2021
DOI: 10.3390/joitmc7040214
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Management Practice in Small and Medium-Sized Enterprises: Problems and Solutions from the Perspective of Open Innovation

Abstract: A large proportion of small and medium-sized enterprises are managed by their owners and founders. The goal of this research was to describe the diversity of management practices in owner-managed SMEs. Understanding this diversity will raise awareness of the challenges SMEs are facing and suggest possible solutions that will help improve their management and sustainability. In this study, 205 owner-managed SMEs with more than nine people employed were analyzed using a company self-assessment based on a tailor-… Show more

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Cited by 9 publications
(8 citation statements)
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“…Because it permanently stores transaction history at every node of the blockchain, BT allows anyone to see the records of each transaction they conduct [6,8,12,23]. Furthermore, because blockchain transactions are recorded using public and private keys (i.e., lengthy strings of characters that no one can read), persons can opt to remain anonymous in order to safeguard their privacy while allowing other parties to authenticate their identity [6,10,24].…”
Section: Literature Review and Hypothesis Development 21 Blockchain A...mentioning
confidence: 99%
See 1 more Smart Citation
“…Because it permanently stores transaction history at every node of the blockchain, BT allows anyone to see the records of each transaction they conduct [6,8,12,23]. Furthermore, because blockchain transactions are recorded using public and private keys (i.e., lengthy strings of characters that no one can read), persons can opt to remain anonymous in order to safeguard their privacy while allowing other parties to authenticate their identity [6,10,24].…”
Section: Literature Review and Hypothesis Development 21 Blockchain A...mentioning
confidence: 99%
“…It has been discovered that those who consider supporting sustainability while conceiving the activities have a strong appreciation for the movement [11,12,24,33]. A business strategy that integrates environmental and cultural issues is referred to as "sustainable orientation" [27].…”
Section: Sustainability Orientationmentioning
confidence: 99%
“…From another perspective, it is important to analyze the developed decision support model from the viewpoint of complexity science and open innovation. This area of knowledge has deep application and novel approaches for problem solving in a wide range of domains-for instance, technology transfer performance [92]; adoption of new technologies, such as blockchain, big data, artificial intelligence, 3D printing, and virtual and augmented reality [93,94]; dynamics of business models [95][96][97]; quality analysis of complex products [98,99]; performance of corporate entrepreneurship [100][101][102]; design rules and modular architectures [103]; digital transformation in the banking sector [104]; and R&D innovation [105,106].…”
Section: A Bid/mark-up Decision Support Model and Open Innovation Dyn...mentioning
confidence: 99%
“…The knowledge produced in innovation environments can be the answers or solutions to current problems, enabling companies, organized societies, and public authorities to apply them, generating and capturing value [25]. This highlights how these environments must be dynamic to develop different types of innovation and solutions, spreading the concept of open innovation [69]. The innovation and technology environments, aside from potentiating open innovation in different areas, also create a collaborative network between universities and companies [64].…”
Section: Worldwide Innovation Environment and Open Innovationmentioning
confidence: 99%