Small businesses can no longer afford to think local. In today's business environment, even a single-town business firm will be affected in a manner that is global.
Strategic management is much more important now when a firm is still small. For instance, when he was still running a garage operation, Bill Gates brought Microsoft to the big league with a strategic vision-- "A computer in every home."
Without a worldview or global strategy, the small business will be blind to exploit opportunities or manage risks with global factors that are intruding locally. Thus, business innovation is limited to local needs while global threats or opportunities abound.
To read the full, original article click on this link: Small Business Innovation and Global Strategy: Innovative Small Firms Can Better Handle Globalization
Author: Melvin Tandoc
