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Management team and technology strategy for success of high- growth SMEs

Author

Listed:
  • Daniel Tarka

    (University of Greenwich, London)

  • Kanes Rajah

    (University of Greenwich,London)

Abstract

This article explores two of the five major factors that determine success in high-growth small and medium-sized enterprises (SMEs). Research has shown that the internal characteristics of SMEs such as technology strategy and the demographics of the management team are critical and related to the organisational success. High-growth SMEs have been defined as innovative technology companies that introduce new products or services, opening new channels of distribution, pioneering novel production methods and management approaches. A sectorial classification* of “high technology” industries developed at the Department of Trade and Industry was used as a basis for selecting the sample in the study. This embraces the communications, IT, computing, biotechnology, electronics, and medical / life sciences industries.

Suggested Citation

  • Daniel Tarka & Kanes Rajah, 2005. "Management team and technology strategy for success of high- growth SMEs," Macroeconomics 0506006, University Library of Munich, Germany.
  • Handle: RePEc:wpa:wuwpma:0506006
    Note: Type of Document - doc; pages: 17. 17 pages,figures,word
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    References listed on IDEAS

    as
    1. Black, Bernard S. & Gilson, Ronald J., 1998. "Venture capital and the structure of capital markets: banks versus stock markets," Journal of Financial Economics, Elsevier, vol. 47(3), pages 243-277, March.
    2. Michael L. Katz & Carl Shapiro, 1994. "Systems Competition and Network Effects," Journal of Economic Perspectives, American Economic Association, vol. 8(2), pages 93-115, Spring.
    3. Michael J. Dowling & Jeffrey E. McGee, 1994. "Business and Technology Strategies and New Venture Performance: A Study of the Telecommunications Equipment Industry," Management Science, INFORMS, vol. 40(12), pages 1663-1677, December.
    4. Birley, Sue, 1985. "The role of networks in the entrepreneurial process," Journal of Business Venturing, Elsevier, vol. 1(1), pages 107-117.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Small firms; success; high-growth; technology strategy; management team.;

    JEL classification:

    • E - Macroeconomics and Monetary Economics

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