We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Entrepreneurship and Small Business: International Perspective - Essay Example

Comments (0) Cite this document
Summary
An author of the essay "Entrepreneurship and Small Business: International Perspective" claims that their characteristics such as family relationships, employment, management, succession, and business structure are not the same as other types of entrepreneurship…
Download full paperFile format: .doc, available for editing
Polish This Essay95.2% of users find it useful
Entrepreneurship and Small Business: International Perspective
Read TextPreview

Extract of sample
"Entrepreneurship and Small Business: International Perspective"

Download file to see previous pages They focus on needs of workers. Unique characteristics of family enterprises Family enterprises have certain characteristics that make them different from other businesses. Some of their characteristics such as family relationships, employment, management, succession, and business structure are not the same as other types of entrepreneurship (Wash 2011, p.3). Succession process is one of the exceptional features of the family businesses. It is the process of transferring the business ownership from one generation to the subsequent ones within a family. All family members play vital roles in the succession of ownership and management of the family business (Wash 2011, p.3). Sometimes the processes may involve the trusted advisers such as accountants and legal representatives who are not family members. The family business succession plans consist of two processes that encompass the management and the ownership succession. The processes can result in conflicts and poor management of the business. All family members have to agree on who should be the next person to own the business. The members should choose successors based on their skills and not age. Some family members may be older, but they lack the required skills and knowledge to manage the business. The business will fail to realize its goals when corporate members choose such individuals to manage the business. This is because the family has a big influence on the enterprise because it provides economic support. The nonfamily enterprise owners cannot influence the decision-making process of the business because they have smaller shares. Additionally, they demand higher information charges. The family businesses are based on long-term decisions because the owners acquire them from the predecessors. Consequently, they aim at transferring the businesses to the next generation when they record better states than when they acquired them (Mojca & Jernej 2008, p. 188). The long-term view of the business leads to the implementation of sustainable staff policies. Studies show that the biggest family businesses in Germany increased their employees by 200,000. On the contrary, other big businesses in the state reduced their workers by 400, 000 between 2003 and 2005. This occurred because the family businesses have long-term employees’ policies (Bonn 2008, p.6). The long-term view of the business encourages the workers to forgo the immediate temporary benefits to achieve the sustainable goals. This is because they are less motivated by the temporary gains. This enables the businesses to align its resources with their expected outcomes (Norio 2010, p. 1). Furthermore, the decision-making processes take shorter periods in family businesses compared to the nonfamily ones. This is because the family members agree quicker because of the additional relationship between them. Additionally, it is possible for them to meet frequently and easily to discuss issues (Duh & Belak 2006, p 1143). Unlike other forms of businesses, family enterprises do not have specific legal forms. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Entrepreneurship and Small Business: International Perspective Essay”, n.d.)
Entrepreneurship and Small Business: International Perspective Essay. Retrieved from https://studentshare.org/management/1460205-entrepreneurship-and-small-business-international
(Entrepreneurship and Small Business: International Perspective Essay)
Entrepreneurship and Small Business: International Perspective Essay. https://studentshare.org/management/1460205-entrepreneurship-and-small-business-international.
“Entrepreneurship and Small Business: International Perspective Essay”, n.d. https://studentshare.org/management/1460205-entrepreneurship-and-small-business-international.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Entrepreneurship and Small Business Development
Microsoft is arguably one of the most triumphant examples of this, has become one of today's corporate giants despite its relatively humble beginnings. Founded by Bill Gates and Paul Allen, this company has since become the world's largest software company. Gates himself has become one of the wealthiest people in the world through his accomplishments.
11 Pages(2750 words)Essay
Small Business Entrepreneurship Assignment
Since Mr. Santos needs financial help for starting up business therefore, the most suitable sources of financial help for him are loans from financial institutions and commercial banks. Moreover, Santo could also start a venture capital or partnership and could ask someone to be a partner in the business by sharing some capital in the business.
10 Pages(2500 words)Essay
Using international entrepreneurship to drive a small business
This is founded in April in 2008 which is a largely growing private firm.There are three directors Femi Odunmbaku Alexander Ihebuzor Seun Akinpelu A three successful professional striving hard to achieve their goal in achieving the edge on others companies and off course they had suffered hard yet managed to cop up with the challenges
9 Pages(2250 words)Dissertation
Global entrepreneurship small business
Three small businesses which can prove ideal international enterprises for small entrepreneurs are covered herein. Online shopping provides an excellent opportunity for small entrepreneurs to spread their business acumen across the globe. The availability of branded goods the World over enables supply of these to customers across the globe.
2 Pages(500 words)Essay
Entrepreneurship vs. Small Business
Cunningham, J.B. and J.Lischeron (1991) classify that in America the term entrepreneur was considered as the one who starts his own, new and small business, some thirty years ago, which still goes with many people even today. It is a creation of the newness, a satisfaction or a change in consumer demand that brings the term entrepreneur into focus.
19 Pages(4750 words)Essay
Entrepreneurship and Small Business
Small businesses also tend to be independently owned and are profit-oriented (Bartol and Martin 1998) and in doing so they make enormous social and economic contributions to their societies through a variety of factors. For instance, small businesses contribute to economic growth through the creation of new businesses (Bartol and Martin 1998) which increases the tax base for a country's economy through contributions.
9 Pages(2250 words)Essay
Small Business (Entrepreneurship)
Markets as well as distributive channels deserve a good deal of attention and study—much more than they usually receive. There analysis is likely to turn up more new insights and more opportunities
2 Pages(500 words)Essay
Small Business & Entrepreneurship
Sometimes, booking a medical tourism package is simply an excuse to visit a foreign land whilst also to consolidate their travel interests and save costs. This growth in medical tourism provides
16 Pages(4000 words)Coursework
Entrepreneurship and Small Business Development
While others say that, the entrepreneurs who work with an initiative to solve any kind of social problems with their rendered services, are termed as ‘Social Entrepreneurs’. To be precise on the context, social entrepreneurship is still at a level not
16 Pages(4000 words)Essay
Entrepreneurship & Small Business Management
For this it will be very important that I pass with good grades in college, so that I have all the necessary documents to land me my desired job. I plan on pursuing my career on employment for the next two
6 Pages(1500 words)Essay
Let us find you another Essay on topic Entrepreneurship and Small Business: International Perspective for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us