One of the issues likely to create headaches for the federal government in their first term is the thorny issue of coal seam gas (CSG) development in east coast Australia. Australians were now paying the world’s highest prices for gas despite having such a large natural supply.
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The field of entrepreneurship has certainly evolved over the past 30 years, but it remains a work in progress and far too much misunderstanding and misguided hype exists around the issue of what it is and what it might offer the world.
Rather than chasing citations from other academics and the approval of anonymous peer reviewers, Pearce and Huang propose that business schools should focus more on serving the needs of their fee-paying students and the practising managers.
Entrepreneurship has been one of the fastest growing fields of academic research and education over the past twenty years. Yet what is the state of play within the field of entrepreneurship as an academic discipline and how useful is it to the real world of entrepreneurs and small businesses?
This is the fourth in a series of articles on cash flow management in small firms that I have prepared for this column, drawing upon academic research papers published in the past five years. In this article we look at cash flow management within small owner-managed businesses from a systems perspective. I have selected two papers that address the process of financial management in small firms with reference to Australian and British companies and different accounting or performance measurement systems.
In this third article on cash flow management within small firms I take a look at the role of learning within the small firm as owner-managers and their teams confront the reality of maintaining sufficient liquidity in the business. In preparing this series I have selected research papers published within the academic literature in the past five years.
In this second article on cash flow management within small firms I take a look at the critical role of the owner-manager. For this series I have selected research papers published within the academic literature in the past five years.
Despite its importance the number of academic papers published on the subject of cash flow management within small business, has been relatively limited over the past five years. However, several papers were found that offer some potentially useful findings. In this article I will overview three of these research studies and will follow up with further articles on this topic in the future.
The complexity of Australia’s industrial relations system is a challenge to a lot of small businesses, but many owner-managers find it useful to have a well-defined industrial award when setting wages and conditions for their employees.