Description
This volume analyzes 500 entrepreneurial small firms and isolates the reasons for their successes and failures. The authors examine whether there are any “laws” of success and failure that are applicable to small and mid-size companies and identify profitable strategies in various industries and under differing economic conditions. Designed as a reference book for corporate executives, small business owners and consultants, this book will also be useful to graduate students interested in researching the application of strategic management concepts to entrepreneurial companies. The authors also examine the strategic profile of profitable small companies and examines the impact of competition on small firm profitability. Chapters assess profitable strategies in high-growth, mature, declining and cyclical industries, profile start-up, buy-out, and family firms, consider the impact of organizational life-stage on small companies and discuss how to perpetuate the family firm. A separate chapter addresses strategies that are applicable to women-owned firms. The conclusion reviews effective strategies and presents the practical implications of the research studies upon which the book is based.
