SMEs challenges under conditions of digital transformation
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Date
2023
Authors
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Publisher
Ivane Javakhishvili Tbilisi State University Press
Abstract
Industry 4.0 and digital transformation is profoundly transforming SMEs’ business activities. SMEs represent
about 90% of businesses and more than 50% of employment worldwide. In 2020, 99.6% of active enterprises
in Georgia were SMEs. A digitalisation journey of a business requires a long-term vision along with skills and
capacity development. With this base the challenge for SMEs is to create flexible organisational structures and
to boost their employees’ interdisciplinary thinking. At the end the author gives a brief conclusion.
Description
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Keywords
Citation
VIII International Scientific Conference: "Challenges of Globalization in Economics and Business", Proceedings , Tbilisi, 2023, pp. 79-85