Meaning ● Networked Business Models, within the SMB arena, represent a strategic framework where a business leverages technology and partnerships to create a scalable and agile operational structure. Essentially, this involves connecting internal processes with external resources, such as suppliers, distributors, and even customers, to achieve increased efficiency, innovation, and market reach. The successful implementation of a networked model often relies on automation to streamline workflows and ensure seamless communication between different entities, enabling SMBs to compete effectively with larger organizations. Considering SMB growth, adopting a networked approach facilitates rapid expansion by reducing dependency on internal resources and capitalizing on the specialized capabilities of external partners, ultimately driving a more flexible and responsive business ecosystem. To that end, automation is critical to support complex interactions and data flow within the network, ensuring real-time insights and improved decision-making across the extended value chain.
