The Financial Resource Limitations of Small and Micro Enterprises in the Magnetic Material Industry in Terms of Strategic Choices: Taking Zhejiang Guomai Magnetic Material Technology Co., Ltd as an Example

Ruotian Li

2025

Abstract

Small and micro enterprises play an important role in economic development, but due to the limitation of financial resources, they face many challenges in strategic choices. China's magnetic material industry is growing rapidly under the impetus of policy support, technological progress and downstream demand expansion. This paper focuses on the limitations of financial resources of small and micro enterprises in the magnetic material industry, and discusses its impact on strategic choices by taking actual specific enterprises as examples. This paper argues that the limitations of financial resources limit the company's strategic choices of small and micro enterprises, making them more inclined to choose market-focused and conservative growth strategies, and the limitations of financial resources make small and micro enterprises competitive strategic choices, unable to play the cost-leading advantage, and the limitations of financial resources will lead to the inability of small and micro enterprises to establish local production facilities in their internationalization strategies, thus facing the risk of order loss and weakening market competitiveness when customers migrate abroad.

Paper Citation

in Harvard Style

Li R. (2025). The Financial Resource Limitations of Small and Micro Enterprises in the Magnetic Material Industry in Terms of Strategic Choices: Taking Zhejiang Guomai Magnetic Material Technology Co., Ltd as an Example. In Proceedings of the 2nd International Conference on E-commerce and Modern Logistics - Volume 1: ICEML; ISBN 978-989-758-775-7, SciTePress, pages 277-282. DOI: 10.5220/0013842700004719

in Bibtex Style

@conference{iceml25,
author={Ruotian Li},
title={The Financial Resource Limitations of Small and Micro Enterprises in the Magnetic Material Industry in Terms of Strategic Choices: Taking Zhejiang Guomai Magnetic Material Technology Co., Ltd as an Example},
booktitle={Proceedings of the 2nd International Conference on E-commerce and Modern Logistics - Volume 1: ICEML},
year={2025},
pages={277-282},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0013842700004719},
isbn={978-989-758-775-7},
}

in EndNote Style

TY - CONF

JO - Proceedings of the 2nd International Conference on E-commerce and Modern Logistics - Volume 1: ICEML
TI - The Financial Resource Limitations of Small and Micro Enterprises in the Magnetic Material Industry in Terms of Strategic Choices: Taking Zhejiang Guomai Magnetic Material Technology Co., Ltd as an Example
SN - 978-989-758-775-7
AU - Li R.
PY - 2025
SP - 277
EP - 282
DO - 10.5220/0013842700004719
PB - SciTePress