Submitted by Silvana Teresinha Dornelles Studzinski (sstudzinski) on 2016-06-15T13:01:35Z No. of bitstreams: 1 Elizandra Machado Ogliari_.pdf: 3447300 bytes, checksum: 9571434ce3c3036a37c4afc86c11a56d (MD5) / Made available in DSpace on 2016-06-15T13:01:35Z (GMT). No. of bitstreams: 1 Elizandra Machado Ogliari_.pdf: 3447300 bytes, checksum: 9571434ce3c3036a37c4afc86c11a56d (MD5) Previous issue date: 2015-12-18 / CAPES - Coordenação de Aperfeiçoamento de Pessoal de Nível Superior / PROSUP - Programa de Suporte à Pós-Gradução de Instituições de Ensino Particulares / A melhoria nos processos produtivos em busca da eficiência na produção de novos bens e o crescimento populacional acompanhado pela elevação no consumo, ocasionam uma crescente geração de resíduos sólidos. Verifica-se que os problemas ambientais são decorrentes do perfil de consumo que as pessoas passaram a adotar ao longo dos anos, porém há um aumento de preocupação com a destinação adequada dos resíduos sólidos gerados pela sociedade. O reflexo desta preocupação são leis que foram criadas para proteger o meio ambiente. Um marco na legislação brasileira foi a Política Nacional de Resíduos Sólidos, que busca com o apoio dos empreendimentos de catadores de materiais recicláveis, realizar uma gestão correta dos resíduos sólidos urbanos. No entanto, no país, os empreendimentos que realizam a coleta, triagem e comercialização de resíduos sólidos, possuem níveis elevados de rejeitos ocasionados nas atividades internas. Sendo assim, o objetivo deste trabalho foi analisar o gerenciamento dos resíduos sólidos urbanos em dois empreendimentos de catadores de materiais recicláveis localizados na região metropolitana de Porto Alegre/RS para propor, a partir destes estudos, ações voltadas ao aumento da eficiência de triagem dos empreendimentos de catadores de materiais recicláveis instalados em vários municípios brasileiros. Foi possível observar que variáveis externas às atividades dos empreendimentos de catadores de materiais recicláveis, como veículo utilizado na coleta, influenciam nos níveis de rejeitos encaminhados aos aterros. Gerencialmente, a coleta seletiva é mais eficaz para obter melhor aproveitamento dos materiais potencialmente recicláveis. A COOTRE que realiza a coleta seletiva de RSU com caminhão com carroceria e tria com a esteira parada, apresenta eficiência de 97,1% na triagem dos materiais potencialmente recicláveis. Já a COOPERESÍDUOS que recebe RSU procedentes da coleta regular realizada com caminhão compactador e opera a triagem em uma esteira com velocidade de 20m/min, possui eficiência de 15,6% na triagem de materiais potencialmente recicláveis. Cabe considerar, contudo que, embora percentualmente esta eficiência seja bem menor que a da outra cooperativa, em função da quantidade de resíduos coletados nesta forma (regular com posterior triagem) ser muito maior, o resultado financeiro ainda é superior. A efetiva melhoria no processo está na mudança do sistema de coleta, de regular para seletiva, já que na coleta regular realizada hoje em São Leopoldo, 59,7% do total coletado é inadequado à reciclagem de inertes. Estes resíduos nem deveriam passar por qualquer triagem, sendo encaminhados diretamente para área de disposição final. / The improvement in production processes in pursuit of efficiency in the production of consumer goods and population growth accompanied by an increase in consumption, cause an increasing solid waste generation. It appears that environmental problems are arising from the consumption profile that people have adopted over the years, but there is a concern increased with the proper disposal of solid waste generated by society. The reflection of this concern are laws that are designed to protect the environment. A milestone in Brazilian law was the National Solid Waste Policy, which seeks the support of pickers of recyclable materials enterprises, conduct proper management of municipal solid waste. However, in the country, the enterprises that carry out the collection, sorting and marketing of solid waste, have caused high levels of waste in the internal activities. Thus, the aim of this study was to analyze the management of municipal solid waste in two projects of recyclable material collectors located in the metropolitan region of Porto Alegre / RS to propose, from these studies, actions aimed at increasing the enterprises screening efficiency of recyclable material collectors installed in various municipalities. It was observed that external variables to the activities of waste pickers ventures as a vehicle used in the collection, influence the levels of waste sent to landfills. Management, selective collection is more effective for better use of potentially recyclable materials. The COOTRE that performs the selective collection of MSW with truck body and with industry to stop treadmill, shows 97,1% efficiency in the screening of potentially recyclable materials. COOPERESÍDUOS already receiving MSW coming from the regular collection held with compactor truck and operates screening on a treadmill at a speed of 20m / min, it has 15,6% efficiency in the screening of potentially recyclable materials. It is worth noting, however, that although this percentage efficiency is much lower than that of the other cooperative, depending on the amount of waste collected in this way (with subsequent regular screening) be much larger, the financial result is even higher. The actual process improvement lies in changing the collection system regularly for selective, since the regular collection held today in São Leopoldo, 59,7% of the total collected is inadequate recycling of aggregates. This waste should not go through any screening being sent directly to final disposal area.

