Modelling and assessing new SME digital business status for visualising virtual economics and sustainability economic indicators: Empirical evidence from poultry business

Abstract

SMEs are generally recognised as financial contributors to regional economic development. Despite the enormous contributions of digital SMEs to sustainable economic growth and regional development have not yet been reported. This paper assesses and models SME businesses to gain a digital business status and model. These days, visualising economic growth is challenging and powerful to identify business performance and realise sustainable regional development. This research analyses empirical data obtained from a poultry business to form a standard model for implementing a new SME digital business model and status. This standard model is a guideline to measure the other SME businesses and productions. Localisation of the SDGs was analysed using thematic analysis. Mathematical computation is used to visualise virtual economic growth geographically. Hence, our digital business model and status demonstrated business performance, management, and economic growth.

Keywords

• Digital business
• Engineering management
• Industrial engineering
• Small-to-medium enterprises
• Sustainability indicators
• Virtual economics