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THIS WEEK'S QUOTE

"Her [Margaret Thatcher] father kept a grocer's shop, and this meant that in her formative years, she got to know people, not as manufacturing producers, nor as collective aggregates, but as individual consumers. We lived', she recalls, 'by serving the customer'. This is turn meant that she did not share the views of Adam Smith (or Karl Marx) that social identities were fundamentally fashioned by a person's relationship to the means of production and that as a result they were primarily shared, group identities. This preference for individual consumers over collective producers was further reinforced by the fact that Grantham provided her with no first-hand experience of factory-based, traditional working class 'as a sociological entity'."

Cannadine, D. (1998) Class in Britain, Penguin, page 172. (week beginning 3rd February 2002)

QUOTE ARCHIVE

"Epaulets for the Chief Executive- With any encouragement, some people in your company will spend full time getting the chief executive decorated by foreign governments. Or putting his picture in the papers, getting him made man-of-the-year by the American Pizza Association, or press-released by some adventure in egomania like the American Academy of Achievement. A good chief executive will knock off all this nonsense. A weak one will accept the kudos because his indifferent performance as chief executive creates in him a real need for ego massage..."

Robert Townsend (1985) Further up the Organisation, Coronet. (week beginning 28th January 2002)

" Weber's view of entrepreneurship is often identified with his theory of charisma; and according to this interpretation, his main contribution is to be found in his analysis of that special type of human being- the charismatic person- who makes other people want to follow him or her, simply by virtue of his or her extraordinary personality"

Swedberg, R. (2000) The social science view of entrepreneurship: introduction and practical applications', in Swedberg (ed) Entrepreneurship: The Social Science View, Oxford University, page 25 (week beginning 21st January 2002)

" An extraordinary variety of schemes of social entrepreneurship have grown up in different countries since the 1980s. One is service credit, introduced in a range of cities in the US and Japan. Volunteers who take part in charitable work are paid in time donated by other volunteer workers."

Giddens, A. (1998) "The Third Way, The Renewal of Social Democracy", Polity, Cambridge, page 83 (week beginning 14th January 2002)

" The occupants of homologous positions primary school teachers and professions, for example, or small shopkeepers and commercial entrepreneurs, are mainly separated by the volume of the kind of capital that is dominant in the structure of their assets, i.e., by differences of degree which separate individuals unequally endowed with the same scarce resources"

Bourdieu, P. (1979) "Distinction: a social critique of the judgement of taste, trans by R. Nice, Routledge, London, page 123. (week beginning 7th January 2002)

" [Starting a small business] Are you ready for it? It means 120-hour weeks instead of the 30-hour week (two-hour lunches) you're giving General Electric. Maybe you should spend some time getting in shape; start by eating right, exercising, and giving up smoking and drinking. Is your spouse ready to be married to a worn-out stranger for five years?..."

Robert Townsend (1985) "Further Up the Organisation", Coronet, page 207 (week beginning 31st December 2001)

"I ran the wrong kind of business, but I did it with integrity."

Sydney Biddle Barrows, in Marian Christy, ''Mayflower Madam' Tells All,' Boston Globe, 1986 (from quotationspage.com) (week beginning 24th December 2001)

"The entrepreneur is essentially a visualizer and an actualizer. He can visualize something, and when visualizes it he sees exactly how to make it happen."

Robert L Schwartz (from quotationspage.com) (week beginning 17th December 2001)

"Any business arrangement that is not profitable to the other person will in the end prove unprofitable for you. The bargain that yields mutual satisfaction is the only one that is apt to be repeated."

B. C. Forbes (from quotationspage.com) (week beginning 10th December 2001)

"these deep thinkers were the only people he could not stand to be around for long, these people who'd never manufactured anything or seen anything manufactured, who didn't know what things were made of or how a company worked, who, aside from a house or a car, had never sold anything and didn't know how to sell anything, who'd never hired a worker, fired a worker, trained a worker, been fleeced by a worker- people who knew nothing of the intricacies or the risk of building a business or running a factory but who none the less imagined they knew everything worth knowing."

Philip Roth, American Pastrol, quoted in Kate Jennings (2001) Fictional Business, Prospect, December (week beginning 3rd December 2001)

"For a long time it had seemed to me that life was about to begin -- real life. But there was always some obstacle in the way. Something to be got through first, some unfinished business, time still to be served, a debt to be paid. Then life would begin. At last it dawned on me that these obstacles were my life."

