University of Twente Student Theses
Exploring the Challenges Faced by Small and Medium Sized Enterprises When Adapting to Technological Change
Mihoci, Alexander (2022) Exploring the Challenges Faced by Small and Medium Sized Enterprises When Adapting to Technological Change.
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| Abstract: | Small to medium sized enterprises account for the majority of firms on a global scale and play a vital role in the provision of goods and services. Nevertheless, SMEs often lack the means to react effectively to the rapidly evolving technological landscape, which in turn can lead to their demise. This paper aims to highlight the potential shortcoming SMEs can face when adapting to technological change with the intention of making firms aware of the associated challenges. In order to identify the key challenges, a systematic literature was done as well as an in-depth case study with 4 different SMEs. The most frequently encountered shortcomings were financial, skills and knowledge as well as time challenges. However, discrepancies between theory and real-world SMEs have been identified and this paper aims to cross-reference such problems and therefore develop a framework that will provide a comprehensive overview of associated challenges for SMEs. As such, shortcomings can be prevented and planned for so that SMEs have the best chance for survival in their domain. |
| Item Type: | Essay (Bachelor) |
| Faculty: | EEMCS: Electrical Engineering, Mathematics and Computer Science |
| Subject: | 01 general works |
| Programme: | Business & IT BSc (56066) |
| Link to this item: | https://purl.utwente.nl/essays/91762 |
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