With the advent of globalisation driving the People.s Republic of China to embrace its future, the local government has shown great enthusiasm promulgating one of the oldest industries. Foreign higher educational providers that operate in China through the mode of joint venture cooperatives between a Chinese and foreign institution of higher learning are becoming increasingly .knowledgeable-hungry. public or private universities and colleges. Such operations commonly known as Sino-foreign educational cooperatives (SFEC), are hotly spawned on the mainland, enrolling Chinese students through the division of responsibilities, roles and resources. The Chinese party is mostly responsible for the hardware support, supplying facilities and logistics as the part of the bargain, whereas the foreign party provides the intellectual software of academic programs. The locus of this qualitative study aims to present and investigate a distinct phenomenon of learning in SFEC through the theories of sociocultural perspective encumbered in a transitional context; Sino-foreign (SF) graduates to other workplace communities. Without common interests of social interaction, co-participation, and transformation, SFEC are often discredited due to various factors. The learning aims will feature participative and transformative themes that feature qualitative and interpretive methods. Thus, this research involves interviewing four relevant participants from the likes of two Chinese nationals and two non-Chinese, and how they view learning in SFEC applied to a transitional context, the workplace. My furtherance of analysis will generally stress learning, co-participation and transformative learning in activities that circumvents discriminatory elements of artifacts, identity profiling, relationships, commitment and workplace employment for the necessary transition. In the initial research phase, it did seem that putting learning into community practice in China was essential. In the closing stages, thoughts will flow to the legitimisation of participative and transformative learning, which forms the backdrop of this original theme of research gathered through previous works of similar purview. Prawatt and Floden (1994) remark that knowledge, and the belief that knowledge is the result of social interaction and language usage, and thus is a shared, rather than an individual, experience. Presumably, my chosen theories frame the interactive and shared communal nature of the Chinese society and learning systems. / na

La presència de les dones emprenedores a l' àmbit empresarial cada vegada va en augment y amb allò, l' interès per conèixer més sobre aquest potencial col·lectiu i els resultats que tenen les empreses que creen. D'una banda, els estudis publicats fins ara se centren en la seva majoria en països anglosaxons, per això existeix una necessitat per conèixer com és aquest col·lectiu en països amb cultura diferent. D'altra banda, existeix debat sobre els resultats de les mateixes per això es fa també necessari considerar aspectes nous en la valoració d'aquest tipus d' empreses. El present treball planteja l' objectiu de determinar l' influència dels factors del procés de creació d'empreses en els resultats de les empreses noves creades per dones. Això, a fi d'explicar alguna variació en els resultats d' aquestes empreses. L'estudi se centra a Espanya i en específic l' objecte d'estudi són empreses noves creades i dirigides per dones ubicades a les ciutats urbanes més grans d'Espanya (amb una població més gran de 500.000 habitants), que són: Barcelona, Madrid, Màlaga, Sevilla, València i Saragossa. Es realitza una revisió d' estudis empírics sobre l' activitat emprenedora femenina publicats i una perspectiva de l'activitat empresarial de dones a Espanya. S' analitzen diverses aportacions teòriques i empíriques referents a l' avaluació dels resultats d'empreses noves. Amb això, construir un marc conceptual que conjuga aquests temes i descriu els factors del procés de creació d'empreses que poden influir en els resultats d'aquest col·lectiu. La metodologia i disseny de l' investigació es basa en l'aplicació a emprenedores fundadores i dirigents de la seva empresa d'un qüestionari per correu postal a una mostra de 253 empreses, equivalent a una taxa de resposta del 22,33%. La qual, és considerada molt alta per a aquest tipus de qüestionaris i Espanya. Dit qüestionari d'elaboració pròpia identifica els factors que poden influir en els resultats d'una empresa nova. El model d' investigació va ser contrastat i provat mitjançant el mètode de regressió lineal per a les variables continues la família, objectius empresarials i resultats de les empreses i, els mètodes no-paramètrics dels Mann-Whitney i Kolgomorov-Smirov per a les variables dicotòmiques pla d'empresa, experiència professional i institucions externes . Els resultats mostren que el perfil soci demogràfic de les emprenedores espanyoles correspon al de països amb alts ingressos només amb petites diferències en el nivell educatiu i l' edat que són una mica més altes. Hi ha evidència significativa de l'efecte positiu que tenen els objectius empresarials perseguits per la emprenedora i el suport brindat per la seva família sobre els resultats de les seves empreses. També, es corrobora de manera parcial l'efecte positiu de les relacions amb institucions externes. En canvi, les variables d'experiència professional i pla d'empresa tenen un efecte nul. Aquesta investigació s'inscriu dintre d'un corrent de treballs empírics que estudien l'activitat del female entrepreneurship i, pretén ser una aportació que permeti ampliar el coneixement existent i pugui conduir a futures investigacions sobre aquest col·lectiu. / La presencia de las mujeres emprendedoras en el ámbito empresarial cada vez va en aumento y con ello, el interés por conocer mas acerca de este potencial colectivo y de los resultados que tienen las empresas que crean. Por un lado, los estudios publicados hasta ahora