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Article: Strategy Formulation in Small Business: The Hong Kong Experience.
- Article from:
- International Small Business Journal
- Article date:
- April 1, 2001
- Author:
CopyrightCOPYRIGHT 2001 Sage Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SHUI-YING CHAN IS WITH THE CITY University of Hong Kong and M.J. Foster is associate dean of the Faculty of Business at Kingston University, England. This paper describes the results of a study examining the strategy formulation process in small businesses in Hong Kong in the mid-1990s. It is believed to be the first such study. A sample of some 42 businesses were examined to determine how their actual planning behaviour compared with that predicted from a simple, three-stage model of the strategy formulation process based on the literature in both strategy and small business. The impact of elements of owner-managers' backgrounds on the process was also examined. The ...