KNOWLEDGE MANAGEMENT OF HUMAN CAPITAL IN THE MSME SECTOR
Business development now leads to knowledge and human capital as a source of wealth for a company and no longer money capital or assets owned. Many large companies dominate the market not because they have significant capital but rather because they have an innovative, intelligent and highly creative workforce. The MSME sector in Indonesia is currently still experiencing difficulties implementing knowledge management from human capital. This study will examine knowledge management in small enterprises from a theoretical standpoint. The value of knowledge in business, human capital management, and knowledge in small firms is discussed. This study's methodology is descriptive qualitative, focusing on crucial concerns of knowledge management and human capital for MSME actors. They are seen as operating, strategic people and not as subjects, and so underestimated by not realizing that they have the necessary knowledge to strengthen their creativity and innovation in order to compete. Because MSME business practices lack adaptability, self-confidence, leadership, and human resource development – all of which contribute to increased business-to-market unpredictability.
Knowledge Management, Human Capital Management, Micro, Small and Medium Enterprises (MSME).