Making Strategic Decisions in an Emerging Economy: Evidence from Chinese Small and Medium-Sized Enterprises
Faculty of Business and Law
School of Management
Chinese SMEs have contributed significantly to the national economy as the number of Chinese SMEs, particularly privately-owned SMEs, has been rapidly increasing over the past two decades. However, little research has been conducted on how Chinese SMEs make their strategic decisions. This research interviewed owners/managers from 20 Chinese SMEs. It is found that Chinese SME owners/managers underwent less complex processes in their strategic decision-making (SDM). They implemented their strategic decisions very quickly and often used their personal networks to gather information and involve others in the SDM processes.