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Status quo research on technology knowledge in SMEs

  • Small and Medium Enterprises (SMEs) which play substantial role in the development of any economy have been on the rise in the recent periods. Consequently, these enterprises are faced with a myriad of challenges which could potentially be solved through adoption of technology. Nonetheless, it has been observed that the new technological uptake among SMEs remains limited with the majority of them opting to maintain the status quo with regards to technology awareness and innovation strategies. In a literature review, this paper explores three major dynamics curtailing adoption of new technologies by SMEs in the manufacturing: Knowledge absorptive capacity and management factors, organisational structures as well as technological awareness. Firstly, with regards to knowledge absorptive capacity and management factors, this study shows how these factors drive innovation potentials in SMEs. Secondly, with regards to technological awareness factors, this study documents how perceived usefulness, costs, network and infrastructure, education and skills, training and attitude as well as knowledge influence adoption of new technologies among SMEs in the world. Lastly, the study concludes by analysing how organisational structures drive innovation potentials of SMEs in the wake of swift and profound technological changes in the market.

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Author of HS ReutlingenKinitzki, Martin; Sigle, Natascha; Hertweck, Dieter
Erschienen in:Central European Conference on Information and Intelligent Systems Proceedings 30th International Scientific Conference , 2019 : October 2nd - 4th, 2019, Varaždin, Croatia
Publisher:University of Zagreb
Place of publication:Varaždin
Editor:Vjeran Strahonja, Dieter Hertweck
Document Type:Conference proceeding
Publication year:2019
Tag:SMEs; digital skills; digital transformation; knowledge; technologies
Page Number:7
First Page:173
Last Page:179
DDC classes:004 Informatik
Open access?:Ja
Licence (German):License Logo  Creative Commons - CC BY-NC-ND - Namensnennung - Nicht kommerziell - Keine Bearbeitungen 4.0 International