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The Role of Knowledge Management in the Preparedness of Small- and Medium-Sized Enterprises for Digital Transformation

In: DIGITAL TRANSFORMATION FOR ENTREPRENEURSHIP

Author

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  • Lidia Davies

Abstract

The recent global pandemic has forced companies to move operations online, and rapidly changing market conditions have increased the business need for digital transformation. This chapter evaluates the general characteristics of small- and medium-sized enterprises and considers the common barriers and supporting factors these organizations face during a digital transformation. To address those challenges, knowledge management is proposed as a useful framework. A set of practical recommendations follows that SMEs might employ as they plan digital transformation.

Suggested Citation

  • Lidia Davies, 2024. "The Role of Knowledge Management in the Preparedness of Small- and Medium-Sized Enterprises for Digital Transformation," World Scientific Book Chapters, in: Susanne Durst & Aive Pevkur (ed.), DIGITAL TRANSFORMATION FOR ENTREPRENEURSHIP, chapter 4, pages 31-49, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789811270178_0004
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    More about this item

    Keywords

    Business and Management; Entrepreneurship; Small Business Management; Innovation / Technology / Knowledge; Digitalization; Digital Transformation;
    All these keywords.

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • M16 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - International Business Administration
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups
    • M1 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration

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