| Title: | Small and medium-sized enterprises in the digital age : understanding characteristics and essential demands |
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| Authors: | ID Bradač Hojnik, Barbara (Author)
ID Huđek, Ivona (Author) |
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| Files: |  Hojnik-2023-Small_and_Medium-Sized_Enterprises.pdf (502,33 KB)
MD5: 5E4278C474C7E1C0F986B5435C19BBEC
 https://doi.org/10.3390/info14110606
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| Language: | English |
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| Work type: | Scientific work |
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| Typology: | 1.01 - Original Scientific Article |
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| Organization: | EPF - Faculty of Business and Economics
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| Abstract: | The article explores the implementation of digital technology in small and medium-sized Slovenian enterprises (SMEs), with a focus on understanding existing trends, obstacles, and necessary support measures during their digitalization progress. The surveyed companies mainly rely on conventional technologies like websites and teamwork platforms, emphasizing the significance of strong online communication and presence in the modern business world. The adoption of advanced technologies such as blockchain is limited due to the perceived complexity and relevance to specific sectors. This study uses variance analysis to identify potential differences in the digitalization challenges faced by companies of different sizes. The results indicate that small companies face different financial constraints and require more differentiated support mechanisms than their larger counterparts, with a particular focus on improving digital competencies among employees. Despite obtaining enhancements such as elevated operational standards and uninterrupted telecommuting via digitalization, companies still face challenges of differentiation and organizational culture change. The study emphasizes the importance of recognizing and addressing the different challenges and support needs of different-sized companies to promote comprehensive progress in digital transformation. Our findings provide important insights for policymakers, industry stakeholders, and SMEs to formulate comprehensive strategies and policies that effectively address the diverse needs and challenges of the digital transformation landscape. |
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| Keywords: | digital transformation, digital technology adoption, small and medium-sized enterprises (SMEs), digitalization challenges, digitalization support |
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| Publication status: | Published |
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| Publication version: | Version of Record |
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| Submitted for review: | 04.10.2023 |
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| Article acceptance date: | 24.10.2023 |
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| Publication date: | 09.11.2023 |
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| Publisher: | MDPI |
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| Year of publishing: | 2023 |
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| Number of pages: | Str. 1-22 |
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| Numbering: | Letn. 14, Št. 11, št. članka 606 |
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| PID: | 20.500.12556/DKUM-88243  |
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| UDC: | 004.8 |
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| ISSN on article: | 2078-2489 |
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| COBISS.SI-ID: | 171514627 |
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| DOI: | 10.3390/info14110606 |
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| Publication date in DKUM: | 11.04.2024 |
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| Views: | 299 |
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| Downloads: | 40 |
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| Metadata: |    |
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| Categories: | Misc.
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