SBANC Newsletter

May 17, 2005

Issue 372-2005

QUOTE

"Leaders need to be optimists. Their vision is beyond the present."

        -- Rudy Giuliani





FEATURE PAPER

Integrity and the Small Business: A Framework and Empirical Analysis

This paper was presented by Leslie E. Palich, Justin G. Longenecker, Carlos W. Moore, and J. William Petty of the Hankamer School of Business, Baylor University at the 2004 ICSB World Conference in Johannesburg, South Africa.

Abstract
This paper presents an analysis of the most pressing ethical issues small businesses face today and outlines a framework for resolving those issues to maintain personal and business integrity. We use a stakeholder management framework adapted for small businesses and provide survey data to identify relevant ethical issues. To pinpoint troublesome ethical issues for small companies, small business personnel across the U.S. were asked the following question: “What is the most difficult ethical issue that you have faced in your work?” Responses from 455 survey participants identify the kinds of issues that challenge the integrity of small business owners in the U.S. The set of issues mentioned most often is related to customers and competitors. The second most common category is concerned with the way a company treats its employees, including decisions about layoffs, workplace discrimination, fairness in promotions, and the like. The third category is related to the obligations of employees to their employers, focusing on the actions of personnel that may not align with the interest of their companies. Management processes and relationships came fourth. Management relationship issues can be especially disturbing because they reflect the moral fiber or culture of the firm, including weaknesses in managerial actions and commitments. Other findings are also explored.

Read the Entire Paper...




TIP OF THE WEEK

Entrepreneurship in Practice: Who wants to be a CEO?

When great minds collide to form a business partnership, the question of who is going to be the head honcho is among the top five most difficult to address and answer. No one necessarily wants to step on toes or toot their own horn early on in the collaboration, so how can it be decided? Should it be the person investing the most, the one with the most pertinent knowledge, the one who thought of it all, or the one with the most leadership skills? Does one person have to be the boss or can partners make their relationship so cohesive that unanimous decisions are norm? Due to the unlikelihood of partners agreeing on operational issues all the time, experts recommend having one person in control. Venture capitalists concur. "They want only one musketeer, and they want a decision-making structure," says one expert. Another: "At the end of the day, somebody has to be accountable."

Not all people are cut out to be chief executives. Headaches and arguments can be avoided by a self-assessment and self-elimination. Read the following lists to see if you're really equipped for calling the shots.

You know you're CEO material when...

  • You stick to your beliefs and the comapny's mission and never compromise your values.
  • As a visionary, you are able to set long-term, realistic goals.
  • Others rally around you to support your plan.
  • Your listening and communication skills are first-rate and highly respected.
  • You enjoy being a coach who fosters teamwork.
  • Part of your goal is to seek out new ideas constantly.
  • You are comfortable with change.
  • Reinventing yourself is a hobby, and you engage in continuous learning for self-improvement.
  • Because of your sense of adventure, you are not afraid to be bold and take risks for the business.
  • You genuinely care for and respect others.

You know you're not CEO material when...

  • Staffers and customers complain about your poor communications skills behind your back.
  • Talent in your organization jumps to competitors because your staffers have no mentors or opportunities.
  • Your rigid and inflexible behavior frustrates employees.
  • You are mercurial and indecisive.
  • As absolute ruler, you don't develop a cult of team players.
  • Because you are a control freak, you do not delegate authority.
  • Your employees aren't straight with you.
  • Diversity issues are not important.
  • Self-centeredness makes you insensitive to others.
  • You're afraid of delivering bad news.

Hodgetts, Richard M., and Donald F. Kuratko. Entrepreneurship: Theory, Process, and Practice. 6th ed. Taunton: South-Western, 2004. 437.




CONFERENCES

The Arab Academy for Banking and Financial Sciences
The Arab Academy for Banking and Financial Sciences will hold its 12th Annual International Conference in Amman - The Hashemite Kingdom of Jordan, at Le Royal Hotel on May 29-31, 2005. "The Role of Banks, Financial and Economic Institutions in Promoting and Financing the Small and Medium Enterprises" will cover the main financial and economic issues faced by SMEs in the Arab countries and worldwide.
For more information, visit: http://www.aabfs.org/EB/Conf/Enhome.asp

The CIBER Research Institute
The CIBER Research Institute will hold its EABR Conference (business & economics) and TLC Conference (teaching methods, styles, and administration) at the Aressana Hotel in Santorini Island, Greece on June 20-22, 2005.
For more information, visit: http://www.CIBERinstitute.org

Marketing Education Resource Center
The Marketing Education Resource Center will hold its 2005 Conclave and Professional Conference at the Renaissance Seattle Hotel in Seattle, Washington on June 23-26, 2005. Conclave programming will include an abundance of information from six conferences: Marketing Management, Entrepreneurship, E-Business/Technology, International Business, Sports/Events Business, and Hospitality/Tourism.

