Knowledge Management Challenges and Opportunities in Indian Small and Medium Enterprises (SMEs)

Knowledge management is an essential tool for efficiently manage the challenges which occur due to turnover of skilled, experienced, and knowledgeable workers. Large scale industries have already taken up these challenges and devised mechanisms to store and manage the intellectual property of an organization, by creating knowledge repositories and patenting innovations. Even though SMEs contribute to major portions in Indian economy, most of them lack innovative approaches towards knowledge management. Compared to international SMEs, Indian SMEs need to increase the use of knowledge management in their day-to-day business activities. This paper is a study on the importance of knowledge sharing, knowledge capturing challenges in the context of SME environment, and setting the motivation for need of knowledge management in SMEs and highlights some case studies pertaining to SMEs in general and Indian SMEs in particular.