
Ivan Paunovic
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Papers by Ivan Paunovic
Design/Methodology/Approach: The study is based on a sample of 300 respondents obtained at a German university of applied sciences and consisting of students, scientific and non-scientific staff and alumni. The data was analyzed through IBM SPSS and Smart PLS to test the four hypotheses related to entrepreneurial intention and its antecedents.
Findings: The study provides a critical perspective on the usefulness of the TPB framework extended with identity for predicting the entrepreneurial intention in the entrepreneurial university context. Based on the study results, it is hypothesized that entrepreneurial intention is best explain through a combination of entrepreneurial attitudes, social norms in relation to entrepreneurship and entrepreneurial identity, while excluding behavioral control as the least important predictor with lowest relevance. This has implications both for TPB-based research as well as self-efficacy based
research on entrepreneurial intention, as the two are considered to be related concepts.
Research limitations and implications: Practical implications: Practical implications relate to demonstrating the usefulness of the TPB and
identity for evaluating the entrepreneurial intention in terms of broad and diverse range of activities of an entrepreneurial university. Transfer managers, officers in incubators and accelerators can deploy and expand this approach to use it in diverse and mixed settings for comparing and mapping entrepreneurial intention among diverse set of stakeholders.
Originality/value: The article empirically tests the combined theory of planned behavior and identity theory in a sample of diverse rspondents, beyond students to include also scientific and non-scientific staff of a university and alumni as important stakeholders in the entrepreneurial university. This is an
important empirical and conceptual adition to existing literature with theoretial and practical implications.
practices, two policlinics, and two dental practices), a review of laws and strategies relevant to the field, and three sessions of discussions with eight experts (four authors and four additional experts). The research methodology follows an empirical, mixed-method case study research procedure. The results are presented in relation to the aspects of frugality, family orientation, and sustainabilityoriented innovation. The timeline of the six case studies demonstrates the increasing importance of health entrepreneurs in rural areas due to the aging population and, therefore, increased needs for quality healthcare in these areas. The financing instruments have also become more formal and substantial in recent years, enabling the growth of healthcare businesses in rural areas. However, a major obstacle to further sustainable development remains the non-refundability of services before the state-owned, obligatory health fund, creating major social inequalities, especially in rural areas.
and deploys a content analysis, netnography, and structural equation modeling (SEM) in order to test the hypothesis on business model extensions of wineries, which have been set forth in the previous literature. The findings indicate that business model extensions related to online sales platforms have a positive impact on winery business size. These results mean that developing online sales platforms enlarges the winery BM (business model) size and type (manager-run, state-owned, or cooperatives).
The paper presents in detail the impact of winery BM extensions on winery BM model type and size, thereby contributing to the literature on business model innovation.
related both to the project of a municipality–university innovation partnership, as well as the historic development of the university in its three missions, and, related to the important third mission, themes relevant for the project. In addition, a “toolkit” of relevant project activities is presented against the major identified themes, major project stakeholders, as well as relevant Sustainable Development Goals (SDGs). Universities should look beyond a purely economic contribution and should augment all three missions (teaching, research, engagement) by considering social, environmental, and economic aspects of its activities. Instead of considering a government’s role solely as that of a regulator, a much more creative and purposeful cooperation between university and government is possible for creating a regional culture of entrepreneurial initiatives in a rural region.
brand reputation and equity. A netnographic approach allowed to observe winery portfolio labeling
approaches and create a typology of winery labeling strategies. Expert evaluation served to assess the
dependent variable brand equity by deploying a regression analysis. For the observed wine industry,
being part of the food industry, creating consistent and recognizable brands has a direct relevance for
reducing (sustainability-related) food information overload and thereby building sustainable brand
equity. The results uncover the relative importance of each of the six identified labeling strategies as
well as their impact on reputation and brand equity creation. The results point to the need to establish
a consistent strategically founded product communication. Such an approach with a positive effect on
reputation building can serve to build sustainable brand equity. “Stuck in the middle”-type strategies
apparently diminish winery brand equity exploitation. The findings contribute to the knowledge on
food labels in product communication strategies and their impact on organizational brand equity, thereby having high relevance for the implementation of environmental certification initiatives in an organizational context. The article deploys a novel research approach in an under-researched area to provide new insights for further research as well as implications for practice.
The purpose of this study is to provide insight into characteristics of visitor demand for a regionally oriented vinotheque (wine bar and shop) at a UNESCO world heritage destination in Germany. The research especially focuses on expected offer components for a wine bar and shop, including wine-related products and services, to test the theoretical notion of blurred division between product and service offerings. The literature review has revealed that implications of this conceptual notion on wine bar and shop offer creation could be profound as there are different types of wine bar and shops with different product–service combinations. Moreover, the offer creation needs to take into account the overall needs of wine bar and shop visitors and consider them as experience seekers and not necessarily utility-maximizing players. In this sense, the paper expands previous research on vinotheques that primarily took the wine retail perspective.
