Author

  • Małgorzata Okręglicka

    • Czestochowa University of Technology, Poland
    • Poland

Abstract

The success of small businesses sector is crucial for national economies of all countries around the world. This is why the constant analysis of determinants responsible for small firm success is necessary. It allows for a quickreaction to changingbusiness conditionsandthe continuous improvement ofmanagement methods. Literature reviewindicated that theanalysis of key success factorsof smallbusinesses is a commonlyundertakensubject, although it is difficult tofind acomprehensivestudy, completely classifying the determinants ofsuccessaccording to certain criteria.

Keywords

References

  • Alias, Z., Zawawi, E. M. A., Yusof, K. & Aris, N. M. (2014). Determining Critical Success Factors of Project Management Practice: A conceptual framework. Procedia - Social and Behavioral Sciences , 153, 61-69.
  • Anggadwita, G. & Mustafid, Q. Y. (2014). Identification of Factors Influencing the Performance of Small Medium Enterprises (SMEs). Procedia - Social and Behavioral Sciences , 115, 415-423.
  • Barkham, R. J. (1989). Entrepreneurship: New Firms and Regional Development. PhD Thesis, University of Reading (UK).
  • Badger, D., Nursten, J., Williams, P. & Woodward, M. (2000). Should all literature reviews be systematic? Evaluation and ResearchEducation , 14(3–4), 220–230.
  • Battilana, J. & Casciaro, T. (2012). Change Agents, Networks, and Institutions: A Contingency Theory of Organizational Change. Academy of Management Journal , 55(2), 381-398.
  • Belassi, W. & Tukel, O. I. (1996). A new framework for determining critical success/failure factors in projects. International Journal of Project Management , 14, 141–151.
  • Bird, B. (1989). Entrepreneurial Behavior. Chicago, IL: Foresman.
  • Boynton, A. C. & Zmud, R. W. (1984). An Assessment of Critical Success Factors. Sloan Management Review , 25(4), 17-27.
  • Campbell, R. (1991). 12 keys for entrepreneurial success. Business Economic Review , 37(3), 19 -22.
  • Coy, S. P., Shipley, M. F., Omer, K. & Khan, R. N. A. (2007). Factors contributory to success: a study of Pakistan’s small business owners. Journal of Developmental Entrepreneurship , 12(2), 181-198.
  • D’Amboise, G. & Muldowney, M. (1988). Management Theory for small Business: attempts and requirements. Academy of Management Review , 13, 226-240.
  • DeHayes, D. W. & Haeberle, W. L. (1990). University Alumni Small Business Research Program: A Study of Emerging Businesses. Bloomington: Centre for Entrepreneurship and Innovation, Indiana University.
  • Drucker, P. F. (1973). Management: Tasks, Responsibilities, Practices'. New York: Harper & Row.
  • Duchesneau, D. & Gartner, W. (1990). A profile of new venture success and failure in an emerging industry. Journal of Business Venturing , 5, 297–312.
  • Duncan, I. (1991). An introduction to entrepreneurs. CMA Mag ., 65(9), 32.
  • Entrialgo, M., Fernández, E. & Vázquez, C. J. (2000). Characteristic of Managers as Determinants of Entrepreneurial Orientation: Some Spanish Evidence. Enterprise and Innovation Management Studies , 1(2), 187-205.
  • Evans, P. (1986). The strategic outcomes of human resource management. Human Resource Management , 25, 149-167.
  • Foley, P. (1987). Marketing Management Policies and Small Business: An Investigation of the Factors Contributing to Small Business Success. PhD Thesis, Council for National Academic Awards (UK).
  • Gaskill, G. T. & Hyland, J. M. (1989). Starting and managing a small business. Manage Account , 71(6), 28-31.
  • Gaskill, L., Van Auken, H. & Manning, R. (1993). A factor analytic study of the perceived causes of small business failure. Journal of Small Business Management , 31(4), 18. Retrieved July 2, 2008, from ABI/INFORM Global database. (Document ID: 591220).
  • Ghosh, B. C., Liang, T. W., Meng, T. T. & Chan, B. (2001). The key success factors, distinctive capabilities, and strategic thrusts of top SMEs in Singapore. Journal of Business Research , 51(3), 209-221.
  • Gorzeń-Mitka, I. (2013). Risk identification tools - Polish MSMES company’s practices. In: Problems of Management in the 21st Century , 7, 6-11.
  • Gunter, R., Kluge, J., Kempis, R. D., Diederichs, R. & Bruck, F. (1995). Simplicity Wins. How Germany's MidSized Industrial Companies Succeed. Harvard Business School Press, Boston, MA.
  • Hibbler-Britt, L. M. & Sussan, F. (2015). Small business success and social capital: a multi-cultural approach. Global Conference on Business& Finance Proceedings , 10(1), 156-163.
  • Hills, G. & Narayana C. (1990). Profile, characteristics, success factors and marketing in highly successful firms. In Frontiers of Entrepreneurship Research, Brockhaus, Jr, N., Churchill, N., Katz, J., Kirchhoff, B., Vesper, K., Wetzel, W. (eds.), 69–80. Wellesley, MA: Babson College.
  • Huck, J. F. & McEwen, T. (1991). Competencies needed for small business success - perceptions of Jamaican entrepreneurs. Journal Small Business Management , 29(4), 90-93.
  • Iacono, A. & Nagano, M. S. (2009). Interactions and Cooperation in Local Production Systems: An Analysis of Inhibiting Factors Related to Specificities of Small Enterprises. Journal of Technology Management & Innovation , 4(2), 143-153.
