Strategic Management of Small Firms in the UK: Dissertation 2014

This dissertation explores the strategic management practices of small firms in the UK, focusing on identifying sources of competitive advantage and the influence of strategic management on SME growth. The research employs a primary research strategy, utilizing an electronic questionnaire distributed to the top 100 SMEs in the UK based on profitability. The study investigates various growth strategies employed by SMEs, including the introduction of new products and technologies, and examines the resources invested in different market segments to achieve a competitive edge. Key findings reveal the importance of technology, employee expertise, customer satisfaction, and skilled manpower in driving SME success. The research also addresses obstacles to business growth and provides a framework for analyzing strategic management aspects within small firms, offering insights for both entrepreneurial ventures and established businesses. Desklib provides access to this and other solved assignments for students.