Firm size is found to affect strategic decisions significantly, whereas technology and market stability stimulate product development and innovation. An innovation strategy seems to be the only grand strategy that guarantees high short- and long-term performance. Concentrated growth, market, and product development foster long-term performance. The traditional top-down management approach in high-technology SMEs does not require formal strategic planning for implementation of strategies.
|Number of pages||17|
|Publication status||Published - 22 Aug 2012|
- grand strategies
- high technology SMEs