  • Indarti, N. & Langenberg, M. (2005). A Study of Factors Affecting Business Success Among SMEs: Empirical Evidences from Indonesia, Retrieved from http://www.smmeresearch.co.za/SMME%20Research%20General/Reports/Succes%20factors%20 among%20SMEs%20in%20Indonesia.pdf
  • Jennings, P. & Beaver, G. (1997). The performance and competitive advantage of small firms: A management perspective. International Small Business Journal , 15(2), 63–76.
  • Jerez-Go’mez, P., Ce’spedes-Lorente, J. & Valle-Cabrera, R. (2005). Organizational learning capability: a proposal of measurement. Journal of Business Research , 58, 715–725.
  • Kaur, P. & Sharma, S. K. (2014). Evaluating the Relationship and Influence of Critical Success Factors of TQM on Business Performance: Evidence from SMEs of Manufacturing Sector. IUP Journal of Operations Management , 13(4), 17-30.
  • Keats, B. W. & Bracker, J. S. (1988). Toward a theory of small firm performance: A conceptual model. American Journal of Small Business , 12, 41-58.
  • Kristiansen, S., Furuholt, B. & Wahid, F. (2003). Internet cafe entrepreneurs: pioneers in information dissemination in Indonesia. The International Journal of Entrepreneurship and Innovation , 4(4), 251263.
  • Larson, P. (1987). How to survive in Montana’s slow growth economy. Montana Business Quarterly , 25, 16–18.
  • Lee, S. & Ahn, H. (2008). Assessment of process improvement from organizational change. Information & Management , 45(5), 270–280.
  • Lemańska-Majdzik, A. & Tomski, P. (2013). O sukcesie przedsiębiorstwa. Zeszyty Naukowe Uniwersytetu Przyrodniczo-Humanistycznego w Siedlcach, nr 98 Seria. Administracja i Zarządzanie , 25, 203-214.
  • Leone, N. M. C. G. (1999). As especificidades das pequenas e médiasempresas. Revista de Administraçăo , 34(2), 91-94.
  • Luk, S. (1996). Success in Hong Kong: Factors self-reported by successful small business owners. Journal of Small Business Management , 34(3), 68–74.
  • Lussier, R. & Pfeifer, S. (2001). A cross-national prediction model for business success. Journal of Small Business Management , 39(3), 228–237.
  • Lyons, R. K., Chatman, J. A. & Joyce, C. K. (2007). Innovation in services: corporate culture and investment banking. California Management Review , 50(1), 174-191.
  • Man, T. W. Y., Lau, T. & Chan, K. F. (2002). The competitiveness of small and medium enterprises a conceptualization with focus on entrepreneurial competencies. Journal of Business Venturing , 17(2), 123–142.
  • Mazzarol, T. & Choo, S. (2003). A study of the factors influencing the operating location decisions of small firms. Property Management , 21(2), 190-208.
  • McCormack, M. H. (1989). Starting your own business. Mod Off Technol. , 34(9), 12-14.
  • Miles, D. A. (2014). Examining Forces That Impact Firms: A Factor Analysis of Endogenous and Exogenous Risk Factors and Their Effect on Small Business Enterprises. Academy of Business Research Journal , 2, 20-35.
  • Mraz, S. J. (1989). Advice from entrepreneurs. 61(9), 125-128.
  • Mynarzová, M. & Štverková, H. (2015), Veřejnápodporajakovýznamnýfaktorkonkurenceschopnostimalých a středníchpodnikůnavnitřnímtrhuEvropskéunie. In: ZborníkvedeckýchprácAktuálneproblémypodnikovejsféry 2015. Bratislava: Ekonomickáuniverzita Bratislava, Fakultapodnikovéhomanažmentu, Katedrapodnihovohospodárska, 452-461.
  • Okręglicka, M. (2007). Innovation Activities in the Microenterprise Sector - Selected Aspects. In: Information Technologies in Economics and Innovative Management. Duda, J.T. (ed.). Kraków: WydawnictwoNaukowo-Dydaktyczne AGH. 162-168.
  • Osborne, R. (1993). Why entrepreneurs fail: How to avoid the traps. Management Decision, 31(1), 18. Retrieved from http://proquest.umi.com/pqdweb?did=603105&sid=28&Fmt=2&clientId=1354&RQT=309&VName =PQD
  • Philip, M. (2011). Factors Affecting Business Success of Small & Medium Enterprises (SMEs). Amity Global Business Review , 6(1), 118-136.
  • Pollock, M. F. (1989). Controlling their Own Success, Women and Business Ownership, PhD Thesis. Rutgers State Universirty of New Jersey.
  • Rockart, J. F. (1982). The changing role of information system executive: A critical success factors perspective. Sloan Management Review , 24(1), 3-13.
  • Salim, I. & Sulaiman, M. (2011). Organizational Learning, Innovation and Performance: A Study of Malaysian Small and Medium Sized Enterprises. International Journal of Business and Management , 6(12), 118126.
  • Schilit, K. W. (1986). Guidelines for entrepreneurial success. Advanced Management Journal , 51(3), 44 ± 8.
  • Sok, P. & O’Cass, A. (2011). Achieving superior innovation-based performance outcomes in SMEs through innovation resource-capability complementarity. Industrial Marketing Management , 40, 1285–1293.
  • Steiner, M. & Solem, O. (1988). Factors for success in small manufacturing firms. Journal of Small Business Management , 26(1), 651–656.
  • Tohidi, H. & Jabbari, M. M. (2012). Innovation as a Success Key for Organizations. Procedia Technology , 1, 560 – 564.
  • Yusuf, A. (1995). Critical success factors for small business: perceptions of South Pacific entrepreneurs. Journal of Small Business Management , 33(2), 68-73.

