Factors Affecting Small Scale Home-Based Business Performance: A Literature Review
Keywords:
Home-Based Business, Business Performance, Innovation, Entrepreneurship.
Abstract
Business performance is paramount for businesses to grow, develop, expand and diversify. Lots of business fails at early stage due to so many factors. The study paper identify factors influencing home- based business performance using secondary source and came up with factors like owner’s gender, sources of finance, information and communication technology, age of business, managerial know- how, customer, and innovation plays a significant role in the performance of small business in which home based is one. The paper recommends that home- based business have great potential of becoming large businesses if properly managed and will contribute towards economic development. Also the paper will contribute to the field of entrepreneurship as related to the growth and development of home-based businesses. The paper suggests that future studies should apply empirical analysis to further verify the study variables relationships.
References
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Alec, R. L., Wim, A. V., & Susan, G. C. (2006). Measuring the relationship between managerial competencies and performance. Journal of management, 32(3), 360-380.
Anatolijs, Z. (2010). Acquisition of ICT by a business is a tool for business competativeness. Journal of business management, 3, 15-22.
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Chuthamas, C., Md., A. I., & Thiyada, K. ( 2011, May). Factors affecting business success of small & medium enterprises (SMEs) in Thailand. Asian social science, 7(5), 180- 189.
Constance, E. H., & Jeffrey, A. ,. (2014). Dynamic managerial capabilities: review and assessment of managerial impact on strategic change. Journal of management, 22(2), 1-32.
Daniel, M. W., Elegwa, M., & Anthony, G. W. (2012). ICT Attributes as determinants of e-commerce adoption by formal small enterprises in urban Kenya. International Journal of Business and Social Science, 3(23), 65-74.
Delwyn, N. C., & Heather, D. (2014). Micro enterprise growth: Lessons from home- based business in New Zeland. Small enterprise research, 21(5), 82–98.
Domingo, G. ,., & Antonio, D. (2006). Managerial behaviour of small and medium-sized family businesses: an empirical study. International journal of entrepreneurial behaviour and research, 13(3), 151-172.
Eleanor, S., Susan, M., Wing, L., & Sara, C. (2009). Gender and entrepreneurial capital: implications for firm performance. International journal for gender and entrepreneurship, 1(1), 25-41.
Elizabeth, M. D., MariaLaura, D. D., & Seema, S. (2014). Effectuation and home-based online business entrepreneurs. Intrnational Journal of small business, 5(2), 1-25.
Eric, O.-A. (2013). Source of finance and small enterprise’s productivity growth in Ghana. African Journal of economics and management studies, 4(3), 372-386.
Giulio, C., Rinaldo, E., & Maria, S. ( 2004, January). The impact of innovation on economic performance in services. The Service Industries Journal, 24(1), 116-130.
Glenn, M., & Mike, W. (1998). Home-based business:an economic development alternative. Journal of small business management , 36(2), 45-57.
Harmeen, S., & H.S., S. (2008). Does customer relationship management activity affect firm performance? Global business review, 9(2), 189–206.
Helmrich, B. (2014, July 11). Male vs. female entrepreneurs: how are they different? Fox business: small business centre, pp. 12-14.
Kapasi, I., & Galloway, L. (2016). Motivations and mitigating business limitations in Scottish rural home-based businesses. Local Economy, 31(3), 377-392.Palgrave Macmillan.
Muhammad, H. Q., Samia, A., Muhammad, R., Qamar, Z., & Yasir, M. (2012). Factors affecting small journal of contemporary research and business, scale business performance in Punjab- Pakistan: A gender based analysis. Interdisciplinary 4(2), 687-697.
Neubauer, F., & Lank, A. G. (2016). The family business: Its governance for sustainability. Springer.
Nicoleta, G., & Adrian, N. (2010, December). ICT strategy support for business for business development and innovation . Journal of internal auditing and risk management, 4(20), 29-36.
Nikolaos, D. (2013). Financing practices and preferences for micro and small firms. Journal for small business and enterprise development, 20(1), 80-101.
Ohood, A. r., & Mohammed, I. (2004, December). Performance determinants of home-based businesses in Dubai. Journal of economic & administrative sciences, 20(2), 61-82.
Peppard, J., & Ward, J. (2016). The strategic management of information systems: Building a digital strategy. John Wiley & Sons.
