Innovations in the small businesses failure paths model (Innowacje w modelu sciezek niepowodzen gospodarczych malych firm)

Jaroslaw Ropega ()
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Jaroslaw Ropega: Uniwersytet Lodzki, Katedra Przedsiebiorczosci i Polityki Przemysiowej

Problemy Zarzadzania, 2015, vol. 13, issue 50, 220-237

Abstract: The article presents the issues relating to the phenomenon of economic failures. The article presents the characteristics of small businesses hindering management, and identifies the main criteria indicating the reasons, consequential problems, symptoms and crises that occur in them. Then, the article provides an overview of the major paths of economic failures of small businesses. On their basis the opportunity to influence of innovation and innovation in tackling the economic failures was identified. Within the paths of economic failures the potential opportunities to introduce innovations to reduce this phenomenon were identified. The paper presented considerations suggesting that the significant point initiating the future process of preventing this phenomenon is to link innovation with the components occurring in the paths of economic failures which will, in turn, allow to build and implement the strategy in this regard.

Keywords: small firms; business failure; innovations (search for similar items in EconPapers)
JEL-codes: L21 L25 O31 (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:sgm:pzwzuw:v:13:i:50:y:2015:p:220-237

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