THE DIGITAL TRANSFORMATION OF SMES: A COMPARATIVE REVIEW BETWEEN THE USA AND AFRICA

International Journal of Management & Entrepreneurship Research, Год журнала: 2024, Номер 6(3), С. 737 - 751

Опубликована: Март 16, 2024

The digital transformation of Small and Medium-sized Enterprises (SMEs) is a critical phenomenon shaping the global business landscape. This paper presents comparative review between United States Africa, exploring diverse trajectories digitalization within these regions. While USA often at forefront technological advancements, Africa's SMEs exhibit unique challenges opportunities in their journey. In States, have embraced technologies to enhance operational efficiency, improve customer experiences, gain competitive edge. adoption cloud computing, data analytics, e-commerce platforms has become ubiquitous, fostering innovation scalability. study delves into specific strategies employed by American navigate complexities era. On contrary, African face distinct hurdles efforts. Infrastructure limitations, limited access capital, economic landscape present challenges. However, this sheds light on innovative approaches taken overcome barriers. Leveraging mobile technology, localized solutions, collaborative networks, are carving out paths. Moreover, emphasizes role government policies support mechanisms for both By examining regulatory frameworks, funding initiatives, skill development programs, provides comprehensive analysis ecosystem supporting evolution. dynamic process with nuances Africa. benefit from advanced infrastructures, showcase resilience adaptability leveraging tools Understanding essential policymakers, businesses, researchers seeking foster inclusive sustainable growth globally. Keywords: Digital Transformation, SMEs, USA, Review.

Язык: Английский

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Social media adoption in smes sustainability: evidence from an emerging economy

Cogent Business & Management, Год журнала: 2023, Номер 10(1)

Опубликована: Фев. 26, 2023

Social media is constantly changing the business landscape across all economic sectors. Given this, small and medium enterprises (SMEs) are leveraging this to give their businesses a new trend. In emerging economies, however, rate of adoption integration social among appears have lagged due multitude factors. Drawing on technology organization environment (TOE) framework, purpose study was investigate factors affecting application impact SMEs' sustainability in Ghana's context. Data collected from 430 managers SMEs Ghana using structured questionnaire analyzed PLS-SEM. Findings revealed that cost-effectiveness, customer pressure, employees' competence, financial resource availability, leaders' support positively influence adoption, while also impacts SME firms' sustainability. A negative effect was, observed for like industry perceived complexity, relative advantage, compatibility. This contributes rising deployment by improve competitiveness. The implications research discussed.

Язык: Английский

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Critical challenges of integrating OPEX strategies with I4.0 technologies in manufacturing SMEs: a few pieces of evidence from developing economies

The TQM Journal, Год журнала: 2022, Номер 36(1), С. 108 - 138

Опубликована: Ноя. 8, 2022

Purpose The study proposes to determine the impending challenges lean integration with Industry 4.0 (I4.0) in manufacturing that aims at achieving desired operational performance. Integrating and as two industrial approaches is synergetic providing benefits such increasing flexibility, improving productivity, reducing cost, delivery time, quality value stream mapping (VSM). There an urgent need understand integrated potential of OPEX strategies like also for SMEs further suggest a strategic roadmap future. Design/methodology/approach current work has used combined approach on interpretative structural modeling (ISM) fuzzy Matrice d'impacts croisés multiplication appliquée á un classment (MICMAC) structure multiple level analysis implementation integrate 4.0. Findings research found indulgence various issues lack standardization, vision trained support, all are major inhibit I4.0 technologies manufacturing. Research limitations/implications investigated internal factors acting roadblock adoption. Further studies may consider external implementation. Also, other excellence extend relevant sectors. Practical implications This provides barriers useful managers take actions implementing smart Originality/value determines adoption towards framework. first explore integrating SMEs.

Язык: Английский

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Innovative marketing and sales promotion: catalysts or inhibitors of SME performance in Ghana

Cogent Business & Management, Год журнала: 2024, Номер 11(1)

Опубликована: Май 17, 2024

Innovative marketing (IM) drives success in small and medium enterprises (SMEs); however, the impact of sales promotions (SPs) remains a double-edged sword. This is crux this study, which examines influence IM SP on SME performance Ghana. Hierarchical regression analysis tested hypotheses using sample SMEs registered with Ghana Enterprises Agency. The results indicated significant positive association between practices performance. Contrary to expectations, exhibited statistically negative In addition, moderates -performance link. practical implication that Ghanaian should synergistically integrate SPs practices. study addresses pressing need for entrepreneurial research grounded nuances African economies, enriching scholarly landscape.

