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Tekijä:Verreynne, M.
Meyer, D.
Otsikko:Small business strategy and the industry life cycle
Lehti:Small business economics
2010 : NOV, VOL. 35:4, p. 399-416
Asiasana:small business
planning
financial performance
empirical research
business cycles
life cycles
Vapaa asiasana:organizational age
Kieli:eng
Tiivistelmä:This research proposes that individual small firms, uniform with large firms, use different approaches to make strategy. Three processes relevant to small firms are picked out: simplistic, participative and adaptive. The relationship of these processes with performance, depending on industry life cycle stage is analyzed. Empirical analysis suggests that all three approaches are related to small firm performance, but that the importance and effect of the relationships alter depending on the industry life cycle stage. Markedly, and contradicting with evidence from studies in large firms, small firms in mature industries most likely benefit from use of adaptive strategy-making processes.
SCIMA tietueen numero: 275606
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