SBANC Newsletter

August 7, 2007

Issue 482-2007

QUOTE

" We want passion for our business.. workers who can interpret and execute our mission, who want to build a career, not just take a temporary job."

     -- Howard Schultz

FEATURE PAPER

Perceptual Barriers Preventing Small Business Owners from Using Public Support Services: Evidence from Canada

The following paper was presented at the 2007 Allied Academies International Conference - Jacksonville. It was written by Josée Audet and Etienne St-Jean of Université Laval and Sandrine Berger-Douce of IAE Valenciennes.

Abstract

Numerous public assistance programs have been put into place to support SMEs. However, SME owner-managers don’t appear to make maximum use of these services. Results from a survey
of 70 SME owner-managers indicate that many owner-managers don’t seem to understand the relevance of the services and don’t know enough about the agencies working in their region. However, most of those who had used the agencies felt the services were appropriate to their needs. The problem thus appears to lie more with the perceptions of owner-managers than with the nature
or quality of the services themselves.

Introduction

Public authorities throughout the world, recognizing both the importance and fragility of small businesses, have over the years created agencies and set up numerous venture development
support and assistance measures. However, entrepreneurs and small business owner-managers do not seem to make maximum use of the services available. The purpose of this research is to identify the factors likely to influence the decision of small business owner-managers to consult public support agencies.

Read the Entire Paper...

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TIP OF THE WEEK

Principles of Innovation

Potential entrepreneurs need to realize innovation principles exist. The principles can be learned and, when combined with opportunity, can enable individuals to innovate. The major motivation principles follow:

Be action oriented. Innovators always must be active and searching for new ideas, opportunities, or sources of information.

Make the product, process, or service simple and understandable. People must readily understand how the innovation works.

Make the product, process, or service customer-based. Innovators always must keep the customer in mind. The more an innovator has the end-user in mind, the greater the chance the concept will be accepted and used.

Start small. Innovators should not attempt a project or development on a grandiose scale. They should begin small and then build and develop, allowing for planned growth and proper expansion in the right manner and the right time.

Aim high. Innovator should aim high for success by seeking a niche in the marketplace.

Try/test/revise. Innovators always should follow the rule of try, test, and revise. This helps work out any flaws in the product, process, or service.

Learn from failures. Innovation does not guarantee success. More important, failures often give rise to innovations.

Follow a milestone schedule. Every innovator should follow a schedule that indicates milestone accomplishments. Although the project may run ahead or behind schedule, it still is important to have the schedule in order to plan and evaluate the project.

Reward heroic activity. This principle applies more to those involved in seeking and motivating others to innovate. Innovative activity should be rewarded and given the proper amount of respect. this also means tolerating and, to a limited degree, accepting failures as a means of accomplishing innovation. Innovative work must be seen as heroic activity that will reveal new horizons for the enterprise.

Work, work, work. This is a simple but accurate exhortation with which to conclude the innovation principles. It takes work - not genius or mystery - to innovate successfully.

Donald F. Kuratko and Richard M. Hodgetts. Entrepreneurship: Theory, Process, Practice - 7th Edition. 2007. Thomson Southwestern. pg.158-159.

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ANNOUNCEMENTS

The Fayetteville Shale Play Symposium

Arkansas Business and the University of Central Arkansas present:
The Fayetteville Shale Play Symposium
August 29, 2007 9am-4pm
University of Central Arkansas
Reynolds Performance Hall

M2007

Learn the latest advances, techniques and best practices at the world's largest data mining conference. SAS presents M2007 - 10th Annual Data Mining Conference - held from October 1-2, 2007.

The session track topics include: business applications, perspectives from retail, perspectives from financial services, perspectives from healthcare, new and emerging technologies, and data mining in marketing.

For more information please click here.

Request for Papers & Reviewer Volunteers

The Small Business Institue is now requesting papers and paper review volunteers for the Small Business Institute Journal. If you are interested in submitting a paper or becoming a volunteer, please let us know. The first issue is to be printed April 2008. For more information please click here or email us at sbij@uca.edu.

SBANC is Updating Their Entrepreneurship and Small Business Network

The Small Business Advancement National Center is currently updating their Entrepreneurship and Small Business Network. If you currently teach or know a professor in your school or state that teaches an Entrepreneurship or Small Business course, please provide us with any available information at sbancj@uca.edu. We appreciate any help. Thank you.

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CONFERENCES

ALLIED
Who:
Allied Academies
What:

Fall International Conference

Where:  Reno, Nevada, USA
When: October 4-5, 2007

BOP 2007
Who: The William Davidson Institute and the Center for Sustainable Global Enterprise at Cornell University
What:

Base of the Pyramid Conference 2007

Where:  Ann Arbor, Michigan, USA
When: September 9-11, 2007

ASBE
Who:
Association for Small Business and Entrepreneurship
What:

2007 Conference

Where:  Austin, Texas, USA
When: October 10-12, 2007

ISBE
Who:
Institute for Small Business and Entrepreneurship
What:

30th Annual ISBE Conference

Where:  Heriot-Watt University, Glasgow, Scotland
When: November 7-9, 2007

TSCF
Who:
The Social Capital Foundation
What:

TSCF Conference

Where:  Hawaii, USA
When: November, 15-19, 2007


CALLS FOR PAPERS


AEBAI
Who:
Applied Business and Entrepreneurship Association International (ABEAI)
What:

4th Annual Meeting

Where: Marriott Wailea Beach Resort - Maui, Hawaii, USA
When: November 16-20, 2007

Submission Deadline:
August 15, 2007

 

IBEC
Who:
International Business and Economy Conference
What:

Seventh International Business and Economy Conference

Where: San Francisco, California, USA
When: January 9 - 12, 2008

Submission Deadline:
September 7, 2007

 

USASBE
Who:
United States Association for Small Business and Entrepreneurship
What:

USASBE 2008 Annual Conference

Where:  The Westin La Cantera Resort - San Antonio, Texas
When: January 10-13, 2008

Submission Deadline:
August 15, 2007

 

SBI
Who:
Small Business Institute
What:

2008 SBI Conference

Where:  Handlery Hotel – San Diego, CA
When: Feb. 14-16, 2008

Submission Deadline:
October 1, 2007




 

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), Federation of Business Disciplines (FBD), International Council for Small Business (ICSB), Institute for Supply Management (ISM), The International Small Business Congress (ISBC), Marketing Management Association (MMA), Small Business Administration (SBA), Service Corps of Retired Executives (SCORE), Small Business Institute (SBI), Society for Marketing Advances (SMA), United States Association for Small Business & Entrepreneurship (USASBE), U.S. Department of Veterans Affairs (VA).. 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

Brandon Tabor, Development Intern

Garion McCoy, Development Intern

Latedra Williams, Development Intern

 

 

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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