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Challenges for growing SMEs: A managerial perspective
Department of Management and Engineering, Linköping University, Linköping, Sweden.
Örebro University, Örebro University School of Business.ORCID iD: 0000-0002-9448-2359
Department of Management and Engineering, Linköping University, Linköping, Sweden.
2024 (English)In: Journal of small business management (Print), ISSN 0047-2778, E-ISSN 1540-627X, Vol. 62, no 2, p. 700-723Article in journal (Refereed) Published
Abstract [en]

The pursuit of growth is a key endeavor of all types of firms, but it is particularly important for SMEs. From a managerial perspective, growing SMEs face a wide range of challenges; this study proposes a broad framework that emphasizes not only the various types of managerial challenges, but also the importance of taking a balanced, broad approach to facing them. In a qualitative study of 44 Swedish SMEs, the researchers identify, map, and aggregate distinct challenges to SME growth, proposing three overarching themes - business model, leadership, and people. Multiple lower-level categories and individual challenges make up each of these themes suggesting that firms that seek to excel in growth should be aware of and manage all three themes in a balanced manner. This research provides insights into each theme and potential consequences for SMEs; it also offers an overarching, integrative perspective on SME growth challenges opening future research avenues.

Place, publisher, year, edition, pages
Routledge, 2024. Vol. 62, no 2, p. 700-723
Keywords [en]
Growth, challenges, business model, leadership, strategy
National Category
Economics
Identifiers
URN: urn:nbn:se:oru:diva-99672DOI: 10.1080/00472778.2022.2082456ISI: 000809532200001Scopus ID: 2-s2.0-85131685760OAI: oai:DiVA.org:oru-99672DiVA, id: diva2:1673499
Available from: 2022-06-21 Created: 2022-06-21 Last updated: 2024-06-17Bibliographically approved

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Carlborg, Per

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  • de-DE
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