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  • Article
  • Open Access
17 Citations
17,846 Views
25 Pages

Exploring the Effects of Financial Knowledge on Better Decision-Making in SMEs

  • Vicente González-Prida,
  • Diana Pariona-Amaya,
  • Juan Manuel Sánchez-Soto,
  • Sonia Luz Barzola-Inga and ,
  • Uldarico Aguado-Riveros,
  • Fabricio Miguel Moreno-Menéndez and
  • Mark David Villar-Aranda
  • + 2 authors+ 0 author

11 January 2025

The knowledge on financial management highly matters as it assists the micro-entrepreneurs in the making of right and sustainable business decisions. This research seeks to examine the effects of financial literacy on microenterprise decision-making...

(This article belongs to the Special Issue Effective Leadership and Management in the Sustainable Development of Small and Medium-Sized Enterprises)
  • Article
  • Open Access
4 Citations
3,990 Views
15 Pages

1 November 2022

In the construction industry, decision-making plays an important role in achieving sustainability. Decision-making processes have significantly expanded to consider detailed product information when selecting sustainable alternatives in order to make...

(This article belongs to the Special Issue Towards Sustainable Built Environment: Trending Methods and Practices)
  • Review
  • Open Access
18 Citations
7,392 Views
22 Pages

Small- and medium-sized enterprises (SMEs) face dynamic and competitive environments where resilience and data-driven decision-making are critical. Despite the potential benefits of artificial intelligence (AI), machine learning (ML), and optimizatio...

(This article belongs to the Section Computational Social Science)
  • Systematic Review
  • Open Access
627 Views
25 Pages

Data Analytics Capabilities and Decision-Making in Construction: Global Insights and Implications for New Zealand SMEs

  • James Olabode Bamidele Rotimi and
  • Upuli Rasanjani Kaluarachchi Kaluarachchillage

13 August 2026

Inefficiencies and low productivity persist in the construction industry due to limited digital integration and weak data use in decision-making. This study examines how internal data analytics, such as the systematic use of organisational data-like...

(This article belongs to the Collection Construction Management – Future Innovations, Methods, Techniques and Technologies)
  • Article
  • Open Access
27 Citations
11,326 Views
25 Pages

9 June 2023

Small and Medium-sized Enterprises (SMEs) are key contributors to Indonesia’s economy. E-commerce can assist SMEs in gaining a competitive edge and is expected to be the largest contributor to the country’s digital economy by 2030. Howeve...

(This article belongs to the Special Issue Application of Multiple Criteria Decision Making in Sustainable Engineering)
  • Article
  • Open Access
40 Citations
10,292 Views
16 Pages

23 December 2024

This study aims to examine the impact of marketing artificial intelligence (AI) and the specific channels it uses to influence the performance of Jordanian SMEs. In contrast to prior research that focused solely on the direct effects of marketing AI...

(This article belongs to the Special Issue Sustainable Entrepreneurship, Innovation, and Management)
  • Article
  • Open Access
5 Citations
6,382 Views
17 Pages

An Analysis of the Use of Accounting Information by Portuguese SMEs

  • Ana Catarina Santos,
  • Rui Pires and
  • Maria-Ceu Alves

Despite the significant economic contribution of small and medium-sized enterprises (SMEs), little is known about the extent to which they make use of accounting information (AI). Although AI is considered one of the main sources of information for S...

(This article belongs to the Special Issue Financial and Sustainability Reporting in a Digital Era)
  • Article
  • Open Access
1,332 Views
17 Pages

30 December 2025

This paper proposes a hybrid collaborative framework to optimize technology selection in Small and Medium-sized Enterprises (SMEs) by integrating machine learning (ML) predictions with Planning Poker, consensus-based estimation technique used in agil...

(This article belongs to the Section Artificial Intelligence and Digital Systems Engineering)
  • Article
  • Open Access
32 Citations
5,979 Views
23 Pages

29 July 2018

While the rapid development of Chinese manufacturing SMEs has contributed significantly to economic growth, it has also resulted in environmental pollution and resource abuse problems. To resolve these problems, Chinese manufacturing SMEs need to acc...

  • Article
  • Open Access
57 Citations
5,904 Views
21 Pages

20 February 2021

Evaluating Industry 4.0 technology application in small and medium-sized enterprises (SMEs) is an issue that requires a multi-criteria strategy comprising quantitative and qualitative elements. The purpose of this study is to integrate performance es...

(This article belongs to the Special Issue Multi-Criteria Decision Making and Data Mining)
  • Article
  • Open Access
6 Citations
3,207 Views
31 Pages

24 March 2026

Small- and medium-sized enterprises (SMEs) increasingly rely on digital technologies to sustain innovation, yet limited empirical evidence explains how business intelligence capabilities translate into superior innovation outcomes, particularly in em...

