Business survival in hostile environment : case study of the strategies and actions taken by the entrepreneurial firms to keep business running

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Business survival in hostile environment : case study of the strategies and actions taken by the entrepreneurial firms to keep business running

 

Author: Chan, Wing-cheong
Title: Business survival in hostile environment : case study of the strategies and actions taken by the entrepreneurial firms to keep business running
Year: 2000
Subject: Business enterprises -- China -- Hong Kong -- Case studies
Strategic planning -- China -- Hong Kong -- Case studies
Industries -- Social aspects -- China -- Hong Kong -- Case studies
Financial crises -- China -- Hong Kong -- Case studies
Hong Kong Polytechnic University -- Dissertations
Department: Dept. of Management
Pages: iv, 53, [9] leaves : ill. ; 30 cm
Language: English
InnoPac Record: http://library.polyu.edu.hk/record=b1520793
URI: http://theses.lib.polyu.edu.hk/handle/200/1197
Abstract: The outbreak of financial crisis in the late 1997 causes a majority of firms in Hong Kong to face a hostile business environment. Despite that, there are still a number of firms surviving, or even growing, during the bad times in 1998 and 1999. It is therefore interesting to study the factors attributing to the survival of those firms. In this research, two entrepreneurial firms were studied with the aim to understand and analyse their survival strategies or actions taken to cope with the hostile business environment. The factor of entrepreneurial posture to face the hard times was also discussed. The two entrepreneurial firms studied in this research are a) the Tai Hing Roast Shop Group (太興燒味連鎖店集團) and b) the Four Seas Fish Balls Company Limited (四海魚蛋有限公司). It was found that both firms had taken some "strategic" actions and "internal" actions to survive, or grow, in hostile business environment. In addition, the entrepreneurial posture of confidence, perseverance and persistance, innovation and visionary are found in the leaders of these two firms.

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