Empirical Study of Barriers to Electronic Commerce Uptake by SMEs in Developing Economies

2016 ◽  
pp. 733-751
Author(s):  
Edwin M. Agwu ◽  
Peter J. Murray
Keyword(s):  
Electronic Commerce ◽  
Product Information ◽  
Developing Economies ◽  
Basic Product ◽  
Medium Scale ◽  
The World ◽  
Medium Enterprises ◽  
The Impact ◽  
Efficiency And Productivity ◽  
Significant Attention

Electronic commerce (E-commerce) is a technological innovation that enables small to medium enterprises (SMEs) to compete on the same level with their larger counterparts. And it has the potential to improve efficiency and productivity in many areas and, therefore, has received significant attention in many countries of the world. A thorough analysis of the impact of the internet and e-commerce across firms, industries and economies is necessary to separate hype from reality. However, several researchers have called for the investigation of the association between the perceptions of e-commerce and the barriers to its adoption in developing countries. It is however on record that SMEs the world over are faced with significant challenges that compromise their ability to function and to contribute optimally to the respective economies where they operate. This study was conducted in three states of Nigeria (Lagos, Abuja and Enugu states) with the use of interviews to gather relevant data; the aim of which was to understand the challenges which serve as barriers to E-Commerce adoption by small and medium scale enterprises in the Nigerian context. Findings indicates that small and medium scale online present is at best unknown. The most common e-Commerce applications used by most SMEs include but not limited to the use of e-mails for communication purposes and a simple website for basic product information – information contained are usually outdated as most of these websites are hardly updated. Findings revealed, among others, that lack of and total absence of a regulatory framework on e-Commerce security, as well as technical skills, and basic infrastructures are some of the barriers to electronic commerce adoption. The findings however, provide a constructive insight to financial practitioners, governments as well as other stakeholders on the need to give e-commerce a place in all aspects of e-commerce activities.

Empirical Study of Barriers to Electronic Commerce Uptake by SMEs in Developing Economies

2015 ◽  
Vol 6 (2) ◽  
pp. 1-19 ◽  
Author(s):  
Edwin M. Agwu ◽  
Peter J. Murray
Keyword(s):  
Electronic Commerce ◽  
Product Information ◽  
Developing Economies ◽  
Basic Product ◽  
Medium Scale ◽  
The World ◽  
Medium Enterprises ◽  
The Impact ◽  
Efficiency And Productivity ◽  
Significant Attention

Electronic commerce (E-commerce) is a technological innovation that enables small to medium enterprises (SMEs) to compete on the same level with their larger counterparts. And it has the potential to improve efficiency and productivity in many areas and, therefore, has received significant attention in many countries of the world. A thorough analysis of the impact of the internet and e-commerce across firms, industries and economies is necessary to separate hype from reality. However, several researchers have called for the investigation of the association between the perceptions of e-commerce and the barriers to its adoption in developing countries. It is however on record that SMEs the world over are faced with significant challenges that compromise their ability to function and to contribute optimally to the respective economies where they operate. This study was conducted in three states of Nigeria (Lagos, Abuja and Enugu states) with the use of interviews to gather relevant data; the aim of which was to understand the challenges which serve as barriers to E-Commerce adoption by small and medium scale enterprises in the Nigerian context. Findings indicates that small and medium scale online present is at best unknown. The most common e-Commerce applications used by most SMEs include but not limited to the use of e-mails for communication purposes and a simple website for basic product information – information contained are usually outdated as most of these websites are hardly updated. Findings revealed, among others, that lack of and total absence of a regulatory framework on e-Commerce security, as well as technical skills, and basic infrastructures are some of the barriers to electronic commerce adoption. The findings however, provide a constructive insight to financial practitioners, governments as well as other stakeholders on the need to give e-commerce a place in all aspects of e-commerce activities.

scholarly journals RISK MITIGATION FOR SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) IN THE MIDDLE OF VOLATILITY IN THE WORLD’S ECONOMY CONDITION

