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Digital Transformation of Strategic Management of SMEs in the Czech Republic

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  • ČERVINKA Tomáš

Abstract

Strategic management of SMEs is perceived as crucial backbone of their business, as it impacts their business models and internal processes all the way up to digital innovation measured by the level of digital maturity. How do the strategic management factors influence the digital maturity? Through quantitative analysis of 76 questionnaires collected from SMEs in the Czech Republic, the research data was collected and statistically tested. Results imply that strategic management factors affect the level of digital maturity. This paper contributes to prior literature by practical implementation of modified digital maturity model and by addressing the correlation of strategic management factors and the level of digital maturity. Limitations springing from sample’s site and environment are addressed and discussion on the results is conducted. Author proposes a conclusion that strategic management factors can be perceived as a driver of digital transformation, emphasizing the need for future research and practical discussion.

Suggested Citation

  • ČERVINKA Tomáš, 2023. "Digital Transformation of Strategic Management of SMEs in the Czech Republic," European Journal of Interdisciplinary Studies, Bucharest Economic Academy, issue 01, March.
    • Handle: RePEc:jis:ejistu:y:2023:i:01:id:520
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    References listed on IDEAS

    as
    1. Hess, Thomas & Matt, Christian & Benlian, Alexander & Wiesböck, Florian, 2016. "Options for Formulating a Digital Transformation Strategy," Publications of Darmstadt Technical University, Institute for Business Studies (BWL) 81032, Darmstadt Technical University, Department of Business Administration, Economics and Law, Institute for Business Studies (BWL).
    2. Youngjin Yoo & Richard J. Boland & Kalle Lyytinen & Ann Majchrzak, 2012. "Organizing for Innovation in the Digitized World," Organization Science, INFORMS, vol. 23(5), pages 1398-1408, October.
    3. Hess, Thomas & Matt, Christian & Benlian, Alexander & Wiesböck, Florian, 2016. "Options for Formulating a Digital Transformation Strategy," Publications of Darmstadt Technical University, Institute for Business Studies (BWL) 82423, Darmstadt Technical University, Department of Business Administration, Economics and Law, Institute for Business Studies (BWL).
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    strategic management; digital transformation; digital maturity; strategic management factors; SME;
    All these keywords.

    JEL classification:

    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • M15 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - IT Management

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