In India, medium-sized and large businesses are adopting technology in major ways. But small business companies are not aware and benefit a technology can bring to their business. What are their concerns adopting a technology? Why they are unaware of the facts and what is stopping them to move ahead?
IT adoption by SMEs differs from larger organizations because of their specific characteristics, such as resources constraints. They are unaware of challenges of initial adoption, implementation; post adoption and their readiness to accept those challenges in reality. Some of the main reasons behind Indian SMEs avoiding the adoption of technology include budget and infrastructure limitations, shortage of skilled labor.
The modern economic environment which is dominated by globalization, high-competition and the knowledge and information revolution has made this business world complex to understand. The way business is conducted SMEs generally have limited access to market information and suffer from globalization constraint. In addition, no research data which help them adopt management techniques such as financial analysis, forecasting and project management.