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What is Small and Medium Enterprises (SME)

Innovative and Agile Contracting for Digital Transformation and Industry 4.0
Are businesses whose personnel numbers fall below certain limits, or its revenues or turnover are below a defined threshold.
Published in Chapter:
Contract Guidelines and Scope Building for Digital Transformation and ERP Projects
Mohamed A. Raouf (Gulf Medical Company, Egypt)
DOI: 10.4018/978-1-7998-4501-0.ch013
Abstract
When an organization decides that it is time to invest in a digital transformation journey or even in an enterprise resource planning (ERP) software, it is going to make a big decision. This will significantly impact most elements that contribute to its success and growth. Organized and structured planning and preparation will be required from different aspects. This chapter describes the key success—or failure—factors in implementation focusing on small and medium enterprises (SMEs). SMEs usually have limited time, resources, skills, and budget compared to large firms. Throughout the journey of transformation, they need to focus on scoping and contracting phases distinguishing between digital transformation and regular information technology contracts. This chapter defines the building blocks to have a successful transformation. Contracting and scoping are considered at the heart of managing the complete digital transformation journey.
Full Text Chapter Download: US $37.50 Add to Cart
More Results
Corporate Social Responsibility (CSR) in Hotels in Austria, Pakistan, and Indonesia: Small and Medium Enterprise Spillover of COVID-19
It is distinguished by their features like flexibility, a propensity for entrepreneurial ventures, smaller production volumes, simple organizational structure, and informally internal communication.
Full Text Chapter Download: US $37.50 Add to Cart
International Effect on Family SME Financial Distress Prediction
Companies with less than 250 employees and which turnover is smaller than 50 million of euros or total assets is less than 43 million of euros.
Full Text Chapter Download: US $37.50 Add to Cart
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