The purpose of this article is to explain and solve the early stage of High-tech small and medium-sized enterprises (SMEs) development issue in Tianjin, specifically the so-called Valley of Death. The Valley of Death is used as a metaphor to describe the relative lack of resources and expertise in the area of development. In this article, the resources and expertise mainly refer to the financing and loans required by high-tech SMEs in the early stage. Through the analysis of the actual situation of developing high-tech SMEs in Tianjin, the article illustrates organizations can bridge the Valley of Death through coordination and institutional support. The literature review and normative analysis methodology used in this study gathered data from literature and second-hand materials with extensive experience to construct the framework model of early stage development of Tianjin high-tech SMEs. Results indicate that institutional support has been very effective in addressing the Valley of Death. Implications of these findings suggest local government must understand the challenges in the valley, must facilitate the development of skills for the SMEs, and must supply the resources to SMEs.
<p>This paper first studies the importance of
high-tech SMEs, then briefly discusses the meaning of the Valley of Death, then
studies the difficulties faced by SMEs in Tianjin, and then analyzes the
coordination and institutional support for the resolution of Valley of Death.
The importance of the valley problem, combined with the actual situation in
Tianjin, studied some solutions for solving the problem of high-tech SMEs
facing the Valley of Death, and constructed a structural model for solving the
problem of death valley in Tianjin.</p>
<p>This paper first studies the importance of
high-tech SMEs, then briefly discusses the meaning of the Valley of Death, then
studies the difficulties faced by SMEs in Tianjin, and then analyzes the
coordination and institutional support for the resolution of Valley of Death.
The importance of the valley problem, combined with the actual situation in
Tianjin, studied some solutions for solving the problem of high-tech SMEs
facing the Valley of Death, and constructed a structural model for solving the
problem of death valley in Tianjin.</p>
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.