Strategic Views of Hong Kong SMEs Responding to the Post-COVID Recovery
Abstract
The health crisis caused by the current pandemic has been of such magnitude that the drop-off in economic and business
activities in Hong Kong is generating an economic and social crisis with consequences that are not easy to measure and recover.
This study analyses the origins and evolution of the coronavirus pandemic. It reviews the literature related to the impacts and
recovery strategies that will improve the local economy, especially in SME and entrepreneurship policy measures implemented
during the post-stage of pandemic crisis. This paper also formulates a practical approach to help management decisions addressing
three challenges: First, to continue support measures to the current situation of COVID effect; second, to measure the potential
strengthening of SMEs in dealing with COVID; and third, to introduce effective and practical strategic policies that foster SME
recovery.
activities in Hong Kong is generating an economic and social crisis with consequences that are not easy to measure and recover.
This study analyses the origins and evolution of the coronavirus pandemic. It reviews the literature related to the impacts and
recovery strategies that will improve the local economy, especially in SME and entrepreneurship policy measures implemented
during the post-stage of pandemic crisis. This paper also formulates a practical approach to help management decisions addressing
three challenges: First, to continue support measures to the current situation of COVID effect; second, to measure the potential
strengthening of SMEs in dealing with COVID; and third, to introduce effective and practical strategic policies that foster SME
recovery.
Keywords
Strategic View; Hong Kong SME; Post-COVID Recovery
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PDFReferences
[1] Zhao. L. (2021). Why Hong Kong’s Small Businesses Need to Reimagine Future Growth. Hong Kong Business. Vol 12. P.18-25.
[2] Niemimaa, M. et al. (2019). Business continuity of business models: Evaluating the resilience of business models for contingencies. International Journal of Information Management. Vol 49, p.208-216.
[3] Capel, M. et al. (2020). The Impact of the COVID-19 Crisis on the Perception of Business Risk in the SME Segment. Journal of International Studies. Vol 3, p.248-263.
[4] Priyono, A. et al. (2020). Identifying Digital Transformation Paths in the Business Model of SMEs during the COVID-19 Pandemic. Journal of Open Innovation and Technology. Vol 6, p.111-120.
DOI: http://dx.doi.org/10.18686/ahe.v6i11.4933
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