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Adaptation and Resource Management in the Small-Medium Firm

Author

Listed:
  • Chris Hendry

    (City University Business School, London)

  • Michael Arthur

    (Suffolk University, Boston;)

  • Allan Jones

    (Centre for Corporate Strategy and Change, University of Warwick, UK)

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.

Suggested Citation

  • Chris Hendry & Michael Arthur & Allan Jones, 1995. "Adaptation and Resource Management in the Small-Medium Firm," Journal of Entrepreneurship and Innovation in Emerging Economies, Entrepreneurship Development Institute of India, vol. 4(2), pages 165-184, September.
    • Handle: RePEc:sae:jouent:v:4:y:1995:i:2:p:165-184
    DOI: 10.1177/097135579500400202
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