This paper is a review of the literature concerning management development in small firms. It looks at the benefits in terms of growing a small firm and whether the lack of management skills contributes to their failure. In addition, this paper looks at some of the barriers to management development, including the attitudes and characteristics of the entrepreneur, and also looks at learning models that may be appropriate for small firms. The paper also looks at the authors' views on the effectiveness of management development for small firms, the barriers to learning as well as the skills required. Management development programmes are now widely accepted as a means of improving the competitiveness of firms and the economy as a whole. Although management education and training has, in the past, been designed mainly for larger firms, there is a growing awareness of the requirements of small businesses. Government initiatives designed to encourage start-ups and to boost the growth of small firms have emphasized the importance of management development. This review of the literature shows that, on balance, management development programmes are effective for small firms. The main benefits appear to be survival and growth, reduction in failure and improvement in performance. The skills required include leadership and management, developing management systems and techniques and team building. Other skills include planning, delegation and financial management. The paper concludes that there is a need for further research into the effectiveness of management development programmes, the skills required and the barriers to learning in small firms and, also, whether they have an impact on the survival, growth and profitability of small firms

Fuller-Love, N., Midmore, P., Thomas, D., Henley, A. (2006). Entrepreneurship and rural economic development: A scenario analysis approach. International Journal of Entrepreneurial Behaviour and Research, 12 (5), 289-305. RAE2008Purpose ? The purpose of this paper is to advocate the use of scenario analysis to develop foresight for the improvement of policies supporting rural entrepreneurship and illustrate the approach with an application in Mid Wales. Design/methodology/approach ? A general overview of the economic problems of rural areas and their manifestation in the case study of Mid Wales is followed by an outline of the origins and approach of scenario analysis. Application of the technique involved a group of policy makers and entrepreneurs undertaking a structured programme of scenario development. The resulting scenarios, their usefulness for enterprise support, and wider implications are summarised. Findings ? The scenario analysis exercise enabled key stakeholders to confront and deal with considerable uncertainties by developing a shared understanding of the barriers to small firm growth and rural economic regeneration. Research limitations/implications ? A major conclusion is that effective approaches for support of rural entrepreneurship differ widely according to context and need to take in to account a range of external issues. Further research, which extends the approach beyond the case discussed in this paper and focuses on the social learning dimension of participation, would help to validate these findings. Originality/value ? The use of scenarios for the analysis of policy questions is rare and this paper opens new ways of working for enterprise agencies and other stakeholders promoting the growth of employment and income in a rural context.Peer reviewe

Fuller-Love, Nerys, and Thomas, Esyllt, 'Networks in small manufacturing firms', Journal of Small Business and Enterprise Development (2005) 11(2) pp.244-253 RAE2008The theories of networks have become more popular in recent years when discussing business structures. It can be said that co-operation is seen as a theory that plays an important role in the survival of many small and medium sized businesses. Co-operative and networking strategies amongst business in Mid Wales has brought them many benefits and a competitive advantage that they would not be able to afford on their own. These issues were investigated in this research into the practical value of networks in small manufacturing companies. The aim of this study is to look at the provision for small business by analysing their value, by noting the implications, and providing recommendations for the future of networking amongst small and medium sized enterprises. The small manufacturing businesses in this study saw that networking was a very cost-effective way compared to other strategies to improve their performance. The businesses co-operate in order to share information and resources and to undertake joint projects. By exchanging information and know-how, networks can be an important tool for small business entrepreneurs to improve their businesses.Peer reviewe