mediums like the internet. The use of the internet in
business enhances the value delivering process, lowers cost, increases profits and creates a
unique value chain that links clients, company and the suppliers. The infrastructure used in e-
business is consists of servers, applications, databases, security software and management
instruments.
Advantages of E-business
Information is power, and with the increased use of mobile devices, the consumers
possess the power of information in their hands. Therefore, using the internet to reach
consumers is the most convenient and effective way to understand and fulfil their demands.
The internet reduces the barriers in operations in the market and marketing costs as well. The
density of information is increased among the participants in a business deal in a virtual

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market. The cost of storage, collection, and processing and data transmission is reduced,
resulting in enhancement of promptness and accuracy level of operations.

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References
Hunady, J., Orviska, M., & Pisar, P. (2018). The effect of higher education on entrepreneurial
activities and starting up successful businesses. Engineering Economics, 29(2), 226-
235.
Turcu, O., & Feraru, A. (2013). E-Business-A Contemporary Realistic Form Of Successful
Business. Studies and Scientific Researches. Economics Edition, (18).
Zaki, A., Rahayu, M., & Susilowati, C. (2018). STRATEGIES FOR SUCCESSFUL
FAMILY-OWNED BUSINESS. Jurnal Aplikasi Manajemen, 16(2), 215-223.