Strategic management practices in small and medium enterprises: A comprehensive systematic literature review
-
Mesfin Gezahegn(1*)
Addis Ababa University Library, Addis Ababa University
-
Kiruble Bruck(2)
Department of Logistics & Supply Chain Management, College of Business & Economics, School of Commerce, Addis Ababa University
(*) Corresponding Author
Keywords:
Small Business, Strategic Management, Strategic Planning
Abstract
This research examines the extent to which small and medium-sized enterprises (SMEs) adopt strategic management practices throughout their organizational life cycle and identifies the key determinants influencing the selection of such practices. Given the critical role of SMEs in economic development and employment generation, understanding how these firms formulate and implement strategies is essential for enhancing their competitiveness and long-term sustainability. Employing a systematic literature review approach based on the PRISMA protocol, the study synthesizes evidence from research published between 2014 and 2024 in leading journals focusing on strategic management and small business management. The findings reveal that SMEs generally adopt less formalized and less structured strategic management processes than large corporations, primarily due to resource constraints, organizational flexibility, and managerial characteristics. However, SMEs compensate for this limitation through a greater reliance on visionary leadership, entrepreneurial orientation, and informal strategic decision-making processes that enable rapid adaptation to changing market conditions. The review further identifies a range of contextual and organizational factors that shape strategic management practices within SMEs, highlighting the unique nature of strategy formulation in smaller firms. By consolidating contemporary evidence on strategic management in SMEs, this study adds to the growing body of literature in strategic management and entrepreneurship.and provides a foundation for future research aimed at exploring the evolution, effectiveness, and contextual variations of strategic practices across different SME settings.
Keywords: Small Business; Strategic Management; Strategic Planning
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References
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Addae-Korankye, A., & Aryee, B. A. (2021). The relationship between strategic management practices and the growth of small and medium enterprises (SMEs) in Ghana. Business: Theory and Practice, 22(1), 222–230.
https://doi.org/10.3846/btp.2021.12549
Akbar, Y. R., & Nefrida. (2021). The Role of the Government in Strategic Management and Orientation of Entrepreneurship To Small Medium Enterprise Business Performance. Asian Journal of Advances in Research, 6(3), 27–36.
Ali, M., & Qun, W. (2019). Strategic Management Practices and Performance of the Sme S in Bangladesh. International Journal of Advanced Research, 7(1), 69–78. https://doi.org/10.21474/ijar01/8298
Becheikh, N., & Bouaddi, M. (2024). Do strategic management, innovation and social capital matter for firm performance in developing countries? Evidence from Morocco, Tunisia and Egypt. International Journal of Emerging Markets, 1746–8809. https://doi.org/10.1108/IJOEM-04-2023-0575
Charles, N. A., Ojera, P. B., & David, O. (2015). Factors influencing choice of strategic management modes of small enterprises. Journal of Innovation and Entrepreneurship, 4(1). https://doi.org/10.1186/s13731-014-0016-y
Crossan, M. M., & Apaydin, M. (2010). A multi-dimensional framework of organizational innovation: A systematic review of the literature. Journal of Management Studies, 47(6), 1154–1191. https://doi.org/10.1111/j.1467-6486.2009.00880.x
Dibrell, C., Craig, J. B., & Neubaum, D. O. (2014). Linking the formal strategic planning process , planning flexibility, and innovativeness to firm performance. Journal of Business Research, 67(9), 2000–2007.
https://doi.org/10.1016/j.jbusres.2013.10.011
Donkor, J., Donkor, G. N. A., & Kwarteng, C. K. (2018). Strategic planning and performance of SMEs in Ghana The moderating effect of market dynamism. Asia Pacific Journal of Innovation and Entrepreneurship, 12(1), 62–76. https://doi.org/10.1108/apjie-10-2017-0035
Dubihlela, J., & Sandada, M. (2014). Impact of Strategic Planning on Small and Medium-Sized Enterprises’ (SMEs)Performance: The Role of Employee Participation, Implementation Incentives and Evaluation and Control. Journal of Economics, 5(1), 45–55. https://doi.org/10.1080/09765239.2014.11884983
Durmaz, Y., & Dusun, Z. D. (2016). The Importance Of Strategic Management In Business. Expert Journal of Business and Management, 4(1), 38–45. https://doi.org/10.26449/sssj.2063
Dwikat, S. Y., Arshad, D., & Mohd Shariff, M. N. (2022). The Influence of Systematic Strategic Planning and Strategic Business Innovation on the Sustainable Performance of Manufacturing SMEs: The Case of Palestine. Sustainability (Switzerland), 14(20), 1–26. https://doi.org/10.3390/su142013388
Ekon, B., & Isayas, B. (2022). Factors impacting Strategic Management Practices Among SMEs in Nigeria. African Economic and Management Review, 2(1), 40–49. https://doi.org/10.53790/aemr.v2i1.31
Endris, E., & Kassegn, A. (2022). The role of micro, small and medium enterprises (MSMEs) to the sustainable development of sub-Saharan Africa and its challenges: a systematic review of evidence from Ethiopia. Journal of Innovation and Entrepreneurship, 11(1). https://doi.org/10.1186/s13731-022-00221-8
Frantz, E., Dugan, A., Hinchberger, K., Maseth, B., Sharfa, O. Al, & Al-jaroodi, J. (2017). SMEs : The Effects of Strategic Management. IEEE Technology & Engineering Management Conference, 1–6.
