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COVID-19 pandemic digitization lessons for sustainable development of micro-and small- enterprises

The coronavirus (COVID-19) pandemic has undeniably influenced the global economy and environment. Major victims of the COVID-19 outbreak are Micro and Small Enterprises (MSEs), especially in developing countries, mainly because of limited use of digital technologies. This paper employs a literature...

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Detalles Bibliográficos
Autores principales: Bai, Chunguang, Quayson, Matthew, Sarkis, Joseph
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Institution of Chemical Engineers. Published by Elsevier B.V. 2021
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8542351/
https://www.ncbi.nlm.nih.gov/pubmed/34722843
http://dx.doi.org/10.1016/j.spc.2021.04.035
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author Bai, Chunguang
Quayson, Matthew
Sarkis, Joseph
author_facet Bai, Chunguang
Quayson, Matthew
Sarkis, Joseph
author_sort Bai, Chunguang
collection PubMed
description The coronavirus (COVID-19) pandemic has undeniably influenced the global economy and environment. Major victims of the COVID-19 outbreak are Micro and Small Enterprises (MSEs), especially in developing countries, mainly because of limited use of digital technologies. This paper employs a literature review and personal insights to provide COVID-19 pandemic digitization lessons for sustainable development of MSEs from a technology for social good perspective. We develop a framework to support post COVID-19 digital transformation for sustainable development of MSEs. We find that digital payments, especially mobile money, should be a critical digital transformation priority for MSEs. Also, institutions must support MSE resources and capabilities to adopt digital transformation for business continuity, and sustainable production and consumption. Our study suggests that MSE managers and other stakeholders rethink their business strategies, incorporating crisis scenarios and business continuity plans to sustain customers virtually to enhance sustainable development. We also propose further research areas to improve the successful digital transformation of MSEs post COVID-19.
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spelling pubmed-85423512021-10-25 COVID-19 pandemic digitization lessons for sustainable development of micro-and small- enterprises Bai, Chunguang Quayson, Matthew Sarkis, Joseph Sustain Prod Consum Perspective Article The coronavirus (COVID-19) pandemic has undeniably influenced the global economy and environment. Major victims of the COVID-19 outbreak are Micro and Small Enterprises (MSEs), especially in developing countries, mainly because of limited use of digital technologies. This paper employs a literature review and personal insights to provide COVID-19 pandemic digitization lessons for sustainable development of MSEs from a technology for social good perspective. We develop a framework to support post COVID-19 digital transformation for sustainable development of MSEs. We find that digital payments, especially mobile money, should be a critical digital transformation priority for MSEs. Also, institutions must support MSE resources and capabilities to adopt digital transformation for business continuity, and sustainable production and consumption. Our study suggests that MSE managers and other stakeholders rethink their business strategies, incorporating crisis scenarios and business continuity plans to sustain customers virtually to enhance sustainable development. We also propose further research areas to improve the successful digital transformation of MSEs post COVID-19. Institution of Chemical Engineers. Published by Elsevier B.V. 2021-07 2021-05-08 /pmc/articles/PMC8542351/ /pubmed/34722843 http://dx.doi.org/10.1016/j.spc.2021.04.035 Text en © 2021 Institution of Chemical Engineers. Published by Elsevier B.V. All rights reserved. Since January 2020 Elsevier has created a COVID-19 resource centre with free information in English and Mandarin on the novel coronavirus COVID-19. The COVID-19 resource centre is hosted on Elsevier Connect, the company's public news and information website. Elsevier hereby grants permission to make all its COVID-19-related research that is available on the COVID-19 resource centre - including this research content - immediately available in PubMed Central and other publicly funded repositories, such as the WHO COVID database with rights for unrestricted research re-use and analyses in any form or by any means with acknowledgement of the original source. These permissions are granted for free by Elsevier for as long as the COVID-19 resource centre remains active.
spellingShingle Perspective Article
Bai, Chunguang
Quayson, Matthew
Sarkis, Joseph
COVID-19 pandemic digitization lessons for sustainable development of micro-and small- enterprises
title COVID-19 pandemic digitization lessons for sustainable development of micro-and small- enterprises
title_full COVID-19 pandemic digitization lessons for sustainable development of micro-and small- enterprises
title_fullStr COVID-19 pandemic digitization lessons for sustainable development of micro-and small- enterprises
title_full_unstemmed COVID-19 pandemic digitization lessons for sustainable development of micro-and small- enterprises
title_short COVID-19 pandemic digitization lessons for sustainable development of micro-and small- enterprises
title_sort covid-19 pandemic digitization lessons for sustainable development of micro-and small- enterprises
topic Perspective Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8542351/
https://www.ncbi.nlm.nih.gov/pubmed/34722843
http://dx.doi.org/10.1016/j.spc.2021.04.035
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