se centran en su mayoría en países anglosajones, por lo que existe una necesidad por conocer como es este colectivo en pasíses con cultura diferente. Por otro lado, existe debate sobre los resultados que tienen este tipo de empresas por lo que se hace también necesario considerar aspectos nuevos en la valoración de estas empresas. El presente trabajo plantea el objetivo de determinar la influencia de factores del proceso de creación de empresas en los resultados de las nuevas empresas creadas por mujeres. Esto, con el fin de explicar alguna diferenciación en los resultados de estas empresas. El estudio se centra en España y en específico el objeto de estudio son las nuevas empresas creadas y dirigidas por mujeres ubicadas en las ciudades urbanas más grandes de España (con una población mayor a los 500.000 habitantes), que son: Barcelona, Madrid, Málaga, Sevilla, Valencia y Zaragoza. Se realiza una revisión de estudios empíricos sobre la actividad emprendedora femenina publicados y una perspectiva de la actividad empresarial de mujeres en España. Se analizan diversas aportaciones teóricas y empíricas referentes a la evaluación de los resultados de nuevas empresas. Para así, construir un marco conceptual que conjunta estos temas y describe los factores del proceso de creación de empresas que pueden influir en los resultados de este colectivo. La metodología y diseño de la investigación está basada en la aplicación de un cuestionario por correo postal a una muestra de 253 emprendedoras fundadoras y dirigentes de su empresa, con una tasa de respuesta del 22,33%. La cual, es considerada muy alta para este tipo de cuestionarios y España. Dicho cuestionario de elaboración propia identifica los factores que pueden influir en los resultados de una nueva empresa. El modelo de investigación fue contrastado y probado mediante el método de regresiones lineales para las variables continuas la familia, objetivos empresariales y resultados de las empresas y, los métodos no-paramétricos de Mann-Whitney y Kolgomorov-Smirov para las variables dicotómicas plan de empresa, experiencia profesional e instituciones externas . Los resultados muestran que el perfil sociodemográfico de las emprendedoras españolas corresponde al de países con altos ingresos solo con pequeñas diferencias en el nivel educativo y la edad que son un poco más altas. Hay evidencia significativa del efecto positivo que tienen los objetivos empresariales perseguidos por la emprendedora y el apoyo brindado de su familia sobre los resultados de sus empresas. También, se corrobora de manera parcial el efecto positivo de las relaciones con instituciones externas. En cambio, son nulos los efectos de las variables experiencia profesional y plan de empresa. Esta investigación se inscribe dentro de una corriente de trabajos empíricos que estudian la actividad del female entrepreneurship y, pretende ser una aportación que permita ampliar el conocimiento existente y pueda conducir a futuras investigaciones sobre este colectivo. / The presence of female entrepreneurs in the business world is increasingly growing together with the interest in learning more about this potential collective and the performance of businesses that create. On the one hand, the studies published so far are mostly focused on Anglo-Saxon countries, so that there is a need to learn more about this group in countries with different culture. On the other hand, due to an existing debate about the performance of this kind of ventures, it is also necessary to consider new aspects for the valuation of these businesses. The current dissertation aims at determining the influence of factors of business creation process in the performance of new businesses created by women. This in order to explain some differences in the performance of these ventures. The study focuses on Spain and its specific object are the new companies run by women and located in the largest urban cities in Spain (with a population greater than 500,000), which are: Barcelona, Madrid, Málaga, Sevilla, Valencia and Zaragoza. A literature review of empirical studies published about female entrepreneurship and a perspective of this activity in Spain are realized. A range of theoretical and empirical contributions relating to the new businesses performance's evaluation are analysed. The purpose is to build a conceptual framework that brings together these issues and describes the factors in the process of venture creation that may influence the performance of this collective. The methodology and research design are based on the application of a questionnaire by mail to a sample of 253 women entrepreneurial founders and managers of his own business. The response rate was of 22.33%, which is considered very high for this type of questionnaire and Spain. Such a specifically designed questionnaire identifies the factors that may influence the performance of a new business. The research model was contrasted and tested through linear regression model for the continuous variables -family, business goals and business performance- and non-parametric methods Mann-Whitney and Kolgomorov-Smirov for dichotomous variables -business plan, professional experience and external institutions-. The results show that sociodemographic profile of Spanish female entrepreneurs is similar to the high income countries only with small differences in educational level and age that are a bit higher. There is a significant evidence of positive effect that corporate objectives pursued by the female entrepreneurs and the support of their families have on their businesses performance. Furthermore, the positive effect of relations with external institutions is partially corroborated. Whereas the effects of professional experience and business plan variables are null. This research falls into a series of empirical studies on female entrepreneurship activity, it is meant to contribute to widen the current knowledge and can lead to future research on this collective.

