Introduction The aim of this research is to identify the motivational practices that take place in small businesses to improve their employee’s performance and the relation between motivation and employee performance. Motivation plays a very big role in small businesses to succeed because it is a small business and the employees need motivation to lead the business to higher standards. It is considered that when small businesses know how to invest and use their resources have the ability to develop quicker
telephone, Fax and computers. communication serves as the main backbone of any successful business. Without effective communication, managers will be a upable to state employees job description and expectation. If management can’t communicate with workers and workers cannot communicate with management the company will be unable to meet its goals and goals thereby leading to failure of the company. Simply, doing business requires much communication. As a manager, understanding how to communicate with other
SME the acronym which stands for “Small and Medium Scale Enterprises” can be said to describe independent organizations or firms which employ fewer that a certain number of employees usually 250 as defined in the European Union , 300 in Nigeria , 500 in the Unites States of America and 200 in some other countries . The number of employees however is not the only criteria for qualifying SMEs: They are equally defined by their annual turnover which has been set to not exceed 50 million euro (applicable
companies integrate social and environmental concerns in their business operations and interactions with their stakeholders. CSR is generally understood as being the way through which a company achieves a balance of economic, environmental and social imperatives, while at the same time addressing the expectations of shareholders and stakeholders. In this sense it is important to draw a distinction between CSR, which can be a strategic business management concept, and charity, sponsorships or philanthropy
Literature review and Critical analysis VITAL FACTORS This study aimed to explore the most influencing factors in an entrepreneurial business creation. A review of literature identified three main schools of thought in regard to entrepreneurship and SMEs. First, a humanistic school of thought focuses on the entrepreneurs and their personal respective concerns. Accordingly, the entrepreneur's personalities and backgrounds including family, education, work experience and entrepreneurship, gender, age
local corporation as a small to medium enterprise (SME) and mainly active on one national market. Its opposite, a multinational corporation, is considered to be of a larger size and being present globally or at least in a significant number of countries. It is present in form of either production units or local sales organizations
dominant form of business in the United State and they represent nearly 90% of the total businesses in U.S.The importance of family business are visible especially in employment generation, economic growth, transformation and wealth creation. Kuratko et al., (2004) reported that family business generates
Business Management as a science inludes how an organisation works in a constantly changing business environment. The key to analysing a business in a changing business environment is finding out its purpose and evaluating it’s perfomance against that purpose. In this document are the goals,mission, vision and objectives, business environment and other tools such as the SWOT analysis that will help evaluate and analyse the business. This assignment is based on chapters 1 to 4 of the Business Management
Industrial Average and S&P 100(Wikipedia). It went to public on New York Stock Exchange in 1978. The company is best known for its credit card, charge card, and traveler's cheque businesses. Its business segments are including: • U.S. Consumer Services: It offers products and services to customers and small business in United States. It also provides travel services to card members. • International Consumer
workers, but also because they meet local needs and wants. Most local businesses are small, but however two thirds are owned and run by one person, nearly 90% employ less than six people. Those companies that survive over time provide economic stability for the owners, local businesses that create jobs for workers in addition to the owner offer even more economic stability. Economic roles are important for a business as they can increase the value and funds via wealth, creation, innovation and employment