Networking and strategic planning to enhance small and medium‐sized enterprises growth in a less competitive economy

Clifton, N, Huggins, R, Pickernell, D, Prokop, D, Smith, D and Thompson, P ORCID: https://orcid.org/0000-0003-1961-7441, 2020. Networking and strategic planning to enhance small and medium‐sized enterprises growth in a less competitive economy. Strategic Change, 29 (6), pp. 699-711. ISSN 1086-1718

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Abstract

Competition and day-to-day firefighting 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.

Item Type:	Journal article
Publication Title:	Strategic Change
Creators:	Clifton, N., Huggins, R., Pickernell, D., Prokop, D., Smith, D. and Thompson, P.
Publisher:	Wiley
Date:	November 2020
Volume:	29
Number:	6
ISSN:	1086-1718
Identifiers:	Number Type 10.1002/jsc.2382 DOI 1388719 Other
Divisions:	Schools > Nottingham Business School
Record created by:	Linda Sullivan
Date Added:	18 Nov 2020 10:26
Last Modified:	15 Nov 2022 03:00
URI:	https://irep.ntu.ac.uk/id/eprint/41660

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