Digital Entrepreneurship and Online Digital Marketing Strategies for SMEs: Technology-Organization-Environment (TOE) Model

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Abstract

The rapid expansion of the digital economy has created a new investment landscape defined by digital entrepreneurship.This study investigates the profound impact of online digital marketing strategies on Nigerian small and medium-sized enterprises (SMEs), highlighting how effective adoption enhances revenue generation and customer engagement.Evidence from the research shows that many SMEs experienced significant increases in turnover following the integration of digital marketing tools, underscoring their transformative potential.Guided by the Technology-Organization-Environment (TOE) framework, the study demonstrates how SMEs can strategically embrace digital activation to strengthen competitiveness and achieve sustainable growth.A random sample of 450 SMEs was drawn from a population of 500 businesses in the study area, with 90 percent of responses deemed valid for analysis.Findings reveal that 52 percent of SMEs reported annual revenues increase between 3million and 5million Naira after adopting digital marketing, compared to lower earnings prior to digital marketing implementation.The results confirm that leveraging technology, organizational readiness, and environmental adaptation through the TOE framework provides SMEs with a structured pathway to optimize digital entrepreneurship, expand market reach, and secure long-term resilience in the evolving digital economy.

Fields of Study & Subjects

SMEs Development and Digital Marketing Digital Marketing and Social Media Digital Innovation in Industries

Publication details

Journal / source
Interdisciplinary Systems for Global Management
Publication date
15 January 2026