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    Understanding critical success factors and perceived future among micro and small firms through entrepreneurial action theory

    Access Status
    Fulltext not available
    Authors
    Duarte Alonso, Abel
    Kok, Seng
    Date
    2020
    Type
    Journal Article
    
    Metadata
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    Citation
    Duarte Alonso, A. and Kok, S. 2020. Understanding critical success factors and perceived future among micro and small firms through entrepreneurial action theory. European Business Review.
    Source Title
    European Business Review
    DOI
    10.1108/EBR-10-2019-0243
    ISSN
    0955-534X
    Faculty
    Faculty of Business and Law
    School
    School of Management
    URI
    http://hdl.handle.net/20.500.11937/79719
    Collection
    • Curtin Research Publications
    Abstract

    Purpose – This study aims to examine how owners and managers of micro and small enterprises perceive firm success and the future of their businesses. Entrepreneurial action theory is adopted in the analysis and a modified theoretical framework is proposed.

    Design/methodology/approach – Semi-structured, face-to-face interviews were conducted with 34 owners and managers representing 32 Italian and Spanish wine businesses; qualitative content analysis was used.

    Findings – Eight dimensions common to both groups of participants emerged, with the most prevalent themes revealing strong links with opportunity maximisation. In particular, the importance of perceived critical success factors was manifested by continuous improvements, building relationships, and being perceived highly are in line with perceptions of wineries’ future, including entering demanding markets, becoming a referent for the region, or attaining global recognition.

    Originality/value – In investigating critical success factors and the perceived future of businesses from two of the world’s largest wine producers and exporters, this study provides a theoretical, practical and international perspective concerning these dimensions. In addition, this study focuses on Europe’s largest business sector, namely, small and medium enterprises. Furthermore, this study proposes a theoretical framework, which brings together the findings and the insights of entrepreneurial action theory.

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