SMALL BUSINESS SURVIVAL IN CHINA: GUANXI, LEGITIMACY, AND SOCIAL CAPITAL

2005 ◽  
Vol 10 (01) ◽  
pp. 79-96 ◽  
Author(s):  
ELLIOT CARLISLE ◽  
DAVE FLYNN
Keyword(s):  
Social Capital ◽  
Small Business ◽  
Cultural Context ◽  
Business Owners ◽  
Small Business Owners ◽  
Chinese Enterprises ◽  
Business Survival ◽  
Foreign Enterprises

Previous research suggests that guanxi "costs" are significantly higher for private Chinese enterprises versus all other enterprise types, i.e., state, township and village (TVE), domestic and foreign enterprises. Also, consistent with its cultural context, guanxi is considered to be equally important in business as it is in life for all types of Chinese enterprises. Herein, the discussion is extended to describe the concept of guanxi as a means of garnering social capital in order to maintain legitimacy. Furthermore, some practical means are suggested for entrepreneurs and small business owners to build a necessary foundation for survival.

Small Business Stories: Surviving and Thriving Amidst the Pandemic

2021 ◽  
Author(s):  
Jamie McCall ◽  
Khaliid Scott ◽  
Urmi Bhatt
Keyword(s):  
Social Capital ◽  
Small Business ◽  
Business Owners ◽  
Business Community ◽  
Small Business Owners ◽  
Structured Interviews ◽  
Entrepreneurial Spirit ◽  
Aid Programs

The COVID-19 pandemic will leave an enduring mark on North Carolina’s small business community. Using a phenomenological framework, we conducted a series of in-depth semi-structured interviews with small business owners about how they addressed the pandemic’s challenges. Four central themes emerged that illustrate the complexity and nuance of small business resiliency. Our data suggest that to survive and thrive, entrepreneurs had to: (1) be adaptable and willing to pivot, (2) have an entrepreneurial spirit, (3) leverage their social capital, and (4) have the knowledge and ability to apply for aid programs.

Delegating for Small Business Success

1982 ◽  
Vol 7 (2) ◽  
pp. 33-41 ◽  
Author(s):  
Richard C. Cuba ◽  
Gene Milbourn
Keyword(s):  
Small Business ◽  
Management Practices ◽  
Business Owners ◽  
Business Success ◽  
Small Business Owners ◽  
Financial Success ◽  
Business Survival ◽  
Key Factor ◽  
Small Business Success ◽  
Specific Management

This research examines specific management practices used by small business owners in five eastern cities. Data collected from 154 firms were analyzed to determine the extent to which business owners delegate certain tasks to other employees. The degree of delegation of administrative and technical tasks was determined to be a key factor affecting business survival and financial success. Specific recommendations are made to entrepreneurs and educators concerning the delegation skills needed to manage a small business.

scholarly journals Small Business Owners’ Perception of Balanced Scorecard for Business Survival and Growth

2021 ◽  
Vol 9 (10) ◽  
pp. 14-33
Author(s):  
Dr. Emad Ahmed ◽  
Dr. Medhat Alsafadi
Keyword(s):  
United States ◽  
Small Business ◽  
Balanced Scorecard ◽  
Small Businesses ◽  
The United States ◽  
Business Owners ◽  
Small Business Owners ◽  
Business Growth ◽  
Business Survival ◽  
The Balanced Scorecard

The United States Small Business Administration (SBA) defines Small Business Enterprises (SMEs) business establishments that are independently owned managed or operated. Small business organization indicates that some of them have found the Balanced Scorecard to be very significant in boosting general performance in two key perspectives: higher complexity and management capability and drives change and enhance rapid growth. However, in the recent past, there has been increased study on the adoption of BSC in small organizations. The objective of this study was to determine the how small business owners in the United States perceive the aspects of balance score card in regard to business survivability, growth and competitiveness. Hypotheses that were to be answered include H1: Small business owners’ perceive learning and growth as the most significant perspective for their business survival, growth, and competitiveness beside the financial perspective. H2: Small business owners’ perceive customers as the most significant perspective for business growth, survival, and competitiveness. H3: Small businesses owners perceive internal business processes as the most significant perspective for their business growth, survival, and competitiveness. The philosophy adopted is positivist with explanatory and descriptive strategies. The approach of the research is quantitative using ANOVA analysis. The 100 sample companies were selected from the Best 100 small business in the SBA website and survey questionnaire sent online to this selected companies. The result of the research indicated that the most significant Balanced Scorecard perspective is the customer. At the end of the research, it was deciphered that all initiatives that the small business listed in SBA undertake when applying the BSC, customer focus is always the guiding force. Therefore, it can be stated overly that there a significant positive perception of the Balanced Scorecard as a tool to enhance growth and survivability among small businesses.

scholarly journals Sink or Swim? Impacts of Management Strategies on Small Business Survival and Recovery

2020 ◽  
Vol 12 (15) ◽  
pp. 6229
Author(s):  
Maria I. Marshall ◽  
Holly L. Schrank
Keyword(s):  
Small Business ◽  
Hurricane Katrina ◽  
Financial Management ◽  
Management Strategies ◽  
Business Owners ◽  
Small Business Owners ◽  
Business Survival ◽  
Managerial Strategies ◽  
Post Disaster ◽  
Over Time

The rate of small business demise is exacerbated by exogenous events such as natural disasters that threaten even the healthiest business. This study focused on the effects of management strategies used by small business owners affected by a natural disaster and the resulting recovery status eight years after Hurricane Katrina. The results indicate that location, human resource, and financial management decisions affect operating status and recovery. Both pre-and post-disaster strategies and across system exchanges were utilized and predicted survival and recovery, e.g., financial managerial strategies utilized post disaster predicted whether a business would fully recover, but effective overall management strategies differed over time and operating category.

Suggestions on Tax Support for Small Business Owners

2020 ◽  
Vol 21 (1) ◽  
pp. 89-107
Author(s):  
Sung Ho Jang ◽  
Sung Ook Park ◽  
Hyung Jong Na
Keyword(s):  
Small Business ◽  
Business Owners ◽  
Small Business Owners
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