<p>^{With the advent of globalisation driving the People.s Republic of China to embrace its future,}^{the local government has shown great enthusiasm promulgating one of the oldest industries.}^{Foreign higher educational providers that operate in China through the mode of joint venture}^{cooperatives between a Chinese and foreign institution of higher learning are becoming}^{increasingly .knowledgeable-hungry. public or private universities and colleges. Such}^{operations commonly known as Sino-foreign educational cooperatives}</p><p>^(SFEC)^{, are hotly}^{spawned on the mainland, enrolling Chinese students through the division of responsibilities,}^{roles and resources. The Chinese party is mostly responsible for the hardware support,}^{supplying facilities and logistics as the part of the bargain, whereas the foreign party provides}^{the intellectual software of academic programs.}^{The locus of this qualitative study aims to present and investigate a distinct phenomenon of}^{learning in SFEC through the theories of sociocultural perspective encumbered in a transitional}^{context; Sino-foreign}^(SF)^{graduates to other workplace communities. Without common}^{interests of social interaction, co-participation, and transformation, SFEC are often discredited}^{due to various factors. The learning aims will feature participative and transformative themes}^{that feature qualitative and interpretive methods. Thus, this research involves interviewing four}^{relevant participants from the likes of two Chinese nationals and two non-Chinese, and how}^{they view learning in SFEC applied to a transitional context, the workplace.}^{My furtherance of analysis will generally stress learning, co-participation and transformative}^{learning in activities that circumvents discriminatory elements of artifacts, identity profiling,}^{relationships, commitment and workplace employment for the necessary transition. In the}^{initial research phase, it did seem that putting learning into community practice in China was}^{essential. In the closing stages, thoughts will flow to the legitimisation of participative and}^{transformative learning, which forms the backdrop of this original theme of research gathered}^{through previous works of similar purview. Prawatt and Floden (1994) remark that knowledge,}^{and the belief that knowledge is the result of social interaction and language usage, and thus is}^{a shared, rather than an individual, experience. Presumably, my chosen theories frame the}^{interactive and shared communal nature of the Chinese society and learning systems.}</p> / na

In der vorliegenden Arbeit wird der These nachgegangen, dass sich Baugemeinschaften als Wohnform, die von der Gemeinschaft und dem Zusammenleben geprägt ist, im Hinblick auf den demographischen Wandel und dessen Auswirkungen sich zum lebenslangen Bewohnen eignet. Untersucht wurden die baulichen und architektonischen, aber auch sozialen und organisatorischen Gegebenheiten am Beispiel 13 Dresdner Baugemeinschaften. Am Ende liegen Maßnahmen und Empfehlunen für künftige Bauherren und Planer vor. / The present study traces the hypothesis that joint building ventures as a form of living, that is affected by the community and the cohabit, in view of the demographic change and its effects, are suit to lifelong occupancy. To be proved are the structural and architectural, but also the social and organizational conditions using the example of 13 joint building ventures in Dresden. Finally there are measures and recommendations for future building owners and architects on hand.

網際網路(Internet)於1990年代中期蓬勃發展以來，營運模式(business model, BM)成為創投業者(venture capitalists, VCs)評估新興dotcom廠商能否在競爭中勝出的準則。從相關文獻指出，成功的營運模式不僅可形塑新產業，甚且重新分配新價值。因此，營運模式對廠商在市場的持續競爭力，求取生存與成長，具有重大的影響。 市場競爭的本質是以動態呈現，本研究嘗試探索具有動態性之營運模式架構。依循Eisenhardt(1989)個案研究法，本研究以6個新創廠商個案進行深度訪談，將訪談逐字稿進行逐句、逐段分析，歸納整理個案研究發現，並進行跨個案分析以取得個案的型態(pattern)。 從個案研究發現與分析，廠商必須面對環境、技術及競爭者等不確定性因素，廠商的營運模式須從外部不確定性因素中，發現具有利基的創業機會，也就是：廠商須提出能夠打造具利基市場之定位與地位之「價值主張」，以及提供生存與成長的動能之「獲利能耐」。從本研究發現與分析萃取出4個營運模式要素，亦即：廠商必須能夠擁有與動員「關鍵資源與能力」；建立「網絡與平台分享機制」；注重能夠產生領導趨勢、深度體驗及高築障礙之「產品/服務之設計與品質」；充分發揮擴展共創雙贏之「在地智慧」。然而，營運模式在動態的環境中，並非一成不變，廠商必須持續透過「配適、校準、嘗試錯誤及快速商品化」之動態調整機制，才可讓營運模式具有與時俱進的持續競爭力。 / In mid of 1990’s, the era of Internet booming, business models (BMs) had become the most important evaluation tools of venture capitalists to emerging dotcoms whether they can be successful competition from the market or not. From the literature review, it showed that the successful BM not only had reshaped the whole industry, but also had redistributed billions of dollars of value. For above reasons, BMs heavily influence to firms’ performance for getting survival and growth in competitive markets. The competitive nature of markets presents a dynamic characteristic. Under this circumstance, this research tries to explore the architecture of BM that is with the adapting mechanisms to a dynamic and competitive market. The research employs case study methodology and conducts 6 new venture cases. The first research question is to explore new ventures how to seize entrepreneurial opportunities. It can be found out new ventures how to confront uncertainties including environments, technologies, and competitors, which construct antecedents of BMs. From research findings, there are two antecedents, one is value propositions which make firms to craft a special position in a niche market, and the other is profitability capabilities. The second research question is to explore new ventures how to build up BMs and adapt to the dynamic settings. Extracting of case studies findings, there are four elements, including key resources and capabilities, sharing mechanism in network and platform, design and quality in products/services, local intelligence. Also, from the research findings, there are four mechanisms of dynamic adaptation, including alignment, fit, trial and error, and commercialization. In the dynamic markets, the optimal status to BMs is to adapt and renew automatically. On one hand, it makes firms to sense and seize opportunities which are coming from external uncertainties; on the other hand, firms have to keep their BMs on the right trajectory with mechanisms of dynamic adaptation. BMs with adapting mechanisms can make firms keep competitive advantages.

