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Strategic Management in Small and Medium Business: Innovative Management Models in the Context of Global Instability
Corresponding Author(s) : Abiyev Jahongir Ne'matovich
American Journal of Economics and Business Management,
Vol. 8 No. 7 (2025): July
Abstract
Small and medium-sized enterprises (SMEs) play a pivotal role in global economies but face unique challenges amid increasing global instability, including economic volatility, geopolitical tensions, and rapid technological changes. This article explores the application of innovative strategic management models tailored to the dynamic environment confronting SMEs. By analyzing contemporary frameworks such as agile management, lean startup methodologies, and digital transformation strategies, the study highlights how SMEs can enhance resilience, flexibility, and competitive advantage. The research integrates theoretical insights with practical case studies, demonstrating that adopting innovative management models enables SMEs to navigate uncertainty, optimize resource allocation, and foster sustainable growth. The findings contribute to the evolving discourse on strategic agility and offer actionable recommendations for SME leaders seeking to thrive in an unpredictable global landscape.
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- [1] Decree of the President of the Republic of Uzbekistan No. PF-158 dated September 11, 2023. Lex uz. materials. Available: https://lex.uz/docs/4776669
- [2] Teece, D. J., Pisano, G., & Shuen, A. (1997). Dynamic capabilities and strategic management. Strategic Management Journal, 18(7), 509–533. https://doi.org/10.1002/(SICI)1097-0266(199708)18:7<509::AID-SMJ882>3.0.CO;2-Z
- [3] Ruiz-Alba, J. L., Guesalaga, R., Ayestarán, R., & Medrano, J. (2020). Business model innovation in established SMEs: A configurational approach. Journal of Open Innovation: Technology, Market, and Complexity, 6(3), 76. https://doi.org/10.3390/joitmc6030076
- [4] Karacaoglu, K., Bayrakdaroğlu, A., & San, F. B. (2024). The impact of strategic entrepreneurship behaviors on business performance in Turkish SMEs: The role of business model innovation and competitive intensity. Sustainability, 16(18), 8035. https://doi.org/10.3390/su16188035
- [5] Jones, B. (2024). Throwing the kitchen sink: Small business innovation key to unlocking productivity boost. News.com.au. Retrieved from https://www.news.com.au
- [6] Reserve Bank of Australia (2024). SMEs now the engines of innovation, RBA says. The Australian. Retrieved from https://www.theaustralian.com.au
- [7] OECD (2021). The Digital Transformation of SMEs. OECD Studies on SMEs and Entrepreneurship. https://doi.org/10.1787/bdb9256a-en
- [8] European Commission (2020). Annual Report on European SMEs 2019/2020: SMEs in a Sustainable and Digital Europe. Retrieved from https://ec.europa.eu
- [9] Usmanova N. Y. Ways of developing digital economy in Uzbekistan //Theoretical & Applied Science. – 2020. – №. 2. – С. 101-105.
- [10] Nasiba U. Innovative Economic Development of Uzbekistan: Trends and Prospects //The Peerian Journal. – 2022. – Т. 5. – С. 175-179.
- [11] Usmanova N. Gender Pay Gap in the Banking Sector: Has the Great Recession changed the obvious?. – 2020.
- [12] Usmanova N. A. TRENDS AND FACTORS OF SERVICE DEVELOPMENT //Economics and Innovative Technologies. – 2021. – Т. 2021. – №. 5. – С. 10.
- [13] Usmanova N. A. THE MAIN DIRECTIONS OF INCREASING THE COMPETITIVENESS OF SERVICE ENTERPRISES //Economics and Innovative Technologies. – 2021. – Т. 2021. – №. 6. – С. 11.
- [14] Usmanova N. Y. DIGITAL ECONOMY IN UZBEKISTAN //Современные проблемы социально-экономических систем в условиях глобализации. – 2020. – С. 163-166.
- [15] Akbarjonovna U. N. Improving the methodology for assessing quality and efficiency in the service sector //International journal of trends in business administration. – 2022. – Т. 12. – №. 1.
- [16] Usmanova N. Y., Primova A. A., Rasulova N. N. The economic content of investment and the role of foreign investment in the economy of Uzbekistan //International Journal of Psychosocial Rehabilitation. – 2020. – Т. 24. – №. 9. – С. 561-566.
- [17] AKBARJONOVNA U. N. DIGITAL ECOSYSTEMS AS A FUNDAMENTAL ELEMENT OF THE DIGITAL ECONOMY //International Conference of Economics, Finance and Accounting Studies. – 2024. – Т. 3. – С. 7-14.
- [18] Akbarjonovna U. N. Developing Rural Services and Increasing the Living Standards of the Population //Gospodarka i Innowacje. – 2023. – Т. 35. – С. 581-589.
- [19] Akbarjanovna U. N. METHODS FOR ASSESSING QUALITY AND EFFICIENCY IN THE FIELD OF SERVICE //International journal of trends in business administration. – 2022. – Т. 12. – №. 1.
