Generolo Jono Žemaičio Lietuvos karo akademija

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.

The paper presents research which investigates the implications of national culture and organizational culture in the Lithuanian and Russian SMEs. While much of the attention has been given to organizational culture in large companies, little research has been focused on organizational and national culture in SMEs. The research is based on the main ideas of Hofstede’s framework of seven cultural dimensions and Denison’s cultural model, which measures culture in organizations with four major traits, such as involvement, consistency, adaptability, and mission. The quantitative research is based on responses to a questionnaire embracing various aspects of national and organizational culture. The authors of the research have elaborated proposals for further research.