Entrepreneurship factors that influence performance of micro and small business
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Published:
Jun 1, 2012
Keywords:
Entrepreneur, Entrepreneurship, Micro and Small Business, Resource Based Theory
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Abstract
This research examines whether certain entrepreneurial factors may influence the performance of micro and small businesses, analyzing the personal features of the entrepreneur and the initial characteristics of the organization. Since there is no single theory that explains the performance of small and medium size businesses (SME in Spanish), the resource based theory and the entrepreneurship typology underpin the theoretical framework. The methodology used is based upon a questionnaire applied to 192 retail and service businesses with two to fifteen employees with less than a twenty-year life in Mexico City. This research analyzes and compares the characteristics of those companies that have survived for more than three years and those with less than three years of operations. None of the proposed factors have a significant influence on the performance but some factors are starting to have some correlation.
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Elizundia Cisneros, M. E. (2012). Entrepreneurship factors that influence performance of micro and small business. The Anáhuac Journal, 12(1), Págs. 53–75. Retrieved from https://publicaciones.anahuac.mx/index.php/the_anahuac_journal/article/view/350
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This work is licensed under a Creative Commons Atribución-NoComercial-CompartirIgual 4.0 Internacional.
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pymes: El esatdo del arte. Fundación Implementación, Diseño, Evaluación y
Análisis de Políticas Públicas.
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Operational definitions of their roles in society.
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predictors of new venture performance. Journal of Business Venturing, 9(5), 371.
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of new ventures? Strategic Management Journal, 24(12), 1165.
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environment: Impact on the success of small firms. Journal of Developmental
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Lussier, R., y Halabi, C. E. (2010). A three-country comparison of the business
success versus failure prediction model. Journal of Small Business Management,
48(3), 360-377.
Lussier, R., y Pfeifer, S. (2000). A comparison of business success versus failure
variables between U.S. and central eastern Europe Croatian entrepreneurs. Entrepreneurship:
Theory & Practice, 24(4), 59.
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small business entrepreneurs. Mid-American Journal of Business, 16(1), 29.
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venture performance: The role of business strategy and management experience.
Strategic Management Journal (1986-1998), 16(7), 565.
O’Connor, V., Hamouda, A., McKeon, H., Henry, C., y Johnston, K. (2006). Coentrepreneurial
ventures. Journal of Small Business and Enterprise Development,
13(4), 600.
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problem solving. Journal of Small Business Management, 38(4), 42.
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Journal of Corporate Citizenship, (21), 61.
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Praag, C. (2003). Business survival and success of young small business owners.
Small Business Economics, 21(1), 1.
Rajadell, M. (2003). Ediciones UPC (Ed.), Creación de empresas
Richbell, S., Watts, D., y Warrdle, p. (2006). Owner-managers and business planning
in the small firm. International Small Business Journal, 24(5)
Rubio Bañón, A., y Aragón Sánchez, A. (2006). Competitividad y recursos estratégicos
en las pymes. (spanish). Revista de Empresa, (17), 32-47.
Rumelt, D. P. (1984). Towards a strategic theory of the firm. Alternative theories
of the firm (2002nd ed.) Elgar Reference Collection. International Library of
Critical Writings in Economics.
Sánchez, A., y Rubio, A. (2005). Factores asociados con el éxito competitivo de las
pyme industriales en España. Universia Business Review, (Issue 8), 38-38-51.
Stevenson, H. (2006). A perspective on entrepreneurship
Steyaert, C. (2007). ‘Entrepreneuring’ as a conceptual attractor? A review of process
theories in 20 years of entrepreneurship studies. Entrepreneurship & Regional
Development, 19(6), 453-477.
Storey, D. J. (1994). Thompson (Ed.), Understanding the small business sector
Van der Sluis., van Praag, M., y Vijverberg, W. (2008). Education and entrepreneurship
selection and performance: A review of the empirical literature. Journal
of Economic Surveys, 22(5), 795-841.
Vazquez López, S. O. (2007). Principales enfoques teóricos e investigaciones empíricas
generales sobre la internacionalización de PYMES: Un estudio exploratorio
de investigaciones entre 1999 y 2004. Contaduría y Administración [en
línea]. México, D.F.: Universidad Nacional Autónoma de México.