Fr. Alfred D'Souza (from quotationspage.com) (week beginning 26th November 2001)

"Anyone who says businessmen deal in facts, not fiction, has never read old five-year projections."

Malcom Forbes (from quotationspage.com) (week beginning 19th November 2001)

"Business is a good game - lots of competition and a minimum of rules. You keep score with money."

Atari founder Nolan Bushnell (from quotationspage.com) (week beginning 12th November 2001)

"The gambling known as business looks with austere disfavor upon the business known as gambling."

Ambrose Bierce (1842 - 1914), The Devil's Dictionary, (from quotationspage.com) (week beginning 5th November 2001)

"We see that Prometheus and Odysseus have been replaced by the folk hero of the industrial world, the entrepreneur. He has become the last lone ranger, a bold individualist fighting the odds of the environment... But frequently there is an epilogue added to these fairy tale endings whereby the "and they lived happily ever after" theme is missing. As in Greek myths success may lead to hubris or excessive pride, and might come to fall..."

Ket de Vries, M.F.R. (1977) "The Entrepreneurial Personality: A Person at the Cross Roads", Journal of Management Studies, Vol. 14, No. 1, page 34 (week beginning 29th October 2001)

"Nothing is illegal if a hundred businessmen decide to do it."

Andrew Young (from quotationspage.com) (week beginning 22nd October 2001)

"No one can possibly achieve any real and lasting success or "get rich" in business by being a conformist."

J. Paul Getty (from quotationspage.com) (week beginning 15th October 2001)

"I live in the Managerial Age, in a world of "Admin." The greatest evil is not now done in those sordid "dens of crime" that Dickens loved to paint. It is not done even in concentration camps and labour camps. In those we see its final result. But it is conceived and ordered (moved, seconded, carried, and minuted) in clean, carpeted, warmed and well-lighted offices, by quiet men with white collars and cut fingernails and smooth-shaven cheeks who do not need to raise their voices. Hence, naturally enough, my symbol for Hell is something like the bureaucracy of a police state or the office of a thoroughly nasty business concern."

C. S. Lewis (1898 - 1963) (from quotationspage.com) (week beginning 8th October 2001)

"The entrepeneur in the rural area appears to be more likely to be establishing a business for reasons of life style and to be establishing a craft or very specialised type of business. He or she appears to be more likely to be occuping a growing market niche than the urban business and perhaps for this reason experienced relatively bouyant demand for the product or service..."

Curran and Storey (1993) "The location of small and medium enterprises: are there urban-rural differences?" in J. Curran and D. Storey (eds) Small Firms in Urban and Rural Locations, Routledge, London, p. 16 (week beginning 1st October 2001)

"Flowing from this, it can be deduced that the dualistic conceptualisation of the economy into two sectors, i.e. a formal and
informal sector, is inappropriate as far as linkages are concerned. Naidoo (1993:37) writes "the informal sector should not be seen as opposites, but rather as a continuum of activities"


Ncwadi, R and Woolard ID (2001) The attitude of the formal business community towards the informal street traders in PortElizabeth Central Business District (CBD), South Africa, ICSB Conference Proceedings.. (week beginning 24th September 2001)

"...the SBS points out that the stock of small firms, at 3.7 million, has remained fairly static for six years now. However, this reassuring suggestion of stability among Britain's small business owners is a bit misleading. As the SBS itself admits, there has been a steady increase in the self-employed who employ no other people and in microfirms with fewer than 10 employees. In other words, Britain's small firms are, on average, becoming even smaller."

Colin Gray (2001) Editoral Small Business Issues, ISBA, Vol. 9, Issue 3, page 2. (week beginning 17th September 2001)

"The upper classes may have lost their political power, but they still manage to set the social tone and determine the aspirations of the ambitious. So, when the successful businessman makes his first £10 million, he starts scanning the pages of Country Life for a manor house to buy..."

Jeremy Paxman (1999) The English: A Potrait of a People, Penguin, page 175. (week beginning 10th September 2001)

The House of Commons Trade and Industry Select Committee (1999) is reported by Curran and Storey (2000) as describing small firms policy as "an excess of loosely connected and apparently uncoordinated policy initiatives shooting off in all directions, generating noise and interest, but not commensurate light" (page 2).

