Use

2015 ◽  
pp. 170-183
Keyword(s):  
Decision Making ◽  
Information Systems ◽  
Small Business ◽  
Small Businesses ◽  
Senior Management ◽  
Proactive Approach ◽  
Small Business Management ◽  
Efficiency And Effectiveness ◽  
Operational Decision Making ◽  
Positive Environment

A positive environment will contribute to the beneficial use of information systems by small business. It is incumbent upon senior management to take a proactive approach to the strategic use of information systems. Employees must be trained with the appropriate skills. New processes should be explored regularly both with current information systems and new systems that could potentially provide an improvement in performance. Information systems should be sued in a way that contributes to both efficiency and effectiveness to support operational decision making and eventually the competitive advantage of small business. This chapter presents an overview of the issues involved in the use of information systems by small business. Management of small business tends to make decisions based upon an informal approach to gathering information. Once adopted, an information system formalizes this approach and promotes a more structured process for decision making. From an external perspective the use of information systems by small business presents a positive image to customers, suppliers and other small businesses. Internally the responsibility resides with senior management to set a positive environment regarding the use of information systems.

Adopting the Entrepreneurial Process in the Study of Information Systems and Small Business

2003 ◽  
pp. 1-14
Author(s):  
M. Gordon Hunter ◽  
Wayne A. Long
Keyword(s):  
Decision Making ◽  
Information Systems ◽  
Small Business ◽  
Small Businesses ◽  
Strategic Orientation ◽  
Business Managers ◽  
Entrepreneurial Process

This document suggests the adoption of the Theory of Entrepreneurship by researchers who investigate the use of information systems by small businesses. The majority of existing research into this area tends to adopt results determined from investigations of larger businesses. Thus, the uniqueness of small business is not considered. Concepts such as strategic orientation, decision-making, and resource poverty contribute to the unique situation and approach taken by small business managers. The Theory of Entrepreneurship responds to these concepts. The framework suggests that organizations evolve and that entrepreneurs throughout this evolution face various challenges. The components of the Theory of Entrepreneurship are described here, in concert with the challenge to researchers to consider adopting this framework when conducting investigations into how information systems may be employed to support small business.

scholarly journals Decision-Making Framework For Small Business With Limited Available Capital

2021 ◽  
Author(s):  
Milad Around
Keyword(s):  
Decision Making ◽  
Small Business ◽  
Small Businesses ◽  
General Level ◽  
Working Capital ◽  
Financial Assessment ◽  
Current State ◽  
Business Entities ◽  
A Current

In the world of business special attention is paid to entrepreneurs for their potential and large corporations for their impact on the market. Due to this, small businesses often fall short of resources and tools to help them grow. The aim of this dissertation is to introduce a framework for decision making to small businesses as a tool to help embed more structure into their organization. The framework was then applied to two distinct case studies to display its functionality and usefulness. The framework consists of several steps: 1) corporate plan and financial assessment 2) a current state analysis 3) a quantitative and mathematical feasibility study of the decision The framework in each case study resulted in an objective and qualified decision. It also suggests that, due to the unique structure and characteristics of each small business, the framework proposed would only be relevant and applicable on a general level and more work is required to refine the details in order to be able apply it universally to business entities with limited working capital.

Information Systems

2015 ◽  
pp. 78-108
Keyword(s):  
Decision Making ◽  
Information System ◽  
Information Systems ◽  
Small Business ◽  
Business Manager ◽  
Business Decision ◽  
External Organization ◽  
Support Decision Making

An information system translates data into information to support business decision making. Data, raw unorganized facts, are gathered relative to a business event. The resulting information, which has meaning in the hands of a user, must be complete and accurate in order to support timely decision making. The acquisition of an information system by a small business will be a relatively costly endeavour. The small business manager will tend to rely upon an internal individual or external organization for advice when acquiring an information system. Further, the information system will be employed to improve the efficiency of daily operations of a small business. This chapter describes information systems. In general, an information system turns data into information to support decision making. The information must be timely, complete, and accurate relative to the decisions which must be made.

Small Business

2015 ◽  
pp. 1-40 ◽  
Keyword(s):  
Decision Making ◽  
Small Business ◽  
Small Businesses ◽  
Resource Limitations ◽  
Management Issues

Small businesses are quite unique in many ways. They make a major contribution to employment specifically and the economy in general. Decision making at all levels is affected by resource limitations. Many of the aspects of failure or success of the small business relate to management issues. When a small business is formed it may grow quickly. If they do not fail the growth may lessen. While this growth may be regarded as a success, longevity and the consequent multi-generation existence may also be a consideration for an interpretation of success. This chapter covers the gamut of small business perspectives.

