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Cost Efficient Problem-Solving Techniques for Small Businesses

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  • Brooke A. Saladin
  • Frank Hoy

Abstract

The basic premise upon which the Production/Operations Management discipline is built is that organizations desire to manage a set of limited resources such that certain inputs are transformed into desired outputs in the most efficient and effective manner. This is true of any type or size organization: public or private, manufacturing or service, large or small. Yet, managers of small organizations may forego the use of Production/Operations Management (P/OM) techniques, sensing that the benefits to be derived from such techniques do not outweigh their costs. This article reports the results of a survey of P/OM practices in small firms and shows that there are needs small business managers have which can be satisfied through the use of cost-efficent P/OM techniques.

Suggested Citation

  • Brooke A. Saladin & Frank Hoy, 1983. "Cost Efficient Problem-Solving Techniques for Small Businesses," Entrepreneurship Theory and Practice, , vol. 7(4), pages 4-14, April.
    • Handle: RePEc:sae:entthe:v:7:y:1983:i:4:p:4-14
    DOI: 10.1177/104225878300700402
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    References listed on IDEAS

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    1. Engming Lin, 1980. "Inventory Control Systems for Small Business," Entrepreneurship Theory and Practice, , vol. 4(4), pages 11-19, April.
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