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Rubrics For Business Implementation

The document outlines three categories of indicators for measuring the success of entrepreneurship: 1. Business knowledge and practices indicators like formal record keeping, legal documents, separate business accounts, and improved marketing strategies. 2. Business performance indicators such as income, profits, sales, number of employees, inventory size, business start-ups, productivity, hours worked, loans, savings, business survival, and growth. 3. Psychological indicators for entrepreneurs including women's agency, self-confidence, and teamwork.

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Ronald Isidro
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249 views2 pages

Rubrics For Business Implementation

The document outlines three categories of indicators for measuring the success of entrepreneurship: 1. Business knowledge and practices indicators like formal record keeping, legal documents, separate business accounts, and improved marketing strategies. 2. Business performance indicators such as income, profits, sales, number of employees, inventory size, business start-ups, productivity, hours worked, loans, savings, business survival, and growth. 3. Psychological indicators for entrepreneurs including women's agency, self-confidence, and teamwork.

Uploaded by

Ronald Isidro
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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The following indicators of the success of entrepreneurship

I. Indicators of business knowledge and practices

 Formalised record keeping (Cho & Honorati, 2014; McKenzie & Woodruff, 2013; Patel, 2014).
 Legal documents (Cho & Honorati, 2014; Patel, 2014).
 Separate business account (Cho & Honorati, 2014).
 Improved marketing strategies (De Mel, McKenzie, & Woodruff, 2014; Patel, 2014; Valerio et
al., 2014).
 More strategic orientation (process flow) (Valerio et al., 2014).
 Stock-keeping practices (De Mel et al., 2014).

II. Business performance indicators

 Income and profits. Cho and Honorati (2014) find that income and profits were the most common
outcome assessed in the studies which they reviewed (28% of the 37 studies included income or
profits among the outcomes). More specifically, individual salary, business profits, assets and
household consumption were assessed (Cho & Honorati, 2014).
 Sales (Cho & Honorati, 2014).
 Number of wage workers(Cho & Honorati, 2014).
 Size of inventory (Bloom et al., 2013; Cho & Honorati, 2014).
 Business start-up (Cho & Honorati, 2014; Patel, 2014). Few studies considered the rate of new
business start-ups but some used proxies such as self- employment and increased business income
(Valerio et al., 2014).
 Productivity (Valerio et al., 2014, Bloom et al., 2013).1
 Increased hours of work or increased employment (Cho & Honorati, 2014).
 Reduced inactivity (Cho & Honorati, 2014).
 Loans (Cho & Honorati, 2014; Field, Jayachandran, & Pande, 2010).
 Savings (Valerio et al., 2014).
 Business survival (Patel, 2014; Valerio et al., 2014).
 Business growth (Patel, 2014; Valerio et al., 2014).

III. Psychological indicators

 Women’s agency or decision-making capacity (Patel, 2014).


 Scheduling
 Team Building
 Self-confidence and teamwork (Valerio et al., 2014).

Indicators
Indicators of business
knowledge and practices

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