Constructing Chinese Small and Medium-Sized Enterprises' Core Competence

Abstract

Depending on their own advantages and characteristics, the small and medium-sized enterprises have played very important roles in promoting the economic development of nearly all countries around the world. But due to their small size, the SMEs are so weak in resisting the risks of the market that they are still in a weak position in the market competitions. Therefore, the SMEs not only need the support and assistance from the government and all sectors of the society, but also more importantly need themselves to build and enhance their own core competencies. Although in recent years, Chinese SMEs have gained rapid development and their contributions to national economic growth have been increasing, but they are still facing with many problems in the process of survival and development. Especially in today's world, after the global financial crisis appears, many Chinese export-oriented SMEs have to be closed down because of their weak vitality and weak competitive strength. Therefore, Chinese small and medium-sized enterprises should gradually cultivate and improve their core competencies by constantly strengthening the constrution of their anti-risk capabilities, cultivating and gathering high-quanlity talents, strengthening the construction of their knowledge base, establishing the organizational systems that are helpful for the development of the SMEs, as well as fostering their own unique corporate culture, so that Chinese SMEs can gain the competitive edge in the intense market competitions and continue to grow and develop.