Empirical study of management change and growth of innovative SMEs in Japan

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Through this research, a longitudinal data set (2007, 2010 and 2013) of Japanese innovative small and medium sized enterprises (SMEs) was established. By analyzing it,the following findings were drawn. First, it was found that innovative SMEs have not leaned towards either the extreme hostile or the stable business environment in the past 6 years. Second, it is, however, recognized that their business performance (profit, growth and innovation indicators), in comparison with their business rivals in the same industry, became lower. Third, the level of EO turned down in particular from 2007 through 2010. As EO literature indicates, EO is a continuous strategic behavior and thus it may change to be a conservative and reactive strategic posture under a certain condition. In this case, the strategic behavior might change to a typical organizational posture of small business orientation (SBO).