300 Questions on the Management and Operation of Small and Medium-sized Enterprises

Author: Hu Mu
Publisher:
Publish Date: 2003-07-01
Features: Businesses of different scales all have their own reasons for existence and respective competitive advantages. Large enterprises enjoy advantages such as economies of scale, networked operations, and strong R&D capabilities. Small and medium-sized enterprises, on the other hand, possess advantages like flexibility, agility, openness, efficiency, and strong adaptability. In a well-functioning economic system, its microeconomic entities should consist of a diverse group of enterprises of various scales that coexist in space and succeed one another in time. The sizes of large and small enterprises continuously change, forming an economic ecological balance.