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This paper draws on research with Vietnamese businesses in London which seeks to challenge some of the traditional views of transnational entrepreneurship. These have focused primarily on entrepreneurs embedded in both home and host countries and the need for regular travel between the two to manage the business. In contrast, this study suggests that transnational entrepreneurship today is more fluid than previous studies have suggested and is often characterised by multi-polar (rather than bipolar) links. Travel is also less relevant in the current age of ‘super-connectivity’. The research explores how Vietnamese entrepreneurs in London draw on various forms of transnational capital to further the development of their business, and develops a framework to measure the degree and extent of the transnational embeddedness and dependency of the business. The results suggest that transnational entrepreneurship amongst ethnic minority entrepreneurs today is better viewed as a continuum rather than a set of discrete business types. [ABSTRACT FROM PUBLISHER]

Since the 1980s, local authorities and central government have come to recognise ethnic minority small business development in inner city areas as a valid policy issue. This can be seen as a response to under-representation by particular black groups in the small business sector and promotion of small business as a focus of government economic policy for inner cities. The Greater London Council (GLC), prior to its abolition in 1986, played a key role in pioneering local government initiatives targeted to the needs of black owned businesses and those aspiring to be self-employed. These are now being implemented by the Greater London Enterprise Board (GLEB). The paper analyses the development and implementation of these initiatives in the wider policy context of GLC's radical economic strategy. [ABSTRACT FROM AUTHOR]

When business strategists use option-like thinking to inform investments in physical infrastructure, developers need to operationalize leaving the options open at project implementation. This study defines safeguard as the design and physical development work for ensuring, or enhancing, the embedment of an option in the project outcome. Safeguards account for design changes stemming from option exercising if the environmental uncertainties resolve favorably in the future. They range from a design effort to secure space in a master plan (passive) to the construction of an integral component (active). A multiple-case study on the expansion of Heathrow airport shows how the confluence of two contingencies underscores decisions to safeguard under a limited budget. Safeguarding is more attractive when: 1) the assumed uncertainty that the option will get in the money is low because the outlay sunk on safeguards is more likely to pay off; and 2) the infrastructure architecture is modular because only the interfaces between components may require safeguarding. Irreversible investments on safeguards increase the option cost and reduce the exercising costs in the future. Safeguards therefore play out as a control point for strategic option-like thinking at project implementation. The empirical findings are summarized in a conceptual framework. [ABSTRACT FROM AUTHOR]