Publisher's Synopsis
Since the late 1980s, economic power has become progressively concentrated within a number of industries at an international level, with mergers and acquisitions undertaken by large multinational firms establishing even larger conglomerates. Where, then, does this trend leave the small and medium-sized firms (SMEs)? - - This volume examines the changing role of SMEs in this globalising world economy. This role is most often explained by a model of local growth which emphasizes learning, networking and 'embeddedness'. - - They address significant issues including: the impact of regulation; power relationships and supply chain management; competitive advantage; technological change and obsolescence; 'learning', knowledge transfers and resource bases; and managerial issues. In doing so, the volume provides a more balanced and comprehensive understanding of how best SMEs might be developed.
