SMEs' Use of Technology and Its Effect on the Firm
- Authors: Alhassan Fatawu1, Abas S.2, Stanley C.3, Susana A.4
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View Affiliations Hide Affiliations1 Tamale Technical University, Tamale, Ghana 2 Tamale Technical University, Tamale, Ghana 3 Tamale Technical University, Tamale, Ghana 4 Accra Technical University, Accra, Ghana
- Source: Digital Transformation in African SMEs: Emerging Issues and Trends , pp 76-93
- Publication Date: February 2024
- Language: English
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Globally, digitalization is changing economies and influencing how businesses create and sell their products. It has the potential to increase creativity, productivity, and economic growth. This chapter set out to ascertain what technological resources are required by small business executives in order to effectively leverage IT to boost company performance. IT has multiple benefits for SMEs/MSMEs including essential for the development of a company, for looking into emerging markets, for merchandise demand, for productivity and income, for staff development, and for the use of remote techniques of labor. It is concluded that the technology has an influence on SMEs' performance.
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