Promoting Entrepreneurship Amidst Poverty and Unemployment: The Role of Nigerian Educational Policies

Blye

Williams

et al. 2021

Forty-one percent of small American retail companies fail to succeed beyond 5 years. The purpose of this multiple case study is to explore strategies small retail business owners need for sustainability beyond 5 years. This study's data were collected through face-to-face interviews with 4 small successful retail business owners located in the United States southeastern region. Based on the conceptual framework of Schumpeter’s innovation theory, the paper provides 3 strategies that may prevent failure and lead to small business sustainability: passion and determination, market development and customer satisfaction, and business model innovation.

Section: Adaptation To Changementioning

confidence: 99%

Innovative Strategies for Small Retail Companies' Sustainability

Blye

Williams

et al. 2021

“…In the current nonprofit organization's workplaces, managers need to understand and adopt change. The rapid evolution of technology and business regulations makes change irreversible to compete, increase customer service, or act efficiently in real-time [38]. Isal, et al [39] argued that using for instance technology innovation allows managers to assess controls, inventories, any other business activities at a low cost, and prevent fraud.…”

Section: Adaptation To Changementioning

confidence: 99%

Fraud in Nonprofit Organizations: How to Mitigate it?

Blye

2021

In the United States, nonprofit organizations lose at least $40 billion every year because of fraud. Fraud negatively affects nonprofit organizations’ productivity. Nonprofit managers need effective strategies to prevent fraud, increase trust among stakeholders, and ensure longevity. The purpose of this multiple case study was to explore strategies to mitigate fraud in nonprofit organizations. The conceptual framework of this study was Cressey’s fraud triangle theory. Data of this study were collected through interview questions from 4 top successful managers of nonprofit organizations in Maryland. The emerging themes after data analysis were ethics and regulatory compliance, transformational leadership, and managerial skills.

“…In today's business context, managers need to promote changes in business practices to remain competitive because of the rapid evolution of technology and new business regulations [57,58]. Xu, et al [59] indicated that managers need to adopt change because the number of people in the world evolves every day, and this changes business statistics and predictions constantly.…”

Section: Adaptation To Changementioning

confidence: 99%

The Benefits of Innovation for Small Businesses

Blye²,

Mwema

et al. 2021

The purpose of this qualitative multiple case study was to explore strategic managerial tools small business owners or managers use to sustain growth over time through Schumpeter’s innovation theory. Five small business owners located in North America were interviewed through face-to-face open-ended interview questions. The results from data analysis collected through interview responses indicated that small business owners or managers attested that their businesses were developed when using innovation as a strategic managerial tool. By contrast, small business owners or managers agreed that the lack of using innovation and understanding the reality of the current business context had an adverse impact on business growth. The findings of this study may also provide small business leaders or managers with critical information to ensure success and better understand strategies small businesses need for long-term growth.