| Autor: |
Shu-Ting Chan, Li-Hsuan Cheng, Hsi-Mei Chung |
| Rok vydání: |
2021 |
| Předmět: |
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| Zdroj: |
Succession and Innovation in Asia’s Small-and-Medium-Sized Enterprises ISBN: 9789811590146 |
| DOI: |
10.1007/978-981-15-9015-3_4 |
| Popis: |
This chapter introduces why combining the innovation and succession decisions will be a critical point for the growth of SMEs by introducing the survey results of three industrial clusters in Taiwan in 2016. These three industrial clusters are the hosiery industry and the plumbing industry in the middle of Taiwan, and the fastener industry in southern Taiwan. Locating this discussion inside an industrial cluster is an important way to enhance the knowledge and competitive advantages for these SMEs in Taiwan. The findings of the survey illustrate the emergence and serious situation for SMEs in terms of succession and innovation. The authors found that not every SME can successfully search for innovation. The critical point is that given the changing environment, the resources or the capital accumulated by the founder may not work well to meet the future strategic position after succession. Among the necessary capital for future survival, social capital is the most difficult to pass on to the next generation but it is usually the most critical type of capital for SMEs’ growth. SMEs inside an industrial cluster need to cooperate to accumulate the capital at the cluster level as well as at the firm level. |
| Databáze: |
OpenAIRE |
| Externí odkaz: |
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