||Growthes of company in Taiwan often develop rapidly at the early stages. Critical core capabilities often develop along with growth. but are unable to adjust and collaborate with business strategies. This creates a big gap of internal resources with external environments. The results may be undesired and loss of control in business operations, and at worse, failure of business. By contrast, there are many excellent enterprises that can successfully match the growth model to core competencies. Their profit performances have been significant. Although performances have often employed financial indicators as proof of growth, in reality, under the influence of resource and strategy, many resource management activities have been overlooked, such as organization process and growth by learning. These are factors bar the growth of business performance. This study investigates such phenomenon by focusing on small and medium sized enterprises. It sought to study the impact of key success factors within the manager’s decision mindset on growth strategy, and the changes in growth model under the deployment of core capabilities.|
This study summarized the interaction between key factors within a strategy and the changes in internal and external environments, within the context of growth from early stages to significant scale. The study attempts to explore the impact of early stage activities on long term performance. Based on resource based theory, the management mindset in the industry was investigated, the impact of the resources on the industry’s growth strategy analyzed, thus identifying the key success factors on growth. This study carried out in-depth interviews with 5 business enterprises. The views and opinions of the top management team members and business owners were collected to identify the impact on key success factors on growth. Within the context of resource theory, the key factors of growth were analyzed. The optimum match between strategy, growth, structure and key success factors was identified.
This study attempted to identify the influence key success factors bear on growth, from the analysis of growth strategy in the enterprise. The study determined the key success factors underlying the operation structure required from early stages to sustained operation model. They were business vision, organization capabilities, target resources and innovation excising. It was through the identification of vision, organization strategy, efficient execution of strategic goal by the organization, and understanding of the key competencies required within the enterprise, that the enterprise could establish consensus and exit the bottleneck, such then the key competency factors could create long term profitability and success.