'Transformation Triangle' for SME Productivity and Growth

Deniz E. Yoruk, M. Gilman

    Research output: Book/ReportCommissioned report


    In the aftermath of the Covid-19 pandemic and Brexit, there is an increased urgency to focus on how we can help SMEs to address the crucial issues of productivity and growth against a growing economic trajectory of soaring energy prices, supply chain problems, labour/skill shortages, and increasing inflation and interest rates. To date, most of the empirical research has focused on factors that enable or hinder SME growth. While there is a robust evidence base, studies do not particularly bridge the gap between this evidence base and its practical use through applied frameworks. This link is important not only to support managerial decision-making but more importantly for policymaking. Based on the findings from our research on SME growth processes, this report generates a framework that addresses possible interventions to overcome the SME drag effect. The framework focuses on the transformational effect of the identified three key areas, namely mindset transformation, strategy transformation and digital transformation. The interdependent but dynamic relationships between these three areas are framed through what we call a ?Transformation Triangle? to achieve and sustain SME productivity and growth.
    Original languageEnglish
    PublisherBirmingham City University
    Publication statusPublished (VoR) - 28 Feb 2023


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