Vesper, K. (1980). New venture planning. Journal of Business Strategy, 1(2), 72.
Walker, E., y Brown, A. (2004). What success factors are important to small business
owners? International Small Business Journal, 22(6), 577-594.
Wee-Liani, T. (1996). Entrepreneurism: Its is time for a clearer definition. Journal
of Small Business and Entrepreneurship, Vol. 13(1), 5.
Wernerfelt, B. (1984). A resource-based view of the firm. Strategic Management
Journal, 5(0143), 171-180.
European Journal of Work & Organizational Psychology, 9(1), 31-43.
Álvarez, S. A., y Busenitz, L. (2001). The entrepreneurship of resource-based
theory. Journal of Management, 27(6), 755.
Audretsch, D. B. (2005). The knowledge spillover theory of entrepreneurship and
economic growth. Emergence of Entrepreneurial Economics, 9, 37-54.
Barney, J. B. (1997). Gaining and sustaining competitive advantage, Prentice Hall.
Barrow, W. (2007). Creating a viable alternative: Reforming patent reexamination
procedure for the small business and small inventor. Administrative Law Review,
59(3), 629-645.
Brüderl, J., Preisendörfer, P., y Ziegler, R. (1992). Survival chances of newly founded
business organizations. American Sociological Review, 57(2), 2 27-2 27.
Bygrave, W. D. & Hofer, C. W. 1991. Theorizing about entrepreneurship. Entrepreneurship
Theory and Practice 16, 13-22.
Bygrave, W., y Zacharakis, A.(2009) The portable MBA in entrepreneurship (Fourth
Edition ed.) John Wiley & Sons.
Canales, D., Glover, A., & Saracho, A. (2011). Apoyando la innovación en las
pymes: El esatdo del arte. Fundación Implementación, Diseño, Evaluación y
Análisis de Políticas Públicas.
Carton, R., Hofer, C., y Meeks, M. (1989). The entrepreneur and entrepreneurship:
Operational definitions of their roles in society.
Casson, M. (2005). Entrepreneurship and the theory of the firm. Journal of Economic
Behavior & Organization, 58(2), 327-348.
Cooper, A., Gimeno-Gascon, F., y Woo, C. (1991). A resource-based prediction of
new venture survival and growth. Academy of Management Proceedings, 68-72.
Cooper, A., Gimeno-Gascon, F., y Woo, C. (1994). Initial human and financial capital as
predictors of new venture performance. Journal of Business Venturing, 9(5), 371.
Delmar, F., y Shane, S. (2003). Does business planning facilitate the development
of new ventures? Strategic Management Journal, 24(12), 1165.
Dollinger, M. (2003). Entrepreneurship; strategies and resources (3a. ed.). Upper
Saddle River, New Jersey: Prentice Hall, 2003.
Dyer, L., y Ross, C. (2008). Seeking advice in a dynamic and complex business
environment: Impact on the success of small firms. Journal of Developmental
Entrepreneurship, 13(2), 133.
Gartner, W. (1988). “Who is an entrepreneur?” is the wrong question. American
Journal of Small Business, 12(4), 11-32.
Grant, R. (1991). The resource-based theory of competitive advantage: Implications
for strategy formulation. California Management Review, 33(3), 114.
Hamilton, L. (2003). Competitive advantages and the smes: The role of distinctive
competences as determinants of success, are there differences across gender,
sector, and size? Universitat Autònoma de Barcelona).
Ibrahim, A. B., y Goodwin, J. R. (1986). Perceived causes of success in small business.
American Journal of Small Business, 11(2), 41-50.
Kalleberg, A., y Leicht, T. (1991). Gender and organizational performance: Determinants
of small business survival and success. Academy of Management
Journal, 34(1), 136.
Kantis, H. (2004). Desarrollo emprendedor: América latina y la experiencia internacional
Washington D.C. Banco Interamericano de Desarrollo.
Kao, R. W. Y. (1993). Defining entrepreneurship: Past, present and? Creativity and
Innovation Management, 2(1), 69-70.
Kelley, D., Singer, S., & Herrington, M. (2012). GEM 2011 Global Report. Global
Entrepreneurship Monitor, Babson College.
Lecuona, R. (2009). Financiamiento a las pymes en méxico. ECONOMIA
UNAM, 6(17).
