Research Proposal

Running head: Key Features of a Good Knowledge Management Strategy for an SME to Achieve a Competitive Advantage

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Key Features of a Good Knowledge Management Strategy for an SME to Achieve a Competitive Advantage
Objectives of the study ➢ To establish the concentration of small and medium enterprises in the U.K ➢ To identify the knowledge management strategies available for small and medium enterprises in the U.K ➢ To critically evaluate the most effective knowledge management strategies that small and medium enterprises in the U.K can adopt to achieve a competitive advantage. ➢ To critically review the features of an affective knowledge management capable of giving small and medium enterprises across the U.K a competitive advantage in the SME market
Literature Review Small and medium enterprises, commonly referred to as SMEs are essential elements in, not only the United Kingdom but also to the different economies across the world (Weick 2003). The SMEs are commonly described as institutions sitting on pletiful of knowledge that is entailed within the head of individuals. Moreover, according so several research studies, this knowledge is usually contained but scattered through a number of information systems that are entailed within the organization (Weick 2003). As such, these systems of informations are useful to any business as they host a number of important notions, which an organization can not function without. These aspects includde; databases, procedures, policies, articulated expertise as well as well as a great deal of expertise entailed in the employees of that institution (Weick 2003). For a small and Medium Enterprise to acess the scattered knoweledge, it requires technology. As Such, technology is greatly essential as it tends to consolidae the information systems. With a consolidated

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