Studying the Current Status of Technology Adoption
Association for Computing Machinery
Small and medium-sized enterprises (SMEs) are important to the U.S. economy,particularly to the high-tech sector. SMEs employ approximately half of all private sector employees, generate 60% to 80% of new jobs annually, and employ approximately 40% of high-tech workers such as scientists, engineers, and computer workers [8, 11]. Further, SMEs play a critical role in nurturing industrial innovation, constituting 40% of highly innovative firms in 2002 . SMEs also play a significant role in enhancing the competitiveness of an economy through the process of economic renewal by creation, elimination, and restructuring of economic sectors. Technology has been a critical factor in enabling SMEs to play this regenerative role in the U.S. economy.