classification and taxonomy of teismes
Small Medium Enterprises (SMEs) are facing dramatic change, often referred to as 'information technology (IT) evolution'. Its magnitude does not seem to be any lesser than the industrial revolution at the start of twentieth century. Advances in information and communication technologies are the main drivers behind this evolution. Explosive popularity of the Internet as a business tool has created a new type of economy, which may be called 'digital economy'. This emerging economy is bringing with it new forms of IT-enabled inter-mediation, on-line businesses, virtual supply chains, rapidly changing internet-eC technologies, increasing knowledge intensity, and unprecedented sensitivity of time-to-market by customers. Although customers are increasingly demanding more value, goods customised to their exact needs, at less cost, and as quickly as possible. To meet these demands, SME needs to innovate new way of creating value and will require different enterprise architectures, different IT infrastructures and different way of thinking about doing business. This transformation of business from old SME to a new agile electronic market and global business is not easy and requires a lot of thinking, planning and investment. This paper discusses the impact of SME definition on the 'Micro' or 'Dot com' business operations in the UK and the classification and taxonomy of TEISME (Technology Enabled Information Small Medium Enterprises). A questionnaire survey was conducted to identify the types of TEISMEs that can be classified under the proposed classification. The question posed by this paper is whether TEISME is complementary to, or indirect competition with SME.
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