SMEs and strategy development: The impact of leadership and internal and external factors

Abstract

Purpose

This paper aims to review the latest management developments across the globe and pinpoint practical implications from cutting-edge research and case studies.

Design/methodology/approach

This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context.

Findings

Scope for SMEs to impact on economic development is significantly enhanced when effective strategies are deployed. Creation of adaptive strategy types that are aligned with important leadership vision can better enable such firms to perform effectively within an operating environment subject to frequent change.

Originality/value

The briefing saves busy executives and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy-to-digest format.

Citation

(2020), "SMEs and strategy development: The impact of leadership and internal and external factors", Strategic Direction, Vol. 36 No. 3, pp. 11-13. https://doi.org/10.1108/SD-12-2019-0234