Search Results (2,039)

This article aims to explore the role of management in translating the external factors’ and internal barriers’ impacts on the level of adoption of digital technologies as a lever for change in business operations and processes in small- and medium-sized enterprises (SMEs). SMEs face a distinct set of challenges when adopting digital technologies, often lacking resources and knowledge. On the other hand, they have certain characteristics, such as simpler organisational structures and processes, that make them more flexible than larger firms in leveraging technologies into new business models. Data for this study are obtained from 989 SMEs in Bulgaria in the manufacturing and services sectors. A PLS–SEM analysis confirms eight hypotheses raised on the relationships between environmental factors and government support and internal factors (management support, organisational flexibility, and risk-tolerant culture) that impact digital business intensity. Environmental factors’ impact is stronger than government support, while internal barriers are found to have no statistically significant relationship. The research findings highlight the important role of management support in guiding digital transformation through supporting organisational flexibility and promoting a risk-tolerant culture. Full article

Pakistan’s economic growth has been hindered by various internal and external factors since its independence in 1947. This study aims to identify the root causes of these issues and provide a comprehensive understanding of the country’s economic situation. Internally, inefficient bureaucracy, corruption, inadequate support for small and medium enterprises (SMEs), labor market rigidity, tax evasion, and regional inequalities have impeded development. External factors such as political instability, terrorism, weak governance, foreign policy challenges, and insufficient infrastructure have discouraged investment and disrupted economic activities. Pakistan’s reliance on low-tech exports has also led to a loss of competitiveness in international trade. To revitalize the economy, the study suggests reforms in governance, bureaucracy, and infrastructure, with a focus on supporting SMEs, reducing corruption, and attracting investment. The adoption of circular economy (CE) practices, particularly through the use of recycled materials, is proposed as a viable pathway to enhance economic resilience and environmental sustainability. The study highlights the potential for integrating CE strategies, drawing from successful global practices, to address Pakistan’s economic and environmental challenges. However, the reliance on historical data and linear econometric models may not fully capture the evolving economic dynamics, necessitating further research incorporating real-time data and sector-specific approaches. Despite these limitations, the study provides actionable insights for policymakers, offering a framework for Pakistan and other developing economies to achieve sustainable growth. Full article

The current study has four main objectives. First, it aims to investigate the effect of the relationship between information technology (IT) dimensions (customer relationship management, knowledge management, and human resource management) and innovative practices on organizational agility in small and medium-size companies (SMEs). Second, it seeks to measure the relationship between IT components and innovative performance. Third, it examines the impact of innovative performance on organizational agility. Fourth it explores the mediating role of innovative performance in the relationship between IT and organizational agility. These objectives provide a clear roadmap for the research and guide the analysis and interpretation of the findings. This paper’s statistical population was composed of senior managers in SMEs in Khorsaran Razavi, Iran. The data were collected using standard questionnaires, 172 which were received in 2023 and analyzed using SPSS version 25 and SmartPLS version 4 software. The results demonstrate that using customer relationships, human resources, and knowledge management as three dimensions of IT and innovative performance can enhance organizational agility. Moreover, innovative performance plays a crucial role as a mediator, strengthening the impact of information IT dimensions on organizational agility. These findings underscore the practical relevance for companies operating in a dynamic economic environment. Special attention to organizational agility and practical factors will increase flexibility, speed of response, etc., and, ultimately, companies’ success in this tense economic environment. The innovation of this research is that the three dimensions of IT, including evaluating customer relationship management, human resource management, and knowledge management, is a growing research field in organizational agility. Therefore, this research is vital in empowering SMEs to increase agility. By evaluating the effect of the four variables of knowledge management, customer relationship management, human resource management, and innovative performance on organizational agility in SMEs, on the one hand, this research expands the theoretical literature and, on the other hand, helps such companies. Full article

