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Macau Periodical Index (澳門期刊論文索引)
- Author
- Chang, Chi Wa
- Title
- Entrepreneurship and performance of small and medium enterprises in Macao
- Journal Name
- Euro Asia Journal of Management
- Pub. Info
- Dec. 2002, Vol.12, No.2, pp. 159-174
- Abstract
- Abstract : The importance of small-and-medium enterprises (SMEs) in Macao is unquestionable since they account for over 90% of the total business. Due to limitations in financial and human resources, the woners of these SMEs have a dominating influence on the firm's operations. On the other hand, 'entrepreneurship', as a descisive factor to the success of SMEs, has been raising concern to management staffs, deserving growing attention by academic researchers, and being advocated and ranked as a policy priority for rule makers. The present study is based on a framework for the analysis of entreprenurial profiles, which contains elements linked to psychological characteristics and personal experiences of various SME owners. A comparison of the firms' performances will help to find out the differences in the propensity to entreprenurship that leads to different kind of organizational behavior. Paragraph Headings: 1. The nature of entrepreneurship 2. Attitudinal and behavioral characteristics 2.1. Motivation 2.2. Innovation 2.3. Risk taking 2.4. Proactiviness 3. Entreprenuria process of SMEs 4. Managerical practices used by successful entreoreneurs 5. The Relationship between entrepreneurship and performance 6. Research methodology 7. Analysis and dicussion 7.1. Personal experience 7.2. Psychological characteristics 7.3. The use of strategic planning 7.4. The willingness to use external finance and advice 7.5. The delegation of managerial responsibility 7.6. The level of workforce training 7.7. Environment 7.8. Strategies 7.9. Performance evaluation 10. Conclusions Tables: 1. Definition of size sectors in Macau 2. High failure rates of enterprises in Macau 3. Evaluation of performance