knowledge knowledge markets knowledge management system knowledge-based economy information society
Institute of Information Theories and Applications FOI ITHEA
According to the rapidly changing environment small and medium enterprises constantly need to adapt
their strategies and activities. The transition from the industrial economy to knowledge-based economy results in
the increasing of the volume of the available information. Therefore knowledge markets are needed and
innovation centers have to be developed. An effective knowledge management system helps small and medium
enterprises to overcome their disadvantages and compete with big corporations. The review of current
developments in the field of knowledge markets is also made.