This study addresses a significant gap in the literature by comparing the effectiveness of traditional statistical methods with artificial intelligence (AI) techniques in predicting bankruptcy among small and medium-sized enterprises (SMEs). Traditional bankruptcy prediction models often fail to account for the unique characteristics of SMEs, such as their vulnerability due to lean structures and reliance on short-term credit. This research utilizes a comprehensive database of 7104 Belgian SMEs to evaluate these models. Belgium was selected due to its unique regulatory and economic environment, which presents specific challenges and opportunities for bankruptcy prediction in SMEs. Our findings reveal that AI techniques significantly outperform traditional statistical methods in predicting bankruptcy, demonstrating superior predictive accuracy. Furthermore, our analysis highlights that a firm’s position within the Global Value Chain (GVC) impacts prediction accuracy. Specifically, firms operating upstream in the production process show lower prediction performance, suggesting that bankruptcy risk may propagate upward along the value chain. This effect was measured by analyzing the firm’s GVC position as a variable in the prediction models, with upstream firms exhibiting greater vulnerability to the financial distress of downstream partners. These insights are valuable for practitioners, emphasizing the need to consider specific performance factors based on the firm’s position within the GVC when assessing bankruptcy risk. By integrating both AI techniques and GVC positioning into bankruptcy prediction models, this study provides a more nuanced understanding of bankruptcy risks for SMEs and offers practical guidance for managing and mitigating these risks. Full article

Small and medium enterprises (SMEs) significantly contribute to society’s growth and welfare. Nevertheless, SMEs often experience challenges, i.e., high levels of competition and market demands. To maintain SMEs’ existence, a competitive advantage is demanded by increasing innovative work behavior. This study explores and evaluates the relationship between transformational leadership and innovative work behavior and examines the mediating role of knowledge sharing and psychological empowerment on the relationship between transformational leadership and innovative work behavior. This study uses a quantitative approach, where data were gathered from a questionnaire distributed to 190 employees of export SMEs and were further examined using Smart PLS 3.2.9. The findings demonstrate that transformational leadership does not influence innovative work behavior but significantly and positively influences psychological empowerment and knowledge sharing. Psychological empowerment and knowledge sharing significantly and positively influence innovative work behavior. Subsequently, psychological empowerment and knowledge sharing partially mediate the linkage between transformational leadership and innovative work behavior. Full article

The paper aims to find disparities in the perception of sustainability-related criteria’s impact on the sustainability of the SMEs in the countries of the V4 based on gender. The case study was conducted on 1398 responses from owners or top managers in Visegrad Group countries (V4). The questionnaire contained 52 questions. Data collection was conducted by an external agency using the CAWI methodology. The statistical hypotheses were verified by applying structural equation modelling (SEM method). The empirical findings are important for many authors and researchers. The environmental aspect of entrepreneurship is the most important factor, having a strong positive impact on the sustainability of SMEs. This includes active involvement in environmental protection, environmental responsibility as a part of SME governance, and the perception of owners regarding the environment in firm management. Gender disparities are important in evaluating financial management, the level of digitalisation in a firm, human resource management, and business ethics, and their effect on the sustainability of SMEs. Full article

Smart technology is essential for integrating circular economy principles. This research investigates how conflict management strategies (collaboration, accommodation, avoidance, compromise, and competition) impact the adoption of smart technology, particularly blockchain, in Jordanian SMEs. Additionally, the study explores the moderating role of customer-centric green supply chain management in the relationship between blockchain adoption and circular economy principles. This research addresses a gap in the literature by focusing on Jordanian SMEs, an under-explored context. Data were collected from 421 senior managers, department heads, and executives of Jordanian SMEs, and analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM), to test the hypotheses and analyze complex relationships. The findings reveal that conflict management strategies are critical in blockchain adoption, with collaboration and compromise emerging as the most influential. Moreover, blockchain adoption positively impacts the implementation of circular economy principles. The moderating effect of customer-centric green supply chain management enhances the sustainability and competitiveness of SMEs through blockchain technology. This research contributes to theory and practice by providing valuable insights into the strategic role of conflict management in driving technological innovation and sustainability within the circular economy framework, particularly in the context of Jordanian SMEs. Full article

