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Article
A Study on Business Succession in Small and Medium-Sized Chinese Enterprises
Author(s)
Yang Wang, Takashi Kondoh
Full-Text PDF XML 401 Views
DOI:10.17265/1537-1506/2018.10.004
Affiliation(s)
Aichi Institute of Technology, Aichi, Japan
ABSTRACT
The survival and
development of SMEs (small and medium enterprises)
is an important issue for the Chinese economy. In particular, business
succession in SMEs is a persistent issue. Business succession involves
selection of a successor, asset inheritance, transfer of management rights,
accumulation of business connections and technology succession, and so forth.
This all requires smooth execution of a business succession plan. However, many
SMEs do not have a business succession plan, nor are they preparing one. Our
task is to explore the reasons these preparations are not being made. Here, the
purpose of our research is to get a picture of the status of preparations for
business succession in SMEs in China, and the actual circumstances of
succession, based on the results of a fact-finding survey of Chinese SMEs, and
at the same time bring to the surface the primary factors which influence
preparations and plans. The results of the analysis shed light on the status of
business succession preparations, successor’s awareness of issues, decision making, and so on.
This survey highlights the awareness of business succession among business
managers.
KEYWORDS
business succession, small and medium-sized Chinese enterprises, changes in presidents
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