Small business awareness and adoption of state-of-the-art technologies in emerging and developing markets, and lessons from the COVID-19 pandemic

Journal of Small Business & Entrepreneurship, Journal Year: 2020, Volume and Issue: 34(2), P. 123 - 140

Published: Sept. 29, 2020

Many challenges continue to hinder digital technologies' adoption by small and medium scale enterprises (SMEs) in developing economies. Comparatively, there are more success stories SMEs emerging markets. However, most operating the informal sector markets economies (EMDEs) face similar that inhibit of advanced technologies innovations needed improve business operations re-engineer processes. This article evaluates implementation use state-of-the-art EMDEs performance create sustainable competitive advantages. Further, papers this Special Issue identify FinTech analytical algorithms as some current employed processes manufacturing service industries. The recognized technical seem novel have long existed Most technologies, including cloud computing, 'big data', predictive analytics can strategic decisions, yet make inroads EMDEs. Also, disruptive computing data analytics, Internet Things (IoT) required engineer new models, reduce overheads, enhance advantages, digitize SMEs' remain untapped. absence non-adoption explain why activities shut during outbreak SARS-CoV-2 community lockdown contain COVID-19 pandemic. strategies survive 'new normal' imposed fierce global competition includes a successful technologies.

Language: Английский

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Past, present, and future barriers to digital transformation in manufacturing: A review

Journal of Manufacturing Systems, Journal Year: 2021, Volume and Issue: 60, P. 936 - 948

Published: March 18, 2021

Language: Английский

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Coronavirus (COVID-19): SME policy responses

OECD policy responses to coronavirus (Covid-19), Journal Year: 2020, Volume and Issue: unknown

Published: July 15, 2020

This note is developed by the OECD Centre for Entrepreneurship, SMEs, Regions and Cities (CFE). It examines how SMEs are likely to be affected current coronavirus epidemic, reports on early evidence estimates about impact, provides a preliminary inventory of country responses foster SME resilience.

Language: Английский

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From Challenges to Creativity: Enhancing SMEs’ Resilience in the Context of COVID-19

Sustainability, Journal Year: 2021, Volume and Issue: 13(12), P. 6542 - 6542

Published: June 8, 2021

COVID-19 pandemic has brought significant and multiple challenges for SMEs. While SMEs have traditionally faced financial non-financial crises, the about additional uncertainties on how to maintain business continuity. The purpose of this paper is examine can mitigate against COVID-19-related crisis by examining impacts that had them through a review 34 articles. thematic analysis from literature covered three overarching inter-related including (i) cost finance-related challenges, (ii) disruption activities, (iii) existential difficulties. paper’s value lies in addressing gap between espoused literature’s claim beneficial impact new technological advancements SMEs’ ability survive context pandemic. framework recommendations help enhance resilience responsiveness COVID-19. These include collaboration, openness, taking advantage opportunities/victory, durability.

Language: Английский

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Small firms and the COVID-19 insolvency gap

Small Business Economics, Journal Year: 2021, Volume and Issue: 58(2), P. 887 - 917

Published: July 6, 2021

Abstract COVID-19 placed a special role on fiscal policy in rescuing companies short of liquidity from insolvency. In the first months crisis, SMEs as backbone Germany’s economy benefited large and mainly indiscriminate aid measures. Avoiding business failures whatever-it-takes fashion contrasts, however, with cleansing mechanism economic crises: which forces unviable firms out market, thereby reallocating resources efficiently. By focusing firms’ pre-crisis financial standing, we estimate extent to response induced an insolvency gap analyze whether is characterized by were already struggling before pandemic. With measures being focused smaller firms, also examine this differs respect firm size. Our results show that Germany has triggered backlog insolvencies particularly pronounced among financially weak, small having potential long-term implications entrepreneurship recovery. Plain English Summary This study analyzes strong support early phase crisis prevented wave corporate insolvencies. Using data about 1.5 million German companies, it shown was experienced distress would have gone bankrupt without assistance. times crises, usually allow for reallocation employees capital more efficient firms. However, analysis reveals ‘cleansing effect’ hampered current largely granting subsidies temporary suspension duty file caused driven weak position crisis. Overall, estimated affect around 25,000 substantial number compared 16,300 actual 2020. ongoing makers should prefer instruments favoring entrepreneurs who respond innovatively pandemic instead prolonging survival near-insolvent

