Importance Of Small And Medium Enterprises Essay - 1442 Words

I. Introduction The globally increasing demand of IT and its adoptions proves its high impact on our life be it economical, social, professional or even if personal. Because IT offers innumerous number of benefits, it is very important to adapt IT in every fields specially Small and Medium Business(SMB). Small Business and mid-size business plays vital role in the progress of country. These small and Medium Enterprises (SME) gives significant contribution to economical growth and sound support for country s economy. And IT specially Internet is having high impact on an organization to perform primary and all support activities. This Paper focuses on IT benefits for SMEs and how it is important to adaption new IT technologies for their growth. This is also includes the influential factors and challenges that might face during IT adoption process. II. Small and Medium Enterprises (SME) Small and Medium Enterprises are very important for country s economy as they provides employment, creates new jobs and contributes to nations economy growth. Basically these SME starts with 10-50 employees and grows above 500 employees as well. Some SME can also have website but some small business just work locally and through their contacts. An ideal architecture as shown in below diagram is developed for SME. Basically It have numbers of different departments but mainly categorized in six different departments. 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