The Management of Small and Medium Enterprises - Literature Review

The Management of Small and Medium Enterprises - - Literature review Example Currently, SMEs in china are responsible for more than 75% of employment opportunities in urban centers and nearly 60% of the GDP (Zhao, 2007). For a period, majority of scholars have agued that organizational theories and models designed for large organizations could be directly applied to SMEs (Boyd & Nicolo, 2005). But in recent times, industry players have clearly demonstrated that there is a big difference between the SMEs and large organizations as indicated by Paulson (2008). This is because SMEs are confronted with numerous obstacles as opposed to large organizations. These obstacles are listed by Antkiewicz & Whalley (2005) to include lack of funds and socialized services, less access to market and poor management among others. The main purpose of the present paper is to examine trade policies in china and their advantages and disadvantages to small and medium-sized enterprises. With examples, this paper will also explore whether there are foreign small or medium-sized enter prises in china. It will also examine the key issues that china needs to address to enhance the growth of SMEs. Laws and Policies Concerning the Promotion of SMEs SMEs are the backbone of the Chinese economy according to study findings by Antkiewicz & Whalley (2005); Dunaway & Li (2005) and Lardy (2002). In view of this revelation, China has put in place trade polices and regulations that help in promoting their growth and development. These policies are geared toward improving their operational environment and increasing employment in both urban and rural areas as indicated in a World Bank report (2008). They are also aimed at exerting their significant influence on national economic and social development (Wang, 2004). At the present, majority of provinces and regions in China have formulated their administrative rules and regulations for enhancing the development of SMEs as noted by Paulson (2008). Moreover, the corresponding authorities and departments of the national government have issued several documents covering market access, the fiscal financial mix, enhancement of government control and administration, technological innovation, development of global markets and creation of service systems for SMEs (The World Bank, 2008). The government of China has developed legislations, policies and regulations related to the growth of small and medium-sized enterprises. Th

Public Relation Crisis Essay Example | Topics and Well Written Essays - 2500 words

Public Relation Crisis - Essay Example This discussion will critically analyze the two cases chosen for depicting the PR crisis and how PR crisis impacts the overall reputation of the firm. The analysis will be done on the basis of how the companies were impacted due to the PR crisis. As the essay stresses that Public Relation is defined as the process of managing and controlling the inflow and outflow of information between an organization, an individual and the public. It is basically an approach by which organizations try to gain exposure to their target addressees by employing topics of public interest and spreading some zesty news. The primary rationale behind practising public relation is to convince the investors, employees, partners, customers, and stakeholders about the company’s products, political decision and leadership activities. Some of the evident ways by which the practise of public relation can be portrayed are winning industry awards, working closely with the press, speaking at meeting or confere nce, and employee communication. In the present business environment, importance of public relation has been like never before. Public relation is now treated as one of the most vital management disciplines. This paper explores that a crisis generally descends without any warning. It does not even give time to take any kind of precautionary measures. A crisis suddenly expands hysterically leaving hardly any chances for an immediate recovery. Moreover it disrupts the business transactions and at times intimidates the survival of an organization. ... In the present business environment, importance of public relation has been like never before. Public relation is now treated as one of the most vital management disciplines. Moreover, if properly practised public relation can play a crucial role in maintaining a sound relationship with the internal and external stakeholders of the company. The support is also important to meet the goals and objectives of the organization. In general public relation is a mere communication activity, that put emphasis on the two way communication process. Therefore it is way by which a mutual understanding between the organization, its stakeholders and the customers is established (Kitchen, 1997, p.8). Public Relation Crisis: A Brief Overview A crisis generally descends without any warning. It does not even give time to take any kind of precautionary measures. A crisis suddenly expands hysterically leaving hardly any chances for an immediate recovery. Moreover it disrupts the business transactions and at times intimidates the survival of an organization (Fearn-Banks, 2010, p.2). Some of the example of PR crisis includes Johnson & Johnson's cyanide-laced Tylenol capsules, PepsiCo's can tamper rumours, Texaco's racial discrimination lawsuit, Odwalla Foods' apple juice E-Coli outbreak, Cadbury's worm infested candy bars, JetBlue's week-long operational breakdown and The Red Cross' rogue tweet among many others. Public relation crisis is some time referred to as the communication crisis from the organizational context of view. However it is also important to overcome the issue effectively. It can be done by adopting sound crisis management techniques. Some of the ways by which the challenge can be faced are