Business Remodeling in Small Medium Enterprises in the Digital Era: Systematic Literature Review
DOI:
https://doi.org/10.53512/valid.v20i1.271Keywords:
business model, SMEs, digital, transformationAbstract
This study aims to examine changes in the business model of SMEs in Indonesia with digital transformation as a determinant variable. This research is expected to be able to answer research questions, namely what are the focus of research on business models that have been carried out, the relationship between research focuses and how the methodologies and approaches are carried out. The three research questions are expected to answer the fourth research question, namely how the business model changes in the SME sector. The research method uses a systematic literature review of journals published through Scopus and Google Scholar. The results show that the focus of research on business models is mostly related to digitalization, business model concepts, innovation and business processes. There was a tendency to use mixed methods and quantitative methods after 2000. Previously, research on business models was mostly done using literature reviews, comprehensive journal reviews and case studies. Changes in business models in SMEs cannot be known because of the lack of research related to changes in business models in SMEs.
References
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Zilber, S. N. (2012). Small companies innovations in emerging countries: E-business adoption and its business model. Journal of Technology Management and Innovation, 7(2), 102–116. https://doi.org/10.4067/s0718-27242012000200009
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Astuti, U. T., Baga, L. M., & Indrawan, D. (n.d.). Thinking of Blue Ocean-Strategy of Gondorukem Business Model Transformation in Perhutani Regional Division of Central Java. In academia.edu. https://www.academia.edu/download/64617856/IJRR0037.pdf
Baden-Fuller, C. (2010). Business models as models. Long Range Planning, 43(2), 156–171. https://doi.org/10.1016/j.lrp.2010.02.005
Bouwman, H., Nikou, S., Molina-Castillo, F. J., & de Reuver, M. (2018). The impact of digitalization on business models. Digital Policy, Regulation and Governance , 20(2), 105–124. https://doi.org/10.1108/DPRG-07-2017-0039
Easton, G. (2010). Critical realism in case study research. Industrial Marketing Management, 39(1), 118–128. https://doi.org/10.1016/j.indmarman.2008.06.004
Fitzgerald, M., Kruschwitz, N., Bonnet, D., & Welch, M. (2013). Embracing Digital Technology: A New Strategic Imperative | Capgemini Consulting Worldwide. MIT Sloan Management Review, 55(1), 1–13. https://www.capgemini-consulting.com/SMR
Foss, N. J. (2018). Business models and business model innovation: Between wicked and paradigmatic problems. Long Range Planning, 51(1), 9–21. https://doi.org/10.1016/j.lrp.2017.07.006
Frank, A. (2019). Servitization and Industry 4.0 convergence in the digital transformation of product firms: A business model innovation perspective. Technological Forecasting and Social Change, 141, 341–351. https://doi.org/10.1016/j.techfore.2019.01.014
Frankenberger, K. (2013). The 4I-framework of business model innovation: A structured view on process phases and challenges. International Journal of Product Development, 18(3), 249–273. https://doi.org/10.1504/IJPD.2013.055012
Gordijn, J. (2001). Designing and Evaluating E-Business Models. IEEE Intelligent Systems, 16(4), 11–17. https://doi.org/10.1109/5254.941353
Kagermann, H., Österle, H., & Jordan, J. M. (2010). Business model innovation and IT: global lessons in transformation. Wiley.
Kottler, P., & Armstrong, ,Gary. (2018). Principles of Marketing.
McDonald Mark, P., & Rowsell-Jones, A. (2012). The Digital Edge. Exploiting Information and Technology for Business Advantage
Müller-Stewens, G. (2017). Netflix: The master of business model transformation. alexandria.unisg.ch. https://www.alexandria.unisg.ch/publications/256863
Müller, J. (2018). Fortune favors the prepared: How SMEs approach business model innovations in Industry 4.0. Technological Forecasting and Social Change, 132, 2–17. https://doi.org/10.1016/j.techfore.2017.12.019
Müller, J. M., Buliga, O., & Voigt, K. I. (2021). The role of absorptive capacity and innovation strategy in the design of industry 4.0 business Models - A comparison between SMEs and large enterprises. European Management Journal, 39(3). https://doi.org/10.1016/j.emj.2020.01.002
Nadkarni, S., & Prügl, R. (2021). Digital transformation: a review, synthesis and opportunities for future research. Management Review Quarterly, 71(2). https://doi.org/10.1007/s11301-020-00185-7
Najmaei, A., & Sadeghinejad, Z. (2022). Green and sustainable business models: historical roots, growth trajectory, conceptual architecture and an agenda for future research—A bibliometric review of green and sustainable business models. In Scientometrics (Issue 0123456789). Springer International Publishing. https://doi.org/10.1007/s11192-022-04577-2
Oesterreich, T. D., & Teuteberg, F. (2016). Understanding the implications of digitisation and automation in the context of Industry 4.0: A triangulation approach and elements of a research agenda for the construction industry. Computers in Industry, 83(December), 121–139. https://doi.org/10.1016/j.compind.2016.09.006
Osterwalder, A., & Pigneur, Y. (2010). Business model generation: a handbook for visionaries, game changers, and challengers (Vol. 1). John Wiley & Sons
Roblek, V., Bach, M. P., Meško, M., & Bertoncelj, A. (2013). The impact of social media to value added in knowledge-based industries. Kybernetes, 42(4), 554–568. https://doi.org/10.1108/K-01-2013-0014
Rodrigues, A. M., Bowersox, D. J., & Calantone, R. J. (2005). Estimation of global and national logistics expenditures: 2002 data update. Journal of business logistics, 26(2), 1-16
Safar, L., Sopko, J., Bednar, S., & Poklemba, R. (2018). Concept of SME business model for industry 4.0 environment. TEM Journal, 7(3), 626–637. https://doi.org/10.18421/TEM73-20
Teece, D. (2010). Business models, business strategy and innovation. Long Range Planning, 43(2), 172–194. https://doi.org/10.1016/j.lrp.2009.07.003 This, R., Attribution-noncommercial, C. C., By-nc, C. C., If, T., & Rose, W. (2019). Fo re.
Wirtz, B. W. (2016). Business Models: Origin, Development and Future Research Perspectives. Long Range Planning, 49(1), 36–54. https://doi.org/10.1016/j.lrp.2015.04.001
Zilber, S. N. (2012). Small companies innovations in emerging countries: E-business adoption and its business model. Journal of Technology Management and Innovation, 7(2), 102–116. https://doi.org/10.4067/s0718-27242012000200009
Zott, C. (2013). The business model: A theoretically anchored robust construct for strategic analysis. Strategic Organization, 11(4), 403–411. https://doi.org/10.1177/1476127013510466
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Published
2022-12-30
How to Cite
Kusnindar, A. A. (2022). Business Remodeling in Small Medium Enterprises in the Digital Era: Systematic Literature Review. Valid: Jurnal Ilmiah, 20(1), 33–41. https://doi.org/10.53512/valid.v20i1.271
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