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Books > Business & Economics > Finance & accounting > Accounting
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SME Performance - Separating Myth from Reality (Hardcover)
Loot Price: R2,872
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SME Performance - Separating Myth from Reality (Hardcover)
Expected to ship within 12 - 19 working days
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`Watson addresses some of the most pervasive myths related to small
business performance in an engaging manner, capturing the nuances
of these important issues. His review of the definitions of
business failure and study of the differences those definitions
make for research outcomes is particularly striking and useful for
policy makers, researchers, and educators. This book helps us think
more deeply about the variety of motivations, approaches, and
outcomes that make up the world of small business.' - Patricia
Greene, Babson College, US `John Watson is my type of researcher.
His scholarly career has been devoted to finding out what actually
happens to small businesses, based on looking in detail at their
performance and the factors influencing their performance. This
frequently means that sacred cows have been sent to abattoir. The
most notable of these is that most small business closures are
"failures". They are not, and Watson makes this point with clarity.
This book further develops this insight. It then moves on to derive
a better understanding of important policy issues such as the
extent and relevance of financial constraints in small firms, and
the role that governments might play in relaxing such constraints.
Policy makers take note.' - David Storey, Warwick Business School,
UK The performance of Small and Medium-sized Enterprises (SMEs) has
been a subject of continual interest to both researchers and
practitioners. This enlightening book investigates the pitfalls
which have affected the assessment of SME performance in much of
the past research. In this book, John Watson dispels a number of
myths that have become part of the SME landscape - including that
SMEs suffer from excessively high failure rates; that female-owned
SMEs under-perform male-owned SMEs; and that SME growth
(particularly for female-controlled SMEs) is severely limited by a
lack of external funding. Making extensive use of both
cross-sectional and longitudinal data, this book will appeal to
research students interested in entrepreneurship and SMEs, teachers
of entrepreneurship courses and policymakers. Advisors to the SME
sector will also find that the material presented provides them
with a good background understanding of performance in this sector.
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