(This article belongs to the Special Issue Digital Innovation and Business Model Transformation in Small- and Medium-Sized Enterprises)
  • Article
  • Open Access
21 Citations
10,329 Views
27 Pages

12 July 2025

The integration of artificial intelligence (AI) within the decision-making processes of small- and medium-sized enterprises (SMEs) presents both significant opportunities and substantial ethical challenges. The aim of this paper is to provide a theor...

(This article belongs to the Special Issue Effective Leadership and Management in the Sustainable Development of Small and Medium-Sized Enterprises)
  • Article
  • Open Access
402 Views
35 Pages

7 September 2026

Lending to small and medium-sized enterprises (SMEs) on the basis of their environmental, social, and governance (ESG) performance is difficult for commercial banks. The data needed for a proper assessment are rarely at hand, and existing tools canno...

(This article belongs to the Section Economic and Business Aspects of Sustainability)
  • Article
  • Open Access
9 Citations
5,716 Views
21 Pages

Sustainability of Taiwanese SME Family Businesses in the Succession Decision-Making Agenda

  • Cheng-Wen Lee,
  • Hsiao Chuan Chen,
  • Choong Leng Peng and
  • Shu Hui Chen

9 January 2023

SME family businesses play a vital role in the world economy as a recognized sustainable contributor to economic growth. Aged owners of Taiwan’s family businesses have become the biggest problem; because of the dramatically changing technology...

(This article belongs to the Special Issue Sustainable Strategic Management and Corporate Social Responsibility)
  • Article
  • Open Access
25 Citations
12,157 Views
23 Pages

Cognitive Biases in Critical Decisions Facing SME Entrepreneurs: An External Accountants’ Perspective

  • Arno Nuijten,
  • Nick Benschop,
  • Antoinette Rijsenbilt and
  • Kristinka Wilmink

5 November 2020

Decisions by small and medium enterprise (SME) entrepreneurs are plagued by a variety of cognitive biases. Extant literature has mainly focused on a limited number of important biases (e.g., overconfidence) in a handful of important entrepreneurial d...

(This article belongs to the Special Issue Managerial and Entrepreneurial Decision Making: Emerging Issues)
  • Article
  • Open Access
3 Citations
2,995 Views
20 Pages

Entrepreneurs are the backbone of most small- and medium-sized enterprises (SMEs), yet they have received little attention regarding how they prepare for organisational change readiness (OCR), especially in the current uncertain business environment...

  • Article
  • Open Access
62 Citations
22,889 Views
25 Pages

Sustainable Digital Transformation for SMEs: A Comprehensive Framework for Informed Decision-Making

  • Rafael Martínez-Peláez,
  • Marco A. Escobar,
  • Vanessa G. Félix,
  • Rodolfo Ostos and ,
  • Jorge Parra-Michel,
  • Vicente García,
  • Alberto Ochoa-Brust,
  • Pablo Velarde-Alvarado,
  • Ramón A. Félix and
  • Luis J. Mena
  • + 7 authors+ 2 authors

24 May 2024

This study presents a sustainable digital transformation framework to integrate sustainable practices into digital transformation initiatives within Small and Medium Enterprises (SMEs). The methodology includes a literature review, a framework creati...

  • Article
  • Open Access
349 Views
39 Pages

A Cooperative Automated Decision-Making Strategy with Fuzzy Contextual Modulation for SME Insolvency Prediction

  • Angel Alberto Vazquez-Sánchez,
  • Dionisio Buendía-Carrillo and
  • Carlos Cruz Corona

28 September 2026

Early insolvency prediction in Small and Medium-sized Enterprises (SMEs) is a critical challenge for financial stability, credit risk management, and public policy-making. Traditional approaches often rely on isolated predictive models that, despite...

(This article belongs to the Special Issue Advanced Fuzzy Optimization and Decision Making)
  • Article
  • Open Access
17 Citations
4,107 Views
32 Pages

3 July 2023

In the digital era, companies have experienced a progressive change in their business models, which has led them to develop greater agility to adapt to changing environments, and the necessity to properly manage the group decision making in these com...

(This article belongs to the Section Complex Systems and Cybernetics)
  • Article
  • Open Access
41 Citations
6,818 Views
26 Pages

9 August 2017

Energy efficiency is one of the most practical ways for China to simultaneously tackle environmental issues and achieve sustainable development. However, the issue of inadequate capital inflows is a bottleneck in energy efficiency projects, especiall...

