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Analysis on the Current Scenario of Succession in Small-to-Medium-Sized Enterprises in Mainland China: Succession, Innovation and International Transformation in Family Firms

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

Author

Listed:
  • Xinchun Li

    (Sun Yat-Sen University)

  • Jun Ma

    (Jiangnan University)

  • Xiao Xiao

    (Guangdong University of Foreign Studies)

  • Yong Zhao

    (Sun Yat-Sen University)

Abstract

At present, Family firms in mainland China are generally facing the challenges of transformation and upgrading. Meanwhile, They are also entering the critical phase of succession. Accomplishing transformation and upgrading during succession becomes a necessary path to be taken by family businesses in order to adapt to new conditions. So, This chapter will elaborate on transformation and upgrading from three aspects: innovation, Internet, and internationalization, and explore the relationship between succession and transformation in family businesses. Furthermore, we also discuss new challenges and solutions for family businesses under the Trade War.

Suggested Citation

  • Xinchun Li & Jun Ma & Xiao Xiao & Yong Zhao, 2021. "Analysis on the Current Scenario of Succession in Small-to-Medium-Sized Enterprises in Mainland China: Succession, Innovation and International Transformation in Family Firms," Springer Books, in: Hsi-Mei Chung & Kevin Au (ed.), Succession and Innovation in Asia’s Small-and-Medium-Sized Enterprises, chapter 0, pages 163-200, Springer.
    • Handle: RePEc:spr:sprchp:978-981-15-9015-3_6
    DOI: 10.1007/978-981-15-9015-3_6
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