Skip to main content

Digital Transformation and the Performance of SMEs During Isolation by COVID-19

  • Chapter
  • First Online:
Advances in Tourism, Technology and Systems

Abstract

The limitations established under the COVID-19 have meant an acceleration in the level of digitalization of the various organizations. This research seeks to establish the level of digital transformation achieved by small and medium-sized enterprises (SMEs), and the level of prediction and association with business performance, so by determining the digital maturity index, measured in terms of business model, portfolio of products and services, access to market and customers, value chain and processes, information technology architecture, and organization and culture, the relationship it has with performance was determined. Through research applied to 87 representatives of small and medium-sized companies in Peru and Ecuador, it was found through Sommers’ test (d) that the business model or product portfolio (d = 0.606), market access, and customers (d = 0.672), as well as culture and organization (d = 0.762), have a strong relationship with the performance of SMEs.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 189.00
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Hardcover Book
USD 249.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

Similar content being viewed by others

References

  1. Ablyazov, T., Asaturova, J., Koscheyev, V.: Digital technologies: new forms and tools of business activity. SHS Web Conf. 44, 01–09 (2018). https://doi.org/10.1051/shsconf/20184400004

    Article  Google Scholar 

  2. Demirkan, H., Spohrer, J., Welser, J.: Digital innovation and strategic transformation. IT Prof. 18(6), 14–18 (2016). https://doi.org/10.1109/MITP.2016.115

    Article  Google Scholar 

  3. Wasono, M.: Digital transformation: a transformational performance-based conceptual model through co-creation strategy and business model innovation in the industry 4.0 in Indonesia Sasmoko Firdaus Alamsjah Elidjen. Econ. Bus. Res. 18(3), 369–386 (2019)

    Google Scholar 

  4. Henriette, E., Monder, F., Boughzala, I.: Digital transformation challenges. In: MCIS 2016 Proceedings 33 (2016)

    Google Scholar 

  5. Kiefer, D., Van Dinther, C., Spitzmüller, J.: Digital innovation culture: a systematic literature review. In: 16th International Conference on Wirtschaftsinformatik, pp. 01–17. ANIMATE, Germany (2021)

    Google Scholar 

  6. Katz, R., Koutroumpis, P.: Measuring digitization: a growth and welfare multiplier. Technovation 33(10–11), 314–319 (2013). https://doi.org/10.1016/j.technovation.2013.06.004

    Article  Google Scholar 

  7. Katz, R., Callorda, F.: Accelerating the development of Latin American digital ecosystem and implications for broadband policy. Telecommun. Policy 42(9), 661–681 (2018). https://doi.org/10.1016/j.telpol.2017.11.002

    Article  Google Scholar 

  8. Emara, N., Zhang, Y.: The non-linear impact of digitization on remittances inflow: evidence from the BRICS. Telecommun. Policy 45(4), 102–112 (2020). https://doi.org/10.1016/j.telpol.2021.102112

    Article  Google Scholar 

  9. Diller, M., Asen, M., Späth, T.: The effects of personality traits on digital transformation: evidence from German tax consulting. Int. J. Account. Inf. Syst. 37 (2020). https://doi.org/10.1016/j.accinf.2020.100455

  10. Llopis, C., Rubio, F., Valero, F.: Impact of digital transformation on the automotive industry. Technol. Forecast. Soc. Change 162, 120343 (2021). https://doi.org/10.1016/j.techfore.2020.120343

    Article  Google Scholar 

  11. Rangarajan, D., Sharma, A., Lyngdoh, T., Paesbrugghe, B.: Business-to-business selling in the post-COVID-19 era: developing an adaptive sales force. Bus. Horiz. 64(5), 647–658 (2021). https://doi.org/10.1016/j.bushor.2021.02.030

    Article  Google Scholar 

  12. Fernández, C., Álvarez, J., Molleví, G., Nicolas, R.: The digital transformation of business. Towards the datafication of the relationship with customers. Technol. Forecast. Soc. Change 162, 01–12 (2021). https://doi.org/10.1016/j.techfore.2020.120339

  13. Epper, K.: Transformation, accelerated—special report on digital transformation. ABA Bank. J. (2020)

    Google Scholar 

  14. Ratten, V.: COVID-19 and entrepreneurship: future research directions. Strateg. Change 30(2), 91–98 (2021). https://doi.org/10.1002/jsc.2392

    Article  Google Scholar 

  15. Demartini, C., Benussi, L., Gatteschi, V., Renga, F.: Education and digital transformation: the “riconnessioni” project. IEEE Access 8, 186233–186256 (2020). https://doi.org/10.1109/ACCESS.2020.3018189

    Article  Google Scholar 

  16. Abouhashem, A., Abdou, R., Bhadra, J., Siby, N., Ahmad, Z., Al-Thani, N.: COVID-19 inspired a stem-based virtual learning model for middle schools—a case study of Qatar. Sustainability 13(5), 1–24 (2021). https://doi.org/10.3390/su13052799

    Article  Google Scholar 

  17. Bogdandy, B., Tamas, J., Toth, Z.: Digital transformation in education during COVID-19: a case study. In: 11th IEEE International Conference on Cognitive Infocommunications, CogInfoCom 2020—Proceedings, pp. 173–178. IEEE, Finland (2020). https://doi.org/10.1109/CogInfoCom50765.2020.9237840

  18. Banerjee, D., Das, D., Pal, S., Paul, S., Debnath, A., Reza, M.: Effect of COVID-19 on digital transformations in teaching learning methodology and its consequences in society: a review. J. Phys. Conf. Ser. 1797(1) (2021). https://doi.org/10.1088/1742-6596/1797/1/012066

