Publication

Who Takes Advice?

Published: 1 September 2013

ERC Research Paper No 9

Associated Themes

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  Management and Leadership

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This paper explores the characteristics of small firms who take advice and those that do not. It finds a number of factors associated with taking advice including the longevity of an owner-managers education, whether the business has growth objectives and, most significantly, a size threshold at 10 employees at which taking advice becomes much more likely. It suggests that significant challenges arise in making the transition to 10 employees or more and that further research is needed to understand this transition.

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