Enhancing Competitive Advantage in Rural SMEs Through Systems Thinking: The Role of Employee Training Strategies
Year: 2024
Type: article
Abstract: The purpose of the study is to explores the critical role of systems thinking in enhancing the competitive advantage of Small and Medium-sized enterprises (SMEs) in rural areas. System thinking is the ability to understand and manage the interrelationships between different components of a challenge or problems. This kind of thinking is likely to be the key ability to navigate complex and dynamic rural market environment. Employees with strong systems thinking abilities can impact on the strategic-making and operation of rural SMEs by problem-solving skills and flexible management capacity. This paper sates that by leveraging system thinking, SMEs in rural areas can not only overcome the unique challenges they face, such as limited resources and geographical limitation, but also capitalize on opportunities and enhance the position in the market. The findings suggest that developing systems thinking skills among employees is an important strategy for SMEs in rural area to maintain and enhance their competitive advantage in the dynamic change environment.
Author: Jiayu Wu
Institution: Newcastle University
Language: English
Field: Decision Sciences
Domain: Social Sciences
Open Access status: hybrid
OpenAlex ID: W4405332364