Finding Business Failure Reasons Through a Fuzzy Model of Diagnosis

Scherger, Valeria; Vigier, Hernán Pedro; Barberà-Mariné, M. Glòria

doi:10.25102/fer.2014.01.04

Cited by 13 publications

(6 citation statements)

References 2 publications

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“…Small businesses have been identified as failing because of the lack of demand for their product and support for their customers (Lekhanya & Mason, 2014). Aside from financial constraints, the next factor that leads to business failure is the market reach of the business, and the failure of advertising and promotions to result in stimulated demands (Scherger, Vigier & Barbera-Marine, 2014).…”

Section: Business Failurementioning

confidence: 99%

Exploring the Success and Failure of Small Business in Beckley, West Virginia

Stone¹

2023

Preprint

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Small businesses are the backbone of the U.S. economy and represent the primary jobsource for American workers. Research exists on small business at a national and aninternational scale but a limited amount of region-specific information exists in theliterature. The problem in this research was that owner-operated small businesseshave a high fail rate, with less than half surviving more than five years and thesesurvival rates have persisted in a relatively stable fashion for at least a decade, withpolicies appearing unable to increase the longevity of new businesses. The purposeof the research is to explore the relationship between social capital and the failure orsuccess of twelve owner-operated businesses in Beckley, West Virginia. Thetheoretical framework for this study is social exchange theory. This qualitative studyused interpretive phenomenological analysis as the chosen research design because ofthe capability to query their lived experiences. The purposive sampling method wasused. The twelve participants were divided into two groups consisting of failedbusinesses and successful businesses. The successful business has existed for morethan five years. The failed business opened within the past five years but has closed.Utilizing the modified van Kaam method, ATLAS.ti qualitative analysis software,and a manual review of the individual interviews the researcher identified threeemergent themes circumventing the particular phenomenon of small businessownership in Beckley, WV. The answers provided by the participants addressed theproblem of the high fail rate of small businesses. The findings of the study areimportant because the application of social exchanges was shown to increase thelongevity of small businesses in Beckley, WV.

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Section: Business Failurementioning

confidence: 99%

Exploring the Success and Failure of Small Business in Beckley, West Virginia

Stone¹

2023

Preprint

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“…Additionally, understanding business failure drawbacks before beginning the process of closing the business is also vital (Coad, 2014). Precise variables describe failure in the business segment; these variables can be restrained, and provide fundamentals for accomplishment versus failure (Scherger, Vigier, & Barbera-Marine, 2014;Wang, Gopal, Shankar, & Pancras, 2015). By understanding the details for failure, organization leaders may fend off business closure and thrust the company into long-term success.…”

Section: Nonprofit Organizationsmentioning

confidence: 99%

Expanding Capacity in Nonprofit Organizations Using the Baldrige Excellence Framework (A Single Case Study)

Stanley¹

2021

OJBM

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Grounded in general system theory, the purpose of this qualitative single case study was to explore strategies leaders of a small nonprofit organization in southern California used to grow their organization to serve a larger population. The participants comprised 3 nonprofit leaders with documented success at developing and growing their business. Data were collected from semistructured interviews and organizational documentation. Thematic analysis was used to analyze the data; 4 themes emerged: effective fundraising cycles, leader development, strategic planning, and long-term growth. The results of the study indicated nonprofit leaders create standard operating procedures and focus on short and long-term goals such as growth, hiring, and recruitment to support growth and development planning for future leaders. The implications for positive social change include the possibility of nonprofit organization leaders to offer expansion and growth strategies to increase their organizations' capacity, enabling them to positively transform their communities by improving and maintaining available services and adding additional services.

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“…This is only possible with the specific definition of the set of causes and symptoms presented in Refs. [58][59][60]. This treatment of causes is understood to overcome some of the model's limitations.…”

Section: Limitationsmentioning

confidence: 99%

“…The classification of firms is based on the diseases presented in Ref. [60]. According to this empirical estimation one of the firms (Company 5) identified as sick had four applications bankruptcy between 2011 and 2014, and finally the bankruptcy was imposed by a judge in July 2015.…”

Section: Empirical Verification Of the Aggregating Proposalmentioning

confidence: 99%

An application of OWA operators in fuzzy business diagnosis

Vigier

Scherger

Terceño

2017

Applied Soft Computing

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The paper aims to develop an adjustment index based on OWA operators to enrich the results of diagnostic fuzzy models of business failure. A proposal to verify the diseases prediction accuracy of the models is also added. This allows a reduction of the map of causes or diseases detected in strategic defined areas. At the same time, these key areas can be disaggregated when an alert indicator is identified, and shows which of the causes need special attention. This application of OWA can encourage the development of suitable computer systems for monitoring companies' problems, warn of failures and facilitate decision-making. In addition, taking Vigier and Terceño's 2008 model as a benchmark, causes aggregation operators are introduced to evaluate alternative groupings, and the adjustment measure using approximate solutions is proposed to test the model's prediction.The empirical estimation and the verification of the improvement proposals in a set of small and medium-sized enterprises (SMEs) in the construction industry are also presented. The functionality and the prediction capacity are thus measured and detected by monitoring key areas that warn about insolvency situations in the firm.

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Finding Business Failure Reasons Through a Fuzzy Model of Diagnosis

Cited by 13 publications

References 2 publications

Exploring the Success and Failure of Small Business in Beckley, West Virginia

Exploring the Success and Failure of Small Business in Beckley, West Virginia

Expanding Capacity in Nonprofit Organizations Using the Baldrige Excellence Framework (A Single Case Study)

An application of OWA operators in fuzzy business diagnosis

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