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Entrepreneurs in Pacific Rim trade

Chapter


Abstract


  • Small-medium sized enterprise entrepreneurs ( SMEEs) play a key role in both

    developed and developing economies in terms of employment generation, output

    growth, export growth, poverty alleviation, economic empowerment, and the wider

    distribution of wealth. However, the potential of their enterprises are often not

    realized due to a number of factors relating to the scale of their businesses. Individual

    small-medium sized enterprises CSMEs) often have difficulties in achieving economies of

    scale in the purchase of inputs such as equipment, raw materials, finance and consulting

    services and are often unable to take advantage of market opportunities that require

    large production quantities, homogeneous standards and regular supply. Small size is

    also a constraint on the internalization of functions such as training, market

    intelligence, logistics, technology innovation, quality accreditation, while preventing

    the achievement of a specialized and effective internal division of labor. To preserve

    their narrow profit margins, small-scale entrepreneurs in developing countries are often

    unable to introduce innovative improvements to products and processes and this limits

    their scope to take advantage of new market opportunities arising from the process of

    regional integration that could specifically include: attempt to gain access to the supply

    chains of trans-national corporations CTNCs), take advantage of the process of regional

    product fragmentation, and engagement in direct exporting and FDI opportunities.

    Many of the difficulties facing SMEs in developing countries are not related purely to

    size but also to their isolation of operation, locationally (regionally) and in terms of

    interaction with other similar sized enterprises. Hence, closer cooperation between SMEEs and relevant supportive institutions could be the key to overcoming such obstacles.

Publication Date


  • 2014

Citation


  • Harvie, C. (2014). Entrepreneurs in Pacific Rim trade. In J. Glassman, M. Kimura & S. Zhao (Eds.), Entrepreneurs and the Creation of a Global Community : the cases of China, Japan, and the United States (pp. 130-158). China: Nanjing University Press.

Ro Metadata Url


  • http://ro.uow.edu.au/buspapers/506

Book Title


  • Entrepreneurs and the Creation of a Global Community : the cases of China, Japan, and the United States

Start Page


  • 130

End Page


  • 158

Abstract


  • Small-medium sized enterprise entrepreneurs ( SMEEs) play a key role in both

    developed and developing economies in terms of employment generation, output

    growth, export growth, poverty alleviation, economic empowerment, and the wider

    distribution of wealth. However, the potential of their enterprises are often not

    realized due to a number of factors relating to the scale of their businesses. Individual

    small-medium sized enterprises CSMEs) often have difficulties in achieving economies of

    scale in the purchase of inputs such as equipment, raw materials, finance and consulting

    services and are often unable to take advantage of market opportunities that require

    large production quantities, homogeneous standards and regular supply. Small size is

    also a constraint on the internalization of functions such as training, market

    intelligence, logistics, technology innovation, quality accreditation, while preventing

    the achievement of a specialized and effective internal division of labor. To preserve

    their narrow profit margins, small-scale entrepreneurs in developing countries are often

    unable to introduce innovative improvements to products and processes and this limits

    their scope to take advantage of new market opportunities arising from the process of

    regional integration that could specifically include: attempt to gain access to the supply

    chains of trans-national corporations CTNCs), take advantage of the process of regional

    product fragmentation, and engagement in direct exporting and FDI opportunities.

    Many of the difficulties facing SMEs in developing countries are not related purely to

    size but also to their isolation of operation, locationally (regionally) and in terms of

    interaction with other similar sized enterprises. Hence, closer cooperation between SMEEs and relevant supportive institutions could be the key to overcoming such obstacles.

Publication Date


  • 2014

Citation


  • Harvie, C. (2014). Entrepreneurs in Pacific Rim trade. In J. Glassman, M. Kimura & S. Zhao (Eds.), Entrepreneurs and the Creation of a Global Community : the cases of China, Japan, and the United States (pp. 130-158). China: Nanjing University Press.

Ro Metadata Url


  • http://ro.uow.edu.au/buspapers/506

Book Title


  • Entrepreneurs and the Creation of a Global Community : the cases of China, Japan, and the United States

Start Page


  • 130

End Page


  • 158