House of Commons Trade and Industry Select Committee (1999) 13th Report, Small and Medium Enterprises, HC330, September, cited in Curran, J. and Storey, D.J. (2000) 'Small Business Policy: Past Experiences and Future Directions', The Small Business Service and Kingston University Small Business Research Centre SME Seminar Series: Linking Research and Policy, DTI Conference Centre, 12th December, London. (week beginning 3rd September 2001)

"Popular imitativeness will always, in a trading nation, seize hold of such successes, and drag a community too anxious for profits into an abysss from which extrication is difficult. Bubble companies, of a kind similar to those engendered by the South-sea project, lived their little day in the famous year of the panic, 1825. On that occasion, as in 1720, knavery gathered a rich harvest from cupidity, but both suffered when the day of reckoning came."

Mackay, C. (1852) Extraordinary Popular Delusions and the Madness of Crowds, Office of the National Illustrated Library, republished in 1995 by Wordsworth Editions. (week beginning 27th August 2001)

"Disbelief in magic can force a poor soul into believing in government and business."

Tom Robbins (from Michael Moncur's (Cynical) Quotations via quotationspage.com) (week beginning 20th August 2001)

"Winch, like Schultz, recognizes that the social sciences may legitimately employ concepts that are not ordinarily familiar to those to whose behaviour they refer. Winch mentions the notion of 'liquidity preference' in economics, saying however that it is logically tied to concepts businessmen do use in their activities, 'for its use by the economist presupposes his understanding of what it is to conduct a business, which in turn involves an understanding of such business concepts as money, cost, risk, etc."

Giddens, A. (1976) New Rules of Sociological Method, Hutchinson University Library, page 150..(week beginning 13th August 2001)

"Drive thy business or it will drive thee."

Benjamin Franklin (1706 - 1790) (from Laura Moncur's Motivational Quotations quotationspage.com) (week beginning 6th August 2001)

"Serious differences among social scientists occur not between those who would observe without thinking and those who would think without observing; the differences have rather to do with what kinds of thinking, what kinds of observing, and what kinds of links, if any, there are between the two."

C. Wright Mills (1959) The Sociological Imagination, Oxford University Press (pub. 1969) page 33. (week beginning 30th July 2001)

"At first each firm was dominated by one man, the entrepreneur owner-manager, who did all the different management jobs himself, and exercised a highly personalized control over everyone..."

Argyle, M (1972) The Social Pschology of Work, Penguin. (week beginning 23rd July 2001)

"Marshall traced a decline in entrepreneurial vigour (sons were not as good as their father), while other critics complained that 'the Gospel of Ease' had 'permeated the nation'. 'Engalnd shows traces of American enterprise and German order', wrote Arthur Shadwell in 1906, 'but the enterprise is faded and the order muddled'"

Asa Briggs (1999) A Social History of England, Penguin. (week beginning 16th July 2001)

"In the nineteenth century in England there was a slow growth of management practices to deal with the increased size and technological complexity of industrial concerns. At first each firm was dominated by one man, the entrepreneur owner-manager, who did all the different management jobs himself, and exercised a highly personalized control over everyone; there were no regular methods of working or of dealing with personnel."

Argyle, M. (1972) The Social Psychology of Work, Pelican. (week beginning 9th July 2001)

"Most formal management development is generic, neither aimed at or suitable for small firms, especially the entepreneurial managers. Much of provision often has little connection between development of the individual and the business..."

Centre for Enterprise (2001) Management and Leadership Development in the East Midlands: is supply meeting demand? (week beginning 2nd July 2001)

"Another implication of our arguments is that relations between small firms and the wider economy are much less ordered and small firms are much more independent, than many have argued in the past. Many previous arguments have seen the small firm as heavily dependent on customers and supplies mainly larger than itself. There are sectors of the economy where such relations may be common- clothing manufacture is the example usually cited- but the thesis we put forward suggests that, typically, such relations are not common."

