Small businesses are one of the first organizational entities that sink during a recession. The strength and innovative ability of a nation lies in the ability of smaller businesses to maintain profit margins and find new ways of adapting to poor market conditions. Research helps highlight how the legal form, management, and market exposure of such small businesses contributes to their success in overcoming recession related challenges. The advantages of having small businesses within the market cannot be underestimated. They significantly contribute to employment, income generation, exporting of products/services, stimulators of competition and sources of innovation (Anderson & Tell, 2009). Without the success of small business states and nations would not have those innovative cushions that can recoup quickly and take advantage of market trends. In many cases such businesses suffer from poor financial capital as well as ineffective management that lacks clear stra
The blog discusses current affairs and development of national economic and social health through unique idea generation. Consider the blog a type of thought experiment where ideas are generated to be pondered but should never be considered definitive as a final conclusion. It is just a pathway to understanding and one may equally reject as accept ideas as theoretical dribble. New perspectives, new opportunities, for a new generation. “The price of freedom is eternal vigilance.”—Thomas Jefferson