Small and Medium Enterprises (SMEs) in Knowledge Economy: Indian Perspective
Keywords:
SMEs, Economic Development, Employment, Cost, ProductionAbstract
Today’s economy is known as a “Knowledge-Based Economy” as knowledge is becoming the most important source and learning is becoming the most important process. Competitive edge is less resulting from access to physical resources and more from the aptitude of organizations and societies to produce ideas and to interpret them into economic and social value. In this globalised world, acquaintance and logical skills are becoming critical to create and develop products and services, generate more efficient distribution and marketing techniques and guarantee the real customer satisfaction. Small and Medium Enterprises (SMEs) have to play a key role in the growth of the country. SMEs have their prominence in developing as well as developed countries, which is very important in countries like India with huge accumulation of unemployment in the metropolitan sections of the economy. This paper makes an attempt to study role of SMEs in knowledge economy in Indian perspective.
References
Reference
N.V.Raghavendra, M.H.BalaSubrahmanya “Development of a measure for technological capability in small firms”, Int. J. Innovation and Learning, Vol. 3, No. 1, 2006
S. Majumdar, “Growth Strategy in Small Entrepreneurial Business Organizations: A Conceptual Model”, Journal of Small Business Management, Vol.3, pp.323-329, April 2013
S.D. Beley, P.S.Bhatarkar “Financing Micro, Small and Medium Enterprises (MSMES) In India during Post Liberalization Period: A Study on Traditional and Unconventional Approaches Of Financing,” Indian Streams Research Journal, Vol.2, Issue 8, September 2013. [4] C. Paramasivan, “Progress and Performance of Micro, Small
and Medium Enterprises in India,” Vol.2, issue.4, pp.11-22, April 2013.
Rajesh K. Singh, Suresh K. Garg, S.G. Deshmukh, (2010) "The competitiveness of SMEs in a globalized economy: Observations from China and India", Management Research Review, Vol. 33 Issue No: 1, pp.54 – 65
Downloads
Published
Issue
Section
License
Copyright Notice
Submission of an article implies that the work described has not been published previously (except in the form of an abstract or as part of a published lecture or academic thesis), that it is not under consideration for publication elsewhere, that its publication is approved by all authors and tacitly or explicitly by the responsible authorities where the work was carried out, and that, if accepted, will not be published elsewhere in the same form, in English or in any other language, without the written consent of the Publisher. The Editors reserve the right to edit or otherwise alter all contributions, but authors will receive proofs for approval before publication.
Copyrights for articles published in World Scholars journals are retained by the authors, with first publication rights granted to the journal. The journal/publisher is not responsible for subsequent uses of the work. It is the author's responsibility to bring an infringement action if so desired by the author.
