As the global economy continues to develop and new entrepreneurs take advantage of emerging markets, the small business sector plays a greater role of economic development in the international arena. Strategic Management in Small and Medium Enterprises: Theory and Practice contributes new research to the current array of literature on small business management under diverse geographic, economic, and socio-cultural conditions. By exploring existing theories in tandem with fresh viewpoints, this book will serve as a valuable reference to students, lecturers, researchers, entrepreneurs, and policy makers investigating the use of strategic management in various scenarios and situations.

What role can entrepreneurship play in a European economy that is more and more open to the rest of the world? In this European Union construction, what is the place of the nation states and economies that have only recently converted to a free market economy? It is these questions, among others, that the book explores and discusses in particular. The future steps required in developing European entrepreneurship in a dynamic and international context are also analyzed and synthesized. The expert contributors reveal both the macro and micro factors that influence European entrepreneurial development, with an emphasis on high-tech firms. The particular topics addressed include: SME research and innovation policy issues; starting and growing a new venture; innovation, marketing and entrepreneurial networks; entrepreneurship and regional (cross-border) development; building competitive advantage of SMEs; and social and cultural aspects of entrepreneurship. This comprehensive work will provide a timely and important basis for academics, researchers, students, and policy-makers in the fields of entrepreneurship and European studies. Contributors: K. Arhio, J. Ateljevic, O. Basso, V. Bouchard, A. Fayolle, A. Haahti, M.-L. Kaakko, I. Kereziev, J. Klaesson, M. Merlino, O. Pesamaa, H. Pichler, R. Saner, S. Testa, K. Todorov, D. Tolstoy, D. Watkins, L. Yiu