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Entrepreneurial Planning for the Small-Scale Project

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  • Don Lebell

    (Independent Consultant)

Abstract

The development and publication of formal planning methods reflect a preponderance of large rather than small-scale applications and an emphasis on projects already functioning rather than those in a start-up or termination mode.This situation is both unfortunate and to a great extent unnecessary. Formal planning can play as important a role for the entrepreneur as for operating management. Further, it is as vital for the success of small-scale as for large-scale projects. Experience with a number of small-scale projects reveals certain generic insights, if not unique principles, of value in applying formal methods to entrepreneurial planning for the small-scale project. Thus this paper contends that (1) Formal methods have an important role in successful planning for small as well as large-scale projects and (2) “Entrepreneurial” and “Small-scale” present a special set of restrictions and opportunities which should shape the selection and application of planning methods.

Suggested Citation

  • Don Lebell, 1974. "Entrepreneurial Planning for the Small-Scale Project," Interfaces, INFORMS, vol. 4(2), pages 53-59, February.
    • Handle: RePEc:inm:orinte:v:4:y:1974:i:2:p:53-59
    DOI: 10.1287/inte.4.2.53
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