Diploma thesis analyses venture capital, which is part of alternative asset class investment. At the outset, paper very briefly discusses the private equity industry and differences between venture and buyout capital. Followed by a chapter that discusses entrepreneurship, entrepreneurial finance, financing alternatives for new ventures and the importance of venture capital and its impact on new businesses. Next chapter describes problems and risks that venture capital fund and entrepreneurs face after the contract is being signed. The paper also highlights some instruments that can be used against these risks and problems. The biggest part of thesis describes whole venture capital investment cycle from getting money, screening opportunities to valuation and exit of portfolio companies. Lastly the paper analyses venture capital in Central and Eastern Europe region (CEE) and briefly describes venture capital company based in Prague - Credo Ventures and its portfolio companies.

Abstracts in English, Xhosa and Southern Sotho / This study critically explores the link between internationalisation theories and outward foreign direct investment (FDI) – a linkage which is well documented in the literature. Numerous studies have established that the internationalisation process recognises both firm- and market-specific aspects, which greatly determine the direction of outward FDI in terms of volume and pattern. In this interaction, path dependency is determined by the intensity of overlapping aspects or linkages, from firm-level heterogeneity and host market aspects that direct investment patterns in terms of the latter, to the volumes of firm-level adjustments. Firm-level heterogeneity comprises those traits, which enable an individual firm to make an investment decision, select a market-entry strategy and create the competitive advantages that will sustain its investments. Macro-level or country-specific aspects encompass those traits or characteristics of host markets, which encourage FDI on the part of multinational enterprises (MNEs). Most studies overlook the path dependency of country- and firm-specific aspects, which are crucial to the internationalisation processes of international business, economics and trade. Academic studies either focus on macro- or micro-level aspects, without paying specific attention to the path dependency of expansion strategies. The present study attempts to fill these gaps in the existing body of knowledge, by investigating international business in these contexts. The rationale for undertaking this study was two-fold: first, FDI holds proven benefits for host markets, which include economic growth, industry spillover, human capital development and transitory tacit knowledge. From a firm-level perspective, outward FDI largely enhances the capacity of MNEs, prompting an increase in asset accumulation, market share and human capital development, the more efficient utilisation of resources and return on equity. In this study, an argument is presented for measuring the variables of both firm- and market-specific aspects, since most existing studies in this genre focus either on micro- or macro-level determinants, or totally overlook the importance of linkages. Second, no documented research has investigated the path dependency of expansion strategies, especially in Africa. Crucially, the importance of path dependency of South Africa’s outward investment has not been documented either. Further, existing evidence on the role the path dependency of expansion strategies plays in outward FDI are scarce, with even fewer studies following a sectorial approach. This study attempts to fill these academic research gaps by reflecting both firm- and market-level data from various sources for the period 1995–2015, using panel dynamic regression models. The study found that the linkages between firm heterogeneity (firm-level evidence) and market-level aspects create a path dependency of expansion strategies. MNEs adopt either joint ventures or wholly owned subsidiaries (or both) as market-entry strategies, but the decision is informed by the intensity of those firm heterogeneity aspects that allow them to exploit opportunities and mitigate risk in host markets. Notably, the intensity of path dependency seemingly varies from one industrial segment to the next. The impulse response approach delivered evidence that