Overview
- 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
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Table of contents (15 chapters)
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Front Matter
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Back Matter
Keywords
- Small Medium Enterprises and Succession in East Asia
- Development of SMEs in East Asia
- SMEs in Taiwan
- SMEs in Mainland China
- Succession and SMEs, in Mainland China
- Succession and SMEs in Taiwan
- Entrepreneurship and SMEs in Taiwan
- Internationalization of Family Businesses in East Asia
- Innovation
- Growth Enterprises in Singapore
- Family-owned Craft Business in Japan
- European and Asian Family Firms and SMEs
- Digital transformation of family SMEs in East Asia
- Transgenerational Entrepreneurship
- Capital Market for SMEs
About this book
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.
Reviews
“In a world where change is constant and is accelerating at a pace never experienced before, the need for SMEs to plan succession and choose innovation paths for sustainable growth becomes very imperative. Succession and Innovation in Asia’s Small-and-Medium-Sized Enterprises provides comprehensive strategies through cases from across Asian countries and industries for SMEs to make choices. A must-read specially for SMEs planning for succession and innovation.”
--(Dr BVR Mohan Reddy, Founder& Executive Chairman, Cyient and Chairman,Board of Governors, Indian Institute of Technology, Hyderabad)
"A fascinating study of the Asian family firm. The contribution not only highlight the challenges faced by family entrepreneurs but also show-case best practices for energizing family firms across generations. This book is a must read for scholars and business families all over Asia."
--(Morten Bennedsen, The André and Rosalie Hoffmann Chaired Professor of Family Enterprise, INSEAD France and Singapore.)
“Very glad to see this monograph offering practical guidance on how family-owned SMEs in Asia manage the succession and innovation ordeal! The key idea of succession and innovation as a two-sided coin resonates with my experience and reminds us of a different approach in managing transitions in this disruptive era. I am intrigued by the practices in 28 cases from different Asian cultures and industries, and how 20+ esteemed scholars and practitioners shape and “solve” the underlying issues.”
--(Professor Roger King, Founding Director and Senior Advisor, HKUST Tanoto Center for Asian Family Business and Entrepreneurship Studies)
Editors and Affiliations
About the editors
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.
Bibliographic Information
Book Title: Succession and Innovation in Asia’s Small-and-Medium-Sized Enterprises
Editors: Hsi-Mei Chung, Kevin Au
DOI: https://doi.org/10.1007/978-981-15-9015-3
Publisher: Palgrave Macmillan Singapore
eBook Packages: Business and Management, Business and Management (R0)
Copyright Information: Vital Wellspring Education Pte Ltd 2021
Hardcover ISBN: 978-981-15-9014-6Published: 14 February 2021
Softcover ISBN: 978-981-15-9017-7Published: 14 February 2022
eBook ISBN: 978-981-15-9015-3Published: 13 February 2021
Edition Number: 1
Number of Pages: XXIV, 416
Number of Illustrations: 9 b/w illustrations, 116 illustrations in colour
Topics: Small Business, Family Business, Asian Business, Start-Ups/Venture Capital, Innovation/Technology Management