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Academic Journal of Business & Management, 2023, 5(16); doi: 10.25236/AJBM.2023.051618.

Analysis of the Digital Transformation of SMEs

Author(s)

Shuyue Zheng

Corresponding Author:
Shuyue Zheng
Affiliation(s)

Modern Academy of Social Sciences, Lomonosov Moscow State University, Moscow, Russia

Abstract

With the rapid development of the digital economy, the flourishing of innovation and entrepreneurship, and the emergence of new industries and models in recent years, it is only natural for China, which is accelerating its modernisation, to seize the opportunities presented by the digital economy. As the integration of digital technology and the real economy continues to advance, one of the ensuing issues that must be faced is the digital transformation of traditional enterprises. This is especially true for small and medium-sized enterprises (SMEs), which make up a large part of China's economy. This is because SMEs are the largest and most dynamic group of enterprises in China and are an important foundation of the real economy. SMEs are the main battlefield for the digital transformation of traditional enterprises and the main force for the development of the real economy. Therefore, this paper will analyse the current situation of digital transformation of SMEs and give SMEs some transformation suggestions based on the successful transformation experience of Siemens.

Keywords

Small and Medium-Sized Enterprises, Digital Transformation

Cite This Paper

Shuyue Zheng. Analysis of the Digital Transformation of SMEs. Academic Journal of Business & Management (2023) Vol. 5, Issue 16: 133-137. https://doi.org/10.25236/AJBM.2023.051618.

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