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Accordingly, we argue that this combination of small firm context and the beliefs and consequent behaviours create this condition of smallness that deters growth. Entrepreneurs choose to start their business, and presumably decide to grow or not, for a number of reasons (Wiklund and Shepherd, 2003).
Employing an inductive analysis of responses from a survey of 2,521 small business owners about employment regulation, the nature and effects of smallness is examined. Findings – It was found that owners' choice making combines with perceptions about their resources to produce a condition of smallness.
- Farid Ullah
- Concept Module 2.1: The Entrepreneur–Manager Relationship
- What Is an Entrepreneur?
- “The manager of a small business needs perseverance, patience, and Entrepreneurship and the Small Business Manager
- Concept Check Questions
- The Start-Up Process
- Implemen-Growth tation
- Harvest
- Environmental Factors Affecting the Start-Up Process
- Environment
- Environment
- Model of the Entrepreneurship/Small Business Management Process
- Personal characteristics
- Organizational Organizational Merging
- characteristics
- Triggering
- Environment Environment
- Entrepreneurial event Environment
- Environment
- Concept Check Questions
- Concept Module 2.3: Your Decision for Self-Employment
- Have
- Becoming
- Small
- Concept Check Questions
- PROCESS
- Spectrum of Goods and Services
- Product Satisfaction T FIGURE 2.7
- Levels of Benefits Consumers Receive from Products
- Developing New Products
- Inventor’s Paradox
- Importance of Product Competitive Advantage
- Concept Check Questions
- SUMMARY
- edge.sagepub.com/hatten7e
- The Organic Nonprofit: Feet First
• LO 2.1: Articulate the differences between the small business manager and the entrepreneur. What is the difference between a small business manager and an entrepreneur? Aren’t all small business owners also entrepreneurs? Don’t all entrepreneurs start as small business owners? The terms are often used interchangeably, and although some overlap e...
An entrepreneur is a person who takes advantage of a business opportunity by assuming the financial, mate-rial, and psychological risks of starting or running a company. The risks that go with creating an organiza-tion can be financial, material, and psychological. The term entrepreneur, a French word that dates from the 17th century, translates li...
critical-thinking skills to deal with the Entrepreneurship involves the start-up process. Small business management day-to-day challenges that arise in focuses on running a business over a long period of time and may or may not running a business over a long period of time.” involve the start-up process. Although you cannot study one without con...
What do entrepreneurs do that distinguishes them from other persons involved in business? Imagine that the principal from the high school you attended called to invite you to make a presentation to a newly founded entrepreneurship club at the school. What would you tell this group of high school students about owning their own business as a career ...
The stages of entrepreneurship and small business management are unique and follow this sequence with few exceptions. Triggering Innovation event
Entrepreneurial event Entrepreneurship process Maturity
Small business management process entrepreneurship process The stage of a business’s life that involves innovation, a triggering event, and implementation of the business. triggering event A specific event or occurrence that sparks the entrepreneur to proceed from thinking to doing. implementation The part of the entrepreneurial process that occurs...
At each stage in the start-up-process, the small business owner must confront a new set of concerns. Here the arrows show what those concerns are and how they overlap. Innovation Triggering Triggering event event Implemen- Implemen-tation tation Growth Growth
Competition Resources Incubator Government policy Environment Competitors Customers Suppliers Investors Bankers Lawyers Resources Government policy Entrepreneurship process
Competition Regulation Employees Customers Vendors Small business management process entrepreneur or small business manager, but they do affect the motivations, actions, and effec-tiveness of those running a small business (Figure 2.3). For example, in the innovation and triggering-event stages, a strong need to achieve, a high tolerance for ambigu...
In each stage of the start-up process, different personal characteristics will be more important to the owner as the business takes on new attributes. This models shows how entrepreneurial skills are required early in the process, then give way to management skills once the business is established.
Risk taking Job dissatisfaction Job loss Education Age Gender Commitment
characteristics characteristics Cash out Team Marketing Employee stock Strategy Finance ownership plan Structure Operations (ESOP) Culture Human Initial public Products resources offering (IPO)
Need for achievement Sociological Internal control characteristics Ambiguity tolerance Networks Risk taking Teams Personal values Parents Education Family Experience Role models
Personal Personal characteristics Personal characteristics Entrepreneur characteristics Better Leader Planning opportunity Manager Organizing Boredom Commitment Leading Financial Vision Controlling opportunity Achieved goals Implemen-Innovation event
Opportunities Role models Creativity Competition Resources Incubator Government policy Entrepreneurship process
Competition Regulation Employees Customers Vendors
Competitors Customers Suppliers Investors Bankers Lawyers Resources Government policy
Describe the significance of triggering events in entrepreneurship. Give examples. How is small business management different from entrepreneurship? Why would an entrepreneur be concerned about harvesting a business that has not yet been started?
