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Suggests that coping with technical and organizational change is a particular challenge for small and medium‐sized companies. As a result, senior management will increasingly be required to carry out strategic further training and skills enhancement. Identifies restraints on this process as, among others, lack of systematic organization of further training; the effects of organizational structures; and differences in interpretation of managerial tasks. Concludes that it is necessary to use self‐initiative in order to develop professional skills enhancement, and in order to create the necessary organizational conditions.

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