A systems dynamics approach to SME digitalization

被引:21
作者
Viswanathan, Radhakrishnan [1 ]
Telukdarie, Arnesh [1 ]
机构
[1] Univ Johannesburg, Johannesburg, South Africa
来源
PROCEEDINGS OF THE 2ND INTERNATIONAL CONFERENCE ON INDUSTRY 4.0 AND SMART MANUFACTURING (ISM 2020) | 2021年 / 180卷
关键词
SME (Small and Medium enterprise); stock and flow diagram; business solution; system dynamics (SD);
D O I
10.1016/j.procs.2021.01.331
中图分类号
TP18 [人工智能理论];
学科分类号
081104 ; 0812 ; 0835 ; 1405 ;
摘要
In the current global scenario Small and Medium Enterprises (SME's) contribute to the GDP of nations through employment opportunity, productivity and growth. The small and medium business space is a challenge to operate, more especially in these times of COVID-19. The world of digital delivers opportunities for optimization in order to survive these challenges. The South African situation runs parallel to these observations despite formidable support from stakeholders in creation of "Innovation hubs" and other mechanisms to ameliorate. This calls for a close investigation of smart business solution enabled digitally to address the needs of the enterprise and provide support. This article aims to explore System Dynamics (SD) modelling to provide strategic business support to small business. The research presents an approach to SME support comprising skills development and digitalization as applied through an innovation hub. The SD model is adopted to simulate the impact to an SME's development. (C) 2021 The Authors. Published by Elsevier B.V.
引用
收藏
页码:816 / 824
页数:9
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