FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W319327175> ?p ?o ?g. }

• W319327175 startingPage "37" @default.
• W319327175 abstract "IntroductionSmall business represents a major sector of the Canadian economy. In 2008, this sector, which employs 48% (5 million employees) of the total work force, contributed 30% of Canada's gross domestic product (GDP) (Industry Canada, 2008). Further, this report showed that during an exceptionally good economic period from 1997 to 2003, an average of 125,000 businesses failed annually. From a long term perspective, the same report determined that only 25% of businesses remain in operation after 9 years. This finding is similar to that reported by Zontanos and Anderson (2004) who found that over two thirds of businesses close within the decade they open. From an even longer perspective, very few businesses continue on to subsequent generations of ownership. Cater et al (2006) determined that 30% of businesses are passed to the second generation; 12% to the third generation; and 4% to the fourth generation.This investigation represents a follow-up to an earlier research project which identified aspects of multi-generation businesses (Hunter and Kazakoff, 2008). The earlier investigation delved into detail regarding the factors that have allowed some businesses to continue for more than one generation. It documented the comments of family representatives regarding their interpretation of the experiences of their intergenerational Relative to businesses in general, multi-generation businesses here are considered to be because of their longevity. Further, due to the very nature that they are successful from a multigeneration perspective, they are also a family While some family businesses may be quite large, the focus for this research is on the business.The recent financial crisis spanned the period of mid-2008 to late-2009, and was characterized by a sharp economic downturn, world-wide financial markets collapse, and significant job losses. The goal of this project was to identify the aspects related to how multigeneration businesses reacted to the recent financial crisis. Multi-generation businesses are considered successful mainly because of their long term survival beyond the normal tenure of a The project thus provides lessons for all businesses regarding responses to the recent financial crisis. The lessons learned will serve to contribute to reducing the large number of business failures as shown in the above statistics.The next section provides the context for this investigation via a review of the existing literature, focusing mainly on multi-generation Then the details of the specific project are presented. Findings are reported based upon the identified major themes. The subsequent discussion is organized by theme categories and incorporates further comments made by the research participants. In the Conclusion section responses to the research questions are offered.Literature ReviewA review of the available literature fails to reveal significant investigations into multigeneration De Geus (2002) has investigated long lived large businesses. Interestingly, among other findings, he determined that the average life span for firms of any size is 12.5 years.Small businesses are different from big businesses, according to Stevenson (1999) who suggests that in a business there is a focus on the near term, with an emphasis on allocating relatively scarce resources only to what are considered top priority activities. The scarce resources concept is elaborated by Thong et al (1994) via the term resource poverty. This term suggests that business, relative to large business, lacks both financial and human resources, which in turn affects how business is conducted.There exist many definitions for a small business. Because a business is a privately held entity, and thus is not required to publically report performance information, annual revenue or size of investment may not be used as a definition. …" @default.
• W319327175 created "2016-06-24" @default.
• W319327175 creator A5014614617 @default.
• W319327175 creator A5078203283 @default.
• W319327175 date "2012-01-01" @default.
• W319327175 modified "2023-09-25" @default.
• W319327175 title "Multi-Generation Small Business Response to the Recent Financial Crisis" @default.
• W319327175 hasPublicationYear "2012" @default.
• W319327175 type Work @default.
• W319327175 sameAs 319327175 @default.
• W319327175 citedByCount "3" @default.
• W319327175 countsByYear W3193271752012 @default.
• W319327175 countsByYear W3193271752015 @default.
• W319327175 crossrefType "journal-article" @default.
• W319327175 hasAuthorship W319327175A5014614617 @default.
• W319327175 hasAuthorship W319327175A5078203283 @default.
• W319327175 hasConcept C114350782 @default.
• W319327175 hasConcept C127413603 @default.
• W319327175 hasConcept C144133560 @default.
• W319327175 hasConcept C162324750 @default.
• W319327175 hasConcept C162853370 @default.
• W319327175 hasConcept C18762648 @default.
• W319327175 hasConcept C2777973936 @default.
• W319327175 hasConcept C50522688 @default.
• W319327175 hasConcept C78519656 @default.
• W319327175 hasConceptScore W319327175C114350782 @default.
• W319327175 hasConceptScore W319327175C127413603 @default.
• W319327175 hasConceptScore W319327175C144133560 @default.
• W319327175 hasConceptScore W319327175C162324750 @default.
• W319327175 hasConceptScore W319327175C162853370 @default.
• W319327175 hasConceptScore W319327175C18762648 @default.
• W319327175 hasConceptScore W319327175C2777973936 @default.
• W319327175 hasConceptScore W319327175C50522688 @default.
• W319327175 hasConceptScore W319327175C78519656 @default.
• W319327175 hasIssue "1" @default.
• W319327175 hasLocation W3193271751 @default.
• W319327175 hasOpenAccess W319327175 @default.
• W319327175 hasPrimaryLocation W3193271751 @default.
• W319327175 hasRelatedWork W1493817597 @default.
• W319327175 hasRelatedWork W1525635877 @default.
• W319327175 hasRelatedWork W1567138474 @default.
• W319327175 hasRelatedWork W1568593370 @default.
• W319327175 hasRelatedWork W198466982 @default.
• W319327175 hasRelatedWork W2059526323 @default.
• W319327175 hasRelatedWork W2161018525 @default.
• W319327175 hasRelatedWork W2198893859 @default.
• W319327175 hasRelatedWork W2260901669 @default.
• W319327175 hasRelatedWork W2332393405 @default.
• W319327175 hasRelatedWork W2336253374 @default.
• W319327175 hasRelatedWork W2570325716 @default.
• W319327175 hasRelatedWork W2936451046 @default.
• W319327175 hasRelatedWork W306032676 @default.
• W319327175 hasRelatedWork W35567925 @default.
• W319327175 hasRelatedWork W43257715 @default.
• W319327175 hasRelatedWork W82219210 @default.
• W319327175 hasRelatedWork W1532368262 @default.
• W319327175 hasRelatedWork W2737993707 @default.
• W319327175 hasRelatedWork W3122252946 @default.
• W319327175 hasVolume "17" @default.
• W319327175 isParatext "false" @default.
• W319327175 isRetracted "false" @default.
• W319327175 magId "319327175" @default.
• W319327175 workType "article" @default.