STRATEGY Publication Staff Editor Dr. Gwen F. Fontenot Editorial Assistant Michelle Haarhues Editorial Advisory Board Dr. David Ambrose University of Nebraska-Omaha Dr. V. V. Bellur California State University-Bakersfield Dr. James Carland, Jr. Western Carolina University Dr. Jo Ann C. Carland Western Carolina University Dr. Donald Clause University of West Rorida Dr. Richard Dailey University of Montana Dr. Saul Diamond University of Northern Iowa Dr. Wilke English The University of Texas at El Paso Dr. Fred Fry Bradley University Dr. Robert Kemp Drake University Dr. Robert Kerber Illinois State University Mr. Chris Kobler Small Business Administration Dr. Joe Latona University of Akron Dr. Binshan Lin Louisiana State University-Shreveport Dr. James Paradiso National Louis University Dr. John N. Pearson Arizona State University Dr. George Rimler Virginia Commonwealth University Dr. Robert Rose Central Missouri State University Dr. Howard Rudd College of Charleston Dr. Homer Saunders University of Central Arkansas Dr. Leo Simpson Eastern Washington University Dr. Joe Singer University of Missouri-Kansas City Dr. Matthew Sonfield Hofstra University Dr. George Solomon Small Business Administration Dr. Harriet Stephenson Seattle University Dr. Mark Weaver University of Alabama A publication of the Small Business Administration and the Small Business Institute Directors'ssociation. Send subscription requests to Dr. Gwen Fontenot, Editor, Journal of Small Business Strategy, 10030 Glenrio Lane, Dallas, TX 75229. Annual subscriptions and back issues may be ordered at $15 each. "The U.S. Small Business Administration's participation in this cosponsorship activity does not constitute an express or implied endorsement of any of the cosponsor(s)'r participants'pinions, products or services." "SBA Auth. ยน88-1170" Copyright 1990 Small Business Institute Directors'ssociation S'rRATEGY ABOUT THE AUTHORS New Venture Initiation: Factors Influencing Success Jerman Rose is currently College Finance and Administration Officer for the Washington State University College of Business and Economics and Director of the Small Business Institute. Dr. Rose holds a Ph.D. from the University of Kansas. He was an active entrepreneur and was involved in the creation and management of several service businesses, induding the establish- ment and operation of an international service franchise. Val D. Miskin is Director of Graduate Programs in Business and professor in management for the college of Business and Economics at Washington State University. Dr. Miskin received his MBA degree from Utah State University and holds a Ph.D. degree in Business Administration from Washington State University. A one time business owner himself, Dr. Miskin has over fifteen years of corporate management development and consulting experience. He has served in managerial positions in the banking industry and for the National Manpower Development and Small Business Development Agencies. Requirements and Benefits of Implementing Just-In-Time Manufacturing for Small-Finn Manufacturing Stanley E. Fawcett is Assistant Professor of Logistics and International Management at Michigan State University. He recently completed his Ph.D. in Logistics and Operations Management from Arizona State University. His research interests include logistics, manufac- turing strategy, and international operations. John N. Pears on is Associate Professor of Purchasing and Logistics Management at Arizona State University. He holds a Ph.D. in Business Administration from Georgia State University and has published articles in the strategic and operations management areas. The Effect of Operational and Strategic Planning on Small Firm Performance Larry R. Watts is Assistant Professor of Management at Stephen F. Austin State University. His research interests include small firm planning practices and entrepreneurship. Joseph G. Ormsby is an Assodate Professor of Management at Stephen F. Austin State University. His research interests include small firm planning practices and operations man- L agement. STRATEGY ABOUT THE AUTHORS (CONT.J A Proposed Capital Budgeting Technique for Liquidity Constrained Small Businesses John B. White is Assistant Professor of Finance at Georgia Southern College. He holds a Ph.D. in Economics from the University of Virginia and is the author of several professional papers. Morgan P. Miles is Assistant Professor of Marketing at Georgia Southern College. He was formerly a management consultant with both the Mississippi Small Business Development Center and the Tennessee Tombigbee Waterway Development Coundl. He received his D.B.A. in Marketing from Mississippi State University and has published several journal articles and professional papers. Self-Employment Training Programs for the Poor Steven Balk in is an Associate Professor of Economics at Roosevelt University. His research interests concern poverty, criminal justice, and economic development, focusing on issues relating to self-employment and micro-enterprises. Total Quality Management, Just-in-Time, and Their Effect on Small Manufacturers Feraidoon (Fred) Raafat is Associate Professor of Information and Decision Systems at San Diego State University. He received his Ph.D. in Industrial Engineering and Management from Oklahoma State University. Dr. Raafa Ys current research interests are in the areas of decaying inventory modeling, new technology implementation and materials requirement planning. Milton M. Chen is Professor of Management Science at the College of Business Adminis- tration, San Diego State University. He is also an Adjunct Professor at the University of California, San Diego. Professor Chen's current research focuses on total quality management (TQA), Just-in-Time QIT) Systems, Japanese production management and productivity. He has consulted and lectured widely in the U.S., Canada, Mexico, Japan, and Taiwan. / SMALL BUSINESS CONSULTING CONFERENCE Small Business Institute Directors'ssociation 15th Annual Conference Holiday Inn International Drive Resort Orlando, FL February 7-10, 1991 The 15th Annual SBIDA Conference will be held in Orlando, FL, February 7-10, 1991. Anyone interested in small business consulting and small business or entrepre- neurshipeducationisinvited toattend. Theconference willconsistofpaperpresentations, symposia, panels, and workshops on topics related to the Small Business Institute program, small business consulting, and small business/entrepreneurship education. Paper presentations are divided into the following categories: ~ Small Business Management ~ Small Business Marketing ~ Computers in Small Business ~ Small Business/Entrepreneurship Education ~ Management Assistance and Development ~ Accounting and Finance ~ Small Business Management ~ Small Business International Trade ~ Small Business Legal Environment A special computer workshop series is planned for the 1991 conference. The workshop series will include hands-on experience and will feature the computer as a tool for small business consultants. Spedal conference speakers will include industry executives, Small Business Administration personnel, and members of Congress and their staff. For registration information, contact: Dr. Lynn Hoffman Vice President-Programs University of Northern Colorado Department of Management Greeley, CO 80639 (303) 351-2088.