Consideration Regarding the Approach of Sme’s Development Modalities, in Context of Knowledge-Based Economy, from the Perspective of Firm Theories

Popescu Manoela () and Crenicean Cecilia Luminita ()
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Popescu Manoela: Christian University "Dimitrie Cantemir" Faculty of Tourism and Commercial Management, Bucharest
Crenicean Cecilia Luminita: Christian University "Dimitrie Cantemir" Faculty of Tourism and Commercial Management, Bucharest

Ovidius University Annals, Economic Sciences Series, 2012, vol. XII, issue 2, 485-489

Abstract: Knowledge economy is based on the existence and development of small businesses and how their development modalities should be focused on innovation, creativity, competitiveness, entrepreneurial culture, accumulation and use of knowledge, organizational intelligence, cooperation and communication. Analysis of firm theories reveals a multitude of business development opportunities, taking into account the different cultural components and key success factors in business. As such, this paper highlights the main ways of development of small business in the current context, highlighted by the most popular theories of the firm. These, and not only these, can be considered as successful models to follow by Romanian SMEs.

Keywords: development; SMEs; theories; innovation; creativity (search for similar items in EconPapers)
JEL-codes: D L2 M1 (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xii:y:2012:i:2:p:485-489

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