Small and medium-sized enterprises (SMEs) or small and medium-sized enterprises (SMEs) are companies whose number of employees is less than certain limits. The abbreviation “SME” is used in the European Union and by international organizations such as the World Bank, the United Nations and the World Trade Organization (WTO). Small businesses far outnumber large corporations and also employ many more people. SMEs are also believed to be responsible for promoting innovation and competition in many economic sectors. Small businesses are normally privately owned by corporations, partnerships, or sole proprietorships. What constitutes “small” in terms of public support and fiscal policy varies by country and sector. Small businesses range from 15 employees under the Australian Fair Work Act 2009, 50 employees under the definition used by the European Union, and fewer than 500 quality employees for many in the United States. However, in 2006 there were over 18,000 "small businesses" with over 500 employees representing half of the total employees employed by all "small businesses". Small businesses can also be classified by other methods such as sales, assets, or net profits. Small businesses are common in many countries, depending on the economic system in operation. Examples of small businesses include: law firms, guesthouses, photographers, and online businesses such as web design and programming. Small businesses are also well suited to Internet marketing because they can easily serve specialized niches, which would have been more difficult before the Internet revolution that began in the late 1990s. Independence is another benefit of owning a small business. A survey of small business owners showed that 38% of… paper or computer systems. Furthermore, the purpose of the record is to store the entire crisis and product problems in the system which can be recovered. The purpose of storage is to make corrections and the possibility of returning the product will constitute a loss entry for the company. Documents may be referred from the finance, administration and management department. Likewise, every management activity requires recording and storing data to review in case of confusion. Therefore, information systems or information technology is very important nowadays in the business sector. Works Cited http://en.wikipedia.org/wiki/Small_and_medium_enterprises http://en.wikipedia.org/wiki/Small_business http://www.cioindex .com/article/articleid/702/what-is-it- strategy http://www.mbabrief.com/what_is_it_strategy.asp http://pestleanalysis.com/