SBANC
Small Business Advancement National Center University of Central Arkansas — Conway Arkansas
Quote
115H, College of Business - University of Central Arkansas - 201 Donaghey Ave. Conway, AR Issue: 821 – June 10th, 2014
Of The Week
“Coming together is a beginning; keeping together is progress; working together is success.” - H en r y F or d
Upcoming Conferences Who: Allied Academies AA
AA
AA
What: Summer International In- Where: Online ternet Conference
Who: Allied Academies
When: December 15-19, 2014
What: Winter International Internet Conference
Where: Online
Who: Allied Academies
When: April 8-10, 2015
What: Spring International Con- Where: New Orleans, LA ference
Who: Allied Academies AA
When: July 21-25, 2014
When: October 15-17, 2014
What: Fall International Confer- Where: Las Vegas, NV ence
Announcements SBANC
IEDC
ISBE
ICSB
ICSAI
The Small Business Advancement National Center aims at increasing your knowledge of small business and entrepreneurship. All questions and comments are greatly appreciated.
The International Economic Development Council is offering an Economic Development Credit Analysis training course on August 6—8, 2014 in Denver, Colorado.
The Haydn Green Institute at Nottingham University in partnership with the Institute of Small Business & Entrepreneurship (ISBE) is inviting people to attend a Paper Development workshop that will take place on September 18, 2014 at Nottingham University, Nottingham, The Mentoring Institute at the University of New Mexico is accepting proposals for its seventh annual Mentoring Conference. The 2014 conference will be held on Tuesday, October 21 through Friday, October 24 in Albuquerque, NM, at the Student Union Building, UNM. The Shanghai Dianji University will be hosting the 2014 2nd International Conference on Systems and Informatics on November 15-17, 2014 in Shanghai, China. The submission deadline for paper submissions has been extended to July 15, 2014.
Call for Papers Who: Asia Pacific Int’l Academy When: November 13-14, 2014 APIA
AMA
GICEA
AICLEP
What: Asia Conference on Eco- Where: Singapore nomics & business Research Deadline: July 22, 2014 Who: Atlantic Marketing Association
When: September 25-27, 2014
What: Annual Conference
Deadline: July 1, 2014
Who: Le Harve University
When: November 27-28, 2014
Where: Asheville, NC
What: Global International Con- Where: London ference in Europe & America Deadline: October 15, 2014 Who: Oxford University
When: September 1 - 3, 2014
What: Annual Int’l Conference on Law, Economics, & Politics
Where: Oxford, UK Deadline: August 1, 2014
Tip
of the Week
“For some, success is growing a business only to the point where it provides a comfortable living, rather than a larger, perhaps even a publicly listed, company.” Skills and Knowledge: Resources at Start-up At the beginning of a new venture, every potential entrepreneur will bring with them a set of skills gained over their life course through education, work experience, or even from managing a venture previously. A lone entrepreneur will have a limited set of skills, while a management team may bring a wider variety of capabilities and experience. Depending on the sector, ambition of the entrepreneur and the scope of the firm, potentially at least, the necessary skills will vary. It is important to consider, therefore, what skills are available at the outset and what the nascent entrepreneur might need now, and in the future, and why certain skills are important. There has been some research to identify exactly what skill sets provide the best opportunities to create a successful firm. Studies generally apply the resource-based view of the firm to explain how the entrepreneur’s or founding management team’s capabilities and human capital have a fundamental influence on the performance of the firm. However, the results are inconclusive and it is advisable to approach this subject with caution. The issues are complex. Studies that have been conducted range across a broad assortment of contexts in terms of sector, geography, economic climate, institutional regulation, gender and son on. Studies also use a variety of measures for success—for example, profit, turnover or number of employees—and are not necessarily comparable. The inconclusive results may be because of the different measures used and different contexts investigated. It is worth considering also that such measures may not accord with the criteria of success entrepreneurs themselves apply. For some, success is growing a business only to the point where it provides a comfortable living, rather than a larger, perhaps even a publicly listed, company. The ambition or motivation to achieve the latter will require a particular and very different skill set from a lifestyle business. Nevertheless, and despite this range of caveats, it is still important to consider the types of knowledge, skills, and capabilities that may be relevant when starting a new venture.
“
Feature Paper
SBANC Staff
Pricing Practices In Very Small Businesses:
Executive Director
A Replicative Study
Dr. Don B. Bradley III
Development Intern
Pricing is an important decision in small business management. This paper explores the factors that impact small business owners/managers in setting and changing prices. Satisfactory profits, costs and competitors’ decisions seem to be the basic factors that affect setting and changing prices among small business owners/managers. Additionally we explore non-price tools used by small business as an alternative way to compete. (pg. 26)
James Vire
Development Intern Daniel Champion
Comments? The Small Business Advancement National has recently made immense changes to the layout of its website, SBAER.UCA.EDU, as well as its Newsletter. We welcome constructive criticism, comments, and of course, all questions throughout this transition.
Read Entire Paper Here
Contact Us Email: SBANC@UCA.EDU Phone: 1 (501) 450-5300 Mail:
Feature Paper Source:
Tip of the Week Source:
Small Business Management
Resourcing the Start-up Business: Creating Dynamic entrepreneurial
17th Edition
UCA Box 5018 201 Donaghey Avenue Conway, AR 72035-0001
Learning Capabilities
Longenecker, Petty, Palich & Hoy
Oslwad Jones, Allan MacPherson and
CENGAGE Learning
Dilani Jayawarna
Page 239 - 240
Page 52
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