Fuertes, G., Alfaro, M., Vargas, M., Gutierrez, S., Ternero, R., & Sabattin, J. (2020). Conceptual Framework for the Strategic Management: A Literature Review - Descriptive. Journal of Engineering (United Kingdom), 2020.
https://doi.org/10.1155/2020/6253013
Gavurova, B., Cepel, M., Belas, J., & Dvorsky, J. (2020). Strategic Management in SMEs and Its Significance for Enhancing the Competitiveness in the V4 Countries - A Comparative Analysis. Management & Marketing. Challenges for the Knowledge Society, 15(4), 557–569. https://doi.org/10.2478/mmcks-2020-0032.558
Harris, M. L., Gibson, S. G., & Mcdowell, W. C. (2014). The Impact of Strategic Focus and Previous Business Experience on Small Business Performance. Journal of Small Business Strategy, 24(1), 29–45.
Ibrahim, B. (2019). The Impact of Strategic Planning on Growth of Small Businesses in Nigeria . SEISENSE Journal of Management, 2(1), 69–84.
Ivanova, A. S., Holionko, N. G., Tverdushka, T. B., Olejarz, T., & Yakymchuk, A. Y. (2019). The strategic management in terms of an enterprise’s technological development. Journal of Competitiveness, 11(4), 40–56. https://doi.org/10.7441/joc.2019.04.03
Karadag, H. (2015). Financial Management Challenges In Small And Medium-Sized Enterprises: A Strategic Management Approach. EMAJ: Emerging Markets Journal, 5(1), 26–40. https://doi.org/10.5195/emaj.2015.67
Kraus, S., & Dasí-rodríguez, S. (2020). The art of crafting a systematic literature review in entrepreneurship research. International Entrepreneurship and Management Journal, 16, 1023–1042. https://doi.org/https://doi.org/10.1007/s11365-020-00635-4.
Kraus, S., Reiche, B. S., & Reschke, C. H. (2014). The Role of Strategic Planning in SMEs : Literature Review and Implications. Annual Meeting of the British Academy of Management, Oxford, UK, September 13-15, January 2005, 1–22.
Kulkarni, P., Mutkekar, R., & Ingalagi, S. (2020). Role of strategic management for employee engagement and skill development for start-ups. XIMB Journal of Management, 17(1), 79–95. https://doi.org/10.1108/XJM-07-2020-0036
Kumar, B. S. (2021). Effect of Strategic Management Practices on Performance of pharmaceutical companies in India. Journal of Strategic Management, 5(3), 44–54.
Kwasira, J., & Sopha, S. I. (2016). Influence of Strategic Management Practices On Performance of Small Scale Enterprises in the County Government of Trans Nzoia County. IOSR Journal of Business and Management, 18(09), 87–103. https://doi.org/10.9790/487x-18090187103
Majama, N. S., & Israel, T. (2017). Strategic Planning in Small and Medium Enterprises (SMEs): A Case Study of Botswana SMEs. Journal of Management and Strategy, 8(1), 74. https://doi.org/10.5430/jms.v8n1p74
Marn, J. T. K., Hin, C. W., & Bohari, A. M. (2016). Antecedents of Strategic Planning of Small and Medium-sized Enterprises in Malaysia : The Influence of Ownership Motivations and Environmental Uncertainty. International Review of Management and Marketing, 6(S7), 270–276.
