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Journal articles on the topic 'Digitization SMEs'
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Marcysiak, Agata, and Żanna Pleskacz. "Determinants of digitization in SMEs." Entrepreneurship and Sustainability Issues 9, no. 1 (2021): 300–318. http://dx.doi.org/10.9770/jesi.2021.9.1(18).
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RAHMAJATI, EMIR SURYA, and POPPY DIAN INDIRA KUSUMA. "EFFORTS TO IMPROVE SMES PERFORMANCE IN PURWOKERTO THROUGH FINANCIAL LITERACY, FINANCIAL INCLUSION AND DIGITATION." Al-Masraf: Jurnal Lembaga Keuangan dan Perbankan 8, no. 1 (2023): 114. http://dx.doi.org/10.15548/al-masraf.v8i1.613.
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This study aims to examine the effect of financial literacy, financial inclusion, and digitization on the performance of SMEs. This study is quantitative and uses a survey method to collect data. An online questionnaire was distributed to respondents from SME managers in Purwokerto city. Data were analyzed using multiple regression analysis. The sample in this study was 118 respondents selected using a convenient sampling method. The results show that financial literacy, financial inclusion, and digitization positively affect SMEs’ performance. The results imply the importance of increasing financial literacy, financial inclusion, and digitization among SMEs in Purwokerto. The findings emphasize the crucial role of financial literacy, financial inclusion, and digitization in enhancing the performance and sustainability of SMEs in Purwokerto. These implications can lead to a supportive ecosystem that empowers SMEs, fosters economic growth, and creates regional employment opportunities.
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Ali, Zulqurnain, Bi Gongbing, and Aqsa Mehreen. "Does supply chain finance improve SMEs performance? The moderating role of trade digitization." Business Process Management Journal 26, no. 1 (2018): 150–67. http://dx.doi.org/10.1108/bpmj-05-2018-0133.
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Purpose A growing need for financing in small and medium enterprises (SMEs) has become a significant obstacle to the development of firms. To remove this barrier, the purpose of this paper is to examine how supply chain finance (SCF) assists the firms to improve their performance by utilizing the resource-based view (RBV). Furthermore, the present study also pursues to test the effect of trade digitization as a moderating variable in the relationship between SC finance and the firm performance. Design/methodology/approach Using data from the textile sector, the authors run confirmatory factor analysis in AMOS 24 and hierarchical linear regression model in SPSS 23 to measure the proposed model and hypotheses, respectively. Findings The study suggests that SCF significantly improves the SMEs performance. Moreover, trade digitization strengthens the relationship between SCF and SMEs performance. Thus, the current study significantly describes the firm RBV through SCF and trade digitization to predict the SMEs performance. Practical implications SMEs entrepreneurs or executives can optimize the working capital through SCF and enhance the visibility of transactions through digitization for improving SMEs performance. Moreover, SCF protects the SMEs due to its nature of risk mitigation strategy. Originality/value This study covered the unexplored gap in the previous literature of supply chain management by establishing the relationship between SCF and the firm performance empirically while identifying the role of trade digitization as moderating variable in the context of textile SMEs by employing RBV theory.
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Iva Chandraningtyas, Sudarmiatin, and Imam Mukhlis. "The Effect of Learning Orientation and Digitalization of MSMES on the Implementation of MSME Internationalization." International Journal of Economics (IJEC) 1, no. 2 (2022): 291–99. http://dx.doi.org/10.55299/ijec.v1i2.169.
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The purpose of this study was to examine the relationship between the variables of learning orientation, the digitization of SMEs and the implementation of the internationalization of SMEs. This research uses quantitative research. Data were collected from 82 respondents using a survey. Respondents of this study were SMEs engaged in handicrafts and accessories. The SEM_PLS data analysis technique uses the SMART-PLS application. The results of the hypothesis test show that (1) there is a significant effect of the digitization of SMEs on the implementation of the internationalization of SMEs. (2) There is a significant influence of the learning orientation variable on the digitization of MSMEs. (3) There is no significant effect of learning orientation variable on the implementation of MSME internationalization.
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Ghimire, Aarashi, Bikash Jaiswal, Jasmine Shrestha, Kripa Shrestha, and Souhard Shrestha. "COVID-19 and Digitization of SMEs: The Impact and Way Forward." New Perspective: Journal of Business and Economics 6, no. 1 (2023): 83–90. http://dx.doi.org/10.3126/npjbe.v6i1.58918.
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The Covid-19 pandemic has brought significant changes to the global economy, particularly in terms of digitization. This study aims to examine the role of digitization in helping small and medium-sized enterprises (SMEs) survive during the pandemic in Nepal and assess its sustainability for the future. The sample for this study consists of 52 SMEs from various industries such as clothing, food, and retail businesses. A quantitative research approach is employed to analyze the data. The findings of this study indicate that there was little to no change in the adoption of digitalization among SMEs before and after the crisis. This suggests that the level of digitization in SMEs remains relatively unchanged in the post-Covid-19 period. However, in terms of sustainability, the study reveals that SMEs need to undergo digital transformation to ensure their long-term viability. This finding aligns with previous research that emphasizes the importance of digital technologies for SMEs in emerging markets.
 The literature review supports the notion that social media advertising can increase brand loyalty and provide opportunities for direct interaction with potential customers. Additionally, studies have shown that social media influencers have a positive impact on the buying decision process of customers. Furthermore, research has demonstrated that social media marketing influences consumer decision-making processes.
 It underscores the potential benefits of digitization in terms of survival and sustainability. The findings suggest that SMEs should prioritize digitalization efforts to adapt to the changing business landscape and enhance their competitiveness.
 In conclusion, this study emphasizes the importance of digitization for SMEs in Nepal, particularly in the context of the Covid-19 pandemic. The findings indicate the need for SMEs to embrace digital transformation to ensure their long-term viability.
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Takov, Boyko. "State and Barriers to the Digitalization of Small and Medium-Sized Enterprises in Bulgaria." Strategies for Policy in Science and Education-Strategii na Obrazovatelnata i Nauchnata Politika 32, no. 1s (2024): 163–72. http://dx.doi.org/10.53656/str2024-1s-13-sta.
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In the year 2021, small and medium-sized enterprises (SMEs) constituted 99.81% of the total number of enterprises in Bulgaria. The number of individuals employed by SMEs accounted for 74.2% of the entire workforce. These enterprises contributed 66.5% of the overall economy’s added value, and this share has consistently been on the rise. Their development significantly influences the employment rate, overall economic growth, and the prosperity of our nation. Technological advancements and recent crises in recent years have spurred accelerated digitization across all spheres of public life, including business sector. It is increasingly penetrating SMEs in Bulgaria, albeit with a certain lag compared to the EU. There is no doubt that the digitization of SMEs serves as a crucial mechanism for achieving competitiveness and economic success, not only for the enterprises themselves, but also for our country as a whole. Given this context, the objective of this publication is to briefly present the summarized results of an analysis of the level of digitization of SMEs in Bulgaria and the examination of the key factors hindering its further development, serving as barriers to its progress. These findings can be valuable for guiding the efforts of managers and government entities in fostering the advancement of digitization in SMEs.
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Elsaman, Hosam Azat, Tamadher Aldabbagh, Dina Sabry Said, Suriya Kumaran Kousihan, and Genaro V. Japos. "Do the innovation and digital transformation strategies induce sme performances In new normal era? Structrual & confirmatory analysis models." Acta Innovations, no. 47 (January 11, 2023): 41–55. http://dx.doi.org/10.32933/actainnovations.47.4.
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One of major challenge in a sustainable growth, which organizations face is a slow adoption of the digital transformation. This research work presents the reasons that lead to the slow digitization process in medical device SMEs in southern Germany. In addition, by developing the conceptual model, this work highlights the effect of these improper implementations on SME's business performances and financial situation. The researchers applied correlational research design methodology, with simple random sampling techniques along with empirical and statistical study with primary data collection. The main study variables are SME’s financial situation, SMEs organizational performance, and medical digitization rules. The study demonstrated the negative impact of delayed digital mechanisms in terms of businesses and financial performances.The extra transparency restrictions that add burdens for SMEs, and the lack of training for the employees, which in overall add more difficulties for adopting innovation and digital transformation are other factors negatively affecting the studied process.
