U.S. African-American Small Business Owners' Leadership Perspectives Around Business Development, Sustainability, and Succession Transition

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Author(s): Orna T. Bradley-Swanson (Walden University, USA)and Darrell Norman Burrell (The Florida Institute of Technology, USA)
Copyright: 2021
Pages: 11
Source title: Handbook of Research on Multidisciplinary Perspectives on Managerial and Leadership Psychology
Source Author(s)/Editor(s): Rick D. Johnson (Johnson Professionals, Inc., USA)
DOI: 10.4018/978-1-7998-3811-1.ch020

Keywords: Business Science Reference / Human Behavior & Psychology / Management Science / Social Sciences & Humanities

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Abstract

Small businesses produce near 50% of the gross domestic product and are responsible for over 6 out of 10 new jobs. These numbers point to the importance of small business ownership and leadership is important in the US economy. In 2020, there are 124,004 African-American-owned businesses in the U.S. In spite of these numbers, African-American-owned small businesses face tremendous challenges. This exploratory qualitative study examines U.S. African-American small business owners' leadership perspectives around business development, sustainability, and succession transition.

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U.S. African-American Small Business Owners' Leadership Perspectives Around Business Development, Sustainability, and Succession Transition

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