Financial Illiteracy And Minority Small Business Failure,
2021
Walden University
Financial Illiteracy And Minority Small Business Failure, Julia Lee Jackson
Walden Dissertations and Doctoral Studies
Minority small businesses are important contributors to the U.S. economy. As such, financial illiteracy resulting in the failure of minority small businesses is a significant problem. The purpose of this study was to determine whether a quantitative correlation exists between financial illiteracy and minority small business failure in the United States. The theoretical foundation consisted of administrative, systems, human capital theories and system thinking, financial, and management concepts. The research questions exhaustively reviewed secondary financial literacy and various business management research data that relate to the ability of the U.S. minority population to create wealth through sustained entrepreneurial success using …
Entrepreneurial Strategies To Mitigate The High Failure Rates Of Small Retail Businesses,
2021
Walden University
Entrepreneurial Strategies To Mitigate The High Failure Rates Of Small Retail Businesses, James A. Latour
Walden Dissertations and Doctoral Studies
The high rate of business failures within the first 5 years negatively affects half of startup business owners. Small retail business owners who fail to develop innovative entrepreneurial strategies experience high failure rates within the first 5 years of operation. Grounded in self-determination theory, the purpose of this qualitative multiple case study was to explore entrepreneurial strategies small retail business owners use to support long-term sustainability. Participants were five small retail business owners from Southern Illinois who successfully used entrepreneurial strategies to reduce high failure rates. Data were collected from semistructured interviews and internal documents relevant to reducing high failure …
Strategies For Sourcing Funding For Startup Businesses In Nigeria,
2021
Walden University
Strategies For Sourcing Funding For Startup Businesses In Nigeria, Nelly Nwabuisi Adiawari Oburo
Walden Dissertations and Doctoral Studies
Some small and medium enterprise (SME) owners are challenged with sourcing adequate funds to start and continue in business. Financing SMEs is critical to their owners to ensure they can remain financially viable and continue contributing to Nigeria’s gross domestic product and economic growth. Grounded in the pecking order theory and the financial growth cycle theory, the purpose of this qualitative multiple case study was to explore strategies owners of startup SMEs in Federal Capital Territory (FCT), Nigeria, can adopt to source funds required to start and sustain a business beyond 5 years. Data were collected through semistructured interviews from …
Strategies Nonprofit Leaders Use To Increase Client Engagement In Entrepreneurship Programs,
2021
Walden University
Strategies Nonprofit Leaders Use To Increase Client Engagement In Entrepreneurship Programs, Juanita Williams
Walden Dissertations and Doctoral Studies
Since 1990, entrepreneurship has been declining in the United States, which negatively impacts the standard of living in the United States by creating fewer jobs and fewer innovations. Identifying and implementing strategies to increase client’s participation in entrepreneurship programs helps business leaders obtain additional funding sources, improve organizational performance, and obtain support from policymakers. Grounded in the human motivation theory, the purpose of this qualitative single case study was to explore strategies three senior business leaders of a nonprofit organization in the mid-Atlantic region of the United States used to increase client engagement in entrepreneurship programs. Data were collected from …
Export Success And Sustainable Strategies For Cameroonian Small And Medium-Sized Enterprises,
2021
Walden University
Export Success And Sustainable Strategies For Cameroonian Small And Medium-Sized Enterprises, Christian N. Bikai
Walden Dissertations and Doctoral Studies
AbstractAccording to the Cameroon Ministry of Small and Medium-Sized Enterprises, small and medium-sized enterprises (SMEs) constitute 99.8% of companies, employ over 70% of the active population, and contribute significantly to economic growth and development. However, less than 25% of new SMEs in Cameroon survive beyond 3 years. Sustainability is essential to small business owners in exporting coffee from Cameroon as an indicator of economic growth and job creation. The purpose of this qualitative multiple case study guided by the transaction cost economics theory was to explore strategies owners of small businesses exporting coffee from Cameroon use to sustain business beyond …
Succession Planning Strategies For Small Family-Owned Businesses,
