Entrepreneurs who are quick to think along new lines, invest in new technology, and who dare to take risks are more successful than more traditional small-scale business people. This was found in a study carried out among 14 manufacturing companies mainly in the Mälaren Valley in central Sweden.
The focus of the study is on the so-called strategic resources of the companies and the purpose is to develop a model that identifies competitive advantages in small and medium-sized manufacturing companies. A strategic resource is a resource that generates long-term profitability in relation to competitors, such as some unique competence among the staff or well-developed customer relations.
Researcher Jim Andersén at Mälardalen University studied 14 small and medium-sized manufacturing companies. Two of these companies turned very high profits over a continuous period of nearly ten years. What characterized the behavior of these companies? And why haven’t their competitors followed the example of these profitable businesses? These are the central questions, addressed in the doctoral dissertation at the School of Economics at Mälardalen University.
Peter Mannerfelt | alfa
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