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With the advancement in technology, small businesses must be willing to engage and compete in the global marketplace. Globalization offers various new market opportunities that were not available to a small business just a few years ago.
However, small businesses face a common challenge in this global environment. How to compete profitably without having significant upfront capital investments.
Unfortunately, many small businesses are not willing to dedicate the time or money needed to upgrade their technology infrastructure. That's where the technology gap exists — with small businesses relinquishing the role of technology innovation to larger companies.
However, there are ways in which a small business can foster technological innovation without having to spend heavily on capital. Below are three ways in which a small business can encourage technology growth and close their internal technology gaps.
Read the article here: The Technology Gap and Small Business – Competing Globally
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