one standard deviation shock of firm-specific variables led to a moderate improvement in firm-level capacities in the short run, but a significant improvement in the long run. The same result was recorded for market-level aspects, with the intensity of the results varying from one industry to the next. The causality test attempted to explore the causal relationship between the study variables in both firm- and market-level aspects. Empirical evidence from the study indicates that the size of the firm and its capacity to utilise its resources efficiently, influence their investment in host markets. As regards market-specific aspects, the size of the economy, levels of industry and trade openness were found to have a causal effect on the inflow of FDI in host markets. The intensity of causal aspects was also found to vary from one industry to the next, due to variations in firm-level heterogeneity and their linkage in terms of aspects related to the host market. In sum, this study complements existing material on the subject of international business. / Olu phononongo luphicotha ikhonkco phakathi kweengcingane zamazwe ngamazwe kunye notyalo-mali ngokuthe ngqo oluphuma ngaphandle kumazwe asemzini (i-FDI) –indibaniselo ebhalwe kakuhle kwimiqulu yoncwadi. Izifundo ezininzi ezenziweyo ziye zaqinisekisa ukuba inkqubo yamazwe ngamazwe iyazamkela zombini inkampani- kunye nemiba ekhethekileyo yemarike, ezihlola kakhulukazi imikhombandlela (izikhokelo) ye-FDI yangaphandle ngokomthamo kunye nephatheni. Kule ntsebenziswano, indlela yokuxhomekeka ifunyanwa ngobungakanani bezinto ezisebenzelelanayo/ezingenanayo okanye izenzo zokuhlangana, ukusuka kwiintlobo-ntlobo zamanqanaba enkampani kunye neemfuno zabasingathe imicimbi yeendawo zokuthengisa (iimarike) iimpahla ezilawula iiphatheni zotyalo-imali ngokweyokugqibela, kwimilinganiselo yokulungelelaniswa kwenqanaba lwenkampani. Iintlobo-ntlobo zamanqanaba enkampani ziquka ezo mpawu, ezenza inkampani nganye yenze isigqibo sotyalo-mali, ikhethe isicwangciso sokungeniswa kwimarike kwaye siyile amathuba amahle okhuphiswano aya kugcina utyalo-mali. Inqanaba eliphezulu okanye iinkalo ezithile zelizwe zibandakanya ezo zimo okanye iimpawu zeemarike ezamkelekileyo, ezikhuthaza i-FDI kwiinkampani zamazwe ngamazwe (i-MNEs). Uninzi lwezifundo aziyiniki ngqalelo indlela yokuxhomekeka yelizwe kwimicimbi ekhethekileyo nebalulekileyo yenkampani kwiinkqubo zangokwamazwe oshishino lwamazwe ngamazwe, uqoqosho norhwebo. Uphando lwemfundo ephakamileyo lugxininisa kwiinkcukacha ezikwinqanaba eliphezulu okanye eliphantsi ngokunganiki ngqalelo kwindlela yokuxhomekeka yeendlela zokwandisa. Uphononongo lwangoku luzama ukuvala izikhewu/izikroba kulwazi olukhoyo., ngokuphanda ishishini lwamazwe ngamazwe kule meko. Ingqiqo ekwenzeni olu phando yahlulwe kubini: okokuqala, i-FDI inenzuzo eqinisekisiweyo kwabasingethe iimarike, ezibandakanya ukukhula koqoqosho, ukuchuma kwamashishini, ukuphuhliswa kwezakhono zabantu kunye nolwazi oludlulileyo lwezakhono. Ngakwicala lenqanaba lenkampani, i-FDI yangaphandle iphakamisa amandla e-MNE, ikhawulezisa ukunyusa uqokelelo lwempahla, isabelo semarike kunye nophuhliso lwabantu, ukusetyenziswa ngokufanelekileyo kwezixhobo kunye nokubuyela kubulungisa bokulingana. Kolu phononongo, impikiswano inikezelwe ukulinganisa iinguqu zombini yenkampani- kunye nemimiselo ethile yemarike, njengoko olunye uphando oluninzi olwenziweyo kolu hlobo lugxininisa koonobangela abakwizinga elisezantsi okanye eliphezulu, okanye kunganikwa ngqalelo tu kukubaluleka kwezenzo zokudibana / zokunxibelelana. Okwesibini, akukho phando lubhaliweyo oluphande indlela yokuxhomekeka kweendlela zokwandisa, ngakumbi e-Afrika. Ngokusesikweni, ukubaluleka kwendlela yokuxhomekeka yotyalo-mali lwangaphandle eMzantsi Afrika alukaze nalo lubhalwe phantsi. Ukongezelela, ubungqina obukhoyo kwindima yendlela yokuxhomekeka yeendlela zokwandisa kwi-FDI yangaphandle zinqabile, kwakunye nezifundo ezimbalwa ezilandela indlela yamacandelo. Olu phononongo luzama ukuzalisa izikroba zophando zemfundo ephakamileyo ngokuzibonakalisa zombini inkampani- kunye nedatha yamanqanaba emarike avela kwimithombo eyahlukeneyo yexesha lowe-1995-2015, usebenzisa iimodeli zepaneli ezinamandla zokubuy’umva. Uphononongo lufumanise ukuba ukudibana phakathi kweentlobo-ntlobo zenkampani (ubungqina bezinga lenkampani) kunye nemilinganiselo yezinga lemarike zidala