Are Small Firms Important? Their Role and Impact

Are Small Firms Important? Their Role and Impact
Author: Stephen Ackermann
Publisher: Springer Science & Business Media
Total Pages: 180
Release: 2012-12-06
Genre: Business & Economics
ISBN: 1461551730

Are Small Firms Important? Their Role and Impact proposes and supports the claim that small firms make two indispensable contributions to the economy. First, they are an integral part of the renewal process that pervades market economies. New and small firms play a crucial role in experimentation and innovation that leads to technological change, productivity and economic growth. Second, small firms are the essential mechanism by which millions enter the economic and social mainstream of American society. The public policy implications for sustained economic growth and social well-being is the continued high-level creation of new and small firms by all segments of society. It should be the role of government policy to facilitate that process by eliminating entry barriers, lowering transaction costs, and minimizing regulation.

The Role of Small and Large Businesses in Economic Development

The Role of Small and Large Businesses in Economic Development
Author: Kelly D. Edmiston
Publisher:
Total Pages: 0
Release: 2013
Genre:
ISBN:

Increasingly, economic development experts are abandoning traditional approaches to economic development that rely on recruiting large enterprises with tax breaks, financial incentives, and other inducements. Instead, they are relying on building businesses from the ground up and supporting the growth of existing enterprises. This paper explores whether promoting entrepreneurship and small businesses makes sense as an economic development strategy. It concludes that it probably does, but with some caveats. Small businesses are potent job creators, but so are large businesses. The attribution of the bulk of net job creation to small businesses arises largely from relatively large job losses at large firms, not to especially robust job creation by small firms. More important, data show that, on average, large businesses offer better jobs than small businesses, both in terms of compensation and stability. Further, there is little convincing evidence to suggest that small businesses have an edge over larger businesses in innovation. More research is needed to properly evaluate the case for a small business strategy, and indeed, to determine whether or not public engagement in economic development itself is a cost-effective and worthwhile pursuit.

Small Business Enterprise

Small Business Enterprise
Author: Gavin Reid
Publisher: Routledge
Total Pages: 344
Release: 2002-09-11
Genre: Business & Economics
ISBN: 113482744X

The role of small business enterprise in a mature market economy is one of the major issues in contemporary industrial organization, and is the focus of this book. Small Business Enterprise brings new standards of rigour and insight into the study of small firms by importing contemporary ideas from industrial economics and by using up-to-date statistical and econometric techniques. Based on a uniquely rich set of data, Small Business Enterprise focuses on the early period after start-up of the small firm. It investigates competitive niches and how they are established, determinants of growth and profitability, the factors fostering survivial, and many other central issues. This core of economic analysis is complemented by an innovative case profile approach, which considers the real behaviour of small firms in a competitive environment; and a section on the political economy of small firms, which looks at the ethics of competition and the enterprise culture.

Small Firms and Economic Development in Developed and Transition Economies

Small Firms and Economic Development in Developed and Transition Economies
Author: David A. Kirby
Publisher: Routledge
Total Pages: 218
Release: 2017-11-22
Genre: Business & Economics
ISBN: 1351755137

This title was first published in 2003. Since the late 1970s there has been considerable interest in the role of small firms in economic development in general and employment generation in particular. Throughout the developed world, governments have introduced a range of measures to encourage small firm growth and development in an attempt to stimulate economic growth, generate employment and foster innovation. Though not all measures have been successful many policies have transferred to the transition economies of Central and Eastern Europe where, since 1989, small firm growth and development has achieved considerable importance in economic restructuring. Accordingly, this volume presents the leading research on the role of small firms in economic development and employment generation in both transition and developed countries. Setting itself in a wider theoretical context, the book also considers the implications for both policy and theory and suggests directions for future research.

Government, SMEs and Entrepreneurship Development

Government, SMEs and Entrepreneurship Development
Author: Robert A. Blackburn
Publisher: Routledge
Total Pages: 341
Release: 2016-04-22
Genre: Business & Economics
ISBN: 1317125355

Recent decades have seen substantial growth in the range of assistance programmes for SMEs and entrepreneurs across the world. Once regarded as peripheral to the economy and public policy, the role of small firms and of entrepreneurship is now recognized as of key importance in the economic growth and development strategies of many nations. The range of interventions and support focused on promoting SMEs and entrepreneurship is substantial and expanding, so Government, SMEs and Entrepreneurship Development asks ’what are some of the main policy instruments being used, and how effective are they?’ It considers policies in different countries, examines key interventions and tools used to promote entrepreneurship and SME development and concludes with contributions on how to best evaluate their effectiveness. The contributor chapters by academics and practitioners from businesses, enterprise development agencies and governments, are empirical or evidence-based and use both quantitative and qualitative approaches. Drawing on experience from a wide range of both developed and emerging countries and economies, the contributions focus on the broad strategies that different governments and communities have adopted to foster entrepreneurship and SMEs; the policy tools and instruments that can be used to promote small business and entrepreneurship; and on the outcomes of policy instruments and the methods used to evaluate interventions. Their findings will help researchers, policy-makers, economic development officers, civil servants, elected officials, and business associations to better understand the issues in this important field.

Community Owned Businesses

Community Owned Businesses
Author: Norman Walzer
Publisher: Routledge
Total Pages: 210
Release: 2021-07-19
Genre: Political Science
ISBN: 1000391930

This book analyses community-owned businesses in countries around the world to show successful approaches and important strategies to improve access to essential services in vastly different economic contexts. Through eleven chapters, authors from various countries use case studies and analyse findings in ways which can be applied to new development initiatives, including rural grocery store retention in Kansas, socially responsible community cooperatives in Italy, preserving pubs and shops in England and Wales, serving residents with special needs in Canada, and financing basic goods and services for aging populations in Taiwan, plus other examples. The chapters explore practices and approaches used in various locations to address concerns about loss of access to essential services, making clear that this approach to financing is useful in different scenarios. The chapters provide key insights suggesting that these approaches will be even more prevalent in the future and will be of interest to students, scholars, and community-development practitioners around the world.