The Usefulness Of Networks To Smes: The Case Of Si

THE USEFULNESS OF NETWORKS TO SMEs: THE CASE OF SINGAPORE Wee-Liang sunburn Email: wltan@smu.edu.sg & Teck-Meng Tan netmail: tmtan@smu.edu.sg capital of Singapore Management University Singapore arrangement Address Singapore Management University School of Business #03-07 469 Bukit Timah highway Singapore 259756 Tel: (65) 822-0157 facsimile machine: (65) 822-0777 Abstract When doing business in Asia, one is often reminded in the literature the need to trollop into the Chinese business networks. These Chinese business networks stem from the innate familybased nature of most of Chinese business. This paper reports a prelim withdraw of the use of networks by Chinese export-oriented SMEs in Singapore. It examines the good of the various networks to the export-oriented SMEs with the view to better(p) understand the role of these networks. It ensnare that unconnected to accepted wisdom, the SMEs assemble industry-based networks, professional and association networks to be to a greater extent useful that protracted family networks, social or informal networks. asylum With the advent of globalisation, venial and medium-sized enterprises will face greater ambition in their domesticated market from overseas competitors. This impact of globalisation has not take flight the economies in Asia. A modern Asian Productivity plaque study (Sithikong, 2001) revealed that one of the primaeval challenges faced by SMEs in the fourteen-country study is increased contest that accompanies globalization. One strategy, the respondents in that study identified, was exports. As the SMEs in Asia adjudicate to address the challenge of globalization through exports, it is anticipated that they would avow on business networks to open linkages with overseas agents, distribution and selling channels for their products. Networks and networking have been found to be part and divide in the lives of entrepreneurs and their enterprises in studies in the West. In Asia , the situation is no different although! the natures of the networks may...If you want to touch on a wide-cut essay, order it on our website: OrderEssay.net

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