Information Systems Effectiveness in Small Businesses

2011 ◽  
pp. 245-274
Author(s):  
Ana Ortiz de Guinea ◽  
Helen Kelley ◽  
M. Gordon Hunter
Keyword(s):  
Information Systems ◽  
Small Business ◽  
Small Businesses ◽  
Small City ◽  
Western Canada ◽  
Canadian Study ◽  
Managerial Support ◽  
Canadian Context ◽  
Information Systems Effectiveness ◽  
Systems Effectiveness

This study examines the applicability of the Thong, Yap, and Raman (1996) model of information systems (IS) effectiveness tested among Singaporean small businesses in a Canadian context. The model evaluates the importance of managerial support and external expertise (vendors and consultants) for IS effectiveness. This study extends the Thong et al. model by adding an intention of expansion construct. The sample included 105 small business users of IS in a small city in western Canada. The results show that both managerial and vendor support are essential for effective IS in Canadian small businesses, and supported part of the relations between IS effectiveness and intention of expansion. Overall, the results suggest that managers should engage quality vendors to obtain IS that contribute to the specific goals of the small business. The results of the Canadian study were, for the most part, similar to the results reported in the Singaporean study; however, a few notable differences appear to exist.

Goal Programming for Decision Making in Closely Held Businesses

1979 ◽  
Vol 3 (4) ◽  
pp. 31-41 ◽  
Author(s):  
Sang M. Lee ◽  
Robert T. Justis ◽  
Lori Sharp Franz
Keyword(s):  
Decision Making ◽  
Small Business ◽  
Decision Maker ◽  
Goal Programming ◽  
Small Businesses ◽  
Fast Food ◽  
Programming Model ◽  
Multiple Goals ◽  
Business Decision ◽  
Goal Programming Model

There are few analytical and managerial tools available to assist the small business decision maker. This paper presents a practical goal Programming model which can be easily generalized to fit the planning needs of most small businesses. Specifically the model explicitly considers the multiple goals and priorities of the owner-manager and determines if these goals can be accomplished under various demand Projections. An illustrative example of the use of this model with a small fast-food business is given.

Small Business Commercial Loan Selection Decision: An Empirical Evaluation

1982 ◽  
Vol 6 (4) ◽  
pp. 41-49 ◽  
Author(s):  
Nathaniel Jones
Keyword(s):  
Decision Making ◽  
Small Business ◽  
Small Businesses ◽  
Commercial Banks ◽  
Empirical Evaluation ◽  
Decision Makers ◽  
Selection Decisions ◽  
New Business ◽  
Decision Making Processes ◽  
Selection Decision

For many years, bank decision-makers and academic researchers have recognized the significance of both commercial banks and small businesses to the overall economy of America. However, there appears to be little, if any, statistically valid empirical research dealing with the decision-making processes in commercial banks which commit funds to small businesses. This article deals specifically with the decision-making process of 30 commercial loan decision-makers as they are faced with commercial loan selection decisions concerning Small Business (SBA guaranteed) new business loans.

scholarly journals Co-development of a Wiki for Tracking the Environmental Footprint of Small Business Activities

10.28945/3874 ◽  
2017 ◽  
Vol 20 ◽  
pp. 237-258
Author(s):  
Helen Hasan ◽  
Corina Ionescu
Keyword(s):  
Climate Change ◽  
Information Systems ◽  
Small Business ◽  
Small Businesses ◽  
Design Science ◽  
Low Cost ◽  
Environmental Footprint ◽  
Nonlinear Design ◽  
Pertinent Data ◽  
Green Information Systems

Aim/Purpose: Climate change mitigation is a global challenge, in which academia and business have a role to play. This research explores ways to develop a freely-available information system that would enable small businesses to identify and reduce their environmental footprint. Background: While large organizations have the resources to track emissions and other pertinent data, small businesses may not, despite intentions to be more environmentally responsible. Freely available applications to track emissions focus on the carbon footprint of things, whereas activities are a more meaningful unit of analysis for business managers. Methodology: Using a design science research approach, we conducted a study of a collaborative project that investigated how a low-cost, freely-available online wiki could be developed by group of students, under the guidance of university scholars and business owners. In the project, different student groups were tasked to create the wiki, input content and design a dashboard interface for managers to find data relevant to their business. The research takes an information systems view of the project, relying on the holistic notion of activity from activity theory and taking a design science approach to the study. Contribution: The paper contributes to the practices of green information systems, climate change, and small business. Theoretically it provides new insights into the linear view of design science in resource poor, collaborative projects. Findings: The research demonstrates the viability of an online system to track the envi-ronmental footprint of business activities. It reveals the challenges from a design science perspective of attempts to create online systems using freely available products and labor. Recommendations for Practitioners: Meaningful information systems to assist small businesses to manage their environmental footprint should focus on activities not things, be low cost and easy to use. Recommendation for Researchers: Complex nonlinear design science frameworks may be needed to build community-based green information systems projects. Impact on Society: This paper examines the role that university-community partnerships can play in mitigating climate change. Future Research: We should now investigate ways to ensure the viability and sustainability of systems developed by groups of university students.

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