Articles
| Open Access |
https://doi.org/10.37547/ijmef/Volume06Issue02-03
Institutional Challenges Of Small Business In The Digital Transformation Process And Ways To Overcome Them
Abstract
This article examines the institutional challenges faced by small businesses during the digital transformation process and proposes comprehensive solutions to overcome them. The study analyzes the theoretical foundations of institutional barriers, including regulatory frameworks, financial constraints, human capital limitations, and organizational culture resistance. Drawing on international best practices from the European Union, United States, Singapore, and South Korea, the research identifies key success factors and common pitfalls in addressing institutional challenges. A practical model for overcoming institutional barriers in Uzbekistan's small business sector is developed, considering the unique characteristics of the national business environment. The findings provide strategic recommendations for policymakers, business leaders, and support organizations to facilitate successful digital transformation while navigating institutional complexities.
Keywords
Digital transformation, institutional challenges, small business
References
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