SMEs (Small and Medium Enterprises) are crucial factors in the development of the economic and financial growth of a nation but because of several challenges, they failed to evolve to their complete capability. Several forms have detained on opportunities to pursue and many times attain better economy range. Mainly in a few nations, nonetheless, the evolution of technology forms an effective challenge for small business entrepreneurs. The growth of technology plays a crucial role in the development of small and medium enterprises (SMEs).This paper tries to study one of the challenges, invention, adoption of technology and also find out the consequences on the performance of the SMEs. Hence, Small and medium enterprises ought to make decisions carefully with a concern related to planning and operations to neglect any of the loss to the company, mainly in the cost of execution.
Key words: Innovation and Technology Adoption, Risk, Small and Medium Enterprise, Performance, Manufacturing
|
