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See You Next Week?A Study of Entrapment in a Small BusinessUniversity of Liverpool, UKH.Drummond{at}Liverpool.ac.uk This article explores the relevance of the notion of entrapment in explaining the decline of small businesses. Entrapment refers to situations where individuals become bound to a suboptimal course of action through the passage of time. The vehicle for this exploration is a dilapidated hairdressers shop. By analysing the artefacts of the shop and interview data, analysis seeks to understand how and why a once successful business can reach a point of no return. What emerges suggests that whilst entrapment partly results from mixing economic and extraneous interests (side-bets), the reasons may be more complex. Specifically, entrapment is distinctly risk averse and may reflect social pressures and ego-defensiveness, sustained not so much by illusion as delusion.
International Small Business Journal, Vol. 22, No. 5,
487-502 (2004) |
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