Abstract
This study examines the effect that age and business size have on business performance. A structured research instrument was used to collect data from 500 SMEs in retail industry through interviewer administrated and self-administrated survey and 93% of questionnaires were returned. The results show that there is no statistical significant difference between the means of business size and business performance. There is no significant difference between the age categories; under one year and 20 years and more and business performance. Age is no longer a significant factor in a company's performance after twenty years. Life cycle approach of the company or industry could be an appropriate basis for analysis. Effective use of employees will increase business performance. It is important that employees are well trained to use the necessary technology and understand the importance of technology in the business.
| Original language | English |
|---|---|
| Pages (from-to) | 7-12 |
| Number of pages | 6 |
| Journal | Problems and Perspectives in Management |
| Volume | 12 |
| Issue number | 4 |
| Publication status | Published - 2014 |
Keywords
- Business age
- Business performance
- Business size
ASJC Scopus subject areas
- Business and International Management
- General Business,Management and Accounting
- Sociology and Political Science
- Public Administration
- Strategy and Management
- Information Systems and Management
- Law