Knowledge Management in Romanian Young SMEs (Part 1)

XXI century economy is based on knowledge-intensive, they represent the "core" of assessing the competence of organizations. An effective management consists in making the right decisions in a timely manner, this being possible by the acquisition of knowledge by individuals of the organization, one of the prerequisites for knowledge management. The organization requires capturing and representing knowledge, exchange and reuse them for different processes and applications, virtually creating an appropriate environment that stimulate the transfer and use of knowledge. This paper aims to make known the results of an empirical research on knowledge management in Romanian young SMEs, defined as companies established no more than 5 years ago. The study is based on a quantitative research conducted on 161 enterprises. Data collection was conducted by the author, both by face to face interviews and online questionnaire. Analysing KM in a specific type of SMEs is important because it was not performed before, filling a gap in practical research on a crucial sector of Romanian economy.