Editorial overview: small business, entrepreneurship and enterprise development

Editorial overview: small business, entrepreneurship and enterprise development Peter Jennings University of Southampton School of Management, Southampton, UK Editorial overview: Small business, entrepreneurship and enterprise development there is no generally agreed operational or numerical definition of what constitutes a small business (see Appendix). Countries and, in many cases, individual institutions within them have developed classifications and definitions that reflect their own particular requirements. These criteria tend to reflect the nature and composition of that country’s economy. Definitions and understandings may also reflect the nature and context of the industrial sector or market under consideration—for example, different criteria would be considered appropriate for firms engaged in manufacturing, construction, retailing, hospitality and tourism, professional services, E-commerce and so on. The role and importance of small businesses to the economies of both developed and developing nations has been the subject of substantial research, particularly in the last three decades. This was mainly due to the belief that a prosperous and dynamic smallbusiness sector was crucial to the overall performance of a domestic economy. Many governments have promoted their small-business sector as the way forward out of recession, claiming that new and emerging enterprises create jobs, economic prosperity, competitive and structural balance, consumer choice and personal opportunity. The sector is http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Strategic Change: Briefings in Entrepreneurial Finance Wiley

Editorial overview: small business, entrepreneurship and enterprise development

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Publisher
Wiley
Copyright
Copyright © 2000 John Wiley & Sons, Ltd.
ISSN
1086-1718
eISSN
1099-1697
DOI
10.1002/1099-1697(200011)9:7<397::AID-JSC519>3.0.CO;2-P
Publisher site
See Article on Publisher Site

Abstract

Peter Jennings University of Southampton School of Management, Southampton, UK Editorial overview: Small business, entrepreneurship and enterprise development there is no generally agreed operational or numerical definition of what constitutes a small business (see Appendix). Countries and, in many cases, individual institutions within them have developed classifications and definitions that reflect their own particular requirements. These criteria tend to reflect the nature and composition of that country’s economy. Definitions and understandings may also reflect the nature and context of the industrial sector or market under consideration—for example, different criteria would be considered appropriate for firms engaged in manufacturing, construction, retailing, hospitality and tourism, professional services, E-commerce and so on. The role and importance of small businesses to the economies of both developed and developing nations has been the subject of substantial research, particularly in the last three decades. This was mainly due to the belief that a prosperous and dynamic smallbusiness sector was crucial to the overall performance of a domestic economy. Many governments have promoted their small-business sector as the way forward out of recession, claiming that new and emerging enterprises create jobs, economic prosperity, competitive and structural balance, consumer choice and personal opportunity. The sector is

Journal

Strategic Change: Briefings in Entrepreneurial FinanceWiley

Published: Nov 1, 2000

References

  • The abuse of entrepreneurial power: an explanation of management failure?
    Beaver, Beaver; Jennings, Jennings

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