  • Case Report
  • Open Access
51 Citations
10,546 Views
20 Pages

29 March 2021

Small and medium-sized enterprises (SMEs) in Europe risk their competitiveness if they fail to embrace digitalization. Indeed, SMEs are aware of the need to digitalize—more than one in two SMEs are concerned that they may lose competitiveness if they...

  • Article
  • Open Access
53 Citations
18,613 Views
28 Pages

Organizations may examine both past and present data with the aid of information management, giving them access to all the knowledge they need to make sound strategic choices. For the majority of contemporary enterprises, using data to make relevant,...

  • Article
  • Open Access
46 Citations
17,818 Views
20 Pages

6 January 2024

Sustainable supply chain management (SSCM) integrates economic, social, and environmental goals within the supply chain to enhance long-term performance. It assists organizations in monitoring their performance concerning social, environmental, and e...

(This article belongs to the Special Issue Sustainability in Logistics and Supply Chain Management)
  • Article
  • Open Access
3 Citations
2,486 Views
16 Pages

14 October 2019

Small and medium-sized enterprises (SMEs) are accounted for as a major part of the economy of the EU in terms of part of the population employed, turnover, value-added, etc. Causes of insolvency of SMEs can be different; they are categorized in the p...

  • Article
  • Open Access
2,451 Views
31 Pages

30 April 2026

This study examines how manufacturing SMEs can structure digital transformation as a strategic, risk-managed process under demand uncertainty and resource constraints. Integrating digital maturity assessment with cost–benefit analysis (D3A&ndas...

(This article belongs to the Special Issue Business Strategy in the Digital Age: Empowering SMEs for Sustainable Growth)
  • Article
  • Open Access
1 Citations
1,771 Views
24 Pages

10 October 2025

Strategic mergers and acquisitions (M&A) can support sustainable business models by enabling firms to adapt their capabilities and competitive positions as conditions change. This study examines how target listing status (public vs. private) and...

(This article belongs to the Special Issue Decision-Making in Sustainable Business Models: Prediction and Modeling)
  • Article
  • Open Access
2,071 Views
15 Pages

Interpretable Multi-Model Framework for Early Warning of SME Loan Delinquency

  • Ardak Akhmetova,
  • Assem Shayakhmetova and
  • Nurken Abdurakhmanov

31 January 2026

The rapid expansion of small and medium enterprise (SME) lending has intensified the need for accurate and interpretable credit risk forecasting. Financial institutions must anticipate potential business loan delinquency to maintain portfolio stabili...

(This article belongs to the Special Issue AI for Financial Risk Perception)
  • Article
  • Open Access
20 Citations
7,751 Views
14 Pages

25 December 2019

To expand the field of governmental applications of Big Data analytics, this study presents a case of data-driven decision-making using information on research and development (R&D) projects in Korea. The Korean government has continuously expand...

(This article belongs to the Special Issue Big Data for Sustainable Anticipatory Computing)
  • Article
  • Open Access
5 Citations
5,827 Views
14 Pages

3 January 2023

Servitization is becoming an essential strategy for manufacturers to gain competitive advantage, and several successful cases have already been reported. However, these success stories are mainly studied for large enterprises such as GE, IBM, Xerox,...

(This article belongs to the Special Issue Performance Measurement and Optimization for Sustainable Production Process Improvement—Volume II)
  • Article
  • Open Access
2 Citations
2,444 Views
41 Pages

Drivers of Circular Economy Adoption in SMEs: Evidence from Developing Countries

  • Navid Mohammadi,
  • Amirhossein Omranpoor and
  • Mehrdad Maghsoudi

29 December 2025

The CE has attracted widespread interest due to the urgent issues of climate change and resource depletion. The implementation of the CE within small- and medium-sized enterprises (SMEs) is crucial, as they play a major economic role globally, includ...

(This article belongs to the Section Sustainable Management)
  • Article
  • Open Access
7 Citations
4,644 Views
19 Pages

A Fuzzy Inference System for Management Control Tools

  • Carolina Nicolas,
  • Javiera Müller and
  • Francisco-Javier Arroyo-Cañada

2 September 2021

Despite the importance of the role of small and medium enterprises (SMEs) in developing and growing economies, little is known regarding the use of management control tools in them. In management control in SMEs, a holistic system needs to be modeled...

(This article belongs to the Special Issue Fuzzy Logic and Soft Computing – Dedicated to the Centenary of the Birth of Lotfi A. Zadeh (1921-2017))
  • Article
  • Open Access
19 Citations
8,416 Views
18 Pages

12 October 2018

Small and medium-sized enterprises (SMEs) face challenges in implementing industrial robotics in their manufacturing due to limited resources and expertise. There is still good economic potential in using industrial robotics, however, due to manufact...