Design/methodology/approach
The study deals with wine-related sales, offer design and the importance of tourism and hospitality for wine sales in a non-growing wine market. However, the concept of increasing wine sales through tourism and hospitality brings to the forefront the issues of creating integrated offerings of products and services. This is why, the study deploys the concepts of hybrid products and experience economy. The primary data have been collected via self-administered, paper-based questionnaire (Appendix 2) amongst visitors at the St. Goar/Loreley tourist destination. The goal has been to reveal the importance of a wine bar and shop as a wine sales channel, whether visitors are interested in visiting a wine bar and shop, what major expectations they have entering a vinotheque, as well as what major offer components of products and/or services are they interested in. Total sample size was N = 400. Major statistical procedure deployed was descriptive statistics, as well as PCA (principal component analysis) of expectations and offer analysis in regards to products and services.
Findings
By deploying the PCA on the data regarding interest in buying wine-related products and services, three offer configurations have been extracted, out of which only one is purely related to products, whilst the other two are hybrid products, meaning a combination of wine-related products and services. Relevance of architectural design illustrates that visitors also seek experience. These findings confirm previously discussed theories on the importance of integrating products and services into hybrid products and creating experience with a suitable combination of products and services.
Research limitations/implications
Data collection has taken place in a confined timeframe (two summer months). No active measures have been taken to ensure the validity of the sample through quotas or similar techniques. The research sample and location are somewhat limited for making conclusions in other geographical regions, but replicating the study in different contexts can add to the comparability of the results on the level of Germany, but also internationally. The empirical evidence for superior customer value of hybrid offerings and integrating services into product-centric offer design is of paramount importance for selling wine in a highly competitive market in absence of market growth. Wine bar and shop allows to differentiate the offer by creating wine-related experience through a combination of product (wine and wine-related products), hospitality/gastronomic services and tourism services. The insights also illustrate the idea of new market opportunities via connecting converging industries.
Practical implications
The study contributes to close a gap identified in the literature review that German wineries lag wine-tourism activities. It provides advice in regards to offer design and hybrid offerings and an experiential experience supported by architectural design. Such an approach offers the potential to win market share in a non-growing market – an ambition of the players in the market but also an obvious challenge.
Social implications
The findings contribute to regional development. Furthermore, arguments for cooperative behavior are provided. This should also help to minimize free ridership and its negative social implications.
Originality/value
The paper adopts a multidisciplinary approach to the creation of wine bar and shop offer. The results point out that offerings should be created around a core wine tourism product – regional and cellar door offer – and be expanded by “food design” – components, attractive architectural elements, as well as web shop services, thereby creating an advanced wine-related experience. It confirms the importance of theoretical concepts such as experience economy, hybrid products and solution provision in the case of wine bar and shop, by testing these concepts on the group of visitors at a German wine and cultural destination.
Design/Methodology/Approach: The study is based on a sample of 300 respondents obtained at a German university of applied sciences and consisting of students, scientific and non-scientific staff and alumni. The data was analyzed through IBM SPSS and Smart PLS to test the four hypotheses related to entrepreneurial intention and its antecedents.
Findings: The study provides a critical perspective on the usefulness of the TPB framework extended with identity for predicting the entrepreneurial intention in the entrepreneurial university context. Based on the study results, it is hypothesized that entrepreneurial intention is best explain through a combination of entrepreneurial attitudes, social norms in relation to entrepreneurship and entrepreneurial identity, while excluding behavioral control as the least important predictor with lowest relevance. This has implications both for TPB-based research as well as self-efficacy based
research on entrepreneurial intention, as the two are considered to be related concepts.
Research limitations and implications: Practical implications: Practical implications relate to demonstrating the usefulness of the TPB and
identity for evaluating the entrepreneurial intention in terms of broad and diverse range of activities of an entrepreneurial university. Transfer managers, officers in incubators and accelerators can deploy and expand this approach to use it in diverse and mixed settings for comparing and mapping entrepreneurial intention among diverse set of stakeholders.
