Discovering effectivemethods for technology commercialization in SME’s

Abdul Rahman, KamilahFatihah (2024) Discovering effectivemethods for technology commercialization in SME’s. Project Report. Universiti Teknikal Malaysia Melaka, Melaka, Malaysia. (Submitted)

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Abstract

This research discussed the best ways for small businesses to utilize technology. The research project, "Discovering Effective Methods for Technology Commercialization in SMEs," had three primary objectives. It began by examining the common challenges that small businesses ran into when attempting to integrate technology into their daily operations. The goal of the study was to gain insight into these challenges in order to more fully comprehend what prevented small firms from implementing technology to its maximum advantage. Additionally, it explored the advantages of implementing effective methods to improve small firms' adoption and utilization of technology. Considering how these strategies might have increased sales and provided small firms with a competitive advantage was part of this. Additionally, the research explored beneficial techniques that small enterprises might have benefited from these approaches. The research intended to offer precise guidelines on how small firms could have enhanced their usage of technology by highlighting certain strategies like modification and adaption.With the achievement of these objectives, the research hoped to provide small firms with useful guidance that would have enabled them to overcome difficulties, determine wisely when it comes to technology, and build a more successful and competitive business environment.

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