Research shows strategic management in small firms is more formal than in large firms.

Question

Quizplus · Accepted Answer

Research suggests that small firms typically have a less formal approach to strategic management compared to large firms. This is because small firms often operate with fewer resources and have a more flexible organizational structure, which can make it difficult to implement formal strategic management processes. However, some small firms may adopt more formal strategic management practices as they grow and become more complex.

Research Shows Strategic Management in Small Firms Is More Formal