Downloads

No downloads have been recorded for this article yet. Figures appear here once readers begin downloading the full text.

How to Cite

Okręglicka, M. (2015). Key Factors of Small Business Success: Literature Review. Journal of Social and Development Sciences, 6(4), 30-36. https://doi.org/10.22610/jsds.v6i4.857

Share this article

License

Copyright (c) 2015 Małgorzata Okręglicka (Author)

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

Author (s) should affirm that the material has not been published previously. It has not been submitted and it is not under consideration by any other journal. At the same time author (s) need to execute a publication permission agreement to assume the responsibility of the submitted content and any omissions and errors therein. After submission of revised paper in the light of suggestions of the reviewers, the editorial team  edits and formats manuscripts to bring uniformity and standardization in published material.

This work will be licensed under Creative Commons Attribution 4.0 International (CC BY 4.0) and under condition of the license, users are free to read, copy, remix, transform, redistribute, download, print, search or link to the full texts of articles and even build upon their work as long as they credit the author for the original work. Moreover, as per journal policy author (s) hold and retain copyrights without any restrictions.

Keywords

Section

Research Paper

Published in

Vol. 6 No. 4 (2015) Entrepreneurship, Governance & Community Sustainability View issue contents

Published

2015-12-30

Submissions

Have research to publish? Journal of Social and Development Sciences welcomes submissions.

Make a Submission