Strategic planning in SME's - some empirical findings.

Stonehouse, George and Pemberton, Jon (2002) Strategic planning in SME's - some empirical findings. Management Decision, 40 (9). pp. 853-861. ISSN 0025 1747

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Strategic frameworks and tools of analysis have been the subject of much academic debate over the last 20 years. This paper reviews the main approaches to strategic management and, by presenting the results of a survey of 159 small and medium sized enterprises selected from both the service and manufacturing sectors, demonstrates a divide between the theoretical concepts and the practical realities of strategic planning. While there are strong indications of business planning among the organisations surveyed, there is less evidence of strategic thinking except among larger businesses. Even in this latter group there are only a few instances where the recognised tools of strategic management appear to play a role in planning, the exception being internal financial analysis, which is widely undertaken

Item Type: Article
Print ISSN: 0025 1747
Electronic ISSN: 1758-6070
Uncontrolled Keywords: Planning; Small- to medium-sized enterprises;
University Divisions/Research Centres: The Business School > School of Management
Dewey Decimal Subjects: 600 Technology > 650 Management & public relations > 658 General management
Library of Congress Subjects: H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Item ID: 4988
Depositing User: Mrs Lyn Gibson
Date Deposited: 22 Feb 2012 16:53
Last Modified: 20 Aug 2013 15:22

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