MACMILLAN Succession and Innovation in Asia’s Small-and-Medium-Sized Enterprises

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. Review “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) From the Back Cover 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. Hsi-Mei CHUNG is a Professor at the Department of Business Administration, I-Shou University, Taiwan. Her research interests include strategic and governance issues of family business groups and family businesses, antecedents and consequences of the Chinese relationships network, etc. She now serves as the Co-Editor with Hung-bin Ding, Andy Yu, & Phillip Phan on a book, Res