THE EVOLUTION OF DIGITAL TRANSFORMATION IN SMES: EVIDENCE FROM AN ITALIAN CASE STUDY
PDF

Keywords

Digitalization
Digital Transformation
SMEs
Internationalization
Longitudinal Case Study
Content Analysis

How to Cite

Ciacci, A., Testa, G., & Penco, L. (2025). THE EVOLUTION OF DIGITAL TRANSFORMATION IN SMES: EVIDENCE FROM AN ITALIAN CASE STUDY. Piccola Impresa Small Business, (3). https://doi.org/10.14596/pisb.4532
Received 2024-04-03
Accepted 2024-10-28
Published 2025-04-08

Abstract

Purpose. This study aims to investigate the digital transformation (DT) of internationalizing SMEs from an evolutionary perspective, highlighting the factors that facilitate or impede this journey. 

Design/methodology/approach. This study adopts a longitudinal single-case study methodology. Primary data were collected through semi-structured interviews with top management of an Italian internationalizing SME. To ensure comprehensive analysis, primary data was augmented by secondary sources, employing triangulation techniques. Subsequently, content analysis was carried out using Nvivo 14 software.

Findings. The study identifies the enabling and hindering factors of DT. The findings highlight the enabling role of digital dynamic capabilities to succeed in different DT stages. Adopting data-driven decision-making models is crucial to reduce environmental complexity and derive actionable insights to support business strategy. In addition, the findings reveal the evolution from an efficiency-centered to a differentiation-centered approach to achieve a more structured international positioning. Organizational inertia and cybersecurity risks represent the main hindering factors an SME must cope with in the initial and mature stages of DT. Ensuring effective knowledge management mechanisms is a prominent challenge throughout the DT journey.

Practical and social implications. The study is rich in theoretical and managerial implications. Theoretically, the study contributes to the evolutionary theory of DT of SMEs. From the managerial standpoint, this research offers valuable recommendations for managers to take advantage of positive factors and limit the ongoing downsides of the DT process.

Originality of the study. This study’s originality lies in adopting an evolutionary perspective to observe the DT of SMEs. The relevance and significance of this case study are further enriched by the dense and SME-concentrated Italian landscape.

https://doi.org/10.14596/pisb.4532
PDF

References

Aida, (June, 2024). Analisi Informatizzata delle Aziende Italiane. Retrieved from: https://login.bvdinfo.com/R1/AidaNeo

Akter, S., Wamba, S. F., Gunasekaran, A., Dubey, R., & Childe, S. J. (2016). How to improve firm performance using big data analytics capability and business strategy alignment?. International Journal of Production Economics, 182, 113-131. https://doi.org/10.1016/j.ijpe.2016.08.018

Anwar M. (2018). Business Model Innovation and SMEs Performance – Does Competitive Advatage Mediate?. International Journal of Innovation Management, 22(07), 1850057. https://doi.org/10.1142/s1363919618500573

Asadullah, A., Faik, I., & Lim, S. Y. (2023). The Dark Side of Digital Platforms: Understanding Small and Medium Enterprises' Dependence on Third-party Platforms. Loughborough University. https://hdl.handle.net/2134/22932254.v1.

Aversa, P., Haefliger, S., Hueller, F., & Reza, D. G. (2021). Customer complementarity in the digital space: Exploring Amazon’s business model diversification. Long Range Planning, 54(5), 101985. https://doi.org/10.1016/j.lrp.2020.101985

Barbieri, P., Dosi, C., & Vignoli, M. (2023). Implementing reshoring: insights and principles from a longitudinal case study in the e-bike industry. Operations Management Research, 16(2), 555-573. https://doi.org/10.1007/s12063-022-00334-z

Bargoni, A., Jabeen, F., Santoro, G., & Ferraris, A. (2024). Growth hacking and international dynamic marketing capabilities: a conceptual framework and research propositions. International Marketing Review, 41(1), 74-106. https://doi.org/10.1108/imr-07-2022-0156

Baxter, P., & Jack, S. (2015). Qualitative Case Study Methodology: Study Design and Implementation for Novice Researchers. The Qualitative Report. https://doi.org/10.46743/2160-3715/2008.1573

Beattie, V., McInnes, B., & Fearnley, S. (2004). A methodology for analysing and evaluating narratives in annual reports: a comprehensive descriptive profile and metrics for disclosure quality attributes. Accounting Forum, 28(3), 205–236. https://doi.org/10.1016/j.accfor.2004.07.001