(This article belongs to the Special Issue Sustainable Intelligent Manufacturing Systems)
  • Article
  • Open Access
8 Citations
5,268 Views
30 Pages

Energy-Investment Decision-Making for Industry: Quantitative and Qualitative Risks Integrated Analysis

  • Eva M. Urbano,
  • Victor Martinez-Viol,
  • Konstantinos Kampouropoulos and
  • Luis Romeral

21 June 2021

Industrial SMEs may take the decision to invest in energy efficient equipment to reduce energy costs by replacing or upgrading their obsolete equipment or due to external socio-political and legislative pressures. When upgrading their energy equipmen...

(This article belongs to the Special Issue Risk-Informed Decision-Making in Sustainable Management of Industrial Assets)
  • Proceeding Paper
  • Open Access
469 Views
12 Pages

Integrating Trend Moment Forecasting Method into a Web-Based E-Commerce System for Skincare Business

  • Amar Ma’ruf,
  • Ika Safitri Windiarti,
  • Sutami and
  • Setio Ardy Nuswantoro

The skincare business in Southeast Asia is rapidly expanding, requiring SMEs to adopt digital tools that support more accurate and data-driven decision-making. This study presents the integration of the Trend Moment forecasting method into a web-base...

(This article belongs to the Proceedings of The 9th Mechanical Engineering, Science and Technology International Conference (MEST 2025))
  • Article
  • Open Access
7 Citations
4,394 Views
18 Pages

Simulation of Corruption Decisions—An Agent-Based Approach

  • Richard Kasa,
  • Gábor Réthi,
  • György Hauber and
  • Krisztina Szegedi

31 January 2023

Corruption is one of the biggest barriers to sustainable development. Several objectives of the Sustainable Development Goals (SDGs) are directly linked with the fight against corruption, as it has an influence on the achievement of every single deve...

(This article belongs to the Topic Decision Making Behaviors in Management and Marketing)
  • Article
  • Open Access
6 Citations
7,691 Views
18 Pages

This article examines the impact of overconfidence, optimism, risk aversion, mimicry and intuition biases on the investment decisions of Moroccan SMEs managers. The study was based on a sample of 133 SMEs managers, who were randomly selected to ensur...

  • Article
  • Open Access
1,053 Views
24 Pages

Green Energy Markets: Towards an Internal Rate of Return and ESG Factors

  • Zbysław Dobrowolski,
  • Paweł Dziekański,
  • Grzegorz Drozdowski,
  • Izabella Kęsy and ,
  • Oleksandr Novoseletskyy and
  • Arkadiusz Babczuk
  • + 1 author+ 0 author

13 April 2026

The contemporary green transformation of the economy is a strategic imperative for businesses, especially small and medium-sized enterprises (SMEs) operating in the energy market, forcing the integration of sustainable practices in decision-making pr...

(This article belongs to the Special Issue Green Energy Markets and Environmental Economics: Opportunities and Barriers)
  • Article
  • Open Access
5 Citations
4,042 Views
18 Pages

11 October 2019

Small and medium-sized enterprises (SMEs) and women are important agents for economic and social development. This study attempts to understand how the economic crisis has affected the behavior of SMEs with high female participation in the decision-m...

(This article belongs to the Section Economic and Business Aspects of Sustainability)
  • Article
  • Open Access
99 Citations
11,501 Views
30 Pages

Defining SMEs’ 4.0 Readiness Indicators

  • Nilubon Chonsawat and
  • Apichat Sopadang

16 December 2020

Industry 4.0 revolution offers smart manufacturing; it systematically incorporates production technology and advanced operation management. Adopting these high-state strategies can increase production efficiency, reduce energy consumption, and decrea...

(This article belongs to the Section Applied Industrial Technologies)
  • Article
  • Open Access
4 Citations
5,861 Views
23 Pages

This study assesses De Lone and McLean’s Information System (D&M IS) Success Model concerning DAS throughout small and medium enterprises (SMEs) in Saudi Arabia (SA). The present work mainly sought to evaluate the impact of information qual...

(This article belongs to the Section Business and Entrepreneurship)
  • Article
  • Open Access
7 Citations
2,410 Views
19 Pages

17 July 2025

Small and medium-sized enterprises (SMEs) in the manufacturing sector often struggle to make effective use of production data due to fragmented systems and limited digital infrastructure. This paper presents a case study of implementing an AI-enhance...