Originality/value: The article empirically tests the combined theory of planned behavior and identity theory in a sample of diverse rspondents, beyond students to include also scientific and non-scientific staff of a university and alumni as important stakeholders in the entrepreneurial university. This is an
important empirical and conceptual adition to existing literature with theoretial and practical implications.
practices, two policlinics, and two dental practices), a review of laws and strategies relevant to the field, and three sessions of discussions with eight experts (four authors and four additional experts). The research methodology follows an empirical, mixed-method case study research procedure. The results are presented in relation to the aspects of frugality, family orientation, and sustainabilityoriented innovation. The timeline of the six case studies demonstrates the increasing importance of health entrepreneurs in rural areas due to the aging population and, therefore, increased needs for quality healthcare in these areas. The financing instruments have also become more formal and substantial in recent years, enabling the growth of healthcare businesses in rural areas. However, a major obstacle to further sustainable development remains the non-refundability of services before the state-owned, obligatory health fund, creating major social inequalities, especially in rural areas.
and deploys a content analysis, netnography, and structural equation modeling (SEM) in order to test the hypothesis on business model extensions of wineries, which have been set forth in the previous literature. The findings indicate that business model extensions related to online sales platforms have a positive impact on winery business size. These results mean that developing online sales platforms enlarges the winery BM (business model) size and type (manager-run, state-owned, or cooperatives).
The paper presents in detail the impact of winery BM extensions on winery BM model type and size, thereby contributing to the literature on business model innovation.
related both to the project of a municipality–university innovation partnership, as well as the historic development of the university in its three missions, and, related to the important third mission, themes relevant for the project. In addition, a “toolkit” of relevant project activities is presented against the major identified themes, major project stakeholders, as well as relevant Sustainable Development Goals (SDGs). Universities should look beyond a purely economic contribution and should augment all three missions (teaching, research, engagement) by considering social, environmental, and economic aspects of its activities. Instead of considering a government’s role solely as that of a regulator, a much more creative and purposeful cooperation between university and government is possible for creating a regional culture of entrepreneurial initiatives in a rural region.
brand reputation and equity. A netnographic approach allowed to observe winery portfolio labeling
approaches and create a typology of winery labeling strategies. Expert evaluation served to assess the
dependent variable brand equity by deploying a regression analysis. For the observed wine industry,
being part of the food industry, creating consistent and recognizable brands has a direct relevance for
reducing (sustainability-related) food information overload and thereby building sustainable brand
equity. The results uncover the relative importance of each of the six identified labeling strategies as
well as their impact on reputation and brand equity creation. The results point to the need to establish
a consistent strategically founded product communication. Such an approach with a positive effect on
reputation building can serve to build sustainable brand equity. “Stuck in the middle”-type strategies
apparently diminish winery brand equity exploitation. The findings contribute to the knowledge on
food labels in product communication strategies and their impact on organizational brand equity, thereby having high relevance for the implementation of environmental certification initiatives in an organizational context. The article deploys a novel research approach in an under-researched area to provide new insights for further research as well as implications for practice.
The purpose of this study is to provide insight into characteristics of visitor demand for a regionally oriented vinotheque (wine bar and shop) at a UNESCO world heritage destination in Germany. The research especially focuses on expected offer components for a wine bar and shop, including wine-related products and services, to test the theoretical notion of blurred division between product and service offerings. The literature review has revealed that implications of this conceptual notion on wine bar and shop offer creation could be profound as there are different types of wine bar and shops with different product–service combinations. Moreover, the offer creation needs to take into account the overall needs of wine bar and shop visitors and consider them as experience seekers and not necessarily utility-maximizing players. In this sense, the paper expands previous research on vinotheques that primarily took the wine retail perspective.
Design/methodology/approach
The study deals with wine-related sales, offer design and the importance of tourism and hospitality for wine sales in a non-growing wine market. However, the concept of increasing wine sales through tourism and hospitality brings to the forefront the issues of creating integrated offerings of products and services. This is why, the study deploys the concepts of hybrid products and experience economy. The primary data have been collected via self-administered, paper-based questionnaire (Appendix 2) amongst visitors at the St. Goar/Loreley tourist destination. The goal has been to reveal the importance of a wine bar and shop as a wine sales channel, whether visitors are interested in visiting a wine bar and shop, what major expectations they have entering a vinotheque, as well as what major offer components of products and/or services are they interested in. Total sample size was N = 400. Major statistical procedure deployed was descriptive statistics, as well as PCA (principal component analysis) of expectations and offer analysis in regards to products and services.
Findings
By deploying the PCA on the data regarding interest in buying wine-related products and services, three offer configurations have been extracted, out of which only one is purely related to products, whilst the other two are hybrid products, meaning a combination of wine-related products and services. Relevance of architectural design illustrates that visitors also seek experience. These findings confirm previously discussed theories on the importance of integrating products and services into hybrid products and creating experience with a suitable combination of products and services.