Curran, J. and Blackburn, R. (1994) Small Firms and Local Economic Networks, The Death of the Local Economy? Paul Chapman Publishing, page 185 (week beginning 25th June 2001)

[Description of people starting businesses] "Some are eccentrics, others painfully correct conformists, some are fat and some are lean; some are worriers, some relaxed; some drink quite heavily, others are total abstainers; some have great charm, some have no more personality than a frozen mackerel." Peter Drucker, quoted in Barrow, C. (1998) The Sage Guide Setting Up and Managing Your Own Business, Kessington West.(week beginning 18th June 2001)

"...one important issue to recognise is that such focused support would be highly contextual and individulaised, with such training being stimulated by specific needs of the entrepreneur in relation to their business (Goss, 1989). To create such facilitative, dynamic assistance would require a detailed knowledge of both the entrepreneur and their business, and, therefore, highlights the importance of long-term mentoring programmes within small businesses."

Cope, J. and Watts, G (2000) "Learning by doing, An exploration of experience, critical incidents and reflection in entrepreneurial learning", Int Journal of Entrepreneurial Behaviour & Research, Vol 6 Issue 3 (week beginning 4th June 2001)

Party Quotes on Regulations

"We will modernise company law to promote transparency, reduce burdens on small business and promote long-term economic success."
Manifesto 2001 , Labour Party

"Small and medium-sized businesses have been hard hit by Labour. Smaller companies are often the most vulnerable to extra costs and regulations, and have frequently highlighted the difficulties caused by the raft of burdens imposed by Labour."
Common sense for business 2001, Conservative Party.

"Scrap unnecessary business regulations. We have published a list of 25 specific major regulations which we will scrap... We will also consult business before introducing any new measures"
Manifesto 2001 Liberal Party

(week beginning 29th May 2001)

"Most empirical studies of small firm development have used cross sectional designs and quantitative methods (usually multiple regression) to explain single episodes of growth measured over short intervals of time. These have generally yielded fairly weak explanations and are unable to say anything at all about why growth was embarked upon and what happens within the firm before, during, and after the growth phase."

Vinnell, R. and Hamilton, R.T. (1999) "A Historical Perspective on Small Firm Development", Entrepreneurship Theory and Practice, Summer, page 5. (week beginning 21st May 2001).

"One of the key results from this survey is that many small business researchers are attempting to disseminate to a wide range of stakeholders including fellow researchers, small business owners, government policy-makers and to a lesser extent students and advisers to small firms. The judgements the Management Panel makes in the next RAE will send a signal to the small business research community that will influence the emphasis of research in the future. It hoped hope that the message will be that the role of the small business research community is to undertake and disseminate research to a wide stakeholder group that extends beyond the confines of academe."

Perren, L., Berry, A. and Blackburn, R. (2001) "The UK small business research community and its publication channels: perceptions and ratings", Journal of Small Business and Enterprise Development, Vol. 8. No.1, page 77.(week beginning 14th May 2001)

"It can be concluded that ethnic minority enterprise can be restricted both by powerful indigenous interest groups, by a strong welfare state, and by a strong culture of business regulation..."

David McEvoy (2001) "International perspectives on Etnic Mintority Enterprise: The Work of the EU Fourth Framework on Immigrant Businesses", SBS and Kingston University SME Sminar Series, DTI, London, 1st May 2001. (week beginning 7th May 2001)

"Entrepreneurs and bureaucrats just don't mix do they? On the one hand the entrepreneur swashbuckles his way into a new venture attempting to chop aside all the non-sensical red tape put there by the bureaucrat in stifling attempt to maintain the status quo... Well, that's the received wisdom anyway. The truth is, of course, much more boring. Most entrepreneurs are, apparently, like me- they don't have a swash to buckle, and the last thing that they actually do is to take extreme risk..."

Mike Sands (2000) "The entrepreneur and the bureaucrat.. or vice versa", Entrepreneurship and Innovation, Vol. 1, No. 1, page 65. (week beginning 30th April 2001)

"Not only do we expect the proportion of older entrepreneurs to increase, but we also expect a relative increase in the rate of formation of businesses by very young people... We expect these trends to continue..."

Peter, M., Cressey, R. and Storey, D. (1999) "The Economic Impact of Ageing on Entrepreneurship and SMEs", EIM Small Business Research and Warwick University, May, page 6. (week beginning 23rdApril 2001)

"The challenge is to find multidisciplinary and holistic approaches towards understanding the context and process of business development based upon frameworks which describe: how entrepreneurs learn from their stakeholder environment; how the stakeholders learn from them; and what both sets of partners 'need to know' and why."
Allan Gibb (1997) "Small Firms' Training and Competitiveness: Building Upon the Small Business as a Learning Organisation", Int. Small Business Journal, Vol 15, No 3, page 25. (week beginning 17th April 2001)

"Hostility to bigness of firms relative to markets has a long and honourable history in economics, and the analysis on which that hostility is founded- the resource allocation consequences of monopoly- is clear. It doesn't follow, of course, that a passion for resource allocation has invariably been the primary motivation of anti-monopoly economists; and one might suspect that monopoly has sometimes served as a stalking horse for a variety of other social concerns with a less precise rationale, including an aversion to great size as such, whether relative to markets or not."

