Micro Stamping Corporation Corporate downsizing and restructuring are creating a rising number of new entrepreneurial businesses. Many people who left their corporate ties are either working for themselves or joining smaller companies. Through outsourcing, small businesses are fulfilling the needs of corporations in various functions, such as payroll, computer programming, accounting, engineering and manufacturing.
Knowledge management can help entrepreneurial companies grow in today's competitive global market.
Recent studies show 50 percent of start-up companies failed within their first two years. Thriving companies in the 21st century will not be selling just products and services. They will form strategic alliances with their competitors and suppliers to sell knowledge, skills, and information, which are value-added services for their clients or customers.