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Owner Occupier Drivers of Success in Small Business: Comparing Soft Drivers with Hard Work

Access Status
Open access
Authors
Soontiens, Werner
Weber, Paull
Geneste, Louis
Date
2012
Type
Conference Paper

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Citation
Soontiens, Werner and Weber, Paull and Geneste, Louis. 2012. Owner Occupier Drivers of Success in Small Business: Comparing Soft Drivers with Hard Work, in Pillai, R. and Ozbilgin, M. and Harley, B. and Hartel, C. (ed), Australian and New Zealand Academy of Management Conference (ANZAM), Dec 5-7 2012. Perth, Australia: ANZAM.
Source Title
The Proceedings of the 26TH Annual Australian and New Zealand Academy of Management Conference (ANZAM)
Source Conference
26TH Annual Australian and New Zealand Academy of Management Conference (ANZAM)
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Abstract

Despite small and medium sized enterprises accounting for the majority of business activity in most economies and its appeal as a driver of economic growth, there is a lingering uncertainty around the motivation for engaging in SME activities as most SME owners have no growth aspirations. The notion of understanding success and its drivers is prominent in that small business closure rates can reach 9 per cent of the total business stock of a country. To date little empirical evidence provides insight in person-oriented drivers of survival and success of small businesses. This paper addresses these shortcomings somewhat and reports on unstructured feedback collected from small business owners in respect of their perception and experience of driver of success.