Critical Literature Review Example | Topics and Well Written Essays - 1500 words - 1

Critical - Literature review utilisation6.5 million and a medium enterprise can have up to 250 employees with a turnover of ?25.9 million. (BIS, 2011). SMEs ar not only playing a significant role in the economy of United body politic but they atomic number 18 also major contributor in reducing the unemployment in the country. Small and medium sized enterprises (SMEs) are an important part of UK economy. Out of nation 4.3 million business enterprises 99% are SMEs, accounting for well over half of the employment (58.9%) and turnover (51.9%). (Dyerson & Hari, 2008, p. 139). Today, adoption of IT or Information and converse Technology (ICT) by SMEs is not an option but a compulsion and business requirement. Businesses cannot afford to blend and exit in isolation rather they have to integrate themselves with all saucily technologies that happened to exist and tend in the society. The impact of info technology on the society has instigated new domains and horizons of information technology in the SMEs businesses and awareness has begin to increased among European states some two decades back with the invent of internet and information explosion. Earlier EU policies in support of Small and Medium Enterprises (SMEs) tended to focus on their role in creating employment. Over the past decade, there has been a pronounced shift to encourage greater SME participation in the information society and increased policy interest in the role that SME may play in innovation. (Stanford-Smith, Enrica & Mireille, 2002, p.987). Apart from the size of an SME, the significance of an information technology framework is unquestionable for its existence, operation and yield. The role of IT in some(prenominal) business is multi faceted and it may range from internal operations and data repositories to eMarketing and eCommerce. The globalization of businesses has necessitated the founding of tools and trade of information technology into the SMEs all over the world. The strategi cal importance of SMEs in the economic ingathering of a country has grown multi times and governments try to enhance and boost economic escalation through the growth of SMEs to achieve sustainable economic strength. The adoption of information technology by SMEs is the tactical side of this strategic objective. Therefore, the governments not only encourage the use of technology but also enforce the use of these technologies to check up on better management and to guard public interest through IT enabled services by SMEs. These efforts were not confine to individual states but were also collaborated internationally by organizations like OECD. An early example of these steps includes the psychiatric hospital of Technology Development Centers (TEKES) in order to assist SMEs in planning development programs which include new technology and international cooperation. (OECD, 1998, p. 82). United Kingdom being a member of OECD has been playing a polar role in the growth of SMEs and the reafter in the strengthening process of the SMEs which includes but not special(a) to the adoption and encouragement of information technologies in these businesses. Here again the operations are concentrated on the OECD countries and the main sectors include technical and engineering studies, agro foods, chemicals, parachemicals and pharmaceuticals, information technology and electronics. (OECD, 1998, p. 83). Threats and challenges always come bundled with the adoption of any technology and the information techn