indlela yoxhomekeko yeendlela zokukhula. Ii-MNE zamkela intsebenziswano ngokuhlangeneyo okanye bazibambele ngokwabo ngokupheleleyo (okanye zombini) njengeendlela zokungena kwimarike, kodwa isigqibo siphenjelelwa bubungakanani beentlobo-ntlobo zemicimbi yenkampani evumela ukuba baxhaphaze amathuba kwaye banciphise umngcipheko kwiimarike zenkampani. Ngokuphawulekayo, ubukhulu bokuxhomekeka wendlela yokuxhomekeka kukhangeleka kusahluka ukusuka kwicandelo elinye lozoshishino ukuya kwelinye elilandelayo. Indlela yokuphendula ngokungxama inikezele ubungqina bokuba ukuphazamiseka okusesikweni kwizinto eziguquguqukayo zenkampani ezikhethekileyo zikhokelele ekuphuculeni okusezingeni eliphakathi kwinqanaba kubungakanani benqanaba lenkampani ngexeshana, kodwa ukuphuculwa okubonakalayo nokubalulekileyo ekuhambeni kwexesha. Isiphumo esifanayo sabhalwa phantsi kwiinkalo zemarike, nobukhulu beziphumo zohluka ukusuka kwelinye ishishini ukuya kwelinye. Uvavanyo lwamaxesha athile luzame ukuphonononga ubudlelwane bamaxesha athile phakathi kwezifundo zezinto eziguquguqukayo kwiinkalo zombini inkampani –kunye nenqanaba lemarike/ neemeko zemarike. Ubungqina bamava obuvela kuphando lubonisa ukuba ubungakanani benkampani kunye namandla okusebenzisa uvimba wezixhobo ngokufanelekileyo, ziphembelela utyalo-mali kwiimarike zenkampani. Ngokubhekiselele kwimimandla ethile yemarike, ubungakanani boqoqosho, amazinga oshishino kunye nokuvuleka kwezorhwebo kufunyaniswe ukuba kunefuthe elenzekayo ngamaxesha athile ekungeneni kwe-FDI kubasingathi beemarike. Ubungakanani bemicimbi eyenzeka ngamaxesha athile yafunyanwa kwakhona ukuba yohlukile ukusuka kwelinye ishishini ukuya kwelinye, ngenxa yeenguqu kwiintlobo-ntlobo zeamanqanaba enkampani kunye nokudibana kwabo ngokwemiba enxulumene nabasingethe imarike. Kafutshane esi sifundo, sigcwalisa izixhobo ezikhoyo kwisihloko sezoshishino lamazwe ngamazwe. / Dinyakišišo tše di utolla ka tsinkelo kgokagano gareng ga diteori tša peyomaemong a boditšhabatšhaba le peeletšothwii ye e tšwago dinageng tša ka ntle (FDI) – e lego kgokagano yeo go ngwadilwego ka yona kudu ka dingwalweng. Dinyakišišo tše mmalwa di utollotše gore tshepedišo ya go bea maemong a boditšhabatšhaba e lemoga bobedi dilo tša difeme le tše di amanago le difeme, tšeo di laolago kudu fao FDI ya dinaga tša ka ntle e lebilego gona mabapi le bontši le mokgwa. Ka tirišanong ye, go tšea diphetho go ya ka maemo go laolwa ke bontši bja dilo tšeo di dirwago ka nako e tee goba dikamano, go tloga go go farologanya ditšweletšwa ka femeng le dilo tša mmaraka wa ka nageng tšeo di laolago mekgwa ya dipeeletšo mabapi le go ya ka mmaraka wa ka nageng, go ya go mehuta ye mentši ya dipeakanyo tša ka femeng. Go farologanya ditšweletšwa ka femeng go bopilwe ke diphetogo tše, tšeo di kgontšhago feme ye itšego go tšea sephetho sa mabapi le peeletšo, go kgetha maano a go tsena ka mmarakeng le go hlama menyetla ye mekaone yeo e tlago tšwetša pele peeletšo ya yona. Dikokwane tša ekonomi ye kgolo goba tša ka nageng di akaretša diphetogo tšeo goba dipharologantšhi tša mebaraka ya ka nageng, tšeo di hlohleletšago FDI ka karolong ya dikgwebo tša dinaga tša ka ntle (di-MNE). Dinyakišišo tše ntši di hlokomologile go tšea diphetho go ya ka maemo ga naga le ga dilo tša ka femeng ye itšego, tšeo di lego bohlokwa go tshepedišo ya peyomaemong a boditšhabatšhaba ya dikgwebo tša boditšhabatšhaba, diekonomi le kgwebišano. Dinyakišišo tša dirutegi di ka be di lebeletše kudu dilo tša ekonomi ye kgolo goba tša ye nnyane, ka ntle le go lebiša šedi ye kgolo go go tšea diphetho go ya ka maemo a boditšhabatšhaba ga maano a katološo. Dinyakišišo tše di leka go tlatša dikgoba tše ka tsebo ye e lego gona, ka go nyakišiša dikgwebo tša boditšhabatšhaba ka maemong a. Maikemišetšo a go dira dinyakišišo tše e bile a mabedi: sa mathomo, FDI e na le dikholego tšeo di tiišeditšwego go mebaraka ya ka dinageng, tšeo di akaretšago kgolo ya ekonomi, khuetšano ya diintasteri, tlhabollo ya bokgoni bja bašomi le phetišetšo ya tsebo ye e lego nyanyeng. Go ya ka maemong a difeme, FDI ye e tšwago dinageng tša ka ntle e godiša bokgoni bja di- MNE, ya hlohleletša koketšego ya khwetšo ya dithoto, ya kabelano ya mmaraka le ya tlhabollo ya bokgoni bja bašomi, tšhomišo ye kaone kudu ya methopo le go hwetša poelo go dikabelano. Ka mo dinyakišišong tše, go hlagišwa ntlha ya go ela diphapano tša bobedi dilo tša ka femeng le tša