Journal of Management and Organizations Strategy
Volume 2, Numéro 2, Pages 1-16
2020-12-27
Entrepreneurship And Small Business Management
Authors : Sofiane Mostefaoui .
Abstract
This paper explores the dynamics of entrepreneurship and small business management, focusing on three core areas: entrepreneurial ecosystems and institutional support, scaling challenges faced by small and medium-sized enterprises (SMEs), and innovation within small business contexts. It emphasizes that entrepreneurship does not take place in isolation but within a broader system composed of institutions, culture, and networks. Entrepreneurial ecosystems, when well-structured, provide access to finance, mentorship, infrastructure, and regulatory support. These ecosystems are especially effective when governments, academic institutions, and private sectors collaborate to encourage business creation and growth. For instance, public initiatives like Bpifrance in France demonstrate how financial and advisory support can significantly enhance entrepreneurial outcomes. The second part of the paper analyzes the specific barriers SMEs face when attempting to grow beyond their initial stages. While starting a business requires creativity and flexibility, scaling it demands strategic management, financial resources, and the adoption of digital tools. Many SMEs lack adequate access to finance due to perceived risks or insufficient credit history. Furthermore, challenges such as weak internal structures, shortage of skilled labor, and market entry barriers—especially in developing countries—complicate the scaling process. Policy support for SMEs must therefore include not only startup incentives but also long-term strategies for business growth and sustainability. Finally, the paper addresses the role of innovation in small businesses. Although these firms often have limited resources, they excel in making incremental improvements due to their closeness to customers and agile decision-making. Innovation in small firms is usually informal and depends heavily on the entrepreneur’s personal qualities and their ability to build partnerships. Government programs, tax incentives, and digital transformation tools have made innovation more accessible to SMEs. Nevertheless, obstacles such as lack of funding, weak innovation culture, and talent shortages remain. Tailored innovation policies that recognize the specific needs of small firms are essential for supporting job creation, competitiveness, and regional development.
Keywords
Entrepreneurship Small business management SMEs financial resources
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