Economic recovery through multisector management resources in small and medium businesses in China

Cong Ma, Mui Yee Cheok and Nyen Vui Chok

Resources Policy, 2023, vol. 80, issue C

Abstract: In China, the idea of business continuity management (BCM) resources rapidly growing however few studies arranged on the subject and found insufficiently addressing the issue related to the natural resources. As a result, the current study attempts to seek to provide a deeper knowledge of existing Small and medium-sized Enterprises' BCM practices and provide focus on the need to help these businesses for economic recovery. Top executives from 150 Chinese small and medium-sized enterprises filled in an online survey over the period of 2015–2020. After it the findings have been formulated. Chinese SME disaster (particularly COVID-19) experiences have been revealed in the report, but a lack of business continuity planning is also evident along with an inability to construct a documented plan. Despite the fact that SMEs resources have varying BCM information and training requirements, the findings show that a company's assessed disaster management, BCM expertise and training requirements are linked to its size, operational duration disaster experiences and economic recovery. According to the report, it is thus critical to help small enterprises, especially those located in disaster-prone regions. Public and private sector involvement is equally vital in promoting BCM practices among small and medium-sized enterprises (SMEs). This study has provided recommendations for the betterment of business management side by side with futures' research.

Keywords: Business continuity management; Small and medium-sized; China; Disaster management; Economic recovery (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jrpoli:v:80:y:2023:i:c:s0301420722006249

DOI: 10.1016/j.resourpol.2022.103181

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