Exploring local competencies salient for expanding small businesses

Robin SNELL, Anges LAU

Research output: Journal PublicationsJournal Article (refereed)

27 Citations (Scopus)

Abstract

Management competences significant for large and medium‐size companies in the West may not be universally applicable. Describes which qualitative, inductive approaches were used to identify competences important in expanding smaller businesses in a particular locality (Hong Kong). Identifies competences generally salient for growth as: global‐oriented outlook for the business; analytical market approach; readiness to seize relevant opportunities; and systematic financial management. Considers an additional set of competences salient for growing companies with less than 50 employees, namely: vivid vision/purpose/ mission; ability to conceptualize or formulate company strategy; strategic approach to human resource development; and promoting a learning culture. Also identifies several competences relevant to all small businesses in Hong Kong, whether growing or non‐growing.
Original languageEnglish
Pages (from-to)4-15
Number of pages12
JournalJournal of Management Development
Volume13
Issue number4
DOIs
Publication statusPublished - 1994
Externally publishedYes

Fingerprint

Small business
Competency
Hong Kong
Financial management
Readiness
Locality
Human resource development
Employees
Competence management
Learning culture

Bibliographical note

Many thanks to Charles Foley at the Management Development Centre for the initial concept of the research and for his sponsorship, on behalf of the MDC, of this project, whose views do not necessarily coincids with this article. Our thanks also to all those who volunteered to be interviewed. Special mention should be made here of the work of Michelle Chow and Madeline Yan, Research Assistants at the Management Development Centre of Hong Kong. The project, being largely qualitative in orientation, drew on a great deal of interpretative effort on their part. Their contribution to the project, through scheduling and conducting interviews with the majority of respondents and helping to assess the companies′ competence profiles, has been substantial.

Cite this

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Exploring local competencies salient for expanding small businesses. / SNELL, Robin; LAU, Anges.

In: Journal of Management Development, Vol. 13, No. 4, 1994, p. 4-15.

Research output: Journal PublicationsJournal Article (refereed)

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AU - LAU, Anges

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