Title: Information Technology as a Factor of Efficiency in Entrepreneurial Development
Abstract: The scientific and technological revolution gave way to a new, more dynamic course in analyzing the development and growth of business systems. Information technology is significantly important in the era of the ever more emphasized global view on the world economy in which business systems try to maintain their positions and in the development sense create long-term programs as well as their competitive business features. It is without doubt that information technology can and must change the business philosophy of enterprises which is consequentially related to numerous savings, improvements, systematizations, which implies creating of a new strategic code of the business system itself in the sense of achieving better competitive advantages. The dynamism of implementing information technology is reflected on the accuracy, speed and extent of information, which have become a corrective factor or an innovative step in business decision making and maintaining and/or creating competitive advantages. In view of the fact that concrete savings and efficiency determine entrepreneurial development, primarily of small and medium size enterprises, it is unquestionable that competitive advantages can be achieved by applying the latest information technologies to the full.
Publication Year: 2007
Publication Date: 2007-01-01
Language: en
Type: article
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Cited By Count: 1
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