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Key Issues in E-Business Development among SMES:Opportunities and Challenges

Moses, Chinonye, Love and Agbaike, Edwin O. (2012) Key Issues in E-Business Development among SMES:Opportunities and Challenges. BVIMSR's Journal of Management Research, 4 (2). pp. 291-296. ISSN 0976-4739

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Abstract

The rapid advancement of b~formation and Communication Technology (ICT) in the world economy has enhanced e-business development. The continued exponential growth of the Internet, coupled with its growin ,~ ubiquity, especially globally, has provided different companies with a means to finally realize the economic benefits of electronic business in terms of reduced transaction costs, increased geographical scope and enhanced cusromer support ( F~fe and Pereira, 2002). The demonstrated benefits of internet applications that trarz.~fer mony qf a company's internal business functions from paper-based to electronic-based transactions, enjoved by companies such as eTransact, Zinox, Alpha Computers and others, have encouraged small and mediw11 enterprises to adopt these applications. A broad perspective with regard to electronic business is taken in this stud\', is that electronic business will be viewed within the context of small and medium enterprises in terms of' performing any business process electronically using a wide range of technologies such as electronic dato interchange (ED I), e-mail, the Internet, the World Wide Web, (www) Intranets and Extranets. This study therefore focused on the evaluation of the challenges and opportunities involved in e-business development in SMEs.

Item Type: Article
Uncontrolled Keywords: E-business, Development, SMEs, Opportunity and Challenges
Subjects: H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
H Social Sciences > HF Commerce
Q Science > QA Mathematics > QA75 Electronic computers. Computer science
Divisions: Faculty of Law, Arts and Social Sciences > School of Management
Depositing User: Mr Solomon Bayoko
Date Deposited: 08 May 2014 13:44
Last Modified: 19 Feb 2016 08:27
URI: http://eprints.covenantuniversity.edu.ng/id/eprint/2566

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