Concluding Remark: Remaining Small and Competitive or Moving Forward to Scale Up?—Reflections and Insights from the Cases

Kevin Au () and Hsi-Mei Chung
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Kevin Au: The Chinese University of Hong Kong
Hsi-Mei Chung: I-Shou University

Chapter Chapter 14 in Succession and Innovation in Asia’s Small-and-Medium-Sized Enterprises, 2021, pp 381-410 from Springer

Abstract: Abstract The authors utilize the analytical framework highlighted in Chapter 2 to analyze the cases in this book to answer the question: What is the growth direction of SMEs after they succeed to the next generation? Should they maintain a focused position but remain small, or move to a larger market to take advantage of scale? Since this book includes multiple cases in different countries, our concluding remark will provide insightful implications for SMEs on innovation and succession decisions. Most SMEs try to innovate as they search for new opportunities in domestic and international markets, especially in international markets. The successor is usually the key person to start the innovation engine and seek a new strategic positionStrategic position in the current industry. Since many SMEs recognize the importance of innovation to meet the severe challenges in the global world, we analyze the linkages between the resourcesResources and strategic position in each case. The unique perspectives and focus of each chapter present distinctive experiences and observations from SMEs in AsiaAsia to uncover the specific challenges for SMEs in Asian societies.

Keywords: Small and competitive; Scale up; Growth continuum; Succession and innovation decisions; Family-owned SMEs (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-15-9015-3_14

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DOI: 10.1007/978-981-15-9015-3_14

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