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How founder-entrepreneurs from Chinese high-tech SMEs assess market risks and explore new opportunities for growth and survival during COVID-19

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Abstract

Founder-entrepreneurs in SMEs tend to have an active role in shaping the business and the direction and management of their innovation strategies. During COVID-19, their understanding of risks and approach towards decision making has become very crucial as the market sensitivity changed drastically with various levels of challenges such as travel restrictions, national lockdown, reduced market demand and operational uncertainty. So far, there are very limited studies on the role of the founder-entrepreneurs from Chinese high-tech software SMEs in managing the business risks from the pandemic. This paper will address some of these gaps by presenting case studies of 9 successful high-tech software SMEs in China and discuss how their founder-entrepreneurs have engaged with the market, identified COVID-19 related risks and how they have made critical decisions to survive and explore new market opportunities for growth. As part of a longitudinal study, in-depth interviews were conducted with the founder-entrepreneurs at various stages of the pandemic to explore their progress with the business operation and management. The paper will discuss the role of the founder-entrepreneurs from SMEs in risk analysis and decision-making. It makes an important contribution to the growing literature on Chinese SMEs, and COVID-19.

Suggested Citation

  • Huang, Yanzhi & Baruah, Bidyut & Ward, Anthony, 2022. "How founder-entrepreneurs from Chinese high-tech SMEs assess market risks and explore new opportunities for growth and survival during COVID-19," Small Business International Review, Asociación Española de Contabilidad y Administración de Empresas - AECA, vol. 6(2), pages 504-504, September.
    • Handle: RePEc:aaz:sbir01:v:6:y:2022:i:2:p:e504
    DOI: 10.26784/sbir.v6i2.504
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    References listed on IDEAS

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    1. W. A. Srisathan & C. Ketkaew & P. Naruetharadhol, 2020. "The intervention of organizational sustainability in the effect of organizational culture on open innovation performance: A case of thai and chinese SMEs," Cogent Business & Management, Taylor & Francis Journals, vol. 7(1), pages 1717408-171, January.
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    More about this item

    Keywords

    founder-entrepreneurs; risk and opportunities; Chinese high-tech SMEs; COVID-19;
    All these keywords.

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East

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