Enterprise and Small Business Principles
Learning objectives
There are four learning objectives in this chapter:
1 To outline the various international definitions of smaller enterprises.
2 To describe the methodological issues faced in measuring smaller enterprises.
3 To show that smaller enterprises constitute the vast majority of enterprises in any economy.
4 To account for the reasons why the number of smaller enterprises have increased over the last 30 years.
Key concepts
■ definition of the small firm ■ role of small firm in the economy
■ small business trends
Kevin Ibeh 24.1 Introduction This chapter is concerned with internationalisation of small and medium-sized enterprises (SMEs). It starts with some reflections on the now-established status of SMEs as international market …
John Stanworth and David Purdy 23.1 Introduction At its best, franchising is an avenue into self-employment offered by franchisors (owners of a ‘tried-and-tested’ business format) to franchisees (typically aspiring small …
Nigel Lockett and David Brown 22.1 Introduction This chapter looks beyond the extraordinary developments in information and communication technology (ICT), particularly e-commerce and e-business, to the opportunities and challenges presented …
