KNOWLEDGE RETENTION WITHIN SMALL AND MEDIUM-SIZED ENTERPRISES

Ramona Todericiu and Alexandra Boanta
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Ramona Todericiu: Lucian Blaga University of Sibiu, Romania
Alexandra Boanta: Lucian Blaga University of Sibiu, Romania

Studies in Business and Economics, 2019, vol. 14, issue 3, 231-238

Abstract: In the constantly changing nowadays economy, all organizations have to be prepared to embrace all technological innovation and become good competitors in the market place all over the world. This need puts a special emphasize on the ability of a company to evolve through employee ability to grow professional. The retention of good, qualified employee is a complex process, because of the importance of the knowledge for the financial efficiency of a company. This article aims is to examine knowledge retention as an advantage of companies in this era of information, an era in which organizations view their employees as the main sources of competitive edge, acknowledging, at the same time, the challenge of reaching the knowledge and sharing it with all the stakeholders.

Keywords: knowledge; knowledge retention; knowledge management (search for similar items in EconPapers)
Date: 2019
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