  19. Galvis, H.: Transformación educativa mediada con tecnología digital: oportunidad única de cara a la “nueva normalidad” [Educational transformation mediated with digital technology: a unique opportunity facing the “new normal”]. Rev. Innov. Educ. 22, 28–32 (2020)

    Google Scholar 

  20. García, F., Corell, A.: La COVID-19: ¿enzima de la transformación digital de la docencia o reflejo de una crisis metodológica y competencial en la educación superior? Campus Virtuales 9(2), 83–98 (2020)

    Google Scholar 

  21. Ratten, V., Jones, P.: Entrepreneurship and management education: exploring trends and gaps. Int. J. Manag. Educ. 19(1), 100431 (2021). https://doi.org/10.1016/j.ijme.2020.100431

    Article  Google Scholar 

  22. Fletcher, G., Griffiths, M.: Digital transformation during a lockdown. Int. J. Inf. Manage. 55, 10–12 (2020). https://doi.org/10.1016/j.ijinfomgt.2020.102185

    Article  Google Scholar 

  23. Kretschmer, T., Khashabi, P.: Digital transformation and organization design: an integrated approach. Calif. Manage. Rev. 62(4), 86–104 (2020). https://doi.org/10.1177/0008125620940296

    Article  Google Scholar 

  24. Tortora, A., Maria, A., Valentina, D., Iannone, R., Pianese, C.: A survey study on Industry 4.0 readiness level of Italian small and medium enterprises. Procedia Comput. Sci. 180, 744–753 (2021). https://doi.org/10.1016/j.procs.2021.01.321

  25. Saarikko, T., Westergren, U., Blomquist, T.: Digital transformation: five recommendations for the digitally conscious firm. Bus. Horiz. 63(6), 825–839 (2020). https://doi.org/10.1016/j.bushor.2020.07.005

    Article  Google Scholar 

  26. Hussain, Z.: Paradigm of technological convergence and digital transformation: the challenges of CH sectors in the global COVID-19 pandemic and commencing resilience-based structure for the post-COVID-19 era. In: Digital Applications in Archaeology and Cultural Heritage, pp. 01–20 (2021). https://doi.org/10.1016/j.daach.2021.e00182

  27. European Commission: https://ec.europa.eu/growth/smes/sme-definition_en. Accessed 23 Apr 2022

  28. Ley No. 30056/2012—Ley que modifica divesas leyes para facilitar la inversión, impulsar el desarrollo productivo y el crecimiento empresarial, 498461 (Peruvian State, Digital archive of Peruvian legislation, dated July 2, 2013)

    Google Scholar 

  29. Ley No. 463/2004—Ley Organica de Regimen Tributario Interno (Ecuadorian State, Registro Oficial Suplemento 463, dated November 17, 2004)

    Google Scholar 

  30. González, R., Becerra, L.: PYMES en América Latina: clasificación, productividad laboral, retos y perspectivas. CIID Rev. Int. Multidiscip. 3388, 570–608 (2021)

    Google Scholar 

  31. Matt, C.: Algunas observaciones sobre los desafíos de la investigación de la transformación digital en el sector empresarial. Trilogía Cienc. Tecnol. Soc. 12, 7–10 (2020)

    Google Scholar 

  32. ITU: Measuring the Information Society Report, vol. 1 (2018)

    Google Scholar 

  33. Kudyba, S.: COVID-19 and the acceleration of digital transformation and the future of work. Inf. Syst. Manag. 1–4 (2020). https://doi.org/10.1080/10580530.2020.1818903

  34. Yam, R., Guan, J., Pun, K., Tang, E.: An audit of technological innovation capabilities in Chinese firms: some empirical findings in Beijing, China. Res. Policy 33(8), 1123–1140 (2004). https://doi.org/10.1016/j.respol.2004.05.004

    Article  Google Scholar 

  35. Yam, R., Lo, W., Tang, E., Lau, A.: Technological innovation capabilities and firm performance. World Acad. Sci. Eng. Technol. 42, 1009–1017 (2010)

    Google Scholar 

  36. Yam, R., Lo, W., Tang, E., Lau, A.: Analysis of sources of innovation, technological innovation capabilities, and performance: an empirical study of Hong Kong manufacturing industries. Res. Policy 40(3), 391–402 (2011). https://doi.org/10.1016/j.respol.2010.10.013

    Article  Google Scholar 

  37. PwC: Industry 4.0: building the digital enterprise. In: PwC’s 2016 Global Industry 4.0 Survey (2016)

    Google Scholar 

Download references

Author information

Authors and Affiliations

Authors

Corresponding author

Correspondence to Luis Enrique Espinoza-Villalobos .

Editor information

Editors and Affiliations

Rights and permissions

Reprints and permissions

Copyright information

© 2023 The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd.

About this chapter

Check for updates. Verify currency and authenticity via CrossMark

Cite this chapter

Espinoza-Villalobos, L.E., Diaz Zelada, Y., Moscoso Zegarra, G.W., Delgado Rospigliosi, M.G. (2023). Digital Transformation and the Performance of SMEs During Isolation by COVID-19. In: Carvalho, J.V., Abreu, A., Liberato, P., Peña, A. (eds) Advances in Tourism, Technology and Systems. Smart Innovation, Systems and Technologies, vol 345. Springer, Singapore. https://doi.org/10.1007/978-981-99-0337-5_15

Download citation

Publish with us

Policies and ethics