Changing China: How SMEs are coping with an unplanned economy

Abstract

Purpose

This paper aims to review the latest management developments across the globe and pinpoint practical implications from cutting-edge research and case studies.

Design/methodology/approach

This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context.

Findings

The concept of “VUCA” – a commercial climate that has volatility, uncertainty, complexity and ambiguity – has its roots in the US military, where understanding such an environment helped with planning. For an ordered, regimented organization such as the armed forces, it was tempting to assume logic and form governed external society as well; however, this has rarely been the case in military deployment.

Practical implications

The paper provides strategic insights and practical thinking that have influenced some of the world’s leading organizations.

Originality/value

The briefing saves busy executives and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy-to-digest format.

Citation

(2017), "Changing China: How SMEs are coping with an unplanned economy", Strategic Direction, Vol. 33 No. 3, pp. 25-27. https://doi.org/10.1108/SD-12-2016-0167