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Essay

Distinctive Manegerial

Essay specific features

 

Issue:

Business

 

Written by:

Barbara P

 

Date added:

June 9, 2014

 

Level:

University

 

Grade:

B

 

No of pages / words:

9 / 2469

 

Was viewed:

6830 times

 

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Essay content:

It has a strong influence of owner-manager which means that most of the decisions made are from the owner of the firm, who also manages the business. Small businesses and owner- managers are often treated as a homogenous group, particularly for policy purposes, this is however a gross-over implication...
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Small businesses and owner- managers are often treated as a homogenous group, particularly for policy purposes, this is however a gross-over implication. There are a couple of features that are conventional to small firms and highlight their approach to management and business, which are: • Short-term horizons • Short of cash • Raising finance • Local orientation • Little influence on the market • Scope of activity limited • Over reliance on small number of customers Section 248 of the companies Act of 1985 confirms that small firms should have the following criteria:- • A turnover of no more than ?2...
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