2021 ◽  
Vol 4 (1) ◽  
pp. 34-39
Author(s):  
Gresika Bunga Sylvana
Keyword(s):  
Business Processes ◽  
Small And Medium Enterprises ◽  
Risk Mitigation ◽  
The Great Depression ◽  
The World ◽  
National Leaders ◽  
World Economic ◽  
Economy Condition ◽  
Medium Enterprises ◽  
The Impact

ABSTRACT Indonesia's economic growth in the first quarter of 2020 of 2.97% was released by the Central Statistics Agency (BPS). It is undeniable, that number is the lowest growth rate in the last 19 years. We understand that the economic disruption caused by the COVID-19 pandemic did occur in various parts of the world. A significant economic slowdown is a big task for many national leaders. Some world economic experts even mention that the disruption of the economy due to this pandemic can resemble the effects of the Great Depression of 1930 ago. If we review the impact of the COVID-19 pandemic which has caused extraordinary disruption in the economic field, it is seen that Micro, Small, and Medium Enterprises (MSMEs) are a sector that is quite severe. Basically, the concept of risk management is not commonly used in SMEs business processes. This is because, in general, the resources owned by SMEs are quite limited. However, in this paper I want to illustrate at least there are simple concepts that can be applied by SMEs.

Multilateral Trade Liberalization and Terms of Trade Volatility

2018 ◽  
Vol 09 (03) ◽  
pp. 1850007 ◽  
Author(s):  
Sèna Kimm Gnangnon
Keyword(s):  
Trade Liberalization ◽  
Developing Economies ◽  
Terms Of Trade ◽  
Multilateral Trade ◽  
The World ◽  
Current Article ◽  
Terms Of Trade Volatility ◽  
Trade Volatility ◽  
Multilateral Trade Liberalization ◽  
The Impact

The world has experienced in recent years a rising anti-trade and anti-globalization sentiment, which would likely jeopardize recent efforts by the international trade community, in particular Members of the World Trade Organization (WTO), to promote multilateral trade liberalization (MTP). The current article investigates the impact of MTP on countries’ terms of trade volatility. Results based on a large panel dataset suggest that MTP exerts a significant reducing effect on countries’ terms of trade volatility. However, this impact appears to be dependent on countries’ development level. The take-home message is that greater cooperation on trade matters, including among WTO Members would help promote multilateral trade liberalization, which would surely contribute to reducing terms of trade volatility, for the benefits of all countries, in particular developing economies.

scholarly journals Dampak Dampak covid-19 terhadap Usaha MIkro, Kecil dan Menengah

2021 ◽  
Vol 4 (1) ◽  
pp. 662-669
Author(s):  
Siti Nuzul Laila Nalini
Keyword(s):  
National Economy ◽  
Small And Medium Enterprises ◽  
The World ◽  
Medium Enterprises ◽  
Almost All ◽  
The Impact

The COVID-19 pandemic has an impact on the economy, social and politics of not only big countries but almost all countries in the world. Indonesia is one of the countries affected especially on the economic side. Indonesia, which is dominated by Micro, Small and Medium Enterprises (MSMEs), needs to pay special attention to this sector because the contribution of MSMEs to the national economy is quite large. This journal aims to analyze the impact of the COVID-19 pandemic on the existence of MSMEs in Indonesia and how solutions can help MSMEs survive in a COVID-19 pandemic situation.

scholarly journals COVID-19 - Digital Transformation and Digital Competency

2021 ◽  
Vol 9 (3) ◽  
Author(s):  
P Venkat Kamesh
Keyword(s):  
Digital Literacy ◽  
Small And Medium Enterprises ◽  
Developed Countries ◽  
Digital Transformation ◽  
Common People ◽  
Working Paper ◽  
The World ◽  
Digital Payments ◽  
Medium Enterprises ◽  
The Impact

