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

Nick Clifton, Robert Huggins, David Pickernell Orcid Logo, Daniel Prokop, David Smith, Piers Thompson

Strategic Change, Volume: 29, Issue: 6, Pages: 699 - 711

Swansea University Author: David Pickernell Orcid Logo

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DOI (Published version): 10.1002/jsc.2382

Abstract

Competition and day-to-day firefighting prevents small businesses from undertakingthe most effective types of strategic planning and networking for growth and innovation. Poor or inappropriate execution of these activities highlights the need for targetedmanagerial training. Potential explanations f...

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Published in: Strategic Change
ISSN: 1086-1718 1099-1697
Published: Wiley 2020
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URI: https://cronfa.swan.ac.uk/Record/cronfa61224
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first_indexed 2022-09-14T13:57:22Z
last_indexed 2023-01-13T19:21:51Z
id cronfa61224
recordtype SURis
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spelling 2022-09-30T12:12:16.3123654 v2 61224 2022-09-14 Networking and strategic planning to enhance small and medium‐sized enterprises growth in a less competitive economy 913bd73da00d7df4f5038f6f144b235e 0000-0003-0912-095X David Pickernell David Pickernell true false 2022-09-14 BBU Competition and day-to-day firefighting prevents small businesses from undertakingthe most effective types of strategic planning and networking for growth and innovation. Poor or inappropriate execution of these activities highlights the need for targetedmanagerial training. Potential explanations for the weak growth of many SMEs focuson 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 mostassociated 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. Thisdeficiency highlights the need for targeted managerial training in these areas Journal Article Strategic Change 29 6 699 711 Wiley 1086-1718 1099-1697 business education; growth; leadership; networking; SME; strategy; Wales 15 11 2020 2020-11-15 10.1002/jsc.2382 COLLEGE NANME Business COLLEGE CODE BBU Swansea University 2022-09-30T12:12:16.3123654 2022-09-14T14:54:49.0549830 Faculty of Humanities and Social Sciences School of Management - Business Management Nick Clifton 1 Robert Huggins 2 David Pickernell 0000-0003-0912-095X 3 Daniel Prokop 4 David Smith 5 Piers Thompson 6
title Networking and strategic planning to enhance small and medium‐sized enterprises growth in a less competitive economy
spellingShingle Networking and strategic planning to enhance small and medium‐sized enterprises growth in a less competitive economy
David Pickernell
title_short Networking and strategic planning to enhance small and medium‐sized enterprises growth in a less competitive economy
title_full Networking and strategic planning to enhance small and medium‐sized enterprises growth in a less competitive economy
title_fullStr Networking and strategic planning to enhance small and medium‐sized enterprises growth in a less competitive economy
title_full_unstemmed Networking and strategic planning to enhance small and medium‐sized enterprises growth in a less competitive economy
title_sort Networking and strategic planning to enhance small and medium‐sized enterprises growth in a less competitive economy
author_id_str_mv 913bd73da00d7df4f5038f6f144b235e
author_id_fullname_str_mv 913bd73da00d7df4f5038f6f144b235e_***_David Pickernell
author David Pickernell
author2 Nick Clifton
Robert Huggins
David Pickernell
Daniel Prokop
David Smith
Piers Thompson
format Journal article
container_title Strategic Change
container_volume 29
container_issue 6
container_start_page 699
publishDate 2020
institution Swansea University
issn 1086-1718
1099-1697
doi_str_mv 10.1002/jsc.2382
publisher Wiley
college_str Faculty of Humanities and Social Sciences
hierarchytype
hierarchy_top_id facultyofhumanitiesandsocialsciences
hierarchy_top_title Faculty of Humanities and Social Sciences
hierarchy_parent_id facultyofhumanitiesandsocialsciences
hierarchy_parent_title Faculty of Humanities and Social Sciences
department_str School of Management - Business Management{{{_:::_}}}Faculty of Humanities and Social Sciences{{{_:::_}}}School of Management - Business Management
document_store_str 0
active_str 0
description Competition and day-to-day firefighting prevents small businesses from undertakingthe most effective types of strategic planning and networking for growth and innovation. Poor or inappropriate execution of these activities highlights the need for targetedmanagerial training. Potential explanations for the weak growth of many SMEs focuson 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 mostassociated 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. Thisdeficiency highlights the need for targeted managerial training in these areas
published_date 2020-11-15T04:19:54Z
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score 11.013731

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