Analysis on the Current Scenario of Succession in Small-to-Medium-Sized Enterprises in Mainland China: Succession, Innovation and International Transformation in Family Firms

Xinchun Li (), Jun Ma (), Xiao Xiao () and Yong Zhao ()
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Xinchun Li: Sun Yat-Sen University
Jun Ma: Jiangnan University
Xiao Xiao: Guangdong University of Foreign Studies
Yong Zhao: Sun Yat-Sen University

Chapter Chapter 6 in Succession and Innovation in Asia’s Small-and-Medium-Sized Enterprises, 2021, pp 163-200 from Springer

Abstract: Abstract At present, Family firms in mainland China are generally facing the challenges of transformation and upgrading. Meanwhile, They are also entering the critical phase of succession. Accomplishing transformation and upgrading during succession becomes a necessary path to be taken by family businesses in order to adapt to new conditions. So, This chapter will elaborate on transformation and upgrading from three aspects: innovation, Internet, and internationalization, and explore the relationship between succession and transformation in family businesses. Furthermore, we also discuss new challenges and solutions for family businesses under the Trade War.

Keywords: Family firms; Succession; Innovation; Internet; Internationalization (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_6

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DOI: 10.1007/978-981-15-9015-3_6

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