2021
Walden University
Succession Planning Strategies For Small Family-Owned Businesses, Samuel Buckner Jr
Walden Dissertations and Doctoral Studies
Some business owners lose young, skillful midlevel leaders to competitors because of limited training to prepare a potential successor for senior leadership roles. Family business owners lack succession strategies to transfer business operations to a junior leader that can lead to business closure and increased community unemployment. Using the transformational leadership framework, the purpose of this multiple case study was to explore the succession planning strategies that small family-owned business owners use to train the next generation of leaders in the southeastern region of the United States. The data sources included a semistructured interview with two business owners and leadership …
Strategies For Ethiopian Small Retailers Businesses To Succeed Beyond 3 Years,
2021
Walden University
Strategies For Ethiopian Small Retailers Businesses To Succeed Beyond 3 Years, Samson Negash Gebrehiwot
Walden Dissertations and Doctoral Studies
In Ethiopia, some small retail business owners (SRBOs) embark on initiatives without adequate preparation, which results in a risk of failure within the first three years. Grounded in the conceptual frameworks of resource-based views, dynamic-capabilities views, and relational views, the purpose of this qualitative multiple case study was to explore strategies used by SRBOs leaders to survive and grow beyond three years. The participants were four SRBOs from Ethiopia who succeeded in business for more than three years. Data were collected from semistructured interviews, company documents, observations, notes from data sources and analyzed using Yin’s 5-step data analysis process. Six …
Characteristics Of Authentic Entrepreneurial Leadership Within Information Technology Startups In Kenya,
2021
Walden University
Characteristics Of Authentic Entrepreneurial Leadership Within Information Technology Startups In Kenya, Christine Mukhwana
Walden Dissertations and Doctoral Studies
In Kenya, over 60% of nascent entrepreneurs start businesses with minimal leadership experience, engendering founder-CEOs who cannot sustain a business beyond its formative years. The problem is the nascent entrepreneurs’ lack of understanding of effective leadership. The purpose of this qualitative, phenomenological study was to develop a more nuanced understanding of authentic leadership behavior from the perspective of nascent entrepreneurs. Authentic leadership theory and the three-factor model were used to conceptualize the study. The research question focused on nascent entrepreneurs’ lived experiences and understanding of authentic leadership. The participants in the study were entrepreneurs from the information technology industry in …
Insider Ownership And The Performance Effects Of Firm Diversification In Nigeria,
2021
Walden University
Insider Ownership And The Performance Effects Of Firm Diversification In Nigeria, Ibeawuchi Ibekwe
Walden Dissertations and Doctoral Studies
Despite the preponderance of diversified firms, the diversification–performance (D–P) relationship and how insider ownership moderates it in Nigeria remains unclear and a concern for decision makers interested in the survival of firms and their contributions to society. This quantitative study was conducted to examine the D–P relationship and how it is associated with insider ownership in Nigeria. Agency theory and institution-based theory formed the theoretical foundation of this study. Four research questions that focused on how diversification is related to firm performance and how insider ownership moderates this relationship were answered using the panel design variant of correlational research. Data …
Nonprofit Strategies For Alternative Revenue Generation And Sustainability,
2021
Walden University
Nonprofit Strategies For Alternative Revenue Generation And Sustainability, Aretha Lepearl Day
Walden Dissertations and Doctoral Studies
AbstractIn the post-2008 Great Recession era of a highly volatile global business environment of increased competitiveness, diminishing predictable revenues, and depleting philanthropy, many nonprofit leaders struggle to sustain their organizations. Volatility is important to nonprofit leaders because such fluctuations create unpredictability, which threatens their organizations' financial stability for short-term survivability and long-term sustainability. Grounded in Elkington's triple bottom line conceptual framework, the purpose of this qualitative single case study was to explore nonprofit leaders' strategies for short-term survivability and long-term sustainability. The participants comprised 3 senior leaders in a nonprofit located in the mid-Atlantic region of the United States who …