Me, A. (2018). Analysis of the Impact of Strategic Management on the Business Performance of Smes in Nigeria. Academy of Strategic Management Journal, 17(1), 1–20.
Meres, M. (2019). The Effect of Strategic Management Practices on the institutional Performance; the case of Dedebit credit and saving institution in Eastern Tigray. SocioEconomic Challenges, 3(3), 80–97. https://doi.org/10.21272/sec.3(3).80-97.2019
Mihaylova, L., & Papazov, E. (2024). Strategic Management of Small and Medium-Sized Enterprises - Is There Space for Functional Strategies ? TEM JOURNAL, 13(2), 1277–1282. https://doi.org/10.18421/TEM132
Mosoti, Z. M., & Kamau, M. E. (2014). Assesing the Implication of Strategic Planning On Performance Of Small Sized Organizations : A Case Study Of Small Enterprises in Thika Town. Journal of Research in Business and Management, 2(3), 1–13.
Mulyaningsih, M., Danial, R. D. M., Komariah, K., Firdausijah, R. T., & Yuniarti, Y. (2021). The effect of strategic planning on competitive advantages of small and medium enterprises. Management Science Letters, 11, 411–416. https://doi.org/10.5267/j.msl.2020.9.028
Mutemi, B. M., Maina, R., & Wanyoike, N. D. (2014). Strategic Management Practices and Performance of Small Scale Enterprises in Kitui Town in Kenya. International Journal of Science Commerce and Humanities, 2(4), 249–259.
Okeke, M. ., Onuorah, A. ., & Jakpa, U. . (2015). Impact of Strategic Management on the Performance of Small and Medium Scale. Journal of Sustainable Development in Africa, 17(1), 113–126.
Otieno, D. O., Namusonge, G. S., & Mugambii, F. (2022). Effect of Strategic Management on the Performance of Small and Medium Enterprises in FCT-Abuja. International Journal of Arts and Commerce, 3(5), 86–97.
Pavlak, M., & Pisar, P. (2020). Strategic management controlling system and its importance for SMEs in the EU. Problems and Perspectives in Management, 18(3), 362–372. https://doi.org/10.21511/ppm.18(3).2020.30
Porter, M. E. (1980). COMPETITIVE STRATEGY Techniques for Analyzing Industries and Competitors With. The Free Press.
Sanchez-Rodriguez, A., Perez-Campdesuner, R., Martinez-Vivar, R., & Guzman-Vila, L. (2024). Understanding the obstacles to successful strategic management implementation in Ecuadorian SMEs. Problems and Perspectives in Management, 22(3), 616–627. https://doi.org/10.21511/ppm.22(3).2024.47
Sari, R. K., Alfarizi, M., & Ab Talib, M. S. (2024). Sustainable strategic planning and management influence on sustainable performance: findings from halal culinary MSMEs in Southeast Asia. Journal of Modelling in Management, 2034–2060. https://doi.org/10.1108/JM2-12-2023-0324
Siddique, C. M. (2015). A Comparative Study of Strategic Planning Practices of SMEs and Large‐Sized Business Organizations in Emerging Economies: The Case of UAE. Strategic Change, 24, 553–567. https://doi.org/10.1002/jsc
Smith, A., Williams, R. I., Aaron, J. R., Manley, S. C., & McDowell, W. C. (2020). Small business strategic management practices and performance: A configurational approach. Economic Research-Ekonomska Istrazivanja, 33(1), 2378–2396.
https://doi.org/10.1080/1331677X.2019.1677488
Suleiman, A., Mohammed, K. A., & Owoicho, D. A. (2022). Effect of Strategic Management on the Performance of Small and Medium Enterprises in FCT-Abuja. Direct Research Journal of Management and Strategic Studies, 3(5), 86–97.
Teece, D. J., Pisano, G., & Shuen, A. (2007). MANAGEMENT. 18(7), 509–533.
Tranfield, D., Denyer, D., & Smart, P. (2003). Towards a Methodology for Developing Evidence-Informed Management Knowledge by Means of Systematic Review *. British Journal of Managemen, 14, 207–223.
