Currently published as: Management Research Review
Online from: 1978
Subject Area: Accounting and Finance
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|Title:||Team-managed growing SMEs: a distinct species?|
|Author(s):||Mika Pasanen, (Department of Business and Management, University of Kuopio, Kuopio, Finland), Tommi Laukkanen, (Department of Business and Management, University of Kuopio, Kuopio, Finland)|
|Citation:||Mika Pasanen, Tommi Laukkanen, (2006) "Team-managed growing SMEs: a distinct species?", Management Research News, Vol. 29 Iss: 11, pp.684 - 700|
|Keywords:||Business development, Entrepreneurialism, Performance management, Small to medium-sized organizations, Strategic management, Team working|
|Article type:||Research paper|
|DOI:||10.1108/01409170610716007 (Permanent URL)|
|Publisher:||Emerald Group Publishing Limited|
Purpose – The aim of this article is to identify strategic factors differentiating team-managed growing small and medium enterprises (SMEs) and individually managed growing SMEs.
Design/methodology/approach – The study took a holistic and wide-ranging approach to factors affecting SME growth and performance, and analyzed the data of 63 team-managed SMEs and 45 individually managed SMEs.
Findings – The main finding was that there are few differences between team-managed growing SMEs and individually managed growing SMEs. Moreover, the variables differing between the two groups of SMEs were not related to firm performance outcomes or strategic choices made by the firms. In addition, the effect of team for strategic choices is not associated with the size of an SME.
Research limitations/implications – The study focused on growing established SMEs. The findings question the impact of team for firm performance and strategies in the context of growing SMEs. This suggests that the role of team management in the context of growing SMEs can be different from the role in other contexts. However, the study has several limitations which may affect the results.
Practical implications – The strategies employed by growing SMEs are not dependent on whether the firm is managed by a team or by a solo entrepreneur.
Originality/value – The findings suggest that team-managed growing SMEs are not a distinct species among growth SMEs. There are no differences in firm performance or strategic choices between team-managed growing SMEs and individually managed growing SMEs.
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