Abstract
As the premise and guarantee of establishing the enterprise core competitiveness and competitive advantage, resources and capabilities are the dominant factors restricting the healthy and rapid development of small and medium-sized enterprises (SMEs). In this paper, based on the methodology of external development resources and capabilities acquisition by SMEs, the analysis on the structures and characteristics of enterprise value chain promotes the proposals of the method for SMEs to establish the competitive advantage by integrating external resources and capabilities through the separation and reorganization of value chain, and the suggestions on how to use this method to acquire resources and capabilities for SMEs.
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