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Creating and managing study pack

Creating and managing study pack

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1. Technology has played its part in three ways a. The new technologies that swept the late 20th century have been pioneered by new rapidly growing firms b. These technologies have actually facilitated the growth of self-employment and small business c. Many new technologies, for example in printing have reduced fixed costs so that production can be profitable in smaller, more flexible units. 2. The Bolton Committee described a small firm as satisfying three criteria, all of which defy practical statistical application: a. Market influence b. Independence c. Personal influence 3. Characteristics of small firms a. They are typically short of cash b. They are likely to operate in a single market c. The effect of scale on the economics of the business 4. Two categories of small firms a. Lifestyle firms b. Growth firms 5. Entrepreneurship encourages economic growth for three reasons a. It encourages competition b. It is a mechanism for knowledge spillovers c. It generates diversity 6. Type of Manager a. Owner-manager: Lifestyle firm b. Entrepreneur: Growth firm c. Manager: Managing a business belonging to someone else 7. Personality characteristics (Deakins, 1996) a. They are not stable b. They require subjective judgements c. Ignore cultural and environmental influences d. The role of education is overlooked e. Issues such as age can be ignored 1. Characteristics of owner-managers and entrepreneurs a. Owner-managers i. ...
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BUS 624 Ashford Week 1 Marigold Dairy Corporation Business Opportunities Discussion

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BUS 624 Ashford Week 1 Marigold Dairy Corporation Business Opportunities Discussion

Browse the Markkula Center for Applied Ethics (Links to an external site.) web page and The Internet Encyclopedia of Philo ...

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