Skip to main content

Table 7 Importance of mortality factors considering the life cycle stages

From: A change in the importance of mortality factors throughout the life cycle stages of small businesses

Category Factors Life cycle stages
Genesis (0) Existence (1) Survival (2)
Owner-manager (Adizes 1997; Churchill and Lewis 1983) Individual characteristics Take risks High High Medium
Creativity High Medium Medium
Dedication High High Medium
Availability High High Medium
Initiative High High High
Persistence High High High
Previous experience in management and the sector Low Medium High
Managerial abilities Technical High High Medium
Human Low Medium Medium
Conceptual Low Low Medium
Social links Weak High High High
Strong Medium Low Low
Managerial know-how Low Medium High
Starting-up motivation High High High
Values High High High
Business (Miller and Friesen 1984; O’ Neill et al. 1987; Quinn and Cameron 1983; Scott and Bruce, 1987 Steinmetz, 1969) Planning Formal strategy Low Low Low
Informal strategy High High High
Formal Operational Low Medium High
Informal Operational High Medium Low
Functional area resources Financing High High High
Marketing High High High
Human Resources High High High
Production High High High
Technology Processes Formal Low Low Low
Informal High High Medium
Innovation High High High
Organizational structure Specialization Low Low Medium
Centralization High High Medium
Personal Communication High High Medium
Hierarchy Low Low Medium
Environment (Chung, 2009; Galbraith, 1982; Greiner 1998; Harada, 2007) Clients High High High
Competitors Low Low High
Supplier High High High
Business Sector (Industry) Medium High Low