Tuffuor, G. O., Owusu Kwateng, K., Tetteh, F. K., Kankam-Kwarteng, C., & Kwakye, B. (2024). Design management capabilities and performance of small and medium-scale enterprises. Journal of Innovation and Entrepreneurship, 14(1). https://doi.org/10.1186/s13731-024-00457-6
Vuong, T. K. (2025). The impact of strategic management on organizational creativity and its influence on the financial performance of SMEs. Journal of Entrepreneurship, Management and Innovation, 21(1), 43–57. https://doi.org/10.7341/20252113
Wan, J., Wang, L., Saade, R., Guan, H., & Liu, H. (2022). Empirical Analysis of Strategic Management in Inter-Governmental Organization. Administrative Sciences, 12(3). https://doi.org/10.3390/admsci12030083
Williams, R. I., Smith, A., Aaron, J. R., Manley, S. C., & McDowell, W. C. (2019). Small business strategic management practices and performance: A configurational approach. Economic Research-Ekonomska Istrazivanja, 33(1), 2378–2396.
https://doi.org/10.1080/1331677X.2019.1677488
Addae-Korankye, A., & Aryee, B. A. (2021). The relationship between strategic management practices and the growth of small and medium enterprises (SMEs) in Ghana. Business: Theory and Practice, 22(1), 222–230.
https://doi.org/10.3846/btp.2021.12549
Akbar, Y. R., & Nefrida. (2021). The Role of the Government in Strategic Management and Orientation of Entrepreneurship To Small Medium Enterprise Business Performance. Asian Journal of Advances in Research, 6(3), 27–36.
Ali, M., & Qun, W. (2019). Strategic Management Practices and Performance of the Sme S in Bangladesh. International Journal of Advanced Research, 7(1), 69–78. https://doi.org/10.21474/ijar01/8298
Becheikh, N., & Bouaddi, M. (2024). Do strategic management, innovation and social capital matter for firm performance in developing countries? Evidence from Morocco, Tunisia and Egypt. International Journal of Emerging Markets, 1746–8809. https://doi.org/10.1108/IJOEM-04-2023-0575
Charles, N. A., Ojera, P. B., & David, O. (2015). Factors influencing choice of strategic management modes of small enterprises. Journal of Innovation and Entrepreneurship, 4(1). https://doi.org/10.1186/s13731-014-0016-y
Crossan, M. M., & Apaydin, M. (2010). A multi-dimensional framework of organizational innovation: A systematic review of the literature. Journal of Management Studies, 47(6), 1154–1191. https://doi.org/10.1111/j.1467-6486.2009.00880.x
Dibrell, C., Craig, J. B., & Neubaum, D. O. (2014). Linking the formal strategic planning process , planning flexibility, and innovativeness to firm performance. Journal of Business Research, 67(9), 2000–2007.
https://doi.org/10.1016/j.jbusres.2013.10.011
Donkor, J., Donkor, G. N. A., & Kwarteng, C. K. (2018). Strategic planning and performance of SMEs in Ghana The moderating effect of market dynamism. Asia Pacific Journal of Innovation and Entrepreneurship, 12(1), 62–76. https://doi.org/10.1108/apjie-10-2017-0035
Dubihlela, J., & Sandada, M. (2014). Impact of Strategic Planning on Small and Medium-Sized Enterprises’ (SMEs)Performance: The Role of Employee Participation, Implementation Incentives and Evaluation and Control. Journal of Economics, 5(1), 45–55. https://doi.org/10.1080/09765239.2014.11884983
Durmaz, Y., & Dusun, Z. D. (2016). The Importance Of Strategic Management In Business. Expert Journal of Business and Management, 4(1), 38–45. https://doi.org/10.26449/sssj.2063
Dwikat, S. Y., Arshad, D., & Mohd Shariff, M. N. (2022). The Influence of Systematic Strategic Planning and Strategic Business Innovation on the Sustainable Performance of Manufacturing SMEs: The Case of Palestine. Sustainability (Switzerland), 14(20), 1–26. https://doi.org/10.3390/su142013388
Ekon, B., & Isayas, B. (2022). Factors impacting Strategic Management Practices Among SMEs in Nigeria. African Economic and Management Review, 2(1), 40–49. https://doi.org/10.53790/aemr.v2i1.31
Endris, E., & Kassegn, A. (2022). The role of micro, small and medium enterprises (MSMEs) to the sustainable development of sub-Saharan Africa and its challenges: a systematic review of evidence from Ethiopia. Journal of Innovation and Entrepreneurship, 11(1). https://doi.org/10.1186/s13731-022-00221-8
Frantz, E., Dugan, A., Hinchberger, K., Maseth, B., Sharfa, O. Al, & Al-jaroodi, J. (2017). SMEs : The Effects of Strategic Management. IEEE Technology & Engineering Management Conference, 1–6.
