Abstract
SMEs continuously seeking for knowledge advancement to improve their performance and keep pace with the new ways of doing business, the acquisition of knowledge equip SMEs to come to terms with the realities of the new order. This study examined knowledge advancement and application in e-business for SMEs in Nigeria. To achieve these laudable objectives two hypotheses were formulated to establish whether or not there is a relationship existing between the two intervening variables i.e. knowledge advancement and application in e-business and the growth and development for SMEs in Nigeria in general and Delta state in particular. Survey research design was adopted, while data were obtained from structured questionnaire and analyzed using Pearson’s product-moment coefficient of correlation. From the analysis, the results indicated that there is an existing relationship between the variables. Based on the findings it was concluded that for SMEs to stand the test of time, the need to continue to seek for new ways of doing business and innovation becomes imperative. Among others, the study recommended that SMEs should embark on intensive training, skill acquisition and development exercise to keep pace with the new order.
Highlights
The explosion of technology into the world arena has been identified as a significant intervening tool for growth and development of business nowadays
The finding of the study revealed that knowledge advancement and application in e-business has a significant impact on the growth and development for SMEs in Nigeria, most especially in Delta state
Gupta and Khanka (2008) postulated that the importance of SMEs to the economy rests on its quest for higher productivity, innovation and income distribution which earned them the name backbone of global economic growth and development
Summary
The explosion of technology into the world arena has been identified as a significant intervening tool for growth and development of business nowadays. A good knowledge of the applications and usage of these technologies in business exerts considerable effects on the growth and development of small scale enterprises. Limited knowledge in e-business applications and usage makes it extremely difficult for SMEs to compete favourably in the global market economy. Knowledge advancement in ebusiness by owners and managers of SMEs can turn around the fortunes of businesses all over the world. In line with the opinion of Berisha-Namani, (2009) e-business has a significant impact on SMEs operations and is crucial for their survival and growth. As more businesses in Nigeria move their operation into the internet according to Chenery (2004) boundaries and geographical locations will no longer be seen as a barrier in the near future
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
