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Article

Sink or Swim? Impacts of Management Strategies on Small Business Survival and Recovery

1
Agricultural Economics, Purdue University, West Lafayette, IN 47907, USA
2
Professor Emeritus of Consumer Sciences and Retailing, Purdue University, West Lafayette, IN 47907, USA
*
Author to whom correspondence should be addressed.
Sustainability 2020, 12(15), 6229; https://doi.org/10.3390/su12156229
Received: 3 July 2020 / Revised: 27 July 2020 / Accepted: 27 July 2020 / Published: 3 August 2020
(This article belongs to the Special Issue Small and Family Business Sustainability and Resilience)
The rate of small business demise is exacerbated by exogenous events such as natural disasters that threaten even the healthiest business. This study focused on the effects of management strategies used by small business owners affected by a natural disaster and the resulting recovery status eight years after Hurricane Katrina. The results indicate that location, human resource, and financial management decisions affect operating status and recovery. Both pre-and post-disaster strategies and across system exchanges were utilized and predicted survival and recovery, e.g., financial managerial strategies utilized post disaster predicted whether a business would fully recover, but effective overall management strategies differed over time and operating category. View Full-Text
Keywords: small business; disaster; demise; recovery; survival; management strategies; resource exchanges small business; disaster; demise; recovery; survival; management strategies; resource exchanges
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MDPI and ACS Style

Marshall, M.I.; Schrank, H.L. Sink or Swim? Impacts of Management Strategies on Small Business Survival and Recovery. Sustainability 2020, 12, 6229. https://doi.org/10.3390/su12156229

AMA Style

Marshall MI, Schrank HL. Sink or Swim? Impacts of Management Strategies on Small Business Survival and Recovery. Sustainability. 2020; 12(15):6229. https://doi.org/10.3390/su12156229

Chicago/Turabian Style

Marshall, Maria I., and Holly L. Schrank. 2020. "Sink or Swim? Impacts of Management Strategies on Small Business Survival and Recovery" Sustainability 12, no. 15: 6229. https://doi.org/10.3390/su12156229

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