Madžar, DanijelaOstojić Mihić, Andrijana2017-04-052017-04-052016-03Madžar D. MadžarАpplication of Knowledge Management — Small and Medium Enterprises in Federation of Bosnia and Herzegovina / Danijela Madžar, Andrijana Ostojić Mihić // Стратегічні імперативи сучасного менеджменту : зб. матеріалів ІІІ Міжнар. наук.-практ. конф. (17–18 берез. 2016 р.) : у 2 ч. / М-во освіти і науки України, ДВНЗ «Київ. нац. екон. ун-т ім. Вадима Гетьмана» ; редкол.: С. М. Соболь (відп. за вип.) [та ін.]. – Київ : КНЕУ, 2016. – Ч. 2. – С. 239–248.978-966-926-069-7https://ir.kneu.edu.ua:443/handle/2010/21068Knowledge is indisputable resource which enables the development of new products, new ideas and strengthens human skills. People and their knowledge are unique to each enterprise and cannot be easily copied by the competitors. This provides a long-run competitive advantage. Knowledge management encompasses a range of activities in managing, designing, implementing and valorization of intellectual enterprise value. The paper analyzes the knowledge management as an essential element of business of small and medium enterprises. The aim is to analyze the application of knowledge management, implementation and evaluation in small and medium enterprises in the Federation of Bosnia and Herzegovina (FBiH). The study was conducted on a sample of 86 small and medium enterprises operating in the territory of the FBiH. The study defines the current level of knowledge management in small and medium enterprises in the FBiH, and the potential for further development by correlating it to the achievement of competitive advantage.enknowledge managementsmall and medium enterprisescompetitive advantageFederation of Bosnia and HerzegovinaArticle