Dissertation/Thesis Abstract

Small Business Owners' Strategies for Success
by Onyenego, Ovuefelomaloye, D.B.A., Walden University, 2018, 132; 10975877
Abstract (Summary)

Small businesses represent 99.7% of all employers in the United States and account for 63% of new jobs; however, 50% of small businesses fail within 5 years of operation. The purpose of this multiple case study was to explore strategies that some small restaurant owners used to succeed in business for longer than 5 years. The sample population for the study was the owners of 3 small restaurants in the northeastern region of the United States who have a minimum of 5 years’ experience in operating a successful business. Chaos theory provided the conceptual framework for the study. Data collection methods were semistructured interviews and review of company documents and archival records. Member checking of interview transcripts was used to strengthen the credibility, reliability, and trustworthiness of the findings. Based on the methodological triangulation of the data sources and using the van Kaam process, themes emerged. The principal themes that emerged were networking, customer satisfaction, and leadership. The findings from this study may contribute to positive social change by providing strategies that small business owners need to be successful and possibly improve the prosperity of the community and local economy.

Indexing (document details)
Advisor: Nattress, Deborah
Commitee: Brown, Annie, Burrus, Scott
School: Walden University
Department: Management
School Location: United States -- Minnesota
Source: DAI-A 80/03(E), Dissertation Abstracts International
Source Type: DISSERTATION
Subjects: Business administration, Management
Keywords: Customer satisfaction, Leadership, Networking
Publication Number: 10975877
ISBN: 9780438613959
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