Knowledge management - necessity and challenge in small and medium enterprises

Research on collection, acquisition, multiplication, keeping and dissemination of organizational knowledge is highly supported through private incentives, government institutions and international projects. Many of those projects resulted in numerous applications: knowledge management portals, intensifying communications, knowledge management communities, centers of excellence and new tools and models of knowledge management. Although open in general to all who have new ideas and initiatives, many of these projects remain closed concerning possibilities of access to the research, availability of results or financial support, thus having a political connotation. The paper is focused on attributes of knowledge management systems relevant for their development in small and medium enterprises(SMEs) in transitional economies