The paper presents some of the most important peculiarities of the entrepreneurship in Romania in the context of the knowledge based society. We develop the advantages and disadvantages of the modern Romanian SME's sector and the main characteristics of nowadays knowledge revolution. At the end...

The paper presents on the beginning the main general criteria and also the main specific criteria used for an appropriate understanding of small or medium sized organizations’ life cycle. After that, we develop with a lot of important details the eight phases of the small or medium sized...