Язык: Английский

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Investigating blockchain technology adoption intention model in halal food small and medium enterprises: moderating role of supply chain integration

International Journal of Logistics Research and Applications, Год журнала: 2023, Номер unknown, С. 1 - 25

Опубликована: Июнь 2, 2023

Blockchain infrastructures' promising benefits and tremendous growth revolutionised supply chain; especially for the highly concerned industry with integrity issues such as halal food. Drawing on technology, organisation, environment framework diffusion of innovation theory, this study investigates factors that affect food SMEs (HFSMEs). The questionnaires covering 500 halal-certified were conducted in Malaysia. results showed theory (DOI) technological-organisational-environmental (TOE) model was tested 175 respondents, showing top management support, trialability, external competitive pressure are critical influencing HFSMEs' intention to adopt BT. In contrast, relative advantage, compatibility, complexity, uncertainty security, observability, organisational readiness, government regulations show no effect intention. addition, chain integration (SCI) is a moderating factor diffusing

Язык: Английский

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Perspective Chapter: Empowering Small and Medium-Sized (SME) Entrepreneurs with Crisis Management Capacity and Skills in Africa

IntechOpen eBooks, Год журнала: 2025, Номер unknown

Опубликована: Март 12, 2025

Crisis situations in the global and competitive business environment of today have become new normal. The advent Covid-19 has shown that African small medium-sized (SME) businesses are vulnerable to crisis situations, sparking recent interest among scholars investigate this phenomenon, given there is limited previous research regard, especially developing countries. This gap necessitated systematic review study which examined a number sources based on peer-reviewed journals reports regarding management as it relates SMEs. data collected were appraised according their relevance topic under investigation analyzed thematically. results highlighted inevitable permanent feature today’s environment, businesses, irrespective size, impacted by including Additionally, discovered SMEs long been suffering from even before crisis, was evident high failure rates over years, reported various studies. also determined not resilient enough survive manage particularly due lack finance, managerial skills, inadequate government support. author notes study’s findings implications for policymakers who need streamline SME intervention programs, with regard funding skills development, effective past

Язык: Английский

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The management of micro and small enterprises in Mexico based on the influence of organizational variables

Región Científica, Год журнала: 2025, Номер unknown

Опубликована: Янв. 3, 2025

The purpose of this research was to suggest a linear multiple regression model that explains the variable direction based on impact various organizational variables such as sales management, innovation, marketing, satisfaction with company, competitive advantage, environmental assessment, and financial culture micro small businesses in municipality Durango, Mexico, from point view managers these entities. study is non-experimental cross-sectional correlational methodology. An instrument 54 items grouped into 10 dimensions used for measurement, applied 939 using technique statistical analysis. As result, meets all assumptions its validity, showing marketing management represent most influence studied. It concluded strategic essential organizations regardless size since it allows company be directed towards clear set more efficient goals objectives achieve business success.

Язык: Английский

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Ethical Banking and Growth of Small and Medium Enterprises in Emerging Economies

Sustainable development goals series, Год журнала: 2025, Номер unknown, С. 157 - 178

Опубликована: Янв. 1, 2025

Язык: Английский

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Investigating micro-level determinants of IFRS for SMEs prospective adoption in emerging economies – evidence from Morocco

Journal of Accounting in Emerging Economies, Год журнала: 2025, Номер unknown

Опубликована: Апрель 3, 2025

Purpose This study aims to investigate the determinants influencing prospective adoption of International Financial Reporting Standards for Small and Medium-sized Entities (IFRS SMEs) in Morocco. Design/methodology/approach Framed within theoretical lens Diffusion Innovations (DoI) theory, research employs a two-stage methodological approach using survey 102 Moroccan SMEs. With Principal Components Analysis, new factors were identified while Logistic regression (Logit) assesses likelihood IFRS SMEs’ adoption, focusing on organizational, professional innovation-related variables. Findings The reveals that SMEs perceive as insufficiently aligned with their operational realities, offering limited perceived benefits local context. While there is preference converging internationally recognized standards, respondents advocate contextual adaptations address specific needs. Hypothesis testing suggests none examined had statistically significant impact except facilitating properties standards. Research limitations/implications focuses single country, which may limit generalizability findings other contexts. Practical implications underscore necessity policymakers systemic deficiencies existing accounting framework. Additionally, they should shift from passive enablers active engagement drivers by linking tax incentives measurable milestones rather than providing blanket support. To support smooth transition, bodies move beyond facilitation adopt strategic interventionist role – ensuring fosters complacency. Originality/value addresses underexplored pre-adoption phase, shedding light micro-level pertinent emerging economies often marginalized macro-focused studies. It introduces an ex ante perspective discourse contributing broader literature standard markets also refines DoI models incorporating novel innovation individual categories, thereby enhancing its applicability similar settings.

Язык: Английский

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Role of Family and Survival Strategies of Micro-Family Food Business during COVID-19 Pandemic

Journal of Tourism and Services, Год журнала: 2023, Номер 14(26), С. 153 - 172

Опубликована: Июнь 29, 2023

This study aimed to investigate the challenges faced, and strategies adopted by micro-family food businesses (MFFB) in Malaysia examine family's role managing such during COVID-19 crisis. A qualitative research approach was employed, using semi-structured interviews with MFFB owners. The ceased after six participants, ensuring data saturation interpreted data's trustworthiness is explained. findings revealed that faced multiple challenges, including a drop sales, business closure, financial instability, pressure on fixed costs. Besides, this captured several unique survival owners, as generosity towards customers, changes operation, online advertisements, customer satisfaction surveys, maintaining quality prices, initiating takeaway orders, collaboration aggregators. results indicate task management, responsibility, reliance are essential family-owned significant strategies. It implies family relationships play business's direction survival; future directions might compare larger capacity. sheds light of families pandemic provides practical implications for policymakers, practitioners support overcoming unexpected adversity. By better understanding MFFB, it anticipated gain greater insight into how Malaysian can become more resilient future.

Язык: Английский

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