Hindley, B. (1984) "Economics and small enterprises" in C. Levicki (ed) Small Business Theory and Policy, Croom Helm, page 42. (week beginning 9th April 2001)

"The results indicate that many widely discussed features of small business strategy have little, or even negative, impact on performance. Of the numerous aims that owner managers may adopt (survival, growth etc.), only one appears to have a major impact on performance; the pursuit of the highest rate of return on investment."

Reid, G.C. and Smith, J.A. (200) "What makes a new business start-up successful?", Small Business Economics, Vol. 14, No. 3, pp. 165.(week beginning 2nd April 2001)

"Innovative methodological approaches are needed in entrepreneurship. When working on thinking framework, as is the case here, it is up to the researcher to establish a relationship between the subject and the type of methodology needed to gather and analyse the data required to meet the research objective."

Louis Filion (1991) "Vision and Relations: Elements for an Entrepreneurial Metamodel", Int Small Business Journal, 9, 2, p.38. (week beginning 26th March, 2001)

"Twain's back-to-the-future novel is about a late nineteenth-century time-study technician named Hank Morgan... who inexplicably wakes to find himself in sixth-century Camelot...One day he comes upon a group of hermits doing perpetual penance... Morgan at once sees his opportunity to exploit the hermit for commerical purposes [through the body movements of praying]"

Brawer, R. (1998) "Fictions of Business", Wiley, pp. 182-183, writing about Mark Twain's "A Connecticut Yankee in King Arthur's Court". (week beginning 19th March, 2001)

"People with small, homogeneous, internally focused networks typically experience social capital in the form of trust and cooperation within a tight network, but they lack the ability to get information or discover entepreneurial opportunities. Those with large, diverse, externally focused networks typically have access to social capital in the form of entrepreneurial opportunities, but they also experience mixed messages, conflicting expectations, and tensions."

Baker, W. (2000) "Achieving Success Through Social Capital, Jossey-Bass, San Francisco, p66.(week beginning 12th March, 2001)

"...these references to the workings of chance and luck serve distinctive functions according to whether they are made by those who have reached or those that have not reached the culturally emphasised goals. For the successful, it is in psychological terms, a disarming expression of modesty... For the unsuccessful... the doctrine of luck serves the psychological function of enabling then to preserve their self-esteem in the face of failure."

Merton, R.K. (1968) 'Social Theory and Social Structure: 1968 Enlarged Edition', Free Press, p202-p203. (week beginning 5th March, 2001)

"...the model of competitive equilibrium is a travesty of reality. The world does not consist, for example, of an enormous number of small firms, none of which have any degree of control over the market in which they operate. Small firms may be fashionable at present, but it is the large multi-national companies such as Ford, BP and Sony which dominate the world economy. It is entirely illegitimate to make the link between the model and the observed success of the Western market economies."

Paul Omerod (1994) "The Death of Economics", Faber and Faber, London, page 48.(week beginning 26th February, 2001)

"It is possible that some people may feel sorry for me, but I see no sign of it. My small business fills me with worries that make my forehead and my temper ache, but without these offering any prospect of satisfaction, because my business is small. Hours in advance I have to make my dispositions, I have to keep refreshing the storekeepers memory, warn against mistakes that I fear may be made, and calculate each season the fashions of the next one, not as these may hold among the people of my circle but among inaccessible tribes of folk in the country. "

Kafka, F. (1992) "Meditation: The Businessman", in "The Transformation ('Metamorphosis') and Other Stories", translated and edited by malcolm Pasley, Penguin, London. (week beginning 19th February, 2001)

"In the Eighteenth century, Europeans also began to change the merchant's image; intellectuals now saw him (sic) as an ally against aristocracy. Voltaire portrayed businessmen as models of adventurousness and honesty... The French Revolution rewarded them with freedom from government interference, but even after it, merchants, except the super-rich, still preferred to push their sons into state jobs or the professions."

