State the factors of Small organisations
- More creative and dynamic
- More flexible to adapt to environmental changes
- More informal and small for example some people like this as more relaxed rules
- More varied tasks for the workers as less specialisation
- Problems of competing with larger companies because of less brand recognition or higher costs
- Higher risk therefore problems in raising finance
- Lack of economies of scale
- More reliance on key personnel
- Often-poor financial controls and expertise leading to high failure rates