Impact of ICT Usage on Entrepreneurs’ Innovations & Business Performance: A Review of Literature

27 Pages Posted: 6 Dec 2015

See all articles by W. A. D. Khemantha Eranga Weeramanthri

W. A. D. Khemantha Eranga Weeramanthri

University of Sri Jayewardenepura

Kennedy Gunawardana

University of Sri Jayewardenepura

K.M.S. Dushyantha Kulathunga

University of Sri Jayewardenepura

Date Written: December 7, 2015

Abstract

Introduction: Research attempts to develop a model investigating impact of Information and Communication Technology (ICT) usage on entrepreneurs’ innovations and business performance. Small and Medium Size Enterprises are major sources of employment and food production; therefore it plays a key role in Sri Lankan livelihood. Sector plays a major role for creation of employment opportunities, mobilizing domestic savings, poverty alleviation, income distribution, regional development, training of workers and entrepreneurs and creating economic environment which large industries flourish and contribute to export earnings. When considering the current statistics it shows that sector is not providing the expected results compared to developed countries. Thus there is a burning need to identify mechanism to improve SME performance in Sri Lanka.

Methodology: Through a literature survey researcher tries to identify the concept entrepreneur, his relationship with innovation, relationships between ICT usage and entrepreneurs’ innovations, and the impact of these ICT enabled innovations on business performance. Further direct impact of ICT on business performance also will be investigated.

Findings: Literature highlighted innovation as the key for entrepreneurs’ performance. Further it identified main four types of innovations namely product, process, market and organizational. Literature suggested relationship between ICT usage and business performance. Literature suggests ICT as an enabler for those four types of innovations. Further literature inspire researcher on researching impact of ICT enabled innovations for business performance.

Keywords: Entrepreneur, Innovation, Virtual enterprise, Small and Medium size Enterprises, Information & Communication Technology

JEL Classification: L86

Suggested Citation

Weeramanthri, W. A. D. Khemantha Eranga and Gunawardana, Kennedy and Kulathunga, K.M.S. Dushyantha, Impact of ICT Usage on Entrepreneurs’ Innovations & Business Performance: A Review of Literature (December 7, 2015). 12th International Conference on Business Management (ICBM) 2015. Available at SSRN: https://ssrn.com/abstract=2699805 or http://dx.doi.org/10.2139/ssrn.2699805

W. A. D. Khemantha Eranga Weeramanthri (Contact Author)

University of Sri Jayewardenepura ( email )

Nugegoda
Gandodawila
Gangodawila, Nugegoda 10250
Sri Lanka

Kennedy Gunawardana

University of Sri Jayewardenepura ( email )

Nugegoda
Gandodawila
Gangodawila, Nugegoda 10250
Sri Lanka

K.M.S. Dushyantha Kulathunga

University of Sri Jayewardenepura ( email )

Nugegoda
Gandodawila
Gangodawila, Nugegoda 10250
Sri Lanka

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