Digital Economies: SMEs and E-Readiness by Stephen M. Mutula

By Stephen M. Mutula

A number of stories were made to figure out the effectiveness of knowledge and verbal exchange applied sciences inside small enterprise agencies, however the specialize in e-readiness checks were very restricted. electronic Economies: SMEs and E-Readiness presents useful insights into the present country of the electronic financial system and the facility of SMEs to leverage info and verbal exchange applied sciences in overcoming their place within the international enterprise marketplace. This cutting edge assortment offers important details for constructing strategic ambitions and frameworks that advertise monetary progress, infrastructure improvement, means development, and academic education.

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E. architects and bank workers, fashion designers and pharmaceutical researchers, teachers, policy analysts, etc (Varian, 1996). Knowledge workers are what Machlup (1962) described as individuals who produce information goods and services in industrial firms, institutions, departments and households, among others. The knowledge workers’ levels of education, research and development, communication, and access to information services and information machines, encapsulate the scope of the information economy.

New York: Bantam Books. S. National Science Foundation. S. Interagency Working Group on IT R&D University of Michigan. (2005). Advancing knowledge and the knowledge economy. Retrieved on July 21, 2008, from http://advancingknowledge. com Copyright © 2010, IGI Global. Copying or distributing in print or electronic forms without written permission of IGI Global is prohibited. Digital Economy Components 29 Chapter 3 Digital Economy Components intRoDuction The digital economy consists of various components, key among which include government; policy and regulation; internet, the world wide web (WWW) and electricity infrastructure; telecommunication industry; digital service providers; e-business and e-commerce industry; information and knowledge management systems; intellectual property rights; human capital and knowledge workers; research and development; and emerging technologies.

For one, the pressures brought on by competition and incentives to lower costs are increasing. Moreover, as modern organisations become more knowledge-intensive, such organisations cannot be expected to function properly if they do not have good mechanisms with which to share knowledge across their different units in order to enhance policy-making and service delivery. The public sector also operates in an environment where, for reasons of greater public interest, transparency is widely encouraged and the bulk of knowledge is widely accessible.

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