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Doctors In Business Journal: Your Source for Business Insights and Academic Material to help drive your success.
Breaking Barriers: Expanding Capital Access and Strengthening Entrepreneurial Ecosystems for New Venture Creation
Limited access to capital is widely recognized as a major constraint on entrepreneurship. Early-stage startups often have innovative ideas but lack collateral, operating history, or cash flow, creating a financing gap that hinders venture creation and growth. Our research draws on recent analyses and theory to highlight how strengthening entrepreneurial ecosystems – networks of financiers, mentors, institutions, and policy supports – can mitigate this constraint and spur new
Dr. Bruce Moynihan, Ph.D. in Business Administration
13 hours ago9 min read
What It’s Like to Retire in America After a Divorce: Four Americans Share How They Rebuilt Their Finances and Found a New Purpose
For millions of Americans, retirement arrives after the collapse of a marriage, forcing them to rethink not only their finances but also their identity, housing, relationships, and future. Divorce later in life has become increasingly common across the United States, creating a growing demographic of retirees learning how to navigate aging independently after years or even decades of partnership. The financial impact can be enormous. A divorce after age 50 often means splitti
Miguel Virgen, PhD Student in Business
3 days ago8 min read
Four Things to Know About Trump’s New Retirement Plan Order as Bipartisan Support for Coverage Grows
Millions of workers still do not get a retirement plan through their jobs. The White House says the order is designed to give workers access to a simple, portable, low-cost retirement-savings option by creating TrumpIRA.gov, a federal platform that connects eligible workers with private-sector IRAs that meet cost, transparency, and fiduciary standards. The administration says the site will be operational by January 1, 2027. That matters because the order is not trying to repl
Gary Blankfeid, Ph.D.
3 days ago6 min read
Money Can Buy Happiness: What New Research Reveals About Income and Well-Being
For decades, the phrase “money can’t buy happiness” has been repeated as a kind of universal truth. It has appeared in books, speeches, and everyday conversations, often used to suggest that emotional fulfillment lies beyond material wealth. But recent research is challenging that assumption in a meaningful way. The latest findings indicate that money can, in fact, make you happier—and not just in small or limited ways. What makes this research particularly compelling is its
Dr. Bruce Moynihan, Ph.D. in Business Administration
May 36 min read
The Resource-Based View, Resourcefulness, and Resource Management in Startup Firms
Startups operate under acute resource constraints and uncertainty. The resource-based view (RBV) of the firm suggests that sustainable advantage depends on valuable, rare, inimitable, and well-organized resources (Virgen, 2026). In the startup context, these resources often take the form of expertise, technology, or organizational innovations. Complementing this, resourcefulness – the founder’s creative ability to stretch and recombine scarce assets – enables startups to prog
Performance Measurement Tools for Sustainable Business: A Systematic Literature Review on the Sustainability Balanced Scorecard Use
Sustainability has evolved from a peripheral corporate concern into one of the central drivers of modern business strategy. Organizations across industries are increasingly expected to balance financial success with environmental stewardship, social responsibility, ethical governance, and long-term stakeholder value. Investors, consumers, regulators, employees, and communities now evaluate companies not only by profitability but also by their ability to operate sustainably in
Artificial Intelligence and the Changing Nature of New Ventures: Introducing the Virgen Framework for AI-Driven Entrepreneurship
The Virgen Framework: A framework for launching and operating a large company with a small team or a single founder by exploiting artificial intelligence (AI) at scale. The Virgen Framework is an organizational and strategic framework introduced in 2026 by Miguel Virgen that explains how large scale enterprises can be launched, managed, and scaled by a very small team, or a single founder through the systematic exploitation of artificial intelligence (AI) at scale. The fr
From Resources to Sustainable Advantage: A Deep Examination of the VRIO Framework in Strategic Management and Entrepreneurship
Strategic management scholarship has long been concerned with explaining why some firms consistently outperform others despite operating in similar industries and environments. While early strategy research emphasized industry structure and competitive positioning, subsequent scholarship shifted attention toward the internal characteristics of firms as the primary drivers of sustained performance differences. The VRIO framework (value, rarity, imitability and organization), h
Breaking Barriers: Expanding Capital Access and Strengthening Entrepreneurial Ecosystems for New Venture Creation
Limited access to capital is widely recognized as a major constraint on entrepreneurship. Early-stage startups often have innovative ideas but lack collateral, operating history, or cash flow, creating a financing gap that hinders venture creation and growth. Our research draws on recent analyses and theory to highlight how strengthening entrepreneurial ecosystems – networks of financiers, mentors, institutions, and policy supports – can mitigate this constraint and spur new
How Entrepreneurs Can Overcome Funding Challenges Through Digitalization and Innovation
Entrepreneurs often begin with more vision than capital. They may have a promising product, a strong market insight, and the determination to build something valuable, yet still face one of the most persistent obstacles in business: access to funding. Whether they are launching a startup, expanding a small business, or trying to survive a difficult early stage, the question of how to secure enough financial support can determine whether the venture moves forward or fades away
Challenges of Venture Capital in Supporting Startups and Ways to Improve Its Success
