The Future of the SME: Can Wales Sustain an EnterpriseCulture?
Storey (1994) reviews a number of socio-economic variables that have been widely hypothesised toimpact upon small business formation. These are:- population (change, density, age structure)unemployment, wealth, education, industrial structure, and public policy. These factors are consideredwith specific reference to the Welsh economy, comparisons are made with the UK, and with the SouthEast of England- the region that has historically had the highest levels of business start-ups and selfemployment. VAT data is used as the measure of business start-ups and closures. There is alsoconsideration of self-employment. Overall, Wales experiences a lower level of activity (start-ups andclosures) than the UK as a whole, and the South East in particular. Doubts are raised as to whetherachieving parity with the UK in terms of business start-ups is realistic, given the low starting point inWales, combined with the apparently less favourable structural position of the economy. There are alsoconcerns regarding levels of human capital, and with respect to the demand side of the Welsh economy.Implications for policy and for future research are reviewed in the light of these findings, withsustainability, and the potential role of the Assembly seen as key. Finally, the merit of examining more“cultural” factors (and of utilising other sources of new firm formation data) is suggested.[...]
|Year of publication:||
|Institutions:||Welsh Enterprise Institute <Pontypridd>|
|Subject:||Unternehmensgründung | foundation of an enterprise | Klein- und Mittelbetrieb | Unternehmenskultur | Raumordnung | Aménagement du territoire|
|Type of publication:||Book / Working Paper|
|Classification:||Theory of organisation ; Corporate growth, plant size and choice of location ; Individual Working Papers, Preprints ; United Kingdom|
USB Cologne (business full texts)
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