International Journal of Academic Management Science Research (IJAMSR)
  Year: 2020 | Volume: 4 | Issue: 11 | Page No.: 51-53
The Impact of Knowledge-Based Economy on the Success of Small Business and New Ventures
Mohamed Balla Hussen Ali

Abstract:
Knowledge-based economy is an advanced economic pattern based on the widespread use of informatics and the Internet in various aspects of economic activity, research in the knowledge-based-economy has addressed a number of methods, such as knowledge, technology, intelligence, information and creativity, and its impact on the development and success of small businesses and new ventures, however, determining that success of small business and new ventures has been influenced by knowledge-based economy is needed as base for development of it. Therefore, this research focuses mainly on Human Intellectual Capital (Knowledge - Skills - Leadership)Technology (Internet - Communication - Network) Organizational Processes (Marketing - Strategy - product) and their impact on success of small business and new ventures, based on the objectives a case study done on two of successful companies and 70 questionnaires were analyzed, the result indicated that that knowledge-based economy has an impact on the success of small businesses and new ventures, and was recommend to dig further in this field.