Venture capital has long been one of the most influential sources of financing for startups, especially for young companies that need more than a loan and less than a public market. It gives founders access to capital, mentorship, strategic networks, and credibility at the moment when their ideas are still fragile and their business models are still being tested. Yet despite its importance, venture capital is not a perfect system. Many startups struggle even after raising fun
The Resource-Based View, Resourcefulness, and Resource Management in Startup Firms
Startups operate under acute resource constraints and uncertainty. The resource-based view (RBV) of the firm suggests that sustainable advantage depends on valuable, rare, inimitable, and well-organized resources (Virgen, 2026). In the startup context, these resources often take the form of expertise, technology, or organizational innovations. Complementing this, resourcefulness – the founder’s creative ability to stretch and recombine scarce assets – enables startups to prog
HSBC Hit With $400 Million Exposure as Collapse of Complex Private-Lending Structure Reveals Hidden Risks
As traditional banks tightened lending standards after the global financial crisis, private credit firms, specialty lenders, and alternative financing structures stepped into the gap, creating a multitrillion-dollar market that promised flexibility, faster execution, and attractive yields. But the unraveling of a complex lending chain tied to mortgage broker Market Financial Solutions is now revealing the darker side of that boom. HSBC, one of the world’s largest banks, has e
Catalyst Pharma Agrees to $4.1 Billion Sale to Angelini Pharma in Landmark U.S. Expansion Deal
Italy-based Angelini Pharma announced a $4.1 billion acquisition of Catalyst Pharmaceuticals, a deal that marks the company’s long-anticipated entry into the United States healthcare market. The transaction instantly positions Angelini as a more influential player in the global biopharmaceutical landscape while giving the European company a direct foothold in one of the world’s largest and most profitable pharmaceutical markets. The acquisition reflects more than a simple cor
Bullish Lands $4.2 Billion Equiniti Deal as Crypto Industry Accelerates Tokenization of Traditional Finance
The cryptocurrency industry has spent years promising to bridge the gap between blockchain technology and traditional financial markets. Now, one of the sector’s most ambitious deals suggests that the transition may be entering a more serious and institutional phase. Crypto exchange Bullish has agreed to acquire Equiniti, one of the world’s largest transfer agents, in a $4.2 billion transaction. The acquisition immediately captured attention across both Wall Street and the cr
Chip Makers Send Nasdaq and S&P 500 to Fresh Highs as Intel Surges
Wall Street’s latest march to record territory was not driven by the usual broad market drift. It was powered by a focused and forceful move in semiconductor shares, with chipmakers turning into the day’s central market story and helping carry the Nasdaq Composite and the S&P 500 to fresh highs. On Tuesday, May 5, 2026, the S&P 500 and Nasdaq both finished at record closing levels, lifted by Intel and other AI-related names as investors looked past geopolitical noise and towa
VECTR: A Lightweight Requirements Prioritization Method for Software Startups Grounded in ROI, Time-to-Value, and Confidence
Recent research on startup requirements prioritization argues that common criteria in the literature do not always match what founders actually use in practice, especially when financial impact and speed of value creation matter most. VECTR was introduced as a lightweight prioritization method designed specifically for software startups and grounded in three criteria that matter deeply in early-stage environments: return on investment, time-to-value, and confidence. The metho
7 min read
Investigating Design Targets for an Effective Performance Management System: An Application of the Balanced Scorecard Using QFD
Designing an effective performance management system has become one of the most important challenges for modern organizations. Businesses operate in environments that are more competitive, more data-driven, and more unpredictable than ever before. Leaders are expected not only to measure performance but also to design systems that guide behavior, support strategy execution, and improve decision-making across every level of the organization. In this context, a performance mana
9 min read
The Entrepreneurial Process Model: A Dynamic Framework for Opportunity Creation, Evaluation, and Venture Evolution
The entrepreneurial process model represents one of the most influential frameworks in entrepreneurship scholarship, offering a systematic explanation of how new ventures emerge, evolve, and, in some cases, fail. Rather than portraying entrepreneurship as a single act of innovation or risk-taking, the model conceptualizes it as an unfolding process shaped by opportunity perception, individual cognition, resource constraints, institutional contexts, and market dynamics. This p
6 min read
The Triple Bottom Line Model: Integrating Economic Performance, Social Equity, and Environmental Sustainability
The Triple Bottom Line model has become one of the most influential frameworks for rethinking the purpose and performance of organizations in the twenty-first century. Coined by John Elkington in the 1990s, the concept challenges the traditional primacy of financial profit by asserting that organizational success should be evaluated across three interdependent dimensions: economic viability, social responsibility, and environmental stewardship. This paper offers an analysis o
4 min read
Talking with Venture Capitalists: Issues in Venture Capital Perceptions in Investment Decisions
Conversations with venture capitalists are often more than simple business meetings. They are high-stakes exchanges in which entrepreneurs attempt to persuade investors that their ideas, teams, and markets are worthy of support. For venture capitalists, these discussions are not just about numbers on a spreadsheet. They are about interpretation, judgment, trust, and perception. In many cases, the decision to invest is shaped as much by how a founder is perceived as by the raw
How Entrepreneurs Can Overcome Funding Challenges Through Digitalization and Innovation
