Advice to Entrepreneurs and Small Business

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Advice to Entrepreneurs and Small Business focuses on the CEO advice taking process and examines the case where advisers provide strategic advice to the top management of the firm. The review suggests that the process of business advice could be divided into attraction, engagement, exit and extension. The first section describes the different perspectives that have discussed business advice from economics, psychology, sociology and management. Next, the monograph turns to the attraction of advice and the reasons why entrepreneurs seek advice. Then, it examines the navigation of the business advice market. Next it considers the engagement in the adviser-entrepreneur relationship and the impact of advice. Finally, the author considers what we know, what gaps exist and highlights controversies in business advice before concluding.