THE EFFECT OF INFORMATION TECHNOLOGY SYSTEM ON THE GROWTH OF SMES IN NIGERIA
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 3000
ABSTRACT
This study was carried out to examine the effect of information technology system on the growth of SMEs in Nigeria using 40 selected SMEs in Ilorin, Kwara State as a case study. Specifically, the study was aimed at Evaluating the relationship that exist between information technology and the profitability of SMEs in Kwara state; examine the major constraints of information technology adoption by SMEs in Kwara state; and determine the effect of information technology system on the growth of SMEs in Kwara state. The study employed the survey descriptive research design. A total of 40 responses were validated from the survey. From the responses obtained and analysed, the findings revealed that there is a significant relationship between information technology system and the profitability of SMEs in Kwara state; SMEs in Kwara state are faced with constraints in the adoption of information technology system; and there is a significant relationship of information technology system on the growth of SMEs in Kwara state. The study therefore recommend sOwners of SMEs must take critical steps to support the adoption and use of ICT in their organizations by identifying the appropriate types of technology that meet organizations’ strategic objectives, identifying the cost and source of financing for ICT projects, hiring skilled ICT resources or train existing employees on using and supporting ICT projects, determining the appropriate leadership style for ICT adoption and organizational success and providing ongoing training and support for new ICT projects as business needs evolve. More so, Government need to put laws and regulations in place that support SMEs, provide tax incentives for ICT adoption by SMEs, offer financial incentives and loan guarantees to SMEs toward ICT adoption, support ICT training centers and take appropriate steps to promote and adopt ICT use within all government agencies. Most important, government leaders need to ensure leaders of SMEs have access to reliable infrastructure, including regular electricity, reliable telecommunication, good roads and other infrastructural facilities that would help reduce the cost of doing business, particularly in Nigeria.
Related Project Materials
STRATEGIES TO ENHANCE COMPUTER SCIENCE EDUCATION IN COLLEGE OF EDUCATION
BACKGROUND OF THE STUDY
Education is one of the basic rights of every individual. Education prepares a...
DEVELOPMENT OF AN IMPROVED SHORT-TERM PEAK LOAD FORECASTING MODEL BASED ON SEASONAL AUTOREGRESSIVE INTEGRATED MOVING AVERAGE AND NONLINEAR AUTOREGRESSIVE NEURAL NETWORK FOR NIGERIA POWER SYSTEM GRID
ABSTRACT
Electricity demand forecasting is a central and integral process for planning periodical operations and facility expansion in th...
THE IMPACT OF ACCOUNTING INFORMATION ON LENDING DECISION OF COMMERCIAL BANKS IN NIGERIA
ABSTRACT
Most banks operating in Nigeria today are finding an increasing number of loans in their portfolio...
EFFECTS OF STAFF MOTIVATION ON JOB PERFORMANCE
AN INVESTIGATION INTO THE PROBLEMS AND PROSPECTS OF MARKETING NIGERIAN MADE COMPUTER SOFTWARES
Background to the Study
Made-in-Nigeria software is a term used to describe software that was developed...
EFFECTS OF INDECENT DRESSING IN THE NIGERIAN EDUCATIONAL SYSTEM: A CASE STUDY OF COLLEGE OF EDUCATION, EKIADOLOR-BENIN, OVIA NORTH EAST LOCAL GOVERNMENT AREA OF EDO STATE
Indecent appearance has come to characterize the dress pattern of many students on campuses of higher learning in Nigeria, there is hardly any high...
THE IMPACT OF RECRUITMENT PROCESS OUTSOURCING ON ORGANIZATIONAL EFFICIENCY
Abstract THE IMPACT OF RECRUITMENT PROCESS OUTSOURCING ON ORGANIZATIONAL EFFICIENCY
The objective of this study is to examine the i...
APPLICATION OF PUBLIC RELATIONS STRATEGY IN BANKING SECTOR
ABSTRACT
This study examines the application of public relations strategy in banking sector. ...
RESOURCES GENERATION AND MANAGEMENT IN PUBLIC INSTITUTIONS IN NIGERIA: A CASE STUDY OF THE MINISTRY FOR LOCAL GOVERNMENT AND CHIEFTAINCY AFFAIRS, KOGI STATE
Background of the Stud...
THE IMPACT OF ICT IN EMPLOYER RECORD KEEPING AND SALARY PAYMENT IN ADAMAWA STATE CIVIL SERVICE COMMISSION
ABSTRACT
This study was carried out to evaluate the impact of ICT in employer record keeping and salary...
