How To Promote Competitive Advantages for SMEs
Issues, Ideas and Innovation
Abstract
Information and Communication Technologies (ICTs) have become an integral part of today’s economy. Small and Medium-sized Enterprises (SMEs) have been increasingly enjoying the benefits of e-business. ICT introduces both opportunities and threats to the SME. The general consensus of opinion is that SMEs that have traditionally been restrained from international trade because of resource limitations are now able to present themselves and their products globally.
Despite these benefits, the uptake of e-business by SMEs is still low. There are still many issues that should be addressed before SMEs can be convinced to embrace ICT. For SMEs to remain competitive in a rapidly changing world, they need to take up the adoption of new technologies. This paper attempts to discuss the issues, ideas and innovations that are important to help SMEs to remain competitive.
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