Pınar, A. G. (2014). An evaluation on effects of total quality applications in customer relations management on Sustainable global competition. International Journal of Research in Business and Social Science, 3(5), 35-62.
Pooran, W., & Jayne, G. (2013). The impact of connectivity technology on home-based business venturing: The caseof women in the North East England. Journal of local economy, 28(5), 451–470.
Robert, W. F., & Alicia, M. R. (2009). Gender differences in business performance: evidence from the Characteristics of Business Owners survey. Journal of small business economics, 33, 375-395.
Scott, T., Phillip, W. B., & John, W. F. (2012). Relative importance of managerial skills for predicting effectiveness. Journal of Managerial Psychology, 27(6), 636-655.
Spiros, P. G. (2003). Trust and commitment influences on customer retention: insights from business-to-business services. Journal of business research, 58, 126-140.
Tim, V., & Peter, R. (2014). Home is where is the business: Incident in every day life and the formation of home based business. International Journal of small business, 32(4), 428–448.
Yunus, A. D., Waidi, A. A., & Hamed, A. (2010, November). Strategic Management practice and corporate performance of selected small business enterprises in Lagos metropolis. International journal for business and management, 5(11), 97-103.
Kenan, C., Elvir, C., & Sunje, A. (2012). Knowledge management and innovation asdriving force behind successfull entrepreneurs. (pp. 424-437). New Delhi : University of Sarajevo, Faculty of Economics.
Ionica, O. (2012). The impact of creativity and innovation of SMEs on the economic growth development in the knwledge of society in Romania. Global conference on business and finance, 7(2), 184-190.
M, P., & M, E. K. (2006). Relationship between implementation creativity and innovation in small business. Journal of management dynamics, 15(1), 2-13.
Hornby, A.S. (2000). Oxford advanced learner’s dictionary. New York: Oxford University press.
Jamil, C.M. & Mohamed, R. (2011). Performance Measurement System (PMS) In Small MediumEnterprise (SMES): A Practical Modified Framework, World Journal of Social Sciences; 1(3): 200212
Tefula, M. (2016). Graduate Entrepreneurship: How to Start Your Business After University.
Wikipedia free encyclopaedia: http://en.wikipedia.org/wiki/Home_business
Alec, R. L., Wim, A. V., & Susan, G. C. (2006). Measuring the relationship between managerial competencies and performance. Journal of management, 32(3), 360-380.
Anatolijs, Z. (2010). Acquisition of ICT by a business is a tool for business competativeness. Journal of business management, 3, 15-22.
Andy, N., & Jasper, H. (1998). Innovation and business performance. The Judge Institute of Management Studies University of Cambridge, 5(1), 130- 145.
Arne, L. K., & Kevin, T. L. (1991, March ). Gender and organizational performance: determinants of small business survival and success. Academy of management journal , 34(1), 136-161.
Chuthamas, C., Md., A. I., & Thiyada, K. ( 2011, May). Factors affecting business success of small & medium enterprises (SMEs) in Thailand. Asian social science, 7(5), 180- 189.
Constance, E. H., & Jeffrey, A. ,. (2014). Dynamic managerial capabilities: review and assessment of managerial impact on strategic change. Journal of management, 22(2), 1-32.
Daniel, M. W., Elegwa, M., & Anthony, G. W. (2012). ICT Attributes as determinants of e-commerce adoption by formal small enterprises in urban Kenya. International Journal of Business and Social Science, 3(23), 65-74.
Delwyn, N. C., & Heather, D. (2014). Micro enterprise growth: Lessons from home- based business in New Zeland. Small enterprise research, 21(5), 82–98.
Domingo, G. ,., & Antonio, D. (2006). Managerial behaviour of small and medium-sized family businesses: an empirical study. International journal of entrepreneurial behaviour and research, 13(3), 151-172.
Eleanor, S., Susan, M., Wing, L., & Sara, C. (2009). Gender and entrepreneurial capital: implications for firm performance. International journal for gender and entrepreneurship, 1(1), 25-41.
Elizabeth, M. D., MariaLaura, D. D., & Seema, S. (2014). Effectuation and home-based online business entrepreneurs. Intrnational Journal of small business, 5(2), 1-25.
Eric, O.-A. (2013). Source of finance and small enterprise’s productivity growth in Ghana. African Journal of economics and management studies, 4(3), 372-386.