How Saudi Small Business Managers Increase Retail Electronic Commerce Sales,
2021
Walden University
How Saudi Small Business Managers Increase Retail Electronic Commerce Sales, Ghasan Abdulaziz Almoamen
Walden Dissertations and Doctoral Studies
AbstractSaudi policymakers developed short-and long-term plans supporting the electronic commerce of small and medium-sized enterprises (SME) to increase sales. Saudi SME managers who do not take advantage of these plans to increase sales may lose profits. Grounded in Rogers’s diffusion of innovations theory, the purpose of this qualitative multiple case study was to explore strategies SME business managers use to increase retail electronic commerce sales. The participants comprised 5 Saudi SME managers from 5 different local retail companies who effectively used strategies to increase retail electronic commerce sales. Data were collected through semistructured audio-visual interviews, company websites, and financial documents. …
Sustainability Strategies For Small Business Organizations,
2021
Walden University
Sustainability Strategies For Small Business Organizations, Tajudeen O. Olatunji
Walden Dissertations and Doctoral Studies
Small and medium-sized enterprises (SMEs) are essential to every nation’s economic growth, including the United States, but more than 67% of SMEs fail within the first 10 years. When SMEs implement long term business sustainability strategies, they continue to generate business and remain profitable, enabling SMEs to remain viable and contribute to local community employment opportunities. Using entrepreneurship theory as the conceptual framework, the purpose of this multiple case study was to explore strategies used by 3 SME owners in the northeastern region of the United States to sustain their businesses beyond 10 years. Data were collected using semistructured interviews …
Survival Strategies For Information Technology Startups Beyond 5 Years,
2021
Walden University
Survival Strategies For Information Technology Startups Beyond 5 Years, Matthew Singer
Walden Dissertations and Doctoral Studies
AbstractEntrepreneurship is a leading avenue for job creation in the United States. The lack of access to necessary resources negatively impacts nascent IT-based entrepreneurs’ ability to sustain their business beyond 5 years of beginning operations. Grounded in stakeholder theory, the purpose of this qualitative multiple case study was to explore strategies founders of IT-based entrepreneurial ventures use to survive in business for more than 5 years. The participants comprised 4 entrepreneurial IT founders in San Francisco who effectively used strategies to survive beyond 5 years. Data were collected through semistructured interviews and a review of company documents. Yin’s 5-phase process …
Key Strategies For Small Business Information Technology Consulting With Sustainability Beyond 5 Years,
2021
Walden University
Key Strategies For Small Business Information Technology Consulting With Sustainability Beyond 5 Years, Christopher Lassiter
Walden Dissertations and Doctoral Studies
AbstractSmall business information technology consulting owners lack strategies to sustain their businesses beyond 5 years financially. Small business owners are concerned with sustaining their businesses, as their livelihood and employees are at stake. Grounded in Porter’s five forces theory, the resource-based view model, and Hax and Wilde’s delta model, the purpose of this qualitative multiple case study was to explore strategies small business information technology (IT) consulting owners used to achieve financial sustainability beyond 5 years. Data were collected by semistructured interviews from 5 small business information technology consulting owners. Performance and financial success documents augmented the data collection of …
Strategies Worker-Owned Cooperatives Use To Remain Profitable During Economic Downturns,
2021
Walden University
Strategies Worker-Owned Cooperatives Use To Remain Profitable During Economic Downturns, Termaine Davis
Walden Dissertations and Doctoral Studies
New managers of worker-owned cooperatives who fail to adapt to changing conditions can threaten the organization’s viability. Some new managers of worker-owned cooperatives may lack the strategies they need to maintain consistent employment levels during economic downturns. Grounded in the expected utility theory, the purpose of this qualitative multiple case study was to explore the strategies used by managers of worker-owned cooperatives to maintain consistent employment levels during sustained periods of low revenue. Participants comprised seven managers of worker-owned cooperatives with a minimum of 5 years’ experience in the Midwest of the United States managing cooperatives during sustained periods of …
