Patterns of Micro-Enterprise Diversification in Transitional Eurasian Economies
International Small Business Journal, 16/2, 34-49
14 Pages Posted: 7 May 2016
Date Written: 1998
This theoretical study attempts to sketch an initial picture of diversified micro- enterprises (0-9 employees) in transitional economies, such as those in Central and Eastern Europe (CEE) and in the Commonwealth of Independent States (CIS). A framework of political, economic and legal environments, industry and firm characteristics, and cultural/entrepreneurial influences which appear to impact small firm diversification patterns is outlined. Then, five archetypical formations of diversified micro-enterprises in transitional economies are sketched, and their incidence hypothesised. Suggestions for the successful management of diversified micro-enterprises are offered, as are directions for future research.
Keywords: Diversification, small business, Europe, microenterprises
JEL Classification: D21, O12
Suggested Citation: Suggested Citation