America’s Largest Black-Owned Companies: A Thirty-Year Longitudinal Analysis
Vol. Volume 12, Number 3 September/2007
This article investigates the largest American black-owned companies
over a thirty-year period, from 1974 to 2004. Trends with regard to the
growth and decline of industry categories and of individual companies,
and with regard to these companies’ survival rates, are analyzed.
Comparable survival rates of small businesses in general, of minority
businesses, and of large corporations are investigated. The important
factors of corporate minority procurement programs and government
minority set-aside programs are evaluated. The phenomenon of large
American corporations acquiring some of the most success black-owned
businesses is also studied. These various factors relating to black
business success and failure lead to various implications and
recommendations for current and aspiring minority business owners, as
well as to consultants to and researchers of minority business.