Research on the Development Status and Problems of Scientific and Technological Small and Medium-Sized Enterprises

Abstract

This paper is aimed at figuring out the elements which a technology-based small and medium-sized enterprise should have in order to further growth. Based on the deconstruction of the development of this kind of enterprise, the paper summarizes the current development problems of domestic technology-based small and medium-sized enterprises. The development of science and technology small and medium-sized enterprises in China is mainly faced with the problems of limited number and regional imbalance. In some undeveloped regions, the local governments are relatively more willing to invest their restricted capital to infrastructure construction and do not pay enough emphasis on innovation activities. Taking TianJin Chase Sun Pharmaceutical as an example, this paper investigates the management mechanism and financial information to study the development factors of Chase Sun Pharmaceutical, using SWOT analysis and financial indicators analysis. CSP has converted from an enterprise on the verge of bankruptcy to a “Little Giant” enterprise that has strong research and development abilities. The case analysis reflects the development hindrance factors such as achievement transformation level, financing difficulties, and management defects, and further puts forward countermeasures and suggestions. Through this analysis, more specific information and experience on the development of science and technology in small and medium-sized enterprises in China is expected to be verified.