Early Warning Systems for Small Business: Insights from Across Europe

Padraig Gallagher (), Tara Doherty () and Simon Stephens ()
Additional contact information
Padraig Gallagher: Research and Innovation Office, Atlantic Technological University, Letterkenny, Donegal, F92 FC93 Ireland
Tara Doherty: Research and Innovation Office, Atlantic Technological University, Port Road, Letterkenny, Donegal, F92 FC93 Ireland
Simon Stephens: Faculty of Business, Atlantic Technological University, Letterkenny, Donegal, F92 FC93 Ireland

Journal of Enterprising Culture (JEC), 2022, vol. 30, issue 04, 453-470

Abstract: In this paper we propose that a crisis can be avoided by taking countermeasures, which are informed by an Early Warning System. An Early Warning System can help lessen the impact of crisis episodes and provide a systematic approach to the response of small business owners to challenges in their business environment. Following a review of the literature, we undertook data collection in two stages. In stage one, focus groups were conducted with small business owners in four European countries. In stage two we worked with an expert panel to refine and develop a set of indicators for an Early Warning System. It is envisaged that the set of indicators will serve as the basis for further thought and empiricism. We argue that a delay in crisis recognition curtails the scope and time for corrective action.

Keywords: Small business; focus groups; crisis; early warning; Europe (search for similar items in EconPapers)
Date: 2022
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.worldscientific.com/doi/abs/10.1142/S0218495822500157
Access to full text is restricted to subscribers

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wsi:jecxxx:v:30:y:2022:i:04:n:s0218495822500157

Ordering information: This journal article can be ordered from

DOI: 10.1142/S0218495822500157

Access Statistics for this article

Journal of Enterprising Culture (JEC) is currently edited by Teck-Meng Tan

More articles in Journal of Enterprising Culture (JEC) from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().