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Advancing the Concepts & Practices of Information Resources Management in Modern Organizations

Knowledge Management Strategy as a Chance of Small and Medium-Sized Enterprises

Knowledge Management Strategy as a Chance of Small and Medium-Sized Enterprises
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Author(s): Andrea Bencsik (Széchenyi István University of Győr, Hungary & Univerzita J. Selyeho Komarno, Slovakia)and Tímea Juhász (Lohmann Animal Health Hungaria Ker. Kft., Hungary)
Copyright: 2017
Pages: 31
Source title: Organizational Culture and Behavior: Concepts, Methodologies, Tools, and Applications
Source Author(s)/Editor(s): Information Resources Management Association (USA)
DOI: 10.4018/978-1-5225-1913-3.ch028

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Abstract

This chapter shows how SMEs can compete with multinational companies. This chapter was written on the basis of practical research results. In this research, Hungarian and Slovakian SMEs were investigated from the view of a knowledge-based economy. The question was how they can face future challenges. The researchers wanted to know how SMEs handle their chance which is hidden in their way of thinking about a knowledge strategy. As a result, these companies seem to be afraid, uncertain, and think their success is only luck or a current incident. They live a “fly by night” existence, and they do not feel the importance of development, of studying, of knowledge; they run after work and money. These enterprises feel that they have to survive, and to this, they need money and financial capital. Therefore, knowledge and studying fall behind.

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