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Yakob, Freddy. "Increasing Literacy of Cooperatives and SMEs through Library Digitization of the Ministry of Cooperatives and SMEs." MEDIASI Jurnal Kajian dan Terapan Media, Bahasa, Komunikasi 3, no. 2 (2022): 175–95. http://dx.doi.org/10.46961/mediasi.v3i2.569.
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The internet era's evolution now compels all aspects of life to converge. Literacy, for example, has always been tightly linked to literature. The use of libraries as a storefront for literacy resources is also a cause of concern. As a result, digitization of cooperatives has become a top priority in promoting literacy, particularly among cooperatives and small businesses. This study focused on the digitization process at the Ministry of Cooperatives and Small Businesses Library. Observation of participants was used, with the author acting as a recording device in the process. Planning, digitalization, and finalization are the three key stages of the digitization process. A traditional library can now be accessed online, albeit with limited coverage. It is open to the entire public.
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Seseli, Eka Merdekawati Imeda, Kathleen Asyera Risakotta, and Adhi Bawono. "The Role of Accounting Digitization in Entrepreneurial Success in West Java : Quantitative Study of Efficiency, Accuracy, Cost Reduction, Customer Satisfaction, and Data Security." ES Accounting And Finance 1, no. 02 (2023): 82–94. http://dx.doi.org/10.58812/esaf.v1i02.65.
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The aim of this study was to investigate the role of accounting digitization in entrepreneurial success in West Java. A quantitative research approach was used, and data were collected from 250 small and medium-sized enterprises (SMEs) using a structured questionnaire. The study analyzed the impact of accounting digitization on efficiency, accuracy, cost reduction, customer satisfaction, and data security using Structural Equation Modeling (SEM) with Smart PLS software. The results of the study showed that accounting digitization has a significant positive impact on all five constructs. Specifically, the use of accounting digitization tools improves the efficiency and accuracy of accounting processes, leading to cost savings and increased customer satisfaction. Additionally, data security measures are crucial to protect sensitive financial information. The study highlights the importance of government support and policies that encourage the adoption of accounting digitization by SMEs in West Java. This can help SMEs to remain competitive in the global market, increase productivity, and create more job opportunities. However, the study has some limitations, such as the focus on only one region and the use of a quantitative research approach. Future research can use a qualitative research approach to gain more in-depth insights into the experiences and perceptions of SME owners and managers regarding accounting digitization.
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Alhammadi, Saeed, and Syed Abidur Rahman. "Digital Economy and Green Behaviors in Context of Economic Vision 2030: A Case of Small and Medium Enterprises in UAE." International Review of Management and Marketing 15, no. 3 (2025): 86–97. https://doi.org/10.32479/irmm.17993.
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Unprecedented global issues in the recent past have shifted the focus of world economies towards digitization and UAE is of no exception. This study aims to highlight how effectively SMEs have embraced digitization under the umbrella of economic Vision 2030 and what challenges they have faced during adoption. Qualitative research strategy is adopted to carry out this study. The responses have been collected from 10 SME owners and 10 government officials. Results of the study revealed that SMEs have demonstrated their important function in accomplishing the UAE’s Economic Vision 2030. Digital technologies have not just improved operational efficiency for these businesses but also helped to achieve the wider economic diversification aims of UAE. Similarly, role of digitization is also crucial in adopting the green practices by SMEs yet number of SMEs has still to materialize this aspect in true spirit. Many enterprises have shown their keen interest in adopting green practices and are also implementing one way or another. However, challenges such as high initial costs and lack of skill set hinders the implementation.
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Khan, Muhammad Ehtesham, and Muhammad Zulqarnain Siddiqui. "EVALUATING THE IMPACT OF DIGITAL TRANSFORMATION & INNOVATION MANAGEMENT STRATEGIES ON SMEs PERFORMANCE IN THE EMERGING ECONOMIES." DECEMBER 02, no. 02 (2023): 297–305. http://dx.doi.org/10.53664/jssd/02-02-2023-14-297-305.
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This study aims to examine the profound effects of digital transformation strategies encircling digitization strategies and usage, alongside innovation management focusing on organizational, product and process innovations on performance of Small and Medium Enterprises (SMEs) operating within emerging economies. Employing a quantitative research approach, data were collected from the sample size of 300 managers representing various SMEs across multiple sectors within the emerging markets. Findings revealed significant & positive correlation between adoption of robust digitization strategies and enhanced SME performance. Also, effective implementation of innovation management practices, including organizational, product, and process innovations, displayed the strong positive association with the improved SME performance indicators. The study's outcomes underscore critical role played by strategic digitization and innovation management within SMEs operating in emerging economies, emphasizing the need for proactive adoption and effective utilization of the digital strategies and innovative practices to foster growth & competitiveness in these dynamic markets.
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Valdez-Juárez, Luis Enrique, Elva Alicia Ramos-Escobar, and Edith Patricia Borboa-Álvarez. "Reconfiguration of Technological and Innovation Capabilities in Mexican SMEs: Effective Strategies for Corporate Performance in Emerging Economies." Administrative Sciences 13, no. 1 (2023): 15. http://dx.doi.org/10.3390/admsci13010015.
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Latin American SMEs currently have serious financial and technological limitations. These problems have generated poor progress in technological digitization, innovation management, and corporate performance. The purpose of this research is to first analyze the direct effect that digitalization has on the management of innovation and corporate performance of Mexican SMEs. Secondly, the moderating effect that technological barriers have on the digitization, innovation, and results of the corporate performances of Mexican SMEs is examined. This study compiles information from a sample of 4121 managers of SMEs in the service trade and manufacturing sector. The information collection technique was through a personal interview (online questionnaire) addressed to the owner and/or manager of the SMEs through the LimeSurvey Professional platform. The fieldwork was carried out during the months of January to July of the year 2022. The structural equations model (SEM) was used for data analysis, specifically with the statistical technique of analysis of variance through the partial least square (PLS). The findings revealed that digitization has positive and significant effects on innovation management and corporate performance. In addition, the results indicate that the barriers to digitalization as a moderating variable have been impeding development and digital transformation and reducing the results of innovation and corporate performance of Mexican SMEs. This study contributes to the development of dynamic capabilities theory.
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Abu Hasan, Norraidah, Memiyanty Abd Rahim, Saidah Hamizah Ahmad, and Meliza Meliza. "Digitization of Business for Small And Medium-Sized Enterprises (SMEs)." Environment-Behaviour Proceedings Journal 7, no. 19 (2022): 11–16. http://dx.doi.org/10.21834/ebpj.v7i19.3270.
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Digitalization is critical for the long-term viability of small businesses in the new economy. As global digitalization accelerates, Malaysian SMEs must embrace the digital economy to contribute to economic growth. A critical issue confronting SMEs in the aftermath of the COVID-19 pandemic is adopting a digital business model. This study examines the importance of embedding digital technology into business models among SMEs, which has been shown to increase long-term productivity and sustainability. Technology adoption will help close the productivity gap between SMEs and large corporations by increasing capacity and capability for greater competitiveness and innovation. Keywords: Small-Medium Enterprise (SME); digitalization; resource-based view; performance eISSN: 2398-4287 © 2022. The Authors. Published for AMER ABRA cE-Bs by e-International Publishing House, Ltd., UK. This is an open access article under the CC BYNC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/). Peer–review under responsibility of AMER (Association of Malaysian Environment-Behaviour Researchers), ABRA (Association of Behavioural Researchers on Asians/Africans/Arabians) and cE-Bs (Centre for Environment-Behaviour Studies), Faculty of Architecture, Planning & Surveying, Universiti Teknologi MARA, Malaysia. DOI: https://doi.org/10.21834/ebpj.v7i19.3270
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Strilets, Viktoriia, Serhiy Frolov, Viktoriia Datsenko, Oksana Tymoshenko, and Maksym Yatsko. "State support for the digitalization of SMEs in European countries." Problems and Perspectives in Management 20, no. 4 (2022): 290–305. http://dx.doi.org/10.21511/ppm.20(4).2022.22.