Giulio, C., Rinaldo, E., & Maria, S. ( 2004, January). The impact of innovation on economic performance in services. The Service Industries Journal, 24(1), 116-130.
Glenn, M., & Mike, W. (1998). Home-based business:an economic development alternative. Journal of small business management , 36(2), 45-57.
Harmeen, S., & H.S., S. (2008). Does customer relationship management activity affect firm performance? Global business review, 9(2), 189–206.
Helmrich, B. (2014, July 11). Male vs. female entrepreneurs: how are they different? Fox business: small business centre, pp. 12-14.
Kapasi, I., & Galloway, L. (2016). Motivations and mitigating business limitations in Scottish rural home-based businesses. Local Economy, 31(3), 377-392.Palgrave Macmillan.
Muhammad, H. Q., Samia, A., Muhammad, R., Qamar, Z., & Yasir, M. (2012). Factors affecting small journal of contemporary research and business, scale business performance in Punjab- Pakistan: A gender based analysis. Interdisciplinary 4(2), 687-697.
Neubauer, F., & Lank, A. G. (2016). The family business: Its governance for sustainability. Springer.
Nicoleta, G., & Adrian, N. (2010, December). ICT strategy support for business for business development and innovation . Journal of internal auditing and risk management, 4(20), 29-36.
Nikolaos, D. (2013). Financing practices and preferences for micro and small firms. Journal for small business and enterprise development, 20(1), 80-101.
Ohood, A. r., & Mohammed, I. (2004, December). Performance determinants of home-based businesses in Dubai. Journal of economic & administrative sciences, 20(2), 61-82.
Peppard, J., & Ward, J. (2016). The strategic management of information systems: Building a digital strategy. John Wiley & Sons.
Pınar, A. G. (2014). An evaluation on effects of total quality applications in customer relations management on Sustainable global competition. International Journal of Research in Business and Social Science, 3(5), 35-62.
Pooran, W., & Jayne, G. (2013). The impact of connectivity technology on home-based business venturing: The caseof women in the North East England. Journal of local economy, 28(5), 451–470.
Robert, W. F., & Alicia, M. R. (2009). Gender differences in business performance: evidence from the Characteristics of Business Owners survey. Journal of small business economics, 33, 375-395.
Scott, T., Phillip, W. B., & John, W. F. (2012). Relative importance of managerial skills for predicting effectiveness. Journal of Managerial Psychology, 27(6), 636-655.
Spiros, P. G. (2003). Trust and commitment influences on customer retention: insights from business-to-business services. Journal of business research, 58, 126-140.
Tim, V., & Peter, R. (2014). Home is where is the business: Incident in every day life and the formation of home based business. International Journal of small business, 32(4), 428–448.
Yunus, A. D., Waidi, A. A., & Hamed, A. (2010, November). Strategic Management practice and corporate performance of selected small business enterprises in Lagos metropolis. International journal for business and management, 5(11), 97-103.
Kenan, C., Elvir, C., & Sunje, A. (2012). Knowledge management and innovation asdriving force behind successfull entrepreneurs. (pp. 424-437). New Delhi : University of Sarajevo, Faculty of Economics.
Ionica, O. (2012). The impact of creativity and innovation of SMEs on the economic growth development in the knwledge of society in Romania. Global conference on business and finance, 7(2), 184-190.
M, P., & M, E. K. (2006). Relationship between implementation creativity and innovation in small business. Journal of management dynamics, 15(1), 2-13.
Hornby, A.S. (2000). Oxford advanced learner’s dictionary. New York: Oxford University press.
Jamil, C.M. & Mohamed, R. (2011). Performance Measurement System (PMS) In Small MediumEnterprise (SMES): A Practical Modified Framework, World Journal of Social Sciences; 1(3): 200212
Tefula, M. (2016). Graduate Entrepreneurship: How to Start Your Business After University.
Wikipedia free encyclopaedia: http://en.wikipedia.org/wiki/Home_business
Published
2017-10-01
How to Cite
Idris, Z. (2017). Factors Affecting Small Scale Home-Based Business Performance: A Literature Review. International Journal of Marketing Research Innovation, 1(1), 16-24. https://doi.org/10.46281/ijmri.v1i1.99
Section
Research Paper/Theoretical Paper/Review Paper/Short Communication Paper
Copyright (c) 2017 Zainab Idris
This work is licensed under a Creative Commons Attribution 4.0 International License.
