Provided by: Scientific Publishing Ltd.
Date Added: Dec 2012
This paper examines the role and influence of management practices and behavior in successful Small and Medium sized information technology EnTerprises (SMET), based on the comprehensive concept of Mintzberg 5Ps of strategy. The employed a survey of 13 SMET with was examined on how closely they used best strategic practices in their management and how it is related to SMET performance. The discussion and conclusions highlight different ways of strategic thinking, the importance of the mutual trust and commitment between managers and employees. Specifically, the authors determine three elements whose greater exploration can lead to a deeper understanding of how the strategic planning is influenced by the manager's view, in order to encourage their competitiveness through market environmental uncertainties.