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COVID-19 and Russia’s war against Ukraine have created many challenges for the business models of SMEs, stimulating them to develop alternative forms of business. Among the key alternatives, one should single out digitization. However, imperfections of Ukraine’s state support system for digital transformation necessitate adapting the positive practice of leading countries with excellent business digitalization. Therefore, this paper structures the practical experience of state support of European countries in the digitalization of SMEs. The study conducts a cluster analysis to identify countries whose experience in state support for business digitalization is the best for adoption. Clustering employed the criterion of using key digitization instruments: internet of things, integration of business processes into electronic processes, digital integration with customers/suppliers, cloud services, big data analysis, and artificial intelligence. Thus, 4 clusters were identified (the first cluster comprises 16 countries, the second – 2, the third – 5, and the fourth – 7). These findings contributed to the selection of some key measures. They included: expanding the financial capabilities of SMEs to adopt digital technologies in their processes; formation of digital hard skills among entrepreneurs and increasing the personnel potential of SME digitization; creation of a favorable business environment to stimulate the digital activity of SMEs; and popularization of business digitalization strategy as a component of digital transformation strategy in society.
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Sari, Diana, Kurnia Khafidhatur Rafiah, and Wa Ode Zusnita Muizu. "Antecedents of the Digitization of Small and Medium Enterprises: Case in Sumedang Indonesia." Kontigensi : Jurnal Ilmiah Manajemen 11, no. 1 (2023): 102–14. http://dx.doi.org/10.56457/jimk.v11i1.351.
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This study aims to analyse digital readiness of SMEs (Small and Medium Enterprises), especially in Sumedang district, as well as what factors must be optimized for SMEs to be able to adopt the development of digitalization. Quantitative and qualitative methods were used simultaneously in this research. Questionnaires were distributed offline and online through exhibitions, communities, community service activities, and social media. However, the data has been collected and valid is 182 data. As for calculating the level of digitization, it was adapted from the calculations carried out by previous researchThe results of data processing show that level of digital readiness of SMEs in Sumedang is still low, it’s at level 1 (Digital outsider). The results showed that from 5 variables: people, strategy, process, integration, and technology, the majority of SMEs in Sumedang were more prepared in terms of process and integration. The findings of this study indicate various parties who support development of SMEs towards digitalization must pay attention to readiness of SMEs and optimize assistance and/or training on aspects that hinder the adoption of digitalization such as lack of knowledge about service providers and technology, increase collaborating, etc.
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Sulis, Rochayatun, Handayati Puji, and Hermawan Agus. "Digitalization: Reveal the Resilience and Sustainability of SMEs in the Covid-19 Pandemic." Journal of Economics, Finance And Management Studies 5, no. 04 (2022): 936–43. https://doi.org/10.5281/zenodo.6409325.
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This research aims to reveal the digitization of SMEs how they can continue to survive in the pandemic era and be sustainable. The analysis uses a qualitative case study approach based on semi-structured interviews that allow for personal, actual interpretation and a reduction in general explanations. Cases are selected based on established criteria for SMEs in Malang City. Data collection was carried out by exploring related SMEs social media sites, direct observation of offline stores and candid interviews with business owners. SMEs selected according to the criteria set to be the object of research are Serena Cookies, Cornelia and Anda Cookies. The study results revealed that the SMEs studied were able to survive in the pandemic era with relatively stable business conditions. The business management carried out is with online and offline management models, which require the digitization capability of each business manager. The results of this study can be a reference for managing SMEs businesses engaged in the food industry sector, how to order online and offline to continue to survive not only during the pandemic but further for long-term business sustainability by continuing to improve their digital capabilities.
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Fusko, Miroslav, Ľuboslav Dulina, Peter Bubeník, Monika Bučková, Marta Kasajová, and Radovan Svitek. "THE IMPORTANCE OF DIGITIZATION AND INNOVATIONS FOR SMALL AND MEDIUM-SIZED ENTERPRISES." Proceedings of CBU in Economics and Business 2 (October 24, 2021): 32–40. http://dx.doi.org/10.12955/peb.v2.252.
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The importance of new disrupting technologies and innovations is crucial for Small and Medium-Sized Enterprises (SMEs). SMEs are critical to large factories because, in many cases, they are their suppliers. Therefore, there is a need for digitization solutions, innovative approaches, and disruptive technologies in these factories. These areas significantly disrupt the usual processes in SMEs. SMEs thus have to deal with significant changes in their business in a relatively short time. The benefits of new approaches for SMEs are described in the second half of the article in the case study. This study deals with the possibility of using a software tool from previous research on the workplace for the production planning and logistics systems team in the selected Slovak factory. The paper itself focuses on the Slovak engineering industry, digitalization and innovations. The selected factory manufactures compressor technology. The factory did not hesitate to use the possibility of cooperation and verification of various functionalities. The cooperation aimed to analyze the current state of production of the selected product and the subsequent design of increasing productivity and economic efficiency concerning improving its internal conditions.
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Dyussembayeva, Lazzat, Eleanora Urazmagambetova, and Zura Rakisheva. "Digitization and social response of SMEs to the COVID-19 pandemic." E3S Web of Conferences 395 (2023): 05002. http://dx.doi.org/10.1051/e3sconf/202339505002.
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Digitalization is crucial for the long-term viability of small businesses in the new economy. As global digitalization accelerates, Kazakhstan’s small and medium-sized enterprises should use the digital economy to promote economic growth. More and more companies are switching to digital technologies: more and more companies, especially import and export companies, are using digital technologies to adapt to the crisis.This article conducted an online survey of 400 Kazakhstani SMEs, which examines the relationship between digitalization, strategies for responding to the COVID-19 crisis. The survey results clearly show that digitalization helps SMEs to take emergency response measures, as well as to respond strategically to social crises in the long term, thereby contributing to the improvement of the performance of SMEs.
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Radulescu, Irina, and Alexandru Radulescu. "Case study concerning successful Romanian SMEs development by students education and entrepreneurial training." Journal of Research and Innovation for Sustainable Society 3, no. 1 (2021): 18–24. http://dx.doi.org/10.33727/jriss.2021.1.3:18-24.
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The European Commission has published in 2020 the SMEs Strategy for a Sustainable and Digital Europe that aims to increase the number of SMEs engaged in sustainable business practices, as well as the SMEs number that use digital technologies. Important opportunities for SMEs can be provided by digitization, to improve the production processes efficiency and the ability to innovate products and business models, by using advanced disruptive technologies. Good management is needed for a successful SME, education and entrepreneurship training have the role of consolidating business knowledge and skills. Educational activities and skills upgrading are essential for all SMEs managers and employees. Romania is on the last place in EU, regarding SMEs number and it ranks 11th place out of 28, in terms of connectivity. Regarding the digital maturity of Romanian SMEs, the White Papers on Romanian SMEs presents their main working elements: computer, e-mail applications, internet, intranet, social networks, the company's own website, online sales / purchases transactions. The objectives of the Bachelor's degree specialization of Economic Engineering in Mechanical field and Industrial Entrepreneurship Master are students training and education, in order to be able to sustain digitization and sustainable technologies. The university curriculum and the educational disciplines offered by the Economic Engineering in Mechanical field specialization and Industrial Entrepreneurship Master is connected to the society requirements and must follow the economic trend, by educating, training and getting good specialists. Keywords: SMEs development, education, entrepreneurship
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Tobon-Valencia, Estefania, Samir Lamouri, Robert Pellerin, and Alexandre Moeuf. "Modeling of the Master Production Schedule for the Digital Transition of Manufacturing SMEs in the Context of Industry 4.0." Sustainability 14, no. 19 (2022): 12562. http://dx.doi.org/10.3390/su141912562.
