Digital transformation of SME business models as a factor of sustainable socio-economic development

Sinyuk, Tatiana; Panfilova, Elena; Pogosyan, Ruzanna

doi:10.1051/e3sconf/202129501028

Cited by 3 publications

(2 citation statements)

References 18 publications

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“…Every country has now made efforts to digitalize SMEs groups, both in urban and rural areas. For example, in Russia, SMEs groups in both rural and urban areas have the same opportunity to win digital competition, depending on their structural readiness (Sinyuk et al, 2021). The same thing happened in Wales (Norris, 2020), as digitalization of SMEs in rural areas was able to overcome the spatial gap for SMEs.…”

Section: IIImentioning

confidence: 99%

E-Commerce Website to Help SMEs to Support the Creative Economy Sector

Churiyah¹,

Kurniawan²,

Filianti³

2023

JEFMS

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The Covid-19 pandemic has encouraged initiatives to digitalize SMEs to be carried out seriously and more equally. This is due to the fact that the success of the SMEs business in the digital era is inextricably linked to its readiness to digitalize existing business operations. One proof of the readiness of SMEs in doing business in this digital era is that they have used digital marketing platforms. This research aims to digitalize the business of the SMEs group in the Tempe Industry Center in Kampung Sanan Malang, East Java, which is included in the Indonesian government’s projection to maximize income in the creative economy sector. This research is a qualitative research with the stages of research implementation covering the identification and mapping of the potential for digitalization of the economy, to the development of an e-commerce website in the Tempe Sanan Malang SMEs group. The research results take the shape of an e-commerce website used by SMEs actors, as well as an increase in digital competence owned by SMEs actors, enabling them to digitalize their businesses in a sustainable manner.

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Section: IIImentioning

confidence: 99%

E-Commerce Website to Help SMEs to Support the Creative Economy Sector

Churiyah¹,

Kurniawan²,

Filianti³

2023

JEFMS

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“…Business models can be defined as a company's fundamental strategy for profitably in conducting business and is characterized by its value proposition, functional architecture, and value architecture [14]. Firms have come to learn that sustainability is not necessarily determined by the quality of goods or services they are able to produce, but rather by the quality of digitalization they are able to implement within their business model [15]. Firms are incentivized to constantly improve their business models as it enables them to reshape and pioneer industries, which presents extraordinary growth opportunities [16].…”

Section: Related Workmentioning

confidence: 99%

The Integration of Automated Business Models and the Participants within the Workforce in Implementing Digital Transformation

Mokoena,

Baduza

2023

iCARTi

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As technologies are constantly evolving, businesses are seeking out different methods they could use to leverage their competitive advantage; however, there’s often the downside of innovation posing the risk of human replacement. Technological advances tend to decrease the need for additional human labour because autonomous systems can perform tasks without human intervention. This potentially threatens the job security of participants in the workforce. To help adopt the research concept of Automating Business Models, they’ll require buy-in from the workforce population. Acquiring the adoption of automated business models from the workforce will be essential for the business to facilitate Digital Transformation within their organisation, which is the context of this study. This study uses scoping review methods to analyse the existing literature to support and identify the key themes that impact digital transformation. The key themes identified are used to assist in the integration of automated business models with the Participants within the Workforce to facilitate Digital Transformation through several jobs, job quality, social protection, wages and income, social dialogue, and industrial relations. Technology is used to help automate business models to help innovate firms, business development is essential to compete with competitors and bring value to customers, industry life cycles explain the need to transform before firms become displaced digitally, firms should always aim to keep stakeholders satisfied to create value, and economic growth is necessary for the improvement of society’s standard of living.

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Digital Transformation—Top Priority in Difficult Times: The Case Study of Romanian Micro-Enterprises and SMEs

et al. 2022

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Ever since the pandemic context accelerated technology adoption, the digital transformation of enterprises has become part of consumers’ daily lexicon. The highly demanded necessity of companies to integrate digital solutions and provide services and goods in virtual spaces provokes both managers and academia to identify new perspectives. In this context, can digital transformation through marketing represent an option in difficult times? The authors aimed to reveal an answer to this question by researching the attitudes of 837 entrepreneurs involved in digital marketing activity before and during the pandemic, following their behaviour in the post-pandemic context. With quantitative and qualitative methods, unexpected results were unveiled. Financial losses or low performance in terms of profit or turnover do not negatively influence the attitude of the subjects towards digital marketing adoption. Moreover, the most unexpected result was the evolution of turnover from 2020 compared to 2019 as a determining factor for entrepreneurs’ perceptions of their level of digital knowledge. However, the results are discussed in the context of digital transformation through the method of providing services and goods in the virtual space with digital techniques, enriching the literature with the Romanian micro, small and medium-sized enterprises evidence.

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Digital transformation of SME business models as a factor of sustainable socio-economic development

Cited by 3 publications

References 18 publications

E-Commerce Website to Help SMEs to Support the Creative Economy Sector

E-Commerce Website to Help SMEs to Support the Creative Economy Sector

The Integration of Automated Business Models and the Participants within the Workforce in Implementing Digital Transformation

Digital Transformation—Top Priority in Difficult Times: The Case Study of Romanian Micro-Enterprises and SMEs

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