The Usefulness Of Networks To Smes: The Case Of Si

THE USEFULNESS OF NETWORKS TO SMEs: THE CASE OF SINGAPORE Wee-Liang topaz Email: wltan@smu.edu.sg & Teck-Meng Tan netmail: tmtan@smu.edu.sg capital of Singapore Management University Singapore accord Address Singapore Management University School of Business #03-07 469 Bukit Timah road 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 quid pro quo into the Chinese business networks. These Chinese business networks stem from the inherent familybased nature of most of Chinese business. This paper reports a previous withdraw of the use of networks by Chinese export-oriented SMEs in Singapore. It examines the benefit of the various networks to the export-oriented SMEs with the view to better(p) understand the role of these networks. It ensnare that contrary to accepted wisdom, the SMEs assemble industry-based networks, professional and association networks to be more(prenominal) useful that protracted family networks, social or informal networks. launching With the advent of globalisation, venial and medium-sized enterprises will face greater rival in their domesticated market from overseas competitors. This impact of globalization has not take flight the economies in Asia.

A new Asian Productivity plaque study (Sithikong, 2001) revealed that one of the call challenges faced by SMEs in the fourteen-country study is increased ambition that accompanies globalization. One strategy, the respondents in that study identified, was exports. As the SMEs in Asia look to address the challenge of globalization through exports, it is anticipated tha t they would deposit on business networks t! o open linkages with overseas agents, distribution and marketing channels for their products. Networks and networking have been found to be part and nerve pathway 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 full(a) essay, order it on our website: OrderEssay.net

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