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SMEs - The Main Promoters of the Knowledge based Economy

Author

Listed:
  • Nancu Dorinela

    („Ovidius” University of Constanta)

Abstract

Large companies and institutions are still attached of the functional hierarchical organization. In small private firms and non-governmental organizations, managerial and professional practices based on knowledge are already present but still in experimental forms. The characteristics of the small companies are key assets for reshaping them according to the knowledge based economy requirements. The shift to knowledge-based economy is an inevitable process, extremely complex and difficult generating for SMEs simultaneously numerous opportunities and threats. SMEs are those who assume some of the risks associated with this process, have the vision and stubbornness to succeed and to find the success formula. Small and medium enterprises are undoubtedly the "carriers" of knowledge, those who disseminate knowledge within the society and an engine of innovation.

Suggested Citation

  • Nancu Dorinela, 2015. "SMEs - The Main Promoters of the Knowledge based Economy," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 318-321, May.
    • Handle: RePEc:ovi:oviste:v:xv:y:2015:i:1:p:318-321
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    More about this item

    Keywords

    SMEs; knowledge of the notions regarding the knowledge-based economy and organization within SMEs; innovation.;
    All these keywords.

    JEL classification:

    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness

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