Based on Human Resource Management in a Business Context by Alan Price - published by Cengage Learning
The purpose of this chapter is to:
- Outline the nature of entrepreneurship.
- Evaluate the consequences of business growth on human resource practice
- Discuss the available research findings on human resource management in small and medium-sized businesses.
- Consider the consultancy as a special instance of the small business.
HRM in smaller organizations
Small firm growth
The growth process
HRM practices in the small organization
Entrepreneurship and business growth research
Working in small businesses
This chapter introduced you to entrepreneurship and people management issues in small
and medium-sized enterprises. This remains an inadequately researched area in HRM terms
despite its importance to job creation and national economies. There is a fair amount of
knowledge about individual entrepreneurs and their aspirations but comparatively little
'hard evidence' regarding collaborative entrepreneurship and the human resource aspects
of the business growth process.
International differences and similarities in small business
research are outlined by Howard Aldrich in 'Learning Together: National Differences in
Entrepreneurship Research' in D. L. Sexton and H. Landstrom (Eds.) The Blackwell
Handbook of Entrepreneurship, (Blackwell Handbooks in Management), published by
Blackwell (2000). His evolutionary approach to business growth is described in
Organizations Evolving, Sage (1999).
Good texts on the growth process in SMEs include: Catlin and Matthews' Leading at the
Speed of Growth: Journey from Entrepreneur to CEO, published by John Wiley & Sons
(2001); and Flamholtz and Randle's Growing Pains : Transitioning from an
Entrepreneurship to a Professionally Managed Firm, published by Jossey-Bass (2000).