Theoretical Research on Professional Management, Trust Mechanism and Firm Growth of Chinese Private High-tech SMEs

Mengyun Wu, Jie Lu

Abstract


With the development of market economy and the fast-growing economic globalization, the limitations in management model of China’s private high-tech SMEs gradually emerge as constraints for the development of family businesses. In which, financing, capital integrating, especially the integrating of human capital are important issues to emphasize family-owned enterprises. Therefore, how to efficiently introduce professional manager’s mechanisms of private high-tech SMEs and how to resolve the trust vacancy will be two of the major problems for private high-tech SMEs. The article introduces characteristics of private high-tech SMEs, discusses the deficiencies of professional management mechanism of family-owned enterprises, the problems of trust vacancy in the management, and puts forward corresponding countermeasures to effectively integrate among professional management, trust mechanism and private hi-tech SMEs’ growth.

Full Text: PDF DOI: 10.5539/ass.v8n15p165

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This work is licensed under a Creative Commons Attribution 3.0 License.

Asian Social Science   ISSN 1911-2017 (Print)   ISSN 1911-2025 (Online)

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