RESPONSIBLE ENTREPRENEURSHIP VISION DEVELOPMENT AND ETHICS

Knowledge management challenges: The case of SMEs in a competitive business environment 101
culture; IT and technology; resources based view; infrastructure; human resources and evaluation
systems. This paper enlightens the importance of knowledge management by means
of which innovation and business performance can be brought in industrial SMEs. The innovative
aspect of this paper is the complex conceptual framework focus on KM and the practical
studies that knowledge management elements are incorporated simultaneously through
the three steps methodology to examine their impact on industrial SMEs. Moreover, this
research represents an important tool for decision makers, researchers and practitioners.
Further studies will focus on the development of a hybrid model necessary to an efficient
knowledge management and an assessment procedure of the model because knowledge brings
innovation and innovation brings competitive advantage and performance. Also, for future research
the attention will be on separate studies on large national and international organisations.
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