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Networking and strategic planning to enhance SME growth in a less competitive economy

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Competition and day to day fire-fighting prevents small businesses from undertaking the most effective types of strategic planning and networking for growth and innovation. Poor or inappropriate execution of these activities highlights the need for targeted managerial training. Potential explanations for the weak growth of many SMEs focus on the limited use of strategic planning and networking activities. Data from a management survey of SMEs in South East Wales shows that where these activities are undertaken the type of networking and information sought from it is often not that most associated with innovation and growth. Therefore, it may not be their absence per se, but the poor or inappropriate execution of these activities that is the key problem. This deficiency highlights the need for targeted managerial training in these areas.
Original languageEnglish
Pages (from-to)699-711
JournalStrategic Change
Volume29
Issue number6
DOIs
Publication statusPublished - 15 Nov 2020

Documents

  • PICKERNELL_2020_cright_Networking and Strategic Planning to Enhance SME Growth in a Less Competitive Economy

    Rights statement: This is the peer reviewed version of the following article: Networking and strategic planning to enhance SME growth in a less competitive economy, (2020, Strategic Change, 29(6), which has been published in final form at https://onlinelibrary.wiley.com/doi/10.1002/jsc.2382. This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Use of Self-Archived Versions.

    Accepted author manuscript (Post-print), 709 KB, PDF document

    Due to publisher’s copyright restrictions, this document is not freely available to download from this website until: 15/11/22

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