Conclusions and Lessons Learnt

Densil A. Williams
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Densil A. Williams: University of the West Indies

Chapter 8 in Competing against Multinationals in Emerging Markets: Case Studies of SMEs in the Manufacturing Sector, 2015, pp 114-125 from Palgrave Macmillan

Abstract: Abstract The Conclusions and Lessons Learnt chapter provides a synthesis of the material covered in the text and highlights the common lessons that lead to the survival and prosperity of all the small firms that participated in the study. The chapter puts forward the following as common lessons that have resulted in small firms that compete against multinationals in the manufacturing sector from emerging economies, surviving and prospering as: networking with larger enterprises, brand building, intimate knowledge of products and line of business, diversification of markets and meeting customer needs, and forward thinking and strategic leadership. These important attributes can be replicated across all firms and should be encouraged if smaller firms are to survive in an inhospitable sector.

Keywords: Caribbean Region; Lesson Learn; Intimate Knowledge; Strategic Leadership; Successful Entrepreneur (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-50032-8_8

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DOI: 10.1057/9781137500328_8

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