Entrepreneurial failure and discrimination: lessons for small service firms

Samuels, Linda B.; Joshi, Maheshkumar P.; Demory, Yvonne

doi:10.1080/02642060701882098

Cited by 17 publications

(5 citation statements)

References 42 publications

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“…Inner circle advisors are the CEO-owner's parents, siblings, or close friends or relatives (De Koning and Muzyka 1999;Samuels et al 2008). These are the people with whom CEO-owners maintain close, regular contact, at least once a week.…”

Section: Inner Circlementioning

confidence: 99%

The impact of education, experience and inner circle advisors on SME performance: insights from a study of public development centers

2010

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In this study, we investigate the effects of entrepreneurial human capital on SME performance using data on 2,713 SMEs within the European Union. Performance was measured in two ways: profitability as ROA and productivity as revenue per employee. Results indicate that both profitability and productivity are positively related to industry-specific knowledge possessed by the CEO-owner prior to starting up the firm and the general business knowledge acquired once the firm is up and running. Experience as a result of having previously worked in a firm in the same industry before starting a business was related to productivity, but there is no relation with profitability. There is a link between performance and inclusion of other CEO-owners in the founder's inner circle of advisors. This relationship is positive when the advisor's venture has experienced failure and negative when the advisor's venture has been successful. We discuss the significance of these findings for research and practice.

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Section: Inner Circlementioning

confidence: 99%

The impact of education, experience and inner circle advisors on SME performance: insights from a study of public development centers

2010

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“…The majority of Indian MSMEs are proprietary concerns and the decision of the entrepreneur to retire from their entrepreneurial career for various reasons and intentions leads to closure of an enterprise. Hence, this paper considers the exit stage as the end of the life cycle of an enterprise in addition to decline stage (DeTienne et al, 2008Samuels et al, 2008. In this paper, we propose a new enterprise life cycle model consisting of six stages: pre-start, start and pick up, growth, maturity, decline and exit as shown in Figure 2.…”

Section: Life Cycle Of An Enterprise and Government Policies In Indiamentioning

confidence: 99%

Indian Government Interventions in Micro, Small and Medium Enterprise Development: An Enterprise Life Cycle Perspective

Socrates

Gopalakrishna

2020

Colombo Bus. J

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Development of Micro, Small and Medium Enterprise (MSME) sector is the most apt means of encashing the demographic dividend of India in promoting economic growth, employment generation and inclusive growth. In this endeavour, the Indian government periodically brings out appropriate support measures in the form of policies and programmes. Though many studies have been undertaken by various stakeholders in the past on myriad issues such as credit, marketing, skill development, sickness, export, technology infusion related to MSME sector, the appropriateness and objectives of policies and schemes has not been addressed. This paper attempts to examine the utility of schemes from an enterprise life cycle perspective and to identify any impending interventions needed at any particular stage of an enterprise lifecycle model. It argues that available support measures are insufficient to address the needs of exit stages and also suggests further interventions required for the holistic development of this sector.

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“…Detienne, 2008;Wennberg et al, 2009), or (2) because the performances are not good (unwanted outages or Entrepreneurial Failure (EF) named) (e.g. Samuels et al, 2008;Wennberg et al, 2009).…”

Section: The Exit-phasementioning

confidence: 99%

How to Reduce Entrepreneurial Failure in the Post Start-Up Phase

Hammer¹

2010

SSRN Journal

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Entrepreneurial failure and discrimination: lessons for small service firms

Cited by 17 publications

References 42 publications

The impact of education, experience and inner circle advisors on SME performance: insights from a study of public development centers

The impact of education, experience and inner circle advisors on SME performance: insights from a study of public development centers

Indian Government Interventions in Micro, Small and Medium Enterprise Development: An Enterprise Life Cycle Perspective

How to Reduce Entrepreneurial Failure in the Post Start-Up Phase

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