The Effect of Technology to the Competitiveness and...

With the emergence of newly innovated business establishments in the Philippines nowadays, no doubt, technology became a part of their progress. And with that scenario, with the aid of the modernization and quick changing technology, the competitiveness and productivity of a firm is an issue. That is why, it is essential to know the role of technology to SME’s. This paper aims to know the effect of technology to the competitiveness and productivity of SME’s. In a store that is innovated by new gadgets and other forms of technology, the customers tend to buy to them. As a result, the competitive advantage and higher production level is in them. Also, customers are satisfied with technology as a big help for SME’s competitiveness and productivity. Most of the people in the world from the last decades wonder why the middle on the field of business is missing. Due to this, they cannot make decisions on how large companies and corporations suit their products and services offered, be filled into micro enterprises. So they came up with an idea of building a firm or a business establishment or the so called Small and Medium Scale Enterprises or SMEs. Small and medium scale enterprises are built to foresee the development of small scale businesses through the help of these large companies. (Rigol, Field Mande, 2011). It is widely known that small and medium scale enterprises play an important role on the vitality of local economies around the globe. SMEs are to beShow MoreRelatedJustification Of Agreement Research Paper1675 Words   |  7 Pagescountries’ scarce factors. In the case of Malaysia, it is electronic integrated circuits. As stated before, it amounts to 40% of the country’s total exports. Although Malaysia’s comparative advantage is in manufacturing electronic goods, its productivity is decreasing. 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