Enhancing knowledge creation and innovation in SMEs

Knowledge has become one of the important resources for competitiveness and growth world-wide. Innovative and knowledge-based organizations are characterized by better productivity and sustainability in the fast changing business environment. Technologies provide many opportunities for creativity, collaboration and knowledge transfer, and are behind present changes in innovation models. While large organizations are grasping the new opportunities, the Small and Medium Enterprises (SMEs) are still lagging behind and could not take advantage of the benefits offered by new technologies. The paper provides, first, an insight into knowledge creation and innovation trends, and second, focuses on web 2.0 opportunities for users involvement and for raising SMEs creativity and innovation.