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KNOWLEDGE MANAGEMENT PROCESSES IN SMALL-MEDIUM ENTERPRISES: Significance of knowledge management in SMEs

KNOWLEDGE MANAGEMENT PROCESSES IN SMALL-MEDIUM ENTERPRISES: Significance of knowledge management in SMEs

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  • ISBN-13: 9783838353258
  • Publisher: LAP Lambert Academic Publishing
  • Release Date: Apr 12, 2010
  • Pages: 92 pages
  • Dimensions: 0.21 x 8.66 x 5.91 inches

Overview

The combination of organizational resources and capabilities needs to be developed, deployed and protected in order to enhance organizational performance. The performance among organizations differs as a result of their different knowledge bases and differing capabilities in developing and deploying organizational knowledge. The attention is focused on the implicit knowledge and skills required to co-ordinate heterogeneous resources in distinct, organization-specific resource bundles in such a way that current capabilities are leveraged and new capabilities are created. The development of a new product and service is an example of an organization attaining a competitive advantage resulting from learning processes that have been incurred with the integration of knowledge management processes and organizational assets. The trend for knowledge-based organizations is to move towards knowledge adaptation where knowledge serves two vital functions within an organization, acting as resources for organizational growth, and providing valuable assets for organizational survival.

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