TY - JOUR
T1 - Examination of US Hispanic-owned, small retail and service businesses
T2 - An organizational life cycle approach
AU - Shim, Soyeon
AU - Eastlick, Mary Ann
AU - Lotz, Sherry
N1 - Funding Information:
The researchers wish to express their thanks to the US Hispanic Chamber of Commerce, Washington, DC, and Philip Morris, Inc. for their generous support of the research project.
PY - 2000/1
Y1 - 2000/1
N2 - The importance of Hispanic-owned small businesses to the US economy has grown in recent years, yet, many of these businesses lag behind the performance of mainstream firms. One problem may be the lack of research on the strategic issues central to these businesses. This study attempts to fill this gap by examining the characteristics of Hispanic-owned small service and retail firms through the employment of the Churchill and Lewis (1983, Business Review, 30-50) organizational life cycle model. Five stages of business growth, typified by business performance indicators, problems, structural characteristics, and Hispanic owners' demographics, were identified. Growth stages were found to be similar to those experienced by majority-owned small businesses. Theoretical and practical implications are discussed.
AB - The importance of Hispanic-owned small businesses to the US economy has grown in recent years, yet, many of these businesses lag behind the performance of mainstream firms. One problem may be the lack of research on the strategic issues central to these businesses. This study attempts to fill this gap by examining the characteristics of Hispanic-owned small service and retail firms through the employment of the Churchill and Lewis (1983, Business Review, 30-50) organizational life cycle model. Five stages of business growth, typified by business performance indicators, problems, structural characteristics, and Hispanic owners' demographics, were identified. Growth stages were found to be similar to those experienced by majority-owned small businesses. Theoretical and practical implications are discussed.
KW - Hispanic-owned firms
KW - Organizational life cycle
KW - Retail and services firms
KW - Small business
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U2 - 10.1016/S0969-6989(99)00015-6
DO - 10.1016/S0969-6989(99)00015-6
M3 - Article
AN - SCOPUS:0033971624
SN - 0969-6989
VL - 7
SP - 19
EP - 32
JO - Journal of Retailing and Consumer Services
JF - Journal of Retailing and Consumer Services
IS - 1
ER -