Small firms can adopt strategies that will help them grow. Typically, these do not include

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Concentrating on overseas markets might not be a typical strategy for small firms looking to grow, especially in the initial stages. This is because expanding into overseas markets requires significant resources, understanding of foreign markets, compliance with international regulations, and potentially large financial investments, which might be challenging for small firms. Strategies like workforce and management training, product innovation, and the use of external finance are more commonly adopted by small firms aiming for growth, as they are more manageable and directly contribute to enhancing the firm's capabilities and offerings.

Small Firms Can Adopt Strategies That Will Help Them Grow