There is considerable evidence that producer-level churning contributes substantially to aggregate (industry) productivity growth, as more productive businesses displace less productive ones. However, this research has been limited by the fact that producer-level prices are typically unobserved; thus within-industry price differences are embodied in productivity measures. If prices reflect idiosyncratic demand or market power shifts, high "productivity" businesses may not be particularly efficient, and the literature's findings might be better interpreted as evidence of entering businesses displacing less profitable, but not necessarily less productive, exiting businesses. In this paper, we investigate the nature of selection and productivity growth using data from industries where we observe producer-level quantities and prices separately. We show there are important differences between revenue and physical productivity. A key dissimilarity is that physical productivity is inversely correlated with plant-level prices while revenue productivity is positively correlated with prices. This implies that previous work linking (revenue-based) productivity to survival has confounded the separate and opposing effects of technical efficiency and demand on survival, understating the true impacts of both. We further show that young producers charge lower prices than incumbents, and as such the literature understates the productivity advantage of new producers and the contribution of entry to aggregate productivity growth.
Interview data from China are used to test an argument that executives develop personal connections in societies with underdeveloped legal support for private businesses. In China, such connections...
Recent advances in Generative Artificial Intelligence, particularly Large Language Models (LLMs), have stimulated growing interest in automating or assisting Business Process Modeling tasks using natural language. Several approaches have been proposed to transform textual process descriptions into BPMN and related workflow models. However, the extent to which these approaches effectively support complex process modeling in organizational settings remains unclear. This article presents a literature review of AI-driven methods for transforming natural language into BPMN process models, with a particular focus on the role of LLMs. Following a structured review strategy, relevant studies were identified and analyzed to classify existing approaches, examine how LLMs are integrated into text-to-model pipelines, and investigate the evaluation practices used to assess generated models. The analysis reveals a clear shift from rule-based and traditional NLP pipelines toward LLM-based architectures that rely on prompt engineering, intermediate representations, and iterative refinement mechanisms. While these approaches significantly expand the capabilities of automated process model generation, the literature also exposes persistent challenges related to semantic correctness, evaluation fragmentation, reproducibility, and limited validation in real-world organizational contexts. Based on these findings, this review identifies key research gaps and discusses promising directions for future research, including the integration of contextual knowledge through Retrieval-Augmented Generation (RAG), its integration with LLMs, the development of interactive modeling architectures, and the need for more comprehensive and standardized evaluation frameworks.
Business plan (BP) writing plays a key role in entrepreneurship education by helping learners construct, evaluate, and iteratively refine their ideas. However, conventional BP writing remains a rigid, linear process that often fails to reflect the dynamic and recursive nature of entrepreneurial ideation. This mismatch is particularly challenging for novice entrepreneurial students, who struggle with the substantial cognitive demands of developing and refining ideas. While reflection and meta-reflection are critical strategies for fostering divergent and convergent thinking, existing writing tools rarely scaffold these higher-order processes. To address this gap, we present the Meflex System, a large language model (LLM)-based writing tool that integrates BP writing scaffolding with a nonlinear idea canvas to support iterative ideation through reflection and meta-reflection. We report findings from an exploratory user study with 30 participants that examined the system's usability and cognitive impact. Results show that Meflex effectively scaffolds BP writing, promotes divergent thinking through LLM-supported reflection, and enhances meta-reflective awareness while reducing cognitive load during complex idea development. These findings highlight the potential of non-linear LLM-based writing tools to foster deeper and coherent entrepreneurial thinking.