The small business: as a transaction space

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Abstract
The development of the new small firm during the last ten years raises the problem of the conditions for becoming competitive. Competitiveness is achieved not by seeking to increase the size of the enterprise, but by increasing the number of internal and external transactions in an auto-setting environment, especially with the increasing importance of services with goods and in production. The change in style of entrepreneurship is fundamental in this process. The resulting new relationships with the environment lead researchers to reflect on the concept of ‘personal’ or controlled network. But they cause new problems of vulnerability and new transaction space for these small firms.

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