Proceedings of the 2024 3rd International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2024)

Research on High-Quality Development of Small and Medium-Sized Manufacturing Enterprises in Wenzhou under Digital Empowerment: Exploration of Internal Logic and Pathways

Authors
Xiaohua Zhang1, *, Anjie Zhu1, Yuxiang Fu1
1Information Engineering School, Wenzhou Business College, Wenzhou, 325035, China
*Corresponding author. Email: 20219049@wzbc.edu.cn
Corresponding Author
Xiaohua Zhang
Available Online 21 October 2024.
DOI
10.2991/978-94-6463-548-5_3How to use a DOI?
Keywords
digital transformation; Wenzhou SMEs; high-quality growth; internal mechanisms; development paths
Abstract

With the advent of the digital era, small and medium-sized manufacturing enterprises (SMEs) are facing unprecedented challenges and opportunities. This study takes Wenzhou’s SMEs as an example to explore how digitization can assist these enterprises in achieving high-quality development. Through a comprehensive literature review, field investigation, and case analysis, this paper reveals the internal logic of high-quality development for Wenzhou’s SMEs under digital enablement and explores the paths to achieve this goal. The research finds that digital transformation not only enhances enterprises’ production efficiency and management level but also brings new business models and market opportunities. However, enterprises also face numerous challenges during the transformation process, such as insufficient technological capabilities and talent shortages. Based on these findings, this paper proposes a series of targeted countermeasures and suggestions aimed at helping Wenzhou’s SMEs implement digital transformation more effectively, achieve sustainable development, and contribute to the high-quality growth of the regional economy.

Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2024 3rd International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2024)
Series
Advances in Economics, Business and Management Research
Publication Date
21 October 2024
ISBN
978-94-6463-548-5
ISSN
2352-5428
DOI
10.2991/978-94-6463-548-5_3How to use a DOI?
Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

TY  - CONF
AU  - Xiaohua Zhang
AU  - Anjie Zhu
AU  - Yuxiang Fu
PY  - 2024
DA  - 2024/10/21
TI  - Research on High-Quality Development of Small and Medium-Sized Manufacturing Enterprises in Wenzhou under Digital Empowerment: Exploration of Internal Logic and Pathways
BT  - Proceedings of the 2024 3rd International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2024)
PB  - Atlantis Press
SP  - 14
EP  - 22
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-548-5_3
DO  - 10.2991/978-94-6463-548-5_3
ID  - Zhang2024
ER  -