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Knowledge Management and SME Growth
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By
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B. L. Chandak
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To
move ahead, an integrated knowledge network and information super-highway for
SMEs that links all relevant national and international information sources
become basic necessity. To enable SMEs to keep pace and alignment with the
dynamism of knowledge-based economy, promotional, developmental and financing
institutions, industry associations, chamber of commerce etc. have to commit
resources and assistance to make the KM strategy tangible and economically
viable.
The
gaps in knowledge management are affecting investment in the sector. Low
capital accumulation affects employment generation, long-term competitiveness,
production capability and SMEs' access and integration into globalised supply
chains. These require substantial investment. The world over it is the SMEs
which play a major role in innovation, revitalisation of economy and creation
of new jobs, but propelling SME-growth in India requires a sound Knowledge
Management strategy for the sector.
About
the Author:
The
author is DGM of SIDBI; having years of experience in the field of SMEs in
funding and working with them.
Note: The views expressed in the article are personal.
(Published in Financial Express March 3, 2006)
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