Buer, S.-V., Strandhagen, J. W., Semini, M., & Strandhagen, J. O. (2020). The digitalization of manufacturing: investigating the impact of production environment and company size. Journal of Manufacturing Technology Management, 32(3), 621–645. https://doi.org/10.1108/jmtm-05-2019-0174

Cenamor, J., Parida, V., & Wincent, J. (2019). How entrepreneurial SMEs compete through digital platforms: The roles of digital platform capability, network capability and ambidexterity. Journal of Business Research, 100, 196–206. https://doi.org/10.1016/j.jbusres.2019.03.035

Chan, C. M. L., Teoh, S. Y., Yeow, A., & Pan, G. (2019). Agility in responding to disruptive digital innovation: Case study of an SME. Information Systems Journal, 29(2), 436–455. https://doi.org/10.1111/isj.12215

Ciacci, A., Balzano, M., & Marzi, G. (2024). Optimising business models through digital alignment and strategic flexibility: Evidence from the manufacturing industry. Journal of Management & Organization, 1-21. https://doi.org/10.1017/jmo.2024.1

Ciacci, A., & Penco, L. (2023). Business model innovation: harnessing big data analytics and digital transformation in hostile environments. Journal of Small Business and Enterprise Development, 31(8), 22-46. https://doi.org/10.1108/jsbed-10-2022-0424

Coco, N., Colapinto, C., & Finotto, V. (2024). Fostering digital literacy among small and micro‐enterprises: digital transformation as an open and guided innovation process. R&D Management, 54(1), 118–136. https://doi.org/10.1111/radm.12645

Coleman, S., Göb, R., Manco, G., Pievatolo, A., Tort‐Martorell, X., & Reis, M. S. (2016). How Can SMEs Benefit from Big Data? Challenges and a Path Forward. Quality and Reliability Engineering International, 32(6), 2151–2164. https://doi.org/10.1002/qre.2008

Correani, A., De Massis, A., Frattini, F., Petruzzelli, A. M., & Natalicchio, A. (2020). Implementing a Digital Strategy: Learning from the Experience of Three Digital Transformation Projects. California Management Review, 62(4), 37–56. https://doi.org/10.1177/0008125620934864

Cunningham, J. B. (1997). Case study principles for different types of cases. Quality and Quantity, 31(4), 401-423. https://doi.org/10.1023/a:1004254420302

Demeter, K., Losonci, D., & Nagy, J. (2020). Road to digital manufacturing – a longitudinal case-based analysis. Journal of Manufacturing Technology Management, 32(3), 820–839. https://doi.org/10.1108/jmtm-06-2019-0226

Easterby-Smith, M., Thorpe, R. and Lowe, A. (2002). “Management Research, an Introduction”, London, Sage.

Eisenhardt, K. M., & Graebner, M. E. (2007). Theory Building From Cases: Opportunities And Challenges. Academy of Management Journal, 50(1), 25–32. https://doi.org/10.5465/amj.2007.24160888

Eisenhardt, K. M. (1989). Building Theories from Case Study Research. Academy of Management Review, 14(4), 532–550. https://doi.org/10.5465/amr.1989.4308385

Erevelles, S., Fukawa, N., & Swayne, L. (2016). Big Data consumer analytics and the transformation of marketing. Journal of Business Research, 69(2), 897–904. https://doi.org/10.1016/j.jbusres.2015.07.001

European Commission. (2022). Annual report on European SMEs 2022/2023. Access: 10th January 2024, Available at: https://op.europa.eu/en/publication-detail/-/publication/12f499c0-461d-11ee-92e3- 01aa75ed71a1/language-en/format-PDF/source-301048431

Fachrunnisa, O., Adhiatma, A., Lukman, N., & Ab Majid, M. N. (2020). Towards SMEs’ digital transformation: The role of agile leadership and strategic flexibility. Journal of Small Business Strategy, 30(3), 65-85.

