Analysing the state of digitisation in SME – A survey based on an SME-specific maturity model

Wittine, Nicolas; Sutherland, Robin; Wenzel, Sigrid; Bicalho, Ana Luiza Amaral

doi:10.15488/11301

Cited by 1 publication

(2 citation statements)

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“…This section will delve into the theories and discoveries from the documentary research on these phrases, ensuring that there is no room for uncertainty or conjecture. Reference Keywords [16][17][18][19][20][21][22] Digital Organization [23][24][25][26][27][28][29][30][31][32] Digital Transformation [1,33] Medium-Sized Enterprises or Medium-Sized SMEs [34] LiVE Exchange or LiVEx [13,35,36] Sustainable Growth in the Digital Economy Era…”

Section: Theoretical Backgroundmentioning

confidence: 99%

“…However, SMEs face three additional constraints while implementing digital transformation compared to larger companies: resource scarcity, a lack of specialized expertise, and limited market influence [30]. Despite these limitations, SMEs must begin the process early on [31] since technology enhances businesses' adaptability and resilience, positively affecting their organizational age [32]. This study has synthesized digital transformation into five factors: digital literacy, digital leadership, digital advocacy, digital readiness, and digital usage.…”

Section: Digital Transformationmentioning

confidence: 99%

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How Could Digital Transformation Help Medium-Sized Enterprises Access Thailand’s New Capital Market Financing (LiVEx) to Support Sustainable Growth in the Digital Economy Era?

Tanapaisankit,

Sirisunhirun,

Amornsiriphong

et al. 2024

Sustainability

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In today’s modern era, digital transformation serves as a crucial element for organizations to gain a competitive edge and optimize their operating systems. However, medium-sized enterprises in Thailand face difficulties in accessing capital market financing, despite its significance in promoting the development of small- and medium-sized enterprises according to the 13th National Economic and Social Development Plan. One potential solution to this issue is digital transformation, which can help these enterprises achieve their strategic business objectives and find a reliable source of funding while enhancing their reputation and credibility, thereby contributing to the growth of the economy as a whole. This study utilized a mixed-methods approach to explore how digital transformation can assist medium-sized enterprises in accessing LiVEx, a new capital market for Thai SMEs. We conducted extensive research and interviewed 12 senior executives across three groups, government agencies, LiVEx-listed companies, and social associations, to develop a questionnaire and conceptual model. Data collected from 360 individuals working in medium-sized enterprises in Thailand collected using an online questionnaire were then analyzed, using CFA and SEM techniques to validate the model. Our study emphasizes the importance of digital literacy, digital usage, and digital advocacy in the success of digital transformation in accessing Thai capital market financing. These findings serve as a valuable knowledge repository for future research.

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