Navigation through AI transformative initiatives is challenging for small and medium enterprises (SMEs) in the Mobility–Transport–Automotive (MTA) ecosystem. To move to a higher AI maturity level, they should work on the improvement of indicators in several dimensions. The main role in these processes is assigned to the SME’s manager, but contemporary research is the least concerned with their support. This paper aims to shed light on supporting the strategic decisions that facilitate SMEs’ implementation of AI services (AIaaS). Applying the principles of design thinking to the design of AI services, the author describes the role of SME managers in AI transformation processes as a base for future AIaaS design. Full article

Small and medium enterprises (SMEs) are vital to the European economy, but sustaining coopetition networks—collaborative arrangements between competitors—remains challenging. In this study, this gap is addressed by developing a reference model and methodology for coopetition networks explicitly designed for SMEs and grounded in the service-dominant (S-D) logic framework. The model provides a structured approach for managing coopetition across the entire network lifecycle, from initiation to dissolution, emphasizing value co-creation and resource integration. A proof of concept (PoC) was implemented in the Portuguese ornamental stone sector to validate the model, revealing significant improvements in manufacturing effectiveness and demonstrating the model’s practical applicability. The results underscore the potential of coopetition networks to boost SMEs’ competitiveness and performance while identifying key trade-offs and risks, such as knowledge sharing and market cannibalization. Although the model addresses critical challenges, in this study, limitations are acknowledged and areas for future research are suggested, particularly in relation to the long-term sustainability of coopetition and the influence of interpersonal dynamics. Full article

The goal of this study is to find out how corporate social responsibility (CSR) affects managers’ commitment to sustainability and the long-term success of small and medium-sized businesses (SMEs) in Pakistan. In addition to that, this study aims to find out how a manager’s focus on sustainability affects CSR activities and how these activities affect the economic, social, and environmental performance of a company in Pakistan. People who own or run small businesses in Pakistan’s manufacturing sector filled out survey questionnaires that were used to collect the data. Using the software SmartPLS 3.0, a statistical method called partial least square structural equation modeling was used to look at the research model. The findings show that CSR acts as a bridge between managers’ and owners’ sustainability goals and employees’ sustainability goals. Full article

This paper examines how R&D human capital can mitigate the negative effects of financing constraints on firm innovation, using survey data from 4000 South Korean manufacturing firms. The results confirm that financing constraints are generally associated with lower levels of product innovation. However, firms with stronger R&D human capital—measured by higher education levels and a larger proportion of R&D employees—are better able to overcome these financial barriers. Moreover, the positive moderating effect of R&D human capital is significantly enhanced in firms with an entrepreneurial culture, which supports risk-taking and innovation. These findings underscore the importance of investing in intangible assets, such as human capital and fostering a culture of entrepreneurship to sustain innovation during periods of financial distress. Policymakers should consider expanding financial support for R&D activities, particularly for small and medium-sized enterprises (SMEs) that face higher costs of capital. This study contributes to the literature by using direct measures of financial constraints and highlighting the role of human capital in innovation, especially in financially constrained environments. Full article

Traditionally, professionals in the tourism sector have been encouraged to segment their market based on socio-demographic variables. However, the multifaceted nature of tourist activity calls for consideration of psychological factors to effectively shape marketing strategies. This study aims to provide insights for tourism industry practitioners by investigating the roles of tourists’ personalities and travel motivations in shaping their activities and their commitment to sustainability in Cumbria, home to UNESCO World Heritage Sites like the Lake District National Park and Hadrian’s Wall. Data were collected using quantitative methods to identify correlations between personality traits, travel motivations, and tourist activities. Additionally, a qualitative focus group with SME representatives from Cumbria provided insights into their understanding of the model. The findings provide significant insights into how the relationships between personality traits, travel motivations, and tourist activities can benefit tourism SMEs. By comprehending tourists’ behaviour, SMEs can tailor their offerings to appeal to the right audience, mitigating the adverse effects of overtourism, and therefore do more than allude to the concept of sustainability. Using these insights, SMEs could make informed decisions and create more effective marketing strategies, fostering sustainable practices that benefit both their customers and the long-term viability of their businesses and the destination. Full article

