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.

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.

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.

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.

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.

Changing the Environmental Behaviour of Small Business Owners: The Business Case

2014 ◽  
Vol 30 (2) ◽  
pp. 254-268 ◽  
Author(s):  
Beth Walker ◽  
Janice Redmond
Keyword(s):  
Small Business ◽  
Small Businesses ◽  
Intervention Program ◽  
Management Practices ◽  
Environmental Issues ◽  
Business Case ◽  
Business Owners ◽  
Small Business Owners ◽  
Post Intervention ◽  
The Impact

AbstractThe importance of the environment is something of a cracked record to many small business owners, as historically any calls to business to change or improve their practices or behaviours were from the ‘environmental’ or ‘green’ perspective, rather than from a business perspective. As a consequence, many small businesses have simply tuned out. This research sought to identify the impact of an education intervention program that encouraged better environmental management practices and provided practical assistance to the businesses. The research was designed to test the effectiveness of the program and record any changes that occurred in the businesses over the duration of the project. To measure changes, it included a pre- and post-intervention survey. Overall, there was an increased awareness in most of the businesses in regard to environmental issues. Participants from many of the businesses also expressed positive changes to both behaviours and attitudes to environmental issues. This demonstrated the value of the program, and also highlighted the challenge to engage small business, even when a business case is apparent, given the cost of implementing this type of intensive and personalised assistance.

Attitude and Management Style Matter in IT Implementation

2011 ◽  
pp. 234-262
Author(s):  
Elaine R. Winston ◽  
Dorothy G. Dologite
Keyword(s):  
Small Business ◽  
Negative Attitude ◽  
Business Owners ◽  
Study Data ◽  
Management Style ◽  
Small Business Owners ◽  
High Quality ◽  
It Implementation ◽  
Shared Management ◽  
Key Factor

According to previous studies, a positive attitude towards information technology (IT) among small business owners appears to be a key factor in achieving high quality IT implementations. In an effort to extend this stream of research, case studies were conducted with small business owners. A surprising finding of this study was that high quality IT implementations resulted with owners who had either a positive or a negative attitude towards IT. Another finding was that these owners also all had an entrepreneurial, or shared, management style. By contrast, owners who had an uncertain attitude about IT uniformly practiced a traditional (non-entrepreneurial) management style. This group also uniformly had low quality IT implementations. It is proposed, based on case study data, that small business owners with an uncertain attitude towards IT might experience higher quality IT results in their organizations through practicing a more entrepreneurial, or shared, management style. The study provides insights for both computer specialists and small business owners planning IT implementations.

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.

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