Role of the Internet in SME Growth Strategies

Small and Medium Enterprises (SMEs) have been recognized as important contributors in the economy of many countries and new opportunities are opening for them in domestic and international markets. It is vital for an SME to grow in order to remain competitive in these markets. According to researchers there is no single theory which can sufficiently explain growth of an SME but the importance and use of the Internet is becoming increasingly visible among small and medium enterprises. Small and Medium Enterprises (SMEs) have been recognized as important contributors in the economy of many countries and new opportunities are opening for them in domestic and international markets. It is vital for an SME to grow in order to remain competitive in these markets. According to researchers there is no single theory which can sufficiently explain growth of an SME but the importance and use of the Internet is becoming increasingly visible among small and medium enterprises.