Entrepreneurs often begin with more vision than capital. They may have a promising product, a strong market insight, and the determination to build something valuable, yet still face one of the most persistent obstacles in business: access to funding. Whether they are launching a startup, expanding a small business, or trying to survive a difficult early stage, the question of how to secure enough financial support can determine whether the venture moves forward or fades away
Resource Allocation in the News and Publishing Industry: The Strategic Role of Entrepreneurial Support Organizations
Resource allocation is one of the most important strategic decisions in the news and publishing industry. In a sector shaped by shifting audience habits, digital disruption, advertising volatility, and changing technology, how resources are distributed often determines whether a media organization thrives or struggles. Money, talent, time, technology, and attention are all scarce resources, and the way they are allocated affects newsroom performance, audience growth, editoria
Too Much of Two Good Things: The Curvilinear Effects of Self-Efficacy and Market Validation in New Ventures
Entrepreneurship is often celebrated as a domain of bold action, optimism, and persistence. Founders are expected to believe in their ideas even when evidence is limited and uncertainty is high. Among the psychological and market-based factors that shape entrepreneurial outcomes, self-efficacy and market validation stand out as especially important. Self-efficacy refers to an entrepreneur’s belief in their ability to perform the tasks required to start and grow a business. Ma
Venture Capital Challenges in the United States: Why Startups Face a Tougher Road to Funding and Growth
The venture capital industry has long been viewed as one of the driving forces behind innovation and economic expansion in the United States. From Silicon Valley technology giants to healthcare breakthroughs and fintech startups, venture capital has fueled the growth of companies that transformed industries and reshaped consumer behavior. For decades, the American venture capital ecosystem represented opportunity, rapid expansion, and wealth creation on a global scale. Howeve
Talking with Venture Capitalists: Issues in Venture Capital Perceptions in Investment Decisions
Conversations with venture capitalists are often more than simple business meetings. They are high-stakes exchanges in which entrepreneurs attempt to persuade investors that their ideas, teams, and markets are worthy of support. For venture capitalists, these discussions are not just about numbers on a spreadsheet. They are about interpretation, judgment, trust, and perception. In many cases, the decision to invest is shaped as much by how a founder is perceived as by the raw
South Korea Inflation Climbs to 21-Month High as Oil Prices Continue to Rise
South Korea’s inflation rate accelerated sharply in April, reaching its highest level in nearly two years as rising oil prices and geopolitical instability placed increasing pressure on the country’s economy. Inflation climbed 2.6% compared with a year earlier, marking the fastest pace since July 2024 and highlighting how international conflicts are once again reshaping global economic conditions. The inflation increase comes as tensions in the Middle East continue disrupting
Malaysia Central Bank Holds Interest Rates Steady as Middle East Conflict Clouds Economic Outlook
Bank Negara Malaysia, the nation’s central bank, acknowledged that the evolving situation in the Middle East presents significant uncertainty for the global economy. Officials emphasized that the ultimate economic impact will depend heavily on how the conflict develops in the coming weeks and months. The cautious language underscores mounting concerns among policymakers worldwide as geopolitical tensions continue influencing financial markets, commodity prices, and opportunit
The Venture Capital Imperative: Bridging Capital Gaps and Strengthening Ecosystems to Fuel Innovation and Growth in Micro- and Small-Scale Industries
New venture creation in micro and small industries (MSIs) is critically hampered by limited access to capital and weak entrepreneurial ecosystems. This report synthesizes research showing that venture capital (VC) can serve as a catalyst for innovation-driven growth: VC provides not only funding but also expertise, networks, and governance that help small firms innovate and scale34. However, the benefits of VC funding are mixed. While VC-backed startups often achieve rapid ea
Breaking Barriers: Expanding Capital Access and Strengthening Entrepreneurial Ecosystems for New Venture Creation
Limited access to capital is widely recognized as a major constraint on entrepreneurship. Early-stage startups often have innovative ideas but lack collateral, operating history, or cash flow, creating a financing gap that hinders venture creation and growth. Our research draws on recent analyses and theory to highlight how strengthening entrepreneurial ecosystems – networks of financiers, mentors, institutions, and policy supports – can mitigate this constraint and spur new
Outcome-Based Typology of Social Enterprises: Understanding Individual Transformation, Capital Provision, and Societal Influence
Social enterprises occupy a distinctive place in the modern economy because they are designed to produce more than financial returns. Unlike traditional businesses that concentrate primarily on profit maximization, social enterprises blend commercial activity with social mission. Their purpose is not only to sell products or services but also to address social, economic, environmental, or cultural problems. As the field has expanded, it has become increasingly clear that soci
Performance Measurement Tools for Sustainable Business: A Systematic Literature Review on the Sustainability Balanced Scorecard Use
Sustainability has evolved from a peripheral corporate concern into one of the central drivers of modern business strategy. Organizations across industries are increasingly expected to balance financial success with environmental stewardship, social responsibility, ethical governance, and long-term stakeholder value. Investors, consumers, regulators, employees, and communities now evaluate companies not only by profitability but also by their ability to operate sustainably in
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