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The purpose of this article is to propose a guide for the digital transformation (4.0) of a manufacturing SME’s medium-term production planning process, the master production schedule (MPS). A model of the current MPS process of a group of SMEs is presented as a starting point toward digitization. The current state of this process reveals a lack of tools to support decision making and the need to increase the reliability of input data and to make the process more agile. Industry 4.0 technologies and process modeling could increase agility in the planning process. However, the digital transformation of medium-term planning activities in SMEs has not been studied. To fill this gap, a group of six experts was consulted. The novelty of this study was to identify the Industry 4.0 technologies that could improve medium-term planning and integrate them into a standardized MPS process model. This model is an ultimate point of digitization that cannot be achieved immediately by any SME, but only after several cycles of planning, deployment, and improvement. Therefore, this research also provides a method to help SMEs determine how to start the digitization of their MPS process.
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Hasanova, Jamila, and Kamala Najafova. "Digitization, Automation Problems and Solutions in Small Business on the Example of Azerbaijan." WSEAS TRANSACTIONS ON BUSINESS AND ECONOMICS 22 (June 20, 2025): 1358–69. https://doi.org/10.37394/23207.2025.22.110.
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Digital transformation processes are having a significant impact on the business sector of Azerbaijan, creating new opportunities for the development of small and medium-sized businesses (SMEs), in particular. Automation is often associated with innovation, efficiency, and competitiveness, which are essential elements for the growth of SMEs in a developing economy. The study aimed to examine the technological, market, and cultural factors influencing the tendencies of SMEs to switch to automated management. The analysis of the tendencies of SMEs to switch to automated management in Azerbaijan is relevant due to its potential to contribute to economic development, reveal cross-cultural dynamics, and increase business adaptability. The article also examines the main problems of small and medium-sized businesses in the implementation of automation systems, such as cybersecurity, technical integration, and bureaucratic obstacles. In addition, the article explores how automation helps employees focus on more valuable activities, simplifying their work processes. The importance of increasing investments in training programs, strengthening collaboration with automation vendors, and developing risk management strategies to enhance the potential of SMEs in the field of digitalization was highlighted. The main purpose of the study is to study and gain a deep understanding of the factors influencing the transition of small and medium-sized businesses (SMEs) to automated management systems in Azerbaijan. This study, which analyzes the nuances of technology adoption, cultural influences, political factors, and market competitiveness, aims to provide valuable suggestions and recommendations to policymakers, businesses, and stakeholders investing in the development and sustainability of small and medium-sized businesses.
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Vineet Pandey, Sudesh Kumar, Sumit Gupta, and Amit Kumar. "Assessment of COVID-19 impact on the digitization of Small and Medium Enterprises (SMEs) in India." International Journal of Science and Research Archive 11, no. 1 (2024): 077–89. http://dx.doi.org/10.30574/ijsra.2024.11.1.1120.
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This paper sets out to construct a digitization system for sustainability in small and medium-sized enterprises (SMEs). SMEs are the most exposed to the adverse consequences of Covid-19. When people exercise social distancing, they decrease their activity levels outside their homes, resulting in low volume in sales. Because of this, SMEs must shift their mindset by using technological transformation. Compared to offline enterprises, digital SMEs may diversify consumer groups quickly by increasing revenue, providing access to a more extensive client base, increasing operational efficiency, and improving customer experience. SMEs can be expected to maintain their sustainability as a result. But for some SMEs, it is not easy to comprehend the specific digital competencies relevant to their business. However, during the study, it was discovered that online businesses could result in long-term sustainability for their firm, both present and future.
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Taiminen, Heini Maarit, and Heikki Karjaluoto. "The usage of digital marketing channels in SMEs." Journal of Small Business and Enterprise Development 22, no. 4 (2015): 633–51. http://dx.doi.org/10.1108/jsbed-05-2013-0073.
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Purpose – The purpose of this paper is to provide insights into the utilization and goals of digital marketing, and examines factors that influence the adoption and use of digital marketing channels in SMEs. Design/methodology/approach – The data comprises semi-structured theme interviews in SMEs among 16 managers and 421 survey respondents in Central Finland. Findings – The results of this study reveal that SMEs seem not use the full potential of the new digital tools, and so are not deriving benefit from the opportunities they provide. Furthermore, the results also raise the question of whether SMEs have understood the fundamental change in the nature of communication brought about by digitization. Research limitations/implications – The data comes from one region and thus the research context limits the generalizability of the results. Practical implications – SMEs seem not to be keeping pace with digital developments, mostly due to the lack of knowledge of digital marketing. Most of the studied SMEs do not apply the full potential of the new digital tools and hence are not benefitting fully from them. Social implications – Discussions on the future regional development of SMEs have called for training programmes to help SMEs exploit digitization. This is something that the government should take note of. Originality/value – Whereas the adoption process of new technologies such as IT in general and the internet in particular have been examined in the SME literature, this is among the first studies examining adoption and usage of digital tools from the marketing perspective.
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CODREANU, Carmen Mariana. "The Benefits of Digitization for Small and Medium Enterprises." Anuarul Universitatii "Petre Andrei" din Iasi - Fascicula: Drept, Stiinte Economice, Stiinte Politice 28 (December 10, 2021): 100–106. http://dx.doi.org/10.18662/upalaw/70.
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Digital technologies are awaited to have an enormous influence on developing countries’ forecasts for economic growth. Digitization will remodel business activities in many directions. Many organizations and services have remained unlocked during COVID-19 by embracing new concrete distancing practices and technology to maintain their business running and their workers secure. The SME sector is essential to economies around the globe. With normality and revival from the pandemic in sight, it is more important than ever for SMEs to highlight from opponents, be as efficient and successful as possible and provide help to the country’s economic recovery. The devices and technology available now can assist to reduce costs, grow effectiveness and grow appearance. By projecting a digital transformation journey and using the first measures to develop a business by inserting in place simple but efficient digitalization devices, SMEs can help future-proof their offering and establish flexibility for years to arrive.
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Surya, Batara, Hernita Hernita, Agus Salim, et al. "Travel-Business Stagnation and SME Business Turbulence in the Tourism Sector in the Era of the COVID-19 Pandemic." Sustainability 14, no. 4 (2022): 2380. http://dx.doi.org/10.3390/su14042380.
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The COVID-19 pandemic, apart from having an impact on public health, has also caused the stagnation of travel-bureau businesses and the management of small and medium enterprises (SMEs) in the tourism sector. This study aims to analyze the COVID-19 pandemic as a determinant of travel-business stagnation and turbulence in small and medium enterprises (SMEs), the influence of human resources, business development, and product marketing on the productivity of the travel and SME business, the direct and indirect effects of business innovation, economic digitization, and the use of technology on business stability and economic-business sustainability. This study uses an explanatory sequential qualitative–quantitative approach. Data were obtained through observation, in-depth interviews, surveys, and documentation. This study is focused on assessing the efforts made by travel-agency-business actors and SMEs in responding and adapting to changes in the business environment, both internally and externally. Human resources, business development, and product marketing together affect the productivity of travel agents and SMEs with a coefficient of determination of 95.84%. Furthermore, business innovation, economic digitization, and the use of technology simultaneously affect business stability with a coefficient of determination of 63.8%, and business stability affects the sustainability of travel and SMEs with a coefficient of determination of 67.6%. This study recommends a strategy for travel-agency-business sustainability and the stability of SMEs’ economic-business management towards increasing economic growth in the North Toraja Regency, South Sulawesi, Indonesia.
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Jercan, Emilia, and Teodora Nacu. "The Use of Information Technology in SMEs: Advantages and Main Challenges." Proceedings of the International Conference on Business Excellence 18, no. 1 (2024): 3465–75. http://dx.doi.org/10.2478/picbe-2024-0281.