ka mmarakeng, ka ge bontši bja dinyakišišo tše di lego gona ka mo lekaleng le la dinyakišišo di lebeletše kudu tšeo di laolago ekonomi ye nnyane goba ye kgolo goba tšeo di hlokomologago ka botlalo bohlokwa bja dikgokagano. Sa bobedi, ga go dinyakišišo tšeo di ngwadilwego tšeo di nyakišišitšego go tšea diphetho go ya ka maemo ga maano a katološo, kudukudu ka Afrika. Se bohlokwa ke gore, bohlokwa bja go tšea diphetho go ya ka maemo ga peeletšo ya Afrika Borwa ya dinaga tša ka ntle ga se gwa ngwalwa le ge go le bjale. Godimo ga fao, bohlatse bjo bo lego gona ka ga mošomo wa go tšea diphetho go ya ka maemo fao go ralokago ka ga maano a katološo ka go FDI ya dinaga tša ka ntle e se bjo bontši, gomme go na le dinyakišišo tše mmalwa go latela mokgwa wo o lebeletšego makala. Dinyakišišo tše di leka go tlatša dikgoba tše tša dinyakišišo tša dirutegi ka go laetša tshedimošo ya bobedi ka maemong a difeme le ka mebarakeng go tšwa methopong ya mehutahuta go tloga ka mengwaga ya 1995–2015, ka go šomiša mekgwa ya kakanyo ya dikamano ye e fetogago. Dinyakišišo di hweditše gore dikamano gareng ga go farologanya ditšweletšwa (bohlatse bja ka maemong a difeme) le dilo tša maemo a ka mmarakeng di hlola go tšea diphetho go ya ka maemo ga maano a katološo. Di-MNE di šomiša masolo a mohlakanelwa goba dikhamphani tša ka fasana tšeo di laolwago ka botlalo (goba ka bobedi) bjalo ka maano a go tsena ka mmarakeng, eupša sephetho se laolwa ke bontši bja dilo tšeo tša go farologanya ditšweletšwa tšeo di di dumelelago go nyaka dibaka le go fokotša kotsi ka mebarakeng ya ka nageng. Seo se lemogilwego ke gore, bontši bja go tšea diphetho go ya ka maemo go bonala go fapane go ya ka karolo ya intasteri go ya go ye nngwe. Mokgwa wa go arabela kgoketšo wo o hlagišitšwego ka bohlatseng bja gore phapogo ya tlwaelo ya diphapano tša ka femeng e feleleditše ka kaonafalo ya magareng ya bokgoni bja difeme lebakeng le lekopana, eupša ka kaonafalo ye kgolo mo lebakeng le letelele. Dipoelo tše di swanago di begilwe ka go dilo tša maemo a ka mmarakeng, gomme bontši bja dipoelo tša fapana go ya ka diintasteri. Teko ya mathata yeo e bego e leka go utolla kamano ya tšeo di bakago se gareng ga phapano ya dinyakišišo ka go bobedi ka dilo tša ka femeng le tša ka mmarakeng. Bohlatse bja maitemogelo go tšwa ka mo dinyakišišong bo laetša gore bogolo bja feme le bokgoni bja yona bja go šomiša methopo ya yona gabotse ntle le mathata, di huetša peeletšo ya yona ka mebarakeng ya ka nageng. Mabapi le dilo tša ka mmarakeng, bogolo bja ekonomi, maemo a intasteri le go hloka sephiri ka kgwebišanong di bonwe di na le seabe sa go baka seemo go tseneng ga FDI ka mebarakeng ya ka nageng. Bontši bja dilo tše di bakago maemo go hweditšwe gape gore go fapana go ya ka diintasteri, ka lebaka la diphapano ka go farologanyo ya ditšweletšwa ka difemeng le kamano ya tšona mabapi le dilo tšeo di amanago le mmaraka wa ka nageng. Bjalo ka kakaretšo, dinyakišišo tše di tlaleletša dingwalwa tšeo di lego gona ka ga hlogotaba ya dikgwebo tša boditšhabatšhaba. / Business Management / D. Phil. (Business Management)

The purpose of this thesis is evaluate the economic development of firms, which are founded by venture capital through selected economic characteristics. Based on results of the analytical part is evaluated progress of venture capital in selected companies and are formulated founded facts in relation to investment of venture capital.

In der vorliegenden Arbeit wird der These nachgegangen, dass sich Baugemeinschaften als Wohnform, die von der Gemeinschaft und dem Zusammenleben geprägt ist, im Hinblick auf den demographischen Wandel und dessen Auswirkungen sich zum lebenslangen Bewohnen eignet. Untersucht wurden die baulichen und architektonischen, aber auch sozialen und organisatorischen Gegebenheiten am Beispiel 13 Dresdner Baugemeinschaften. Am Ende liegen Maßnahmen und Empfehlunen für künftige Bauherren und Planer vor. / The present study traces the hypothesis that joint building ventures as a form of living, that is affected by the community and the cohabit, in view of the demographic change and its effects, are suit to lifelong occupancy. To be proved are the structural and architectural, but also the social and organizational conditions using the example of 13 joint building ventures in Dresden. Finally there are measures and recommendations for future building owners and architects on hand.