Fuertes, G., Alfaro, M., Vargas, M., Gutierrez, S., Ternero, R., & Sabattin, J. (2020). Conceptual Framework for the Strategic Management: A Literature Review - Descriptive. Journal of Engineering (United Kingdom), 2020.
https://doi.org/10.1155/2020/6253013
Gavurova, B., Cepel, M., Belas, J., & Dvorsky, J. (2020). Strategic Management in SMEs and Its Significance for Enhancing the Competitiveness in the V4 Countries - A Comparative Analysis. Management & Marketing. Challenges for the Knowledge Society, 15(4), 557–569. https://doi.org/10.2478/mmcks-2020-0032.558
Harris, M. L., Gibson, S. G., & Mcdowell, W. C. (2014). The Impact of Strategic Focus and Previous Business Experience on Small Business Performance. Journal of Small Business Strategy, 24(1), 29–45.
Ibrahim, B. (2019). The Impact of Strategic Planning on Growth of Small Businesses in Nigeria . SEISENSE Journal of Management, 2(1), 69–84.
Ivanova, A. S., Holionko, N. G., Tverdushka, T. B., Olejarz, T., & Yakymchuk, A. Y. (2019). The strategic management in terms of an enterprise’s technological development. Journal of Competitiveness, 11(4), 40–56. https://doi.org/10.7441/joc.2019.04.03
Karadag, H. (2015). Financial Management Challenges In Small And Medium-Sized Enterprises: A Strategic Management Approach. EMAJ: Emerging Markets Journal, 5(1), 26–40. https://doi.org/10.5195/emaj.2015.67
Kraus, S., & Dasí-rodríguez, S. (2020). The art of crafting a systematic literature review in entrepreneurship research. International Entrepreneurship and Management Journal, 16, 1023–1042. https://doi.org/https://doi.org/10.1007/s11365-020-00635-4.
Kraus, S., Reiche, B. S., & Reschke, C. H. (2014). The Role of Strategic Planning in SMEs : Literature Review and Implications. Annual Meeting of the British Academy of Management, Oxford, UK, September 13-15, January 2005, 1–22.
Kulkarni, P., Mutkekar, R., & Ingalagi, S. (2020). Role of strategic management for employee engagement and skill development for start-ups. XIMB Journal of Management, 17(1), 79–95. https://doi.org/10.1108/XJM-07-2020-0036
Kumar, B. S. (2021). Effect of Strategic Management Practices on Performance of pharmaceutical companies in India. Journal of Strategic Management, 5(3), 44–54.
Kwasira, J., & Sopha, S. I. (2016). Influence of Strategic Management Practices On Performance of Small Scale Enterprises in the County Government of Trans Nzoia County. IOSR Journal of Business and Management, 18(09), 87–103. https://doi.org/10.9790/487x-18090187103
Majama, N. S., & Israel, T. (2017). Strategic Planning in Small and Medium Enterprises (SMEs): A Case Study of Botswana SMEs. Journal of Management and Strategy, 8(1), 74. https://doi.org/10.5430/jms.v8n1p74
Marn, J. T. K., Hin, C. W., & Bohari, A. M. (2016). Antecedents of Strategic Planning of Small and Medium-sized Enterprises in Malaysia : The Influence of Ownership Motivations and Environmental Uncertainty. International Review of Management and Marketing, 6(S7), 270–276.
Me, A. (2018). Analysis of the Impact of Strategic Management on the Business Performance of Smes in Nigeria. Academy of Strategic Management Journal, 17(1), 1–20.
Meres, M. (2019). The Effect of Strategic Management Practices on the institutional Performance; the case of Dedebit credit and saving institution in Eastern Tigray. SocioEconomic Challenges, 3(3), 80–97. https://doi.org/10.21272/sec.3(3).80-97.2019
Mihaylova, L., & Papazov, E. (2024). Strategic Management of Small and Medium-Sized Enterprises - Is There Space for Functional Strategies ? TEM JOURNAL, 13(2), 1277–1282. https://doi.org/10.18421/TEM132
Mosoti, Z. M., & Kamau, M. E. (2014). Assesing the Implication of Strategic Planning On Performance Of Small Sized Organizations : A Case Study Of Small Enterprises in Thika Town. Journal of Research in Business and Management, 2(3), 1–13.
