Organized Business

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Category: Business and Industry

Date Submitted: 03/01/2014 08:07 AM

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Individual business is the foundation of Economic Structure in the United States. Cappelli (2009) observed “For at least two generations the United States provided the most important model for organizing business activities”(p.5). The world continues to catch, if not pass the US model for business structure and organization, while only one constant remains to stay competitive and that is change. As the industries and organizations grow, expand and develop more innovative goods and services then so too do the structures, management and models have to change to keep up. The United States itself grew from a fledgling and modest start to become the world leader in many aspects of life, changing to meet the needs of the time, transforming society and economies. Small business, large corporations and conglomerates alike must be willing to explore opportunities to streamline processes in both production and management to remain competitive.

Small business is one of the levels of business today in need of growth and innovation. The Small Business Administration (SBA) defines a small business as one that is independently owned and operated while it is for profit and is not dominant in its field. Depending on the industry, the sizes is based on an average number of employees in the last twelve months or have sales that average over a set amount for a three year period as established by the SBA. Small business is vital to the US economy William Brock and David Evans wrote in the Small Business Economics in 1988 that “Businesses that were not among the 10,000 largest businesses employ about half the workforce and produced about a third of the Gross National Product in 1978”(p.7). According to the SBA in West Virginia, there were an estimated 119,806 small businesses in 2004. Small business income in West Virginia represented approximately 3 billion in 2003 alone. However, the turnover was about 4.6 percent less growth of new business in 2004 compared to the previous year...