The COVID-19 pandemic has caused serious and long-term disturbances in people's lives all over the world, in both developing and developed countries. This has led to financial crisis and great depression in the GDPs of many countries. It has not only impacted the Multi-National Businesses (MNCs) but also disturbed the Small and Medium Enterprises (SMEs) and life’s of man vulnerable people. As the crisis continues, the pandemic's pervasive impacts, which have affected every part of our communities, continue to unfold, leaving profound marks on people's livelihoods and countries' economies that are likely to persist for several years after the pandemic has ended. As part of the global response to COVID-19, the digital technology industry especially Fintech (Financial Technology) has been instrumental in creating and delivering services and technologies that have mitigated, at least in part, the pandemic's effect on multiple aspects of people's lives in every part of the world. The Fintech companies and Start-ups have played a tremendous role in mitigating the inconvenience for the common people by implementing the next generation solutions for everyone and the people were quick to adopt to such a change. The interest and surge of usage of Fintech applications (Digital applications related to Finance/Payments/Banking/Ecommerce) carries in preserving people’s livelihoods and businesses that have been, and continue to be, threatened by the pandemic COVID-19. This working paper will discuss about the impact of digital payments in the developing country like India during COVID-19, Pre-COVID-19, evolution of digital transformation in India from the past few years, People adoption to digital technologies, digital literacy intensification in emerging markets and also discusses the future trends of Fintech and its impact on consumers and businesses even after the pandemic ends.

scholarly journals Statistical Analysis of the Performance of a Big and Open Economy: The Case of the U.S.

2018 ◽  
pp. 10-17
Author(s):  
O. V. Zhuravliov ◽  
О. М. Simachova
Keyword(s):  
United States ◽  
Open Economy ◽  
Developing Economies ◽  
Negative Impact ◽  
The United States ◽  
Us Economy ◽  
The Us ◽  
The World ◽  
Macroeconomic Indicators ◽  
The Impact

The US economy is one of the richest and most diversified economies in the world and keeps its leadership in the global economy for the past 100 years. The United States is a global leader in computer technology, pharmaceuticals and the manufacture of medical, aerospace and military equipment. And although services make up about 80% of GDP, the US remains the second largest producer of industrial goods in the world and is a leader in research and development. President Donald Trump was elected in November 2016, promising a big gap with his predecessor’s regulatory, tax and trade policies. Therefore, the current socio-economic status of the USA and the possible ways of its development in the future are interesting for studying the impact on other economies, in particular, on the Ukrainian economy and the search for new and optimal ways of developing relations between the United States and Ukraine. Key macroeconomic indicators of the US economy in 2011–2018 are analyzed, demonstrating the influence of Donald Tramp’s new policy on changes in the indicators of the economy, the labor market, trade, etc., as well as possible ways of development in the coming years. The review of key macroeconomic indicators gives grounds for classifying the American economy as healthy one. Rates of GDP growth will remain in the range of 2 to 3%. These rates of growth in the world’s largest economy are callable to ensure a substantial increase in the global activity. But uncertainties in the politics may hinder global growth and have clearly negative impact on the investment growth in developed and developing economies.

scholarly journals Multi-grade fuzzy assessment framework for software professionals in work-from-home mode during and post-COVID-19 era

2021 ◽  
Vol 7 (1) ◽  
Author(s):  
M. Suresh ◽  
Kavya Gopakumar
Keyword(s):  
Efficiency Index ◽  
Assessment Framework ◽  
Work From Home ◽  
The World ◽  
Software Professionals ◽  
Unique Framework ◽  
Novel Coronavirus ◽  
Fuzzy Assessment ◽  
The Impact ◽  
Efficiency And Productivity

AbstractThe pandemic novel Coronavirus disease and the resulting lockdowns have contributed to major economic disturbances around the world, forcing organisations to extend the work-from-home (WFH) option to their employees wherever feasible. The current major challenge of this option is maintaining the efficiency and productivity of the employees across the organisations. It is therefore important to understand the impact of this make-shift arrangement of WFH policy and their underlying effects that may affect the efficiency of employees and hence their output levels. This is a distinctive approach to develop a unique framework for efficiency index computation by evaluating the efficiency levels of WFH mode in software organisations using multi-grade fuzzy approach and importance–performance analysis. In turn, this would help to determine the crucial attributes that require improvement to increase the efficiency levels of employees concerned. In this study, a case project has been assessed and it was observed that the efficiency index of WFH accounts to 4.92, which is in between the range of (4.01–6) specified as ‘Efficient’. The framework can be used on a periodic basis to help software organisations to continuously improve their WFH efficiency level.

