Strategy formulation in SMEs is very similar to the strategy formulation in MNEs

Name: Strategy formulation in SMEs is very similar to the strategy formulation in MNEs
Brand: Quizplus
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Question

Quizplus · Accepted Answer

It is important to recognize that when we are considering smaller or nonmanufacturing firms there may be significant differences in the ways in which strategies are developed. These variations result from differences in firm and industry characteristics.

Strategy Formulation in SMEs Is Very Similar to the Strategy