Feliciano-Cestero, M. M., Ameen, N., Kotabe, M., Paul, J., & Signoret, M. (2023). Is digital transformation threatened? A systematic literature review of the factors influencing firms’ digital transformation and internationalization. Journal of Business Research, 157, 113546. https://doi.org/10.1016/j.jbusres.2022.113546

Ferraris, A., Mazzoleni, A., Devalle, A., & Couturier, J. (2019). Big data analytics capabilities and knowledge management: impact on firm performance. Management Decision, 57(8), 1923–1936. https://doi.org/10.1108/md-07-2018-0825

Fletcher, G., & Griffiths, M. (2020). Digital transformation during a lockdown. International Journal of Information Management, 55, 102185. https://doi.org/10.1016/j.ijinfomgt.2020.102185

Flick, U. (2022). The SAGE Handbook of Qualitative Research Design. SAGE Publications Ltd. https://doi.org/10.4135/9781529770278

Franco, M., de Fátima Santos, M., Ramalho, I., & Nunes, C. (2014). An exploratory study of entrepreneurial marketing in SMEs. Journal of Small Business and Enterprise Development, 21(2), 265–283. https://doi.org/10.1108/jsbed-10-2012-0112

Freddy. (2019). Fall-Winter 2019. Access: 10th January 2024, Available at: https://www.freddy.com/media/thom_images/footer/Company_profile_feb2019.pdf

Freddy. (2023). Company Profile. Access: 10th January 2024, Available at: https://www.freddy.com/media/thom_images/footer/Company_profile_feb2023.pdf

Freddy (2024). WR.UP CORE Technology. Access: 29th May 2024, Available at: https://www.freddy.com/ita_it/wrup-core/

Garbellano, S., & Da Veiga, M. do R. (2019). Dynamic capabilities in Italian leading SMEs adopting industry 4.0. Measuring Business Excellence, 23(4), 472–483. https://doi.org/10.1108/mbe-06-2019-0058

Garzella, S., Fiorentino, R., Caputo, A., & Lardo, A. (2020). Business model innovation in SMEs: the role of boundaries in the digital era. Technology Analysis & Strategic Management, 33(1), 31–43. https://doi.org/10.1080/09537325.2020.1787374

Garzoni, A., De Turi, I., Secundo, G., & Del Vecchio, P. (2020). Fostering digital transformation of SMEs: a four levels approach. Management Decision, 58(8), 1543–1562. https://doi.org/10.1108/md-07-2019-0939

Gerring, J. (2004). What Is a Case Study and What Is It Good for? American Political Science Review, 98(2), 341–354. https://doi.org/10.1017/s0003055404001182

Ghosh, S., Hughes, M., Hodgkinson, I., & Hughes, P. (2022). Digital transformation of industrial businesses: A dynamic capability approach. Technovation, 113, 102414. https://doi.org/10.1016/j.technovation.2021.102414

Gibbert, M., Ruigrok, W., Wicki, B., Gibbert, M., Ruigrok, W., & Wicki, B. (2008). What Passes as a Rigorous Case Study? Strategic Management Journal, 29(13), 1465-1474. https://doi.org/10.4135/9781473915480.n46

Gioia, D. A., Corley, K. G., & Hamilton, A. L. (2013). Seeking qualitative rigor in inductive research: Notes on the Gioia methodology. Organizational Research Methods, 16(1), 15-31. https://doi.org/10.1177/1094428112452151

Giotopoulos, I., Kontolaimou, A., Korra, E., & Tsakanikas, A. (2017). What drives ICT adoption by SMEs? Evidence from a large-scale survey in Greece. Journal of Business Research, 81, 60–69. https://doi.org/10.1016/j.jbusres.2017.08.007

Grbich, C. (2013). Qualitative Data Analysis: An Introduction. https://doi.org/10.4135/9781529799606

Grover, V., Chiang, R. H. L., Liang, T.-P., & Zhang, D. (2018). Creating Strategic Business Value from Big Data Analytics: A Research Framework. Journal of Management Information Systems, 35(2), 388–423. https://doi.org/10.1080/07421222.2018.1451951

Hånell, S. M., Rovira Nordman, E., Tolstoy, D., & Özbek, N. (2019). “It’s a new game out there”: e-commerce in internationalising retail SMEs. International Marketing Review, 37(3), 515–531. https://doi.org/10.1108/imr-03-2018-0107

He, Z.-L., & Wong, P.-K. (2004). Exploration vs. Exploitation: An Empirical Test of the Ambidexterity Hypothesis. Organization Science, 15(4), 481–494. https://doi.org/10.1287/orsc.1040.0078

Helfat, C. E., & Martin, J. A. (2015). Dynamic managerial capabilities: Review and assessment of managerial impact on strategic change. Journal of Management, 41(5), 1281-1312. https://doi.org/10.1177/0149206314561301

