Welcome to the InfoSci Platform
Strategy Formulation and Organizational Structure in SMEs: Taking Business Models beyond the Hands of the Founders

Strategy Formulation and Organizational Structure in SMEs: Taking Business Models beyond the Hands of the Founders

Guilherme de Farias Shiraishi, Saulo Dubard Barbosa
Copyright: © 2015 |Pages: 12
ISBN13: 9781466683488|ISBN10: 1466683481|EISBN13: 9781466683495
DOI: 10.4018/978-1-4666-8348-8.ch035
Cite Chapter Cite Chapter

MLA

Shiraishi, Guilherme de Farias, and Saulo Dubard Barbosa. "Strategy Formulation and Organizational Structure in SMEs: Taking Business Models beyond the Hands of the Founders." Handbook of Research on Global Competitive Advantage through Innovation and Entrepreneurship, edited by Luís M. Carmo Farinha, et al., IGI Global, 2015, pp. 658-669. https://doi.org/10.4018/978-1-4666-8348-8.ch035

APA

Shiraishi, G. D. & Barbosa, S. D. (2015). Strategy Formulation and Organizational Structure in SMEs: Taking Business Models beyond the Hands of the Founders. In L. Carmo Farinha, J. Ferreira, H. Smith, & S. Bagchi-Sen (Eds.), Handbook of Research on Global Competitive Advantage through Innovation and Entrepreneurship (pp. 658-669). IGI Global. https://doi.org/10.4018/978-1-4666-8348-8.ch035

Chicago

Shiraishi, Guilherme de Farias, and Saulo Dubard Barbosa. "Strategy Formulation and Organizational Structure in SMEs: Taking Business Models beyond the Hands of the Founders." In Handbook of Research on Global Competitive Advantage through Innovation and Entrepreneurship, edited by Luís M. Carmo Farinha, et al., 658-669. Hershey, PA: IGI Global, 2015. https://doi.org/10.4018/978-1-4666-8348-8.ch035

Export Reference

Mendeley
Favorite

Abstract

One of the biggest challenges faced by small and medium enterprises (SMEs) concerns the capacity of the entrepreneur to formulate strategies within a formal organizational structure. Very often, important knowledge about the business remains solely in the deeper levels of the entrepreneur's mind and cannot be accessed by any stakeholder. As a result, many of the good ideas that entrepreneurs have end up dying with them. This hinders business growth, business model replication, and successful succession in family businesses and SME's in general. Therefore, it is important to investigate ways to structure within the firm the strategies generated in the entrepreneur's mind, in order to prepare SMEs for growth and long-term sustainability, above and beyond the minds, hands, and lives of their founders. Our chapter explores this general theme by offering methodological insights on how to extract and formalize the tacit knowledge coming from SME founders. We focus on the formulation of strategies based on the marketing knowledge and life experience of the entrepreneur.

Request Access

You do not own this content. Please login to recommend this title to your institution's librarian or purchase it from the IGI Global bookstore.