Age Effects On Small Firm Growth And Strategic Objectives

Topics:
Small Business
Tags:
Entrepreneurial,
Entrepreneurship,
Management,
Open University
Source:
Open University

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Overview: Two ageing processes are happening in West European economies that have profound implications for the development of innovations and entrepreneurship in Europe. The first is the demographic trend common in most industrialised countries of an aging population. The second is the firms that were started as enterprising new companies some twenty years ago, and in many cases their main products too, are now at the plateau of their life-cycles. This paper is based on the responses of the 808 small firms and shows a distinct reduction in growth motivation and entrepreneurial activity related to both age of respondent and of firm but also distinct size of firm effects independent of age.

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Format: PDF | Size: 73KB | Date: Nov 2005 | Pages: 15

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