Stunted Growth In Small Firms
- Topics:
- Small Business
- Source:
- University of Plymouth
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Overview: The phenomenon of 'Dwarf' or 'Stunted' small and micro firms is recognised in the small business literature. These are firms that have survived through many years, maybe many generations, providing their owners with acceptable returns and lifestyles, but have remained very small. They might therefore represent potential lost opportunities for owners and, given the importance of the Small and Medium size Enterprise (SME) sector, local employment and economies. A system dynamics model replicating the basic no-growth, cyclical behaviour attributed to "Stunted" SMEs is firstly analysed. Alternative policies arising from different entrepreneurial views and aimed at changing behaviour to one of stability or steady growth, are then tested and analysed.
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Format: PDF | Size: 518KB | Date: Aug 2005 | Pages: 18




