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Contribution of Knowledge-Based Management Practices to SMEs Performance

Author

Listed:
  • Dan Popescu

    (Academy of Economic Studies of Bucharest, Romania)

  • Iulia Chivu

    (Academy of Economic Studies of Bucharest, Romania)

  • Alina Ciocarlan-Chitucea

    (Academy of Economic Studies of Bucharest, Romania)

  • Alexandra Steriu

    (Academy of Economic Studies of Bucharest, Romania)

Abstract

The knowledge-based economy requires, both in Romania and internationally, the presence of intelligent organizations, with advanced management capabilities of their collective skills, as sources of performance. As a result, worldwide, more than ever, knowledge is accepted as one of the main sources of competitive advantage. Small and medium sized enterprises (SMEs) are the most dynamic factor of progress in contemporary society, the main generator of economic performance, and employment opportunity provider for the population. SMEs represent 99% of all enterprises, drawing up the main human resource agglomeration. Knowledge-based management approaches go beyond the rigid hierarchies and entail the emergence of non-hierarchical organizational structures.

Suggested Citation

  • Dan Popescu & Iulia Chivu & Alina Ciocarlan-Chitucea & Alexandra Steriu, 2011. "Contribution of Knowledge-Based Management Practices to SMEs Performance," MIC 2011: Managing Sustainability? Proceedings of the 12th International Conference, Portorož, 23–26 November 2011 [Selected Papers],, University of Primorska, Faculty of Management Koper.
    • Handle: RePEc:mgt:micp11:859-869
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