Demystifying Knowledge Management for Micro, Small and Medium-Sized Enterprises in Africa
Introduction There is absolutely no doubt in the fact that all over the world, the micro, small and medium-sized enterprises (SMEs) sector have been acknowledged for playing major roles in the economic development of many countries, especially in the so-called first-world nations. SMEs constitute the largest proportion of businesses and play tremendous roles in employment generation, provision of goods and services, creating a better standard of living, as well as contributing significantly to the gross domestic products (GDPs) of all developed countries (OECD 2000). In this article, our aim is to simplify the concept of Knowledge Management (KM) to entrepreneurs, promoters, managers and other stakeholders in the micro, small and medium-sized enterprises (MSMEs) sector in Africa. Although the concept of KM has been around for over a decade, it is still relatively new, still growing and has gained significant recognition all over the world. Our focus he...