As one of the main bodies of the market, SMEs play the most active part in the market, fueling the industrial structure transformation. Currently, the relevant researches on this topic mainly focus on the motives of the transformation, integration of resources allocation, path evolution, mode selection and consequences of the transformation. Few studies, however, have been targeted at the correlation between entrepreneurs’ behaviors and Hi-Tech SMEs transformation mode selection. This paper conducts a case study of Qi Wei Te solar energy corporation on this issue. The research reveals that the entrepreneur's risk preferences fluctuate in the life circle of the enterprises, and accordingly affect organization’s behaviors and transformation selection of the enterprises. This paper presents the patterns of incremental and radical transformation modes based on the entrepreneur’s behaviors. The results of this paper contribute and enrich the theoretical framework of the relationship between entrepreneur’s behavior and business transformation, and present referral value for the transformation of Hi-Tech SMEs.
Yubin Liu, Tianjin University of Finance and Economics, China
Shaoqing Geng, Tianjin University of Finance and Economics, China
Stream: Cognitive and Behavioral Sciences
This paper is part of the ACSS2017 Conference Proceedings (View)
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