2021
DOI: 10.3390/su13137114
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Sustainable Growth Variables by Industry Sectors and Their Influence on Changes in Business Models of SMEs in the Era of Digital Transformation

Abstract: SMEs around the world are constantly under threats to their survival and sustainable growth. This study evaluated the variables influencing the sustainable growth of SMEs in the technological evolution of digital transformation. I propose a business model innovation strategy for the sustainable growth of SMEs. Furthermore, I evaluated the variables influencing growth by industry sector and present strategies for innovation in the business model. Data were collected from 205 CEOs in six sector industries in Kor… Show more

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Cited by 33 publications
(23 citation statements)
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“…Firms operating in the supply chain (SC) sector can improve their supply chain and enterprise sustainability by considering various performance indicators based on big data mining techniques [30]. According to Kim [31], business managers seeking financial, and thus sustainable, growth should improve their technological and marketing innovations, among other variables. This highlights the close bond between sustainability and financial performance.…”
Section: Air Forwarders' Strategy Via Crowdsourcing/crowdfundingmentioning
confidence: 99%
“…Firms operating in the supply chain (SC) sector can improve their supply chain and enterprise sustainability by considering various performance indicators based on big data mining techniques [30]. According to Kim [31], business managers seeking financial, and thus sustainable, growth should improve their technological and marketing innovations, among other variables. This highlights the close bond between sustainability and financial performance.…”
Section: Air Forwarders' Strategy Via Crowdsourcing/crowdfundingmentioning
confidence: 99%
“…This is attributed to their inability to achieve economies of scale, difficulties they face in accessing credit or investment, lack of appropriate skills, and their informality [63]. There are also some characteristics that may affect the performance of SMEs, such as the industrial sector, management, technology, technical competence in marketing, and innovation [64]. One study demonstrates that innovation driven by digitalization plays an important role in mediating the relationships between resources for business model experimentation as well as business model strategy implementation and the overall SME performance [28].…”
Section: Small and Medium Enterprises (Smes)mentioning
confidence: 99%
“…Small and medium enterprises possess a number of unique attributes (e.g., the concentration of capital, responsiveness, or simple structures) [2,3], but their development is hindered by a number of barriers [4]. However, the achievements of SMEs and their position in the economy demonstrate their great ability to overcome various obstacles [5,6] (pp.…”
Section: Literature Reviewmentioning
confidence: 99%