The internet and small to medium-sized enterprises: research notes

Lawrence, Japhet Eke (2009) The internet and small to medium-sized enterprises: research notes. Information, society and justice journal, 2 (2). pp. 221-235. ISSN 1756-1078

Abstract

The growth of the Internet has opened up a vast arena, providing more opportunities for businesses, particularly small to medium-sized enterprises (SMEs) to sell their products and services to a global audience than they would have been able to afford to reach using the traditional methods. SMEs are extremely important to many countries and their contribution to economy cannot be over emphasized. They are socially and economically important, since they represent 99 % of all enterprises in the EU and provide around 65 million jobs and contribute to entrepreneurship and innovation. Given the strategic importance of the SME sector to growth and job creation and the large base of current Internet users as well as potential users, the success of SMEs gaining business leverage from the Internet is critical to the future of global economies (Lawrence, 2002). It could be argued that SMEs stand to benefit significantly from the opportunities and benefits that Internet offers to businesses. Therefore, the use of the Internet is widely seen as critical for the competitiveness of SMEs in the emerging global market.

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