Business Challenges
Small/Medium Business Challenges
Small and medium sized businesses produce most of the revenue in the United States and they account for more jobs than the largest corporations. Yet there are challenges that these companies face that set them apart from their larger competitors. The fact that a business is small makes it difficult to maintain growth, and it is also difficult for these types of businesses to maintain the employees that they have trained. Large competitors can poach trained employees that are valuable to any organization, but can be essential to a small business. Another issue if the fact that small and medium sized businesses sometimes operate with financial margins that can be incredibly tight. This means that upgrading to new software and hardware necessary for the business can be a challenge. The many difficulties that these types of companies face are somewhat mitigated by helps that are available from nonprofits and the government, but, in the end, it has to be the managers and executives of the business that see to the continued development of the company. This paper discusses how small and medium businesses manage software developments and changes that can affect their companies.
Software is always changing because better ways to perform a function are...
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