Language: Английский

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SMEs in Covid-19 Crisis and Combating Strategies: A Systematic Literature Review (SLR) and A Case from Emerging Economy

Operations Research Perspectives, Journal Year: 2022, Volume and Issue: 9, P. 100222 - 100222

Published: Jan. 1, 2022

The paper intends to understand the research trends in "Covid-19 and SME" through a Systematic Literature Review (SLR) extract themes explore most affected areas of SMEs during Covid-19 pandemic. Subsequently, study attempts know struggles SME crisis developing country . Furthermore, provides critical dynamic resilience strategy framework manage period. authors extracted data from Scopus Web science conduct (SLR), Extracted both databases were merged using R programming get same tag programming. adopts bibliometric analysis present corpus domain SMEs". cluster method has been used usher significantly SMEs. Based on theme, an open-ended questionnaire was developed interview 23 Bangladesh for case study. NVIVO-13.00 topic transcriptions interviews. reveals that Cash flow shortages Supply Chain Disruptions are constraints On contrary, Digital transformation gained momentum this crisis. Enterprises made best use digital platforms technology, marketing, innovations secured peak success profitability. also recommends dynamic, resilient model adopt "new normal" successful navigation business future. is first its kind integrates SLR hurdles owners Covid 19 Thus, it helps advance understanding subject matter enables formulation strategies by policymakers navigate any potential significant methodological contribution as presents how merge web Besides, contributes R's clustering "SME -19" domain. Finally, overview such rising economy response measures. Case designed concentrate Bangladesh's practical implications potentially limited Emerging Asian Economies.

Language: Английский

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SMEs and exogenous shocks: A conceptual literature review and forward research agenda

International Small Business Journal Researching Entrepreneurship, Journal Year: 2021, Volume and Issue: 40(2), P. 178 - 204

Published: Dec. 13, 2021

Economic crises, natural disasters, armed conflict and infectious disease outbreaks, amongst others, present interlinked challenges for small businesses have generated a recent wealth of research across varied fields. Therefore, this article outlines an analytical lens suggesting how SMEs experience shocks crises that focuses on the nature (i) business, (ii) shock (iii) response within given context. We thematically draw out key trends, knowledge gaps tensions highlight promising engagement avenues future scholarship practice. contextualise are distinct from large firms in they crisis events; different types impact business; shape SME-specific responses (iv) COVID-19 pandemic as ‘novel exogenous shock’ influences all above. conclude by emphasising emerging research.

Language: Английский

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COVID-19 and regional solutions for mitigating the risk of SME finance in selected ASEAN member states

Economic Analysis and Policy, Journal Year: 2022, Volume and Issue: 74, P. 506 - 525

Published: March 10, 2022

Language: Английский

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Mobile apps for SME business sustainability during COVID-19 and onwards

Journal of Business Research, Journal Year: 2021, Volume and Issue: 135, P. 28 - 39

Published: June 17, 2021

Language: Английский

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Digital Innovations in MSMEs during Economic Disruptions: Experiences and Challenges of Young Entrepreneurs

Administrative Sciences, Journal Year: 2022, Volume and Issue: 12(1), P. 8 - 8

Published: Jan. 5, 2022

The spike in COVID-19 cases all over the world poses a massive impact on various sectors of society. global economy is no exception, for it has been severely affected by unprecedented public health crisis leading businesspeople to shutdown commercial establishments and dramatically shifting businesses into digital platforms. Immense challenges brought pandemic have turned great opportunities among entrepreneurs from different parts globe. In pursuit recovery path, they considered tools be instrumental surviving even thriving long term. This study explores drivers barriers innovations micro, small, medium enterprises (MSMEs) during economic disruptions perspective Filipino young entrepreneurs. Researchers employed qualitative method conduct in-depth interviews with 46 online Philippines transcribed them Inductive Content Analysis generate themes. Results found adverse effects pandemic, which reinforce entrepreneurial platforms, categorized intrinsic (e.g., personal professional growth) extrinsic mobility restrictions, market conditions, household status) motivations. Participants described entrepreneurship, including skills needed doing business, market-related problems availability quality internet infrastructures, restrictions. findings this contribute entrepreneurship literature areas an empirical investigation develop programs that support disruptions. would serve as guidepost formulation government policies strategies through while considering perspectives further recommends future related researches empower entrepreneurs, particularly those developing economies beyond.

Language: Английский

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