COMPARING THE ROLE OF MANAGERIAL CONTROL IN MICRO FAMILY BUSINESS START-UP IN BOSNIA ERZEGOVINA, BRAZIL AND ITALY

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Abstract

This paper compares the role of managerial control in Micro, Small and Medium Enterprises (MSMEs) startup in Bosnia Erzegovina, Brazil and Italy respectively in the district of Banja Luka, San Caetano and Forlì-Cesena. The main reason for this emergent topic is the survey carried out in the various countries that shows that informal controls outweighs the formal controls in the MSME and that there is a good evidence that such businesses are family owned. The most interesting result of the research was the discussion on MSMEs control system that is interwoven by the role and features of managerial control in Family Business (FB). In this regard, should we assume as empirically demonstrated in model (Fig.1) together with Greiner statements, developed by other Authors (Quinn, Cameron 1983), the general framework allow us to maintain the hypothesis that the control level in the first phases of MFB startup is low and limited to punctual check and operative one.

Keywords: Managerial, Control, Startup, MSMEs, Erzegovina, Brazil and Italy

How to cite this paper: Bianchi, M., Imoniana, J. O., Tampieri, L. & Tesic, J. (2009). Comparing the role of managerial control in micro family business start-up in Bosnia Herzegovina, Brazil and Italy. Corporate Ownership & Control, 7(2-1), 224-237. https://doi.org/10.22495/cocv7i2c1p5