Hutzschenreuter, T., & Kleindienst, I. (2006). Strategy-Process Research: What Have We Learned and What Is Still to Be Explored. Journal of Management, 32(5), 673–720. https://doi.org/10.1177/0149206306291485

Isensee, C., Teuteberg, F., & Griese, K. M. (2023). How can corporate culture contribute to emission reduction in the construction sector? An SME case study on beliefs, actions, and outcomes. Corporate Social Responsibility and Environmental Management, 30(2), 1005-1022. https://doi.org/10.1002/csr.2368

Janssen, M., van der Voort, H., & Wahyudi, A. (2017). Factors influencing big data decision-making quality. Journal of Business Research, 70, 338–345. https://doi.org/10.1016/j.jbusres.2016.08.007

Jones, M. D., Hutcheson, S., & Camba, J. D. (2021). Past, present, and future barriers to digital transformation in manufacturing: A review. Journal of Manufacturing Systems, 60, 936–948. https://doi.org/10.1016/j.jmsy.2021.03.006

Kane, G. (2019). The Technology Fallacy. Research-Technology Management, 62(6), 44–49. https://doi.org/10.1080/08956308.2019.1661079

Ketokivi, M., & Choi, T. (2014). Renaissance of case research as a scientific method. Journal of Operations Management, 32(5), 232–240. https://doi.org/10.1016/j.jom.2014.03.004

Khanagha, S., Volberda, H., & Oshri, I. (2014). Business model renewal and ambidexterity: structural alteration and strategy formation process during transition to a C loud business model. R&D Management, 44(3), 322-340. https://doi.org/10.1111/radm.12070

Kitchens, B., Dobolyi, D., Li, J., & Abbasi, A. (2018). Advanced Customer Analytics: Strategic Value Through Integration of Relationship-Oriented Big Data. Journal of Management Information Systems, 35(2), 540–574. https://doi.org/10.1080/07421222.2018.1451957

Kraus, S., Roig-Tierno, N., & Bouncken, R. B. (2019). Digital innovation and venturing: an introduction into the digitalization of entrepreneurship. Review of Managerial Science, 13(3), 519–528. https://doi.org/10.1007/s11846-019-00333-8

Krippendorff, K. (2018). Content analysis: An introduction to its methodology. Sage. https://doi.org/10.4135/9781071878781

Langley, A. (1999). Strategies for theorizing from process data. Academy of Management Review, 24(4), 691-710. https://doi.org/10.5465/amr.1999.2553248

Levy, M., Powell, P., & Yetton, P. (2001). SMEs: Aligning is and the Strategic Context. Journal of Information Technology, 16(3), 133–144. https://doi.org/10.1080/02683960110063672

Li, L., Lin, J., Ouyang, Y., & Luo, X. (Robert). (2022). Evaluating the impact of big data analytics usage on the decision-making quality of organizations. Technological Forecasting and Social Change, 175, 121355. https://doi.org/10.1016/j.techfore.2021.121355

Li, L., Su, F., Zhang, W., & Mao, J. (2018). Digital transformation by SMEs entrepreneurs: A capability perspective. Information Systems Journal, 28(6), 1129–1157. https://doi.org/10.1111/isj.12153

Lin, C., & Kunnathur, A. (2019). Strategic orientations, developmental culture, and big data capability. Journal of Business Research, 105, 49–60. https://doi.org/10.1016/j.jbusres.2019.07.016

Lobo, S., & Whyte, J. (2017). Aligning and Reconciling: Building project capabilities for digital delivery. Research Policy, 46(1), 93–107. https://doi.org/10.1016/j.respol.2016.10.005

Lubatkin, M. H., Simsek, Z., Ling, Y., & Veiga, J. F. (2006). Ambidexterity and Performance in Small-to Medium-Sized Firms: The Pivotal Role of Top Management Team Behavioral Integration. Journal of Management, 32(5), 646–672. https://doi.org/10.1177/0149206306290712

Manika, D., Papagiannidis, S., & Bourlakis, M. (2017). Understanding the effects of a social media service failure apology: A comparative study of customers vs. potential customers. International Journal of Information Management, 37(3), 214–228. https://doi.org/10.1016/j.ijinfomgt.2016.01.004

Marino-Romero, J. A., Palos-Sánchez, P. R., & Velicia-Martín, F. (2024). Evolution of digital transformation in SMEs management through a bibliometric analysis. Technological Forecasting and Social Change, 199, 123014. https://doi.org/10.1016/j.techfore.2023.123014

Matarazzo, M., Penco, L., Profumo, G., & Quaglia, R. (2021). Digital transformation and customer value creation in Made in Italy SMEs: A dynamic capabilities perspective. Journal of Business Research, 123, 642–656. https://doi.org/10.1016/j.jbusres.2020.10.033

McAfee, A., Brynjolfsson, E., Davenport, T. H., Patil, D. J., & Barton, D. (2012). Big data: the management revolution. Harvard Business Review, 90(10), 60-68.

