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Social responsibility, profit maximisation and the small firm owner‐manager

Spence, Laura J., Rutherfoord, Robert·2001·Journal of Small Business and Enterprise Development

Abstract

In this paper, a new analysis is presented of the social and ethical orientation of small firm owner‐managers. Using exploratory qualitative empirical evidence, it is proposed that there are four “frames” of perceiving the social perspective of the small business. These are profit‐maximisation priority, subsistence priority, enlightened self‐interest and social priority. If policy makers wish to influence the ethics of small firms, they need to be aware of this diversity of viewpoints and move beyond the notion of the profit‐maximising, rational economic entrepreneur as the standard image of the small business owner‐manager.

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Metadata

Authors
Spence, L. J., & Rutherfoord, R.
Venue
Journal of Small Business and Enterprise Development
Publisher
Emerald
Published
2001-06-01
Volume
8
Issue
2
Pages
126-139
ISSN
1462-6004 (ISSN-L)
OpenAlex
W2015826605
Cited by
241
References
0
FWCI
6.54
Type
journal article
Language
en
Open access
closed

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CoChat. (2026). Citation check: Social responsibility, profit maximisation and the small firm owner‐manager. https://app.cochat.ai/papers/10.1108/eum0000000006818
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Spence, L. J., & Rutherfoord, R. (2001). Social responsibility, profit maximisation and the small firm owner‐manager. Journal of Small Business and Enterprise Development. https://doi.org/10.1108/eum0000000006818

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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.