Mulyaningsih, M., Danial, R. D. M., Komariah, K., Firdausijah, R. T., & Yuniarti, Y. (2021). The effect of strategic planning on competitive advantages of small and medium enterprises. Management Science Letters, 11, 411–416. https://doi.org/10.5267/j.msl.2020.9.028
Mutemi, B. M., Maina, R., & Wanyoike, N. D. (2014). Strategic Management Practices and Performance of Small Scale Enterprises in Kitui Town in Kenya. International Journal of Science Commerce and Humanities, 2(4), 249–259.
Okeke, M. ., Onuorah, A. ., & Jakpa, U. . (2015). Impact of Strategic Management on the Performance of Small and Medium Scale. Journal of Sustainable Development in Africa, 17(1), 113–126.
Otieno, D. O., Namusonge, G. S., & Mugambii, F. (2022). Effect of Strategic Management on the Performance of Small and Medium Enterprises in FCT-Abuja. International Journal of Arts and Commerce, 3(5), 86–97.
Pavlak, M., & Pisar, P. (2020). Strategic management controlling system and its importance for SMEs in the EU. Problems and Perspectives in Management, 18(3), 362–372. https://doi.org/10.21511/ppm.18(3).2020.30
Porter, M. E. (1980). COMPETITIVE STRATEGY Techniques for Analyzing Industries and Competitors With. The Free Press.
Sanchez-Rodriguez, A., Perez-Campdesuner, R., Martinez-Vivar, R., & Guzman-Vila, L. (2024). Understanding the obstacles to successful strategic management implementation in Ecuadorian SMEs. Problems and Perspectives in Management, 22(3), 616–627. https://doi.org/10.21511/ppm.22(3).2024.47
Sari, R. K., Alfarizi, M., & Ab Talib, M. S. (2024). Sustainable strategic planning and management influence on sustainable performance: findings from halal culinary MSMEs in Southeast Asia. Journal of Modelling in Management, 2034–2060. https://doi.org/10.1108/JM2-12-2023-0324
Siddique, C. M. (2015). A Comparative Study of Strategic Planning Practices of SMEs and Large‐Sized Business Organizations in Emerging Economies: The Case of UAE. Strategic Change, 24, 553–567. https://doi.org/10.1002/jsc
Smith, A., Williams, R. I., Aaron, J. R., Manley, S. C., & McDowell, W. C. (2020). Small business strategic management practices and performance: A configurational approach. Economic Research-Ekonomska Istrazivanja, 33(1), 2378–2396.
https://doi.org/10.1080/1331677X.2019.1677488
Suleiman, A., Mohammed, K. A., & Owoicho, D. A. (2022). Effect of Strategic Management on the Performance of Small and Medium Enterprises in FCT-Abuja. Direct Research Journal of Management and Strategic Studies, 3(5), 86–97.
Teece, D. J., Pisano, G., & Shuen, A. (2007). MANAGEMENT. 18(7), 509–533.
Tranfield, D., Denyer, D., & Smart, P. (2003). Towards a Methodology for Developing Evidence-Informed Management Knowledge by Means of Systematic Review *. British Journal of Managemen, 14, 207–223.
Tuffuor, G. O., Owusu Kwateng, K., Tetteh, F. K., Kankam-Kwarteng, C., & Kwakye, B. (2024). Design management capabilities and performance of small and medium-scale enterprises. Journal of Innovation and Entrepreneurship, 14(1). https://doi.org/10.1186/s13731-024-00457-6
Vuong, T. K. (2025). The impact of strategic management on organizational creativity and its influence on the financial performance of SMEs. Journal of Entrepreneurship, Management and Innovation, 21(1), 43–57. https://doi.org/10.7341/20252113
Wan, J., Wang, L., Saade, R., Guan, H., & Liu, H. (2022). Empirical Analysis of Strategic Management in Inter-Governmental Organization. Administrative Sciences, 12(3). https://doi.org/10.3390/admsci12030083
Williams, R. I., Smith, A., Aaron, J. R., Manley, S. C., & McDowell, W. C. (2019). Small business strategic management practices and performance: A configurational approach. Economic Research-Ekonomska Istrazivanja, 33(1), 2378–2396.
https://doi.org/10.1080/1331677X.2019.1677488
Published
2026-07-01
How to Cite
Gezahegn, M., & Bruck, K. (2026). Strategic management practices in small and medium enterprises: A comprehensive systematic literature review. Journal of Management : Small and Medium Enterprises (SMEs), 19(2), 747-764. https://doi.org/10.35508/jom.v19i2.27208
Section
Articles
