112 research outputs found
Driving SME Competitiveness in a Dynamic Business Landscape – Leveraging an IT Capability Mindset
The
criticality of SMEs to the recovery and stability of world
economies is para
mount. Yet, growing and sustaining
competitiveness in a business landscape characterised by
dynamic market forces is undoubtedly challenging.
Nonetheless, the increasing pervasiveness of globali
z
ation
and ICT diffusion and innovation over the past decade,
and
the resulting changes in how companies now need to
operate, have paved the way for smaller, more agile
enterprises to compete with well established organi
z
ations.
A more level playing field has emerged, with some
individuals arguing that SMEs are now b
etter positioned to
gain maximum benefit from recent technological advances
due to their greater agility comparative to
that of
larger
organi
z
ations. However, technology in itself is not sufficient
to acquire a competitive edge in today’s dynamic markets.
Hence, how can SMEs turn the potential benefits of recent
technological advances into a sustainable competitive
advantage? Or, to put it another way, how can “the
business” derive continuous and sustainable value from ICT
in order to support and enhance it
s competitive position in
the marketplace? The answer lies in the SMEs’ adoption of a
capability mindset, which recognises that sustainable
competitive advantage is dependent not on technology
itself, but rather on the creation of distinct and inimitable I
T
capabilities that differentiate a company from its
competitors. This white paper explores the benefits of
adopting an IT capability mindset for SMEs as a key enabler
of business competitiveness and growth. The paper further
introduces the SME IT
-
Capabili
ty Maturity Framework (SME
IT
-
CMF) to support SMEs in embarking on a capability
improvement journe
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