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Abstract From the beginning of the 20th century, a lot of research has been conducted on how SMEs contribute to the development of innovative activities and vice versa, on how new technologies and innovation have the potential to influence small and medium-sized enterprises (SMEs). Nowadays, given the highly competitive and dynamic business environment, SMEs are constantly and actively trying to find ways to keep up with the latest developments, which is not always an easy task. Digital technologies and innovation in business administration and other related fields are key attributes that can be seen as essential elements in the field of entrepreneurship. Thus, digitization has become a crucial factor in the business world, and its impact on SMEs cannot be neglected. Nonetheless, company size, capital and resources seem to limit SMEs’ ability to adopt digital technologies. However, countless studies argue that a smaller firm size allows SMEs to be more flexible to change. Therefore, both digital progress and innovation have become highly relevant tools for businesses to improve their performance, reduce their costs and increase their efficiency, and are seen as key factors for competitiveness, development and economic growth. With this paper we understand how Romania, with its expanding economy and support for entrepreneurs, has the potential to be a relevant player in the digital economy, although its current ranking on the level of digitization and innovation is considerably lower than the EU average.
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Wang, Yan. "Digitization Transformation Empowers High-Quality Development of Small and Medium-Sized Enterprises in Jilin Province." Transactions on Economics, Business and Management Research 4 (January 26, 2024): 8–15. http://dx.doi.org/10.62051/4g35as91.
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In the rapidly evolving digital landscape, small and medium-sized enterprises (SMEs) in Jilin Province, China, face a critical juncture in their growth and sustainability. This paper delves into the current state of digital transformation among these SMEs, examining the intricate web of opportunities and challenges that define their journey towards a digital future. Through a comprehensive analysis, we explore the various facets of digital transformation, including the provincial government's support initiatives, the strategic approaches adopted by SMEs, and the inherent hurdles such as increased operational costs, leadership and cultural challenges, skill gaps, and technological adoption issues. The findings underscore the importance of a multi-pronged strategy involving government support, private sector collaboration, workforce development, and fostering a culture of innovation and adaptability. The paper highlights the need for Jilin's SMEs to not only embrace technological changes but also to rethink their operational models to stay competitive in a global digital economy. Looking ahead, the paper suggests that with continuous strategic efforts, policy support, and an adaptive mindset, SMEs in Jilin can successfully navigate their digital transformation journey, tapping into new opportunities for growth and innovation in an increasingly digital world. The future trajectory for these enterprises is one of continued evolution, where adaptability and strategic planning are key to harnessing the full potential of digital technologies. As digital transformation continues to reshape the global business landscape, SMEs in Jilin Province stand on the brink of significant opportunities, poised to redefine their role in the regional and global economy through innovative and sustainable digital strategies.
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Binti Nur Asiyah, Citra Mulya Sari, Akhmad Syaichoni, and Dias Mahesty. "Digitizing Halal MSMEs: Strategies to Sustainability of Halal MSMEs." Proceeding of International Conference on Islamic Economics, Islamic Banking, Zakah and Waqf 1 (September 24, 2023): 281–96. http://dx.doi.org/10.24090/ieibzawa.v1i.756.
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This study aims to analyze the digitization of Halal MSMEs as a strategy to encourage business sustainability. Halal MSMEs are referred to as MSMEs that already have halal certification by including the halal logo on their products. The research approach is qualitative with case study type. Sources of data come from primary data with data collection techniques of observation, interviews, and documentation. Data analysis was carried out by data reduction, data presentation, and drawing conclusions. The results of the study show that Halal SMEs, one of which is Bakpia Eka SMEs, already have Halal legality from the Indonesian Ulema Council. Bakpia Eka Halal MSME Digitization using the marketplace Shopee, Instagram, website, Tokopedia, Facebook, and Bukalapak. The sustainability of Halal MSMEs can be demonstrated through increased sales of the role of digitization in Halal MSMEs, namely sales turnover that continues to increase from time to time, more markets that become sales areas, increased sales stalls. The practical implications of digitizing Halal MSMEs encourage MSMEs in general to immediately have Halal legality, increase the use of digitization in Halal MSME businesses, because Bakpia Eka with the halal logo makes it easier to enter from various digital market stalls, and reach a wider market.
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Zwolenik, Agnieszka, and Karina Janisz. "Digitalisation in the age of fiscal burdens – benefits for SMEs." Smart technologies: Industrial and Civil Engineering 3, no. 16 (2025): 40–46. https://doi.org/10.32347/st.2025.3.1204.
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Between 2015 and 2024, Poland introduced solutions supported by new technology, artificial intelligence and the ability to collect huge amounts of data and process them quickly, aimed primarily at reducing the grey market and the activities of criminal groups in domestic and intra-Community transactions In Poland, an intensive transformation of Polish taxes has been going on for several years. VAT reporting via JPK files, the so-called the white list of VAT payers or the mandatory split payment mechanism required quick changes for small and large entrepreneurs. The aim of this study is to present the key technological tools implemented in Poland that are the result of digitization in tax administration The aim of the article is to present the results of research on tax digitization and to find out the opinions of small businesses, including those providing financial and accounting services, on the benefits and problems that are caused in their units by the processes associated with the implementation of digital technologies for tax billing and reporting. In order to achieve the indicated goal, thefollowing research questions were posed: Is digitisation in public administration having an impact on SMEs? How do entrepreneurs assess the digitalisation process? The paper presents the results of empirical research indicating that the digitization of taxes has a number of advantages in the opinion of small businesses
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Coayla, Renzo Alberto Taco, Hugo Martín Alcántara Martínez, Elard Ricardo Rodriguez Marca, and Martha Judith Paredes Vignola. "Factors of Cloud Computing and Digitization of SMEs in Peru using PLS-SEM Structural Analysis." Migration Letters 20, S10 (2023): 739–49. http://dx.doi.org/10.59670/ml.v20is10.5403.
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The objective of this research is to determine the main factors of cloud computing that explain the variability of the digitalization of SMEs in Peru. The type of research is basic, with a quantitative approach, at the explanatory level, with a non-experimental design, and a sample of 211 SMEs in Peru. The research concludes that there is a significant influence of cloud computing and certain factors in the digitalization of SMEs in Peru. An exploratory factor analysis (EFA) was carried out, obtaining values above 0.90 for the Kaiser-Meyer-Olkin tests, as well as the Barlett's sphericity test p=0.000 and the analysis of variance explained by 66.26% for cloud computing and 68.28% for the digitalization of SMEs, determining that the interrelation of the items is satisfactory. Confirmatory factor analysis (CFA) was applied, obtaining values for CFI=0.901, and TLI=0.890, being close to 1, thus determining that the models are appropriate and give validity to the construct. Additionally, construct validity is performed by PLS-SEM analysis of the model. The research determines that there is a moderate to strong correlation of part of the factors of cloud computing in the digitalization of SMEs, through Spearman's correlation coefficient obtaining values higher than 0.685, as well as through the ordinal regression that through the Pseudo R-squared in the Nagelkerke indicator obtained 80% and in the model adjustment obtaining Sig = 0.00. These results were contrasted with the bootstrapping method through the PLS-SEM analysis obtained for the T-statistic values greater than 2, as well as for the P-values lower than 0.05, these results determine that there is a causal relationship between the factors of cloud computing and digitalization of SMEs.
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Li, Qiuxia. "Research on the Impact Mechanism and Application of Financial Digitization and Optimization on Small- and Medium-Sized Enterprises." Scientific Programming 2021 (October 29, 2021): 1–6. http://dx.doi.org/10.1155/2021/9534976.
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Background. With the continuous advancement of digital technology and the accelerated development of digital finance, the rise of digital finance has had a vital impact on the true evolution of SMEs. The digital economy has a significant positive impact on the productivity of SMEs. Method. This article first analyzes the digital level of SMEs, studies the incentive effect of digital finance on the level of technological revolution of SMEs, and analyzes the mitigation effect of digital finance evolution on the financing constraints of SMEs. At the same time, it also studies how to develop the digital economy and achieve high-quality business evolution. Result. The digital economy can promote the growth of enterprise productivity through four indirect ways: scale economy effect, scope economy effect, technological revolution effect, and management benefit effect. Conclusion. The Financial Technology Optimization program helps financial leaders adopt new digital technologies to optimize financial processes while minimizing disruption.
