Essay about Small Business Dissertation

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Contents

Abstract ………………………………………………………………………………………………………………………2

Section one: 1. Introduction…………………………………………………………………………………………………………….3-6

Section two: Literature Review and Research Questions 1. Entrepreneurial orientation Definition…………………………………………………………………….7-9 2. 3. Autonomous………………………………………………………………………………………………………….9-11 4. 5. Innovativeness…………………………………………………………………………………………….….………….11 6. 7. Risk Taking…………………………………………………………………………………………………….……..11-12 8. 9. Proactive………………………………………………………………………………………………………………12-14
10.
11. Competitive Aggressiveness…………………………………………………………………………………14-15
12.
13. Small business obstacles and recent growth trend…………………………………………….…15-18
14.
2.8 Management
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However, followed by the statistic of UK SMEs that 10% of businesses close down each year. The median age of U.K companies is however 12 years, and nearly half of the companies in the UK have been in business for nearly 15 years. Many businesses do not last that long, however, 50% of new businesses will have failed within four years, according by (The Department for Business Innovation and Skills UK statistic report 2008). The failure rate and profits fluctuate with general economies conditions. The primary cause of business failure is incompetent management. Other reasons include poor financial control. ( Norman M. Scarborough, 2006)
. However avoiding failure and improving performance, can be achieved through adapting the entrepreneurs behaviour and characteristic, as long as the entrepreneurs is willing to learn. In microbusiness, organisational outcomes however are likely to be profoundly influenced by founders (Hannan et. al., 1996). The characteristic and attributes of individual entrepreneurs which can influence the organizational behaviour such as employment status and personality traits have been found to be relatively poor predictors of even survival and success, let alone of specific organizational behaviour such as innovativeness (Cooper and Gascon, 1992).
This dissertation is going to examine and

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