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  6. Towards Economic Growth: the Impact of I ...

Journal of Security and Sustainability Issues

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Towards Economic Growth: the Impact of Information Technology on Performance of SMEs
Volume 9, Issue 1 (2019), pp. 241–255
Sheikh Muhamad Hizam Hj Sheikh Khairudin   Mohammad Amin  

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https://doi.org/10.9770/jssi.2019.9.1(18)
Pub. online: 30 September 2019      Type: Article      Open accessOpen Access

Published
30 September 2019

Abstract

This is a conceptual article to study the economic effects of SMEs performance. It has become a widely recognized that entrepreneurs and Information Technology (IT) have become the backbone of the world’s economy. In fact, entrepreneurs are commonly considered an asset for the economic development of the society as well as the country. The current studies focus on the nature, process and practice of the matter SMEs and Information Technology in entrepreneurship for the development and implementation throughout the world, and provide entrepreneurs, managers and practitioners with up-to-date, comprehensive and effective strategies for business plans with an effective method of using Information Technology in society. However, massive and ongoing transformations are characteristics of this environment and business environment, which underscores the need for greater attention to be paid to the business environment. Furthermore, modern organizations do activities in complex environment and in the meantime dynamic. This paper aims to discuss the importance of entrepreneurship in today’s society. Therefore, entrepreneurs can play an important role in assisting and fostering business success to benefits the society. Extensive changes, increased complexity and competition are the most important features of today’s world. In addition, Information Technology can assist the business to create value, better performance, increase productivity and quality. Finally, information technology is important to the business sector as a management tool to optimize the processing of information to produce goods and services for profits.

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Keywords
economic growth information technology SMEs economics business performance value society

JEL
D00 D01 E3

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Generolo Jono Žemaičio Lietuvos karo akademija Šilo g. 5A., LT-10322 Vilnius, el.p: lka@mil.lt

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