Miles, M. B., & Huberman, A. M. (1994). Qualitative data analysis: An expanded sourcebook. Sage.

Mintzberg, H., & Waters, J. A. (1985). Of strategies, deliberate and emergent. Strategic Management Journal, 6(3), 257–272. https://doi.org/10.1002/smj.4250060306

Mitrovic, Z., Thakur, C., & Palhad, S. (2023). Cybersecurity Culture as a Critical Component of Digital Transformation and Business Model Innovation in SMEs. Business Models and Innovative Technologies for SMEs, 24–44. https://doi.org/10.2174/9789815196719123010004

Müller, J. M., Buliga, O., & Voigt, K.-I. (2021). The role of absorptive capacity and innovation strategy in the design of industry 4.0 business Models - A comparison between SMEs and large enterprises. European Management Journal, 39(3), 333–343. https://doi.org/10.1016/j.emj.2020.01.002

Neirotti, P., Raguseo, E., & Paolucci, E. (2017). Flexible work practices and the firm’s need for external orientation. Journal of Enterprise Information Management, 30(6), 922–943. https://doi.org/10.1108/jeim-04-2016-0090

Nguyen, T. H. (2009). Information technology adoption in SMEs: an integrated framework. International Journal of Entrepreneurial Behavior & Research, 15(2), 162–186. https://doi.org/10.1108/13552550910944566

Nguyen, T. H., Newby, M., & Macaulay, M. J. (2015). Information Technology Adoption in Small Business: Confirmation of a Proposed Framework. Journal of Small Business Management, 53(1), 207–227. https://doi.org/10.1111/jsbm.12058

OECD (2017), Enhancing the contributions of SMEs in a global and digitalised economy. Access: 10th January 2024, Available at: www.oecd.org/mcm/documents/C-MIN-2017-8-EN.pdf (accessed 7 June 2019).

Park, Y., & Mithas, S. (2020). Organized Complexity of Digital Business Strategy: A Configurational Perspective. MIS Quarterly, 44(1), 85–127. https://doi.org/10.25300/misq/2020/14477

Pedota, M. (2023). Big data and dynamic capabilities in the digital revolution: The hidden role of source variety. Research Policy, 52(7), 104812. https://doi.org/10.1016/j.respol.2023.104812

Pencarelli, T. (2022). Digital Transition: what are the challeges facing Small and Medium-sized Enterprises?. Piccola Impresa/Small Business, (3), 9-20. https://doi.org/10.14596/pisb.3640

Penco, L., Profumo, G., Serravalle, F., & Viassone, M. (2023). Has COVID-19 pushed digitalisation in SMEs? The role of entrepreneurial orientation. Journal of Small Business and Enterprise Development, 30(2), 311-341. https://doi.org/10.1108/jsbed-10-2021-0423

Perren, R., & Kozinets, R. V. (2018). Lateral Exchange Markets: How Social Platforms Operate in a Networked Economy. Journal of Marketing, 82(1), 20–36. https://doi.org/10.1509/jm.14.0250

Persaud, A., & Zare, J. (2023). Beyond technological capabilities: the mediating effects of analytics culture and absorptive capacity on big data analytics value creation in small-and medium-sized enterprises. IEEE Transactions on Engineering Management. https://doi.org/10.1109/tem.2023.3249415

Plotnikova, A., Pandza, K., & Sales-Cavalcante, H. (2021). How strategy professionals develop and sustain an online strategy community – The lessons from Ericsson. Long Range Planning, 54(5), 102015. https://doi.org/10.1016/j.lrp.2020.102015

Ramaswamy, V., & Ozcan, K. (2018). Offerings as Digitalized Interactive Platforms: A Conceptual Framework and Implications. Journal of Marketing, 82(4), 19–31. https://doi.org/10.1509/jm.15.0365