For more information, visit: http://www.mark-ed.org/conclave/default.htm

Neighborhood Networks
Neighborhood Networks will hold its 10th Anniversary National Training Conference in Lake Buena Vista, Florida on June 29-July 1, 2005. The theme of the conference will be "Connecting Communities, Creating Opportunities."
For more information, visit: http://www.hud.gov/offices/hsg/mfh/nnw/2005conf.cfm

Decision Sciences Institute
The Decision Sciences Institute will hold The 2005 International Meeting of the Decision Sciences Institute at the IESE Business School, University of Navarra, in Barcelona, Spain on July 3-6, 2005.
For more information, visit: http://www.iese.edu/en/events/projects/dsi2005/home




CALL FOR PAPERS

The National Collegiate Inventors and Innovators Alliance (NCIIA)
The National Collegiate Inventors and Innovators Alliance (NCIIA) will hold its 10th Annual Meeting in Portland, Oregon on March 23-25, 2006. The theme for the conference will be "Strengthening the fabric: Building capacity for innovation and entrepreneurship."
Submission Deadline: June 10, 2005
For more information, visit: http://www.nciia.net/news_events.html

IPSI
IPSI Transactions journals are planning some special issues in late 2005 and early 2006, and you are welcome to submit your paper. The special issues will focus on Research with Interdisciplinary Elements.
Submission Deadline: June 20, 2005
For more information, visit: http://www.internetjournals.net

IPSI-2005 MONTENEGRO
IPSI will hold its International IPSI-2005 Montenegro Conference in the Hotel Sveti Stefan, Montenegro on October 1-8, 2005. Topics to be covered at the conference include: education, computer science and engineering, B2B, B2C, e-business and management.
Submission Deadline: June 30, 2005
For more information, visit: http://www.internetconferences.net/montenegro2005/index.html

Allied Academics
Allied Academics will hold its 2005 International Internet Conference on July 18-31, 2005.
Submission Deadline: July 8, 2005
For more information, visit: http://www.alliedacademies.org/internet-call.html

USASBE / SBI
USASBE and SBI will hold their 2006 Joint Conference in the JW Marriott Starr Pass Resort & Spa, Tucson, Arizona on January 12-15, 2006. The theme for this conference will be "The Changing Entrepreneurial Landscape."
Submission Deadline: July 15, 2005
For more information, visit: http://www.usasbesbi2006.org




The SBANC Newsletter is provided as a service to the members of our affiliates: Academy of Collegiate Marketing Educators (ACME), Association for Small Business& Entrepreneurship (ASBE), Decision Sciences Institute (DSI), Federation of Business Disciplines (FBD), International Council for Small Business Congress (ICSB), Institute
for Supply Management, The International Small Business Congress (ISBC), Marketing Management Association (MMA), Small Business Administration (SBA), Service Corps of Retired Executives, Small Business Institute (SBI), Society for Marketing Advances (SMA), United States Association for Small Business & Entrepreneurship (USASBE), U.S. Department of Veterans Affairs and Western Decision Sciences Institute (WDSI). If you are interested in membership or would like further information on one of our affiliates, please see our web site at http://www.sbaer.uca.edu




SBANC STAFF

Main Office Phone: (501) 450-5300

Dr. Don B. Bradley III, Executive Director of SBANC & Professor of Marketing

Direct Phone: (501) 450-5345, E-mail: donb@uca.edu

Esther Mead, Co-Lead Development Director, E-mail: estherledelle@yahoo.com

Ashley Ford, Development Intern, E-mail: amf03002@uca.edu

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Small Business Advancement National Center - University of Central Arkansas
College of Business Administration - UCA Box 5018 201 Donaghey Avenue
Conway, AR 72035-0001
- Phone (501) 450-5300 - FAX (501) 450-5360