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Financing for Small Southern Style RestaurantsBrown, Kenneth D. 01 January 2016 (has links)
The focus of this case study was to explore the strategies small restaurant business owners used to acquire capital funding to sustain their business through the first 5 years of business. The participants for this study included 4 purposefully selected small restaurateurs in New York State who have been in business for a minimum of 5 years. The conceptual framework for this study was based on the organizational life cycle theory supported by working capital management theory and the liability of newness. Data were collected through semistructured interviews with each restaurant owner, and archived data. The data were analyzed using thematic analysis of the interviews and content analysis of the documents. Five themes emerged that small business owners might benefit in acquiring financing to assist in sustaining the business longer than 5 years. The themes included education, third party auditor, economic conditions, banking track record, and a solid professional team. The results of this research may contribute to social change by identifying strategies needed to be successful in the financing process. The findings of this research may improve upon the knowledge of entrepreneurs and, consequently, strengthen the U.S. economy by educating America's job creators.
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Role of Culture in Economic Development: China Study of China and Latin AmericaFellner, Amira 11 April 2008 (has links)
The purpose of my thesis is to demonstrate the economic development of China and Latin America. My reason for choosing these two regions for my study is because they are both Third World Nations. My intention on writing this thesis is to prove that culture and the informal business networks of China are the major forces of what is driving the Chinese economy ahead of Latin America.
I will explain how the definition of culture ties in with the economic society of both regions. In writing about culture, I will attempt to explain if there really is a difference between trust in each society. To better interpret this thesis, I came up with several variables of economy that will help explain each region's development. These variables are federal direct investment (FDI), labor, and funding of businesses in each region.
In my study, I present the different approaches that are taken by each region to attract FDI. In addition, I will explain how and if informal networking is beneficial to the work force and the funding of businesses in each region.
The majority of my research for this thesis consisted on reviewing past articles of scholarly journals. From these journals I drew conclusions of my own and compared them to other scholars' work. I also analyzed such websites like the International Monetary Fund (IMF) and the World Bank and various others to be able to come up with my own findings necessary to complete my thesis.
To anticipate the conclusion, this thesis notes how important it is for each region to find its own unique way to attract FDI and how culture can impact the development of an economy. In my thesis, I am including the importance of trust in the society and the significance of the informal business networks on the Chinese economy.
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