Ramdani, B., Kawalek, P., & Lorenzo, O. (2022). Predicting SMEs’ adoption of enterprise systems. Journal of Enterprise Information Management, 22(1/2), 10–24. https://doi.org/10.1108/17410390910922796

Rialti, R., Marzi, G., Ciappei, C., & Busso, D. (2019). Big data and dynamic capabilities: a bibliometric analysis and systematic literature review. Management Decision, 57(8), 2052–2068. https://doi.org/10.1108/md-07-2018-0821

Ross, J., Beath, C., & Sebastian, I. M. (2017). How to develop a great digital strategy. MIT Sloan Management Review, 58(2), 6-10. https://doi.org/10.7551/mitpress/11633.003.0004

Rothberg, H. N., & Erickson, G. S. (2017). Big data systems: knowledge transfer or intelligence insights? Journal of Knowledge Management, 21(1), 92–112. https://doi.org/10.1108/jkm-07-2015-0300

Sanguineti, F., & Zucchella, A. (2022). Digital transformation and the internationalization of small and medium-sized firms. Piccola Impresa/Small Business, (2), 160-186. https://doi.org/10.14596/pisb.3511

Saratchandra, M., Shrestha, A., & Murray, P. A. (2022). Building knowledge ambidexterity using cloud computing: Longitudinal case studies of SMEs experiences. International Journal of Information Management, 67, 102551.

https://doi.org/10.1016/j.ijinfomgt.2022.102551

Schilke, O., Hu, S., & Helfat, C. E. (2018). Quo vadis, dynamic capabilities? A content-analytic review of the current state of knowledge and recommendations for future research. Academy of Management Annals, 12(1), 390-439. https://doi.org/10.5465/annals.2016.0014

Schmitt, A., Raisch, S., & Volberda, H. W. (2018). Strategic renewal: Past research, theoretical tensions and future challenges. International Journal of Management Reviews, 20(1), 81-98. https://doi.org/10.1111/ijmr.12117

Sivarajah, U., Kamal, M. M., Irani, Z., & Weerakkody, V. (2017). Critical analysis of Big Data challenges and analytical methods. Journal of Business Research, 70, 263–286. https://doi.org/10.1016/j.jbusres.2016.08.001

Škare, M., & Soriano, D. R. (2021). A dynamic panel study on digitalization and firm's agility: What drives agility in advanced economies 2009–2018. Technological Forecasting and Social Change, 163, 120418. https://doi.org/10.1016/j.techfore.2020.120418

Soluk, J., & Kammerlander, N. (2021). Digital transformation in family-owned Mittelstand firms: A dynamic capabilities perspective. European Journal of Information Systems, 30(6), 676–711. https://doi.org/10.1080/0960085x.2020.1857666

Spithoven, A., Vanhaverbeke, W., & Roijakkers, N. (2013). Open innovation practices in SMEs and large enterprises. Small Business Economics, 41(3), 537–562. https://doi.org/10.1007/s11187-012-9453-9

Stake, R.E. (1995). “The art of case study research”. London, Sage.

Stonig, J., Schmid, T., & Müller‐Stewens, G. (2022). From product system to ecosystem: How firms adapt to provide an integrated value proposition. Strategic Management Journal, 43(9), 1927-1957. https://doi.org/10.1002/smj.3390

Straková, J., Talíř, M., & Váchal, J. (2022). Opportunities and threats of digital transformation of business models in SMEs. Economics & Sociology, 15(3), 159–171. Internet Archive. https://doi.org/10.14254/2071-789x.2022/15-3/9

Sunday, C. E., & Vera, C. C.-E. (2018). Examining information and communication technology (ICT) adoption in SMEs. Journal of Enterprise Information Management, 31(2), 338–356. https://doi.org/10.1108/jeim-12-2014-0125

Taiminen, H. M., & Karjaluoto, H. (2015). The usage of digital marketing channels in SMEs. Journal of Small Business and Enterprise Development, 22(4), 633-651. https://doi.org/10.1108/JSBED-05-2013-0073

Tan, B., Pan, S., Lu, X., & Huang, L. (2015). The Role of IS Capabilities in the Development of Multi-Sided Platforms: The Digital Ecosystem Strategy of Alibaba.com. Journal of the Association for Information Systems, 16(4), 248–280. https://doi.org/10.17705/1jais.00393

Teece, D. J. (2007). Explicating dynamic capabilities: the nature and microfoundations of (sustainable) enterprise performance. Strategic Management Journal, 28(13), 1319–1350. https://doi.org/10.1002/smj.640