- [20] Akbarjanovna U. N. IMPROVING THE QUALITY MANAGEMENT SYSTEM OF HOTEL SERVICES //Berlin Studies Transnational Journal of Science and Humanities. – 2021. – Т. 1. – №. 1.1 Economical sciences.
- [21] Akbarjanovna U. N. METHODS FOR ASSESSING QUALITY AND EFFICIENCY IN THE FIELD OF SERVICE //International journal of trends in business administration. – 2022. – Т. 12. – №. 1.
References
[1] Decree of the President of the Republic of Uzbekistan No. PF-158 dated September 11, 2023. Lex uz. materials. Available: https://lex.uz/docs/4776669
[2] Teece, D. J., Pisano, G., & Shuen, A. (1997). Dynamic capabilities and strategic management. Strategic Management Journal, 18(7), 509–533. https://doi.org/10.1002/(SICI)1097-0266(199708)18:7<509::AID-SMJ882>3.0.CO;2-Z
[3] Ruiz-Alba, J. L., Guesalaga, R., Ayestarán, R., & Medrano, J. (2020). Business model innovation in established SMEs: A configurational approach. Journal of Open Innovation: Technology, Market, and Complexity, 6(3), 76. https://doi.org/10.3390/joitmc6030076
[4] Karacaoglu, K., Bayrakdaroğlu, A., & San, F. B. (2024). The impact of strategic entrepreneurship behaviors on business performance in Turkish SMEs: The role of business model innovation and competitive intensity. Sustainability, 16(18), 8035. https://doi.org/10.3390/su16188035
[5] Jones, B. (2024). Throwing the kitchen sink: Small business innovation key to unlocking productivity boost. News.com.au. Retrieved from https://www.news.com.au
[6] Reserve Bank of Australia (2024). SMEs now the engines of innovation, RBA says. The Australian. Retrieved from https://www.theaustralian.com.au
[7] OECD (2021). The Digital Transformation of SMEs. OECD Studies on SMEs and Entrepreneurship. https://doi.org/10.1787/bdb9256a-en
[8] European Commission (2020). Annual Report on European SMEs 2019/2020: SMEs in a Sustainable and Digital Europe. Retrieved from https://ec.europa.eu
[9] Usmanova N. Y. Ways of developing digital economy in Uzbekistan //Theoretical & Applied Science. – 2020. – №. 2. – С. 101-105.
[10] Nasiba U. Innovative Economic Development of Uzbekistan: Trends and Prospects //The Peerian Journal. – 2022. – Т. 5. – С. 175-179.
[11] Usmanova N. Gender Pay Gap in the Banking Sector: Has the Great Recession changed the obvious?. – 2020.
[12] Usmanova N. A. TRENDS AND FACTORS OF SERVICE DEVELOPMENT //Economics and Innovative Technologies. – 2021. – Т. 2021. – №. 5. – С. 10.
[13] Usmanova N. A. THE MAIN DIRECTIONS OF INCREASING THE COMPETITIVENESS OF SERVICE ENTERPRISES //Economics and Innovative Technologies. – 2021. – Т. 2021. – №. 6. – С. 11.
[14] Usmanova N. Y. DIGITAL ECONOMY IN UZBEKISTAN //Современные проблемы социально-экономических систем в условиях глобализации. – 2020. – С. 163-166.
[15] Akbarjonovna U. N. Improving the methodology for assessing quality and efficiency in the service sector //International journal of trends in business administration. – 2022. – Т. 12. – №. 1.
[16] Usmanova N. Y., Primova A. A., Rasulova N. N. The economic content of investment and the role of foreign investment in the economy of Uzbekistan //International Journal of Psychosocial Rehabilitation. – 2020. – Т. 24. – №. 9. – С. 561-566.
[17] AKBARJONOVNA U. N. DIGITAL ECOSYSTEMS AS A FUNDAMENTAL ELEMENT OF THE DIGITAL ECONOMY //International Conference of Economics, Finance and Accounting Studies. – 2024. – Т. 3. – С. 7-14.
[18] Akbarjonovna U. N. Developing Rural Services and Increasing the Living Standards of the Population //Gospodarka i Innowacje. – 2023. – Т. 35. – С. 581-589.
[19] Akbarjanovna U. N. METHODS FOR ASSESSING QUALITY AND EFFICIENCY IN THE FIELD OF SERVICE //International journal of trends in business administration. – 2022. – Т. 12. – №. 1.
[20] Akbarjanovna U. N. IMPROVING THE QUALITY MANAGEMENT SYSTEM OF HOTEL SERVICES //Berlin Studies Transnational Journal of Science and Humanities. – 2021. – Т. 1. – №. 1.1 Economical sciences.
[21] Akbarjanovna U. N. METHODS FOR ASSESSING QUALITY AND EFFICIENCY IN THE FIELD OF SERVICE //International journal of trends in business administration. – 2022. – Т. 12. – №. 1.