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Anguiano, Juan Carlos Rea, Rafael Medina Orozco, Víctor Alfonso Salazar Flores, Mónica Rea Anguiano, Abdón Hernández Alvarado, and Cynthia Berenice Castro Aranda. "Small and medium-sized companies in the COVID-19 era: challenges and prospects." South Florida Journal of Development 4, no. 3 (2023): 1056–65. http://dx.doi.org/10.46932/sfjdv4n3-003.
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The pandemic has significantly affected small and medium-sized enterprises (SMEs) due to their lack of financial and technological resources. The disruption of supply chains has affected the ability of SMEs to obtain raw materials and finished goods, which has increased production costs and decreased revenue. Additionally, digitization has become a crucial tool for businesses seeking to adapt to the pandemic, but many SMEs have faced significant challenges in terms of a lack of technology skills and resources, and limited connectivity in some regions. Government support has been instrumental in helping SMEs survive during the pandemic. Government programs that provide financial aid and business advice have been especially effective for SMEs. However, it is important that government support programs are accessible and easy to understand for SMEs, and that they are tailored to the specific needs of each sector.
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Ngoma, Amani Tsongo, Betsalel Halimi, Betsalel Grimberg, Deema Watad, and Suzanne Busara. "Assessing Digital Solutions Adoption in Small and Medium-Sized Enterprises in DRC." International Journal of Computing and Engineering 6, no. 3 (2024): 49–59. http://dx.doi.org/10.47941/ijce.2180.
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Purpose: This study assesses the adoption of digital solutions in small and medium-sized enterprises (SMEs) in the Democratic Republic of Congo. Methodology: A Kobocollect survey was conducted in 13 cities across the DRC over a one-month period, collecting data from 459 SMEs. The sample comprised 18.53% of individual SMEs led by women, 60.13% owned by men, and 21.35% led by associations. Findings: The results show that only 15.03% of respondents consider ICT and digitization to be a new topic, while 75.16% of companies' systems are not digitized. However, 68.85% of respondents are willing to integrate new technology into their business control systems by digitizing their accounting systems, with no significant difference observed across income ranges (p-value=0.107). Digital literacy of users is identified as a key factor influencing the adoption of digital solutions, which is facilitated by adapted solutions that meet SMEs' specific needs. Capacity building and system trustworthiness are also found to be important factors influencing adoption. Furthermore, belonging to a specific income range is found to influence the adoption of daily reporting systems and market pricing (p-value=0.107 and p-value=0.06363, respectively). Unique Contribution to Theory, Policy and Practice: The study highlights the importance of investing in SME digitization and the need for adapted solutions that meet management needs and price qualifications.
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Angula, Nikodemus. "An investigation into the impact of digitalization in the SME’s development in Namibia: a systematic literature review." BOHR International Journal of Advances in Management Research 3, no. 1 (2023): 1–5. http://dx.doi.org/10.54646/bijamr.2024.30.
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The study sought to determine how digitalization has affected the growth of SME’s in Namibia. Using secondary data, the study examined how digitization has affected the growth of SMEs in Namibia and around the world. To ascertain whether technologies are used in businesses in Namibia and elsewhere, a survey of pertinent literature on digitalization in the development of SMEs was done. Numerous SMEs in Namibia face challenges such as increased rivalry and an inability to adapt to rapidly shifting market demand, technological development, and capacity restrictions brought on by knowledge, innovation, and creativity. According to the present survey, SMEs in Namibia should begin utilizing digitalization because it offers insights that help them better understand their clients and gauge the effectiveness of marketing initiatives. This is especially helpful for small businesses with constrained marketing budgets.
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Roman, Angela, and Valentina Diana Rusu. "Digital Technologies and the Performance of Small and Medium Enterprises." Studies in Business and Economics 17, no. 3 (2022): 190–203. http://dx.doi.org/10.2478/sbe-2022-0055.
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Abstract The profound negative effects of the current pandemic crisis on firms, especially small and medium-sized ones, have forced them to rethink their business models. In order to survive and compete, many businesses have focused on adopting and using digital technologies. Several studies have shown that digital technologies could facilitate business continuity and increase their resilience to shocks. Starting from the fact that SMEs are an important source of innovation and the predominant form of business organization, the European Commission has repeatedly emphasized the importance of digital business transformation and the need to support the digitalisation of SMEs. Our study aims to analyse the degree of digitalisation of SMEs in EU countries and the obstacles they face in digitizing their business. In addition, we aim to examine the extent to which the use of various forms of digital technology could stimulate the growth of SME performance. The analysis covers the 27 EU member states and is mainly based on data provided by the European Commission and the OECD, as well as information provided by European Investment Bank surveys. Our paper complements the literature focused on the digitization of SMEs, especially by highlighting the gaps between EU countries in terms of digitization of the SME sector, but also by empirically examining the impact of digital technologies on the performance of SMEs in EU countries. Through its content, our study emphasizes the crucial importance of digitizing SMEs so that these companies are drivers of economic growth and development of countries. The results of our research may be of interest to both researchers concerned with business digitalisation and decision-makers at various levels, who should prioritize the identification of appropriate measures to stimulate digital innovation and investment in information and communication technology infrastructure.
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Juwita, Oktalia, Arizona Firdonsyah, Mahrus Ali, Aris Puji Widodo, and R. Rizal Isnanto. "Studi Literatur Platform Digital Sebagai Sarana Pembangunan Ekosistem Dalam Mengembangkan UMKM." INFORMAL: Informatics Journal 7, no. 1 (2022): 59. http://dx.doi.org/10.19184/isj.v7i1.31547.
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Today's increasingly rapid use of digital technology has created many new opportunities for organizations in all industrial fields. Digital transformation has a positive impact on innovation and company performance based on the theory of the resource-based view. The growth of Small and Medium Enterprises (SMEs) and their relatively high role in the community's economy, is also accompanied by several problems that arise in the face of the current digitalization era. The main challenges in the digitization process for SMEs are limited financial resources, limited knowledge resources, and limited technology awareness. An ecosystem-based digital platform enables SMEs to integrate strategic knowledge sources while configuring internal and external resources to better respond to a dynamic and volatile environment.
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Vrchota, Jaroslav, Tomas Volek, and Martina Novotná. "Factors Introducing Industry 4.0 to SMES." Social Sciences 8, no. 5 (2019): 130. http://dx.doi.org/10.3390/socsci8050130.
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The aim of the paper is to identify some of the factors that affect the introduction of Industry 4.0 elements to small and medium-sized enterprises (SMEs). The article is concerned with factors that can be impulsive for SMEs and factors that, on the contrary, are limiting for SMEs to integrate Industry 4.0 into the enterprises. These factors are the result of a short brainstorming with some employees of 72 selected SMEs for case studies. The analysis of 1018 Czech SMEs showed that the introduction of Industry 4.0 is related to the size of the enterprise. Fisher’s Factorial Test based on a four-fold contingency table tested the data. The majority of medium-sized enterprises consider introducing digitization and robotization elements in the next 5 years, while in the case of micro-enterprises it was less than a half of the enterprises of the sample. At the same time, the relation between the enterprises with a written strategy and enterprises planning to implement Industry 4.0 was demonstrated.
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Almer, Reyhan Yusuf, and Negina Kencono Putri. "Kesiapan UMKM dalam Mengimplementasikan Digitalisasi Ekonomi." Akuntabilitas 15, no. 1 (2022): 69–80. http://dx.doi.org/10.15408/akt.v15i1.24355.
