Challenges for Pakistani SMEs in a Knowledge-Based Economy

Indus Journal of Management & Social Sciences, Vol. 5, No. 2, 2011

7 Pages Posted: 26 Jul 2011 Last revised: 17 Aug 2011

See all articles by Muhammad Khalique

Muhammad Khalique

Universiti Malaysia Sarawak

Abu Hassan Bin Md. Isa

Universiti Malaysia Sarawak (UNIMAS)

Jamal Abdul Nassir Shaari

Universiti Malaysia Sarawak (UNIMAS)

Date Written: April 15, 2011

Abstract

Purpose: Attempt is made to indentify the major issues of knowledge-based economy, which are facing SMEs in Pakistan. Literature review: literature review reveals that Small and Medium Enterprises (SMEs) are playing very important role in the development of economy in Pakistan. Despite of the important contribution to economy, SMEs are still facing serious issues. These issues create serious threats for the survival of SMEs in Pakistan. After twenty first century, the economy transformed from production based to a knowledge-based economy. In a knowledge-based economy intellectual capital appeared as a critical factor for the successes of organizations. Methods: this research is based on the previous researches’ findings. Conclusion: It is concluded that at the beginning of the twenty first century the concept of intellectual capital has gained a significant attention in a knowledge-based economy. There is no doubt, present economy is a knowledge-based economy and it stand on intellectual capital. Therefore, it is indispensible for SMEs in Pakistan to revolutionize and adopt the concept and applications of intellectual capital in order to dilute the emerging economics challenges. Recommendations: SMEs in Pakistan need to strengthen the concept and applications of intellectual capital in their organizations in order to achieve the competitive edge in the market.

Keywords: Knowledge-based economy, Intellectual capital, Challenges of SME

Suggested Citation

Khalique, Muhammad and Isa, Abu Hassan Bin Md. and Nassir Shaari, Jamal Abdul, Challenges for Pakistani SMEs in a Knowledge-Based Economy (April 15, 2011). Indus Journal of Management & Social Sciences, Vol. 5, No. 2, 2011. Available at SSRN: https://ssrn.com/abstract=1895458

Muhammad Khalique (Contact Author)

Universiti Malaysia Sarawak ( email )

Kota Samarahan, Sarawak 94300
Malaysia

Abu Hassan Bin Md. Isa

Universiti Malaysia Sarawak (UNIMAS) ( email )

Kota Samarahan, Sarawak 94300
Malaysia
6082584491 (Phone)
6082584451 (Fax)

Jamal Abdul Nassir Shaari

Universiti Malaysia Sarawak (UNIMAS) ( email )

Kota Samarahan, Sarawak 94300
Malaysia

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