In the past there was always a belief that large corporations with the ability to develop mass-production techniques and gain from economies of scale would eventually dominate the UK economy. Many thought that economic growth depended upon the fortunes of large organisations and that the movement towards global companies would eventually confine small and medium-sized enterprises (SMEs) to a minor role within the UK economy. Employment by a large business would represent security, opportunity and possibly a ‘job for life’. However, these beliefs ignored the…

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