Adaptation and Resource Management in the Small-Medium Firm

Chris Hendry, Michael Arthur and Allan Jones
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Chris Hendry: City University Business School, London
Michael Arthur: Suffolk University, Boston;
Allan Jones: Centre for Corporate Strategy and Change, University of Warwick, UK

Journal of Entrepreneurship and Innovation in Emerging Economies, 1995, vol. 4, issue 2, 165-184

Abstract: This paper seeks to provide some practical insights into how smaller firms can grow. At the same time, it questions the current emphasis on entre preneurship as 'the relentless pursuit of opportunity without regard to resources currently controlled'. To achieve its objective, the paper locates the growth challenge for small firms in the initial resource conditions they set up for themselves through successful start-up, and suggests that more radical product-market initiatives are generated in response to internal resource issues. Primary orientation to the external environment drives only incremental development.

Date: 1995
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Persistent link: https://EconPapers.repec.org/RePEc:sae:jouent:v:4:y:1995:i:2:p:165-184

DOI: 10.1177/097135579500400202

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