Study On The Growth Strategies Of The Small And Medium-sized Hi-tech Enterprises

Among all the enterprises in the world, small ones have absolute advantage. They are important parts of national economy in every country. And small and medium-sized Hi-tech enterprises(SMHE) are the most energetic and innovative part of them. They play an irreplaceable role in increasing employment, facilitating technical innovation, enlarging export and training entrepreneur. But insufficient research on SMHE has been a common phenomenon. Because of different points of view, these researches more or less have no clear pertinence and no good system. And they do not have sufficient persuasion in explaining the growth of small enterprises.The article suggests that we should study the growth strategies of SMHE from the perspective of enterprises and research on how to create an effective mechanism inside SMHE and establish the growth strategies of SMHE. SMHE have the common attributes of general enterprises for they are a subset of the small and medium-sized enterprises. But they also have their own special characteristics, so we can't simply use the general enterprise growth theory to explain and instruct the growth of SMHE. We firstly research on the key factors which influence the growth of SMHE considering their characteristics, and then outline the analysis framework of SMHE and design the quantitative analysis model of SMHE. The key factors include growth environment of enterprise, enterprise resource, technology innovation and the competence of entrepreneur. We put forward the choices of the integrative strategies and stage strategies based on the analysis of the existent problem of the growth strategies and particularities of SMHE and life cycle of enterprise. At last, we make an empirical analysis of growth strategies of the CNE Company.Finally, the article draws a conclusion that we should choose the integrative strategies and stage strategies of SMHE based on the four key factors.