Research limitations/implications
Data collection has taken place in a confined timeframe (two summer months). No active measures have been taken to ensure the validity of the sample through quotas or similar techniques. The research sample and location are somewhat limited for making conclusions in other geographical regions, but replicating the study in different contexts can add to the comparability of the results on the level of Germany, but also internationally. The empirical evidence for superior customer value of hybrid offerings and integrating services into product-centric offer design is of paramount importance for selling wine in a highly competitive market in absence of market growth. Wine bar and shop allows to differentiate the offer by creating wine-related experience through a combination of product (wine and wine-related products), hospitality/gastronomic services and tourism services. The insights also illustrate the idea of new market opportunities via connecting converging industries.
Practical implications
The study contributes to close a gap identified in the literature review that German wineries lag wine-tourism activities. It provides advice in regards to offer design and hybrid offerings and an experiential experience supported by architectural design. Such an approach offers the potential to win market share in a non-growing market – an ambition of the players in the market but also an obvious challenge.
Social implications
The findings contribute to regional development. Furthermore, arguments for cooperative behavior are provided. This should also help to minimize free ridership and its negative social implications.
Originality/value
The paper adopts a multidisciplinary approach to the creation of wine bar and shop offer. The results point out that offerings should be created around a core wine tourism product – regional and cellar door offer – and be expanded by “food design” – components, attractive architectural elements, as well as web shop services, thereby creating an advanced wine-related experience. It confirms the importance of theoretical concepts such as experience economy, hybrid products and solution provision in the case of wine bar and shop, by testing these concepts on the group of visitors at a German wine and cultural destination.
Objectives: Identifying the components of tourist satisfaction on the level of destination using primary research data. Using secondary sources to identify related marketing concepts to tourist satisfaction: service quality, destination loyalty and image, and their relation to tourist satisfaction. Identifying major components of DMO service quality, tourist destination brand loyalty, and destination brand image.
Methodology: Using Principal Component Analysis (PCA) of primary research data on tourist satisfaction to extract major components influencing tourist satisfaction. Using secondary sources to identify concepts related to tourist satisfaction.
Results: Tourist satisfaction has cognitive and emotional aspects which cannot be easily measured. As evidenced in the tourism literature and our primary research, the essential part of the tourist satisfaction is always satisfaction with the human contact, and the perception of the people on the destination, where aspects like safety, hospitality, and professionalism are of major importance. Tourist satisfaction, although one of the most important benchmarks for destination competitiveness, should not be considered without consideration of other related marketing tools such as destination loyalty, destination image and service quality. Moreover, mediating role of tourist satisfaction between service quality and destination loyalty is well documented in the literature.
Design-The research was designed to compare the basic market and seasonality of demand indicators of Kopaonik and Zlatibor mountains, in order to give recommendations for product development. The tourist parameters compared were integrated into a coherent sustainable development indicators model. The primary data was collected through survey, which was conducted as a component of the EU financed project: “Support to implementation of the National Strategy for Tourism” 07SER01/23/11.
Methodology- The research methodology used for comparing age, length of stay, level of daily spending, and satisfaction of tourists was independent samples t-test processed in SPSS, while methodology for image attributes, expense levels by categories and seasonality of demand was descriptive statistics.
Approach- The research combines market indicators with seasonality of demand indicators in order to give recommendations for sustainable product development, through benchmarking of 2 major mountain destinations.
Findings- The research showed that demographic segmentation is the single most important criteria for summer season mountain tourism market segmentation in the 2 mountain destinations in Serbia. Analysis of the image attributes expense categories showed that both mountain destinations (Zlatibor and Kopaonik) offer different value propositions to tourists and have different competitive advantages. Seasonality of demand analysis demonstrated highly unsustainable destination development on Kopaonik mountain.
Originality of the research- The research combines market data with the seasonality of demand indicators in order to offer novel product development solutions that would support development of green, sustainable tourism.
Keywords: Green economy, Marketing Mountain Destinations, Destination Benchmarking, Benhmarking, Tourism Product Development, Sustainable Development Indicators
The research revealed that there are different levels of tourist satisfaction among 7 thematic tourism groups: 1) Business, 2) Culture, 3) Sport and Adventure, 4) Health, 5) Fun and entertainment 6) Pleasure, and 7) Nature.
Principal Component Analysis (PCA) focused on tourist’s perceptions of the destination regarding following factors: nature, culture, attractions, history, professionalism of service, hospitality of the population, customer orientation, safety/security and cleanliness, and transportation.
The results of the presented research are especially interesting regarding the Fun and entertainment tourists and satisfaction with nightlife offer. They show the need to redesign that part of Serbia’s thematic tourism offer in order to be more compatible with other tourism products.
The Serbian tourism market is very rich in small niches on both supply and demand side of the market. This study attempted to demonstrate the important differences these groups of tourists do exhibit in terms of key behavioral traits. Tourism policy should address the identified groups of tourists with specially designed marketing and communication strategies, appropriate to the tourist’s needs and attitudes.