Decline of business brings growth opportunities

Autor: Takeaki Wada
Jazyk: angličtina
Rok vydání: 2019
Předmět:
Zdroj: Annals of Business Administrative Science, Vol 18, Iss 1, Pp 13-23 (2019)
Druh dokumentu: article
ISSN: 1347-4464
1347-4456
DOI: 10.7880/abas.0181119b
Popis: Many small and medium-sized enterprises’ managers hesitate to launch new businesses for the diversification or business change. In the case of new business launching by Yamato Industrial and Yamaguchi Kasei, decline of their existing businesses was a threat, and simultaneously, it has become an opportunity for launching new business, just as the saying “tough times bring opportunity.” In addition, the experience of launching a second business, rather than experience at startup, will motivate managers to launch businesses continuously.
Databáze: Directory of Open Access Journals