Electronic Resource
Bradford
:
Emerald
Journal of small business & enterprise development
8 (2001), S. 275-285
ISSN:
1462-6004
Source:
Emerald Fulltext Archive Database 1994-2005
Topics:
Economics
Notes:
This paper develops a typology of strategic options for small firms in the furniture industry and examines the extent to which firms are re-engineering their strategies in response to profit performance. Empirical analysis is based on data from 39 firms with between 10 and 100 employees in the Irish furniture industry. Three main results emerge from the analysis. First, firms in the Irish furniture industry predominantly adopt "simple" business development strategies. Secondly, in terms of profit performance, we find no evidence that simple strategies unambiguously outperform more complex approaches. Instead, the success of both simple and complex business strategies is directly related to the strength of firms' resource base. Finally, systematic differences were found in firms' ability or willingness to re-engineer their strategies in the light of their profit performance.
Type of Medium:
Electronic Resource
URL:
http://dx.doi.org/10.1108/EUM0000000006826
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