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The purpose of this research is to find out whether Micro Small and Medium Enterprises (MSME) actors are ready to implement the digitization of financial statements. The subjects in this study were MSMEs in South Tangerang City which were registered with the Cooperatives and MSMEs Service in South Tangerang City. The data is taken from the results of interviews, observations and documentation. Data analysis used 4 stages: data collection, data reduction, data presentation and drawing conclusions. The results of this study are the South Tangerang City MSMEs are ready to implement the digitization of financial reports. and already have sufficient knowledge in implementing the digitization of financial reports. However, MSMEs still encounter obstacles in implementing the digitization of financial reports. The implication of this research is that the Department of Cooperatives and SMEs in South Tangerang City can continue to provide education to MSMEs in South Tangerang City regarding the implementation of digitizing financial reports.
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Jangjarat, Kris, and Chanchai Jewjinda. "Impact of the digital economy and innovation on the businesses of small and medium enterprises." Corporate and Business Strategy Review 4, no. 3 (2023): 102–10. http://dx.doi.org/10.22495/cbsrv4i3art10.
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The COVID-19 outbreak posed a significant economic threat to small and medium enterprises (SMEs). Despite its negative impact on the economy and SMEs, the pandemic also presented opportunities for reform to help the economy recover quickly. Moreover, the pandemic accelerated digitalization, which brought fundamental changes in competitiveness drivers, such as business models, business processes, and required skills and competencies for employability (Shafi et al., 2020; Ssenyonga, 2021). This study aimed to explore post-COVID-19 pandemic opportunities for SMEs in Krabi, Thailand, through digitization. In-depth interviews were conducted, and a purposive sampling of eight Thai SME business owners in Krabi, Thailand, was selected for the qualitative study. The data were analyzed using content analysis and NVivo software. The results indicated that there are opportunities for SMEs to benefit from the deployment of digital technologies and innovation in the post-pandemic era. Additionally, SMEs have incorporated digital technologies and innovation into their services and operations to achieve long-term development, as these advancements also provide substantial advantages to SMEs.
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Claro, Genny Torcoroma Navarro, José Gregorio Arévalo Ascanio, and Wilder Quintero Quintero. "Quality and digitization in the SMES of the sector commercial: impact and strategies." Revista de Gestão e Secretariado 15, no. 8 (2024): e4062. http://dx.doi.org/10.7769/gesec.v15i8.4062.
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This study examines the influence of digitalization on the perception of quality in SMEs in the commercial sector, highlighting its relevance in improving products and services through effective digital strategies. The objective of this article is to analyze how digitalization impacts the quality perceived by customers. An explanatory methodology with a quantitative approach was used, employing a questionnaire applied to a sample of 359 SMEs in the commercial sector. Aspects such as the implementation of digital strategies, technological integration, and quality processes were evaluated. The results revealed a positive correlation between the adoption of advanced technologies, such as artificial intelligence, and the perception of high quality. Additionally, most companies reported improvements in operational efficiency and service quality, underscoring the importance of training in digital technologies. However, challenges were identified, such as a lack of digital skills and high implementation costs. This analysis suggests that effective technological integration is crucial to improving customer satisfaction and market competitiveness.
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Muhammad Alfan Fitroni and Acep Samsudin. "Pelaksanaan Digitalisasi Usaha Untuk Pertumbuhan Dan Pengembangan UMKM Daerah Bersama PT. Narasumber Teknologi Indonesia." Faedah : Jurnal Hasil Kegiatan Pengabdian Masyarakat Indonesia 1, no. 3 (2023): 110–15. http://dx.doi.org/10.59024/faedah.v1i3.258.
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PT. Narasumber Teknologi Indonesia is a company that focuses on cooperative computerized accounting training, technical guidance for the implementation of technology for small and medium-sized enterprises (SMEs), national cooperative software training, sharia supervisory board for cooperatives, computerized management training for cooperatives and SMEs, as well as the digitalization of Micro, Small, and Medium Enterprises (MSMEs). Additionally, PT. Narasumber Teknologi Indonesia serves as a platform for the younger generation to develop their potential as agents of business digitization through the final project of the program activities. This involves providing training and mentoring to local MSMEs as an effort to digitize their businesses and help solve the problems that hinder or constrain the development of local MSMEs. This research provides insights for local business practitioners to implement digitization in their businesses in order to achieve sustainable growth and success for MSMEs in the ever-evolving digital era. The implementation of training and mentoring for local MSMEs is expected to help them Go Digital, improving efficiency and productivity, enhancing product quality and services, and increasing market access for local MSMEs.
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Arthur-Aidoo, Bernard Martin, Samuel Mensah Plange, and Belinda Dodoo. "Digitalizing the Activities of Small-Medium-Size Construction Firms." Journal of Economics and Behavioral Studies 17, no. 1(J) (2025): 1–8. https://doi.org/10.22610/jebs.v17i1(j).3756.
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Ghana's construction sector faces many obstacles, such as modernization, inefficiency, and safety hazards. Small and medium-sized businesses (SMEs) are pivotal in job creation, economic expansion, and infrastructure development. To stay competitive, SMEs must embrace digital transformation as the industry experiences a digital revolution. This study examines the digital transformation of Ghanaian SME construction firms between 2018 and 2023, focusing on safety concerns, inefficiencies, and regulatory barriers, as well as the advantages of digitalization, such as improved communication and project management. A mixed-methods approach was used, combining structured surveys for SME employees with in-depth interviews with key stakeholders to gather both quantitative and qualitative data. The study investigates the use of digital technologies such as building information modeling (BIM), wearable technology, and real-time monitoring to address operational and safety issues. It also examines how digitization affects communication, resource allocation, project efficiency, and regulatory compliance. Factors such as government programs, technology adoption, and safety training are evaluated to determine their contribution to improving safety and productivity in the construction industry. The findings reveal that digital technologies significantly enhance project outcomes, safety management, and resource utilization. Government regulations also play a crucial role in supporting digitization initiatives. The study provides practical insights for policymakers, industry stakeholders, and researchers seeking to promote innovation and growth among SMEs in Ghana's construction sector.
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Štaffenová, Nikola, Alžbeta Kucharčíková, and Lukáš Falát. "Using of human capital management in small andrr medium-sized enterprises in context of Industry 4.0." PLOS One 20, no. 5 (2025): e0320568. https://doi.org/10.1371/journal.pone.0320568.
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Human capital management (HCM) helps manage and develop human capital (HC) in businesses through investments that increase the value of HC and contribute to improving the financial situation of companies. Industry 4.0 (4IR) presents new challenges especially for small and medium-sized enterprises (SMEs). The article aim is to find out how important SMEs perceive investments in HC, whether they evaluate the effectiveness of investments in HC and which of the selected HCM activities related to digitization they consider essential. It was used basic scientific methods, Cronbach’s alpha, descriptive statistics, and the chi-square test. It was found that in 2020 up to 49.56% and in 2021 up to 63.94% of respondents consider the funds spent on employees as investments in HC. In connection with digitization, it is striking that up to 76.98% of SMEs in 2020 and 68.34% of respondents in 2021 did not use a personnel information system (HRIS) and an even greater number of companies did not even prepare reports for the HC area. The originality of the article lies in the processing of a two-year questionnaire survey and in the intersection of HCM and Industry 4.0. This is a very current topic, which is also emphasized by the European Union. Future research could focus on employee training models (HC development), or on the culture of innovation and adaptability in companies that digitalize.
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Klimecka-Tatar, Dorota, and Manuela Ingaldi. "Digitization of processes in manufacturing SMEs - value stream mapping and OEE analysis." Procedia Computer Science 200 (2022): 660–68. http://dx.doi.org/10.1016/j.procs.2022.01.264.
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Nazaruddin, Ietje, Evy Rahman Utami, and Evi Rahmawati. "Digitalization Challenges for SMEs: A Systematic Literature Review Perspective and Future Research." JBTI : Jurnal Bisnis : Teori dan Implementasi 15, no. 1 (2024): 15–43. http://dx.doi.org/10.18196/jbti.v15i1.20410.