Electronic Commerce Adoption Barriers in Small to Medium-Sized Enterprises (SMEs) in Developed and Developing Countries

2011 ◽  
pp. 1441-1457 ◽  
Author(s):  
Mitra Kartiwi ◽  
Robert C. MacGregor
Keyword(s):  
Developing Countries ◽  
Electronic Commerce ◽  
Developing Economies ◽  
Business Environment ◽  
Developing Economy ◽  
Developed Economies ◽  
The World ◽  
Technical Issues ◽  
Manager Perceptions ◽  
The Relationship

Today, electronic commerce (e-commerce) has been utilised as a rapid vehicle to transform the world into an information society. In the business environment, e-commerce has made considerable inroads not only into large organisations but also the small and medium-sized enterprises (SMEs). However, SMEs are not adopting e-commerce with same speed as their larger counterparts. This slow growth has been attributed to various adoption barriers, which have been well documented in numerous research studies. While several recent studies have begun examining the relationship between the perceptions of adoption barriers in developed economies, the relationship between the perceptions of these barriers has not been fully examined in developing economies. This paper examines the correlation and underlying factors of barriers to e-commerce (as perceived by SME owner/managers) in a developing economy (Indonesia). It then compares these with SME owner/manager perceptions from a developed economy (Sweden). The study showed that there are differences in the groupings and priorities of barriers to e-commerce between the two locations. Most importantly, however, was the finding that while Swedish respondents were more concerned with technical issues, the Indonesian respondents were more concerned with organisational barriers.

scholarly journals The Impact of Technology in the Field of Accounting in Small and Medium Enterpresis

2019 ◽  
Vol 8 (4S3) ◽  
pp. 445-449
Keyword(s):  
Information Technology ◽  
Competitive Advantage ◽  
Web Sites ◽  
Small And Medium Enterprises ◽  
Human Errors ◽  
The World ◽  
Commercial Enterprise ◽  
Impact Of Technology ◽  
Medium Enterprises ◽  
The Impact

The impact of information technology in accounting is playing a major role in small and medium enterprises information technology has been the prevailing impact to businesses and around the world .It is now given stretching from the perspective of technology and it is benefits as to whether it can be effective, that is improving small and medium enterprises performance, where many if not most of businesses implementation include competitive advantage, reduction in human errors. Companies in telangana state have different reasons for frequent improvement of technology to existing technologies used in the companies. an system application practices company outlined that the usage of technology to maximise your industrial enterprise productiveness creates the platform to recognise authentic employer success business productivity and statistics technology guarantees businesses have the equipment to conquer the challenges of executing on technique each day and prospering in gift international scenario.. Small and medium enterprises business firms implements technology because it enables the company to keep up with other small and medium enterprises business firms in throughout the world. And technology allows businesses to decorate their communique strategies. using emails and awesome web web sites can help agencies beautify communique with purchaser.. This permits in retaining competitive advantage and commercial enterprise corporation owners can use generation to reduce commercial organization costs. And it enables in automating decrease lower back workplace features, for example file of ebook retaining, accounting and payroll. generation also can be used to create secure environments for maintaining sensitive organization or consumer facts. in international situation

scholarly journals Barriers Hindering Ecommerce Adoption

2013 ◽  
pp. 152-165
Author(s):  
Japhet E. Lawrence
Keyword(s):  
Developing Countries ◽  
Electronic Commerce ◽  
Kurdistan Region ◽  
Cultural Issues ◽  
Social Effect ◽  
Significant Barrier ◽  
Adoption And Diffusion ◽  
Efficiency And Productivity ◽  
And Diffusion ◽  
Significant Attention

Electronic commerce (EC) has the potential to improve efficiency and productivity in many areas and has received significant attention in many countries. However, there has been some doubt about the relevance of ecommerce for developing countries. The absence of adequate basic infrastructural, socio-economic, socio-cultural, and government ICT strategies have created a significant barrier in the adoption and growth of ecommerce in the Kurdistan region of Iraq. In this paper, the author shows that to understand the adoption and diffusion of ecommerce in Kurdistan, socio-cultural issues like transactional trust and social effect of shopping must be considered. The paper presents and discusses these issues hindering ecommerce adoption in Kurdistan.

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