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Innovation and Inclusiveness Through Knowledge Management in Indian SMEs
Abstract
Small is the new big. Globally SMEs are taking a centre stage in the promotion of economic development to employment generation and women empowerment. The SMEs constitute over 90% of total enterprises in most of the economies. Due to changing global economic scenario SMEs are visualizing a ray of hope. On the other hand, due to fierce competition they are forced to work on competitive advantage for sustainable growth. Innovations are required to achieve competitiveness. and for Innovation requires proper Knowledge Management. Intellectual capital is a new buzz word. Globally organizations have acknowledged the importance of knowledge workers and their knowledge. Many SMEs have also realized the importance of Knowledge Management and implemented it successfully, while some are working on it.
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