Explaining Small-Business Development: A Small-Business Development Model Combining the Maslow and the Hayes and Wheelwright Models

Authors

Jeff Adams, University of Houston Downtown
Chris Harris, University of Indianapolis
Katharine A. Bohley Martin, University of Indianapolis

Document Type

Article

Abstract

This paper looks at small-business management from the standpoint of Maslow’s hierarchy of needs and Hayes and Wheelwright’s four-stage model. The paper adapts Maslow’s hierarchy of needs model to small- business development and evolution. Additionally, Hayes and Wheelwright’s four-stage model is combined with the adapted Maslow small-business development model. The implications of the new model on the development of small businesses and future research are discussed.

Recommended Citation

Adams, Jeff; Harris, Chris; and Bohley Martin, Katharine A. (2015) "Explaining Small-Business Development: A Small-Business Development Model Combining the Maslow and the Hayes and Wheelwright Models," Journal of the Indiana Academy of the Social Sciences: Vol. 18 : Iss. 1 , Article 4.
Retrieved from: https://digitalcommons.butler.edu/jiass/vol18/iss1/4