Reegnieering the Strategies for Managing Small Business Enterprises

Abstract

Given technological advancements and the evolution of business management processes, competition for market share is one of the most significant challenges confronting managers and organisational leaders today. Leading small businesses attempt to establish various methods of business management in order to increase their market share, whereas the rest of organisations must change their processes and tend to establish management systems or business process reengineering in order to maintain their market position. Small businesses are important in this context because of their role in the national and global economies, their unique characteristics that encourage entrepreneurship and entrepreneurial skills, their ability to be flexible and adapt quickly to a changing market, and their ability to create new jobs.