Business Model Innovation in SMEs: a systematic review.

This systematic review meticulously investigates the complex challenges and strategies that Small-to-Medium Enterprises (SMEs) encounter in Business Model Innovation (BMI). By rigorously categorizing and synthesizing key themes across a diverse range of studies, the review illuminates the significant impact of digital technologies, organizational flexibility, resource limitations, and collaborative tactics on the BMI journey. It underscores the pivotal role of digital transformation, the inherent agility of SMEs, and the critical importance of strategic partnerships in navigating the hurdles of innovation. This thorough analysis offers valuable insights into bolstering SME competitiveness and highlights the necessity of a multifaceted approach to BMI. The review advocates for continued research to deepen the understanding of SME innovation practices within the ever-evolving market environments, aiming to enhance support for SMEs in their pursuit of innovation and growth. [ABSTRACT FROM AUTHOR]