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The Benefits of Digitization for Small and Medium Enterprises

Author

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  • Carmen Mariana Codreanu

    (Associate Professor Ph. D., “Petre Andrei†University of Iasi, Romania)

Abstract

Digital technologies are awaited to have an enormous influence on developing countries’ forecasts for economic growth. Digitization will remodel business activities in many directions. Many organizations and services have remained unlocked during COVID-19 by embracing new concrete distancing practices and technology to maintain their business running and their workers secure. The SME sector is essential to economies around the globe. With normality and revival from the pandemic in sight, it is more important than ever for SMEs to highlight from opponents, be as efficient and successful as possible and provide help to the country’s economic recovery. The devices and technology available now can assist to reduce costs, grow effectiveness and grow appearance. By projecting a digital transformation journey and using the first measures to develop a business by inserting in place simple but efficient digitalization devices, SMEs can help future-proof their offering and establish flexibility for years to arrive.

Suggested Citation

  • Carmen Mariana Codreanu, 2021. "The Benefits of Digitization for Small and Medium Enterprises," Anuarul Universitatii „Petre Andrei” din Iasi / Year-Book „Petre Andrei” University from Iasi, Fascicula: Drept, Stiinte Economice, Stiinte Politice / Fascicle: Law, Economic Sciences, Political Scien, Editura Lumen, Department of Economics, vol. 28, pages 100-106, December.
    • Handle: RePEc:lum:rev11d:v:28:y:2021:i::p:100-106
    DOI: https://doi.org/10.18662/upalaw/70
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    More about this item

    Keywords

    digitization; digital technologies; covid-19 pandemic;
    All these keywords.

    JEL classification:

    • M1 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration

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