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The World of Small Business: A Suggested Typology

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  • Lee E. Preston

Abstract

Detailed study of a sample of more than 200 originally-small firms in a single major industrial area, plus an examination of new business successes as identified by Fortune , reveals five major types of small enterprises, only a minority of which can be described as successful “post-industrial†activities based on new areas of knowledge and new sources of demand. By far the overwhelming portion of the firms studied were found to be operating within traditional “small business industries†, in highly specialized activities with very small total demand, and in satellite roles to major industries or large firms.

Suggested Citation

  • Lee E. Preston, 1977. "The World of Small Business: A Suggested Typology," Entrepreneurship Theory and Practice, , vol. 1(4), pages 13-19, April.
    • Handle: RePEc:sae:entthe:v:1:y:1977:i:4:p:13-19
    DOI: 10.1177/104225877700100403
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    Cited by:

    1. Steven K. Paulson & Alan L. Stump, 1979. "Small Business and the Theory of Small Bureaucracies," Entrepreneurship Theory and Practice, , vol. 3(3), pages 34-47, January.

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