(This article belongs to the Special Issue Algorithms and Methods for Designing and Scheduling Smart Manufacturing Systems Volume II)
  • Article
  • Open Access
6 Citations
4,477 Views
20 Pages

14 September 2022

In the competitive manufacturing era, agile manufacturing has evolved as a revolutionary manufacturing strategy that manages quality, innovation, responsiveness, introduction time of product, and uncertainties to maximize profit and to satisfy fluctu...

(This article belongs to the Section Economic and Business Aspects of Sustainability)
  • Article
  • Open Access
12 Citations
4,537 Views
22 Pages

Researchers question the impact of governmental venture capitalists (GVC) compared to private venture capitalists (PVC), but we know little about why this difference occurs and if this criticism is justified. We observed a group of GVCs and developed...

(This article belongs to the Section Business and Entrepreneurship)
  • Systematic Review
  • Open Access
638 Views
19 Pages

29 September 2026

Small and medium enterprises (SMEs) are central to economic growth, yet their viability in Sub-Saharan Africa is undermined by persistent financial and operational management challenges. These weaknesses manifest in stunted growth, poor decision-maki...

(This article belongs to the Topic AI for Sustainable Development: Innovations, Challenges, and Real-World Applications)
  • Article
  • Open Access
13 Citations
3,544 Views
13 Pages

28 March 2019

This paper develops an efficiency-based approach for evaluating the performance of available electronic markets (e-markets) in the active pursuit of sustainable electronic business through the selection of specific e-markets for small and medium-size...

(This article belongs to the Section Economic and Business Aspects of Sustainability)
  • Systematic Review
  • Open Access
25 Citations
16,489 Views
49 Pages

Small and medium-sized enterprises (SMEs) face unique challenges that can be effectively addressed through the adoption of data mining and business intelligence (BI) tools. This systematic literature review scrutinizes the deployment and efficacy of...

(This article belongs to the Special Issue Pioneering Approaches and Global Challenges in Business, Management and Economic Engineering)
  • Article
  • Open Access
20 Citations
9,120 Views
26 Pages

The Power Paradox: Implicit and Explicit Power Motives, and the Importance Attached to Prosocial Organizational Goals in SMEs

  • Julie Hermans,
  • Hendrik Slabbinck,
  • Johanna Vanderstraeten,
  • Jacqueline Brassey and ,
  • Marcus Dejardin,
  • Dendi Ramdani and
  • Arjen Van Witteloostuijn
  • + 2 authors+ 0 author

1 November 2017

We examine the fundamental tension between explicit and implicit power motives; and their combined impact on the importance attached to prosocial organizational goals in small businesses (SMEs). We show that key decision-makers with a dominant implic...

(This article belongs to the Section Economic and Business Aspects of Sustainability)
  • Article
  • Open Access
43 Citations
9,423 Views
20 Pages

Implementation of Industry 4.0 Principles and Tools: Simulation and Case Study in a Manufacturing SME

  • Samir Abdulnour,
  • Chantal Baril,
  • Georges Abdulnour and
  • Sébastien Gamache

23 May 2022

Small and medium enterprises (SME) face various challenges in order to remain competitive in a global market. Industry 4.0 (I4.0) is increasingly presented as the new paradigm for improving productivity, ensuring economic growth, and guaranteeing the...

(This article belongs to the Special Issue Contemporary Advances in Industry 4.0 Technologies and Theories for Manufacturing Sustainability)
  • Article
  • Open Access
104 Citations
16,171 Views
16 Pages

Customer Knowledge Management in SMEs Facing Digital Transformation

  • Francesco Castagna,
  • Piera Centobelli,
  • Roberto Cerchione,
  • Emilio Esposito and ,
  • Eugenio Oropallo and
  • Renato Passaro
  • + 1 author+ 0 author

10 May 2020

This paper provided a novel definition of customer knowledge management (CKM) as the logical intersection of customer relationship management (CRM) and knowledge management (KM). The main aim was to investigate the digital technologies supporting sma...

(This article belongs to the Special Issue Knowledge Management for Sustainability-oriented Performance)
  • Article
  • Open Access
18 Citations
16,031 Views
21 Pages

Forecasting and Inventory Planning: An Empirical Investigation of Classical and Machine Learning Approaches for Svanehøj’s Future Software Consolidation

  • Hadid J. Wahedi,
  • Mads Heltoft,
  • Glenn J. Christophersen,
  • Thomas Severinsen and ,
  • Subrata Saha and
  • Izabela Ewa Nielsen
  • + 1 author+ 0 author

25 July 2023

Challenges related to effective supply and demand planning and inventory management impose critical planning issues for many small and medium-sized enterprises (SMEs). In recent years, data-driven methods in machine learning (ML) algorithms have prov...

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