Digital Transformation in African SMEs: Emerging Issues and Trends

Volume: 3

SMEs’ Use of Technology and Its Effect on the Firm

Author(s): Alhassan Fatawu*, Abas S., Stanley C. and Susana A.

Pp: 76-93 (18)

DOI: 10.2174/9789815223378124030009

* (Excluding Mailing and Handling)

Abstract

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. 


Keywords: IT, SMEs, Africa, digitalization, technology.

Related Books
© 2024 Bentham Science Publishers | Privacy Policy