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Small Business Issues and Government Support Structures

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Title: Small Business Issues and Government Support Structures


1
Small Business Issues and Government Support
Structures
  • Business 6610
  • Sean McCarthy

2
What we will talk about
  • General Discussion 1
  • Small Business Issues
  • Research
  • Research Purpose Questions
  • Research Framework
  • Survey Results
  • Conclusions
  • General Discussion 2
  • Government Response

3
Discussion 1 Small Business Issues
  • What issues do small business have to deal with?
  • Which is the more important lets do a survey?
  • Do support needs change as the company changes

4
Discussion 2 Government/Industry Supports
  • Who provides supports
  • What types of supports exist
  • Geographic/Sectoral Supports

5
Research Review
  • Social Sciences Human Research Council Grant
  • Multi-Disciplinary, 3 Year Study
  • Research Team Dr. Gary Gorman Sean McCarthy

6
PURPOSE
  • To determine the support requirements of KBBs at
    various stages in the business development cycle,
    and
  • To assess the level of support presently
    available to KBBs in the Province.

7
Research Questions
  • What are the types and sources of support
    utilized by KBBs and do they differ from more
    traditional firms?
  • Do support requirements change as KBBs progress
    through the business development cycle?
  • Do support gaps exist and are they more prevalent
    in peripheral areas?

8
Research Framework
  • Literature Review
  • Knowledge-based Economy
  • Models of Business Development Growth
  • Business Development Support Systems
  • Focus Groups
  • Support Organizations,
  • Government Departments/Agencies
  • Entrepreneurs

9
Research Framework
  • Semi-structured Interviews
  • Support Organizations
  • Case Studies
  • Entrepreneurs
  • Survey
  • Entrepreneurs Two Stages

10
Step 1 Defining KBBs
  • No standard definition
  • Knowledge as an input and/or output in all firms
  • KBBs exist in traditional sectors and non-KBBS
    exist in new economy sectors
  • Utilized a knowledge-intensity approach (Lee
    Has, 1996)

11
Knowledge-Intensity
12
Step 2 - Business Development Support A
Demand-Side Perspective
  • Initial Stage Survey
  • Without reference to specific programs or
    organizations, please identify the kinds of
    support and assistance you have used.
  • Are there additional kinds of support and
    assistance you have not used that you feel would
    have been helpful to you and your business?

13
Initial Stage Survey
  • Without reference to specific programs or
    organizations, please identify the kinds of
    support and assistance you have used.
  • Are there additional kinds of support and
    assistance you have not used that you feel would
    have been helpful to you and your business?

14
SAMPLING PROCEDURE
  • Purposive
  • Zone lists
  • Targets
  • Random selection

15
SAMPLE TARGETS
16
PROFILE OF RESPONDENTS
17
Profile of Respondents (n260)
  • Gender
  • Male 70
  • Female 30
  • Knowledge-level
  • High 31 Low/Medium 69
  • Stage of development
  • Start-up 3
  • Early development 17
  • Growth/expansion 37
  • Maturity 43

18
Survey Profile Continued
  • Years in operation
  • Mean 15.6, Median 11.5
  • Number of employees
  • Mean 8.3, Median 4.0
  • Location
  • Labrador 10
  • Western 14
  • Central 21
  • Avalon Rural 15
  • St. Johns 40

19
Types of Support and KBBs
20
Financial Support KBBs
21
Support Sources KBBs
22
Step 3 Support Needs the Business Life Cycle
23
Support Needs by Stage of Development
24
Support Sources Used by KBBs
25
PRE-STARTUP SUPPORT
26
STARTUP SUPPORT
27
EARLY DEV. SUPPORT
28
GROWTH SUPPORT
29
SUPPORT DURING MATURITY
30
Support Gaps
31
Perception of Support( Rating Very or Extremely
Helpful)
32
Usage, Familiarity Satisfaction with Support
Organizations by KBBs
33
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34
Types of Support Lacking
35
Conclusions
36
Types Sources of Support
  • Sig. diff. exist in support used by KBBs, in the
    areas of product development, market access
    training
  • Sig. diff. exist in financial support utilized by
    KBBs including RD, project export financing
  • KBBs rely more on networks, including industry
    experts/contacts, professionals consultants

37
Support the Life Cycle
  • Support needs and support sources change as KBBs
    move through the life cycle
  • Mature companies seek minimal support
  • The need for financial support dominates across
    all business stages

38
Support Gaps
  • Perception that support beyond the start-up stage
    is lacking
  • Low levels of familiarity with support
    organizations, especially by firms in peripheral
    regions but KBBs more aware
  • No sig. diff. in support gaps identified by KBBs,
    although regional differences exist
  • No sig. diff. in satisfaction levels across zones

39
Discussion Governments Role
  • Who believes Government has a role?
  • How does Government Intervene but
  • Not provide unfair advantage
  • Locally, nationally, internationally
  • Be responsive, but have checks and balances
  • Respond when an initiative fails
  • Apply broadly but strategically
  • Pick Winners
  • Be perceived as fair/impartial
  • Does Government Support come with a Cost
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