FACTORS CONTRIBUTORY TO SUCCESS: A STUDY OF PAKISTAN'S SMALL BUSINESS OWNERS

2007 ◽  
Vol 12 (02) ◽  
pp. 181-198 ◽  
Author(s):  
STEVEN P. COY ◽  
MARGARET F. SHIPLEY ◽  
KHURSHEED OMER ◽  
RAO NISAR A. KHAN
Keyword(s):  
Small Business ◽  
Western Europe ◽  
The United States ◽  
Business Owners ◽  
Business Success ◽  
Small Business Owners ◽  
The Past ◽  
Survey Results ◽  
Small Business Success ◽  
Internal And External Factors

Small business and entrepreneurship have been at the heart of Pakistan's economy for almost 60 years, yet little (if any) research has been conducted that identifies factors crucial for small business success in Pakistan. In the past, studies identifying factors crucial for small business success have focused primarily on the United States and Western Europe. This paper presents survey results from 265 small business owners located in and around Karachi, the largest city and hub of economic activity in Pakistan. The survey was designed to identify the internal and external factors that Pakistani small businesspersons believe are critical for success.

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.

Entrepreneurs' Contributions to Small Business

2015 ◽  
pp. 168-198
Author(s):  
M. Gordon Hunter
Keyword(s):  
Small Business ◽  
Small Businesses ◽  
Success Factors ◽  
Business Owners ◽  
Business Success ◽  
Success Factor ◽  
Small Business Owners ◽  
Relative Importance ◽  
Small Business Success ◽  
The One

This chapter compares success factors and failure factors of small businesses. In an attempt to determine the relative importance of these factors, the two sets are compared. Thus, each failure factor is related to a corresponding success factor. A discussion of the aspects related to small business success and failure sets the context for the comparison. The relatively more important success factor involves aspects related to administration. Unfortunately, this is the one aspect that most small business owners/managers either lack the skills to perform or the time to allocate to this function. Within the administration, function leadership emerged as a relatively important skill contributing to small business success.

Family Impacts on Emerging Ventures in Poland

1995 ◽  
Vol 8 (4) ◽  
pp. 293-300 ◽  
Author(s):  
Harold Welsch ◽  
Gerald Hills ◽  
Frank Hoy
Keyword(s):  
United States ◽  
Small Business ◽  
Family Business ◽  
New Ventures ◽  
The United States ◽  
Business Owners ◽  
Family Businesses ◽  
Small Business Owners ◽  
Emerging Democracy

This study reports the results of a survey of eighty owners of new ventures in Poland. The purpose of the survey was to assess the problems faced by small business owners and prospective small business owners in this emerging democracy. The sample was almost evenly split between family businesses and nonfamily businesses, which allowed for comparisons between family business issues in Poland and in the United States and between family and nonfamily business in Poland.

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.

Social Commerce Benefits for Small Businesses

2019 ◽  
pp. 1237-1255 ◽  
Author(s):  
Ludwig Christian Schaupp ◽  
France Bélanger
Keyword(s):  
Small Business ◽  
Small Businesses ◽  
Business Owners ◽  
Future Research ◽  
Business Success ◽  
Small Business Owners ◽  
Social Commerce ◽  
Small Companies ◽  
Stakeholder Pressure ◽  
Use Of Social Media

Small businesses represent an important element of many western economies. However, they often struggle with resources needed to succeed, and small business owners often have to perform many, if not all, roles in their organizations. One of the key functions that small businesses need to excel at for business success today is social commerce since much of their business is migrating towards the use of social media for business. In this study, determinants of social commerce benefits for small businesses are explored. Using survey data from 60 small companies, this research identifies stakeholder pressure and partner pressure as the most significant factors in determining social commerce benefits for small business. Implications of these findings and provide suggestions for future research are discussed.

Social Commerce Benefits for Small Businesses

2016 ◽  
Vol 28 (3) ◽  
pp. 49-66 ◽  
Author(s):  
Ludwig Christian Schaupp ◽  
France Bélanger
Keyword(s):  
Small Business ◽  
Small Businesses ◽  
Business Owners ◽  
Future Research ◽  
Business Success ◽  
Small Business Owners ◽  
Social Commerce ◽  
Small Companies ◽  
Stakeholder Pressure ◽  
Use Of Social Media

Small businesses represent an important element of many western economies. However, they often struggle with resources needed to succeed, and small business owners often have to perform many, if not all, roles in their organizations. One of the key functions that small businesses need to excel at for business success today is social commerce since much of their business is migrating towards the use of social media for business. In this study, determinants of social commerce benefits for small businesses are explored. Using survey data from 60 small companies, this research identifies stakeholder pressure and partner pressure as the most significant factors in determining social commerce benefits for small business. Implications of these findings and provide suggestions for future research are discussed.

Growing Small Business: Mitigating the Wage and Wealth Gap

2019 ◽  
Vol 51 (2) ◽  
pp. 48-54
Author(s):  
Stefanie Ertel
Keyword(s):  
United States ◽  
Small Business ◽  
The United States ◽  
Business Owners ◽  
Local Economy ◽  
Small Business Owners ◽  
Poverty Level ◽  
Wealth Gap ◽  
The Impact

This article not only acknowledges that the wage and wealth gap is an issue larger than the scope of the following research, but also endeavors to begin foundational conversations in order to assist small business owners. This article will delve into surveys received from 11 small business owners around the country, offering solutions and concluding with the impact small business owners can make in addressing the wage and wealth gap. Many in the United States are considered to be within the poverty level, and many of those individuals are working for larger corporations who do not pay enough per hour to adequately support their employees. Quotes and credible statistics will be used throughout the article to portray the opportunity small business owners have in order to help those who are poverty stricken today, and ultimately the local economy.

‘Now the German comes’: The ethnic effect of gentrification in Berlin

Ethnicities ◽  
2018 ◽  
Vol 20 (1) ◽  
pp. 155-176
Author(s):  
Defne Kadıoğlu Polat
Keyword(s):  
United States ◽  
Western Europe ◽  
The United States ◽  
Business Owners ◽  
Small Business Owners ◽  
Urban Inequality ◽  
Turkish Immigrants ◽  
Turkish Immigrant ◽  
Racial History ◽  
Long Time

Compared to the United States, the relationship between ethnicity and gentrification is still understudied in the Western European context. However, while Western Europe does not have the same racial history as the United States, ethnic and racial divisions are still expressed through urban inequality. This paper, a study of small-business owners in an ethnically stigmatized Berlin neighborhood, shows how the gentrification process leads to the revelation and reification of ethnic boundaries between Turkish immigrants and their descendants and the so-called German majority society. It firstly finds that gentrification by Turkish-origin business owners is frequently understood as an ethnic remake that leads to the displacement of Turkish immigrants and their families in favor of non-immigrant Germans. The gentrification process is accordingly perceived, not only as a form of material dispossession, but also as a form of cultural dispossession in which the multicultural character of the quarter is erased. Second, the paper postulates that, in cases in which Turkish immigrant entrepreneurs adapt their businesses to the demands of new middle-class consumers, they tend to exclude the lower-income population in the quarter whom they mainly define as Turkish or Arabic. All in all, the debate presented in this paper shows how, in the German context, gentrification relates to prior forms of ethnic prejudice, discrimination and racism. It thereby also complicates the prominent discussion on the nexus between gentrification and displacement by showing that, even if long-time residents are not immediately threatened with having to leave, they still experience forms of exclusion that are entrenched with already existing structural inequalities.

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