A Study on Digital Transformation of Small and Medium-sized Enterprises under Matching Resources and Capabilities

Against the backdrop of the digital wave sweeping across the globe, small and medium - sized enterprises (SMEs), as a crucial engine of economic development, are now confronted with unprecedented opportunities and challenges. Digital transformation is not merely a pivotal avenue for enhancing enterprise competitiveness but also an inevitable choice for achieving sustainable development. Nevertheless, during the transformation process, SMEs are often constrained by resource scarcity and insufficient capabilities, resulting in less - than - satisfactory transformation outcomes. The issue of the matching between resources and capabilities has emerged as the core bottleneck restricting the digital transformation of SMEs. This research focuses on the perspective of the matching between resources and capabilities, aiming to explore how SMEs can achieve breakthroughs in digital transformation by optimizing resource allocation and enhancing core capabilities under the condition of limited resources. By integrating theory with practice, this paper provides practical transformation strategies for SMEs, enabling them to seize the initiative in the digital era and achieve high - quality development.

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Publication Details

Journal
Financial Engineering and Risk Management
Published
2025-01-01
DOI
https://doi.org/10.23977/ferm.2025.080115
Primary Topic
Digitalization and Economic Development in Agriculture
Type
article
Field-Weighted Citation Impact
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article

A Study on Digital Transformation of Small and Medium-sized Enterprises under Matching Resources and Capabilities

Financial Engineering and Risk Management
Digitalization and Economic Development in Agriculture
article

A Study on Digital Transformation of Small and Medium-sized Enterprises under Matching Resources and Capabilities

article en

Abstract

Against the backdrop of the digital wave sweeping across the globe, small and medium - sized enterprises (SMEs), as a crucial engine of economic development, are now confronted with unprecedented opportunities and challenges. Digital transformation is not merely a pivotal avenue for enhancing enterprise competitiveness but also an inevitable choice for achieving sustainable development. Nevertheless, during the transformation process, SMEs are often constrained by resource scarcity and insufficient capabilities, resulting in less - than - satisfactory transformation outcomes. The issue of the matching between resources and capabilities has emerged as the core bottleneck restricting the digital transformation of SMEs. This research focuses on the perspective of the matching between resources and capabilities, aiming to explore how SMEs can achieve breakthroughs in digital transformation by optimizing resource allocation and enhancing core capabilities under the condition of limited resources. By integrating theory with practice, this paper provides practical transformation strategies for SMEs, enabling them to seize the initiative in the digital era and achieve high - quality development.

Financial Engineering and Risk ManagementVol. 8(1)
Simon Fraser University (CA)
Industry, innovation and infrastructure
Openalex Percentile: Top 92%
Digitalization and Economic Development in Agriculture
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