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SMEs' business growth model: a medium to big effort

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  • Hui-Hong JK Li
  • Kim Hua Tan

Abstract

During the past decade, a major concern has been the failure of small and medium-sized manufacturing firms (SMEs) in transforming themselves into large firms (MNCs) both regionally and globally. Given the relative rarity of the typical small business making substantial growth, academics, management experts and governments in many countries have been keen to discover ways in which small business growth can be encouraged. What kind of strategies do successful SMEs use to grow, and, conversely, what constraints prevent growth? Unfortunately, little is available in the existing literature on SMEs business growth model. So far, current approaches to business strategy has been developed and tailored for MNCs. Using cases in three companies, this paper explores the business models that have been successfully used by medium-sized SMEs in transforming into emerging MNCs. A framework for business growth strategies is proposed and its implications for SMEs are discussed.

Suggested Citation

  • Hui-Hong JK Li & Kim Hua Tan, 2004. "SMEs' business growth model: a medium to big effort," International Journal of Management and Enterprise Development, Inderscience Enterprises Ltd, vol. 1(3), pages 195-207.
    • Handle: RePEc:ids:ijmede:v:1:y:2004:i:3:p:195-207
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    Citations

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    Cited by:

    1. H. H. J. K. Li & K. H. Tan, 2019. "Transformative innovation: turning commoditised products into radically high-valued products," Journal of Intelligent Manufacturing, Springer, vol. 30(7), pages 2645-2658, October.
    2. Yao-Chin Lin & Chun-Liang Chen & Cheng-Fu Chao & Wei-Hung Chen & Henry Pandia, 2020. "The Study of Evaluation Index of Growth Evaluation of Science and Technological Innovation Micro-Enterprises," Sustainability, MDPI, vol. 12(15), pages 1-25, August.
    3. Rudrajeet Pal & Reimar Westerlind & HÃ¥kan Torstensson, 2013. "Exploring the resilience development process by implementing the crisis strategic planning framework: a Swedish textile SME perspective," International Journal of Decision Sciences, Risk and Management, Inderscience Enterprises Ltd, vol. 5(1), pages 1-34.
    4. Zhai, Endong & Shi, Yongjiang & Gregory, Mike, 2007. "The growth and capability development of electronics manufacturing service (EMS) companies," International Journal of Production Economics, Elsevier, vol. 107(1), pages 1-19, May.
    5. Gamble, Jordan Robert & Clinton, Eric & Díaz-Moriana, Vanessa, 2021. "Broadening the business model construct: Exploring how family-owned SMEs co-create value with external stakeholders," Journal of Business Research, Elsevier, vol. 130(C), pages 646-657.

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