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Financial Literacy Acquisition Strategies Small Business Entity Owners Use for Sustainability.

Record Type:	Language materials, manuscript : Monograph/item
Title/Author:	Financial Literacy Acquisition Strategies Small Business Entity Owners Use for Sustainability./
Author:	Obiora, Nkemakonam.
Description:	1 online resource (191 pages)
Notes:	Source: Dissertations Abstracts International, Volume: 85-06, Section: A.
Contained By:	Dissertations Abstracts International85-06A.
Subject:	Sustainability. -
Online resource:	click for full text (PQDT)
ISBN:	9798381170887

Financial Literacy Acquisition Strategies Small Business Entity Owners Use for Sustainability.
Obiora, Nkemakonam.

Financial Literacy Acquisition Strategies Small Business Entity Owners Use for Sustainability. - 1 online resource (191 pages)

Source: Dissertations Abstracts International, Volume: 85-06, Section: A.

Thesis (D.B.A.)--Walden University, 2023.

Includes bibliographical references

Inadequate financial literacy skills among small business entity (SBE) owners have the potential for adverse business outcomes. SBE owners are concerned because inadequate financial literacy skills could hinder their ability to create effective financial strategies to sustain their businesses, increasing the likelihood of failure. Grounded in the resource-based theory and leadership skills model, the purpose of this qualitative multiple case study was to explore strategies SBE owners use to obtain the financial literacy skills necessary for sustaining their SBE beyond 5 years. The participants were five SBE owners in a metropolitan area of Michigan who successfully used financial literacy skills to develop and implement financial strategies to sustain their businesses. Data were collected using semistructured interviews and reviewing organizational documents such as annual reports and income statements. Through Yin's five-step process, five themes were identified: (a) financial knowledge/literacy, (b) financial discipline, (c) financial management, (d) financial investment, and (e) financial education. A key recommendation is for the government and bodies overseeing SBEs to design and implement financial literacy programs or liaise with universities and financial institutions to organize such programs for SBE owners to improve their financial literacy skills. The implications for positive social change include the potential for SBE owners to improve their financial literacy skills to develop and implement unique financial strategies to remain sustainable, thereby leading to more jobs, market growth, and citizens' well-being.

Electronic reproduction.
Ann Arbor, Mich. :
ProQuest,
2024

Mode of access: World Wide Web

ISBN: 9798381170887Subjects--Topical Terms:

793436
Sustainability.
Subjects--Index Terms:

Small business entityIndex Terms--Genre/Form:

554714
Electronic books.

Financial Literacy Acquisition Strategies Small Business Entity Owners Use for Sustainability.
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