Date of Conferral
2022
Degree
Doctor of Business Administration (D.B.A.)
School
Business Administration
Advisor
Jim R. Glenn
Abstract
Some minority business enterprises (MBEs) have limited capital for setting up their businesses, which often leads to business failure. Grounded in entrepreneurship theory, the purpose of this qualitative multiple-case study was to explore strategies MBEs used to access capital to improve their competitive positioning and profitability. The participants were six MBE owners from Alabama who demonstrated success at maintaining and securing working capital to maintain a profitable business for a minimum of 5 years. Data were collected from semistructured interviews and reviews of organization documents and websites. Using Yin’s five-step data analysis process, four themes emerged: owner financing, government loans and grants, financial literacy and credit risk, and family and friends. A key recommendation for MBE owners is to establish worthwhile credit scorecards. The implications for positive social change help MBEs survive, thereby increasing the tax base, and employment in the community in which they operate.
Recommended Citation
Hill, Darlene, "Strategies to Improve Minority Business Enterprises’ Access to Capital for Competitive Positioning and Profitability" (2022). Walden Dissertations and Doctoral Studies. 14182.
https://scholarworks.waldenu.edu/dissertations/14182
Included in
Entrepreneurial and Small Business Operations Commons, Finance and Financial Management Commons