Funding Strategies For Small Business Sustainability,
2021
Walden University
Funding Strategies For Small Business Sustainability, Ayokunle O. Iyanda
Walden Dissertations and Doctoral Studies
About 50% of small businesses fail within the first five years of operation, lacking access to capital being a contributing factor. The high failure rate is of great concern to the business owners; their livelihood and employees are jeopardized. Through the pecking order theory lens, the purpose of this qualitative multiple case study was to explore strategies small business owners use to access capital to sustain the business past the first five years. Eight small business owners who successfully operated for more than five years in Georgia and Illinois participated in the semistructured interviews. Through thematic data analysis, four themes …
Startups And Human Capital Management In Egypt: In Search Of Decent Jobs,
2021
The American University in Cairo AUC
Startups And Human Capital Management In Egypt: In Search Of Decent Jobs, Maryham Abdel Malak, Ibrahem El Sayed Hassan, Fayrouz El Dabbagh, Laila M. El Baradei
Papers, Posters, and Presentations
While startups are considered an important potential contributor to Egypt’s economic growth, they encounter myriad challenges that hinder their ability to reach their potential, sustain their market presence, and their capacity to provide decent job opportunities. Challenges include the difficulty of locating and sustaining funding, the complicated legal and regulatory framework that governs them, the conservative social norms and culture, and the lack of data and information regarding market dynamics and existing opportunities. The research findings revealed that many startups face challenges with their Human Capital Management (HCM), in the planning, acquisition, development, or sanction functions. This policy paper examines …
Examining The Impact Of Entrepreneurship Training On Entrepreneurial Mindset And Economic Well-Being,
2021
Virginia Commonwealth University
Examining The Impact Of Entrepreneurship Training On Entrepreneurial Mindset And Economic Well-Being, Sombo Muzata
Theses and Dissertations
This study used a mixed methods research design to examine the impact of entrepreneurship training on entrepreneurial mindset and economic well-being using the RVA Works Entrepreneurship Training Program as a case study. With human capital theory as a theoretical framework, a combination of 55 interviews and 36 surveys were used to answer the research questions. The study found that entrepreneurship training positively impacts an entrepreneurial mindset. The impact of the training on entrepreneurial mindset differed by participants age and educational level. Study participants applied their entrepreneurial mindset to their businesses, jobs, and other aspects of life. Participation in the program’s …
Relationship Between Intrinsic Job Satisfaction, Extrinsic Job Satisfaction, And Employee Turnover Intentions,
2021
Walden University
Relationship Between Intrinsic Job Satisfaction, Extrinsic Job Satisfaction, And Employee Turnover Intentions, Taran Pawan Bhagwandeen
Walden Dissertations and Doctoral Studies
Employee turnover can cost business owners up to 200% of an employee’s annual salary to recruit, hire, and train a replacement in the insurance industry. Understanding employee intent to leave is vital for insurance leaders to help reduce turnover. The purpose of this quantitative correlational study was to examine the relationship between intrinsic job satisfaction, extrinsic job satisfaction, and employee turnover intentions of casualty insurance professionals in the southeast region of the United States. The study was grounded in Herzberg’s 2-factor theory. Data were collected from 83 participants using an online survey with questions from the Minnesota Satisfaction Questionnaire and …
Fairness, Emotional Intelligence, And Ethical Decision-Making In Customer Evaluations Of Providers,
2021
Walden University
Fairness, Emotional Intelligence, And Ethical Decision-Making In Customer Evaluations Of Providers, Tameka Austin
Walden Dissertations and Doctoral Studies
Customer satisfaction is a topic that organizations must focus on for the success and continued sustainability of their organizations. Emotional intelligence, fairness, and ethical decision-making are areas that businesses must address to identify how their businesses are impacted by the choices that customers make when working with corporations. The gig economy (short- or long-term project in which a contract worker is hired to perform a specific task or long-term consultant assignment) is an area that has not been addressed to a great extent by psychology researchers. The purpose of this study was to examine the relationships between emotional intelligence, ethical …
