Small Business and Globalization

INVESTIGATION OF THE POTENTIAL FOR THE EMERGENCE OF SMALL BUSINESS IN E-COMMERCE AT THE DOMESTIC & GLOBAL LEVEL

The purpose of this study was to investigate the potential for the emergence of small business enterprise to compete successfully in e-commerce at the domestic and global level. Specifically the impact of sales volume and economic output of the economy on the ability of the small business was investigated. Study participants were 300 professionals from the business and information technology fields.

Hypothesis one and two were accepted, sales volume of a small business enterprise and the probability that the enterprise will be able to compete successfully in e-commerce at the domestic and global levels were positively related. Hypothesis three and four were accepted, the domestic economic output of the home country of a small business enterprise and the probability that the enterprise will be able to compete successfully in e-commerce at the domestic and global levels were positively related.

Conclusions were the following: that the stage of development of the economy will likely have a greater impact on a company's probability of success in Internet commerce than will the sales volume of the company; companies with annual sales of less than US$10 million will enhance their probability of success in Internet commerc

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ippines fell on hard economic times, and the positive structural change of land reform which could have contributed to development was largely neutralized by the negative economic growth (Gwartney, Stroup, & Studenmund, 1999). A country experiences both economic growth and development when the living standard of a majority of its population increases. The condition implies the presence of intensive economic growth. The importance of the rate of economic growth cannot be minimized. A one-percent annual rate of economic growth means that 72 years is required for the real (adjusted for price level changes) GDP to double (refer to Table 1, which may be found on the following page). If a country's population increases at the rate of two-percent per year (the average annual population growth rate for developing countries is 2.2 percent), the country's population will double in just 36 years (Gwartney, Stroup, & Studenmund, 1999). Under such circumstances, per capita economic growth (a requirement for development) will never occur. Even in developed countries, where the average annual rate of population growth is one-percent, a one-percent annual rate of economic growth would mean that the average living standard in that country w
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Approximate Word count = 9436
Approximate Pages = 38 (250 words per page)

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