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SMEs are a fundamental component of the economic structure in many countries. In the contemporary era of digitalization, SMEs are undertaking various initiatives to align with the evolving business landscape. This study aims to explore and synthesize research results on the role of digitalization in developing small and medium enterprises (SMEs). The literature review used the Scopus database. The data obtained were 127 documents from 2010 to 2023. SME digitization research has been conducted in 42 countries using 92 theories from 94 journals. The results showed three research clusters: business model innovation, Enterprise Resource Planning (ERP), and Information Technology (IT) capabilities. Digital platforms and information management assist SMEs in adjusting, creating new ideas, and staying competitive in difficult business circumstances. Digital platforms assist SMEs by extending market reach, automating operations, improving marketing and promotional efforts, analyzing consumer data to make better decisions, and strengthening team communication and customer care. Future research investigates effective strategies and educational programs aimed at helping SMEs acquire digital skills, adopt digital technology, and implement advanced blockchain-based contract systems. Future research also investigates the ethical implications of SME digitalization, encompassing issues related to data privacy, digital security, and the appropriate use of emerging technologies.
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Yulianto Putra, Edy, Yolanda Masnita, Husna Leila Yusran, and Ratih Anggraini. "Leveraging digital transformation leadership and customer agility to enhance SME performance in the Riau Islands, Indonesia." International Journal of Business Ecosystem & Strategy (2687-2293) 7, no. 2 (2025): 219–31. https://doi.org/10.36096/ijbes.v7i2.844.
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This study investigates the impact of digital transformation leadership and customer agility on the performance of small and medium-sized enterprises (SMEs) in the Riau Islands, Indonesia. SMEs are pivotal to economic growth, yet they often face challenges in adapting to rapidly changing market conditions. Employing a sustainable development theory framework, the research explores how effective leadership in digital transformation and an agile approach to customer engagement can drive better performance outcomes. Findings reveal that while customer agility does not significantly correlate with SME performance, strong digital transformation leadership and well-implemented digital strategies initiatives are play crucial roles in enhancing operational effectiveness and performance. Study result highlights the necessity for SMEs to focus on cultivating innovative leadership that embraces digitization and developing strategies that respond swiftly to evolving customer needs. This research underscores the importance of integrating digital practices as a core component of sustainability efforts within SMEs. Ultimately, embracing effective digital transformation leadership is essential for SMEs seeking to thrive in increasingly competitive environments. The study recommends that future research should examine additional factors that may influence the performance of SMEs, providing a broader understanding of the dynamics at work in this critical sector.
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Boeva, Veryana. "THE INTEGRATION OF THE DIGITAL ECONOMY AND THE GREEN TRANSITION – OPPORTUNITIES FOR SMALL AND MEDIUM-SIZED ENTERPRISES." ENVIRONMENT. TECHNOLOGY. RESOURCES. Proceedings of the International Scientific and Practical Conference 1 (June 11, 2025): 97–102. https://doi.org/10.17770/etr2025vol1.8657.
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Small and medium-sized enterprises (SMEs) play an important role in the development of national economies. The specificity of digital transformation in the conditions of green transition requires the disclosure of the problems and opportunities arising in their practice. Based on a conceptual framework of the digital transformation of SMEs in the context of the green transition, this study outlines some of these issues and opportunities through in-depth interviews with expert managers managing SMEs. The analysis of the results shows: the specificity of the problems of SMEs working in the field of production of organic food and bio products; the role of digitization of activities in the management of SMEs to support the transition to productions with minimal impact on the environment; the need to inform customers about the benefits of consuming products that do not endanger the environment; the need to explore the application of artificial intelligence in the field of ecological production. On the basis of these conclusions, a quantitative study of the problems and challenges faced by SMEs in the digitalization of their activities in the conditions of the green transition can be planned.
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Zheng, Wanteng, and Zixuan Ye. "The Incentive Effect of Digital Finance on Innovation of Small- and Medium-Sized Enterprises Considering Heterogeneity: An Empirical Study Based on Chinese-Listed Firms." Sustainability 16, no. 19 (2024): 8533. http://dx.doi.org/10.3390/su16198533.
Full textAbstract:
The development of digital finance provides new opportunities for solving the dilemma of innovation financing for small- and medium-sized enterprises (SMEs). This study empirically examined the heterogeneous characteristics and mediating mechanisms of digital finance and its incentive effects on SME innovation using panel data of Chinese and GEM board-listed companies from 2010 to 2021. It was found that digital finance can significantly incentivize SME innovation; however, there are differences in efficacy among digital finance sub-dimensions, with breadth of coverage having the strongest effect, followed by depth of use, and digitization degree having a non-significant effect. Meanwhile, there is heterogeneity in the incentive effect of digital finance on SME innovation, which is manifested as private SMEs and SMEs in regions with stronger financial regulations and a higher degree of marketization being more likely to be incentivized by digital finance to innovate. In addition, digital finance can indirectly incentivize SMEs to innovate through three paths: alleviating financing constraints, improving risk tolerance, and solving information asymmetry.
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AL-Ghaili, Mohammed, Anuar Shah Bali Mahomed, and Raja Nerina Raja Yusof. "Exploring the Influence Factors of Digital Entrepreneurship in Improving the Digitization of Small and Medium Enterprises in Yemen." Advances in Social Sciences Research Journal 11, no. 11 (2024): 62–88. http://dx.doi.org/10.14738/assrj.1111.17846.
Full textAbstract:
This research provides valuable insights into the impact of digital entrepreneurship on the digitalization of small and medium-sized enterprises (SMEs) in Yemen. By integrating the Technology Acceptance Model (TAM) and the Technology-Organization-Environment (TOE) framework, the research examines the role of various factors-technological, organizational, environmental, and individual, affecting technology adoption and utilization in SMEs. The study primarily explores the direct and indirect influences of these factors on actual system use, with a particular focus on the mediating roles of perceived usefulness and perceived ease of use in shaping attitudes toward technology adoption. Data were collected through a survey of 392 respondents, and the results were analyzed using partial least squares structural equation modelling (PLS-SEM). The measurement model was validated for reliability and accuracy, followed by an evaluation of the structural model to test the proposed hypotheses. The findings highlight the critical role of information and communication technology (ICT) adoption in enhancing both perceived ease of use and perceived usefulness. Additionally, the knowledge of IT entrepreneurs and government support were found to uniquely influence perceived ease of use and perceived usefulness, respectively. Both of these perceptions, in turn, positively impacted attitudes toward and the actual use of digital tools within SMEs. To address the challenges faced by Yemeni SMEs, it is recommended to enhance digitalization through ICT adoption and promote a pro-technology culture. Policymakers should create a supportive environment via targeted policies, subsidies, and public-private partnerships to foster sustainable growth and competitiveness.
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Chen, Zihan. "Digital Inclusive Financial Popularization and China's SME Financing Constraints." Advances in Economics, Management and Political Sciences 130, no. 1 (2024): 112–21. https://doi.org/10.54254/2754-1169/2024.18403.
Full textAbstract:
The problem of financing constraints has always been an important factor restricting the development of small and medium-sized enterprises (SMEs), and digital inclusive finance has also been increasingly developed to become a powerful helper in alleviating the financing constraints of the enterprises. Based on the provincial panel data of digital inclusive finance from 2011 to 2020, the paper focuses on analyzing the improvement of SMEs' financing constraints by the development of digital inclusive finance and its secondary indicators covering depth, breadth, and digitization degree, specifically from the nature of the enterprise's shareholding and the economic location of the province where the enterprise operates to perform the heterogeneity analysis. The empirical results show that the development of digital inclusive finance can significantly improve the problem of SME financing constraints, especially for non-state-owned enterprises and enterprises located in the eastern provinces, the mitigating effect is the strongest, and the degree of digitization of digital inclusive finance has the best effect on the improvement of enterprise financing constraints among the three secondary indicators. Therefore, this paper suggests that digital inclusive finance should continue to strengthen the universality, strengthen the digitization degree of digital inclusive finance as well as the guiding role of the government policy, and promote the various types of enterprises in all regions of China to broaden the financing channels and improve the source of funds, so as to promote the benign development of China's enterprises and economic prosperity.