Entrepreneurship in Lebanon: A model for successes and failures

Rony El-Saouda, Toufic Mezher, Walid Nasrallah, Maher Ajam

    Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

    Abstract

    Entrepreneurs face different types of difficulties and operate in an unstable environment characterized by regional political ciaos and local financial, legal, infrastructural, educational and cultural impediments. Small and medium sized enterprises (SMEs) are the heart of any country; they empower its economy, heighten its competitive position and alleviate its employment problems and in general constitute the majority of companies. Understanding the causes of failure of small and medium sized enterprises is a prerequisite for the formulation of public policy and public and private program assistance. The purpose of this research is to find a statistical model for small business failures and successes in Lebanon and to verify whether failures are caused more by internal or external factors. Models of highly developed countries to Least Developed ones were used for generating the model and this country-specific model was realized through surveys that were filled by individuals with a relevant experience in the industry or with an equivalent high degree of education. Analysis was done using ranking, hypothesis testing, and ANOVA statistical analysis; the results showed that failures are mainly due to internal controllable factors. Finally, the research concludes with the results of the analysis and the possible remedies, recommendations and future enhancements. (c) 2006 PICMET.

    Original languageBritish English
    Title of host publicationPICMET '06 - Portland International Center for Management of Engineering and Technology, Proceedings Technology Management for the Global Future
    Pages1093-1101
    Number of pages9
    DOIs
    StatePublished - 2006
    EventPICMET '06 - Technology Management for the Global Future - Istanbul, Turkey
    Duration: 8 Jul 200613 Jul 2006

    Publication series

    NamePortland International Conference on Management of Engineering and Technology
    Volume3

    Conference

    ConferencePICMET '06 - Technology Management for the Global Future
    Country/TerritoryTurkey
    CityIstanbul
    Period8/07/0613/07/06

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