Table 1: The small firm management process

Table 1. The Small Firm Management Process

• The table below represents an organizations structure and is developed around the interests and abilities of the key role players. 
• The article stresses the fact that the management process in the small firm businesses is seldom a readily visible process-it often has an abstract rather than concrete form.
• The key role players must fulfill a number of roles if the organization is to succeed.
• A lack of attention to these fundamental managerial activities (ex. negotiation, innovation, risk taking, strategic planning, etc.) may threaten the survival of the firm.

The complexity of the small business environment demands a unique blending of skills (in the table above) to succeed in exploiting competitive advantage.