SMALL AND MEDIUM ENTERPRISE, THE PROTOTYPE OF THE KNOWLEDGE-BASED ORGANIZATION

Vladimir-Codrin Ionescu () and Toma Ple¸anu ()
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Vladimir-Codrin Ionescu: University of Bucharest, Romania
Toma Ple¸anu: "Carol I-st" National Defence University, Bucharest, Romania

No 12, Proceedings of the 6-th International Conference on Knowledge Management: Projects, Systems and Technologies, Bucharest, October 27-28, 2011 from Faculty of Economic Cybernetics, Statistics and Informatics, Academy of Economic Studies from Bucharest and "Carol I-st" National Defence University, Department for Management of the Defence Resources and Education

Abstract: Small and medium enterprises are a key sector for sustainable economic development and an important factor to absorb the manpower available or made available and, at the same time, a flexible vector in adapting the production of goods and services to the volume and structure of market demand. The attributes of SMEs place this type of organization in the forefront of economic development and, also, the defining coordinates of the modern, knowledge-based economy are favorable for the expansion of the small and medium sector. Under such circumstances, the present paper approaches the small and medium enterprise as the main microeconomic pawn of knowledge-based economy.

Keywords: small and medium enterprise (SME); knowledge-based economy; knowledge-based organization; economic efficiency. (search for similar items in EconPapers)
JEL-codes: D83 D90 (search for similar items in EconPapers)
Pages: 5 pages
Date: 2011-10
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Persistent link: https://EconPapers.repec.org/RePEc:rom:km2011:12

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