The Business Model Innovation of Small and Medium-sized Enterprises

Abstract

For Small and Medium-sized Enterprises, Business model innovation is an effective way to promote business transformation and upgrading. The innovation of business model depends on the choice of innovation approaches. Based on the competitive market, Small and Medium-sized Enterprises should take advantage of all opportunities to achieve specialized operating. In order to promote their sustainable development, Small and Medium-sized Enterprises are supposed to foster the core driving mechanism of business innovation and promote the development of e-commerce, and finally cultivate their own core competitiveness.