Digitalisation dynamics in SMEs: An approach from systems dynamics and artificial intelligence

Arranz, Carlos F.A.; Arroyabe, Marta F.; Arranz, Nieves; de Arroyabe, Juan Carlos Fernandez

doi:10.1016/j.techfore.2023.122880

Cited by 14 publications

(8 citation statements)

References 70 publications

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“…This finding is consistent with the dynamic capabilities perspective, which emphasizes the importance of integrating and reconfiguring internal and external competencies to deal with ever-changing business environments (Dejardin et al, 2022;Ferreira et al, 2020;Teece et al, 1997). The integration of digital technology has transformed traditional dynamic capabilities, resulting in digital capabilities that impact business innovation and the creation of business models (Arranz et al, 2023;Khurana et al, 2022). Business model innovation acts as an intermediary in the relationship between digital capabilities and business performance (Anwar et al, 2022;Wang et al, 2023).…”

Section: Discussionsupporting

confidence: 79%

“…Academic studies have consistently used Flash Eurobarometer research due to its proven reliability and extensive validation over time (e.g. Ardito, 2023; Arranz et al. , 2023; Suchek et al.…”

Section: Methodsmentioning

confidence: 99%

“…data mining and predictive analysis; (6) high-speed infrastructure; and (7) blockchain. As suggested by Arranz et al. (2023), the digital capabilities variable (DIGITAL) was composed as a cumulative index of these seven categories of digital technologies (AI, cloud computing, robotics, smart devices, big data analytics, high-speed infrastructure and blockchain).…”

Section: Methodsmentioning

confidence: 99%

“…Firstly, this research enhances our theoretical understanding by emphasizing the transformative impact of digital capabilities on traditional dynamic capabilities. As elucidated by Arranz et al (2023) and Khurana et al (2022), the integration of digital technology has given rise to digital capabilities, thereby influencing business innovation and the evolution of business models. The study builds on this theoretical foundation, positioning digital capabilities as pivotal drivers of innovative and effective business models (Bresciani et al, 2021;Wang et al, 2023).…”

Section: Theoretical Contributionsmentioning

confidence: 99%

“…The research covered the 27 countries of the European Union and a further 8 European countries outside the EU, covering a wide variety of sectors. Academic studies have consistently used Flash Eurobarometer research due to its proven reliability and extensive validation over time (e.g Ardito, 2023;Arranz et al, 2023;Suchek et al, 2023)…”

mentioning

confidence: 99%

See 4 more Smart Citations

Building new business models in MSMEs: digital capabilities, global value chains integration and the moderating role of entrepreneurial failure

Veiga,

Marnoto,

Guerra-Mota

et al. 2024

JSBED

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PurposeThe research aims to explore the relationships between the digital capabilities of micro, small and medium enterprises (MSMEs), their participation in global value chains and their adoption of innovative business models. Additionally, the study investigates how the prior experiences of entrepreneurial failure may influence or moderate these relationships.Design/methodology/approachTo address these research objectives, the study draws upon data obtained from the Flash Eurobarometer 486 survey, a comprehensive dataset that explores the challenges faced by 13,197 European MSMEs as they navigate the complexities of growth, the integration of sustainable business models and the incorporation of digital technologies. To test the proposed hypotheses, the research employs multivariate logistic regression analysis.FindingsDigital capabilities are found to be positively associated with business model innovation, while integration into global value chains is linked to a higher likelihood of implementing new business models. Interestingly, entrepreneurial failure did not significantly influence the relationship between digital capabilities and the adoption of new business models. In contrast, entrepreneurial failure significantly moderated the impact of global value chain inclusion on business model innovation, particularly in MSMEs with a history of failure.Originality/valueThis article provides practical guidance to entrepreneurs and companies interested in enhancing their digital strategies and engagement in global value chains, considering the entrepreneurs' business histories.

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Section: Discussionsupporting

confidence: 79%

Section: Methodsmentioning

confidence: 99%

Section: Methodsmentioning

confidence: 99%

Section: Theoretical Contributionsmentioning

confidence: 99%

mentioning

confidence: 99%

See 3 more Smart Citations

Building new business models in MSMEs: digital capabilities, global value chains integration and the moderating role of entrepreneurial failure

Veiga,

Marnoto,

Guerra-Mota

et al. 2024

JSBED

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Linear versus non‐linear modelling: A systemic analysis with empirical data on credit and investment

Vithessonthi,

Ushakova,

Schwaninger

2024

Syst Res Behav Sci

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The purpose of this article is to shed light on the capabilities of linear versus non‐linear forms of modelling complex systems. A comparative analysis is realized, which shows the differences between two established methods — regression analysis (RA) and system dynamics (SD). To realize that methodological comparison, we need a benchmark in substantive terms. Therefore, we embed our analysis in a realistic scenario. A set of hypotheses related to the banking and investment sector is tested on the basis of rich empirical macro‐ and firm‐level data. We examine (1) whether the central bank's monetary policy affects the lending rate of commercial banks and (2) whether the lending rate of the commercial banks affects non‐financial firms' investment. A RA is conducted, to test our hypotheses on the assumption of linear relationships between the variables. To explore the non‐linear relationships between the variables, and to test the robustness of our regression results, we then model the system under investigation using the SD method(ology). The regression results show that the monetary policy rate has a positive and immediate effect on the lending rates and a negative but lagged effect on the bank loan supply. The long‐term lending rates are negatively associated with corporate investment, whilst the bank loan supply has no direct effect on corporate investment. Although the regression results indicate that monetary policy rate has no direct effect on corporate investment, the SD model shows that the monetary policy rate exerts a negative effect on corporate investment. Hence, the two types of modelling can come to different results, given the distinct implications of the exogenous perspective (i.e. the exogenous condition of predictor variables typically required in RA) and the endogenous perspective (i.e. the predictor variables are endogenized, as in SD). Comparing the outcomes of the two methodologies, we conclude that they complement each other. RA is easier to model. SD enhances the RA method by enabling a better understanding of non‐linear phenomena.

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Digitalization as a trigger for a rebound effect of electricity use

Peng,

Qin

2024

Energy

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Digitalisation dynamics in SMEs: An approach from systems dynamics and artificial intelligence

Cited by 14 publications

References 70 publications

Building new business models in MSMEs: digital capabilities, global value chains integration and the moderating role of entrepreneurial failure

Building new business models in MSMEs: digital capabilities, global value chains integration and the moderating role of entrepreneurial failure

Linear versus non‐linear modelling: A systemic analysis with empirical data on credit and investment

Digitalization as a trigger for a rebound effect of electricity use

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