International Journal in Management & Social Science
  • Year: 2015
  • Volume: 3
  • Issue: 4

Knowledge management in SMEs Subject: International Journal in Management and Social Science(IJMSS)

  • Author:
  • Anshu Singh
  • Total Page Count: 9
  • Page Number: 71 to 79

Assistant Professor, Banarsidas Chandiwala Institute of Information Technology (affiliated to GGSIP University)

Online published on 15 March, 2016.

Abstract

The value and importance of knowledge, as seen by numerous organizations today, play a crucial role in the current ever-challenging and aggressive business environment. As a result, businesses that aspire and strive to be labelled as being successful and competitive need to seek and find better ways to improve their firms’ performance. Hence, Knowledge Management (KM), which is viewed as a source of sustainable competitive advantage, has attracted the attention of various companies all over the business world, including Small and Medium-Size Enterprises (SMEs)

Managing knowledge is a critical capability for small to medium‐sized enterprises (SMEs) to master because it helps them leverage their most critical resource. Organizational knowledge is the most salient resource at the disposal of SMEs in terms of availability, access, and depth. Successful SMEs are those who can leverage their knowledge in an effective and efficient manner,

This study focused on the Knowledge Management in Small and Medium sized organization focusing why SMEs need to know about knowledge management (KM) in their organizations and factors and benefits of practicing KM by small and medium enterprises (SMEs) based on secondary data.

Keywords

Knowledge Management (KM), Small and Medium Enterprises (SMEs), Organization, Business