The Effects of technology adoption on millennial entrepreneurship

Abstract

Information Technology has made considerable inroads in organizations and enterprises. This diffusion of technology has been credited with significant cost reductions, gains in productivity, organizational effectiveness and in some cases a definite competitive advantage (Earl, 1989). This study sought to bring out the various aspects of technology adopted in an enterprise and their impact on the growth and profitability on the firm. The aspects considered were Managing accounts/bookkeeping, managing inventory, online banking, online sale of business products, The results of the study obtained that there exists a linear relationship between the adoption of technology and the returns of the company. This relationship exists positively for all variables used in this study. This finding offers a valuable insight to entrepreneurs and provides a strategic direction of adopting technology to optimize the performance of the firm