Within process development, numerous experimental studies are undertaken to establish, optimize and characterize individual bioprocess unit operations. These studies pursue diverse objectives such as enhancing titer or minimizing impurities. Consequently, Design of Experiment (DoE) studies are planned and analyzed independently from each other, making it challenging to interlink individual data sets to form a comprehensive overview at the conclusion of the development process. This paper elucidates the methodology for constructing a Life-Cycle-DoE (LDoE), which integrates data-driven process knowledge through design augmentations. It delves into the strategy, highlights the challenges encountered and provides solutions for overcoming them. The LDoE approach facilitates the augmentation of an existing model with new experiments in a unified design. It allows for flexible design adaptations as per the requirements of subject matter experts (SME) during process development, concurrently enhancing model predictions by utilizing all available data. The LDoE boasts a broad application spectrum as it consolidates all data generated within bioprocess development into a single file and model. The study demonstrates that the LDoE approach enables a process characterization study (PCS) to be performed solely with development data. Furthermore, it identifies potentially critical process parameters (pCPPs) early, allowing for timely adaptations in process development to address these challenges. Full article

Labneh is a popular fermented dairy product, which contemporarily has diversified into a varied range of styles, formulated with the inclusion of multiple additives, and is sourced across the globe. This has driven labneh’s emergence as a complex product with varying textural and rheological characteristics. The lack of scientific literature about labneh products available in the United Arab Emirates (UAE) market and their characterization has prompted this study. A detailed UAE market analysis of labneh for label, formulation, nutrition, and price variability was conducted. Surveyed labneh products were categorized as unpackaged, multinational company (MNC), small and medium enterprise (SME), and specialty products. They differed in manufacturing, such as acid ± enzyme coagulation with/without post-fermentation heat treatment, and contained various stabilizers, emulsifiers, preservatives, and processing aids. Interestingly, almost equal proportions, 64.7% and 67%, of MNC and SME labneh contained additives, respectively. All MNC labneh were post-heat-treated, in contrast to only 7% of SME labneh. Organic labneh and non-bovine milk-based labneh are not yet widely available. The second part of the study involved the physicochemical characterization of a select number of packaged labneh that were categorized in accordance with fat content as high-fat (17–18%), full-fat (7.1–8%), and lite-fat (3.5–4.5%). High-fat labneh showed a significantly higher complex viscosity, complex modulus, hardness, adhesiveness, stringiness, and fracturability, followed by lite-fat labneh compared to full-fat labneh, especially when it contained pectin. Full-fat labneh with added gums (and starch) and high-fat labneh with gums showed a significantly lower complex modulus compared to their respective control labneh. This study highlights the variety of commercial labneh products available and differences in their formulation, manufacturing, and composition, and provides specific dependencies of materials with their physicochemical characteristics. Full article

This paper investigates the key drivers influencing the internationalization of agricultural small and medium-sized enterprises (agri-SMEs) in Latin America, with a particular emphasis on the role of social and ethnic networks. Focusing on Argentina, Brazil, and Chile—three of the region’s largest agricultural economies—this study examines how familial and cultural connections between descendants of European immigrants and European entrepreneurs facilitate the global expansion of agri-SMEs. Using a cross-sectional quantitative analysis, data from agri-SME managers reveal the importance of these networks in reducing market entry barriers by providing insider knowledge of foreign markets, regulatory conditions, and potential business partnerships. The findings demonstrate that ethnic networks significantly reduce market entry barriers, providing Latin American agri-SMEs access to essential insider knowledge on foreign markets and local regulations, thereby facilitating internationalization. Additionally, agri-SMEs that leverage these networks are better positioned to meet growing global demands for sustainable, traceable food products, gaining a competitive advantage in international markets. The strength and frequency of interactions within ethnic networks are positively correlated with the degree of internationalization, highlighting the importance of social capital in overcoming operational challenges. This paper contributes to the literature by highlighting the underexplored role of ethnic networks in shaping the international marketing strategies of agricultural firms and their capacity to adapt to evolving consumer behaviors. The study offers practical insights for supporting the global integration of agri-SMEs in Latin America, addressing both operational challenges and the increasing need for sustainable food production practices. Full article