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Development of an assessment tool to evaluate and improve SME business models

The approach presented in this paper addresses entrepreneurs and managers of SMEs in the

construction sector that are willing to refine their current business model. It is a well-known

phenomenon that, on the one hand, everybody is aware about the need to adapt business practices

continuously according to external drivers and circumstances. But, on the other hand, small firms

have restricted personnel resources or restricted access to knowledge on business model

transformation. This situation impedes plans to change or adapt the business model. However, to

remain competitive in many cases there is no other opportunity – companies have to come across

external constraints and adapt their business models accordingly.

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