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Issues Facing SMEs in Hong Kong: A Conceptual Framework     
 
Product Ref: 04/202C Company: N/A

Product Type: Case Industry: Others

Related Product(s): N/A
Small and medium-sized enterprises (SMEs) are recognized to be mainstays of the economy in almost every market in the world. It is equally recognized that their performance cannot be measured with the same yardsticks as those used for large, established organizations. To provide a holistic view in understanding the diverse issues faced by SMEs, an integrated three-dimensional framework has been developed. This integrated framework puts into context various issues that confront SMEs at different levels of analysis, at different stages of venture development, and in different socio-economic settings. The framework also helps to identify policy implications and develop recommendations for practice. The second part of this paper uses the proposed framework to conceptualize the strategic issues and challenges faced by SMEs in Hong Kong. Insights can thus be generated into the development processes of SMEs in Hong Kong, thereby formulating guidelines to cope with the changes that have been prevalent in the recent past.
Functional Area : Economics & Business Policy
Strategy & General Management

Issues: levels of analysis, stages of venture development, socio-economic influences, enterprise growth
Length: 16 pages Country: Hong Kong SAR

Pub. Year: 2004 Level of Difficulty: 2
         
This product type is available in the following language(s):      English   Simplified Chinese
         
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This is a part of The Trade & Industry Department SME Case Series
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