Contribution of Knowledge-Based Management Practices to SMEs Performance
Alina Ciocarlan-Chitucea and
Alexandra Steriu Additional contact information 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
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.