Specific Characteristics Influencing Business Modelling in the Context of SMEs
Abstract
Small and Medium-sized Enterprises (SMEs) operate in a dynamic and resource-constrained environment that significantly impacts their business modelling strategies. This paper explores key characteristics of SMEs that shape their business models, including size, organizational structure, resource limitations, flexibility, and adaptability. By analysing how these factors influence business model design, execution, and evolution, the paper aims to provide a deeper understanding of how SMEs leverage their unique strengths to sustain growth and innovation. The study highlights the importance of iterative and adaptive business modelling approaches, which enable SMEs to refine their value propositions, revenue streams, and partnerships in response to real-time market feedback. Furthermore, the paper explores how SMEs navigate resource constraints through niche market strategies, external collaborations, and lean methodologies, while balancing flexibility with structured business model development. Ultimately, this study contributes to the growing body of knowledge on SME business modelling by offering actionable insights for entrepreneurs and managers seeking to enhance competitiveness and sustainability in an increasingly complex global economy.
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