Zeldin, T. (1994) "An Intimate History of Humanity", Minverva, London, page 156-157.(week beginning 12th February, 2001)

"If I would be a young man again and had to decide to make my living, I would not try to become a scientist or a scholar or teacher. I would rather chose to be a plumber or a peddler, in the hope to find that modest degree of independence still available under present circumstances."

Albert Einstein quoted in While, R. (1987) "Speakers Digest: Business Quotations", Foulsham, London. (week beginning 5th February, 2001)

"... the apparent simplicity of the small business has tripped up a lot of researchers. Small does not mean simple. Neither is a small business merely a scaled-down version of a large business. A small number of human beings engaged in a common endeavour can create very compex, subtle interactions. Unravelling the underlying meaning and patterns of these interactions can be far from straightforward. The motivations of those involved, for example, can be very diverse and complex."

Jim Curran and Robert Blackburn (2001) Researching the Small Enterprise, Sage, London. (week beginning 29th January, 2001)

"There are many issues that have hindered the development of entrepreneurship as a discipline, one of which is its relationship with organizational behaviour and the base disciplines (economics, sociology and psychology) that comprise 'management'. One focus of these studies of organizational form (size, structure) has enabled an understanding to be developed of the nature of different types of organization. But the issue of size of organization has become 'sensitive'. In Europe, for example, the proportion of small to medium-sized businesses is 95 per cent of the stock of all firms. Yet management education has focused on the large coorporation as the primary source of knowledge on MBA and other education programmes."

E. Chell, (2001) "Enterpreneurship: Globalization, Innovation and Development", Thomson Learning, London. (week beginning 22nd January, 2001)

"The extreme socialists desire [is] to run every nation as a single business concern. I do not suppose that Henry Ford would find much difficulty in running Andorra or Luxembourg on a socialistic basis. He has already more men on his pay-roll than their population. It is conceivable that a syndicate of Fords, if we could find them, would make Belgium Ltd. or Denmark Inc. pay their way. But while nationalization of certain industries is an obvious possibility in the largest of states, I find it no easier to picture a completely socialized British Empire or United States than an elephant turning somersaults or a hippopotamus jumping a hedge.."

J.B.S. Haldane, "On Being the Right Size" in the (1928) book "Possible Worlds" from a search quotationspage (week beginning 15th January, 2001)

"The so-called private ownership of large-scale enterprises is in no way analogous to simple property of the small landowner, craftsman, or entrepreneur. Is is, as Tawney says, analagous to 'the feudal duws which robbed the French peasant of part of his produce till the revolution abolished them."

Schumacher, E.F. (1973) "Small is Beautiful", Abacus, London. (week beginning 8th January, 2001)

"The private property of the labourer in his means of production is the foundation of petty industry, whether agricultural, manufacturing, or both; petty industry, again, is an essential condition for the development of social production and of the free individuality of the labourer himself... Self-earned private property, that is based, so to say, on the fusing together of the isolated, independent labouring-individual with the conditions of his labour, is supplanted by capitalistic private property, which rests on exploitation of the nominally free labour of others, i.e., on wage-labour... "

Marx, K. "Capital Volume 1", Chapter 32: "The Historical Tendency of Capitalist Accumulation", in E. Kamenka (ed) (1983) "The Portable Karl Marx", Penguin, Harmondsworth.(week beginning 1st January, 2001)

"Men there have been, ignorant of letters; without art, without eloquence; who yet had the wisdom to devise and the courage to perform that which they lacked language to explain. Such men have worked the deliverance of nations and their own greatness. Their hearts are their books; events are their tutors; great actions are their eloquence."

MACAULAY quoted by Samuel Smiles, Men of Invention and Industry, published by Project Gutenberg Etext, this etext entered by Eric Hutton of Hertforshire, UK . (week beginning 25th December, 2000)

"..the sheer hegemonic power that notions such as 'the entrepreneur', 'entrepreneurship' and the 'entrepreneurial society' have acquired since the late 1970s, has not encouraged serious assessment of policies promoting the small enterprise which is seen almost universally as the embodiment of such notions."

