Succession and Innovation in Asia's Small-and-Medium-Sized Enterprises

This book documents the distinctive experiences and challenges of Small and medium-sized enterprises (SMEs) in Asia. By assessing succession and innovation in SMEs as the two sides of a coin, this book explains how innovations are essential to SMEs in succession. With detailed case examples, the book provides generalized solutions for SMEs to answer the question of how to make succession and innovation simultaneously successful. The authors discuss the potential solutions to solve the challenges of SMEs on succession and innovation by considering the utilization of the capital market, the electronic commerce strategy, the international strategy, and angel investment to pursue portfolio entrepreneurship, and compare these Asia solutions to the experiences from Europe. The book is recommended for family business and SME owners, professionals serving these firms, and the consulting firms that work on continuity issues of SMEs in Asia.

Provides an integrated framework to illustrate decisions on succession and innovation within SMEs Discusses small businesses in Asian countries from their own indigenous perspectives Serves as a reference for consulting firms and consultants working on family succession in SMEs

Autorentext

Dr. Hsi-Mei Chung is a Professor at the Department of Business Administration, I-Shou University, Taiwan. She has served as the associate research fellow, Electronic Commerce Research Center, National Sun Yat-sen University; the Global Board Member, STEP Project for Family Enterprising (2014-2016); the 2015 & 2016 IFERA Best Ph.D. Professor Kevin AU graduated from the Chinese University of Hong Kong with a B.B.A. and earned his Ph.D. in management/ international business at the University of British Columbia. He co-founded the CUHK Center for Entrepreneurship and serves as associate director. In 2015 he founded the CUHK Centre for Family Business and serves as its current director. His research interests are international management, entrepreneurship, family business, and social network.

Inhalt
Chapter 1: Why Succession is an Issue in SMEs: Key Insights and Cases Overview.- Chapter 2:The Analytical Framework on Succession and Development in Family Firms.- Chapter 3: Absence of Customers' Voice as the Cause of Limited New Product Development in a Small Long-standing Family-owned Craft Business in Japan.- Chapter 4: The Dark Side of the Advantages on Industrial Clusters in Taiwan.- Chapter 5: Analysis on the Current Scenario of Succession in Small-to-medium-sized Enterprises in Mainland China: Observations from 2016 China Family Business Health Report.- Chapter 6: Analysis on the Current Scenario of Succession in Small-to-medium-sized Enterprises in Mainland China: Succession, Innovation and International Transformation in Family Firms.- Chapter 7: Building Growth Enterprises in Singapore: Public Private Partnership.- Chapter 8: Succession and Innovation - Key drivers of sustainable growth of SMEs in India.- Chapter 9: Nurturing and Financing Transgenerational Entrepreneurship.- Chapter 10: Digital Transformation of Family Small-to-Medium-Sized Enterprises.- Chapter 11: Lessons from Mature Economies: Family Firms in Continental Europe and Japan.- Chapter 12: Developments and Solutions to the International Predicament for Small-to-Medium-Sized Enterprises.- Chapter 13: Opportunities and Challenges in Capital Markets for Small-to-Medium-Sized Enterprises.- Chapter 14: Concluding Remark: Remaining Small and Competitive or Moving Forward to Scale Up? -Reflections and Insights from the Cases.