Content area
This paper explores the relationship between digitalization and the performance of small and medium-sized enterprises (SMEs), analyzing key drivers and barriers to digital transformation. The study is based on a comprehensive literature review, synthesizing the latest research relevant to the topic. The objective of this workpaper is to provide an insight into the factors influencing the success of digitalization processes, highlighting the role of technology adoption, organizational readiness, regulatory frameworks, and financial constraints. In addition, this workpaper aims to offer recommendations that strengthen business resilience and support the implementation of national digital transformation plans. These recommendations align with the objectives of the EU Digital Compass (2021), emphasizing the need for targeted support mechanisms, improved digital infrastructure, and strategic investments in digital skills. Finally, this paper contributes to the ongoing discourse on fostering SME digitalization in an increasingly digital and competitive economy.
Details
Small business;
Competitive advantage;
Trends;
Productivity;
Leadership;
Data analysis;
Efficiency;
Competition;
Skills;
Literature reviews;
Innovations;
Big Data;
Technology adoption;
Digital transformation;
Small & medium sized enterprises-SME;
Digitization;
Business models;
Data collection;
Cloud computing;
Digital technology;
Digital economy