Analysis and Countermeasures of SME's Financial Crisis

The external environment is the incentive for SMEs to financial crises,and the fundamental reasons of the financial crisis lie in the core competence including the enterprise management level,capacity development,technical innovation and the level of product technology.The prevention of SME financial crisis based on the core competitiveness should start from the some aspects,such as establishing healthy financial management system,strengthening crisis consciousness,forming a scientific decision-making model,and building the financial crisis early warning system based on the core competitiveness of SMEs.