Teece, D., Peteraf, M., & Leih, S. (2016). Dynamic capabilities and organizational agility: Risk, uncertainty, and strategy in the innovation economy. California Management Review, 58(4), 13-35. https://doi.org/10.1525/cmr.2016.58.4.13

Troise, C., Corvello, V., Ghobadian, A., & O'Regan, N. (2022). How can SMEs successfully navigate VUCA environment: The role of agility in the digital transformation era. Technological Forecasting and Social Change, 174, 121227.

https://doi.org/10.1016/j.techfore.2021.121227

Urbinati, A., Chiaroni, D., Chiesa, V., & Frattini, F. (2020). The role of digital technologies in open innovation processes: an exploratory multiple case study analysis. R&D Management, 50(1), 136–160. https://doi.org/10.1111/radm.12313

van Laar, E., van Deursen, A. J. A. M., van Dijk, J. A. G. M., & de Haan, J. (2017). The relation between 21st-century skills and digital skills: A systematic literature review. Computers in Human Behavior, 72, 577–588. https://doi.org/10.1016/j.chb.2017.03.010

van Rijmenam, M., Erekhinskaya, T., Schweitzer, J., & Williams, M.-A. (2019). Avoid being the Turkey: How big data analytics changes the game of strategy in times of ambiguity and uncertainty. Long Range Planning, 52 (5), 101841. https://doi.org/10.1016/j.lrp.2018.05.007

Vanhaverbeke, W. (2017). Managing open innovation in SMEs. Cambridge University Press. https://doi.org/10.1017/9781139680981

Veglio, V., Nippa, M., & Gunkel, M. (2020). Digital transformation and internationalization of SMEs: emerging challenges, opportunities and threats. Piccola Impresa/Small Business, (2), 10-20. https://doi.org/10.14596/pisb.386

Verhoef, P. C., Broekhuizen, T., Bart, Y., Bhattacharya, A., Qi Dong, J., Fabian, N., & Haenlein, M. (2021). Digital transformation: A multidisciplinary reflection and research agenda. Journal of Business Research, 122, 889–901. https://doi.org/10.1016/j.jbusres.2019.09.022

Vial, G. (2019). Understanding digital transformation: A review and a research agenda. The Journal of Strategic Information Systems, 28(2), 118–144. https://doi.org/10.1016/j.jsis.2019.01.003

Volberda, H. W., Khanagha, S., Baden-Fuller, C., Mihalache, O. R., & Birkinshaw, J. (2021). Strategizing in a digital world: Overcoming cognitive barriers, reconfiguring routines and introducing new organizational forms. Long Range Planning, 54(5), 102110. https://doi.org/10.1016/j.lrp.2021.102110

Volberda, H., van den Bosch, F., & Heij, K. (2017). Reinventing business models: How firms cope with disruption. Oxford University Press.

Wamba, S. F., Gunasekaran, A., Akter, S., Ren, S. J., Dubey, R., & Childe, S. J. (2017). Big data analytics and firm performance: Effects of dynamic capabilities. Journal of Business Research, 70, 356–365. https://doi.org/10.1016/j.jbusres.2016.08.009

Wang, C. L. (2008). Entrepreneurial Orientation, Learning Orientation, and Firm Performance. Entrepreneurship Theory and Practice, 32(4), 635–657. https://doi.org/10.1111/j.1540-6520.2008.00246.x

Warner, K. S. R., & Wäger, M. (2019). Building dynamic capabilities for digital transformation: An ongoing process of strategic renewal. Long Range Planning, 52(3), 326–349. https://doi.org/10.1016/j.lrp.2018.12.001

Yin, R.K. (1994). “Case study research: design and methods”. London, Sage.

Zahoor, N., Golgeci, I., Haapanen, L., Ali, I., & Arslan, A. (2022). The role of dynamic capabilities and strategic agility of B2B high-tech small and medium-sized enterprises during COVID-19 pandemic: Exploratory case studies from Finland. Industrial Marketing Management, 105, 502-514. https://doi.org/10.1016/j.indmarman.2022.07.006

Zahra, S. A., & George, G. (2002). Absorptive Capacity: A Review, Reconceptualization, and Extension. Academy of Management Review, 27(2), 185–203. https://doi.org/10.5465/amr.2002.6587995

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

Copyright (c) 2025 Andrea Ciacci, Ginevra Testa, Lara Penco