• LO 2.3: Enumerate the advantages and disadvantages of self-employment. Readers of this text are probably considering the prospect of starting their own business now or at some time in the future. To help you decide whether owning a small business is right for you, we will consider some of the positive and negative aspects of self-employment. The...
you thought about, dreamed of, planned for work–life balance that you would create for your future small business? You’re not alone—that mythical balance is a hot button for aspiring entrepreneurs. The problem is that it’s more “myth” than “balance.” Fortunately, the topic of work–life balance is one of semantics and personal definitions. People wh...
an entrepreneur is not for everyone. In business, there are no guarantees. There is simply no way to eliminate all of the risks. It takes a special person with a strong commitment and specific skills to be successful as an entrepreneur. Are you ready to start your own business? Use the following assessment questions to better understand how prepare...
business owners need data they can rely on to make decisions about running their business. Until fairly recently, small business had difficulty accessing what is known as big data—data from large databases. Now, not only can they access it, they can use big data to create a sustainable competitive advantage. Five reasons why data can give your smal...
If a friend told you that entrepreneurs are high-risk takers, how would you set the story straight? Explain why people who own a small business may not enjoy pure independence. If personal characteristics or personality traits do not predict who will be a successful entrepreneur, why are they significant to the study of entrepreneurship or small bu...
3 Technology Product Development The same report identified barriers and challenges specific to small businesses that are attempting to commercialize innovative products or technology: The amount of student debt held by graduating students prevents them from pursuing entrepreneurial opportunities. The amount of funding and support of research and d...
Most small businesses sell a combination of goods and services. Tangible goods Furniture Clothing Automobiles (assembled, not delivered) Fast food Vacation packages Fine dining Intangible goods Advertising Education Lawn mowing
Aiden Roberts and Mason Fielder have been best friends since kindergarten. Raised in an upper-middle-class community, the boys enjoyed a rather idyllic boyhood. Every afternoon after school and most weekends were filled with some sort of sporting activity, usually soccer or baseball. Their families enthusiastically supported their efforts and enjoy...
Aiden Roberts and Mason Fielder have been best friends since kindergarten. Raised in an upper-middle-class community, the boys enjoyed a rather idyllic boyhood. Every afternoon after school and most weekends were filled with some sort of sporting activity, usually soccer or baseball. Their families enthusiastically supported their efforts and enjoy...
Aiden Roberts and Mason Fielder have been best friends since kindergarten. Raised in an upper-middle-class community, the boys enjoyed a rather idyllic boyhood. Every afternoon after school and most weekends were filled with some sort of sporting activity, usually soccer or baseball. Their families enthusiastically supported their efforts and enjoy...
Aiden Roberts and Mason Fielder have been best friends since kindergarten. Raised in an upper-middle-class community, the boys enjoyed a rather idyllic boyhood. Every afternoon after school and most weekends were filled with some sort of sporting activity, usually soccer or baseball. Their families enthusiastically supported their efforts and enjoy...
Aiden Roberts and Mason Fielder have been best friends since kindergarten. Raised in an upper-middle-class community, the boys enjoyed a rather idyllic boyhood. Every afternoon after school and most weekends were filled with some sort of sporting activity, usually soccer or baseball. Their families enthusiastically supported their efforts and enjoy...
Aiden Roberts and Mason Fielder have been best friends since kindergarten. Raised in an upper-middle-class community, the boys enjoyed a rather idyllic boyhood. Every afternoon after school and most weekends were filled with some sort of sporting activity, usually soccer or baseball. Their families enthusiastically supported their efforts and enjoy...
Aiden Roberts and Mason Fielder have been best friends since kindergarten. Raised in an upper-middle-class community, the boys enjoyed a rather idyllic boyhood. Every afternoon after school and most weekends were filled with some sort of sporting activity, usually soccer or baseball. Their families enthusiastically supported their efforts and enjoy...
Aiden Roberts and Mason Fielder have been best friends since kindergarten. Raised in an upper-middle-class community, the boys enjoyed a rather idyllic boyhood. Every afternoon after school and most weekends were filled with some sort of sporting activity, usually soccer or baseball. Their families enthusiastically supported their efforts and enjoy...
Aiden Roberts and Mason Fielder have been best friends since kindergarten. Raised in an upper-middle-class community, the boys enjoyed a rather idyllic boyhood. Every afternoon after school and most weekends were filled with some sort of sporting activity, usually soccer or baseball. Their families enthusiastically supported their efforts and enjoy...
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May 30, 2014 · Purpose – The purpose of this paper is to examine and explain why most small firms remain small. A new conceptual framework – the condition of smallness – is proposed. Design/methodology/approach – A critical examination of the literature about the nature of being a small firm is first conducted. Employing an inductive analysis of responses from a survey of 2,521 small business owners ...
Mar 11, 2014 · Purpose – The purpose of this paper is to examine and explain why most small firms remain small. A new conceptual framework – the condition of smallness – is proposed.
Overview. Authors: Tim Mazzarol, Sophie Reboud. Presents a unique blend of content relating to the management and growth of a small business. Offers original case studies with application to real practice. Provides teaching and learning notes and exercises. Part of the book series: Springer Texts in Business and Economics (STBE)
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The processes of entrepreneurship and small business management can be thought of as making up a spectrum that includes six distinct stages (Figure 2.1).3 The stages of the entrepreneurship process are innovation, a triggering event, and implementation. The stages of the small business management pro-cess are growth, maturity, and harvest.
