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Is the Irish SMEs growth related to Entrepreneurial Management in Stevenson’s perspective?

Ahn, Areum (2019) Is the Irish SMEs growth related to Entrepreneurial Management in Stevenson’s perspective? Undergraduate thesis, Dublin, National College of Ireland.

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The main purpose of the paper is to investigate the relationship between Irish Small Medium-sized Enterprises (SMEs) growth and Entrepreneurial management specifically in Stevenson’s entrepreneurship notion. Irish economy enjoys a rapid growth in Europe (European Commission, 2018) and it is considered that one of the main reasons is driven by large foreign corporates that contribute to its economy. As other countries the Irish SMEs are dominant in an economy, accounts for 99.8% of all active firms (CSO, 2014). However, some critiques point out that the economy heavily relies on multinationals; while the Irish SMEs generate only 56% of total revenue in the business economy (CSO, 2014). It is apparent that a proportion of turnovers is relatively low, given the dominance of SMEs in the Irish economy.

An analysis of Small Firms Association (2018) draws attention to poor management practice in Irish domestic firms in relation to business growth, and their research shows that management score of Ireland ranked third bottom among developed countries (Appendix). This implies that Irish SMEs need better management practices, which will help enterprises be more innovative and encouraging for business growth and its productivity (Small Firms Association, 2018). Additionally, according to Zehir et al (2016), in the fast-moving business environment, firms are required to give emphasis on entrepreneurial activities for evolution and growth. Entrepreneurial orientation in management allows to identify potential opportunities that can create a competitive advantage, differing from other players (Shepherd and Wiklund, 2005).

Entrepreneurial management has received considerable attention as a corporate strategy because such management enables firms to achieve sustainable development along with innovative entrepreneurial activities (Hamdan, 2019). In spite of the fact that the entrepreneurial spirit was originated in a start-up of a new business; a great deal of founders of SMEs lack of theoretical understanding of entrepreneurial management (Naldi et al, 2015). Therefore, this research attempts to contribute to the knowledge of entrepreneurial management by conducting a regression analysis whether Stevenson’s entrepreneurship (Stevenson, 1983) can empirically affect the growth of Irish SMEs. The results of the study reveal that there is a positive relationship between entrepreneurial management and the creation of the growth in Irish SMEs at some extent but not all, based on Stevenson’s Entrepreneurial Management practices.

Item Type: Thesis (Undergraduate)
Subjects: H Social Sciences > HB Economic Theory > Entrepreneurship
H Social Sciences > HD Industries. Land use. Labor > Small Business Sector
Divisions: School of Business > BA (Honours) in Business Studies
Depositing User: Caoimhe Ní Mhaicín
Date Deposited: 14 Oct 2019 14:54
Last Modified: 14 Oct 2019 14:54

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