Strategy Formulation in Entrepreneurial Firms

Download or read book Strategy Formulation in Entrepreneurial Firms written by Dr Azhdar Karami and published by Ashgate Publishing, Ltd.. This book was released on 2012-10-01 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is concerned with strategy formulation issues in the relatively neglected field of entrepreneurial firms. It raises questions, such as what is the strategic role of entrepreneurship in small businesses? How does the top management in small firms perceive the processes associated with strategy formulation? How are business strategies formulated and implemented in SMEs and importantly, are there lessons that can be learnt by large corporations from the smaller ones? Using a sample covering a wide range of entrepreneurial firms in the UK, the author addresses the lack of strategic thinking in the management of small firms and provides recommendations for effective strategic management processes.