Essays on Managing Small Business - Rayz Case Study

Download full paperFile format: .doc, available for editing

The paper "Managing Small Business - Rayz" is a perfect example of a business case study.   Small businesses are vital to developing and developing nations and are usually owned by private owners that support between 15 and 50 employees as a classification by the European Union with a balance sheet total of less than € 10 million (Europa 2015). Small businesses are considered to be the backbone of an industrialised economy. In the United States, small businesses employ approximately 68 million workers which represent roughly 50 percent of all jobs available in the private sector (USBA 2009).

Over the last 10 years, small businesses represent between 60 and 80 percent of new job growth in the United States. To illustrate, private-sector small businesses contribute $2.1 trillion of the total $4.8 trillion in total private-sector payrolls (USBA 2009). In the United Kingdom, small businesses are just as critical to the economy. In the year 2014, the UK maintained 5.1 million small businesses that provided payroll to approximately 12 million workers (Ward and Rhodes 2014). Small businesses in the UK account for 12 percent of export activities and 11 percent of import activities (Ward and Rhodes), making them substantial in supporting growth in the economy and the provision of tax revenues to the UK government.

In fact, it is estimated that approximately £ 45.4 billion worth of annual tax revenues came directly from small businesses between 2010 and 2011 (Ward and Rhodes). It was once believed that small businesses served a niche market, however growth and success in small businesses now make these companies the core focus of UK economic policy (Mindful Money 2011).

This again illustrates the vital importance to the economy of developed nations as these businesses hire approximately half of the entire labour force in the UK. Small businesses promote innovation which impacts multiple sectors of the entire economy and improves the lifestyle of consumers around the world. The small business is focused upon in this research is such a contributor to the Saudi economy. In this research study, an exploration of a small business, Rayz, was conducted.


Alghuraibi, Y. (2015). Rayz Small Business Interview. 2015. Telephone.

Beaver, G. (2003). Small business: success and failure, Strategic Change, 12(3), pp.115-122.

Boone, L. and Kurtz, D. (2007). Contemporary marketing, 12th edn. UK: Thompson South Western.

Carter, S. and Jones-Evans, D. (2007). Enterprise and small business: principles, practice and policy, 3rd edn. Harlow: Pearson Education.

Chwolka, A., and Raith, M. G. (2011). The value of a business plan before start-up – A decision

theoretical perspective, Journal of Business Venturing, (2011), pp.1-15.

Europa. (2015). What is an SME? [online] Available at: (accessed 15 April 2015).

Hayton, J.C. (2005). Promoting corporate entrepreneurship through human resource management practices: a review of empirical research, Human Resource Management Review, 15, pp.21-41.

Hisrich, R.D. & M.P. Peters (2002). Entrepreneurship. New York: McGraw-Hill Irwin.

Hofstede, G., Hofstede, G.J. and Minkov, M. (2010). Cultures and organizations: software of the mind, 3rd edn. McGraw Hill.

Kouzes, J.M. and Posner, B.Z. (2012). The Leadership Challenge, 5th edn. Jossey Bass.

Mindful Money. (2011). Can small businesses save the UK economy? [online] Available at: (accessed 14 April 2015).

Morrison, A., Breen, J and Ali, S. (2003). Small business growth: Intention, ability and opportunity, Journal of Small Business Management, 41(4), pp. 417-425.

Perry, C.S. (2001). The relationship between written business plans and the failure of small businesses in the U.S., Journal of Small Business Management, 39, pp.201-209.

Peters, T. and Austin, N. (1985). A passion for excellence. New York: Random House.

Petkova, A.P. (2009). A theory of entrepreneurial learning from performance errors, International Entrepreneurship and Management Journal, 5(4), pp.345-367.

Rayz. (2015). Rayz story. [online] Available at: (accessed 13 April 2015).

Rayz. (2015). Our values. [online] Available at: (accessed 12 April 2015).

Ropega, J. (2011). The reasons and symptoms of failure in SME, International Advances In

Economic Research, 17(4), pp. 476-483.

Scheers, L. and Radipere, S. (2007). Why are so many managers not managing?, African Journal of Business Management, 1(4), pp.85-89.

Temporal, P. (2006). B2B branding in Malaysia: a guide to building successful business to business brands. Selangor: Kanyin Publications.

USBA. (2009). The small business economy: a report to the President, United States Small Business Administration. [online] Available at: sb_econ2009.pdf (accessed 14 April 2015).

USBA. (2009). Presentation to the SEC Forum, United States Small Business Administration. [online] Available at: (accessed 14 April 2015).

Wagner, D., Block, J.H., Miller, D., Schwens, C. and Xi, Q. (2015). A meta-analysis of financial performance of family firms: another attempt, Journal of Family Business Strategy, 6(1), pp.3-13.

Ward, M. and Rhodes, C. (2014). Small businesses and the UK economy, Library House of Commons.

Whitely, R. and Hessan, D. (1996). Customer centered growth: five proven strategies for building competitive advantage. Reading: Wesley Publishing.

Download full paperFile format: .doc, available for editing
Contact Us