Liao, J., y Gartner, W. (2008). The influence of pre-venture planning on new venture
creation. Journal of Small Business Strategy, 18(2), 1.
Luk, T. K. (1996). Success in Hong Kong: Factors self-reported by successful
small business owners. Journal of Small Business Management, 34(3), 68.
Lussier, R. (1995). A nonfinancial business success versus failure prediction model
for young firms’. Journal of Small Business Management, 33(1), 8-20.
Lussier, R. (1996). A startup business success versus failure prediction model for
the retail industry. Mid-Atlantic Journal of Business, 32(2), 79.
Lussier, R. (2005). A success versus failure prediction model for the real estate
industry. Mid-American Journal of Business, 20(1), 47.
Lussier, R., y Halabi, C. E. (2010). A three-country comparison of the business
success versus failure prediction model. Journal of Small Business Management,
48(3), 360-377.
Lussier, R., y Pfeifer, S. (2000). A comparison of business success versus failure
variables between U.S. and central eastern Europe Croatian entrepreneurs. Entrepreneurship:
Theory & Practice, 24(4), 59.
Lussier, R., Sonfield, M., Corman, J., y McKinney, M. (2001). Strategies used by
small business entrepreneurs. Mid-American Journal of Business, 16(1), 29.
McGee, J., Dowling, M., y Megginson, W. (1995). Cooperative strategy and new
venture performance: The role of business strategy and management experience.
Strategic Management Journal (1986-1998), 16(7), 565.
O’Connor, V., Hamouda, A., McKeon, H., Henry, C., y Johnston, K. (2006). Coentrepreneurial
ventures. Journal of Small Business and Enterprise Development,
13(4), 600.
Orser, B., Hogarth-Scott, S., y Riding, A. (2000). Performance, firm size, and management
problem solving. Journal of Small Business Management, 38(4), 42.
Peinado-Vara, E. (2006). Corporate social responsibility in Latin America. The
Journal of Corporate Citizenship, (21), 61.
Penrose, E. (1959). The theory of the growth of the firm. New York: John Wiley.
Praag, C. (2003). Business survival and success of young small business owners.
Small Business Economics, 21(1), 1.
Rajadell, M. (2003). Ediciones UPC (Ed.), Creación de empresas
Richbell, S., Watts, D., y Warrdle, p. (2006). Owner-managers and business planning
in the small firm. International Small Business Journal, 24(5)
Rubio Bañón, A., y Aragón Sánchez, A. (2006). Competitividad y recursos estratégicos
en las pymes. (spanish). Revista de Empresa, (17), 32-47.
Rumelt, D. P. (1984). Towards a strategic theory of the firm. Alternative theories
of the firm (2002nd ed.) Elgar Reference Collection. International Library of
Critical Writings in Economics.
Sánchez, A., y Rubio, A. (2005). Factores asociados con el éxito competitivo de las
pyme industriales en España. Universia Business Review, (Issue 8), 38-38-51.
Stevenson, H. (2006). A perspective on entrepreneurship
Steyaert, C. (2007). ‘Entrepreneuring’ as a conceptual attractor? A review of process
theories in 20 years of entrepreneurship studies. Entrepreneurship & Regional
Development, 19(6), 453-477.
Storey, D. J. (1994). Thompson (Ed.), Understanding the small business sector
Van der Sluis., van Praag, M., y Vijverberg, W. (2008). Education and entrepreneurship
selection and performance: A review of the empirical literature. Journal
of Economic Surveys, 22(5), 795-841.
Vazquez López, S. O. (2007). Principales enfoques teóricos e investigaciones empíricas
generales sobre la internacionalización de PYMES: Un estudio exploratorio
de investigaciones entre 1999 y 2004. Contaduría y Administración [en
línea]. México, D.F.: Universidad Nacional Autónoma de México.
Vesper, K. (1980). New venture planning. Journal of Business Strategy, 1(2), 72.
Walker, E., y Brown, A. (2004). What success factors are important to small business
owners? International Small Business Journal, 22(6), 577-594.
Wee-Liani, T. (1996). Entrepreneurism: Its is time for a clearer definition. Journal
of Small Business and Entrepreneurship, Vol. 13(1), 5.
Wernerfelt, B. (1984). A resource-based view of the firm. Strategic Management
Journal, 5(0143), 171-180.