Stevenson (1983) holds that entrepreneurial management, defined as a set of opportunity-based man-agement practices, can help firms remain vital and contribute to firm and societal level value creation. While his conceptualization has received much attention, little progress has been made...

This article examines how and to which extent small and medium-sized enterprises (SMEs) apply strategic planning within their business activities. Specifically, the authors address the question of why SMEs seem to plan less than big companies, whether strategic planning and corporate success...