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,Hans J. Pleitner, Strategic Behavior in Small and Medium Sized Firms: Preliminary Considerations, Journal of Small Business Management 27, no. 4 1989: 7075. In fact, many fail to conduct any planning;Richard Monk, Why Small Businesses Fail, CMA Management 74, no. 6 2000: 12. ,Anonymous, Top 10 Deadly Mistakes for Small Business, Green Industry Pro 19, no. 7 2007: 58. others may fail to conduct operational planning, such as marketing strategies. Rubik Atamian and Neal R. VanZante, Continuing Education: A Vital Ingredient of the Success Plan for Business, Journal of Business and Economic Research 8, no. 3 2010: 3742.

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Saskia Sassen used the term "global city" in her 1991 work, The Global City: New York, London, Tokyo to refer to a city's power, status, and cosmopolitanism, rather than to its size. Following this view of cities, it is possible to rank the world's cities hierarchically. Global cities form the capstone of the global hierarchy, exerting command and control through their economic and political influence. Global cities may have reached their status due to early transition to post industrialism or through inertia which has enabled them to maintain their dominance from the industrial era. This type of ranking exemplifies an emerging discourse in which cities, considered variations on the same ideal type, must compete with each other globally to achieve prosperity. Critics of the notion point to the different realms of power and interchange. The term "global city" is heavily influenced by economic factors and, thus, may not account for places that are otherwise significant. Paul James, for example argues that the term is "reductive and skewed" in its focus on financial systems. Multinational corporations and banks make their headquarters in global cities and conduct much of their business within this context. American firms dominate the international markets for law and engineering and maintain branches in the biggest foreign global cities. Global cities feature concentrations of extremely wealthy and extremely poor people.