IT and Economic Performance: Evidence From Micro Studies

Small business are said to be the backbone of the United States economy. It said that small businesses contribute to growth and vitality in the specific area of the United States economic development. Small businesses play a huge role in how the business world is shaped. Entrepreneurs are smart, creative and innovative however, those same entrepreneurs need to have some knowledge that the study of microeconomics focuses on. With the study of microeconomics, their product or future business will succeed in an economic view point.

Small businesses are the core of the engine that runs the American economy. They are a very intricate and essential part of what makes America strong. Annually there were approximately 400,000 new small businesses started every year in the United States of America. Before the recession the normal business closure for companies in America were approximately 100,000 annually. This rate of exchange between new and closing businesses is known as “the birth and death rate of American companies”. After the recession the death rate of businesses in the United States has increase exponentially, growing from 100,000 companies a year to approximately 470,000 companies closing annually (Joseph, 2014). Most may think this is a result of the recession,

1. The role of exports in small business growth and job creation hearing before the Committee on Small Business and Entrepreneurship, United States Senate, One Hundred Twelfth Congress, first session, August 11, 2011.. (2012). Washington: U.S. G.P.O.

Large corporations, such as Coca-Cola, Nike, and eBay, started off as small business that grew to become a large company and play as a major player in the national or international level of marketplace. In fact, ImageFirst Sings started as a very small company that only generates about several thousand dollars per month. As time goes by, ImageFirst Signs now able to generate for about 3.3 to 3.4 million dollars of revenue annually. Provided that, a small business can also helps in shaping the size and growth of Gross Domestic Product (GDP) values in the United

CHANGE is the only constant in the relationship between information systems and organizations. As technology evolves and changes, its introduction into organizations requires changes in the firm 's infrastructure and the services it can provide to its employees, customers, and suppliers.

The rapid evolution of enterprise IT systems in general and analytics specifically is based on the myriad of information needs companies have. The Chief Information Officer (CIO) must increasingly be just as much of a strategist as a technologist. This is increasingly evident in how CIOS are expected to not only cost-reduce IT systems but also enable greater agility in information technologies to drive top-line revenue growth (Trkman, McCormack, de Oliveira, Ladeira, 2010). There are many analytics and reporting frameworks available for tracking the contribution of each area of a company's value chain. One of the most prevalent is the role of Dr. Michael Porter's value chain in defining how the functional areas of a business over time need to be coordinated to deliver profitability (Porter, 1986). For many companies, analytics is the glue or catalyst that unifies all aspects of the value chain together, ensuring the smooth operation of an enterprise. With the value chain framework in mind, the intent of this analysis is to evaluate the most critical key performance indicators (KPIs) and metrics of performance to measure the effectiveness and efficiency of IT strategies throughout an organization. The aggregate-based effect of using these KPIs and measures of performance is to create a foundation for measuring economic value of IT to the enterprise over the long-term. This aspect of measuring the value of information technological is

Microeconomics is a smaller window compared to macroeconomics; microeconomics focuses on things surrounding individual businesses and consumers whereas macroeconomics focuses on the bigger picture, or the whole aggregate. Microeconomics is the study of choices that individuals and businesses make, the way those choices interact in markets, and the influence of governments. Different studies within microeconomics include what to produce and how much to charge when it comes to an individual firm. When looking at a household microeconomics would be the study of what and how much of it to buy. Other areas of study for microeconomics would be poverty, income rate on jobs, consumption patterns, and distribution of output; overall microeconomics is “the branch of economics that examines the functioning of individual industries and the

Microeconomics is a smaller window compared to macroeconomics; microeconomics focuses on things surrounding individual businesses and consumers whereas macroeconomics focuses on the bigger picture, or the whole aggregate. Microeconomics is the study of choices that individuals and businesses make, the way those choices interact in markets, and the influence of governments. Different studies within microeconomics include what to produce and how much to charge when it comes to an individual firm. When looking at a household microeconomics would be the study of what and how much of it to buy. Other areas of study for microeconomics would be poverty, income rate on jobs, consumption patterns, and distribution of output; overall microeconomics is “the branch of economics that examines the functioning of individual

Advances in technology over the last couple decades have transformed the way small businesses work and communicate, enabling jobs to be completed faster, more effective and more efficient. Technology has a lot of opportunities for small businesses to make things like marketing and managing a business easier. Small businesses can use business technology and level the playing field with larger businesses. A rising number of small businesses use technology to rise productivity, keep track of expenses, increase profits, and improve employee performance. A large percentage of all small businesses say that technology is helping them to improve. So, how exactly can all this modern technology improve a small business?

"Government spending with small and medium-sized enterprises" by House of Commons Committee of Public Accounts on 18 May 2016. Retrieved 12 August 2017 from https://publications.parliament.uk/pa/cm201516/cmselect/cmpubacc/882/882.pdf

Small businesses in the United States are significant drivers of economic growth, job creation, wealth, and the embodiment of the “American Dream” (Chow & Dunkelberg, 2011; Valadez, 2012). In 2013, The Small Business Administration estimated there were “28.8 million small businesses that accounted for 99.7 percent of U.S. employer firms, 33.6% of known export value ($471 billion out of $930 billion), 33.6% of known export value ($471 billion out of $930 billion), 48.0% of private-sector employees (57 million out of 118 million employees), and 41.2% of private-sector payroll” (The U.S. Small Business Administration, 2016). These staggering numbers show the

In the business world, Information Technology plays a major part in companies’ success and growth. Technology is rapidly advancing at an exponential rate and what we can do now with IT is beyond what we could have imagined just a couple decades ago. I am pursuing a degree in marketing and looking into information systems as well, I expect to become a brand manager for a big company one day such as Apple, Proctor and Gamble, or GE, etc. In marketing we utilize data to gather information and knowledge to better understand our customers. I believe I would use IT to my advantage in a marketing career to help better the company I work for. IT Is growing significantly and the amounts of data I could utilize in a business career is astronomical. Furthermore, I would be able to use this data to have a better relation between the business and its customers and help the company succeed through the role information technology plays in this type of environment.

The potential role of smaller firms in employment creation is the most noticeable motivation for the recurring interest on that segment which has prompted the investigation of the factors that affect firm survival for that size class. The empirical literature, focused on developed countries, and has triggered controversies associated with size measurement and estimation issues [see e.g. Davis et al. (1996) and Davidsson et al.(1998)]. Evidence seems to indicate, as expected, that the net job creation effect is likely to be stronger in service industries. Nevertheless, more recent studies provide appealing evidence on particularly high net job creation by small firms also in the context of the manufacturing industry as suggested by Hijzen

Due to queries about what will be the effects of these changes, especially GDP growth for the first quarter of 2013 for micro entrepreneurs, the researcher/s decided to take this study to broaden their understanding and determine what those effects are.

Finances were considered to be among the challenges that could negatively affect the implementation of ICT in Public high schools in Zambia. The higher the cost of computers and their accessories, the fewer computers one can buy with the limited resources (Sharma, 2003). According to Tusubira and Mulira (2004), the cost of a Desk top Computer (PC) connected to the Internet is often prohibitive for most people in developing countries and for those who can afford a PC, routine maintenance, virus protection and servicing, is yet another problem that is not easily manageable by the first generation computer users. Compared to traditional forms of off-campus learning, technology facilitated has proven to be quite expensive in all areas of