Knowledge Management and Innovation for Enhancing SME Competitiveness

Abstract

SMEs are recognized as engines of growth and economic development worldwide. Yet they seem to be not contributing to their full potential. Many of them do not even survive for longer time and even if they do, they are not as competitive as they could be with proper resources and strategies. Adopting a qualitative approach the aim of this chapter is to explore how knowledge management and innovation in SMEs can enhance their competitiveness and aid in optimization of their potential and contribution to economic and sustainable development.