4.5 Article

Social Media Engagement, Organizational Agility and Digitalization Strategic Plan to Improve SMEs' Performance

Journal

IEEE TRANSACTIONS ON ENGINEERING MANAGEMENT
Volume 70, Issue 11, Pages 3766-3775

Publisher

IEEE-INST ELECTRICAL ELECTRONICS ENGINEERS INC
DOI: 10.1109/TEM.2021.3085977

Keywords

Business; Social networking (online); Technological innovation; Companies; Sustainable development; Tools; Collaboration; Digital skill; ICT utilization; media engagement; organizational agility; small medium enterprises (SMEs) performance

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This article describes and analyzes models for improving the performance of SMEs through agility, social media, and digitalization-based strategic planning. The research findings indicate that digital skills can enhance the efficiency and agility of SMEs, while also providing practical insights for businesses.
Sustainability in the post pandemic era is very challenging. Every business entity including small medium enterprises (SMEs) needs a more valuable strategy to adapt to dramatic changes, such as strengthening digitization to improve SME performance. The industrial revolution 4.0 confirms digitalization as a strategic plan for SMEs in realizing a digital-based work culture. Digital skills are one of the skills to maximize the use of information and communication technology (ICT) in business. As an illustration, using social media to build brand reputation, promote and interact with customers. We also believe that digitalization can make SMEs more agile, as they are more adaptive to all changes and pressures from the external environment. This article aims to describe and analyze models for improving the performance of SMEs through agility, social media, and digitalization-based strategic planning. Data were collected from 239 SMEs in creative industry. The data were analyzed using SmartPLS analysis. The results showed that digital skills can increase the use of ICT, social media engagement, and organizational agility in SMEs. This article provides practical insights for SMEs to be more sustainable and competitive in the future.

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