Knowledge Management in Small and Medium Enterprises
Knowledge management is critical factor in development.Knowledge creation and sharing in Small and Medium Enterprises helps these organizations to make decisions that are fundamental to the growth of the organization.Very often a huge percentage of the wealth of a country is created by these organizations(Small and Medium enterprises).Not only do they contribute to wealth but job creation as well.
Small and Medium Enterprises
The definition of Small and Medium Enterprises varies from place to place. In terms of Zambia, these are small organizations with a small workforce of up to about 100 workers and an annual income of about K150million to K200million.
Uses of Knowledge Management
- Decision making
- Wealth creation
- Job creation