Journal of Small Business and Entrepreneurship Development

Reality and Prospects of E-Business in Lithuania
Ligita Gaspareniene, Rita Remeikiene, Alius Sadeckas

Abstract
This article is aimed at the assessment of the current situation and prospects of e-business in Lithuania on the basis of legal and statistical data analysis. The results of the research have revealed that absence of any special law on e-business regulation determines fierce competition between traditional and e-business and so burdens e-business development in the country. Large business enterprises are more inclined to employ e-business than smaller enterprises, which confirms the theoretical proposition that e-business development, among all other determinants, is influenced by the size of an enterprise. The opportunities of e-business development in the country are comparatively wide considering the changes in consumers’ habits and advancement of IT. Rising perception that IT may significantly contribute to retention of competitive advantage in the market and business inclination to innovations also determine e-business development, although main barriers of new technology implementation in Lithuania include high costs of innovation, lack of internal funds, lack of external funds and dominance of the largest enterprises

Full Text: PDF     DOI: 10.15640/jsbed.v4n1a1