Managerial Competences in Small Firms

Abstract

The failure rate of small firms in the UK is high, but there is little reliable evidence as to what factors account for success or failure in small businesses. Lending organizations have adopted a set of criteria that they use to evaluate new business proposals. One lending organization sponsored a research project with the object of identifying whether a general set of competences could be found which were associated with effective performance in the region. Describes the setting up and findings of the research, and identifies the competences that were found.

Analysis of the Main Cause for the Entrepreneurs Drop Out in Micro and Small Enterprises: Evidences from Nekemte Town, Eastern Wollega Zone, Oromia Regional State, Ethiopia

“…The individual competencies are categorized as general competence and specific competence. General competence refers largely to management competence and includes the individual's oral presentation skills, decision making ability, conceptualization ability and use of power; while specific competence involves technical and industry skills [14]. Empirical evidence shows that technical competences are more important determinants.…”

The Impact of Firm and Entrepreneurial Characteristics on Access to Debt Finance by SMEs in King Williams’ Town, South Africa

“…Martin and Staines (2008) examine the importance of management competence in SMEs success. They found out that, lack of managerial experience, skills and personal qualities are found as the main reasons why SMEs fail.…”

Which New Small and Medium Enterprises in South Africa Have Access to Bank Credit?

“…Martin & Staines (2008) examine the importance of management competence in small firm success. They find lack of managerial experience, skills and personal qualities as well as other factors such as adverse economic conditions, poorly thought out business plans and resource starvation are found as the main reasons why new firms fail.…”