Answered You can hire a professional tutor to get the answer.
I need some assistance with these assignment. leadership in small business Thank you in advance for the help!
I need some assistance with these assignment. leadership in small business Thank you in advance for the help! Research suggests that there are a number of factors that come into play in determining the success or failure of an organization. While leadership plays an unmatched role in steering the small company into becoming a sustainable, ongoing concern, some other factors are also found to affect the success or failure of firms, which might or might not be in the control of the owner. What is important, however, is that the owner understands and identifies these factors and works upon them to ensure smooth operations of the business.
This does not negate or undermine the importance of a good leader with entrepreneurial skill and vision. Leadership plays a very important role in the thriving of a business. In a good economy, many shaky businesses surprisingly make it and are able to get enough customers to sustain existence. They do not follow what an ideal business model dictates but with the help of a glowing economy, these businesses are able to pull through. This research, however, addresses the success and failure of small businesses, irrespective of the economic situation, and the impact leadership will have on the business. It is through persistence, sound decision making, cash flow management, and risk-taking that effective leaders are able to make their businesses succeed despite unfavorable circumstances.
Since December 2007 or about the time when the U.S. economic recession began, small businesses like all other players in the economy have been negatively hit. Small businesses are a crucial part of the economy, therefore, there is much scope and need for study in the area. Small business is governed by the same basic rules and practices that large firms abide by, however, the smaller scale, limited access to resources and a lesser number of people make small and medium-sized businesses a different game altogether. This means that small businesses have a different set of factors affecting their operations and everyday activities, and their concerns and issues are also different in nature. Small businesses have their own development and governing authorities that aid in the support and cooperation of these companies. However, it is found that there are times when specific macroeconomic or government policies are needed that target small businesses and aid them, which includes special allowances or incentive packages which encourage small businesses and help curtail the negative effects and consequences of a troubling external environment, global competition, and economy. .  .