James Curran and David Storey (2000) Small Business Policy: Past Experiences and Future Directions, Small Business Service and Kingston University Small Business Research Centre, SME Seminar Series, DTI Conference Centre, December, London. (week beginning 18th December, 2000)

"Perhaps Schumpeter (1939) was closer to the truth. He emphasized that while entrepreneurs play a significant part in the establishment of new branches of industry, during the later phases of an industrial development innovation increasingly requires large firms because of the high costs involved, and considerable market power if innovation is to be worthwhile. "

Roy Rothwell and Walter Zegveld (1982) innovation and the Small and Medium Sized Firm, Frances Pinter, London. (week beginning 11th December, 2000).

"The ambivalence potential of [the word] 'enterprise' and the possibilities for manipulating it by varying the verbal context constitute a resource that is open to strategic exploitation, and is indeed strategically exploited in the Young speeches. Different speeches highlight different senses, not by promoting one sense to the exclusion of the others, but by establishing particular configurations of meanings, particular hierarchical salience relationships among the senses of 'enterprise', which can be seen to be suited to wider strategic objectives in the speeches."

Norman Fairclough (1995) Critical Discourse Analysis, Longman, London. (week beginning 4th December, 2000).

"Gradually, as industrial activity further displaces predatory activity in the community's everyday life and in men's habits of thought, accumulated property more and more replaces trophies of predatory exploit as the conventional exponent of prepotence and success. With the growth of settled industry, therefore, the possession of wealth gains in relative importance and effectiveness as a customary basis of repute and esteem. "

Thorstein Veblen (1899) The theory of the leisured class, unabridged, Dover Publications, New York, printed 1994 (week beginning 27th November, 2000).

"Orthodox theory assumes that the objective of the firm is to maximise profits, and it follows that the performance measures advocated are largely based upon this theory. However, research has shown that small firms used a variety of measures and indicators to assess performance. profit measures were found to be less important than conventional views suggest. In particular, cash flow indicators were considered to be critical. Other performance measures adopted by owner-managers include the quality of inputs and outputs and intangible indicators"

Robin Jarvis et al (2000) 'The use of quantitative and qualitative criteria in the measurement of performance in small firms, Journal of Small Business and Enteprise Development, 7(2), (week beginning 19th November, 2000)

"The most effective entrepreneurs understand that one of the realities of life in business is that the world of make-believe is all important. The truth is that people need fiction in their lives. If we wear our consumer hats, we can understand this. In the world of make-believe, there are no rules, no ready-made formulas. But for the self-made individual, the individual who recreates him- or herself as the occasion warrants, who makes customers form new images themselves, there are endless possibilities for creativity and improvisation, just as there are in the performing arts."

Robert Brawer (1998) Fictions of Business, insghts on management from great literature, Wiley, New York. (week beginning 12th November, 2000)

"Conventional wisdom often reduces entrepreneurship to the art of small business by formulating an ideological spirit rather than a scientific foundation for the field. Debunking the entrepreneurial myth, the focus must be on the political ideology behind the entrepreneurial explosion of hte 1980s. Acting as the ideology of business avant-gardism, the entrepreneurial myth has become the context within which conventional wisdom about entrepreneurship has been influenced."

Omid and Patricia A. Nodoushani (2000) "Second thoughts on the entrepreneurial myth", Int. Journal of Entrepreneurship and Innovation, Vol. 1, No. 1 (week beginning 6th November, 2000)

"There is an obvious danger that the essence of the matter will be lost under this mass of impersonal data, and it must not be forgotten that what we are basically talking about throughout this Report is people: the small firm sector can only be sensibly discussed in terms of people- and many of them we know to be remarkable and highly individualistic people- who are prepared to to accept the risks and reponsibilities of the entrepreneur."

Small Firms, Report of the Committee of Inquiry on Small Firms, 1971, Chaired by J.E. Bolton, Cmnd. 4811, HMSO, London, xviii (week beginning 30th October, 2000)

"Around these mythical concepts and myths are arranged sets of assumptions about how the world works and priorities as to how it ought to work, around which are built policy actions. Every now and again ritualistic meetings, workshops, conferences are held to bring groups of different stakeholders together, usually with the key stakeholder- the Small and Medium Enterprise (SME)- absent"

Allan Gibb, International Small Business Journal, Issue 71, 2000 (week beginning 23rd October, 2000)

"Because of the well-entrenched unanimity on the value of small business support in the UK, little attention has been given to whether the support represents good value for public money"

James Curran, International Small Business Journal, Issue 71, 2000 (week beginning 16th October 2000)

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