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

journal contribution
posted on 11.02.2022, 12:19 by Nick CliftonNick Clifton, Robert Huggins, David Pickernell, Daniel Prokop, David Smith, Piers Thompson
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.

History

Published in

Strategic Change

Publisher

Wiley

Version

AM (Accepted Manuscript)

Citation

Clifton, N., Huggins, R., Pickernell, D., Prokop, D., Smith, D. and Thompson, P. (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. https://doi.org/10.1002/jsc.2382

Print ISSN

1086-1718

Electronic ISSN

1099-1697

Cardiff Met Affiliation

  • Cardiff School of Management

Cardiff Met Authors

Nick Clifton

Cardiff Met Research Centre/Group

  • Welsh Centre for Business and Management Research

Language

en

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