Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Microbusiness Failure: The Context of Underdeveloped Rural Economies

Microbusiness Failure: The Context of Underdeveloped Rural Economies

Sikahala, Cosmas

Paperback

Accounting

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ISBN10: 3848404818
ISBN13: 9783848404810
Publisher: Lap Lambert Academic Pub
Weight: 0.36
Height: 0.25 Width: 5.98 Depth: 9.02
Language: English
The high rate of microbusiness failure has been at least partly attributed to increased poverty levels and worsening economic situation within underdeveloped economies. Based on Fiedlers's theory of strategic contingency, i explored the perceptions of microbusiness owners' to identify what causes microbusiness failure within underdeveloped economies. The emerging themes included lack of strategic planning and leadership skills, lack of financing, poor infrastructure and marketing, corruption, harsh environmental conditions, competition, tribalism or negative ethnicity, rural-urban migration, bad business location, among others. The findings could be used as a basis for business management and development that can offer local entrepreneurs sources of information regarding the causes of microbusiness failure and ways to prevent future failures. Implications for social change include implementing strategies that may help to prevent or reduce microbusiness failure.

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