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

This book documents the distinctive experiences and challenges of Small and medium-sized enterprises (SMEs) in Asia. By assessing succession and innovation in SMEs as the two sides of a coin, this book explains how innovations are essential to SMEs in succession. With detailed case examples, the book provides generalized solutions for SMEs to answer the question of how to make succession and innovation simultaneously successful. The authors discuss the potential solutions to solve the challenges of SMEs on succession and innovation by considering the utilization of the capital market, the electronic commerce strategy, the international strategy, and angel investment to pursue portfolio entrepreneurship, and compare these Asia solutions to the experiences from Europe. The book is recommended for family business and SME owners, professionals serving these firms, and the consulting firms that work on continuity issues of SMEs in Asia.

Dr. Hsi-Mei Chung is a Professor at the Department of Business Administration, I-Shou University, Taiwan. She has served as the associate research fellow, Electronic Commerce Research Center, National Sun Yat-sen University; the Global Board Member, STEP Project for Family Enterprising (2014-2016); the 2015 & 2016 IFERA Best Ph.D.
Professor Kevin AU graduated from the Chinese University of Hong Kong with a B.B.A. and earned his Ph.D. in management/ international business at the University of British Columbia. He co-founded the CUHK Center for Entrepreneurship and serves as associate director. In 2015 he founded the CUHK Centre for Family Business and serves as its current director. His research interests are international management, entrepreneurship, family business, and social network.