China's SMEs and their competitive advantages
Abstract
Academic articles have a purpose. 1) study the competitive advantage of SMEs in China. The qualitative research method is document analysis, analysis, synthesis and descriptive presentation.
The study found that SMEs are an important foundation for building a modern economic system and promoting high-quality economic development. They are an important source of support for expanding employment and improving people’s livelihoods, and are an important source of entrepreneurs. Therefore, good SME business is of great significance for stabilizing employment, finance, foreign trade, investment and expectations, and enhancing the competitiveness of the economy in the long run. The concept of creating competitive advantage for SMEs, focusing on current demand and value creation, has gradually taken an important position in all countries’ industries. The construction of supply chains starts from the selection and allocation of materials to the production process, which allows Chinese garment and textile enterprises to improve production efficiency based on quality, and has important advantages in rapid response and relatively low labor cost, which makes Chinese garment and textile products highly competitive in the international market. The establishment of competitive advantages is 1) effective supply chain management, 2) product differentiation and innovation, which are competitive advantages that create distinctiveness and value for products, and 3) rapid response to customer needs creates satisfaction and impression of the organization’s services.
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