Decision-making institutions evident in today’s small businesses display remarkable similarities to medieval feudalism. This paper presents: (1) the institutions of feudalism as applied to small business, (2) a theoretical framework as a foundation for explaining obvious parallels, and (3) propositions that furnish a basis for further research.
|Number of pages||11|
|Journal||Journal of Small Business and Enterprise Development|
|State||Published - Sep 1 1998|
- Business history
- Small firms