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The aim of this project is to determine the association between different human resource management (HRM) practices and business success in small and medium enterprises in Hong Kong. The 1300 entrepreneurs were randomly drawn from the membership list of the Hong Kong Small and Medium Enterprise (SME) Association and the number of responded questionnaires was 394. Based on the responses, the extent of each HRM practice was correlated with the degree of business success. The correlation coefficient, Spearman r were ranged from 0.64 to 0.83. In conclusion, HRM practices were significantly correlated with business success in the SMEs in Hong Kong.
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Fanny Yuk Fun Young (2009) studied this question.
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